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World Best Countries

World Best Countries - Whenever you have discussion about best countries in the world, first you have to check Gross Domestic Product (GDP) value. World Best Countries GDP is the key element to determine the countries best economic performance.  

US News and World Report performed the World Best Countries for 2017 ranking. The rankings have been determined by using evaluating 80 countries 60 more than last year across a number of criteria, from power and economic impact to citizenship and excellent  existence, to capture how countries are perceived on a global scale. The survey of greater than 21,000 commercial enterprise leaders, informed elites and well known citizens across the globe was carried out after the USA presidential election.

World Best Countries Ranking Bench Marks:

The top eighty nations inside the 2017 great and best country rankings needed to meet FOUR KEY BENCHMARKS within the two years for which records are available to be assessed in survey and covered within the ranking:

Bench Mark-I:

Top best countries in the world, in terms of GROSS DOMESTIC PRODUCT in year 2015 or 2014; it is based on WORLD BANK DATA

Bench Mark-II:

Top best countries in the globe in the UN'S HUMAN DEVELOPMENT INDEX, based on the 2015 or 2014 report

Bench Mark-III:

Top best countries in the whole world in terms of FOREIGN DIRECT INVESTMENT inflows in 2014 or 2013, based on UNITED NATIONS DATA

Bench Mark-IV:

Top best countries in global in terms of INTERNATIONAL TOURISM RECEIPTS in 2014 or international tourism arrivals in 2013, based on WORLD BANK DATA. This is a change from the 2016 edition in which countries were required to reach the all four benchmarks in the single most recent year for which data were available to be included in the ranking. Those countries that did not reach all four of these benchmarks and those countries that did not report these statistics were not included. Collectively, the 80 countries in the report account for about 95 % of global gross domestic product and represent more than 80 % of the World’s population. They span the globe, covering Africa, Asia, Central America, Eurasia, Europe, the Middle East, North America, Oceania and South America.

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World best countries

World Best Countries Ranking Process For Year 2017:

The report on the Best Countries for the year 2017and the rankings are based totally on how worldwide perceptions define nations in phrases of a number of qualitative characteristics, impressions that have the ability to drive trade, travel, funding and without delay affecting national economies.

The study and model used to score and rank countries were developed by Y&R’s BAV Consulting, specifically John Gerzema and Anna Blender, and The Wharton School of the University of Pennsylvania, specifically Professor David J. Reibstein, in consultation with US News and World Report. A set of 65 country attributes  phrases that may be used to explain a rustic and which might be also relevant to the achievement of a modern-day country  had been identified. Attributes by nation had been provided in a survey of more than 21,000 business people from across the globe. Individuals assessed how closely they associated an attribute with a nation.

Each country was scored on each of the 65 country attributes based on a collection of individual survey responses. The more a country was perceived to exemplify a certain characteristic in relation to the average, the higher that country’s attribute score and vice versa. These scores were normalized to account for outliers and transformed into a scale that could be compared across the board.

World Best Countries - Attributes:

Key attributes were grouped into nine sub rankings that rolled into the Best Countries ranking. Those nine attributes are, Adventure, Citizenship, Cultural Influence, Entrepreneurship, Heritage, and Movers, Open for Business, Power and Quality of Life.

  1. Adventure (3.24 percent):

Friendly, Fun, Pleasant climate, Scenic, Sexy

World best countries

  1. Citizenship (16.95 percent):

Cares about human rights, Cares about the environment, Gender equality, Progressive, Religious freedom, Respects property rights, Trustworthy, Well-distributed political power

  1. Cultural Influence (12.93 percent):

Culturally significant in terms of entertainment, Fashionable, Happy, Influential culture, Modern, Prestigious, Trendy

  1. Entrepreneurship (17.42 percent):

Connection with the rest of the world, Educated population, Entrepreneurial, Innovative, Provides easy access to capital, Skilled labor force, Technological expertise, Transparent business practices, Well-developed infrastructure, Well-developed legal framework

  1. Heritage (3.17 percent):

Culturally accessible, Rich history, Great food, Cultural attractions

  1. Movers (10.00 percent):

Different, Distinctive, Dynamic, Unique

  1. Open For Business (11.99 percent):

Bureaucratic, Cheap manufacturing costs, Corrupt, Favorable tax environment, Transparent government practices

       8. Power (7.42 percent):

Leader, Economically influential, Politically influential, Strong international alliances, Strong military

       9. Quality Of Life (16.89 percent):

Good job market, Affordable, Economically stable, Family friendly, Income equality, Politically stable, Safe, Well-developed public education system, Well-developed public health system.

  • These thematic sub rankings were formed by grouping country attributes that had similar global trends in survey responses. Sub ranking scores for each country were determined by averaging the scores that country received in each of the attributes comprising that sub ranking.
  • To determine the weight each sub ranking score had in the overall Best Countries score, each was correlated to 2014 gross domestic product purchasing power parity per capita, a measure of inclusive prosperity, as reported by the International Monetary Fund (IMF). Sub rankings that demonstrated a stronger relationship with the wealth metric were weighted more heavily, and all weights were standardized to total 100. This follows the same model as the 2016 Best Country rankings.
  • The Movers sub ranking represents a version of BAV’s Brand Asset Valuator Model of Brand Building, a metric developed by BAV that is predictive of a country’s future growth in terms of gross domestic product purchasing power parity per capita. Instead of one year of data, it was correlated to predicted growth of the metric from 2014 to 2020.
  • The sub rankings, their weights in calculating the overall ranking score and the country attributes factored into each are below. The country attribute scores were equally weighted within each sub ranking. Sub ranking weights do not add up to precisely 100.00 due to rounding.
  • To arrive at a country’s rank, they are first calculated its standardized scores for each of the 65 country attributes. Each country received nine sub ranking scores by averaging its scores for the country attributes grouped into that sub ranking. A country’s overall score reflects the weighted sum of its sub ranking scores. The sub ranking and overall scores were rescaled so that the top country in each category received a value of 100, and others were calculated as a proportion of that top score. Scores were ranked in descending order.
  • Additional lists rank the countries on more specific topics, such as the Best Countries for Women and the Best Countries for Education. Groups of relevant country attribute data were used to score and rank countries for these lists, but they do not affect the overall Best Countries score or ranking.

2017 World Best Countries Rankings:

  1. SWITZERLAND (Not Previously Ranked)

GDP $701.0 billion; POPULATION 8.3 million; GDP PER CAPITA, PPP $58,647)

  1. CANADA (2 out of 60 countries in 2016)

GDP $1.8 trillion; POPULATION 35.9 million; GDP PER CAPITA, PPP $45,602)

  1. UNITED KINGDOM (3 out of 60 countries in 2016)

GDP $3.0 trillion; POPULATION 65.1 million; GDP PER CAPITA, PPP $41,499)

  1. GERMANY (1 out of 60 countries in 2016)

GDP $3.9 trillion; POPULATION 81.4 million; GDP PER CAPITA, PPP $46,974)

  1. JAPAN (7 out of 60 countries in 2016)

World Best Countries

GDP $4.6 trillion; POPULATION 127.0 million; GDP PER CAPITA, PPP $38,142)

  1. SWEDEN (5 out of 60 countries in 2016)

GDP $571.1 billion; POPULATION 9.8 million; GDP PER CAPITA, PPP $48,199)

  1. UNITED STATES (4 out of 60 countries in 2016)

GDP $17.4 trillion; POPULATION 321.4 million; GDP PER CAPITA, PPP $56,084)

  1. AUSTRALIA (6 out of 60 countries in 2016)

GDP $1.5 trillion; POPULATION 23.8 million; GDP PER CAPITA, PPP $47,644)

  1. FRANCE (8 out of 60 countries in 2016)

GDP $2.8 trillion; POPULATION 66.8 million; GDP PER CAPITA, PPP $41,476)

  1. NORWAY (Not Previously Ranked)

GDP $499.8.0 billion; POPULATION 5.2 million; GDP PER CAPITA, PPP $68,592)

  1. NETHERLANDS (9 out of 60 countries in 2016)

GDP $879.3 billion; POPULATION 16.9 million; GDP PER CAPITA, PPP $49.624)

  1. DENMARK (12 out of 60 countries in 2016)

GDP $342.4 billion; POPULATION 5.7 million; GDP PER CAPITA, PPP $45,723)

  1. FINLAND (Not Previously Ranked)

GDP $272.2 billion; POPULATION 5.5 million; GDP PER CAPITA, PPP $41,109)

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World best countries

  1. NEW ZEALAND (11 out of 60 countries in 2016)

GDP $200.0 billion; POPULATION 4.6 million; GDP PER CAPITA, PPP $36,136)

  1. SINGAPORE (15 out of 60 countries in 2016)

GDP $307.9 billion; POPULATION 5.5 million; GDP PER CAPITA, PPP $85,382)

  1. ITALY (13 out of 60 countries in 2016)

GDP $2.1 trillion; POPULATION 60.8 million; GDP PER CAPITA, PPP $5,781)

  1. LUXEMBOURG (14 out of 60 countries in 2016)

GDP $64.9 billion; POPULATION 569.7 million; GDP PER CAPITA, PPP $99,506)

  1. AUSTRIA (12 out of 60 countries in 2016)

GDP $436.9 billion; POPULATION 8.6 million; GDP PER CAPITA, PPP $46,986)

  1. SPAIN (16 out of 60 countries in 2016)

GDP $1.4 trillion; POPULATION 46.4 million; GDP PER CAPITA, PPP $34,861)

  1. CHINA (17 out of 60 countries in 2016)

World Best Countries

GDP $10.4 trillion; POPULATION 1.4 billion; GDP PER CAPITA, PPP $14,340)

  1. IRELAND (18 out of 60 countries in 2016)

GDP $250.8 billion; POPULATION 4.6 million; GDP PER CAPITA, PPP $65,806)

  1. UNITED ARAB EMIRATES

GDP $399.5 billion; POPULATION 9.2 million; GDP PER CAPITA, PPP $67,217)

  1. SOUTH KOREA (19 out of 60 countries in 2016)

GDP $1.4 trillion; POPULATION 50.6 million; GDP PER CAPITA, PPP $36,612)

  1. PORTUGAL (23 out of 60 countries in 2016)

GDP $230.1 billion; POPULATION 10.3 million; GDP PER CAPITA, PPP $27,885)

  1. INDIA (22 out of 60 countries in 2016)

GDP $2.0 trillion; POPULATION 1.3 billion; GDP PER CAPITA, PPP $6,187)

  1. THAILAND (21 out of 60 countries in 2016)

GDP $404.8 billion; POPULATION 68.0 million; GDP PER CAPITA, PPP $16,130)

  1. RUSSIA (24 out of 60 countries in 2016)

GDP $1.9 trillion; POPULATION 144.1 million; GDP PER CAPITA, PPP $25,965)

  1. BRAZIL (20 out of 60 countries in 2016)

GDP $2.3 trillion; POPULATION 207.8 million; GDP PER CAPITA, PPP $15,646)

  1. GREECE (26 out of 60 countries in 2016)

GDP $235.6 billion; POPULATION 10.8 million; GDP PER CAPITA, PPP $26,391)

  1. ISREAL (25 out of 60 countries in 2016)

GDP $305.7 billion; POPULATION 8.4 million; GDP PER CAPITA, PPP $34,054)

  1. POLAND World Best Countries

GDP $454.0 billion; POPULATION 38.0 million; GDP PER CAPITA, PPP $26,499)

  1. SOUDI AREBIA (29 out of 60 countries in 2016)

GDP $746.2 billion; POPULATION 31.5 million; GDP PER CAPITA, PPP $53,802)

