European Union - 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 European Union was 3.46 as of 2020. Its highest value over the past 14 years was 3.61 in 2019, while its lowest value was 2.59 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 2.92
2007 3.19
2008 3.00
2009 2.59
2010 2.76
2011 2.87
2012 2.75
2013 2.83
2014 2.88
2015 3.04
2016 3.25
2017 3.44
2018 3.51
2019 3.61
2020 3.46

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 46.79

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 0.308

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 25.36

Time required to get electricity (days)

The value for Time required to get electricity (days) in European Union was 93.11 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 115.15 in 2010 and a minimum value of 93.11 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 115.15
2010 115.15
2011 113.48
2012 113.78
2013 110.74
2014 100.11
2015 93.89
2016 97.26
2017 95.41
2018 93.63
2019 93.11

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 46.65
2003 33.66
2004 35.11
2005 35.32
2007 16.38

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 21.12

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 15.11

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 14.45

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 1.82

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in European Union was 26.33 as of 2019. Its highest value over the past 14 years was 31.66 in 2005, while its lowest value was 26.33 in 2019.

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/).

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Year Value
2005 31.66
2006 30.76
2007 30.27
2008 29.47
2009 29.17
2010 28.59
2011 27.86
2012 27.95
2013 27.85
2014 27.84
2015 27.92
2016 27.71
2017 26.84
2018 27.00
2019 26.33

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in European Union was 1.70 as of 2019. Its highest value over the past 14 years was 2.55 in 2012, while its lowest value was 1.65 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 2.42
2006 2.10
2007 1.93
2008 1.89
2009 1.95
2010 1.65
2011 2.05
2012 2.55
2013 1.77
2014 1.74
2015 1.75
2016 1.72
2017 1.73
2018 1.73
2019 1.70

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in European Union was 12.01 as of 2019. Its highest value over the past 14 years was 14.71 in 2005, while its lowest value was 11.70 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 14.71
2006 13.26
2007 13.37
2008 12.52
2009 11.96
2010 12.47
2011 11.91
2012 11.70
2013 12.45
2014 12.67
2015 12.02
2016 12.06
2017 12.20
2018 11.92
2019 12.01

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment