Forbes released the 2010 rankings of Best countries to do business with. Denmark is ranked as the best country to do business followed by Hong Kong and New Zealand.
United states saw the biggest fall in this years ranking, which fell to 9th position from 2nd position in the previous year.
Interestingly, GDP growth of all the top 10 countries was in negative, thanks to Global recession.
On the other hand some of the countries which saw fastest growth in their GDP are languishing quite lowly. India is ranked at 77th ranks and China even further at number 90th.
Top 100 best countries to do Business
RANK | NAME | GDP GROWTH (%) | GDP/CAPITA ($) | TRADE BALANCE AS % OF GDP | POPULATION (MIL) | FEDERAL BUDGET BALANCE AS % OF GDP |
1 | Denmark | -4.7 | 36,000 | 2.9 | 5.5 | 41.6 |
2 | Hong Kong | -2.8 | 42,800 | 8.7 | 7.1 | 37.4 |
3 | New Zealand | -1.6 | 27,400 | -2.8 | 4.2 | 22.2 |
4 | Canada | -2.5 | 38,200 | -2.7 | 33.5 | 75.4 |
5 | Singapore | -1.3 | 52,200 | 14.3 | 4.7 | 113.1 |
6 | Ireland | -7.6 | 41,000 | -2.9 | 4.2 | 57.7 |
7 | Sweden | -5.1 | 36,600 | 7.3 | 9.1 | 35.8 |
8 | Norway | -1.5 | 57,400 | 14.4 | 4.7 | 60.6 |
9 | United States | -2.6 | 46,000 | -2.9 | 307.2 | 52.9 |
10 | United Kingdom | -4.9 | 34,800 | -1.5 | 61.1 | 54 |
11 | Finland | -8.1 | 34,100 | 1.2 | 5.3 | 44 |
12 | Australia | 1.3 | 40,000 | -3 | 21.3 | 17.6 |
13 | Netherlands | -3.9 | 39,500 | 5.4 | 16.7 | 62.2 |
14 | Belgium | -2.7 | 36,800 | 0.9 | 10.4 | 97.6 |
15 | Switzerland | -1.5 | 41,400 | 7.3 | 7.6 | 40.5 |
16 | Israel | 0.2 | 28,400 | 3.7 | 7.2 | 78.4 |
17 | Luxembourg | -3.4 | 79,600 | 18.1 | 0.5 | 14.9 |
18 | Iceland | -6.5 | 39,600 | -3.4 | 0.3 | 107.6 |
19 | Estonia | -14.1 | 18,500 | 4.7 | 1.3 | 7.2 |
20 | Germany | -4.9 | 34,100 | 4 | 82.3 | 72.1 |
21 | France | -2.5 | 32,600 | -2.1 | 64.4 | 77.5 |
22 | Cyprus | -1.5 | 21,000 | -8.6 | 1.1 | 56.2 |
23 | Chile | -1.7 | 14,600 | 2.6 | 16.6 | 6.1 |
24 | Portugal | -2.7 | 21,700 | -10.3 | 10.7 | 76.9 |
25 | Taiwan | -1.9 | 32,000 | 11.2 | 23 | 32.5 |
26 | Slovenia | -7.8 | 27,700 | -0.2 | 2 | 31.8 |
27 | Japan | -5.3 | 32,700 | 2.8 | 127.1 | 189.3 |
28 | Mauritius | 3.1 | 13,000 | -7.7 | 1.3 | 58.7 |
29 | Austria | -3.4 | 39,200 | 2.3 | 8.2 | 69.3 |
30 | South Korea | 0.2 | 28,100 | 5.1 | 48.5 | 23.5 |
31 | Malaysia | -1.7 | 14,900 | 15.9 | 25.7 | 53.7 |
32 | Lithuania | -15 | 15,500 | 3.8 | 3.6 | 31.7 |
33 | Spain | -3.6 | 33,600 | -5.1 | 40.5 | 53.2 |
34 | South Africa | -1.8 | 10,300 | -4 | 49.1 | 29.5 |
35 | Poland | 1.7 | 17,900 | -1.7 | 38.5 | 46.5 |
36 | Macedonia | -1.8 | 9,100 | -7 | 2.1 | 32.4 |
37 | Italy | -5.1 | 29,900 | -3.1 | 58.1 | 115.2 |
38 | Slovakia | -4.7 | 21,100 | -3.3 | 5.5 | 37.1 |
39 | Hungary | -6.3 | 18,800 | 1.2 | 9.9 | 78 |
40 | Czech Republic | -4.2 | 24,900 | -1.1 | 10.2 | 34.1 |
41 | Latvia | -18 | 14,400 | 9.6 | 2.2 | 36.1 |
42 | United Arab Emirates | -2.7 | 38,900 | -1.8 | 4.8 | 68.1 |
