May 24, 2015
Economic Freedom and Economic Freedom and
Business Competitiveness: Business Competitiveness:
Cause and Effect relationsCause and Effect relations
Dr. Ayub MeharDr. Ayub Mehar Director General (R&D)Director General (R&D)
The Federation of Pakistan Chambers of Commerce & Industry The Federation of Pakistan Chambers of Commerce & Industry (FPCCI)(FPCCI)
Expert Hearing on Level Playing Field:Expert Hearing on Level Playing Field: a pre-requisite for Economic Freedoma pre-requisite for Economic Freedom
Karachi: Avari TowerKarachi: Avari Tower11stst December, 2008 December, 2008
o Competitiveness remains a concept that is not well understood, Competitiveness remains a concept that is not well understood, despite the widespread acceptance of its importance. despite the widespread acceptance of its importance.
o The widely used definition of competitiveness is a country’s share The widely used definition of competitiveness is a country’s share of world markets for its products. This view of competitiveness is of world markets for its products. This view of competitiveness is used to justify interventions and playing a key role in the used to justify interventions and playing a key role in the formulation of trade and industrial policies by the governments. formulation of trade and industrial policies by the governments.
o The subsidies, artificial restraints on local wages, and intervention The subsidies, artificial restraints on local wages, and intervention to devalue the nations’ currencies are the common ingredients of to devalue the nations’ currencies are the common ingredients of industrial and trade policies to attain such competitiveness. industrial and trade policies to attain such competitiveness.
o This view creates an uneven level playing field and unhealthy This view creates an uneven level playing field and unhealthy competition among the nations. competition among the nations.
Competitveness: Scope and Limitations
WEF Competitiveness Index
o The World Economic Forum (WEF) has been studying The World Economic Forum (WEF) has been studying the competitiveness of nations for nearly three the competitiveness of nations for nearly three decades. According to the WEF definition, decades. According to the WEF definition, “competitiveness is a set of institutions, policies, and “competitiveness is a set of institutions, policies, and factors that determine the level of productivity of a factors that determine the level of productivity of a country”. country”.
o On the basis of this definition, WEF constructs the On the basis of this definition, WEF constructs the competitiveness indexes of the nations. The WEF competitiveness indexes of the nations. The WEF competitiveness index is composed of 113 variables, of competitiveness index is composed of 113 variables, of which 79 come from executive survey carried out which 79 come from executive survey carried out annually. The survey completed by 11000 top annually. The survey completed by 11000 top management business executives. The weight of each management business executives. The weight of each of the component depends on each country’s stage of of the component depends on each country’s stage of development.development.
Major Components of WEF Competitiveness Index
o InstitutionsInstitutionso InfrastructureInfrastructureo Macro-economyMacro-economyo Health and primary educationHealth and primary educationo Higher education and trainingHigher education and trainingo Goods market efficiencyGoods market efficiencyo Labor market efficiencyLabor market efficiencyo Financial market Financial market
sophisticationsophisticationo Technological readinessTechnological readinesso Market sizeMarket sizeo Business sophisticationBusiness sophisticationo InnovationInnovation
(Worldwide Ranking of 131 Countries)
Business Competitiveness of South Asian Countries (Ranking)
BangladeBangladeshsh IndiaIndia PakistPakist
ananSri Sri LankaLanka
Overall Business Overall Business Competitiveness IndexCompetitiveness Index 107107 4848 9292 7070
InstitutionsInstitutions 126126 4848 8181 6868
InfrastructureInfrastructure 120120 6767 7272 7373
Macroeconomic stabilityMacroeconomic stability 8787 108108 101101 125125
Health and primary educationHealth and primary education 105105 101101 115115 5151
Higher education and trainingHigher education and training 126126 5555 116116 7777
Goods market efficiencyGoods market efficiency 9393 3636 8282 5353
Labor market efficiencyLabor market efficiency 7676 9696 113113 118118
Financial market sophisticationFinancial market sophistication 7575 3737 6565 6363
Technological readinessTechnological readiness 125125 6262 8989 8888
Market sizeMarket size 3636 33 2828 5858
Business sophisticationBusiness sophistication 102102 2626 7979 5151
InnovationInnovation 117117 2828 6969 4040
Economic Freedom: Scope and Limitations
o Economic Freedom (asociated with a classical liberal Economic Freedom (asociated with a classical liberal viewpoint): “The freedom to produce, trade and viewpoint): “The freedom to produce, trade and consume any goods and services acquired without the consume any goods and services acquired without the use of force, fraud or theft”. use of force, fraud or theft”.
o Another more philosophical perspective emphasizes Another more philosophical perspective emphasizes its context in distributive justice and basic freedoms of its context in distributive justice and basic freedoms of all individuals.all individuals.
o This is embodied in the rule of law, property rights and This is embodied in the rule of law, property rights and freedom of contract, and characterized by external freedom of contract, and characterized by external and internal openness of the markets, the protection and internal openness of the markets, the protection of property rights and freedom of economic initiative. of property rights and freedom of economic initiative.
Indicators of Economic Freedom
o Time dealing with officials of taxation & regulatory authorities as % of management timeTime dealing with officials of taxation & regulatory authorities as % of management time
o Average number of times management met with tax officialsAverage number of times management met with tax officials
o Time required to obtain operating licenseTime required to obtain operating license
o Unofficial payments to public officialsUnofficial payments to public officials
o Losses due to theft, robbery, vandalism and arson of SalesLosses due to theft, robbery, vandalism and arson of Sales
o Firms that do not report all sales for tax purposes of firmsFirms that do not report all sales for tax purposes of firms
o Firms with female participation in ownership of firmsFirms with female participation in ownership of firms
o Cont….
o Firms using banks to finance investment of firms
o Value lost due to electrical outages of Sales
o ISO certification ownership of firms
o Average time to clear exports through customs days
o Firms offering formal training
Factors of Economic Freedom
Economic Freedom in South Asia
Bangladesh India Pakistan
Sri Lanka
Regulations and tax
Time dealing with officials % of
management time3.2 6.7 8.7 3.5
Average number of times management met with tax officials
1.4 3.1 4.2 5.1
Permits and licenses
Time required to obtain operating license
days 6.1 - 35.2 49.5
CorruptionUnofficial payments to
public officials % of firms
82.2 47.5 57 16.3
CrimeLosses due to theft,
robbery, vandalism and arson % of Sales
1.2 0.1 0.1 0.5
InformalityFirms that do not report
all sales for tax purposes % of firms
- 59.2 - 42.2
GenderFirms with female
participation in ownership % of firms
16.1 9.1 - -
FinanceFirms using banks to
finance investment % of firms
11.6 19.4 3.6 16.2
InfrastructureValue lost due to electrical outages %
of Sales 10.6 6.6 4.9 -
Innovation ISO certification ownership % of firms 7.8 22.5 17 -
TradeAverage time to clear
exports through customs days
8.4 15.6 9.7 7.6
Workforce Firms offering formal training % of firms 16.2 15.9 11.1 32.6
Economic Freedom Index
o Indices of economic freedom attempt to measure (free Indices of economic freedom attempt to measure (free market) economic freedom, and some empirical studies market) economic freedom, and some empirical studies based on some these rankings have found it to be based on some these rankings have found it to be correlated with higher living standards, self-reported correlated with higher living standards, self-reported happiness, and peace.happiness, and peace.
o One of the leading ‘Economic Freedom Index’ is jointly One of the leading ‘Economic Freedom Index’ is jointly prepared by the Fraser Institute, Yale Center for prepared by the Fraser Institute, Yale Center for Environmental Law and Policy (YCELP), Center for Environmental Law and Policy (YCELP), Center for International Earth Science Information Network (CIESIN) International Earth Science Information Network (CIESIN) at Columbia University, World Economic Forum (WEF) at Columbia University, World Economic Forum (WEF) and Joint Research Center (JRC) of European Comission.and Joint Research Center (JRC) of European Comission.
