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The Best Countries for Emerging Business

The Best Countries for Emerging Business Credit: Global network image via Shutterstock

The United States is among the top 10 countries in the world for emerging businesses, a new study finds.

Research from the accounting and consulting firm Grant Thornton LLP revealed the U.S. is the 10th best country in the world for dynamic growing businesses.

Countries were ranked on a number of factors, such as business operating environment, science and technology, labor and human capital, the financing environment and economics and growth.

"The ratings go well beyond basic GDP data," said Stephen Chipman, chief executive officer of Grant Thornton LLP. "Rather than provide a measure of an economy's success during a period of high economic turbulence, this iteration provides a true illustration of the strength of each economy as a place for dynamic businesses to flourish."

The study shows Singapore as the most promising location for business growth. Other countries in the top 10 include:

  • Finland
  • Sweden
  • Israel
  • Austria
  • Australia
  • Switzerland
  • South Korea
  • Germany
  • United States

"In comparison, U.S. business growth fundamentals are solid," Chipman said. "A strong and stable legal system, access to capital, credit and a highly skilled diverse workforce are all key drivers of business location decisions."

Nigeria, Greece and Venezuela were among the worst ranked countries for dynamic growing businesses.

The study was based on interviews with more than 400 senior executives from a broad range of countries and industries.

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Chad  Brooks
Chad Brooks

Chad Brooks is a Chicago-based freelance writer who has nearly 15 years experience in the media business. A graduate of Indiana University, he spent nearly a decade as a staff reporter for the Daily Herald in suburban Chicago, covering a wide array of topics including, local and state government, crime, the legal system and education. Following his years at the newspaper Chad worked in public relations, helping promote small businesses throughout the U.S. Follow him on Twitter.