Lower middle income - 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 Lower middle income was 0.444 as of 2020. Its highest value over the past 14 years was 0.444 in 2020, while its lowest value was 0.175 in 2006.

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 0.175
2007 0.208
2008 0.234
2009 0.212
2010 0.247
2011 0.300
2012 0.305
2013 0.299
2014 0.287
2015 0.290
2016 0.320
2017 0.360
2018 0.373
2019 0.433
2020 0.444

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 37.44

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 9.49

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 62.26

Time required to get electricity (days)

The value for Time required to get electricity (days) in Lower middle income was 82.96 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 116.47 in 2009 and a minimum value of 82.96 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 116.47
2010 110.90
2011 109.90
2012 101.90
2013 114.86
2014 103.92
2015 96.99
2016 93.59
2017 91.46
2018 87.17
2019 82.96

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

Firms that do not report all sales for tax purposes (% of firms) in Lower middle income was 76.15 as of 2009. Its highest value over the past 7 years was 76.15 in 2009, while its lowest value was 30.00 in 2008.

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 52.29
2003 48.55
2004 53.97
2005 38.56
2006 49.54
2007 46.70
2008 30.00
2009 76.15

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 59.92

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 12.27

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 17.40

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 16.29

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Lower middle income was 14.06 as of 2019. Its highest value over the past 14 years was 14.74 in 2005, while its lowest value was 13.47 in 2013.

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 14.74
2006 14.67
2007 14.46
2008 14.45
2009 14.28
2010 14.25
2011 14.38
2012 14.00
2013 13.47
2014 13.65
2015 13.70
2016 13.78
2017 13.59
2018 13.76
2019 14.06

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Lower middle income was 12.88 as of 2019. Its highest value over the past 14 years was 17.81 in 2007, while its lowest value was 12.36 in 2017.

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 17.27
2006 17.64
2007 17.81
2008 17.66
2009 16.67
2010 16.13
2011 16.96
2012 16.00
2013 13.74
2014 12.82
2015 12.88
2016 12.37
2017 12.36
2018 12.38
2019 12.88

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Lower middle income was 16.45 as of 2019. Its highest value over the past 14 years was 18.35 in 2005, while its lowest value was 15.83 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 18.35
2006 17.99
2007 17.60
2008 17.35
2009 17.02
2010 16.52
2011 16.16
2012 15.83
2013 17.20
2014 17.09
2015 16.87
2016 16.88
2017 16.94
2018 16.77
2019 16.45

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment