Guinea-Bissau and Angola among the 5 worst countries for doing business

11 December 2013

Guinea-Bissau is last on the list of the 145 best and worst countries for doing business drawn up by the American magazine Forbes, while Angola also ranks among the bottom five.

The list presented for the eighth year in a row by Forbes was prepared based on 11 indicators put forward by institutions such as Freedom House, the Heritage Foundation, Transparency International and the World Bank. It places six European countries among the ten first-ranked countries, notably Ireland, which had never before reached the top of the list. Seven African countries are ranked among the ten worst.

The worst country from the standpoint of investors is Guinea-Bissau, followed by Chad and Myanmar, with Angola ranked 141st of the 145 countries analysed.

The indicators used to compile the list property rights, innovation, taxes, technology, corruption, personal freedom, trade, red tape, investor protection and stock market performance

Portugal is 20th on the list ranking the 145 best countries for doing business. Ireland, New Zealand and Hong Kong occupy the first three places, while Cape Verde ranks 71st and Mozambique 101st. (macauhub)