Guyana - 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 Guyana was 1.60 as of 2020. Its highest value over the past 14 years was 1.73 in 2019, while its lowest value was 0.05 in 2007.

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).

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Year Value
2006 0.26
2007 0.05
2008 0.07
2009 0.30
2010 0.25
2011 0.48
2012 0.68
2013 0.71
2014 0.64
2015 0.46
2016 0.88
2017 0.93
2018 1.16
2019 1.73
2020 1.60

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
2010 36.90

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
2010 8.50

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
2010 81.80

Time required to get electricity (days)

The value for Time required to get electricity (days) in Guyana was 82.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 112.00 in 2014 and a minimum value of 82.00 in 2015.

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 112.00
2010 112.00
2011 112.00
2012 112.00
2013 112.00
2014 112.00
2015 82.00
2016 82.00
2017 82.00
2018 82.00
2019 82.00

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
2004 74.36

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
2010 70.70

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
2010 46.10

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
2010 43.20

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
2010 4.60

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Guyana was 9.20 as of 2019. Its highest value over the past 14 years was 9.20 in 2019, while its lowest value was 8.80 in 2005.

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 8.80
2006 8.80
2007 8.80
2008 8.80
2009 8.80
2010 8.80
2011 8.80
2012 8.80
2013 8.80
2014 9.20
2015 9.20
2016 9.20
2017 9.20
2018 9.20
2019 9.20

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Guyana was 1.70 as of 2019. Its highest value over the past 14 years was 2.60 in 2010, while its lowest value was 1.70 in 2013.

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 2.60
2006 2.60
2007 2.60
2008 2.60
2009 2.60
2010 2.60
2011 2.50
2012 2.50
2013 1.70
2014 1.70
2015 1.70
2016 1.70
2017 1.70
2018 1.70
2019 1.70

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Guyana was 19.60 as of 2019. Its highest value over the past 14 years was 27.60 in 2008, while its lowest value was 19.60 in 2018.

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 27.60
2006 27.60
2007 27.60
2008 27.60
2009 27.50
2010 27.50
2011 24.50
2012 24.50
2013 21.40
2014 21.30
2015 21.30
2016 21.30
2017 21.30
2018 19.60
2019 19.60

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment