The Bahamas - Ease of doing business

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 14.70

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 2.20

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 75.00

Time required to get electricity (days)

The value for Time required to get electricity (days) in The Bahamas was 67.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 67.00 in 2019 and a minimum value of 67.00 in 2009.

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 67.00
2010 67.00
2011 67.00
2012 67.00
2013 67.00
2014 67.00
2015 67.00
2016 67.00
2017 67.00
2018 67.00
2019 67.00

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 15.30

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 28.40

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 44.00

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 10.90

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in The Bahamas was 6.40 as of 2019. Its highest value over the past 12 years was 6.40 in 2019, while its lowest value was 4.50 in 2007.

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
2007 4.50
2008 4.50
2009 4.50
2010 4.50
2011 6.10
2012 6.10
2013 6.30
2014 6.30
2015 6.30
2016 6.30
2017 6.30
2018 6.30
2019 6.40

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in The Bahamas was 27.40 as of 2019. Its highest value over the past 12 years was 42.30 in 2013, while its lowest value was 25.20 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/).

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Year Value
2007 38.50
2008 38.50
2009 38.50
2010 38.50
2011 38.50
2012 38.50
2013 42.30
2014 34.80
2015 27.40
2016 27.40
2017 25.20
2018 25.20
2019 27.40

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in The Bahamas was 0.000 as of 2019. Its highest value over the past 12 years was 0.000 in 2019, while its lowest value was 0.000 in 2007.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2007 0.000
2008 0.000
2009 0.000
2010 0.000
2011 0.000
2012 0.000
2013 0.000
2014 0.000
2015 0.000
2016 0.000
2017 0.000
2018 0.000
2019 0.000

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment