The Best Country To Be A Social Entrepreneur In 2019

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This week, the Thomson Reuters Foundation in partnership with Deutsche Bank’s CSR Made For Good Global enterprise program, released a survey breaking down the best countries for social entrepreneurs to live and work in. The survey is conducted once every three years. The last study was published in 2016.

Results for the 2019 survey revealed in-depth statistics across 12 metrics detailing what it’s like to operate a social enterprise in each of the 43 top nations. The nations are ranked independently for each of the 12 metrics. A total score was also given based on insights into the country’s social, financial, and governmental support for its entrepreneurs seeking to do good. 

How The Survey Was Conducted

Thomson Reuters Foundation acquired the data by surveying 664 known experts in each of the nations on the list. The experts that participated work in a variety of fields such as social entrepreneurship, academics, investments, and policy-making. 

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Out of the 664 experts, 45% were women and 55% were men. The slight ratio differences of men to women is purely coincidental and doesn’t reflect any gender-biases during selections. Only countries with at least 12 known and verifiable experts were included on the list. Iran and Saudi Arabia were omitted from the list due to the lack of known experts in the required fields to conduct the survey. The rigorous selection of experts ensures a low margin of errors in the gathered data. 

 

The Top 10 Countries For Social Entrepreneurs of 2019

Top 10 best countries to be a social entrepreneur 2019

 

Here are the top 10 countries for social entrepreneurs according to the survey. 

1. Canada
2. Australia
3. France
4. Belgium
5. Singapore
6. Denmark
7. Netherlands
8. Finland
9. Indonesia
10. Chile

Top 10 from 2016

1. United States
2. Canada
3. United Kingdom
4. Singapore
5. Israel
6. Chile
7. South Korea
8. Hong Kong
9. Malaysia
10. France

The Best Country To Be A Social Entrepreneur In 2019

Canada

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Canada topped the list this year at #1 overall for consistently improving in almost every category. Although Canada only moved 1 rank up, this was no small achievement. In 2016, the nation ranked #2 overall with a solid lead in most categories except ease of grant funding, access to non-financial support, and ease of selling to the government. 

Since then, Canada has improved and ranked the top three for every category except attracting skilled staff and ease of selling to businesses. Despite the bitter winter, Canada scored high in terms of quality of life. It’s also the best place to grow, make a living, and find investments for your social enterprise. 

The Most Improved Nation

Australia

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Australia climbed 24 places to reach #2 this year, making it the nation with the most significant overall improvements. It also has the biggest jump in the general public’s understanding of social entrepreneurship from #41 in 2016 to #5 today. 

Since 2016, the nation has improved significantly to create a productive environment for social entrepreneurs.  It’s also done a great job garnering support from both the government and the general public. If you’re not afraid of spiders, Australia is a great place to start a technology-based social enterprise, especially for those seeking investments. 

This Year’s Biggest Upset

United-States

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The United States has always been a strong champion in supporting social entrepreneurs, as evident in the 2016 survey, where it ranked #1 overall and top 3 in almost every category. 

This year, the United States dropped from #1 to #32 overall and lagged in most categories. The country was #1 in 2016 for “Conditions are favorable for social entrepreneurs to start and grow their businesses,” however, this year it dropped to #22. The United States also declined from #3 to #41 in access to investment. 

The United States had the most significant overall drop in governmental support and came in last for women having leading roles in those organizations. 

 

This Year’s Biggest Surprise

Pakistan

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One of the three countries that made the most progress is Pakistan, leaping from #32 in 2016 to #14 overall this year. According to U.S News, Pakistan scored #73 on quality of life, making it one of the worse places to live. Yet, the nation managed to tie with Canada, Australia, and Finland at #1 for the best places to make a living.

Government support and access to non-financial assistance in Pakistan lag behind most countries. However, the nation scored exceptionally high for women in leadership positions and ease of accessing investment. 

The Best Country For Female Social Entrepreneurs

Women-Poll

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The survey also had a Women Poll where the ranking factored in women’s presence in leadership positions and gender pay differences. In that poll, Canada, Australia, and Belgium proved to be ideal destinations for female leaders.

Meanwhile, the other seven nations from the list of top 10 overall rankings didn’t make the top 10 cuts for the best country for female social entrepreneurs. Surprising entries for this list include Russia, Malaysia, and United Arab Emirates.

Best Countries To Make A Living

Make a living

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Impressively, four countries tie for #1 for earning a living while operating a social enterprise. Canada was the only winner from the previous year in this category. Finland and Australia moved up respectively seven and two ranks to tie for #1.

Pakistan, despite having limited government support and being difficult to sell to businesses and government agencies, still commands #1 for earning a living. The nation's comeback in this category is a remarkable feat given the country was ranked #30 in 2016. The improvement of livable income may be because Pakistan has become a more open market for do-good companies to sell to the general public.

This year's survey of the best countries for social-minded leaders had many surprises and even upsets. However, the ones who made the top 10 list this year showed significant and steady support for their change-makers. Additionally, the leading countries also displayed progressive development across many essential categories, such as government and social support, earning a live

 

 

 

https://poll2019.trust.org/

Government Support
Government policy supports social entrepreneurs.

 

Top 10

01 Singapore

02 South Korea

03 Canada

04 France

05 Belgium

06 Australia

07 Russia

08 Poland

09 Thailand

10 Sweden