Are you an entrepreneur or do you want to create your startup? The Australian site CompareTheMarket studied the conditions linked to entrepreneurship in the largest countries in the world to draw up its ranking of the best countries for entrepreneurs.
Just like LesFurets.com (whose design is quite similar), the CompareTheMarket site supports Australians in their search for the best insurance or the least expensive gas and electricity contracts. Thanks to the large database collected around companies, the cost of living and even GDP, the platform has created its own ranking of the best countries for entrepreneurs.
Methodology for ranking the best countries for entrepreneurship
CompareTheMarket offers a whole host of tools to support businesses and collects a lot of data from different sources, including the OECD. The site has decided to highlight some of them in order to rank the best countries for entrepreneurs.
Among the data used to calculate the index which makes it possible to define which nation is the most interesting for creating a startup, we find the ratio of SMEs in relation to the number of companies present in a country, the number of active companies recording a medium or strong growth in recent months, the number of companies that have gone bankrupt, GDP per hour worked, national GDP and the rate of self-employed workers.
The three best countries to create your startup
The best countries to become an entrepreneur are not those you think! Indeed, France remains well placed (4e global position), but it is ahead of Italy, the Netherlands and Turkey. These three nations already host many startups and SMEs which represent more than 99.5% of active companies.
Italy has more than 16,000 companies in strong growth, compared to almost 21,000 for Turkey, two countries which are developing strongly economically. In addition, these are two states which are used to supporting self-employed workers who represent 22% of the active population in Italy, compared to 30% in Türkiye. For its part, the Netherlands stands out with a high GDP per hour worked ($62.70).
The least welcoming countries for entrepreneurs
Estonia, Costa Rica and Latvia find themselves at the bottom of the table. If these countries do not remain less interesting, they are still less recommended for launching your startup. Indeed, they display less interesting figures on key criteria such as the number of active companies or those which have shown good growth in recent months. In Latvia, only 12% of the working population is made up of self-employed people, a figure which may suggest that they benefit from less support than in other states such as Italy or the Netherlands.
The complete ranking of the best countries for entrepreneurs
| Rank | Country | Score |
| 1 | Italy | 7.77 |
| 2 | The Netherlands | 7.57 |
| 3 | Türkiye | 7.02 |
| 4 | France | 6.66 |
| 5 | Spain | 6.41 |
| 6 | Australia | 6.31 |
| 7 | United Kingdom | 6.21 |
| 8 | Poland | 6.06 |
| 9 | Czech Republic | 5.91 |
| 10 | Swiss | 5.86 |
| 11 | Germany | 5.75 |
| 12 | Ireland | 5.7 |
| 13 | Greece | 5.55 |
| 13 | Suede | 5.55 |
| 15 | UNITED STATES | 5.35 |
| 16 | Belgium | 5.25 |
| 17 | Portugal | 5.1 |
| 18 | Norway | 4.9 |
| 19 | Slovakia | 4.74 |
| 20 | Finland | 4.69 |
| 21 | Austria | 4.54 |
| 22 | Denmark | 4.24 |
| 23 | Israel | 4.14 |
| 24 | Iceland | 3.84 |
| 25 | Canada | 3.83 |
| 25 | New Zealand | 3.83 |
| 27 | Luxembourg | 3.79 |
| 28 | Slovenia | 3.78 |
| 29 | Lithuania | 3.53 |
| 30 | Hungary | 3.33 |
| 31 | Russia | 3.18 |
| 32 | Estonia | 2.93 |
| 33 | Costa Rica | 2.88 |
| 34 | Latvia | 2.88 |
