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Ethiopia ranks 135th from the world and 36th in Africa on the Forbes 2015 ranking of 144 Best Countries for Business in the world. The ranking covers 40 countries in Africa.
Ethiopia is ranked ahead of nine countries. The list includes Yemen, Algeria, Venezuela, Gambia and Myanmar. The rest and last four are Haiti, Libya, Guinea and Chad.
African countries leading the ranking are Mauritius, South Africa, Morocco, Botswana, Cape Verde, Rwanda and Zambia.
Forbes has not stated the details and criteria for the ranking, it simply posts indicators like population, GDP growth rates, GDP per capita and trade balance to GDP.
Ethiopia’s GDP growth is put at 10.3 percent, GDP per capita is USD 1,600, trade balance to GDP, -8.8 percent and the population is 99.5 million.
Kenya is ranked at 108th in the world and 19th in Africa with a population of 45.9 million. The country’s GDP growth is put at 5.3 percent, its GDP per capita is USD 3,100 and trade balance to GDP is -10.1 percent. Neighboring countries like Djibouti, Eritrea and Sudan are not included in the ranking.
At the bottom of the ranking is Chad. Having a population of 11.6 million, Chad has a GDP growth of 6.9 percent, a GDP per capita of USD 2,600 and trade balance to GDP of -7.8 percent.
With a population of 1.3 million, Mauritius is the number one country in Africa on the ranking. It has a GDP per capita of USD 18,700, a trade balance to GDP of -5.5 percent and GDP growth of 3.6 percent.
Despite a sluggish economy, Europe dominates the top of FORBES’ annual ranking of the finest countries for capitalism—with Scandinavia as a particular stand-out. European countries represent two-thirds of the top 25 with Denmark repeating in the lead position of the Best Countries for Business.
The ranking has Denmark with a population of 5.6 million at number one, with 1.1 percent GDP growth, USD 44,600 GDP per capita and trade balance to GDP of 6.3 percent.