Switzerland has been crowned as the best country in the world, according to the 2017 Best Countries report.

It is followed by Canada, UK, Germany and Japan in the top 5 among 80 countries analysed for the report.

The study was jointly carried out by US News & World Report, Y&R’s BAV Consulting and the Wharton School of the University of Pennsylvania.

It was compiled from data gathered from a proprietary perception survey – conducted after the US presidential election – of more than 21,000 people from 36 countries in all regions of the world.

Brian Kelly, editor and chief content officer of US News said,

“We wanted to capture how tumultuous political change can affect a country’s perceived standing in the world.”

A wide range of parameters including open for business, citizenship and quality of life, entrepreneurship, up-and-coming economies, cultural influence, including best for business, citizenship, adventure tourism, education, transparency etc. were taken into account for each countries.

India which was ranked 23rd in the ranking for 2016 slipped two positions and was listed at 25 in the overall performance.

India was ranked 5th in heritage and 3rd among the countries which are up and coming economies after UAE and Singapore.

Among countries that was best to start a business, India ranked 4th, while it was listed 6th in the best countries to invest in.

Among the influential countries, India was ranked 14th, United States, Russia, China, United Kingdom and Germany made the top five.

David Reibstein, a professor of marketing at the Wharton School said, “The Best Countries project allows us to chart how global perceptions of a country affect its prosperity.”