NZ tops Forbes list of best countries for business

New Zealand has topped Forbes annual list of the best countries for business.

We're up from number two last year, the US magazine says, "Thanks to a transparent and stable business climate that encourages entrepreneurship. New Zealand is the smallest economy in our top 10 at $US162 billion, but it ranks first in four of the 11 metrics we examined, including personal freedom and investor protection, as well as a lack of red tape and corruption.

Forbes adds,  "New Zealand’s economy is closely tied to Australia’s, and both held up better than most during the global financial crisis. The downside to the resilience of its economy is that the New Zealand dollar has appreciated, making the country’s agricultural exports more expensive. The higher prices have helped to push up unemployment to 7.3% - the highest level since 1999.

"New Zealand cut its corporate tax rate from 30% to 28% last year and eliminated certain deductions, making the cut fiscally neutral. Investors have prospered, with the country’s benchmark stock index, the NZX 50, up 24% over the past 12 months."

Australia came in 11th - which would be satisfying if real life business success could be measured in Forbes lists rather rather than real-life economic success.

Forbes Top 12 countries for business (all $ figures USD)

#1 New Zealand
GDP: $162 billion
GDP per capita: $39,300
Public debt as % of GDP: 36%

#2 Denmark
GDP: $333 billion
GDP per capita: $59,684
Public debt as % of GDP: 44%

#3 Hong Kong
GDP: $244 billion
GDP per capita: $34,457
Public debt as % of GDP: 30%

#4 Singapore
GDP: $240 billion
GDP per capita: $46,241
Public debt as % of GDP: 118%

#5 Canada
GDP: $1.7 trillion
GDP per capita: $50,345
Public debt as % of GDP: 87%

#6 Ireland
GDP: $217 billion
GDP per capita: $48,423
Public debt as % of GDP: 105%

#7 Sweden
GDP: $538 billion
GDP per capita: $56,927
Public debt as % of GDP: 38%

#8 Norway
GDP: $486 billion
GDP per capita: $98,102
Public debt as % of GDP: 58%

#9 Finland
GDP: $266 billion
GDP per capita: $49,391
Public debt as % of GDP: 49%

#10 United Kingdom
GDP: $2.4 trillion
GDP per capita: $38,818
Public debt as % of GDP: 86%

#11 Australia
GDP: $1.4 trillion
GDP per capita: $60,642
Public debt as % of GDP: 27%

#12 United States
GDP: $15.1 trillion
GDP per capita: $48,442
Public debt as % of GDP: 68%

See Forbes full list here.

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Excellent timing:

Ross collected $30m in fees, giant ponzi scheme suspected.

http://www.nbr.co.nz/article/ross-collected-30m-fees-giant-ponzi-scheme-...

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These analyses forever conflate the ease of setting up a business with the ease of running a profitable business. Our small scale and remoteness are major adverse factors never considered.

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Norway GDP per capita = $98k (251% of NZ). Ever seen a better case to allow exploration for oil?

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I am just in the process of setting up an Australia company - I must say setting up a company in NZ is easier and much cheaper.

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WAKE UP KIWIS :- Add up all debt sectors of the United Kingdom and its well over 1000% GDP.....one question is that sustainable? you dumb National/ Labour voters. vote Green!

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If the only point that you have is to "vote green" it is no wonder you wish to remain anonymous.

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voting green is a vote for communism.

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As usual norway,sweden, denmark performing well for small countries, this isnt based on oil but having high value technology businesses. Selling IP has far greater value than a % cut of mineral resources that will decimate huge swathes of the landscape leaving future generation to clear up the mess

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also looks like Forbes hasn't learnt to look-through the waffle and understand the level of curruption ingrained in nz

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The global financial crisis was / is deliberately constructed by the federal reserve and the corporatocracy. if we are #1, that translates to #1 best to exploit for the gain of the multinational corporatocracy and that is not a good thing. We are in the way of oil and if we try to resist, we will pay the price. All the profits will go overseas and we will be left with a huge debt. This report is rarked up and is the beginning of exploitation and the destruction of the NZ environment. There is no more communism - neither is there any more democracy nor right-left political dichotomy. There is only the corporatocracy backed by the financial/media/governmental/industrial military complex.

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NZ Market Snapshot

Forex

Sym Price Change
USD 0.7812 -0.0038 -0.48%
AUD 0.9150 0.0015 0.16%
EUR 0.6261 -0.0064 -1.01%
GBP 0.4973 -0.0036 -0.72%
HKD 6.0575 -0.0317 -0.52%
JPY 92.0030 -1.1400 -1.22%

Commods

Commodity Price Change Time
Gold Index 1197.1 1.400 2014-11-25T00:
Oil Brent 80.2 1.630 2014-11-24T00:
Oil Nymex 74.1 -1.660 2014-11-25T00:
Silver Index 16.6 0.170 2014-11-25T00:

Indices

Symbol Open High Last %
NZX 50 5442.7 5459.9 5442.7 0.19%
NASDAQ 4762.4 4774.5 4754.9 0.07%
DAX 9790.0 9921.5 9785.5 0.77%
DJI 17819.0 17854.7 17817.9 -0.02%
FTSE 6729.8 6750.9 6729.8 0.02%
HKSE 23841.2 23935.1 23893.1 -0.21%
NI225 17490.4 17490.4 17357.5 0.29%