NZ 1st in world for doing business

The has done its 2017 Doing Business report. It compares regulation for domestic firms in 190 economies.

The top 10 are:

  1. New Zealand 87.01
  2. Singapore 85.05
  3. Denmark 84.87
  4. Hong Kong 84.21
  5. Korea 84.07
  6. Norway 82.82
  7. UK 82.74
  8. US 82.45
  9. Sweden 82.13
  10. 81.74

The bottom five are:

  1. Somalia
  2. Eritrea
  3. Libya

NZ's ranks on individual measures was:

  • Starting a business 1st
  • Dealing with construction permits 1st
  • Registering property 1st
  • Getting credit 1st
  • Protecting minority investors 1st
  • Paying taxes 11th
  • Enforcing contracts 13th
  • Getting 34th
  • Resolving insolvency 34th
  • Trading across borders 55th

Some of this is down to specific laws, but a lot comes down to having made it easier to do more and more interaction online.