World bank lists top countries to invest in

DURBAN - A World Bank report has identified four distinct factors that encourage investment into most countries.

The ranking in the best countries to invest in, is based on scores from over 6000 business decision makers on an assortment of eight equally weighted country attributes. These include corruption, dynamic,economically stable, entrepreneurial, favourable tax environment, innovative, skilled labour force and technological climates.

The four distinct categories mentioned are:

1. People

2. Environment

3. Relationships

4. Framework

These categories are said to motivate potential investors to invest in a country's natural resources, markets, technologies or brands.

Here are the top 10 countries said to have the best investment climates:

1. Philippines

Phillipines Photo: Facebook

Population: 103,3 million

GDP: $304,9 billion

GDP per Capita, PPP: $7739

The economy is the Philippines is flooded with millions of dollars each because the Filipinos abroad send money home. A growing tourism industry has helped the country manage a budget surplus. Although foreign investment is low, natural disasters in the country draw humanitarian aid.

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2. Indonesia

Indonesia Photo: Facebook

Population: 261,1 million

GDP: $923,3 billion

GDP per Capita PPP: $11717

Manufacturing is the largest contributor to the Indonesian economy. Some of the country's exports includepalm oil, cocoa, natural gas and crude petroleum.

3. Poland

Poland Photo: Facebook

Population: 37,9 million

GDP: $ 469,5 million

GDP per Capita PPP: $27690

The country's economy is the largest in Central Europe and was the only economy in Europe to not be affected by the recession between 2008-2009.

4. Malaysia

Malaysia Photo: Facebook

Population: 31,1 million

GDP: $296,4 million

GDP per Capita: $27292

Malaysia has an upper-middle income economy and it is a major exporter of electrical appliances, electrical parts, palm oil and natural gas.