The inaugural ranking was compiled by U.S. News & World Report, the University of Pennsylvania's Wharton School and global brand consultants BAV Consulting.
The report ranks the 60 best countries in the world by considering 75 factors such as sustainability, adventure, cultural influence, entrepreneurship and economic influence.
Mortimer B. Zuckerman, the chairman and editor-in-chief of U.S. News said the ranking would help citizens and business leaders to have a better knowledge of the competitive business world.
"Globalization has made the world a competitive place for business, influence and the quality of life. Just as we have done with universities, hospitals and other institutions, our Best Countries portal will be a global homepage for stories and data to help citizens, business leaders and governments evaluate performance in a rapidly changing world."
The countries that made the top ten ranking are:
Germany
Canada
United Kingdom
United States
Sweden
Australia
Japan
France
Netherlands
Denmark
The highest ranked country in Africa is South Africa in 31 position followed by Morocco in 35, Egypt in 39, Tunisia in 47, Nigeria in 57 and Algeria rounding off the ranking at 60.
Nigeria's GDP was listed as $522 billion and the GDP per capita at $6,031.
Nigeria ranked very low under the category of Citizenship with the country receiving a score of zero in the trustworthy sub-category.
Nigeria however performed well in the "Open For Business" category due to cheap manufacturing cost although the country was scored a woeful 10 over ten in the corruption sub-category.
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