NZ tops World Bank’s ease-of-doing business rankings
In 2016, New Zealand overtook Singapore as the easiest place in the world to do business according to the World Bank.
The report ranks 190 countries by looking at how their regulatory environments support business. A high ease-of-doing business ranking means the regulatory environment is more conducive to starting and operating a local business.
To rank each country, the World Bank uses 10 indicators ranging from how hard it is to start a business to paying taxes and getting credit.
We rank first in the world for 5 out of the 10 business-environment indicators that are used to assign the overall rankings. Simple regulations that streamline business activity and offer strong protection of property rights contribute to New Zealand’s top ranking.
Research funded by the World Bank shows that the criteria it uses to judge a healthy business environment have a strong effect on economic growth.