There’s a lot of mathematical equations that go into the decision of which country is best to start a business. The list below is ranked based on international surveys that analyze five aspects: access to capital, manufacturing cost, globalization, affordability, and bureaucracy.
The 7 best countries to start a business in are:
- Singapore
- Norway
- New Zealand
- China
- Mexico
- Germany
- Canada
New business? Call us for your globalization needs
1. Singapore
The thing that the best businesses in Singapore all have in common is that they are international businesses, showing us once again how crucial globalization is.
- GDP Growth: 2%
- Per-Capita GDP: $56,000
- Public Debt/GDP: 113%
- Population: 5.6M
- Unemployment: 2.1%
- Trade Balance/GDP: 19%
- Inflation: -0.5%
2. Norway
While Norway has a combination of local and international companies, it has stayed among the top places to do business in recent years.
- GDP Growth: 1.1%
- Per-Capita GDP: $75,000
- Public Debt/GDP: 36%
- Population: 5.3M
- Unemployment: 4.7%
- Trade Balance/GDP: 5%
- Inflation: 3.6%
3. New Zealand
As a paradise with a booming economy, New Zealand has a lot to offer the rest of the world and the infrastructure to help you learn about it.
- GDP Growth: 3.6%
- Per-Capita GDP: $44,000
- Public Debt/GDP: 33%
- Population: 4.8M
- Unemployment: 5.1%
- Trade Balance/GDP: -2.8%
- Inflation: 0.6%
4. China
There are many reasons why China is so brilliant at business, but one of the things we don’t talk about is the wonders of actually living in China while working there. Below, find the statistics for Honk Kong alone.
- GDP Growth: 2%
- Per-Capita GDP: $46,000
- Population: 7.4M
- Trade Balance/GDP: 4.6%
- Unemployment: 2.7%
- Inflation: 2.6%
5. Mexico
Mexico is renown for being an easy place to start a business and with its much more affordable lifestyle than its Northern neighbor, it’s no wonder so many Americans immigrate to Mexico to start a business.
- GDP Growth: 2.3%
- Per-Capita GDP: $8,500
- Public Debt/GDP: 50%
- Population: 129M
- Unemployment: 3.9%
- Trade Balance/GDP: -2.2%
- Inflation: 2.8%
6. Germany
Germany is known for its attention to detail and precision and this is perhaps what makes the German business model so efficient.
- GDP Growth: 1.9%
- Per-Capita GDP: $43,000
- Public Debt/GDP: 68%
- Population: 83M
- Unemployment: 4.2%
- Trade Balance/GDP: 8.3%
- Inflation: 0.4%
7. Canada
For an American, if the free healthcare isn’t enough to make them move up North, then perhaps the fact that the business world is familiar to the USA and that the economy is stable might add a few more perks to working in Canada.
- GDP Growth: 1.5%
- Per-Capita GDP: $43,000
- Public Debt/GDP: 99%
- Population: 37M
- Unemployment: 7%
- Trade Balance/GDP: -3.3%
- Inflation: 1.4%
Master Language Learning with Mosalingua
With Mosalingua's platform, you can immerse yourself in Spanish, French, Japanese, and more. Learn independently, while also benefiting from a committed team's support, ensuring continuous motivation and expert guidance every step of the way. With an impressive 4.5/5 ★ rating on the app and endorsements from Cosmopolitan, HuffPost, and Mashable, join the thriving community of language learners who rely on Mosalingua as their comprehensive solution for fast and effective language acquisition.
This website may contain affiliate links, which means we may earn a commission if you click on or make a purchase through the link.
