Top 10 Best Countries for Business 2012

Business plays a fundamental role in the progress and development of any economy. It fuels the GDP, per capita income and living standard of a society. Though it is not every ones cup of tea if business can be well planned then it can attain the height of international trading which directly has an impact on the national economy. So let us quickly go through the list to know the countries that have managed a place in the records of top ten best countries for business.

List of Top 10 Countries for Business 2012

1. Canada

2. New Zealand

3. Hong Kong

4. Ireland

5. Denmark

6. Singapore

7. Sweden

8. Norway

9. United Kingdom

10. United States

Top Ten Best Countries for Business 2012

The below write up puts up some facts which proves the names that has been included in the top ten best places for business.

1. Canada

The world’s eleventh largest economy, Canada after World War II has started transforming from a rural economy to an industrial based urban economy and today it has emerged as the leading country among the top ten best countries for business. In an attempt to branch out export, many Canadian Industries have stated trading with Asian markets and the current GDP growth and GDP per capita are 3.1% and $39,400 respectively.

2. New Zealand

The island country of south-western Pacific Ocean, New Zealand has 4.3 million population and accounts for 1.5 % GDP growth and $27,700 GDP per capita. During the last twenty years the nation has under gone lots of change from an agrarian economy to an industrialized free market economy and on 7th April 2008, New Zealand signed the New Zealand China Free Trading Agreement with China.

3. Hong Kong

Hong Kong is one of the world’s leading financial centres with a major capitalist service economy and its currency is the eighth most traded currency in the world. This has helped the country to maintain a position among the top ten best countries for business and has 6.6% trade balance, 6.8% GDP growth and $45,900 GDP per capita.

4. Ireland

Though due to the 2008 recession, the usual economic growth has slowed down, Ireland is still regarded as one of the top ten best countries for business. With 4.7 million population it has $37,300 GDP per capita where the foreign multinational companies play a vital role.

5. Denmark

Denmark can boast of some of the world’s principal firms in maritime shipping and renewable energy which directly influences the growth of the economy and makes it one in midst of top ten best countries for business. The state’s fiscal position remains among the strongest in the EU with 2.1% and $36,600 GDP growth and GDP per capita.

6. Singapore

Many factors such as highly developed and successful free-market open and corruption free environment, stable price etc has acted as a catalyst in the field of business and economic development. Depending on exports, particularly in consumer electronics, information technology products, and on a growing financial services sector it has attained a growth of 14.5% GDP and $62,100 GDP per capita.

7. Sweden

Sweden has been profited by the mixed system of high-tech capitalism and extensive welfare benefits which have proved it to be in the group of top ten best countries for business with high standard of living. Though struck by the 2008-2009 world economic slowdowns it has regained its stability by 2010 and currently has 6.3% trade balance, $39,100 GDP per capita and 5.5% GDP against 9.1 million population.

8. Norway

A combination of free market activity and government intervention, Norway has shaped its economy so well that in today’s date it has 12.9% trade balance and $54,600 GDP per capita. The country is blessed with natural resources petroleum, hydropower, fish, forests, and minerals which further enhance its business sector.

9. United Kingdom

The sixth largest economy in the world and third in Europe, United Kingdom is also well known as one among the best countries for business. The foundation for strong business and trade started with the start of Industrial Revolution which has made up to $34,800 GDP per capita and 1.3% GDP growth today.

10. United States

The tenth slot has been given to United States since it has a strong market based on abundant natural resources, a well-developed infrastructure, and high productivity. The market oriented economy gives private individuals and business firms the opportunity to make decisions and contribute to its development. Business in US is much flexible and has attained 2.8% GDP growth and $47,200 GDP per capita.

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