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World Bank Says Singapore Still Tops for Doing Business

Rick Martin
Rick Martin
5:25 pm on Oct 23, 2012

The 2013 Doing Business report from the World Bank has just been published, and Singapore remains on top for the seventh straight year according to the ‘ease of doing business’ rankings. Hong Kong and New Zealand also retained their second and third rankings respectively, as did the US in fourth place.

Drilling down to notable APAC markets to compare with last year’s rankings, we can see that Taiwan jumped from 25th to 16th, credited with big improvements by a number of criteria, including ‘protecting investors.’ Japan, on the other hand, was downgraded in many areas, including ‘starting a business.’

Country 2013 2012
Singapore 1 1
Hong Kong 2 2
New Zealand 3 3
Korea, Rep. 8 9
Australia 10 11
Malaysia 12 14
Taiwan 16 25
Thailand 18 17
Japan 24 20
China 91 91
Vietnam 99 99
Indonesia 128 130
India 132 132
Philippines 138 136

If you’d like to check out the entire report, head on over to DoingBusiness.org, or view the rankings page here if you’re in the mood to digest some numbers. If you’d like the tl;dr version, I’ve included their infographic below.

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