Germany – Berlin 190

Germany has the fifth largest economy in the world in PPP terms.

It’s also considered Europe’s largest economy, as is a leading exporter of machinery, vehicles, chemicals, and household equipment.

Denmark – Copenhagen 171

Featuring low levels or corruption, Denmark continues to dominate the list.

Its high levels of transparency along with a highly-skilled workforce, Denmark has an average GDP of $45,700, and a capital, which serves as an industrial hub.

Netherlands – Amsterdam 169

The Netherlands are the sixth largest economy in Europe, playing an important role as a European transportation hub. It features a constantly high trade surplus, as well stable industrial relations, and low unemployment.

Finland – Helsinki 159

Following the same “Nordic model” as Norway and Sweden, Finland has ranked fourth on the list for the best countries to start a business.

It comes highest on the index for government transparency and is one of the countries in the world with the best quality of life.

Austria – Vienna 152

Austria features a large service sector, a relatively sound industrial sector, and a small, but highly developed agricultural sector.

With its well-developed market economy, skilled labor force, and high standard of living, is considered one of the best countries for starting a business.

Spain – Madrid 152

Spain ranked sixth on the list as one of the best countries to start a business, despite its past prolonged recession in the wake of the global financial crisis in 2008.

Estonia – Tallinn 151

Estonia has a modern market-based economy and one of the higher per capita income levels in Central Europe and the Baltic region.

Although its economy is highly dependent on trade, it has pursued a free market, which have resulted in balanced budgets and low public debt.

Czech Republic – Prague 145

Boasting one of the highest GDP growth rates and lowest unemployment levels in the Europe, Czech Republic is a prosperous market economy.

It comprises about 80% of GDP which mainly consists of automobiles.

Australia – Canberra 134

Australia was relatively unaffected by the global financial crisis as its banking system remained strong and the inflation is under control.

Belgium – City of Brussels 131

Belgium has a well-diversified economy due to its central geographic location and highly developed transport network.

With a broad mix of transport, services, manufacturing, and high tech, Belgian industry focuses in the more heavily-populated region of Flanders in the north.