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Thailand Recognized as the Best Country in the World to Start a Business

Thailand is cited as the best country in the world to start a business, according to the 2018 Best Countries Rankings Report by the U.S News and World Report. It came 27th in the overall ranking of “Best Countries.”

The 2018 Best Countries report and rankings are based on how global perceptions define countries in terms of a number of qualitative characteristics, impressions that have the potential to drive trade, travel and investment and directly affect national economies.

The rankings were decided after 21,000 respondents were asked to evaluate 80 countries on 65 attributes, such as power, citizenship, cultural influence, and quality of life, which helped to determine each country’s success as a modern nation.

Governor of the Tourism Authority of Thailand (TAT) Yuthasak Supasorn said that Thailand has made immense progress in crafting business reforms over the past few years, due to strong government leadership at the highest levels.

With its 27th place ranking overall, he said, Thailand continues to rise against other countries globally in the ease of doing business. It is a great achievement, and the country looks forward to continuing improvement, as it helps create more jobs in the travel and tourism sectors.

Thailand ranked fourth overall in the Adventure Rankings, with the study claiming that each visitor spends an average of US$1,530 on tourism during a trip to Thailand. Other top ten accolades include placing sixth in the Movers Ranking, eighth in the Heritage Rankings, while coming in ninth in the Best Countries to Travel Alone ranking.

In the top twenty, Thailand placed 15th in the report’s Open for Business rankings, 19th in the Cultural Influence rankings, and 20th for the Best Countries for a Comfortable Retirement ranking. Rounding out the most important rankings, Thailand also came in 30th in the Quality of Life rankings.

Source: National News Bureau of Thailand (NNT) National News Bureau & Public Relations :