Ease of Doing Business
- The benchmark used for calculating the Ease of Doing business is
- A nation’s ranking on the index is based on the average of 10 sub-indices:
- Starting a business– Procedures, time, cost and minimum capital to open a new business
- Dealing with construction permits– Procedures, time and cost to build a warehouse
- Getting electricity– procedures, time and cost required for a business to obtain a permanent electricity connection for a newly constructed warehouse
- Registering property– Procedures, time and cost to register commercial real estate
- Getting credit– Strength of legal rights index, depth of credit information index
- Protecting investors– Indices on the extent of disclosure, extent of director liability and ease of shareholder suits
- Paying taxes– Number of taxes paid, hours per year spent preparing tax returns and total tax payable as share of gross profit
- Trading across borders– Number of documents, cost and time necessary to export and import
- Enforcing contracts– Procedures, time and cost to enforce a debt contract
- Resolving insolvency– The time, cost and recovery rate (%) under bankruptcy proceeding
- The Doing Business project also offers information on following datasets:
- Distance to frontier- Shows the distance of each economy to the “frontier,” which represents the highest performance observed on each of the indicators across all economies included since each indicator was included in Doing Business
- Entrepreneurship- Measures entrepreneurial activity. The data is collected directly from 130 company registrars on the number of newly registered firms over the past seven years
- Good practices- Provide insights into how governments have improved the regulatory environment in the past in the areas measured by Doing Business
- Transparency in business regulation- Data on the accessibility of regulatory information measures how easy it is to access fee schedules for 4 regulatory processes in the largest business city of an economy.
