Euro area - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Euro area was 3.33 as of 2020. Its highest value over the past 14 years was 3.48 in 2019, while its lowest value was 2.57 in 2009.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 2.90
2007 3.12
2008 2.83
2009 2.57
2010 2.74
2011 2.73
2012 2.68
2013 2.76
2014 2.79
2015 2.88
2016 3.05
2017 3.16
2018 3.28
2019 3.48
2020 3.33

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2020 41.98

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2020 0.238

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2020 22.68

Time required to get electricity (days)

The value for Time required to get electricity (days) in Euro area was 78.68 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 108.78 in 2010 and a minimum value of 78.68 in 2019.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2009 108.78
2010 108.78
2011 107.37
2012 107.32
2013 105.84
2014 92.95
2015 85.42
2016 83.95
2017 81.37
2018 78.84
2019 78.68

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2002 50.77
2005 32.58

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2020 17.95

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2020 17.02

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2020 14.19

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2020 0.700

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Euro area was 28.27 as of 2019. Its highest value over the past 14 years was 32.64 in 2005, while its lowest value was 27.49 in 2017.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 32.64
2006 31.38
2007 31.25
2008 30.05
2009 29.97
2010 29.61
2011 28.74
2012 28.82
2013 28.78
2014 28.79
2015 28.89
2016 28.77
2017 27.49
2018 27.95
2019 28.27

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Euro area was 1.72 as of 2019. Its highest value over the past 14 years was 2.78 in 2012, while its lowest value was 1.60 in 2010.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 2.43
2006 1.95
2007 1.70
2008 1.63
2009 1.74
2010 1.60
2011 2.10
2012 2.78
2013 1.78
2014 1.79
2015 1.80
2016 1.69
2017 1.72
2018 1.72
2019 1.72

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Euro area was 12.86 as of 2019. Its highest value over the past 14 years was 16.03 in 2005, while its lowest value was 12.26 in 2012.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 16.03
2006 14.52
2007 14.45
2008 13.27
2009 12.57
2010 13.06
2011 12.41
2012 12.26
2013 13.33
2014 13.78
2015 12.92
2016 13.02
2017 13.28
2018 12.93
2019 12.86

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment