Europe dominates this year’s global Network Readiness Index, with 16 nations featuring in the top 25 ranking, as Finland surges into third place for fir.
PH ranks 78th in best countries to start online business
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Despite the claim of the government that various efforts such as the passage of the law on Ease of Doing Business have reduced the processing time and curbed corrupt bureaucratic practices in the country, the Philippines is still way behind other countries when putting up an online venture.
This is according to a new study, which showed that the country was at the 78
th spot in the list of best countries to start an online business.
The report, conducted by the website bestaccountingsoftware.com, found that the majority of countries most suited to starting an online business are located in Europe.
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Kenya has been ranked in position 77 out of the 99 best countries to start an online business according to BestAccountingSoftware.com.
The rankings come even as e-commerce continues to grow year-on-year, with eMarketer forecasting global sales worth $6.542 trillion by 2023, accounting for 22 per cent of all retail sales (up from 14.1 per cent in 2019).
This means 2021 could be the year to start your online business.
To find out, the firm s researchers looked at 20 different categories across 99 countries.
From Gross National Income (GNI) per capita and corporate tax rates to the number of social media, internet users, and co-worker spaces by each individual country, they analysed a plethora of key areas.