Forbes’ 10th annual ranking of the Best Countries for Business rates countries on 11 different metrics, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance (click here for complete coverage). Denmark repeats in the top spot and ranks first for the sixth time since 2006.
We enlisted mapping firm Esri this year to plot the top 25 and bottom 10 countries on an interactive world map that allows users to scan through the countries and access basic economic data by clicking on a country name (see below).
Europedominates the top 25 with two-thirds of the entries. These countries score well almost across the board on trade and personal freedom, as well as innovation and corruption. TheAsia-Pacific region landed seven locales on the list with the U.S. and Canada making up the final components of the top 25. The U.S. ranks No. 22 this year, down four spots from 2014. It is thesix straight year of declinesfor the world’s largest economy at $17.4 trillion. The biggest gainer in the top 25 is Lithuania, which moves up seven places to No. 17.
African nations make up 60% of the bottom 10 with high levels of corruption, red tape and taxes registering as major issues. Chad, which relies on oil for more than half of its exports, ranks at the bottom at No. 144.