The World's Best Countries for Business

Canada Is The Second Best Country for Business in the World in 2014

First Published Date : February 12, 2014 ADawnJournal.com

Bloomberg recently published its annual ranking of the world’s best countries for business and Canada became the second best country on earth for best, only behind Hong Kong.

The top ten countries for business in 2014 are:

1. Hong Kong
2. Canada
3. United States
4. Singapore
5. Australia (tied)
5. Germany (tied)
7. United Kingdom
8. Netherlands
9. Spain
10. Sweden

Bloomberg compiles its list not only based on economy, but on several other factors such as the cost of starting a business, the cost of labour, transportation, and even other factors such as inflation, corruption, and so on.

Canada’s gradual rising in the ranking was a result of various factors such as a lower corporate tax rate, a falling Canadian dollar, and the receptivity of its consumers.

Countries like Ireland (20th from 22nd) and Portugal (17th from 30th) have done well in the ranking, while countries like Brazil (38th from 61th), Russia (44th from 56th), and India (48th from 54th) have done moderately well. China did poorly, falling to the 28th position from the 19th.

Visit Bloomberg Best Countries for Business 2014 to view the full report.