Weekly News

The 25 best countries in the world to be an entrepreneur starting a company

October 17,2018 11:14

The World Economic Forum ranked each country according to its business environment and innovation. The United States took the No. 1 spot. The ranking considered the cost and speed of starting a business in each country, as well as attitudes toward risk ...and more »

Best countries to be an entrepreneur starting a company, ranked - Business Insider

The United States, where Jeff Bezos founded Amazon in 1994, is ranked No. 1.
Ted S. Warren/AP

The World Economic Forum ranked each country according to its business environment and innovation.
The United States took the No. 1 spot.
The ranking considered the cost and speed of starting a business in each country, as well as attitudes toward risk, and the willingness of companies to embrace disruptive ideas.

If you're looking for the best place to build a business, you may not have to look far.
The United States was ranked No. 1 in "business dynamism" in the World Economic Forum's 2018 global competitiveness report on Tuesday, scoring a global high of 86.5 points out of 100 in the category.
The business dynamism ranking factored in several metrics, such as the cost and speed of starting a business in each country, the attitudes of entrepreneurs toward risk, and the willingness of companies to embrace disruptive ideas.
"An agile and dynamic private sector increases productivity by taking business risks, testing new ideas, and creating innovative products and services," the report said.
"In an environment characterized by frequent disruption and redefinition of businesses and sectors, successful economic systems are resilient to technological shocks and are able to constantly re-invent themselves."
Take a look at the best places in the world for innovative businesses:

1/
25. Czech Republic

RossHelen / Shutterstock
Score: 70.2

2/
24. Slovenia

Flickr Creative Commons/Simon Bramwell
Score: 70.3

3/
23. Thailand

Flickr Creative Commons/Marco Verch
Score: 71.0

4/
22. South Korea

POOL/Reuters
Score: 71.6

5/
21. Taiwan

Flickr Creative Commons/LBY
Score: 72.4

6/
20. Switzerland

Harold Cunningham/Getty Images
Score: 72.6

7/
19. Malaysia

Flickr Creative Commons/Mohd Fazlin Mohd Effendy Ooi
Score: 73.8

8/
18. Belgium

Getty Images/Ian Walton
Score: 73.8

9/
17. Hong Kong

Flickr Creative Commons/James Cridland
Score: 74.5

10/
16. Singapore

Suhaimi Abdullah/Getty Images
Score: 74.7

11/
15. Australia

Flickr/Eddy Milfort
Score: 75.2

12/
14. Japan

Reuters/Thomas Peter
Score: 75.7

13/
13. Canada

Jeff Vinnick/Getty Images
Score: 76.0

14/
12. New Zealand

Dianne Manson / Stringer / Getty Images
Score: 76.4

15/
11. Iceland

REUTERS/Ingolfur Juliusson
Score: 76.6

16/
10. Ireland

Andrew Couldridge/Reuters
Score: 76.9

17/
9. Norway

Ragnar Singsaas/Getty Images)
Score: 77.0

18/
8. Finland

wstryder
Score: 78.3

19/
7. United Kingdom

Reuters/Suzanne Plunkett
Score: 79.0

20/
6. Denmark

Reuters
Score: 79.1

21/
5. Israel

Lior Mizrahi/Getty Images
Score: 79.6

22/
4. Sweden

Stefan Lins/Flickr
Score: 79.8

23/
3. Netherlands

Laurence Griffiths/Getty Images
Score: 80.3

24/
2. Germany

Sean Gallup/Getty Images
Score: 81.6

1/

business business casual business lease business card business insider business english business facebook business class business intelligence business card mockup

Share this article

Related videos

Top 20 Best Small Business Ideas for Beginners in 2017
Top 20 Best Small Business Ideas for Beginners ...
Top 20 Small Business Ideas in USA for Starting Your Own Business
Top 20 Small Business Ideas in USA for Starting...

DON'T MISS THIS STORIES