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Do you Know which is the best country in the world for business in 2015?
Do you Know which is the best country in the world for business in 2015?
Zee Media Bureau
Denmark has topped the list of the 144 nations on Forbes' annual list of the best countries for business in 2015.
The US has dropped four spots to number 22, continuing a six-year descent since 2009 when it had ranked second overall.
The US is the financial capital of the world and its largest economy at USD 17.4 trillion (China is second at USD 10.4 trillion), but it scores poorly on monetary freedom and bureaucracy/red tape, Forbes said.
On the other hand, India has ranked a low 97th, behind Kazakhstan and Ghana, scoring poorly on metrics like trade and monetary freedom and tackling challenges like corruption and violence.
Here is the list of world's 10 best countries for business 2015:
1. Denmark: (GDP $341 billion)
2. New Zealand: (GDP: $201 billion)
3. Norway (GDP: $500 billion)
4. Ireland (GDP: $246 billion)
5. Sweden (GDP: $570 billion)
6. Finland (GDP: $276 billion)
7. Canada (GDP: $1.8 trillion)
8. Singapore (GDP: $308 billion)
9. Netherlands (GDP: $866 billion)
10. United Kingdom (GDP: $2.9 trillion)