The 7 Best Countries to Start a Business In - Paladria

The 7 Best Countries to Start a Business In

The 7 Best Countries to Start a Business In

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:

  1. Singapore
  2. Norway
  3. New Zealand
  4. China
  5. Mexico
  6. Germany
  7. Canada

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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%

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