The best countries to invest in 2023
Table of contents
There are certain trade-offs in investing in different countries. Investing in countries that are at lower stages of development is risky, but the returns are much higher than in developed countries due to relative uncertainty but a lot of room for development. Here are the best countries to invest in abroad
For many entrepreneurs, investing abroad is a bold decision, but it can open up a world of opportunities, as you can get a wide range of benefits, including access to new markets and risk diversification, not to mention attractive tax advantages.
Globalization has made investments in foreign countries more accessible and popular. However, to get the maximum profit, it is necessary to choose the right country for investments. When analyzing the markets, it is necessary to take into account such important factors as economic stability, political situation and growth potential.
The ranking of the best countries for investment abroad in 2023 follows.
USA
The United States of America is considered the best country to invest in because of its strong economy and business-friendly environment. The country offers many investment opportunities in a number of sectors.
The economic advantages of the United States include: a diverse mix of industries, which means more opportunities for investors; highly qualified workforce; low unemployment and high consumer confidence.
The US has a stable political situation with a democratic system of government and a rule of law that protects property rights and encourages innovation.
The average return on the stock market is about 10% per year, but this average rate is reduced by 2-3% due to inflation.
The best cities for real estate investment in the USA by link.
- GDP: 25.5 trillion dollars
- Population: 333 million
- GDP per capita: $76,399
Singapore
Many investors in the world love Singapore and consider it one of the most promising investment destinations. The city-state is recognized as the smartest city in the world.
Economic stability in Singapore is supported by a strong financial system, low unemployment, high GDP per capita and attractive tax incentives.
Singapore has a stable political climate, low levels of corruption and strong government policies that support business development and encourage foreign investment.
Singapore ranks highly on nearly every investment metric, ranking first in the Economic Freedom Index, second in the Ease of Doing Business Index, and fifth in the Composite Logistics Efficiency Index, which indicates the strength of its infrastructure.
The real estate industry is one of the most successful sectors in Singapore.
- GDP: 467 billion dollars;
- Population: 5.64 million;
- GDP per capita: $127,565.
China
With its strong market, rapidly growing economy and favorable political system, China is another top destination for foreign investment.
Economic stability in the state is supported by a competent state policy, market-oriented reforms and a strong financial sector.
Favorable economic factors include: high GDP growth rates, large foreign exchange reserves, low inflation and interest rates, strong manufacturing and technology sectors, increased consumption and service industries.
Since 1978, China's GDP growth has averaged about 10% per year.
The policy of the People's Republic of China is also aimed at attracting foreign investments, in particular: strengthening the protection of intellectual property rights, streamlining business rules, and an anti-corruption campaign to increase transparency.
The country's technological progress, infrastructure development and access to global supply chains further increase its attractiveness as an investment destination.
- GDP: 18.0 trillion dollars;
- Population: 1.41 billion;
- GDP per capita: 21,476 USD.
Canada
With a stable economy, skilled workforce, business-friendly environment and natural resources, Canada is one of the best investment destinations in the world.
Economic stability in Canada is supported by a well-diversified economy, low inflation, a strong financial system and attractive tax incentives.
The country can also boast of a strong state policy and a low level of corruption, which supports business development and foreign investment.
The average return on Canadian stocks is in the range of 6.0% to 7.5%, and the average return for long-term fixed income investments is in the range of 3.0% to 3.5%.
- GDP: 2.14 trillion dollars;
- Population: 38.9 million;
- GDP per capita: $58,400.
Turkey
Turkey has been an attractive destination for foreign investors for many years. In 2021, the state took first place among European countries in terms of the number of direct foreign investments. In December 2022, 33.2% of Turkey's nominal GDP was accounted for by investments from abroad. In total, between 2003 and 2023, international investors have invested more than 250 billion dollars in the Turkish economy.
Turkey has a strategic location at the crossroads of Europe and Asia, which makes it the center of world trade routes. The Turkish economy is one of the fastest growing economies in the world. By its size, it is recognized as the third largest economy in Europe and the 11th largest in the world.
The Turkish government has introduced a number of economic measures to attract foreign investors - tax breaks, investment subsidies and free trade zones.
It is also possible to note the presence of a highly qualified labor force in the state.
Turkey has a well-developed transportation network with a modern highway system, an extensive railway network, and well-developed sea and air transportation.
Turkey leads the ranking of countries with the highest rate of annual housing cost growth. The nominal growth of the value of real estate in Turkey is 160%, the second place is occupied by Slovakia with an indicator of 25.5%. The rate of real growth in the cost of housing in Turkey (adjusted for inflation) is also high - 45.9%. The most significant increase in prices is observed in Istanbul and on the coast of the Mediterranean Sea (Alania, Antalya).
