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Morocco Ranks 79th in List of Best Countries for BusinessMonday, December 29, 2014 > 09:20:53
(Morocco World News)
Morocco was ranked 79 out of 146 countries in Forbes’ annual ranking of the Best Countries for Business.
The kingdom was ranked first in the Maghreb region ahead of Tunisia (87th position) and Algeria (137thposition), while Libya landed in the 144th position.
The Forbes countries grades countries on 11 different metrics, including property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.
Morocco was also ranked in the 8th position in Africa, preceded by Mauritius, South Africa, Botswana, Zambia, Namibia, Rwanda and Cap Verde.
Europe dominates the top 25 with more than 70% of the entries. European countries score well on trade and personal freedom as well as innovation and corruption.
In 2014, Denmark returns to the top spot, where it ranked three straight years between 2008 and 2010.
Hong Kong came in second place, followed by New Zealand, Ireland, Sweden, Canada, Norway, Singapore, Switzerland and Finland.
The United States ranks No.18 in 2014, down four spots from 2013. According to the ranking, it is the fifth year of declines for the world’s largest economy.
African nations make up 60% of the bottom 10 with high levels of corruption, red tape and taxes registering as major issues.
Guinea, which is at the center of the Ebola breakout, was ranked last at No.146.