New Zealand – rated highly​

Photo by Simon_sees from Australia

New Zealand has claimed top spot in the latest World Bank ‘Ease of Doing Business Survey’, coming in at first place over 190 other economies.

Not content to rest on its reputational laurels however, New Zealand has made big gains in other international metrics as well, topping the Global Prosperity Index, and scoring highly in both the Corruption Perceptions Index and the Global Connectivity Index.

New Zealand has been ranked first in the world in the 2016 Legatum Institute’s Global Prosperity Index, up from fourth position last year.

“This is great news following on from New Zealand’s recent number one ranking in the World Bank’s ease of doing business report, and our rank of thirteenth in the Global Competitiveness Index, up three places from last year,” said Minister for Economic Development Steven Joyce.

“This is in line with the Government’s commitment to creating the economic conditions for businesses to prosper and to create more and higher paying jobs for New Zealanders and their families.”

The 2016 Global Connectivity Index is a study that benchmarks where a country stands within its ‘journey to connectivity’. This digital transformation and connectivity journey maps a country based on its GCI and the impact GCI has on its GDP. New Zealand ranks 14th in GCI 2016, up two places from 2015.

New Zealand also continues its strong performance in the Transparency International Corruptions Perceptions Index, placing fourth internationally for perceived transparency.

Judith Graham, Result 9’s Manager: Customer Experience, says that while these surveys and ratings are a useful comparator across countries based on expected scenarios, their methodology and purpose vary greatly and therefore comparing them presents some challenge.

“For example, the World Bank Ease of Doing Business Survey is theory-based, and tests one scenario per topic in one main city for most countries, in our case Auckland. It is not a representative or statistical survey, and uses expert opinion to evaluate and compare existing rules & policy,” says Judith.

In contrast, the Result 9 Business Reference Group Survey methodology is representative of all NZ business, surveys 1,200 Businesses every six months, and includes all government effort & experiences (stress, frustration, time, delays, mistakes etc.).

“So while results like these are still great – they don’t necessarily join together. Remember the Business Reference Group Survey shows that there is still a lot of work to do to achieve our targets.”

Courtesy of MBIE: Click here to read the original article