Switzerland falls behind in the country ranking
Switzerland only ranks fourth in the US News & World Report's Best Countries Report this year. Last year it was still at the top of the ranking of the best countries. In terms of openness to companies, it continues to be number one.
The Best Countries Report was published for the sixth time this year. It rates 78 nations across a range of categories, including economic impact, education, and quality of life. It is produced by US News & World Report in collaboration with the BAV Group and the Wharton School of the University of Pennsylvania .
Last year, the ranking was still headed by Switzerland. This year, however, the country has dropped three places to fourth. Canada now takes the top spot. Both Japan (second place) and Germany (third place) have overtaken Switzerland.
However, Switzerland is still seen as the best location for companies. As the country report shows, it once again took first place in the Open for Business category this year. Above all, it scores with its low corporate taxes and the transparency of government practices.
As a location for entrepreneurship, however, Switzerland has fallen from fifth to seventh place since the previous year. In contrast, it was able to move up from seventh to fifth in terms of quality of life. In the remaining categories, Switzerland did not make it into the top seven countries this year.
