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Thailand Secures 9th Place In 2023 “Business-Friendly Countries” List: Report

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Business-Friendly Countries

(CTN NEWS) – The Royal Thai Embassy in the United States recently shared on its Facebook page that Thailand has achieved the ninth position among 87 countries in the 2023 rankings for the most business-friendly countries.

This annual ranking, referred to as the “Best Countries for Business in 2023,” is conducted by the U.S. News and World Report and takes into consideration a weighted average of five key factors: bureaucracy, low production costs, corruption levels, tax-friendly environment, and transparent government regulations.

Switzerland claims the top spot as the most business-friendly country, followed closely by Luxembourg and Finland. Conversely, at the opposite end of the spectrum, Russia is placed as the least business-friendly country, with Iran and Belarus following suit.

Most Business Friendly Countries

Top 10 Business-Friendly Countries in 2023:

  • Switzerland
  • Luxembourg
  • Finland
  • Sweden
  • Norway
  • Denmark
  • Singapore
  • Panama
  • Thailand
  • New Zealand

Least Business-Friendly Countries in 2023:

  • Russia (least business-friendly)
  • Iran
  • Belarus


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Alishba Waris is an independent journalist working for CTN News. She brings a wealth of experience and a keen eye for detail to her reporting. With a knack for uncovering the truth, Waris isn't afraid to ask tough questions and hold those in power accountable. Her writing is clear, concise, and cuts through the noise, delivering the facts readers need to stay informed. Waris's dedication to ethical journalism shines through in her hard-hitting yet fair coverage of important issues.

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