Singapore has been crowned as the best country in the world to invest in or do business for 2020, according to the CeoWorld magazine.
Ranked number one among 80 countries, the island city state continues to be the most attractive destination for investors and businesspeople.
The rankings were based on 11 different factors including corruption, freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, quality of life, red tape, and technological readiness. Each category was equally weighted.
Singapore scored particularly highly in the Economic Stability, Institutional Framework and Education and Research factors.
The United Kingdom took silver, followed by Poland (third), Indonesia (fourth), and India (fifth).
At the other end of the table, Iran was found to be the worst country to invest in, while Saint Lucia (seventy-ninth) and Dominica (Seventy-eighth) also scored poorly.
Best countries to invest in
- Czech Republic
Article published 18th February 2020