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World's most dynamic nations for business

September 24, 2013 10:33 IST

World's most dynamic nations for business

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The United States has failed to make it among the world’s top ten nations in the Grant Thornton Global Dynamism Index.

The Index assesses the business growth environments of 60 of the largest economies in the world, ranking them on 22 indicators of dynamism across five categories - business operating environment, economics & growth, science & technology, labor & human capital and the lending environment.

Dynamism refers to the changes in an economy over the past 12 months which are likely to lead to a faster future rate of growth. The Grant Thornton Global Dynamism Index (GDI) is an annual research project conducted by the Economist Intelligence Unit (EIU).  

Take a look at the world's most dynamic nations...

Australia

Rank: 1

Score: 66.5

Australia's business growth environment improved more than any other nation according to the GDI 2013 results. 

Its economy tops the rankings, climbing from 7th position in 2012. It scores high on business operating environment, political stability, legal and regulatory risk.

It ranks second globally for the dynamism of its labour & human capital and sixth for its business operating environment.

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Image: Two ferries pass the Sydney Opera House.
Photographs: David Gray/Reuters

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Chile

Rank: 2

Score: 64.5

Chile scores high on foreign trade and exchange regimes, controls and policy towards private enterprise and competition.

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Image: A man walks by the EK Toro II glacier in the on the Chilean side of the border district between Chile's Huasco and Argentina's San Jauan Province.
Photographs: Reuters
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China

Rank: 3

Score: 62.7

China has made an impressive performance as compared to BRIC counterparts in terms of the development of its business growth environment according to the Grant Thornton Global Dynamism Index (GDI) 2013. 

While the Chinese economy has significantly improved its attractiveness as a place to do business over the last twelve months, Russia, India and Brazil have fallen away and face significant challenges.
India’s score stands at a dismal 45.

China has risen 17 places from this time last year, boosted by increases in R&D, IT spending and labour productivity.

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Image: Lion dancers perform during last year's Chinese New Year Celebrations.
Photographs: Reuters

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New Zealand

Rank: 4

Score: 62.6

One of the most dynamic nations, New Zealand scores high on business operating environment, foreign trade and exchange regimes and political stability.

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Image: A seal is seen at Wellington's south coast.
Photographs: Jacky Naegelen/Reuters

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Canada

Rank: 5

Score: 62.3

Canada ranked 5th in the index is ranked high on business operating environment, foreign trade and exchange regimes & controls.

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Image: Students on a tour look at Greenpeace activists dressed in a polar bear costume during a demonstration, on Parliament Hill in Ottawa.
Photographs: Reuters
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Finland
Rank: 5
Score: 62.3

Finland is one of the world's most peaceful and economically competitive countries. The country scores high on business operating environment.

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Image: Tourists drive snowmobiles during an arctic safari at Arctic Circle near Rovaniemi, northern Finland.
Photographs: Reuters
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Singapore

Rank: 7

Score: 61.9

The Singaporean economy is one of the freest, most innovative, most competitive, and most business-friendly nations. It score high on foreign trade and exchange regimes and controls and political stability.


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Photographs: Reuters

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Israel

Rank: 8

Score: 61.8

Israel is considered one of the most advanced countries in Southwest Asia in economic and industrial development. It also has one of the largest number of start-ups in the world. It scores high on foreign trade and exchange regimes and controls.

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Photographs: Reuters

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Sweden

Rank: 61.6

Score: 9

One of the best-governed nations in the world, Sweden is also among world’s most reputable nations. 

Sweden is also one of the world's most equal countries in terms of income. It scores high foreign trade and exchange regimes and business operating environment.

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Image: A view of Stockholm in Sweden.
Photographs: Reuters
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Norway

Rank: 10

Score: 60.9

Norway

One of the world’s richest nations, Norway ranks high on foreign trade and exchange regimes and controls.


Image: Pedestrians walk down the main street in the arctic town of Longyearbyen.
Photographs: Bob Strong/Reuters

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