The things that make a country unique – its people, environment, relationships, framework and teachings – create four distinct factors identified in a report by the World Bank Group that motivate an individual or corporation to invest in that country: natural resources, markets, efficiency and strategic assets like technologies or brands.
The 2020 Best Countries to Invest In ranking draws from the results of a global perception-based survey and ranks countries based on the highest scores among more than 6,000 business decision-makers on a compilation of eight equally weighted country attributes: corrupt, dynamic, economically stable, entrepreneurial, favourable tax environment, innovative, skilled labour force and technological expertise.
Here Are The Best Countries To Invest In 2020
India is the only country from 2019 remaining in this year’s top five countries to invest in, holding on to its No. 5 ranking. The land was one of the top 10 countries attracting inflows of foreign direct investment, according to a 2019 report by the U.N. The South Asian giant also is one of the world’s top spenders on research and development and is seen in the 2020 Best Countries rankings as having a comparatively skilled labour force.
In the 2020 Best Countries rankings, Indonesia has a comparatively favourable tax environment and skilled labour force. As of November 2019, several Japanese automakers have made plans to invest in Indonesia’s automotive industry. Toyota Group plans to invest $2 billion from 2019 to 2023.
The United Kingdom is the sixth country attracting the most inflow of foreign direct investment, according to a 2019 report by the U.N. Although foreign investments in the U.K. have declined in recent years, U.S. and Asian firms invested $3.7 billion in tech companies in the country in the first seven months of 2019, passing the $2.9 billion that was invested in the year of 2018.
According to survey participants, the U.K. is a country that is economically stable, entrepreneurial, innovative and has a skilled labour force and technological expertise.
Thailand takes the No. 2 positions in the 2020 Best Countries to Invest In ranking. Due to recent trade tension between the U.S. and China, several foreign investors have turned their attention to Thailand.
The Thailand Board of Investment reported that in the first nine months of 2019, the total value of FDI applications received was a 69% increase from the prior year. Of that total, 65% of the applications were led by the electronics and electrical sector, digital, and automotive sectors.
Croatia claims the No. 1 spot on the list of best countries to invest in. Business decision-makers ranked Croatia 25 positions higher than its 2019 ranking. The European country saw a foreign direct investment of more than $389 million in the first quarter of 2019.
Not only is Croatia considerably economically stable, entrepreneurial and innovative, foreign investors are also optimistic about the country’s improving business environment.