Business Dynamics

In 2022, Vietnam's business environment enjoyed a large working-age population and political stability. Vietnam is emerging as a tech and electronics export hub, with machinery and electronics accounting for a significant portion of its GDP. However,…

This report assesses the business environment in Uzbekistan, focusing on the regulatory environment, stability of the financial system, FDI intake, labour market flexibility and skillset, trade openness, mobility infrastructure, ICT adoption and…

This report assesses the business environment in Uruguay, focusing on the regulatory environment, stability of the financial system, FDI intake, labour market flexibility and skillset, trade openness, mobility infrastructure, ICT adoption and…

The United Arab Emirates performs well in terms of economic freedom in the Middle East and Africa as well as by global comparison, owing to strong economic growth, a rapid rate of business sector liberalisation, government support for SMEs, developed…

Uganda’s economic environment remains not free, due to corruption, which hampers business operations, and poor government management of infrastructure projects, hindering progress, despite foreign investment aimed at improving the country’s…

This report assesses the business environment in Turkmenistan, focusing on the regulatory environment, stability of the financial system, FDI intake, labour market flexibility and skillset, trade openness, mobility infrastructure, ICT adoption and…

Turkey continues to rank relatively low in terms of economic freedom as starting and operating a business remain difficult in the country. The lack of macroeconomic stability, a depreciating currency, shortages of skilled workers and lower innovation…

This report assesses the business environment in Tunisia, focusing on the regulatory environment, stability of the financial system, FDI intake, labour market flexibility and skillset, trade openness, mobility infrastructure, ICT adoption and…

With its highly developed ICT sector, favourable investment environment, developed infrastructure and healthy finance sector, the US ranks among the top countries in terms of economic freedom globally. During 2022, the government’s initiatives to…

The UK continues to boast among the most favourable business environments globally, supported by a stable economy, advanced infrastructure and a skilled workforce. While the UK’s medium-sized enterprises are set to benefit from reduced regulatory and…

In 2022, the Philippines struggled with monetary freedom and judicial effectiveness, and has seen a decline in its tax burden ranking. However, the country’s flexible business regulations, convenient location and financial sector improvements have…

The Netherlands has a highly developed economy, with a competitive business environment and a stable financial sector. The quality of the country’s judicial system is among the highest in the world, and political corruption is not tolerated. The…

In 2022, the Czech Republic had a business-friendly environment, with efficient banking and a free trade policy, allowing for easy access to financing and few barriers to the import and export of goods and services. The country has a high FDI…

Thailand still holds appeal as a desirable location for less value-added industries, such as agriculture and manufacturing, due to its advantageous labour costs and supportive FDI policies. In addition, Thailand is increasing investments into its…

Tanzania’s operational and regulatory environment faces difficulties, due to the weak rule of law, resulting in an economy lacking freedom. Although the investment environment has improved, there are still constraints, and the country ranks low…

Taiwan secured a place among the top 10 countries globally in the 2021 Index of Economic Freedom Ranking, riding on its major strengths of a highly skilled workforce, a robust financial system, sound investment incentives, and a well-established…

In 2022, Sweden maintained high business freedom and an attractive investment climate, placing it among the best locations to conduct business. Strong infrastructure and a high digitalisation level, along with supportive tax policies for R&D…

The Spanish business environment is globally recognised as one of the most appealing, thanks to its membership in the European Single Market that grants Spanish businesses access to a vast and diversified customer base, as well as the absence of…

South Korea’s business environment remains attractive to foreign investors, due to its efficient government regulation and world-class infrastructure, as well as its high capacity for innovation and ICT adoption, which continues to improve on the…

South Africa continues to rank in the bottom half of the Economic Freedom Index, due to the high tax burden, skills shortages and poor fiscal health. However, the country benefits from a stable and sound financial system, high market capitalisation,…