Lower middle income - Time required to start a business
Time required to start a business (days)
Time required to start a business (days) in Lower middle income was 24.54 as of 2019. Its highest value over the past 16 years was 60.52 in 2004, while its lowest value was 24.54 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 | 60.20 |
| 2004 | 60.52 |
| 2005 | 56.52 |
| 2006 | 54.72 |
| 2007 | 50.24 |
| 2008 | 49.44 |
| 2009 | 47.21 |
| 2010 | 43.60 |
| 2011 | 38.95 |
| 2012 | 38.06 |
| 2013 | 34.41 |
| 2014 | 30.36 |
| 2015 | 29.00 |
| 2016 | 27.84 |
| 2017 | 27.11 |
| 2018 | 25.55 |
| 2019 | 24.54 |
Time required to start a business, female (days)
The value for Time required to start a business, female (days) in Lower middle income was 24.60 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 60.58 in 2004 and a minimum value of 24.60 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 | 60.25 |
| 2004 | 60.58 |
| 2005 | 56.57 |
| 2006 | 54.78 |
| 2007 | 50.30 |
| 2008 | 49.50 |
| 2009 | 47.28 |
| 2010 | 43.66 |
| 2011 | 39.01 |
| 2012 | 38.12 |
| 2013 | 34.47 |
| 2014 | 30.41 |
| 2015 | 29.06 |
| 2016 | 27.89 |
| 2017 | 27.17 |
| 2018 | 25.61 |
| 2019 | 24.60 |
Time required to start a business, male (days)
The value for Time required to start a business, male (days) in Lower middle income was 24.49 as of 2019. As the graph below shows, over the past 16 years this indicator reached a maximum value of 60.47 in 2004 and a minimum value of 24.49 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 | 60.15 |
| 2004 | 60.47 |
| 2005 | 56.47 |
| 2006 | 54.67 |
| 2007 | 50.19 |
| 2008 | 49.38 |
| 2009 | 47.15 |
| 2010 | 43.54 |
| 2011 | 38.89 |
| 2012 | 38.00 |
| 2013 | 34.36 |
| 2014 | 30.30 |
| 2015 | 28.95 |
| 2016 | 27.79 |
| 2017 | 27.06 |
| 2018 | 25.50 |
| 2019 | 24.49 |
Classification
Topic: Private Sector & Trade Indicators
Sub-Topic: Business environment