  1. MEXICO (27 out of 60 countries in 2016)

GDP $1.3 trillion; POPULATION 127.0 million; GDP PER CAPITA, PPP $18,430)

  1. QATAR

GDP $210.1 billion; POPULATION 2.2 million; GDP PER CAPITA, PPP $132,870)

  1. MALAYSIA (28 out of 60 countries in 2016)

GDP $338.1 billion; POPULATION 30.3 million; GDP PER CAPITA, PPP $26,211)

  1. TURKEY (30 out of 60 countries in 2016)

GDP $798.4 billion; POPULATION 78.7 million; GDP PER CAPITA, PPP $20,420)

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World best countries

  1. CZECH REPUBLIC (38 out of 60 countries in 2016)

GDP $205.3 billion; POPULATION 10.6 million; GDP PER CAPITA, PPP $32.076)

  1. SOUTH AFRICA (31 out of 60 countries in 2016)

GDP $350.1 billion; POPULATION 55.0 million; GDP PER CAPITA, PPP $13,209)

  1. INDONESIA (42 out of 60 countries in 2016)

GDP $888.5 billion; POPULATION 257.6 million; GDP PER CAPITA, PPP $11,149)

  1. VIETNAM (32 out of 60 countries in 2016)

GDP $186.2 billion; POPULATION 91.7 million; GDP PER CAPITA, PPP $6,037)

  1. PANAMA (37 out of 60 countries in 2016) World Best Countries

GDP $46.2 billion; POPULATION 3.9 million; GDP PER CAPITA, PPP $21,809)

  1. ARGENTINA (40 out of 60 countries in 2016)

GDP $537.7 billion; POPULATION 43.4 million; GDP PER CAPITA, PPP $20,499)

  1. PHILLIPINES (33 out of 60 countries in 2016)

GDP $284.8 billion; POPULATION 100.7 million; GDP PER CAPITA, PPP $7,282)

  1. PERU (34 out of 60 countries in 2016)

GDP $202.6 billion; POPULATION 31.4 million; GDP PER CAPITA, PPP $12,518)

  1. EGYPT (39 out of 60 countries in 2016)

GDP $286.5 billion; POPULATION 91.5 million; GDP PER CAPITA, PPP $11,803)

  1. HUNGARY (44 out of 60 countries in 2016)

GDP $138.3 billion; POPULATION 9.8 million; GDP PER CAPITA, PPP $26,275)

  1. COSTA RICA (36 out of 60 countries in 2016)

GDP $49.6 billion; POPULATION 4.8 million; GDP PER CAPITA, PPP $15,469)

  1. MOROCCO (35 out of 60 countries in 2016)

GDP $110.0 billion; POPULATION 34.4 million; GDP PER CAPITA, PPP $8,180)

  1. CROATIA World Best Countries

GDP $57.1 billion; POPULATION 4.2 million; GDP PER CAPITA, PPP $21,625)

  1. SRI LANKA (41 out of 60 countries in 2016)

GDP $78.8 billion; POPULATION 21.0 million; GDP PER CAPITA, PPP $10,590)

  1. DOMINICAN REPUBLIC (45 out of 60 countries in 2016)

GDP $64.1 billion; POPULATION 10.5 million; GDP PER CAPITA, PPP $15,023)

  1. CHILE (43 out of 60 countries in 2016)

GDP $258.1 billion; POPULATION 17.9 million; GDP PER CAPITA, PPP $23,507)

  1. SLOVENIA

GDP $49.5 billion; POPULATION 2.1 million; GDP PER CAPITA, PPP $30,918)

  1. URUGUAY (46 out of 60 countries in 2016)

GDP $57.5 billion; POPULATION 3.4 million; GDP PER CAPITA, PPP $21,341)

World Best Countries

  1. ECUADOR

GDP $100.9 billion; POPULATION 16.1 million; GDP PER CAPITA, PPP $11,317)

  1. BAHRAIN

GDP $33.9 billion; POPULATION 1.4 million; GDP PER CAPITA, PPP $49,601)

  1. MYANMAR World Best Countries

GDP $64.3 billion; POPULATION 53.9 million; GDP PER CAPITA, PPP $5,480)

  1. ROMANIA (50 out of 60 countries in 2016)

GDP $199.0 billion; POPULATION 19.8 million; GDP PER CAPITA, PPP $20,872)

  1. TANZANIA

GDP $48.1 billion; POPULATION 53.5 million; GDP PER CAPITA, PPP $2,910)

  1. LATVIA

GDP $31.3 billion; POPULATION 2.0 million; GDP PER CAPITA, PPP $24,652)

  1. KENYA

GDP $60.9 billion; POPULATION 46.1 million; GDP PER CAPITA, PPP $3,218)

  1. COLOMBIA (49 out of 60 countries in 2016) World Best Countries

GDP $377.7 billion; POPULATION 48.2 million; GDP PER CAPITA, PPP $13,836)

  1. BULGARIA (48 out of 60 countries in 2016)

GDP $56.7 billion; POPULATION 7.2 million; GDP PER CAPITA, PPP $19,169)

  1. TUNISIA (47 out of 60 countries in 2016)

GDP $48.6 billion; POPULATION 11.1 million; GDP PER CAPITA, PPP $11,451)

  1. GUATEMALA (52 out of 60 countries in 2016)

GDP $58.8 billion; POPULATION 16.3 million; GDP PER CAPITA, PPP $7,759)

  1. OMAN

GDP $81.8 billion; POPULATION 4.5 million; GDP PER CAPITA, PPP $43.707)

  1. JORDAN (51 out of 60 countries in 2016) World Best Countries

GDP $35.8 billion; POPULATION 7.6 million; GDP PER CAPITA, PPP $10,902)

  1. GHANA

GDP $38.6 billion; POPULATION 27.4 million; GDP PER CAPITA, PPP $4,291)

  1. AZERBAIJAN (53 out of 60 countries in 2016)

GDP $75.2 billion; POPULATION 9.7 million; GDP PER CAPITA, PPP $18,030)

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World best countries

  1. BELARUS

GDP $76.1 billion; POPULATION 9.5 million; GDP PER CAPITA, PPP $17,715)

  1. KAZAKHSTAN (55 out of 60 countries in 2016)

GDP $217.9 billion; POPULATION 17.5 million; GDP PER CAPITA, PPP $25,912)

  1. BOLIVIA (54 out of 60 countries in 2016)

GDP $33.0 billion; POPULATION 10.7 million; GDP PER CAPITA, PPP $6,954)

  1. UKRAINE (59 out of 60 countries in 2016)

GDP $131.8 billion; POPULATION 45.2 million; GDP PER CAPITA, PPP $7,987)

  1. PAKISTAN (56 out of 60 countries in 2016)

(GDP $243.6 billion; POPULATION 188.9 million; GDP PER CAPITA, PPP $4,906)

   75. ANGOLA (Not Previously Ranked)

GDP $138.4 billion; POPULATION 25.0 million; GDP PER CAPITA, PPP $6,958)

  76. LEBENON (Not Previously Ranked)

GDP $45.7 billion; POPULATION 5.9 million; GDP PER CAPITA, PPP $18,277)

  77. NIGERIA (57 out of 60 countries in 2016)

GDP $568.5 billion; POPULATION 182.2 million; GDP PER CAPITA, PPP $6,121)

  78. ALGERIA (60 out of 60 countries in 2016)

$213.5billion; POPULATION 39.7 million; GDP PER CAPITA, PPP $14,532)

  79. IRAN(58 out of 60 countries in 2016)

GDP $425.3 billion; POPULATION 79.1 million; GDP PER CAPITA, PPP $17,346)

  80. SERBIA (Not Previously Ranked)

GDP $43.9 billion; POPULATION 7.1 million; GDP PER CAPITA, PPP $13,699)

Source: US News

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