o The key ingredients of the Economic Freedom Index are:The key ingredients of the Economic Freedom Index are:
Factors of Economic Freedom Index
o Size of GovernmentSize of Governmento Legal System & Property RightsLegal System & Property Rightso Sound MoneySound Moneyo Freedom to Trade Internationally Freedom to Trade Internationally o Credit Market Regulations Credit Market Regulations o Labor Market Regulations Labor Market Regulations o Business RegulationsBusiness Regulations
Economic Freedom in South Asia (Ranking)
BangladeBangladeshsh IndiaIndia PakistPakist
ananSri Sri LankaLanka
Size of GovernmentSize of Government 1010 4141 4848 4646
Legal System & Property Legal System & Property RightsRights 131131 5454 111111 9393
Sound MoneySound Money 116116 113113 122122 129129
Freedom to Trade Freedom to Trade InternationallyInternationally 119119 7171 115115 9494
Credit Market RegulationsCredit Market Regulations 107107 129129 7272 108108
Labor Market RegulationsLabor Market Regulations 5656 5151 5757 8282
Business RegulationsBusiness Regulations 112112 6464 106106 8181
Causal Relations
Dependent variable: Goods Market Efficiency
Legal System & Property Rights
Goods Market
Efficiency
Size of Government
Explanatory Explanatory VariablesVariables
Legal System & Legal System & Property RightsProperty Rights
Size of Size of GovernmenGovernmen
tt
Coefficient of Coefficient of CorrelationCorrelation 0.860.86 -0.10-0.10
T-StatisticsT-Statistics 4.94.9 4.74.7
Causal Relations
Dependent variable: Labour Market Efficiency
Labour Market
Efficiency
ExplanatoryExplanatory VariablesVariablesLegal System & Legal System & Property RightsProperty Rights
Labour Labour Market Market
RegulationsRegulations
Freedom to Freedom to Trade Trade
InternationalInternationallyly
Coefficient of CorrelationCoefficient of Correlation 0.640.64 0.580.58 0.460.46
T-StatisticsT-Statistics 3.213.21 8.478.47 5.665.66
Legal System & Property Rights
Labour Market Regulations
Freedom to Trade Internationally
Causal Relations
Dependent variable: Financial Market Sophistication
ExplanatoryExplanatory VariablesVariablesLegal System Legal System
& Property & Property RightsRights
Freedom to Freedom to Trade Trade
InternationalInternationallyly
Credit Credit Market Market
RegulatioRegulationsns
Sound Sound MoneyMoney
Coefficient of CorrelationCoefficient of Correlation 0.810.81 0.600.60 0.460.46 0.490.49
T-StatisticsT-Statistics 9.159.15 5.395.39 8.488.48 7.877.87
Legal System & Property Rights
Financial Market Sophistication
Freedom to Trade
Internationally
Credit Market
Regulations
Sound Money
Causal Relations
Dependent variable: Business Sophistication
ExplanatoryExplanatory VariablesVariablesSoft Business Soft Business RegulationsRegulations
Sound Sound MoneyMoney
Coefficient of CorrelationCoefficient of Correlation 0.740.74 0.740.74
T-StatisticsT-Statistics 3.933.93 8.928.92
Soft Business
Regulations
Business Sophistication
Sound Money
Causal Relations
Dependent variable: Innovation
ExplanatoryExplanatory VariablesVariablesSoft Business Soft Business RegulationsRegulations
Sound Sound MoneyMoney
Coefficient of CorrelationCoefficient of Correlation 0.740.74 0.420.42
T-StatisticsT-Statistics 8.928.92 5.275.27
Soft Business
Regulations
Innovation
Sound Money
Causal Relations
Dependent variable: Macroeconomic Stability
ExplanatoryExplanatory VariablesVariables
Soft Soft Business Business RegulatioRegulatio
nsns
Labour Labour Market Market
RegulatioRegulationsns
Credit Credit Market Market
RegulatiRegulationsons
Size Size of of
GoverGovernmentnment
Sound Sound MoneyMoney
Coefficient of CorrelationCoefficient of Correlation 0.390.39 0.120.12 0.450.45 -0.11-0.11 0.380.38
T-StatisticsT-Statistics 3.793.79 6.236.23 6.136.13 3.113.11 6.136.13
Soft Business
Regulations Macroeconomic
Stability
Labour Market
Regulations
Credit Market
Regulations
Size of Governmen
t
Sound Money
Causal Relations
Dependent variable: Infrastructure
ExplanatoryExplanatory VariablesVariablesSize of Size of
GovernmentGovernment
Freedom to Freedom to Trade Trade
InternationalInternationallyly
Coefficient of CorrelationCoefficient of Correlation -0.19-0.19 0.490.49
T-StatisticsT-Statistics 5.925.92 6.146.14
Size of Government
Infrastructure
Freedom to Trade
Internationally
Causal Relations
Dependent variable: Technology Readiness
ExplanatoryExplanatory VariablesVariablesFreedom to Freedom to
Trade Trade InternationallyInternationally
Coefficient of CorrelationCoefficient of Correlation 0.550.55
T-StatisticsT-Statistics 8.828.82
Freedom to Trade
Internationally
Technology Readiness
Causal Relations
Dependent variable: Institutional Governance
ExplanatoryExplanatory VariablesVariablesSize of Size of
GovernmentGovernment
Coefficient of CorrelationCoefficient of Correlation -0.20-0.20
T-StatisticsT-Statistics 5.085.08
Size of Government
Institutional Governance
Uneven Playing Uneven Playing FieldField
Socio Economic CrisesSocio Economic Criseso Electricity CrisesElectricity Criseso Banking SpreadBanking Spreado Interest RateInterest Rateo Widening Trade Deficit and Widening Trade Deficit and
Foreign Exchange ReservesForeign Exchange Reserveso External DebtExternal Debto Law and Order SituationLaw and Order Situation
INCENTIVES TO INDUSTRYINCENTIVES TO INDUSTRY
CountryCountry
Subsidies and Transfers Subsidies and Transfers PaymentsPayments
As % of total As % of total expenditureexpenditure Billions US$Billions US$
USAUSA 6060 10841084
GermanyGermany 5858 410410
UKUK 5656 319319
JapanJapan 5252 354354
IsraelIsrael 4848 2323
TurkeyTurkey 4747 2424
IndiaIndia 3838 2525
MalaysiaMalaysia 2424 44
IndonesiaIndonesia 2121 33
PakistanPakistan 88 11
Source: World BankSource: World Bank
INCENTIVES TO EXPORTS – GLOBAL PATTERNINCENTIVES TO EXPORTS – GLOBAL PATTERN
Financing InstrumentFinancing Instrument Share (%)Share (%)
Export GuaranteesExport Guarantees 44.144.1
Tax ConcessionsTax Concessions 29.729.7
LoansLoans 1414
GrantsGrants 4.54.5
Interest Rate SubsidiesInterest Rate Subsidies 4.34.3
OthersOthers 3.43.4
Source: Economic Intelligence Unit, LondonSource: Economic Intelligence Unit, London
MAJOR ECONOMIC INDICATORS OF SELECTED COUNTRIES
CountriesCountries GDP GDP Growth%Growth%
Inflation Inflation Rate Rate (%)(%)
Deposit Deposit Rate Rate (%)(%)
LendinLending Rate g Rate
(%)(%)
Interest Interest Rate Rate
Spread Spread (%)(%)
Domestic Domestic Credit Credit
Provided Provided by by
Banking Banking Sector (% Sector (% of GDP)of GDP)
Real Real Interest Interest Rate (%)Rate (%)
USAUSA 2.22.2 3.23.2 33 4.34.3 1.31.3 215.5215.5 1.11.1
JapanJapan 2.12.1 0.30.3 0.10.1 1.81.8 1.71.7 154.9154.9 1.51.5
PakistanPakistan 5.85.8 1212 10.510.5 1818 7.57.5 41.841.8 66
IndiaIndia 9.29.2 4.84.8 7.87.8 10.910.9 3.13.1 60.160.1 6.16.1
Sri LankaSri Lanka 6.36.3 88 5.15.1 9.59.5 4.44.4 44.644.6 1.51.5
BangladeshBangladesh 5.65.6 6.16.1 7.17.1 14.814.8 7.77.7 41.141.1 8.78.7
NepalNepal 33 5.35.3 2.72.7 8.58.5 5.85.8 -- 3.23.2
ArgentinaArgentina 88 12.312.3 2.62.6 6.86.8 4.24.2 45.545.5 -5.5-5.5
Banking Spreads
CountriesCountries (%)(%)
USAUSA 1.31.3
JapanJapan 1.71.7
IndiaIndia 3.13.1
Sir LankaSir Lanka 4.44.4
NepalNepal 5.55.5
PakistanPakistan 7.057.05
Source: Economic Intelligence Unit London
Interest Rates (%)
CountriesCountries Short-termShort-term Long-termLong-term
PakistanPakistan 18.0018.00(KIBOR 15 + 3)(KIBOR 15 + 3)
19.0019.00(KIBOR 15 + 4)(KIBOR 15 + 4)
IndiaIndia 9.009.00 9.089.08
IndonesiaIndonesia 10.2410.24 6.986.98
MalaysiaMalaysia 3.703.70 4.204.20
JapanJapan 0.750.75 1.511.51
U.K.U.K. 5.695.69 4.454.45
United StatesUnited States 2.092.09 3.643.64
Source: Economic Intelligence Unit London
Highest in the world
Comparison of Electricity prices industrial Comparison of Electricity prices industrial Cent/KWhCent/KWh
Countries Countries Prices Prices
PakistanPakistan 99
IndiaIndia 8.148.14
ChinaChina 8.58.5
BangladeshBangladesh 5.235.23
Sri LankaSri Lanka 7.287.28
ELECTRICITY PRODUCTION
SourcesSources World Wide World Wide (%)(%)
Pakistan Pakistan (%)(%)
Coal Coal 4040 6.56.5
GasGas 1919 4545
NuclearNuclear 1616 2.52.5
HydroHydro 1616 3333
OilOil 77 1616
Sources: World Bank
Competitiveness Scores in Public Policy Related FieldsCompetitiveness Scores in Public Policy Related Fields
CountryCountry
Overall Overall Business Business
CompetitivCompetitiveness Indexeness Index
InstitutionInstitutional al
GoverGovernancenance
InfrastructuInfrastructurere
MacroeconoMacroeconomic mic
StabilityStability
Health & Health & Primary Primary EducatiEducati
onon
Higher Higher EducationEducation
ArgentinaArgentina 3.873.87 2.992.99 3.033.03 4.914.91 5.615.61 4.224.22
ArmeniaArmenia 3.763.76 3.43.4 2.852.85 4.984.98 4.964.96 3.353.35
HondurasHonduras 3.893.89 3.583.58 3.183.18 4.824.82 5.115.11 3.33.3
HungaryHungary 4.354.35 4.144.14 3.933.93 4.224.22 5.865.86 4.644.64
IndiaIndia 4.334.33 4.324.32 3.453.45 4.214.21 4.924.92 4.134.13
IrelandIreland 5.035.03 5.255.25 4.034.03 5.695.69 6.286.28 5.265.26
AustraliaAustralia 5.175.17 5.665.66 5.535.53 5.395.39 6.266.26 5.465.46
AustriaAustria 5.235.23 5.725.72 5.695.69 5.325.32 6.296.29 5.45.4
ItalyItaly 4.364.36 3.773.77 3.913.91 4.464.46 6.086.08 4.554.55
BelgiumBelgium 5.15.1 5.065.06 5.655.65 4.94.9 6.316.31 5.575.57
JamaicaJamaica 3.953.95 3.613.61 3.543.54 3.783.78 5.385.38 3.833.83
BoliviaBolivia 3.553.55 2.972.97 2.222.22 5.115.11 5.115.11 3.423.42
JapanJapan 5.435.43 5.065.06 5.985.98 4.454.45 6.146.14 5.215.21
KenyaKenya 3.613.61 3.353.35 2.712.71 3.773.77 4.264.26 3.563.56
KoreaKorea 5.45.4 5.055.05 5.555.55 66 6.086.08 5.655.65
BotswanaBotswana 3.963.96 4.464.46 3.853.85 4.754.75 3.83.8 3.493.49
LatviaLatvia 4.414.41 4.024.02 3.913.91 5.245.24 5.775.77 4.824.82
LesothoLesotho 3.273.27 3.153.15 1.971.97 5.325.32 3.633.63 2.662.66
BrazilBrazil 3.993.99 3.323.32 3.073.07 3.663.66 5.235.23 4.014.01
Cont…..Cont…..
Appendix -I
LithuaniaLithuania 4.494.49 4.084.08 4.054.05 5.345.34 5.85.8 4.984.98
BulgariaBulgaria 3.933.93 3.223.22 2.912.91 5.165.16 5.575.57 3.993.99
Macedonia, FYRMacedonia, FYR 3.733.73 3.343.34 2.92.9 5.045.04 5.75.7 3.773.77
MadagascarMadagascar 3.363.36 3.443.44 2.282.28 3.833.83 4.484.48 2.562.56
MauritiusMauritius 4.164.16 4.444.44 4.124.12 4.184.18 5.695.69 3.943.94
MexicoMexico 4.264.26 3.623.62 3.553.55 5.365.36 5.595.59 3.833.83
MoldovaMoldova 3.643.64 3.33.3 2.452.45 4.564.56 5.175.17 3.663.66
MongoliaMongolia 3.63.6 3.093.09 2.032.03 5.135.13 4.964.96 3.783.78
NamibiaNamibia 3.853.85 4.174.17 4.34.3 5.745.74 3.633.63 3.053.05
NepalNepal 3.383.38 3.13.1 1.961.96 4.644.64 4.464.46 2.652.65
NetherlandsNetherlands 5.45.4 5.735.73 5.845.84 5.735.73 6.326.32 5.575.57
BurundiBurundi 2.842.84 3.13.1 1.91.9 3.783.78 3.233.23 2.162.16
New ZealandNew Zealand 4.984.98 5.85.8 4.524.52 5.365.36 6.456.45 5.535.53
NicaraguaNicaragua 3.453.45 3.223.22 2.272.27 3.963.96 4.944.94 3.043.04
NorwayNorway 5.25.2 5.825.82 5.065.06 6.16.1 6.396.39 5.65.6
PanamaPanama 4.184.18 3.853.85 3.993.99 5.065.06 5.565.56 3.813.81
ParaguayParaguay 3.33.3 2.672.67 2.022.02 3.853.85 5.125.12 2.872.87
CambodiaCambodia 3.483.48 3.363.36 2.682.68 4.054.05 4.374.37 2.582.58
PeruPeru 3.873.87 3.283.28 2.562.56 4.74.7 5.075.07 3.633.63
PhilippinesPhilippines 3.993.99 3.423.42 2.72.7 4.74.7 5.165.16 4.024.02
PolandPoland 4.284.28 3.653.65 3.033.03 5.015.01 5.965.96 4.624.62
PortugalPortugal 4.484.48 4.874.87 4.984.98 4.684.68 6.046.04 4.624.62
RomaniaRomania 3.973.97 3.443.44 2.572.57 4.644.64 5.625.62 4.144.14Cont…..Cont…..
RussiaRussia 4.194.19 3.13.1 3.483.48 5.355.35 5.515.51 4.334.33
SerbiaSerbia 3.783.78 3.373.37 2.722.72 4.614.61 6.046.04 3.653.65
CanadaCanada 5.345.34 5.265.26 6.056.05 5.265.26 6.376.37 5.495.49
Slovak RepublicSlovak Republic 4.454.45 3.993.99 3.783.78 4.924.92 5.885.88 4.424.42
SloveniaSlovenia 4.484.48 4.454.45 4.324.32 5.475.47 6.166.16 5.085.08
South AfricaSouth Africa 4.424.42 4.554.55 4.224.22 5.085.08 3.963.96 4.124.12
SpainSpain 4.664.66 4.464.46 5.465.46 5.425.42 5.955.95 4.754.75
ChileChile 4.774.77 4.834.83 4.564.56 5.865.86 5.425.42 4.414.41
ChinaChina 4.574.57 3.713.71 3.973.97 6.036.03 5.495.49 3.773.77
Sri LankaSri Lanka 3.993.99 3.853.85 3.213.21 3.713.71 5.655.65 3.773.77
SwedenSweden 5.545.54 5.865.86 5.715.71 5.765.76 6.446.44 5.985.98
ColombiaColombia 4.044.04 3.673.67 2.872.87 4.924.92 5.475.47 3.883.88
SwitzerlandSwitzerland 5.625.62 5.95.9 6.326.32 5.695.69 6.36.3 5.635.63
ThailandThailand 4.74.7 4.334.33 4.854.85 5.475.47 5.475.47 4.384.38
Timor-LesteTimor-Leste 3.23.2 2.792.79 1.761.76 5.425.42 4.324.32 2.392.39
Trinidad and TobagoTrinidad and Tobago 3.883.88 3.473.47 3.323.32 5.795.79 5.475.47 3.873.87
UkraineUkraine 3.983.98 3.123.12 3.093.09 4.674.67 5.375.37 4.24.2
Costa RicaCosta Rica 4.114.11 4.174.17 2.682.68 4.074.07 5.685.68 4.244.24
CroatiaCroatia 4.24.2 3.863.86 3.953.95 4.84.8 5.785.78 4.314.31
Czech RepublicCzech Republic 4.584.58 3.843.84 4.224.22 5.265.26 6.066.06 4.854.85
United KingdomUnited Kingdom 5.415.41 5.315.31 5.715.71 5.185.18 6.166.16 5.425.42
United StatesUnited States 5.675.67 4.764.76 6.16.1 4.784.78 66 5.685.68
UruguayUruguay 3.973.97 4.434.43 3.53.5 4.414.41 5.545.54 3.993.99
Cont…..Cont…..
VenezuelaVenezuela 3.633.63 2.412.41 2.532.53 4.844.84 5.335.33 3.613.61
DenmarkDenmark 5.555.55 6.146.14 6.16.1 5.875.87 6.456.45 5.965.96
Dominican RepublicDominican Republic 3.653.65 3.233.23 3.043.04 4.564.56 4.754.75 3.243.24
VietnamVietnam 4.044.04 3.783.78 2.82.8 5.085.08 5.145.14 3.393.39
ZambiaZambia 3.293.29 3.763.76 2.312.31 4.054.05 3.33.3 2.562.56
ZimbabweZimbabwe 2.882.88 2.992.99 2.842.84 1.371.37 3.643.64 3.153.15
AlbaniaAlbania 3.483.48 3.143.14 2.052.05 4.694.69 5.465.46 3.153.15
AlgeriaAlgeria 3.913.91 3.883.88 33 6.416.41 5.445.44 3.393.39
EcuadorEcuador 3.573.57 2.932.93 2.642.64 5.585.58 5.125.12 2.922.92
AzerbaijanAzerbaijan 4.074.07 3.643.64 3.583.58 5.695.69 4.734.73 3.513.51
El SalvadorEl Salvador 4.054.05 3.633.63 3.983.98 4.894.89 5.285.28 3.423.42
BangladeshBangladesh 3.553.55 2.872.87 2.192.19 4.624.62 4.714.71 2.472.47
BeninBenin 3.493.49 3.573.57 2.362.36 4.694.69 4.254.25 2.842.84
Bosnia and HerzegovinaBosnia and Herzegovina 3.553.55 3.143.14 2.262.26 4.564.56 5.165.16 3.263.26
Burkina FasoBurkina Faso 3.433.43 3.763.76 2.372.37 4.874.87 3.323.32 2.52.5
CameroonCameroon 3.373.37 3.13.1 2.062.06 5.035.03 3.853.85 2.842.84
ChadChad 2.782.78 2.562.56 1.631.63 4.14.1 3.233.23 22
EgyptEgypt 3.963.96 4.194.19 3.543.54 3.743.74 5.235.23 3.683.68
Gambia, TheGambia, The 3.593.59 4.284.28 3.143.14 3.743.74 4.144.14 2.962.96
EstoniaEstonia 4.744.74 4.744.74 4.384.38 5.855.85 6.066.06 5.185.18
IndonesiaIndonesia 4.244.24 3.93.9 2.742.74 4.594.59 5.315.31 44
JordanJordan 4.324.32 4.774.77 4.224.22 4.384.38 5.615.61 4.314.31
KazakhstanKazakhstan 4.144.14 3.673.67 3.223.22 5.635.63 5.095.09 4.114.11
Cont…..Cont…..
Kyrgyz RepublicKyrgyz Republic 3.343.34 2.862.86 2.382.38 3.523.52 5.055.05 3.573.57
MalaysiaMalaysia 5.15.1 5.185.18 5.295.29 5.185.18 6.086.08 4.864.86
MaliMali 3.373.37 3.853.85 2.572.57 4.464.46 3.223.22 2.62.6
MauritaniaMauritania 3.263.26 3.773.77 2.122.12 3.953.95 4.054.05 2.332.33
MoroccoMorocco 4.084.08 4.094.09 3.433.43 4.464.46 5.355.35 3.633.63
EthiopiaEthiopia 3.283.28 3.713.71 2.542.54 3.463.46 3.583.58 2.552.55
FinlandFinland 5.495.49 6.166.16 5.845.84 5.875.87 6.586.58 6.016.01
FranceFrance 5.185.18 5.095.09 6.466.46 4.934.93 6.316.31 5.385.38
MozambiqueMozambique 3.023.02 3.213.21 2.182.18 3.83.8 2.952.95 2.332.33
NigeriaNigeria 3.693.69 3.333.33 2.22.2 5.585.58 3.553.55 33
PakistanPakistan 3.773.77 3.663.66 3.223.22 4.374.37 4.094.09 2.722.72
GeorgiaGeorgia 3.833.83 3.623.62 2.922.92 4.494.49 5.265.26 3.593.59
GermanyGermany 5.515.51 5.835.83 6.656.65 4.934.93 5.885.88 5.335.33
GreeceGreece 4.084.08 4.314.31 4.384.38 4.294.29 5.835.83 4.444.44
SenegalSenegal 3.613.61 3.43.4 2.622.62 4.944.94 4.174.17 3.113.11
SyriaSyria 3.913.91 3.993.99 3.193.19 4.454.45 5.425.42 3.133.13
TajikistanTajikistan 3.373.37 3.63.6 2.412.41 3.543.54 4.724.72 3.063.06
TanzaniaTanzania 3.563.56 3.973.97 2.532.53 4.034.03 4.184.18 2.552.55
GuatemalaGuatemala 3.863.86 3.493.49 3.33.3 4.634.63 5.035.03 3.173.17
TunisiaTunisia 4.594.59 5.165.16 4.544.54 4.84.8 6.136.13 4.784.78
TurkeyTurkey 4.254.25 4.134.13 3.683.68 4.664.66 5.315.31 4.054.05
UgandaUganda 3.333.33 3.213.21 2.422.42 4.314.31 3.063.06 2.842.84
UzbekistanUzbekistan 4.134.13 4.14.1 3.463.46 4.344.34 5.545.54 4.254.25
Competitiveness Scores in Private Sector Related FieldsCompetitiveness Scores in Private Sector Related Fields
CountryCountry Goods Market Goods Market EfficiencyEfficiency
Labor Market Labor Market EfficiencyEfficiency
Financial Financial Market Market
SophisticSophisticationation
Technology Technology ReadinessReadiness
Market Market SizeSize
Business Business SophiSophisticatisticati
onon
InnovatioInnovationn
ArgentinaArgentina 3.533.53 3.493.49 3.493.49 2.962.96 4.834.83 3.973.97 2.912.91
ArmeniaArmenia 3.713.71 4.544.54 3.593.59 2.552.55 2.422.42 3.263.26 2.872.87
HondurasHonduras 3.913.91 4.334.33 4.014.01 2.622.62 2.812.81 3.793.79 2.752.75
HungaryHungary 4.264.26 4.364.36 4.644.64 3.913.91 4.264.26 4.354.35 3.613.61
IndiaIndia 4.664.66 4.074.07 4.934.93 3.173.17 6.166.16 4.814.81 3.93.9
IrelandIreland 5.415.41 4.874.87 5.915.91 4.654.65 4.174.17 5.075.07 4.544.54
AustraliaAustralia 5.325.32 55 5.875.87 5.25.2 4.94.9 4.814.81 4.414.41
AustriaAustria 5.415.41 4.524.52 5.135.13 5.175.17 4.474.47 5.695.69 4.764.76
ItalyItaly 4.324.32 3.53.5 3.963.96 4.374.37 5.615.61 4.914.91 3.453.45
BelgiumBelgium 5.25.2 4.14.1 5.375.37 4.824.82 4.684.68 5.445.44 4.744.74
JamaicaJamaica 4.294.29 4.424.42 4.664.66 3.893.89 2.342.34 4.044.04 3.273.27
BoliviaBolivia 3.263.26 3.653.65 3.643.64 2.252.25 2.792.79 3.053.05 2.252.25
JapanJapan 5.225.22 5.115.11 4.944.94 5.065.06 6.086.08 5.765.76 5.645.64
KenyaKenya 3.973.97 4.344.34 4.674.67 2.762.76 3.153.15 4.034.03 3.473.47
KoreaKorea 5.235.23 4.794.79 5.155.15 5.465.46 5.375.37 5.475.47 5.365.36
BotswanaBotswana 3.693.69 4.414.41 4.774.77 3.063.06 2.662.66 3.413.41 2.852.85
LatviaLatvia 4.474.47 4.614.61 4.94.9 4.014.01 3.083.08 4.024.02 3.083.08
LesothoLesotho 3.43.4 3.923.92 3.273.27 2.382.38 1.981.98 2.92.9 2.312.31
Cont…..Cont…..
Appendix -II
BrazilBrazil 3.83.8 3.963.96 4.144.14 3.353.35 5.445.44 4.484.48 3.53.5
LithuaniaLithuania 4.524.52 4.494.49 4.594.59 4.044.04 3.43.4 4.434.43 3.453.45
BulgariaBulgaria 3.893.89 4.254.25 4.094.09 3.113.11 3.663.66 3.573.57 2.962.96
Macedonia, FYRMacedonia, FYR 3.773.77 3.863.86 3.983.98 2.772.77 2.542.54 3.353.35 2.882.88
MadagascarMadagascar 3.713.71 4.314.31 3.193.19 2.472.47 2.582.58 3.413.41 2.992.99
MauritiusMauritius 4.424.42 4.154.15 5.055.05 3.393.39 2.592.59 4.194.19 3.013.01
MexicoMexico 4.234.23 4.094.09 4.284.28 3.233.23 5.345.34 4.224.22 3.113.11
MoldovaMoldova 3.693.69 4.284.28 3.683.68 2.512.51 2.312.31 3.123.12 2.622.62
MongoliaMongolia 3.813.81 4.354.35 3.653.65 2.532.53 1.941.94 3.033.03 2.862.86
NamibiaNamibia 3.93.9 4.444.44 4.424.42 2.772.77 2.552.55 3.393.39 2.662.66
NepalNepal 3.733.73 3.623.62 3.643.64 2.412.41 3.063.06 3.293.29 2.492.49
NetherlandsNetherlands 5.375.37 4.714.71 5.635.63 5.655.65 4.954.95 5.545.54 4.884.88
BurundiBurundi 3.133.13 4.094.09 2.512.51 2.12.1 1.551.55 2.822.82 2.292.29
New ZealandNew Zealand 5.355.35 5.175.17 6.026.02 4.824.82 3.693.69 4.754.75 4.094.09
NicaraguaNicaragua 3.613.61 4.074.07 3.873.87 2.322.32 2.762.76 3.313.31 2.482.48
NorwayNorway 5.095.09 4.934.93 5.615.61 5.465.46 4.094.09 5.195.19 4.64.6
PanamaPanama 4.334.33 4.274.27 5.25.2 3.183.18 2.852.85 4.274.27 2.972.97
ParaguayParaguay 3.513.51 3.743.74 3.823.82 2.212.21 2.962.96 3.183.18 2.112.11
CambodiaCambodia 4.014.01 4.744.74 2.932.93 2.322.32 3.273.27 3.43.4 2.692.69
PeruPeru 4.144.14 4.124.12 4.684.68 2.942.94 4.014.01 4.114.11 2.782.78
PhilippinesPhilippines 4.194.19 4.054.05 4.064.06 3.073.07 4.774.77 4.24.2 3.033.03
PolandPoland 4.124.12 4.444.44 4.324.32 3.443.44 4.884.88 4.044.04 3.283.28
PortugalPortugal 4.594.59 4.144.14 4.944.94 4.284.28 4.284.28 4.374.37 3.713.71
Cont…..Cont…..
RomaniaRomania 4.044.04 4.134.13 4.054.05 3.293.29 4.234.23 3.993.99 3.093.09
RussiaRussia 3.943.94 4.74.7 3.63.6 3.033.03 5.545.54 3.73.7 3.313.31
SerbiaSerbia 3.533.53 3.863.86 3.733.73 3.343.34 3.233.23 3.533.53 3.083.08
CanadaCanada 5.265.26 5.245.24 5.645.64 5.345.34 5.345.34 5.125.12 4.94.9
Slovak RepublicSlovak Republic 4.664.66 4.764.76 5.025.02 4.084.08 3.813.81 4.264.26 3.423.42
SloveniaSlovenia 4.634.63 4.434.43 4.684.68 4.294.29 3.283.28 4.654.65 3.753.75
South AfricaSouth Africa 4.734.73 4.164.16 5.195.19 3.573.57 4.894.89 4.614.61 3.713.71
SpainSpain 4.594.59 4.084.08 4.964.96 4.334.33 5.365.36 4.814.81 3.583.58
ChileChile 4.934.93 4.964.96 5.175.17 3.893.89 4.154.15 4.654.65 3.483.48
ChinaChina 4.264.26 4.44.4 3.353.35 33 6.86.8 4.184.18 3.63.6
Sri LankaSri Lanka 4.354.35 3.713.71 4.394.39 2.842.84 3.743.74 4.264.26 3.583.58
SwedenSweden 5.375.37 4.614.61 5.735.73 5.875.87 4.474.47 5.75.7 5.535.53
ColombiaColombia 3.933.93 4.254.25 4.224.22 2.982.98 4.524.52 4.14.1 3.113.11
SwitzerlandSwitzerland 5.395.39 5.645.64 5.45.4 5.675.67 4.384.38 5.85.8 5.745.74
ThailandThailand 4.664.66 5.095.09 4.634.63 3.613.61 4.994.99 4.454.45 3.623.62
Timor-LesteTimor-Leste 2.992.99 3.913.91 3.253.25 2.422.42 1.11.1 2.782.78 2.172.17
Trinidad and TobagoTrinidad and Tobago 4.044.04 4.324.32 4.74.7 3.113.11 2.642.64 3.933.93 33
UkraineUkraine 3.743.74 4.34.3 3.963.96 2.752.75 4.624.62 3.833.83 3.223.22
Costa RicaCosta Rica 4.44.4 4.934.93 4.254.25 3.353.35 3.313.31 4.54.5 3.623.62
CroatiaCroatia 4.14.1 4.384.38 4.274.27 3.463.46 3.453.45 4.114.11 3.433.43
Czech RepublicCzech Republic 4.654.65 4.644.64 4.64.6 4.124.12 4.384.38 4.714.71 3.953.95
United KingdomUnited Kingdom 5.35.3 5.295.29 6.176.17 5.275.27 5.745.74 5.415.41 4.794.79
United StatesUnited States 5.325.32 5.715.71 5.685.68 5.435.43 6.836.83 5.65.6 5.775.77
Cont…..Cont…..
