Upper middle income - Time required to start a business
Time required to start a business (days)
Time required to start a business (days) in Upper middle income was 18.69 as of 2019. Its highest value over the past 16 years was 62.03 in 2005, while its lowest value was 18.69 in 2019.
Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2003 | 53.94 |
| 2004 | 49.31 |
| 2005 | 62.03 |
| 2006 | 57.17 |
| 2007 | 52.86 |
| 2008 | 47.52 |
| 2009 | 43.87 |
| 2010 | 43.43 |
| 2011 | 41.61 |
| 2012 | 40.98 |
| 2013 | 29.32 |
| 2014 | 26.67 |
| 2015 | 26.29 |
| 2016 | 25.60 |
| 2017 | 21.88 |
| 2018 | 19.48 |
| 2019 | 18.69 |
Time required to start a business, female (days)
The value for Time required to start a business, female (days) in Upper middle income was 18.72 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 62.08 in 2005 and a minimum value of 18.72 in 2019.
Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2003 | 53.97 |
| 2004 | 49.36 |
| 2005 | 62.08 |
| 2006 | 57.21 |
| 2007 | 52.90 |
| 2008 | 47.57 |
| 2009 | 43.91 |
| 2010 | 43.48 |
| 2011 | 41.65 |
| 2012 | 41.02 |
| 2013 | 29.36 |
| 2014 | 26.71 |
| 2015 | 26.33 |
| 2016 | 25.63 |
| 2017 | 21.92 |
| 2018 | 19.51 |
| 2019 | 18.72 |
Time required to start a business, male (days)
The value for Time required to start a business, male (days) in Upper middle income was 18.66 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 61.99 in 2005 and a minimum value of 18.66 in 2019.
Definition: Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
See also:
| Year | Value |
|---|---|
| 2003 | 53.91 |
| 2004 | 49.26 |
| 2005 | 61.99 |
| 2006 | 57.12 |
| 2007 | 52.81 |
| 2008 | 47.48 |
| 2009 | 43.83 |
| 2010 | 43.39 |
| 2011 | 41.57 |
| 2012 | 40.94 |
| 2013 | 29.29 |
| 2014 | 26.63 |
| 2015 | 26.26 |
| 2016 | 25.56 |
| 2017 | 21.84 |
| 2018 | 19.46 |
| 2019 | 18.66 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
