Forbes has just released its list of "Best Countries for Business" and this year Canada has reached the top. Canada jumped up from last year’s number 4 spot to claim the top spot on the list. Countries were ranked based on 11 key factors including “property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.” Through a variety of reliable sources, Forbes was able to evaluate countries based on these characteristics and rank the countries in order of business attractiveness.
Canada ranked highly largely due to its impressive performance even through the recession. While Canada is only the 9th largest economy worldwide, it is one of the strongest. This past year its economy grew by 3%, and its major banks are now some of the strongest worldwide. While many other countries have crumbled, Canada was able to remain strong. Canada also has a large supply of natural resources which helps to increase its exports of energy, primarily to the United States.
Other countries that made the top of the list include:
2. New Zealand
3. Hong Kong
9. United Kingdom
10. United States
Each of the countries on this list offers a unique atmosphere for business. Educating your business on where the global opportunities lie is the first step towards internationalization. Use this list for inspiration!
For the full list of countries - click here!