The 5 Best Countries To Invest In For 2017
Here we reveal the top countries to invest in this year, according to a recent survey.
Published on 29 September 2017
Which are the best countries to invest in? A 2017 survey by the Wharton School of the University of Pennsylvania and BAV Consulting aimed to answer this question.
Over 21,000 people were surveyed in four regions across the globe on which countries they thought were the best in terms of global business performance this year. Within that demographic, 6,000 business decision makers gave their opinion on which countries were the best to invest in for 2017. A total of 80 countries were ranked based on various criteria including their level of corruption, dynamism, economic stability, entrepreneurship, favourable tax environment, innovative skilled labour force, and technological expertise.
The 5 best countries might surprise you. Out of the vast sums of money invested globally each year, we were shocked to see places such as the UK and the USA not even making it into the top 10. Some notable mentions were India at number 6 (no surprise there) and Qatar at number 9 (big surprise there).
Without further ado, here are the 5 best countries to invest in for 2017:
The central European country comes in at fifth on our list with its open and free economy. The country’s population of almost 38 million is ensuring Poland’s economy continues to surge ahead, with an estimated 3% GDP growth in 2017. Poland’s main industry is manufacturing in terms of automobiles through a Volkswagen plant, as well as electronics and aerospace. Another area of interest for foreign investors is in renewable energies.
The Scandinavian country is a tech giant in Europe. The World Bank ranks it as the easiest place to do business in Europe and number three globally. Its tech scene extends to renewable resources where jobs and investment opportunities have been made available to meet its 2050 goal of only using renewable resources to power the country.
The newest country on the list reaches number three. Established in 1993, more than US$125 billion of foreign direct investment has gone into the Czech Republic. On a per capita basis, investment into the country is equal to almost 10% of all investment into Europe over the past 15 years. Its appetite for foreign investment has been assisted by the country’s 10-year corporate tax incentives.
The city-state of 5.7 million people takes the number two spot in this ranking. As usual, it punches well above its weight for a country of its size. Its low taxes, ease of doing business, and stable government have all contributed to Singapore being a business and finance hub. The government also offers many different incentives and grants to startups, especially in the tech and land use optimisation fields.
With a population that is highly educated, a finance sector that contributes to 60% of all non-local funding in Southeast Asia and a port that is annually ranked as the busiest in the world, Singapore is expected to have GDP growth in the range of 2-3% in 2017.
Malaysia claims the top spot as the best country to invest in, due largely to its strong property and tourism sectors. Although natural resources such as palm oil and natural gas are major contributors to the economy as well. Costs can be relatively low to operate a business there and the English language is widely spoken in major cities.
Malaysia provides a perfect environment for foreign companies looking to enter the region. The country also makes it easy for investors to gain the right to live there through its Malaysia My Second Home (MM2H) programme.
Out of the 100-point scale, the countries were ranked on, Malaysia finished 30 points ahead of Singapore. That’s a significant win for the Southeast Asian country.
Do you agree with the chosen best countries? Where would you put your money? They are all quite diverse in terms of size, geographic location and specialisations within their economies. If we had to choose, our list probably wouldn’t have been exactly the same, but the findings are interesting.