UruguayUruguay 4.054.05 4.14.1 3.893.89 3.093.09 2.972.97 3.723.72 3.013.01
VenezuelaVenezuela 3.283.28 3.623.62 3.663.66 2.952.95 4.044.04 3.523.52 2.792.79
DenmarkDenmark 5.435.43 5.525.52 5.895.89 5.645.64 4.194.19 5.65.6 5.115.11
Dominican RepublicDominican Republic 3.743.74 4.134.13 3.633.63 3.133.13 3.463.46 3.73.7 2.672.67
VietnamVietnam 4.074.07 4.484.48 3.833.83 2.852.85 4.514.51 3.813.81 3.223.22
ZambiaZambia 3.613.61 4.064.06 4.484.48 2.522.52 2.232.23 3.213.21 2.582.58
ZimbabweZimbabwe 3.153.15 3.573.57 3.893.89 2.262.26 2.872.87 3.33.3 2.672.67
AlbaniaAlbania 3.513.51 4.124.12 3.663.66 33 2.532.53 3.353.35 2.12.1
AlgeriaAlgeria 3.863.86 3.623.62 3.063.06 2.542.54 4.234.23 3.263.26 2.952.95
EcuadorEcuador 3.353.35 3.733.73 3.693.69 2.572.57 3.373.37 3.573.57 2.562.56
AzerbaijanAzerbaijan 3.823.82 4.484.48 3.883.88 2.922.92 3.293.29 3.843.84 3.363.36
El SalvadorEl Salvador 4.324.32 4.534.53 4.44.4 2.872.87 3.063.06 3.923.92 2.662.66
BangladeshBangladesh 3.843.84 4.214.21 4.094.09 2.252.25 4.414.41 3.413.41 2.562.56
BeninBenin 3.763.76 3.863.86 3.763.76 2.462.46 2.112.11 3.513.51 2.972.97
Bosnia and HerzegovinaBosnia and Herzegovina 3.593.59 4.214.21 4.234.23 2.492.49 3.123.12 3.23.2 2.532.53
Burkina FasoBurkina Faso 3.93.9 4.144.14 3.833.83 2.42.4 2.392.39 3.443.44 2.942.94
CameroonCameroon 3.633.63 3.873.87 3.163.16 2.562.56 33 3.293.29 2.682.68
ChadChad 2.842.84 3.743.74 2.862.86 2.132.13 2.262.26 2.962.96 2.282.28
EgyptEgypt 4.034.03 3.213.21 3.53.5 2.842.84 4.524.52 4.084.08 3.173.17
Gambia, TheGambia, The 3.953.95 4.454.45 3.983.98 2.672.67 1.431.43 3.693.69 2.742.74
EstoniaEstonia 4.954.95 4.764.76 5.15.1 5.075.07 2.892.89 4.394.39 3.753.75
IndonesiaIndonesia 5.065.06 4.744.74 4.654.65 2.992.99 5.175.17 4.654.65 3.563.56
JordanJordan 4.464.46 4.094.09 4.554.55 3.163.16 3.083.08 4.184.18 3.343.34
Cont…..Cont…..
KazakhstanKazakhstan 4.24.2 4.954.95 4.024.02 2.982.98 3.913.91 3.763.76 3.13.1
Kyrgyz RepublicKyrgyz Republic 3.493.49 4.294.29 3.533.53 2.142.14 2.252.25 3.223.22 2.532.53
MalaysiaMalaysia 5.25.2 4.954.95 5.495.49 4.284.28 4.524.52 5.175.17 4.54.5
MaliMali 3.823.82 4.14.1 3.423.42 2.452.45 2.442.44 3.353.35 2.982.98
MauritaniaMauritania 3.423.42 3.983.98 3.153.15 2.652.65 2.042.04 3.433.43 2.562.56
MoroccoMorocco 4.134.13 3.63.6 3.933.93 3.063.06 3.953.95 3.933.93 3.253.25
EthiopiaEthiopia 3.653.65 4.264.26 3.323.32 2.362.36 3.443.44 3.183.18 2.612.61
FinlandFinland 5.355.35 4.754.75 5.585.58 5.365.36 4.084.08 5.465.46 5.675.67
FranceFrance 5.035.03 4.064.06 5.25.2 4.884.88 5.665.66 5.475.47 4.694.69
MozambiqueMozambique 3.223.22 3.963.96 3.313.31 2.292.29 2.982.98 33 2.562.56
NigeriaNigeria 4.194.19 4.224.22 4.484.48 2.642.64 4.034.03 3.983.98 3.223.22
PakistanPakistan 3.953.95 3.863.86 4.324.32 2.772.77 4.564.56 3.853.85 3.153.15
GeorgiaGeorgia 3.953.95 4.754.75 3.983.98 2.562.56 2.492.49 3.143.14 2.652.65
GermanyGermany 5.295.29 4.454.45 5.645.64 5.055.05 5.95.9 5.935.93 5.465.46
GreeceGreece 4.244.24 3.693.69 4.414.41 3.293.29 4.334.33 4.134.13 3.233.23
SenegalSenegal 3.983.98 3.73.7 3.563.56 2.932.93 2.72.7 3.823.82 3.13.1
SyriaSyria 3.953.95 3.723.72 3.443.44 2.52.5 3.53.5 44 2.882.88
TajikistanTajikistan 3.473.47 4.254.25 3.163.16 2.272.27 2.232.23 3.183.18 2.822.82
TanzaniaTanzania 3.923.92 4.384.38 4.034.03 2.62.6 2.812.81 3.613.61 3.153.15
GuatemalaGuatemala 4.234.23 4.154.15 3.943.94 2.942.94 3.263.26 4.154.15 33
TunisiaTunisia 4.774.77 4.164.16 4.324.32 3.433.43 3.683.68 4.614.61 4.024.02
TurkeyTurkey 4.544.54 3.63.6 4.44.4 3.393.39 4.974.97 4.454.45 3.363.36
UgandaUganda 3.663.66 4.794.79 3.763.76 2.692.69 3.083.08 3.543.54 3.13.1
UzbekistanUzbekistan 4.164.16 4.494.49 3.473.47 2.922.92 3.33.3 4.174.17 3.553.55
Public Policy related Indicators
Private Sector related Indicators
Appendix -III
Business environment: enterprise surveysBusiness environment: enterprise surveys
CountriesCountries SurveSurvey yeary year
Regulations and taxRegulations and tax
PermitPermits and s and licenselicensess
CorrupCorruptiontion CrimeCrime InformalityInformality
GendeGenderr
FinancFinancee
InfrastInfrastructureructure
InnovInnovationation TradeTrade
WorkWorkforceforce
Time Time dealing dealing
with with officials % officials %
of of managememanageme
nt timent time
AveragAverage e
number number of of
times times managmanagement ement met met with with tax tax
officialsofficials
Time Time requirerequire
d to d to obtain obtain operatioperati
ng ng license license daysdays
UnofficUnofficial ial
paymepayments to nts to public public officialofficials % of s % of firmsfirms
LosseLosses due s due
to to theft, theft, robberobbe
ry, ry, vandavandalism lism and and
arson arson % of % of SalesSales
Firms that Firms that do not do not
report all report all sales for sales for
tax tax purposes % purposes %
of firmsof firms
Firms Firms with with
female female participarticipation pation
in in ownerownership % ship %
of of firmsfirms
Firms Firms using using banks banks
to to finance finance investinvestment ment % of % of firmsfirms
Value Value lost lost
due to due to electricelectric
al al outageoutages % of s % of SalesSales
ISO ISO certificertificatiocatio
n n owneownership rship % of % of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
FirmFirms s
offerioffering ng
formformal al
trainitraining % ng %
of of firmsfirms
AfghanistAfghanistanan .... .... .... .... .... .... .... .... .... .... .... ....
AlbaniaAlbania 20052005 10.410.4 6.66.6 64.364.3 00 66.266.2 14.114.1 27.927.9 10.910.9 16.716.7 1.41.4 47.547.5
AlgeriaAlgeria 20022002 .... .... .... 75.275.2 0.50.5 70.470.4 .... 16.916.9 4.34.3 .... 8.68.6 31.831.8
AngolaAngola 20062006 7.17.1 5.25.2 24.124.1 46.346.3 2.42.4 67.867.8 23042304 2.12.1 3.73.7 5.15.1 16.516.5 19.419.4
ArgentinaArgentina 20062006 14.114.1 4.64.6 175.8175.8 18.718.7 3.73.7 49.149.1 30.330.3 6.96.9 1.41.4 26.926.9 5.55.5 52.252.2
ArmeniaArmenia 20052005 33 2.92.9 .... 24.624.6 00 26.226.2 12.512.5 3535 2.52.5 5.75.7 55 35.935.9
AustraliaAustralia .... .... .... .... .... .... .... .... .... .... .... ....
AustriaAustria .... .... .... .... .... .... .... .... .... .... .... ....
AzerbaijanAzerbaijan 20052005 5.25.2 1.31.3 37.837.8 0.20.2 38.738.7 14.414.4 0.60.6 5.95.9 10.310.3 1.61.6 16.316.3
BangladesBangladeshh
20072007 3.23.2 1.41.4 6.16.1 82.282.2 1.21.2 16.116.1 11.611.6 10.610.6 7.87.8 8.48.4 16.216.2
BelarusBelarus 20052005 3.63.6 3.13.1 26.226.2 0.20.2 2020 23.823.8 10.510.5 3.83.8 8.98.9 33 49.749.7
BelgiumBelgium .... .... .... .... .... .... .... .... .... .... .... ....
BeninBenin 20042004 6.56.5 6.36.3 39.939.9 57.757.7 0.30.3 39.639.6 .... 20.820.8 6.56.5 2.72.7 6.36.3 35.335.3
BoliviaBolivia 20062006 13.513.5 3.53.5 3030 3232 3.33.3 51045104 41.141.1 21.121.1 404404 13.813.8 15.315.3 53.953.9
Cont….. Cont…..
Appendix -IV
CountriesCountriesSurveSurve
y y yearyear
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorrCorruptiouptionn CrimeCrime
InforInformalitmalityy
GendGenderer
FinanFinancece
InfrastInfrastructureructure
InnovInnovationation TradeTrade
WorkWorkforceforce
Time Time dealing dealing
with with officials officials
% of % of managemmanagement timeent time
AverAverage age
numbnumber of er of times times manamanagemegeme
nt nt met met with with tax tax
officiofficialsals
Time Time required to required to
obtain obtain operating operating
license license daysdays
UnoffUnofficial icial paypay
mentments to s to
publipublic c
officiofficials % als %
of of firmsfirms
Losses Losses due to due to theft, theft, robberrobber
y, y, vandalivandalism and sm and arson arson % of % of SalesSales
Firms Firms that that do do not not
reporreport all t all
sales sales for for tax tax
purpopurposes % ses %
of of firmsfirms
FirmFirms s
with with femafema
le le partiparticipatcipation ion in in
owneownership rship % of % of firmsfirms
Firms Firms using using bankbanks to s to
finanfinance ce
invesinvestmentment % of t % of firmsfirms
Value Value lost lost
due to due to electrielectri
cal cal outageoutages % of s % of SalesSales
ISO ISO certificertification cation ownerownership ship % of % of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
Firms Firms offeriofferi
ng ng formform
al al trainitraining % ng %
of of firmsfirms
Bosnia & H.Bosnia & H. 20020055
4.34.3 1.91.9 24.24.11
44 29.229.2 25.25.22
17.517.5 204204 14.514.5 22 47.247.2
BotswanaBotswana 20020066
55 2.42.4 13.713.7 27.27.66
3.23.2 65.365.3 40.40.99
11.311.3 1.41.4 12.712.7 104104 37.737.7
BrazilBrazil 20020033
7.27.2 .... .... .... 44 82.882.8 .... 22.922.9 1.61.6 19.119.1 8.28.2 67.167.1
BulgariaBulgaria 20020055
2.82.8 4.74.7 ....36.36.11
0.30.3 39.739.7 36.36.55
24.724.7 1.31.3 1111 22 32.332.3
Burkina Burkina FasoFaso
20020066
9.59.5 2.52.5 .... 8787 1.81.8 58.858.8 23.23.33
22.322.3 3.93.9 7.47.4 2.82.8 43.143.1
BurundiBurundi 20020066
5.75.7 2.12.1 27.327.3 56.56.55
4.94.9 42.742.7 34.34.88
12.312.3 10.710.7 7.17.1 .... 22.122.1
CambodiaCambodia 20020033
8.68.6 7.27.2 ....82.82.44
1.61.6 9191 6.86.8 2.22.2 2.82.8 .... 22.522.5
CameroonCameroon 20020066
12.812.8 6.46.4 15.615.6 77.77.44
3.83.8 38.738.7 35.35.33
1818 3.93.9 16.416.4 4.34.3 42.442.4
CanadaCanada .... .... .... .... .... .... .... .... .... .... .... ....
C.A. Rep.C.A. Rep. .... .... .... .... .... .... .... .... .... .... .... ....
ChadChad .... .... .... .... .... .... .... .... .... .... .... ....
ChileChile 20020066
99 5.45.4 67.767.7 8.28.2 1.31.3 27.927.9 27.27.88
2929 1.81.8 2222 5.85.8 46.946.9
ChinaChina 20020033
18.318.3 14.414.4 11.811.8 72.72.66
0.10.1 49.549.5 9.89.8 1.31.3 35.935.9 6.76.7 84.884.8
H.K, ChinaH.K, China .... .... .... .... .... .... .... .... .... .... .... ....
ColombiaColombia 20020066
14.314.3 2.52.5 28.228.2 8.28.2 2.92.9 38.738.7 4343 30.530.5 2.32.3 5.95.9 7.17.1 39.539.5
Cont….. Cont…..
Business environment: enterprise surveys
CountriesCountriesSurveSurve
y y yearyear
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorrCorruptiouptionn
CrimeCrimeInforInformalitmalityy
GendGenderer
FinanFinancece
InfrastInfrastructureructure
InnovInnovationation TradeTrade WorkWork
forceforce
Time Time dealing dealing
with with officials officials
% of % of managemmanagement timeent time
AverAverage age
numbnumber of er of times times manamanagemegeme
nt nt met met with with tax tax
officiofficialsals
Time Time required to required to
obtain obtain operating operating
license license daysdays
UnoffUnofficial icial paypay
mentments to s to
publipublic c
officiofficials % als %
of of firmsfirms
Losses Losses due to due to theft, theft, robberrobber
y, y, vandalvandal
ism ism and and
arson arson % of % of SalesSales
Firms Firms that that do do not not
reporreport all t all
sales sales for for tax tax
purpopurposes % ses %
of of firmsfirms
FirmFirms s
with with femafema
le le partiparticipatcipation ion in in
ownownershiership % p % of of
firmsfirms
Firms Firms using using bankbanks to s to
finanfinance ce
invesinvestmentment % t % of of
firmsfirms
Value Value lost lost
due to due to electrielectri
cal cal outageoutages % of s % of SalesSales
ISO ISO certificertification cation ownerownership ship % of % of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
Firms Firms offeriofferi
ng ng formform
al al trainitraining % ng %
of of firmsfirms
Congo, Dem.Congo, Dem. 20020066
6.36.3 1010 17.817.8 83.83.88
6.56.5 65.465.4 21.21.22
3.33.3 5.65.6 4.34.3 3.63.6 11.411.4
Congo, Rep.Congo, Rep. .... .... .... .... .... .... .... .... .... .... .... ....
Costa RicaCosta Rica 20020055
9.69.6 0.70.7 33.33.88
0.40.4 68.368.3 34.34.77
9.39.3 1.91.9 10.510.5 3.53.5 46.446.4
Cote d'ivoireCote d'ivoire .... .... .... .... .... .... .... .... .... .... .... ....
CroatiaCroatia 20020055
2.72.7 2.32.3 20.20.88
0.20.2 33.333.3 2020 29.729.7 2.42.4 16.116.1 22 59.959.9
CubaCuba .... .... .... .... .... .... .... .... .... .... .... ....
Czech Rep.Czech Rep. 20020055
2.12.1 1.71.7 25.25.55
0.40.4 51.151.1 21.21.88
11.411.4 1.61.6 12.512.5 3.63.6 60.360.3
DenmarkDenmark .... .... .... .... .... .... .... .... .... .... .... ....
Domin. Rep.Domin. Rep. 20020055
8.88.8 2.72.7 26.26.33
0.70.7 73.673.6 3.63.6 15.215.2 9.69.6 11.411.4 53.353.3
EcuadorEcuador 20020066
17.317.3 2.62.6 19.919.9 20.20.77
33 37.637.6 32.32.77
23.823.8 2.72.7 18.218.2 77 61.661.6
Egypt, Arab Egypt, Arab Rep.Rep.
20020044
.... 7.27.2 112.8112.8 21.21.22
3333 7.97.9 4.54.5 1212 4.84.8 13.413.4
EI SalvadorEI Salvador 20020066
9.29.2 4.14.1 35.435.4 27.27.33
5.65.6 42.342.3 39.39.66
17.317.3 2.92.9 1111 2.92.9 49.649.6
EritreaEritrea 20020022
3.83.8 .... 6.86.8 84.284.2 5.35.3 30.530.5 6.66.6 20.320.3
EstoniaEstonia 20020055
2.32.3 2.22.2 16.16.22
0.40.4 24.724.7 34.34.11
17.817.8 1.11.1 13.213.2 1.81.8 64.964.9
EthiopiaEthiopia 20020066
3.83.8 1.81.8 11.411.4 12.12.44
1.41.4 51.651.6 30.30.99
1111 0.90.9 4.24.2 4.34.3 38.238.2
Cont….. Cont…..
Business environment: enterprise surveys
CountriesCountriesSurvSurvey ey
yearyear
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorrCorruptiuptionon
CrimeCrimeInforInformalitmalityy
GenGenderder
FinaFinancence
InfrastInfrastructurructuree
InnovInnovationation TradeTrade WorkWork
forceforce
Time Time dealing dealing
with with officials officials
% of % of managemanage
ment ment timetime
AverAverage age numnumber ber of of
timetimes s
manmanageage
ment ment met met with with tax tax
officiofficialsals
Time Time required to required to
obtain obtain operating operating
license license daysdays
UnofUnofficial ficial paypaymenments to ts to publipubli
c c officiofficials als
% of % of firmfirm
ss
Losses Losses due to due to theft, theft, robberrobber
y, y, vandalvandal
ism ism and and
arson arson % of % of SalesSales
Firms Firms that that do do not not
reporreport all t all
sales sales for for tax tax
purppurposes oses % of % of firmsfirms
FirmFirms s
with with femfemale ale
partiparticipatcipation ion in in
ownownershiership % p % of of
firmfirmss
FirmFirms s
using using bankbanks to s to
finanfinance ce
invesinvestmentment % t % of of
firmsfirms
Value Value lost lost
due to due to electrielectri
cal cal outageoutages % of s % of SalesSales
ISO ISO certificertificatiocatio
n n owneownership rship % of % of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
FirmFirms s
offerioffering ng
formformal al
trainitraining % ng %
of of firmsfirms
FinlandFinland .... .... .... .... .... .... .... .... .... .... .... ....
FranceFrance .... .... .... .... .... .... .... .... .... .... .... ....
GabonGabon .... .... .... .... .... .... .... .... .... .... .... ....
Gambia, TheGambia, The 20020066
7.37.3 3.23.2 9.19.1 52.52.11
8.78.7 88.188.1 21.21.33
7.67.6 11.811.8 22.222.2 55 25.625.6
GeorgiaGeorgia 20020055
3.13.1 7.97.9 11.11.11
0.30.3 3636 36.36.99
12.512.5 9.29.2 1313 3.43.4 2424
GermanyGermany .... .... .... .... .... .... .... .... .... .... .... ....
GhanaGhana 20020077
44 4.64.6 6.46.4 38.38.88
3.73.7 59.259.2 4444 1616 66 6.86.8 7.87.8 3333
GreeceGreece .... .... .... .... .... .... .... .... .... .... .... ....
GuatemalaGuatemala 20020066
9.29.2 3.93.9 75.475.4 1313 5.25.2 44.244.2 28.28.44
12.812.8 4.54.5 88 4.54.5 28.128.1
GuineaGuinea 20020066
2.72.7 3.63.6 1313 84.84.88
8.38.3 95.495.4 25.25.44
0.90.9 1414 5.25.2 4.34.3 21.121.1
Guinea-BissauGuinea-Bissau 20020066
2.92.9 4.44.4 30.430.4 62.62.22
3.33.3 68.268.2 19.19.99
0.70.7 5.35.3 8.48.4 5.65.6 12.412.4
HaitiHaiti .... .... .... .... .... .... .... .... .... .... .... ....
HondurasHonduras 20020066
4.64.6 2.42.4 31.631.6 12.12.77
6.16.1 3636 39.39.99
8.58.5 3.83.8 16.516.5 66 33.333.3
HungaryHungary 20020055
44 2.52.5 32.32.11
0.10.1 4040 40.40.11
22.322.3 1.41.4 23.123.1 4.54.5 39.939.9
Cont….. Cont…..
