For the fifth consecutive year, US News & World Report has published its ranking of the best countries in the world where to do business and have the highest quality of life. The 65 parameters for which nations were evaluated were grouped into nine sub-categories: adventure, civic sense, cultural influence, entrepreneurship, cultural heritage, economic vitality, openness to business, power and quality of life. Each sub-category had a different weight in defining the final ranking, with entrepreneurship and quality of life as the most influential, respectively 17.87% and 16.77%.
Here are the top 17 nations in ascending order:
Highlights: great cultural influence; rich in history; huge tourism sector; significant economic growth in northern Italy.
Best subcategory: Cultural heritage (1st out of 73).
Highlights: known for its security, it is one of the richest nations in the world; it has one of the busiest ports in the world; low unemployment; expanding electronics and pharmaceutical sectors.
Best subcategory: openness to businesses (5th out of 73).
Highlights: largest world population; second largest economy in the world with the fastest growth; economic growth has reduced the number of people living in poverty.
Best subcategory: power (3rd out of 73) and economic vitality (3rd out of 73).
Highlights: international leader in education; among the most advanced nations in terms of overall quality of life, civil rights and press freedom; first nation to introduce universal suffrage; foreign trade represents a third of its GDP.
Best subcategory: civic sense (6th out of 73).
Highlights: government perceived as stable, transparent and progressive; universal health system; free higher education; high social mobility.
Best subcategory: quality of life (2nd out of 80).
Highlights: great cultural influence; rich nation with a high income; one of the major world economies; large tourism sector.
Best subcategory: cultural influence (2nd out of 80).
11) New Zealand
Highlights: denuclearized; birthplace of many famous people, including the first man to climb Everest; large investment in education; wild territories suitable for exploration.
Best subcategory: adventure (7th out of 73).
Highlights: rich nation; one of the world’s leading oil exporters; higher education free of charge; rich literary tradition.
Best subcategory: civic sense (3rd out of 73).
Highlights: reputation as a tolerant company; first nation to legalize gay marriage; world’s largest concentration of museums; 32,000 kilometers of cycle paths encourage an active life; main exporter in the agricultural sector.
Best subcategory: civic sense (4th out of 73).
Highlights: commitment to sustainability, civil rights and public administration; fair distribution of wealth; free health care and university education.
Best subcategory: civic sense (1st out of 73).
7) United States
Highlights: main world power from an economic and political point of view; great cultural influence; it hosts the best universities.
Best subcategory: power (1st out of 73).
6) United Kingdom
Highlights: major banking and tourism sectors; London is among the main international financial centers; important contributions to the arts and sciences.
Best subcategory: entrepreneurship (4th out of 73).
Highlights: high life expectancy; the main cities have high scores in terms of livability; rich nation; progressive legislation on gay marriage and the environment.
Best subcategory: quality of life (5th out of 73).
Highlights: skilled and wealthy workforce; one of the major world economies; telecommunications, health care and flourishing tourism; leader in imports and exports; birthplace of many important cultural figures.
Best subcategory: entrepreneurship (1st out of 73).
Highlights: highly literate and technologically advanced; third largest economy in the world; among the world’s leading manufacturers of cars and electronics.
Best subcategory: entrepreneurship (2nd out of 73).
Highlights: national multiculturalism policy; high standard of living; high tech industrial economy; world’s fifth largest oil producer.
Best subcategory: quality of life (1st out of 73).
Highlights: one of the richest nations in the world; strong economy with low corporate taxation; political neutrality; varied cultural tradition; high number of Nobel Prize winners.
Best subcategory: openness to businesses (2nd out of 73).