Register for SMS Alerts
or enter your details manually below...
First Name:
Last Name:
Sorry, we couldn't find that email.
Existing users
Sorry, we couldn't find those details.
Enter Email
Sorry, we couldn't find that email.

Malta ranked first in personal freedom in business

The annual ‘Best Countries for Business 2018’ list by Forbes placed Malta 38th out of 153 countries

Tia Reljic
23 December 2017, 3:46pm
Malta – the smallest economy in the eurozone – ranked 38th out of 153 countries in a list by Forbes ranking business friendliness. 

The list, which was compiled at the end of every year for the past 12 years, took 15 different indicators into consideration when being drawn up. 

A number of different reports, such as the World Bank’s Doing Business Report and the World Economic Forum’s annual Global Competitiveness report, provided the basis for the different categories by which the countries were rated. 

Specifically, Malta ranked 1st in personal freedom, 17th in trade freedom, 35th in monetary freedom, 29th in property rights, 38th in innovation, 22nd in technology, 87th in red tape, 49th in investor protection, 40th in corruption, and 64th in tax burden. Malta showed significant GDP growth of 5.5%, among the highest in Europe.

However, according to the ranking, there has been substantial improvement in red tape, but substantial deterioration in investor protection and tax burden. 

The top five best countries on the list are United Kingdom, New Zealand, and the Netherlands, Sweden, and Canada, while the bottom worst ranked are Libya, Afghanistan, Haiti, Gambia, and Chad.

The United Kingdom topped the list for the first time – up from fifth place last year.

Tia Reljic joined MaltaToday in 2017
Latest Business News
Business Comment 15-01
Markets roundup, new pickup truck for Ford and Fiat’s plans to increase profits by 2022 
Business Comment 12-01
European markets overview, BMW to set up in Russia and oil on the rise 
Technology 12-01
Facebook will prioritize 'meaningful social interactions' over 'relevant content' on its News Feed in the coming w...
Law Report 12-01
Although a claim listed in an application may be unclear, other premises mentioned in the same application may throw light on what is being ...
Business Comment 11-01
Investors taking profits, Ferrero buying Nestle & Kodak diving into blockchain