NZ 1st in world for doing business

The World Bank has done its 2017 Doing Business report. It compares business 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. Macedonia 81.74

The bottom five are:

  1. Somalia
  2. Eritrea
  3. Libya
  4. Venezuela
  5. South Sudan

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 electricity 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 Government interaction online.

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