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Forbes has ranked Finland as the world's sixth best country for business in its annual list, the Best Countries for Business.

Finland is the best country in the world in terms of individual and property rights, the second best in terms of the innovation landscape and the third best in terms of corruption, the American business magazine lists.

European countries nabbed two-thirds of the top 25 places on the ranking, with the Nordic countries being heavily represented at the top of the list.

Denmark was ranked as the world's best country for business before New Zealand, Norway, Ireland, Sweden and Finland. Finland, in turn, is followed by Singapore, the Netherlands, the United Kingdom, Hong Kong and Switzerland in the annual ranking.

Denmark, the business magazine highlights, ranked among the top 20 countries in all but one of the indicators measured, faring particularly well in individual and property rights, transparency, and corruption.

A total of 144 countries were measured across 11 indicators – including individual and property rights, taxes, technology, investor protection, innovation and stock market performance – for the tenth iteration of the Best Countries for Business. The results of this year's assessment were published on 16 December.

The list combines the results of several annual country comparisons by recognised institutions and non-governmental organisations, such as the World Bank, the World Economic Forum and Transparency International.

Forbes also calls attention to a number of businesses and persons that have contributed to the business environment in Finland. The businesses it singles out are Fiskars, Nokia, Sampo Group, Stora Enso, UPM and Wärtsilä, while its list of key persons consists of four members of the Herlin family and Antti Aarnio-Wihuri – all of whom are also included in its annual list of the world's billionaires.

The business magazine publishes a variety of lists of the world's wealthiest persons, businesses, lawmakers, places and countries every year.

Juha-Pekka Raeste – HS
Aleksi Teivainen – HT
© HELSINGIN SANOMAT

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