NEW ZEALAND IS RANKED AS THE BEST COUNTRY FOR BUSINESS, ACCORDING TO FORBES. THE REPORT STATES THAT THE UNITED STATES CONTINUES TO LOSE GROUND AGAINST OTHER NATIONS IN FORBES’ ANNUAL LOOK AT THE BEST COUNTRIES FOR BUSINESS.
1. New Zealand
The island country, New Zealand has a modern, prosperous and developed market economy. The country is heavily dependent on international trade and has a high demand for agricultural products.
GDP: GDP: $162 billion
GDP per capita: $39,300
Public debt as % of GDP: 36%
Denmark
Officially the Kingdom of Denmark has a developed mixed market economy and the country’s economy stands out for its economic freedom. It has a large labour force and its support for free trade is high.
GDP: $333 billion
GDP per capita: $59,684
Public debt as % of GDP: 44%
3. Hong Kong
Hong Kong is a special administrative region and is considered to be one of the world’s leading financial centers. The country has a major capitalist service economy characterized by low taxation and free trade.
GDP: $244 billion
GDP per capita: $34,457
Public debt as % of GDP: 30%
4. Singapore
Singapore has a highly developed market based economy. It is known to have one of the freest, innovative, competitive and business-friendly environments worldwide. The economy depends heavily on exports and refining imported goods, especially in manufacturing.
GDP: $240 billion
GDP per capita: $46,241
Public debt as % of GDP: 118%
5. Canada
Canada has a mixed economy and manufacturing, mining and service sectors have transformed the nation from a rural economy to an industrialized one. The country is one of the world's largest suppliers of agricultural products.
GDP: $1.7 trillion
GDP per capita: $50,345
Public debt as % of GDP: 87%. 
Ireland
The economy of Ireland mainly focuses on services and high-tech industries. Exports play a very important role and Ireland is considered to be one of the world’s most profitable countries.
GDP: $217 billion
GDP per capita: $48,423
Public debt as % of GDP: 105%
Public debt as % of GDP: 38%
Sweden
Sweden is an export oriented mixed economy and is heavily oriented towards foreign trade. The country’s engineering, telecommunications, automotive and pharmaceutical industries are of great importance.
GDP: $538 billion
GDP per capita: $56,927
. Norway
Norway is a mixed economy. It features a combination of free market activity and large state ownership in certain key sectors. It is also one of the largest oil exporters in the world.
GDP: $486 billion
GDP per capita: $98,102
Public debt as % of GDP: 58%
. Finland
Although Finland was relatively late for industrialization, the country’s economy grows rapidly. The country is highly integrated in the global economy, and international trade.
GDP: $266 billion
GDP per capita: $49,391
Public debt as % of GDP: 49%
. United Kingdom
United Kingdom was the world’s first industrialized countries and is a now considered as one of the great powers in with its economic influence. The country has a partially regulated market economy.
GDP: $2.4 trillion
GDP per capita: $38,818
Public debt as % of GDP: 86%
. Australia
Australia is a developed country which enjoys its high economic freedom. It is considered to be a wealthy economy with a market economy. The country is a major exporter of agricultural products.
GDP: $1.4 trillion
GDP per capita: $60,642
Public debt as % of GDP: 27%
. United States
The United States of America has a capitalist mixed economy which has a developed infrastructure, high productivity and sufficient natural resources. Apart from being known for its large exports the country is also one of the largest importers of goods.
GDP: $15.1 trillion
GDP per capita: $48,442
Public debt as % of GDP: 68%
. Belgium
Belgium has a strong globalised economy and it is characterized by high productive work force. The country is heavily is service-oriented and has an integrated transport infrastructure.
GDP: $512 billion
GDP per capita: $46,469
Public debt as % of GDP: 100%
Netherlands
The Netherlands has a market-based mixed economy that is well known for its liberal stance. Shipping, fishing, trade, and banking have been leading sectors of the country’s economy.
GDP: $836 billion
GDP per capita: $50,087
Public debt as % of GDP: 65%
Switzerland
Switzerland is known as one of the most stable, prosperous and wealthiest economy. The high tech economy’s main sector is manufacturing and the Switzerland’s largest exported goods are chemicals.
GDP: $636 billion
GDP per capita: $80,391
Public debt as % of GDP: 52%
No comments:
Post a Comment