Business environment: enterprise surveys
CountriesCountries Survey Survey yearyear
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorrCorruptiuptionon
CrimeCrimeInforInformalitmalityy
GenGenderder
FinaFinancence
InfrastInfrastructurructuree
InnovInnovationation TradeTrade WorkfWorkf
orceorce
Time Time dealing dealing
with with officials officials
% of % of managemanage
ment ment timetime
AverAverage age numnumber ber of of
timetimes s
manmanageage
ment ment met met with with tax tax
officiofficialsals
Time Time required to required to
obtain obtain operating operating
license license daysdays
UnofUnofficial ficial paypaymenments to ts to publpubl
ic ic officiofficials als
% of % of firmfirm
ss
Losses Losses due to due to theft, theft, robberrobber
y, y, vandalvandal
ism ism and and
arson arson % of % of SalesSales
Firms Firms that that do do not not
reporreport all t all
sales sales for for tax tax
purppurposes oses % of % of firmsfirms
FirmFirms s
with with femafema
le le partiparticipatcipation ion in in
ownownershiership % p % of of
firmfirmss
FirmFirms s
using using bankbanks to s to
finanfinance ce
invesinvestmentment % t % of of
firmsfirms
Value Value lost lost
due to due to electrielectri
cal cal outageoutages % of s % of SalesSales
ISO ISO certificertification cation ownerownership ship % of % of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
Firms Firms offerinofferin
g g formal formal trainintraining % of g % of firmsfirms
IndiaIndia 20062006 6.76.7 3.13.1 47.47.55
0.10.1 59.259.2 9.19.1 19.419.4 6.66.6 22.522.5 15.615.6 15.915.9
IndonesiaIndonesia 20032003 44 22 18.618.6 44.44.22
0.20.2 4444 13.913.9 3.33.3 22.122.1 4.14.1 23.823.8
Iran, Islamic Iran, Islamic Rep.Rep. .... .... .... .... .... .... .... .... .... .... .... ....
MalawiMalawi 20062006 5.85.8 8.98.9 17.417.4 35.35.77
2.32.3 55.355.3 15.15.88
20.620.6 22.622.6 17.217.2 3.53.5 51.651.6
MalaysiaMalaysia 20022002 7.37.3 5.25.2 0.30.3 23.823.8 1.81.8 31.431.4 2.52.5 4242
MaliMali 20032003 7.57.5 6.96.9 8.18.1 59.59.66
0.50.5 55.155.1 17.17.33
16.816.8 1.71.7 6.56.5 8.18.1 25.525.5
MauritaniaMauritania 20062006 5.85.8 1.91.9 10.710.7 82.82.11
5.65.6 82.582.5 3.23.2 1.61.6 5.95.9 3.93.9 25.525.5
MauritiusMauritius 20052005 9.69.6 2.12.1 17.17.55
0.10.1 26.326.3 24.24.88
36.336.3 2.92.9 28.428.4 4.44.4 62.162.1
MexicoMexico 20062006 20.520.5 2.32.3 11.911.9 2020 3.43.4 57.757.7 27.27.55
2.62.6 2.42.4 20.320.3 5.45.4 24.624.6
MoldovaMoldova 20052005 3.63.6 2.72.7 44.744.7 3636 0.10.1 40.240.2 17.717.7 2.72.7 6.96.9 2.62.6 32.532.5
MongoliaMongolia 20042004 66 7.37.3 0.60.6 80.480.4 32.832.8 1.51.5 20.520.5 3.53.5 46.246.2
MoroccoMorocco 20042004 9.29.2 0.80.8 4.94.9 00 10.710.7 24.724.7 0.70.7 22.322.3 2.22.2 33.533.5
MozambiqueMozambique .... .... .... .... .... .... .... .... .... .... .... ....
MyanmarMyanmar .... .... .... .... .... .... .... .... .... .... .... ....
Business environment: enterprise surveys
Cont….. Cont…..
CountriesCountries Survey Survey yearyear
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorrCorruptiuptionon
CrimeCrimeInforInformalitmalityy
GenGenderder
FinaFinancence
InfrastInfrastructurructuree
InnovInnovationation TradeTrade WorkWork
forceforce
Time Time dealing dealing
with with officials officials
% of % of managemanage
ment ment timetime
AverAverage age numnumber ber of of
timetimes s
manmanageage
ment ment met met with with tax tax
officiofficialsals
Time Time required to required to
obtain obtain operating operating
license license daysdays
UnofUnofficial ficial paypaymenments to ts to publipubli
c c officiofficials als
% of % of firmfirm
ss
Losses Losses due to due to theft, theft, robberrobber
y, y, vandalvandal
ism ism and and
arson arson % of % of SalesSales
Firms Firms that that do do not not
reporreport all t all
sales sales for for tax tax
purppurposes oses % of % of firmsfirms
FirmFirms s
with with femfemale ale
partiparticipatcipation ion in in
ownownershiership % p % of of
firmfirmss
FirmFirms s
using using bankbanks to s to
finanfinance ce
invesinvestmentment % t % of of
firmsfirms
Value Value lost lost
due to due to electrielectri
cal cal outageoutages % of s % of SalesSales
ISO ISO certificertificatiocatio
n n owneownership rship % of % of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
FirmFirms s
offerioffering ng
formformal al
trainitraining % ng %
of of firmsfirms
NamibiaNamibia 20062006 2.92.9 1.61.6 9.69.6 11.11.44
33 45.545.5 33.33.44
8.18.1 0.70.7 17.617.6 1.51.5 44.544.5
NepalNepal .... .... .... .... .... .... .... .... .... .... .... ....
NetherlandsNetherlands .... .... .... .... .... .... .... .... .... .... .... ....
New ZealandNew Zealand .... .... .... .... .... .... .... .... .... .... .... ....
NicaraguaNicaragua 20062006 9.39.3 2.52.5 19.719.7 16.16.88
3.83.8 60.460.4 41.41.44
1313 8.78.7 18.718.7 55 28.928.9
NigerNiger 20062006 11.511.5 4.34.3 10.910.9 69.69.77
6.16.1 29.729.7 1010 14.414.4 2.52.5 4.84.8 7.47.4 34.434.4
NigeriaNigeria .... .... .... .... .... .... .... .... .... .... .... ....
NorwayNorway .... .... .... .... .... .... .... .... .... .... .... ....
OmanOman .... 5.25.2 11.811.8 33.33.22
42.542.5 6.56.5 4.24.2 10.810.8 4.24.2 20.920.9
PakistanPakistan 20022002 8.78.7 4.24.2 35.235.2 5757 0.10.1 3.63.6 4.94.9 1717 9.79.7 11.111.1
PanamaPanama 20062006 10.310.3 2.72.7 41.241.2 24.24.22
2.72.7 54.254.2 37.37.11
19.219.2 2.42.4 14.714.7 5.75.7 43.943.9
Papua New Papua New GuineaGuinea .... .... .... .... .... .... .... .... .... .... .... ....
ParaguayParaguay 20062006 7.97.9 2.22.2 37.837.8 6868 3.13.1 42.842.8 44.44.88
88 2.52.5 7.17.1 5.55.5 46.946.9
PeruPeru 20062006 13.513.5 2.52.5 81.181.1 9.29.2 2.42.4 27.227.2 32.32.88
30.830.8 3.23.2 14.614.6 5.65.6 57.757.7
Cont….. Cont…..
Business environment: enterprise surveys
CountriesCountries Survey Survey yearyear
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorrCorruptiuptionon
CrimeCrimeInforInformalitmalityy
GenGenderder
FinaFinancence
InfrastrInfrastructureucture
InnoInnovativationon
TradeTrade WorkfWorkforceorce
Time Time dealing dealing
with with officials officials
% of % of managemanage
ment ment timetime
AverAverage age numnumber ber of of
timetimes s
manmanageage
ment ment met met with with tax tax
officiofficialsals
Time Time required required to obtain to obtain operating operating
license license daysdays
UnofUnofficiaficia
l l paypaymenments to ts to publpubl
ic ic officofficials ials % of % of firmfirm
ss
LosseLosses due s due
to to theft, theft, robberobbe
ry, ry, vandavandalism lism and and
arson arson % of % of SalesSales
FirmFirms s
that that do do not not
reporreport all t all
sales sales for for tax tax
purppurposes oses % of % of firmsfirms
FirmFirms s
with with femfemale ale partparticipaicipation tion in in
ownownershership % ip % of of
firmfirmss
FirmFirms s
usinusing g
bankbanks to s to
finanfinance ce
inveinvestmestment % nt %
of of firmsfirms
Value Value lost due lost due
to to electricelectric
al al outages outages
% of % of SalesSales
ISO ISO certcertificaification tion ownownershership % ip % of of
firmfirmss
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
Firms Firms offerinofferin
g g formal formal trainitraining % ng %
of of firmsfirms
PhilippinesPhilippines 20032003 6.96.9 3.93.9 2525 44.44.77
0.90.9 57.957.9 5.55.5 5.95.9 15.15.88
6.66.6 21.721.7
PolandPoland 20052005 33 2.72.7 16.516.5 23.23.77
0.40.4 43.943.9 33.33.66
20.20.77
1.61.6 13.13.99
3.33.3 48.448.4
PortugalPortugal .... .... .... .... .... .... .... .... .... .... .... ....
Puerto RicoPuerto Rico .... .... .... .... .... .... .... .... .... .... .... ....
RomaniaRomania 20052005 1.11.1 1.81.8 33.33.11
0.20.2 26.926.9 27.27.77
23.23.22
2.12.1 16.16.88
2.42.4 32.732.7
Russian Russian FederationFederation 20052005 6.36.3 2.52.5
59.59.99
0.50.5 40.340.3 28.28.66
10.10.22
22 9.39.3 8.28.2 37.337.3
RwandaRwanda 20062006 5.95.9 44 6.56.5 2020 7.17.1 28.928.9 4141 15.15.99
8.78.7 10.10.88
6.76.7 27.627.6
Saudi ArabiaSaudi Arabia .... .... .... .... .... .... .... .... .... .... .... ....
SenegalSenegal 20032003 6.76.7 30.530.5 25.25.33
0.60.6 26.26.33
4.34.3 6.16.1 6.66.6 32.732.7
Serbia and Serbia and MontenegroMontenegro 20052005 8.18.1 4.14.1
31.31.88
0.60.6 33.333.3 2525 16.16.77
2.42.4 11.11.77
3.23.2 47.547.5
Sierra LeoneSierra Leone .... .... .... .... .... .... .... .... .... .... .... ....
SingaporeSingapore .... .... .... .... .... .... .... .... .... .... .... ....
