According to a new index, devised by the US magazine Foreign Policy to measure investment attractiveness, Estonia ranks 12th in the world and first in Europe.

The Baseline Profitability Index takes into account asset growth, preservation of said assets and the ease of bringing home proceeds, the magazine said on its website Monday.

Estonia is the highest-ranked European country, at 22nd for asset growth, 28th for preservation of value and 44th in the repatriation of capital. The overall score of 1.1 ties Estonia for 12th with Sri Lanka.

Hong Kong leads the table with a BPI score of 1.23, followed by Botswana, Taiwan, Singapore and Rwanda.

Neighbors Finland, Latvia and Russia are all below Estonia, scoring 0.99 (50th), 1.05 (27th) and 0.84 (98th) respectively.

Venezuela, Angola and Pakistan are at the bottom of the 102-nation list.