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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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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World's most dynamic nations for business
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.