Most investors prefer to buy business-class apartments, because such an investment is a good option, both for living and for investments.
Income from real estate rental is up to 8% per annum.
- GDP: 906 billion dollars;
- Population: 85.3 million;
- GDP per capita: 37,274 USD.
UAE
The development of the investment attractiveness of the United Arab Emirates is facilitated by the country's strategic location, as well as a stable economy and government programs to support investors.
The state leadership is actively working to diversify the economy and reduce dependence on oil. Thanks to this, the sectors of tourism, IT technologies and alternative sources of energy are actively developing in the UAE. The country also has a strong currency and low inflation.
A significant percentage of investors prefer to invest in real estate in the UAE, because the country has high rents and a low level of taxation. In the first quarter of 2023, 36,946 deals were registered (43.2% more than in 2022). Investors looking to buy property in Dubai can expect a return on investment of 5-6% for turnkey properties.
- GDP: 508 billion dollars;
- Population: 9.44 million;
- GDP per capita: 87,729 USD.
Thailand
Thailand has one of the strongest economies in Southeast Asia, which is well diversified and has strong export industries. Low rates of inflation are also observed in Thailand.
State policy promotes business support.
Thailand offers many good reasons to invest in the country's economy, in particular in real estate:
1. There is no property tax and no inheritance tax.
2. Real estate prices in Thailand are very attractive, the country also has a high rental yield.
Net investment returns of 6 to 8% and real estate appreciation of 5% to 10% per year, depending on location.
- GDP: 495 billion dollars;
- Population: 71.7 million;
- GDP per capita: 20,672 US dollars.
India
India is an excellent destination for foreign investment due to its large market, skilled workforce and improved business environment.
The state's economy consistently leads the rankings of the world's fastest-growing major economies. India also has large foreign exchange reserves and a strong banking system.
The legal system in the country is democratic. Government policies and initiatives are aimed at supporting business like Make in India, Digital India etc. Also, the rules and procedures of doing business are being simplified in the country.
- GDP: 3.39 trillion dollars;
- Population: 1.42 billion;
- GDP per capita: 8,379 USD.
Bali (Indonesia)
The economy of Indonesia is actively developing, now the country ranks 7th in the world, it is planned that by 2030 it will become the fourth. Also, Indonesia is among the top 5 countries in the world in terms of population, 280 million people live here, of which 52 million are representatives of the middle class.
The local currency, the rupee, is quite stable, the maximum fluctuation against the dollar since 2016 was 13%. The inflation rate in the country varies between 3-5.5%. Also a significant advantage is that in Indonesia it is possible to legally convert cryptocurrency and fiat money online and in branches of official crypto exchanges.
Indonesia has a stable political situation. The state maintains neutrality in world political issues, focusing on economic development. The President of Indonesia is the most popular democratic leader in the world.
Investing in Indonesia's economy is as safe as possible, because in the category "Investor Protection" Indonesia ranks 10th in the world.
Bali is an Indonesian island that is simultaneously recognized as the most desirable destination in the world according to Booking, the best tourist destination according to Tripadvisor and the top region for investment attractiveness according to Forbes.
Foreigners can invest in Bali's economy without having Indonesian citizenship, and there are no mandatory residence requirements.
Most investors prefer to buy real estate in Bali, because it has one of the highest returns in the world: an average of 15% per year, without taking into account the increase in the cost of housing. For comparison, the average real estate yield in the world is 5%. The annual increase in real estate value is 15–20%. The cost of rent on the island increases by 15-20% per year on average.
A profitable investment option in Bali is the purchase of premium-class apartments. The price of apartments starts at $135,000. Taxes are included in the price of the unit. In addition, only 1% is paid for the notarization of the contract.
- GDP: 301 billion dollars;
- Population: 276 million;
- GDP per capita: 14,653 USD.
Investing in foreign countries is quite popular, but choosing the right country is crucial for maximizing investment returns.
Daria Rogova, Head of Insurance at Visit World
To move, travel or work safely in a new country, you will need health insurance. You can apply for an extended policy on our website here.
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More articles on the topic:
Investing in foreign real estate: everything you need to know.
Golden rules of investing: what to look for for successful investments.
Investing in real estate during the war: how to survive in war-torn Ukraine and other parts of the world.
Hotel business in Bali: one of the best hospitality industries.
Reasons for choosing global investment: the power of international investment.
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