43 | Bahrain | 3.1 | 38,800 | 6.7 | 0.7 | 36.3 |
44 | Romania | -7.1 | 11,500 | -4.3 | 22.2 | 24 |
45 | Saudi Arabia | 0.1 | 20,600 | 7.2 | 28.7 | 22.9 |
46 | Turkey | -5.6 | 11,400 | -2.3 | 76.8 | 46.3 |
47 | Qatar | 9.5 | 119,500 | 5.5 | 0.8 | 15.7 |
48 | Croatia | -5.8 | 17,500 | -9.6 | 4.5 | 46.8 |
49 | Peru | 0.9 | 8,500 | 0.2 | 29.5 | 24.8 |
50 | Trinidad and Tobago | -3.2 | 21,300 | 8.6 | 1.2 | 26 |
51 | Colombia | 0.1 | 9,200 | -2.2 | 43.7 | 45.8 |
52 | Botswana | -5.4 | 12,800 | -6.5 | 2 | 17.9 |
53 | Bulgaria | -5 | 12,500 | -8.6 | 7.2 | 14.8 |
54 | Oman | 2 | 25,000 | -2.1 | 3.4 | 4.5 |
55 | Mexico | -6.5 | 13,200 | -1 | 111.2 | 37.7 |
56 | Thailand | -2.2 | 8,200 | 6.8 | 66 | 45.9 |
57 | Namibia | -0.8 | 6,600 | 2.5 | 2.1 | 15.1 |
58 | Kuwait | -1.7 | 52,800 | 28.8 | 2.7 | 8.1 |
59 | Montenegro | -6.1 | 9,800 | -26.8 | 0.7 | 38 |
60 | Uruguay | 1.9 | 12,600 | 0.6 | 3.5 | 56.6 |
61 | Georgia | -6.7 | 4,400 | -14.4 | 4.6 | NA |
62 | Brazil | -0.2 | 10,100 | -1.5 | 198.7 | 60 |
63 | Greece | -2 | 31,000 | -10.4 | 10.7 | 113.4 |
64 | Jordan | 2.4 | 5,200 | -5.6 | 6.3 | 64.4 |
65 | Albania | 4.2 | 6,400 | -15.1 | 3.6 | 58.1 |
66 | Tunisia | 3 | 8,200 | -5.3 | 10.5 | 53 |
67 | Panama | 2.4 | 12,100 | -9.4 | 3.4 | 44.7 |
68 | Mongolia | -1 | 3,100 | -5.4 | 3 | NA |
69 | Dominican Republic | 2.5 | 8,300 | -5 | 9.7 | 42.4 |
70 | Costa Rica | -1.5 | 10,900 | -2.1 | 4.3 | 45.1 |
71 | Jamaica | -2.8 | 8,400 | -6.5 | 2.8 | 124.5 |
72 | Kazakhstan | 1 | 11,800 | -3.2 | 15.4 | 14.2 |
73 | Madagascar | -1 | 1,000 | -8.7 | 20.7 | NA |
74 | Indonesia | 4.5 | 4,000 | 2 | 240.3 | 27.4 |
75 | Ghana | 3.5 | 1,500 | -9.3 | 23.9 | 55.2 |
76 | El Salvador | -3.1 | 7,200 | -1.8 | 7.2 | 52.7 |
77 | India | 7.4 | 3,100 | -2.6 | 1156.9 | 58 |
78 | Zambia | 6.3 | 1,600 | -0.8 | 11.9 | 25.5 |
79 | Azerbaijan | 9.3 | 10,400 | 23.6 | 8.2 | 5.1 |
80 | Mozambique | 6.3 | 900 | -9.4 | 21.7 | 3.7 |
81 | Serbia | -2.9 | 10,600 | -3.2 | 7.4 | 31.3 |
82 | Morocco | 4.9 | 4,700 | -3.8 | 31.3 | 55.1 |
83 | Sri Lanka | 3.5 | 4,500 | -4.1 | 21.3 | 86.7 |
84 | Egypt | 4.7 | 6,000 | -2.2 | 78.9 | 80.1 |
85 | Malawi | 7.6 | 800 | -6.1 | 15 | 39.5 |
86 | Moldova | -7.7 | 2,300 | -8.1 | 4.3 | 25.5 |
87 | Nigeria | 6.1 | 2,300 | 5.8 | 149.2 | 14.3 |
88 | Paraguay | -3.4 | 4,600 | -0.8 | 7 | 24 |
89 | Guatemala | 0.6 | 5,100 | -1.7 | 13.3 | 27.4 |
90 | China | 9.1 | 6,600 | 6.1 | 1338.6 | 16.9 |
91 | Philippines | 0.9 | 3,300 | 5.3 | 98 | 58.7 |
92 | Pakistan | 4.2 | 2,500 | -1.7 | 174.6 | 46.2 |
93 | Argentina | -2.8 | 13,400 | 3.6 | 40.9 | 48.6 |
94 | Guyana | 2.3 | 6,500 | -7.6 | 0.8 | NA |
95 | Kenya | 2.6 | 1,600 | -4.8 | 39 | 66.7 |
96 | Armenia | -14.4 | 5,500 | -15.2 | 3 | NA |
97 | Russia | -7.9 | 15,100 | 3.9 | 140 | 6.3 |
98 | Ukraine | -15 | 6,300 | -1.5 | 45.7 | 30 |
99 | Senegal | 1.7 | 1,600 | -10.6 | 13.7 | 29.8 |
100 | Bosnia and Herzegovina | -3.4 | 6,400 | -7.5 | 4.6 | 44 |