For the sixth time in ten years, Denmark tops the list of the best countries for business, according to Forbes Magazine.
The financial magazine evaluated 144 nations across 11 categories that included innovation, taxation and bureaucracy.
Bureaucracy to be improved
Denmark ranked first for corruption, personal freedom and monetary freedom.
The country scored highly across the board, ranking 9th for both its trade and technology sector, 10th for innovations and 11th for property rights.
The only category that Denmark did not perform so well in is bureaucracy, which the country placed 28th for.
Streamlined startup process
Forbes concluded that “Denmark is one of the most entrepreneurial countries in the world. The government streamlines the startup process with only four procedures needed to start a new business and at minimal costs. The regulatory climate is also one of the most efficient.”
Denmark was followed on the list by New Zealand, Norway, Ireland and Sweden.
The world’s biggest economy, the USA, ended up in 22nd place, while Germany ranked 18th, the UK 10th and China 94th.