The most competitive countries in the world
for doing business
1.
Switzerland
The central European country comes at the top
overall due to its strong performance across all pillars
of the GTCI model, in particular showing an
excellent capacity to attract and retain talent. It lags behind in gender
equality variables, however.
2.
Singapore
The sovereign city-state in Southeast Asia ranks 1st for its business environment and ability to attract top-level global talent, with
high scores across the rest of the measures too.
3.
United Kingdom
The UK performs well across the board except
in the vocational and technical skills of its workforce. It is an attractor of
talent with good external openness, although the report notes this could change
after Brexit.
4. United States
Due largely to its leading network of
universities, the US comes second overall in the
"Growth" sub-index, which measures a
country's ability to grow talent through university courses, apprenticeships,
and other training.
5.
Sweden
Sweden excels at retaining talent, coming 4th overall in the sub-index. With
good formal education and good lifelong access to educational courses, the
country's workforce possesses a pool of vocational and technical skills, as
well as high-level business management skills.
6.
Australia
One of the top countries in terms of attracting talent from abroad (6th), Australia
has the large pool of high-level management skills necessary for a
business-competitive country. Its formal education (4th
overall) is among the best in the world.
7. Luxembourg
The
landlocked Western European country has slipped from 3rd place in 2016 to 7th this year, but remains a top country
for its ability to attract global talent. Luxembourg also excels at retaining its domestic talent (3rd
overall) thanks to its international reputation as a hub of industry and
finance.
8.
Denmark
The
Scandinavian country comes 3rd overall both for its business environment and ability to home-grow talent. Its formal education system is also among the best in the world, coming 6th overall.
9. Finland
The Northern
European state comes first overall for formal
education, ranking highly in its ability to
home-grow business talent as a result. Its business
environment also ranks highly (6th overall), led by a very strong regulatory
landscape.
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