LONDON--(BUSINESS WIRE)--Australia, Chile, China, New Zealand and Canada are the best countries for dynamic growing businesses according to the second annual Grant Thornton Global Dynamism Index. Rounding out the top ten countries are Finland, Singapore, Israel, Sweden and Norway.

“The ratings go beyond basic GDP data”

“The ratings go beyond basic GDP data,” said Grant Thornton CEO Ed Nusbaum. “Five areas were identified as holding the key drivers to an economy’s dynamism: business operating environment, science and technology, labour and human capital, economics and growth, and the financing environment. Within these groups, there were 22 key data points that were analyzed.”

China has pulled away from its BRIC counterparts. While the Chinese economy has significantly improved its attractiveness as a place to do business, Russia, India and Brazil have fallen and face significant challenges.

Overall Rankings

1. Australia 66.5

2. Chile 64.5

3. China 62.7

4. New Zealand 62.6

5. Canada 62.3

5. Finland 62.3

7. Singapore 61.9

8. Israel 61.8

9. Sweden 61.6

10. Norway 60.9

A. Business operating environment

(Foreign trade and exchange regimes and controls; policy towards private enterprise and competition; political stability; and legal and regulatory risk)

1. Ireland 92.5

2. Canada 92.0

3. Sweden 91.9

4. Netherlands 91.8

5. Finland 91.7

6. Australia 91.1

7. Denmark 91.0

8. Luxembourg 90.4

9. Austria 89.8

9. Singapore 89.8

B. Science and technology

(Broadband subscriber lines per 100 inhabitants; growth in broadband subscriber lines; R&D as % of GDP; total IT spending growth)

1. South Korea 64.2

2. Israel 62.7

3. Finland 62.6

4. Sweden 58.8

5. Japan 58.7

6. Taiwan 55.3

7. Denmark 54.3

8. United States 53.6

9. Switzerland 53.1

10. Germany 49.9

C. Labour and human capital

(Labour productivity growth; unemployment; school life expectancy; % of population under 30.)

1. China 75.3

2. Australia 72.4

3. Thailand 69.8

4. Indonesia 69.3

5. Philippines 67.9

6. Venezuela 66.5

7. Uruguay 66.0

8. Chile 64.8

9. New Zealand 63.9

10. Peru 63.7

D. Financing environment

(Quality of overall financial regulatory system; access of firms to medium-term capital; growth in value of inward M&A deals; value of inward M&A deals; private sector credit as % of GDP; inward direct investment growth; corporate tax burden.)

1. Singapore 82.2

2. Canada 75.1

3. Chile 71.1

4. Slovenia 70.8

5. Poland 69.8

6. Finland 68.6

7. UAE 67.0

8. New Zealand 64.8

9. Israel 63.5

10. Slovak Republic 62.9

E. Economics and growth

(Real GDP growth; private consumption per head; change in $ value of stock market index.)

1. Venezuela 89.8

2. China 89.3

3. Nigeria 80.3

4. Peru 80.0

4. Philippines 80.0

6. Thailand 77.1

7. Vietnam 74.8

8. Malaysia 73.4

9. Saudi Arabia 73.3

10. Indonesia 72.8

For more information, go to www.globaldynamismindex.com.