The UK moves into top 10 of Forbes Best Countries for Business 2015

This month Forbes – a US media conglomerate, published its list of the Best Countries for Business 2015.

Wanting to know a bit more about this ranking and how the UK fares. Here are extracts from the article accompanying the list.

We gauged the Best Countries for Business by grading 144 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Each category was equally weighted. The data came from published reports from the following organizations: Freedom House, Heritage Foundation, Property Rights Alliance, Transparency International, World Bank Group and World Economic Forum.

Denmark has ranked first in six of the 10 annual editions of FORBES’ Best Countries list. The picture isn’t as bright for the U.S., which slides four spots to No. 22. It continues a six-year descent since 2009 when the U.S. ranked second overall.

While the U.S. fell in our ranking, the world’s next four biggest economies all improved their overall standing. The United Kingdom and Japan both moved up three spots to No. 10 and No. 23 respectively. Germany improved two places to No. 18. China rose from No. 97 to No. 94. Here’s the list of top 10.

Rank                     GDP Growth   GDP per Capita Trade Balance/GDP    Population

1 Denmark        1.1%                    $44,600               6.3%                                    5.6 M

2 New Zealand 3.3%                     $35,300               -3.2%                                   4.4 M

3 Norway          2.2%                     $67,200               9.4%                                    5.2 M

4 Ireland            5.2%                     $51,300               3.7%                                    4.9 M

5 Sweden          2.3%                     $46,200               6.2%                                    9.8 M

6 Finland          -0.4%                    $40,700               -1.8%                                   5.5 M

7 Canada           2.4%                     $45,000               -2.1%                                   35.1 M

8 Singapore      2.9%                     $83,100               19.1%                                  5.7 M

9 Netherlands   1%                         $48,000             10.4%                               16.9 M

10 U Kingdom      3%                     $39,800               -5.9%                                64.1 M

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