According to a recent report by The Christian Science Monitor, the U.S. Small Business Administration (SBA) has released a ranking of the global entrepreneurial environment. In this list covering 71 countries and regions worldwide, Denmark ranks first and is considered the most suitable country for entrepreneurship, dubbed the "Land of Hope."
Canada and the United States rank second and third, respectively, while Hong Kong ranks 23rd and mainland China is ranked 40th.
The report indicates that the majority of the top-ranked countries are European nations.
It is noteworthy that currently, larger economies around the world do not seem to have an advantage in entrepreneurship. Aside from the United States making it into the "top three," Germany and France are outside the top ten, ranking 16th and 18th, respectively. Japan ranks 29th, while India, Brazil, and Russia have all fallen out of the top 50.
Small Link · Entrepreneurship and Development Index
The evaluation system used in this report by the SBA is based on the Global Entrepreneurship and Development Index, which includes three main parameters: entrepreneurial attitudes, entrepreneurial activities, and entrepreneurial aspirations.
Top 10 Global Entrepreneurial Environments
Rank Country Entrepreneurship and Development Index
1 Denmark 0.76
2 Canada 0.74
3 United States 0.72
4 Sweden 0.69
5 New Zealand 0.68
6 Ireland 0.63
7 Switzerland 0.63
8 Norway 0.62
9 Netherlands 0.62
10 Iceland 0.62
