Most surveys are biased and not of much use. The ‘best’ cities, the ‘best’ countries, the ‘coolest’ enclaves….Canada is now and quite improbably ranked #1 amongst richer states in which to do business. It is still a high-tax, highly regulated political economy of course. In Canada however, unlike in Europe and America there is at the Federal level a very slow trend towards tax reform and in some cases reduction, some but not much in the way of spending restraint on certain parts of the welfare-state; and less governmental intrusion in the political economy, leaving a state which is still confiscatory and coercive but whose growth has somewhat slowed. Canada is a statist – socialist construct and one in which total Federal and local debt is 800% of GDP…. Welfare, pension, social programs and Green Tech scams still abound and grow. 45 % of the economy is directly controlled and owned by government. There is no military to speak off and the big-brained leftists and marxists represent at least half of the voting electorate – and usually the shrillest and most deranged.
The list is notable for 2 factors: 1. The smaller the country the better off it is. And 2. The demonic statist-socialist destruction of Europe and the USA make Canada and other more sane states look very good by comparsion. Caveats should abound. Do you really believe that Ireland is a great investment opportunity right now? Or that Denmark is better than say Chile? I don't. It depends on an innumerable list of factors and preferences, including inter-alia market access, labor quality, capital availability, regulatory burdens, and political stability. Lists like rules are made to be ignored.
Rank |
Name |
GDP Growth (%) |
GDP/Capita ($) |
Trade Balance as % of GDP |
Population (mil) |
|
|
1 |
Canada
|
3.1 |
39,400 |
-3.1 |
34.0 |
||
2 |
New Zealand
|
1.5 |
27,700 |
-2.3 |
4.3 |
||
3 |
Hong Kong
|
6.8 |
45,900 |
6.6 |
7.1 |
||
4 |
Ireland
|
-1.0 |
37,300 |
-0.7 |
4.7 |
||
5 |
Denmark
|
2.1 |
36,600 |
5.5 |
5.5 |
||
6 |
Singapore
|
14.5 |
62,100 |
20.8 |
4.7 |
||
7 |
5.5 |
39,100 |
6.3 |
9.1 |
|||
8 |
Norway
|
0.4 |
54,600 |
12.9 |
4.7 |
||
9 |
United Kingdom
|
1.3 |
34,800 |
-2.5 |
62.7 |
||
10 |
United States
|
2.8 |
47,200 |
-3.2 |
313.2 |
||