New Zealand Tops Rankings for Business

November 15, 2012 New Zealand Finance

Auckland SkylineNew Zealand’s positive business climate and resilient economy have led to it being ranked the top country for doing business in the world.

On November 14th Forbes released the 2013 edition of its annual Best Countries for Business report, which ranked New Zealand as the best country in the world for doing business, based on 11 different criteria.

Out of the 11 criteria inspected by Forbes, New Zealand ranked first in four, being seen as best in the world for its freedom from corruption, legislative protection of investor interests, the lack of red tape for businesses, and personal freedoms. New Zealand was also ranked in the top ten for two other measures, being placed 6th and 7th in regards to property rights and monetary freedom respectively.

The newly published report also summarized New Zealand’s current business environment, noting the country’s resilience to the negative effect of international economic turmoil, and also the transparent and stable business climate.

As the top ranked country in the report, New Zealand was placed above Denmark, Hong Kong and Singapore, which were 2nd, 3rd and 4th respectively.

Photo by Thomas Roessler