Slovak Rep.Slovak Rep. 20052005 33 1.81.8 34.34.33
0.40.4 2222 18.18.22
13.13.22
1.21.2 1010 5.85.8 79.479.4
Business environment: enterprise surveys
Cont….. Cont…..
CountriesCountriesSurveSurve
y y yearyear
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorruCorruptionption CrimeCrime
InforInformalimalityty
GenGenderder
FinaFinancence
InfrastInfrastructurructuree
InnovInnovationation TradeTrade WorkWork
forceforce
Time Time dealing dealing
with with officials officials
% of % of managemanage
ment ment timetime
AverAverage age numnumber ber of of
timetimes s
manmanageage
ment ment met met with with tax tax
officiofficialsals
Time Time required to required to
obtain obtain operating operating
license license daysdays
UnoffiUnofficial cial
paympayments ents to to
public public officiaofficials % ls % of of
firmsfirms
Losses Losses due to due to theft, theft, robberrobber
y, y, vandalivandalism and sm and arson arson % of % of SalesSales
FirmFirms s
that that do do not not
reporeport all rt all salesales for s for tax tax
purppurposes oses % of % of firmfirm
ss
FirFirms ms witwith h
femfemale ale parparticiticipatipation on in in owownernershiship % p % of of firfirmsms
FirmFirms s
using using bankbanks to s to
finanfinance ce
invesinvestmentment % t % of of
firmsfirms
Value Value lost lost
due to due to electrielectri
cal cal outagoutages % es %
of of SalesSales
ISO ISO certificertificatiocatio
n n owneownership rship % of % of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
FirmFirms s
offerioffering ng
formformal al
trainitraining % ng %
of of firmsfirms
SloveniaSlovenia 20020055
3.73.7 1.41.4 11.211.2 0.20.2 35.35.66
34.34.55
29.629.6 1.11.1 20.220.2 2.92.9 69.969.9
SomaliaSomalia .... .... .... .... .... .... .... .... .... .... .... ....
South AfricaSouth Africa 20020033
9.29.2 3.33.3 6.46.4 2.12.1 0.50.5 15.15.99
24.224.2 0.40.4 42.442.4 4.54.5 6464
SpainSpain .... .... .... .... .... .... .... .... .... .... .... ....
Sri LankaSri Lanka 20020044
3.53.5 5.15.1 49.549.5 16.316.3 0.50.5 42.42.22
16.216.2 7.67.6 32.632.6
SudanSudan .... .... .... .... .... .... .... .... .... .... .... ....
SwazilandSwaziland 20020066
4.44.4 1.91.9 2424 40.640.6 3.43.4 74.74.66
28.28.66
7.77.7 2.52.5 22.122.1 44 5151
SwedenSweden .... .... .... .... .... .... .... .... .... .... .... ....
SwitzerlandSwitzerland .... .... .... .... .... .... .... .... .... .... .... ....
Syrian Arab Syrian Arab RepublicRepublic
20020033
10.310.3 66 79.79.99
2.92.9 8.68.6 7.47.4 6.36.3 2121
TajikistanTajikistan 20020055
3.33.3 33 15.315.3 45.745.7 0.30.3 34.34.55
21.21.88
11 7.37.3 6.56.5 5.45.4 30.930.9
Business environment: enterprise surveys
Cont….. Cont…..
CountriesCountries SurveSurvey yeary year
Regulations and Regulations and taxtax
Permits Permits and and licenseslicenses
CorruCorruptionption CrimeCrime
InfoInformarmalitylity
GenderGender FinancFinancee
InfrastInfrastructurructuree
InnovInnovationation TradeTrade WorkfoWorkfo
rcerce
Time Time dealing dealing
with with officials officials
% of % of managemanage
ment ment timetime
AverAverage age numnumber ber of of
timetimes s
manmanageagemenmen
t t met met with with tax tax
officiofficialsals
Time Time required required to obtain to obtain operating operating
license license daysdays
UnoffUnofficial icial
paympayments ents to to
publipublic c
officiofficials % als %
of of firmsfirms
Losses Losses due to due to theft, theft, robberrobber
y, y, vandalvandal
ism ism and and
arson arson % of % of SalesSales
FirFirms ms
that that do do not not repreport ort all all
salesales s
for for tax tax purpurposposes es
% of % of firmfirm
ss
Firms Firms with with
female female participparticipation in ation in ownersownership % hip %
of firmsof firms
Firms Firms using using banks banks
to to finance finance investinvestment ment % of % of firmsfirms
Value Value lost lost
due to due to electrielectri
cal cal outagoutages % es %
of of SalesSales
ISO ISO certificertification cation ownerownership % ship %
of of firmsfirms
AveraAverage ge
time time to to
clear clear exporexpor
ts ts throuthrou
gh gh custocusto
ms ms daysdays
Firms Firms offerinofferin
g g formal formal trainintraining % of g % of firmsfirms
TanzaniaTanzania 20062006 44 3.33.3 15.915.9 49.149.1 3.93.9 7171 30.930.9 6.86.8 9.69.6 14.714.7 5.75.7 36.536.5
ThailandThailand 20042004 1.31.3 1.71.7 37.137.1 0.10.1 74.774.7 1.41.4 44.644.6 1.41.4 76.376.3
Timor-LesteTimor-Leste .... .... .... .... .... .... .... .... .... .... .... ....
TogoTogo .... .... .... .... .... .... .... .... .... .... .... ....
Trinidad and Trinidad and TobagoTobago .... .... .... .... .... .... .... .... .... .... .... ....
TunisiaTunisia .... .... .... .... .... .... .... .... .... .... .... ....
TurkeyTurkey 20052005 10.810.8 2.22.2 45.745.7 0.20.2 63.63.11
8.98.9 7.57.5 2.22.2 12.612.6 4.54.5 25.525.5
TurkmenistanTurkmenistan .... .... .... .... .... .... .... .... .... .... .... ....
UgandaUganda 20062006 5.25.2 2.92.9 9.39.3 50.650.6 4.14.1 74.74.55
34.734.7 7.77.7 10.210.2 15.515.5 4.74.7 3535
UkraineUkraine 20052005 8.18.1 4.74.7 4848 0.40.4 24.24.44
34.934.9 14.714.7 2.72.7 10.810.8 4.74.7 4444
United Arab United Arab EmiratesEmirates .... .... .... .... .... .... .... .... .... .... .... ....
Business environment: enterprise surveys
Cont….. Cont…..
CountriesCountries Survey Survey yearyear
Regulations Regulations and taxand tax
Permits Permits and and licenseslicenses
CorruptCorruptionion CrimeCrime InformalInformal
ityity GenderGender FinancFinancee
InfrastInfrastructureructure
InnovInnovationation TradeTrade WorkforWorkfor
cece
Time Time dealing dealing
with with officials officials
% of % of managmanagement ement timetime
AveAveragrage e
nunumbmber er of of
timtimes es mamanagnagemeement nt
met met witwith h
tax tax officofficialsials
Time Time required required to obtain to obtain operatinoperating license g license
daysdays
UnofficiUnofficial al
paymepayments to nts to public public officialofficials % of s % of firmsfirms
LosseLosses due s due
to to theft, theft, robberobbe
ry, ry, vandavandalism lism and and
arson arson % of % of SalesSales
Firms Firms that do that do
not not report report
all sales all sales for tax for tax
purposepurposes % of s % of firmsfirms
Firms Firms with with
female female participarticipation pation
in in ownersownership % hip %
of of firmsfirms
Firms Firms using using banks banks
to to finance finance investinvestment ment % of % of firmsfirms
Value Value lost lost
due to due to electricelectric
al al outageoutages % of s % of SalesSales
ISO ISO certificertificatiocatio
n n owneownership rship % of % of firmsfirms
AveragAverage time e time
to to clear clear
exportexports s
througthrough h
customcustoms dayss days
Firms Firms offering offering formal formal
training training % of % of firmsfirms
U.K.U.K. .... .... .... .... .... .... .... .... .... .... .... ....
United StatesUnited States .... .... .... .... .... .... .... .... .... .... .... ....
UruguayUruguay 20062006 77 2.22.2 133.8133.8 7.17.1 2.12.1 45.545.5 41.641.6 6.86.8 0.90.9 6.86.8 2.82.8 24.624.6
UzbekistanUzbekistan 20052005 2.52.5 3.53.5 36.836.8 0.10.1 14.614.6 17.217.2 3.33.3 2.72.7 8.78.7 5.15.1 16.216.2
Venezuela, RBVenezuela, RB 20062006 33.633.6 3.43.4 41.641.6 6.86.8 35.735.7 4.44.4 12.512.5 41.141.1 42.342.3
VietnamVietnam 20052005 3.13.1 2.22.2 67.267.2 0.10.1 70.370.3 27.427.4 29.229.2 11.411.4 4.94.9 4444
West Bank and West Bank and GazaGaza 20062006 5.75.7 5.25.2 21.321.3 5.25.2 7.57.5 25.725.7 1818 4.24.2 4.64.6 18.218.2 66 26.526.5
Yemen, Rep.Yemen, Rep. .... .... .... .... .... .... .... .... .... .... .... ....
ZambiaZambia 20022002 1313 2.92.9 44.444.4 2.82.8 53.553.5 17.417.4 3.83.8 5.85.8 2.32.3 34.234.2
ZimbabweZimbabwe .... .... .... .... .... .... .... .... .... .... .... ....
Source: World BankSource: World Bank
Business environment: enterprise surveys
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty Dealing with licensesDealing with licenses Employing Employing
workersworkersEnforcing Enforcing contractscontracts
Protecting Protecting InvestorsInvestors
Closing a Closing a businessbusiness
NumNumber ber of of
procproceduredures es
(June (June 20072007
))
Time Time ReqRequireuire
d d days days (Jun(Jun
e e 20072007
))
Cost Cost % of % of per per
capita capita incomincom
e e (June (June 2007)2007)
NumNumber ber of of
procproceduredures es
(June (June 20072007
))
Time Time requrequired ired days days (Jun(Jun
e e 2002007)7)
Number Number of of
procedureprocedures to build s to build
a a warehouswarehous
e (June e (June 2007)2007)
Time Time required required to build a to build a warehouwarehouse days se days (June (June 2007)2007)
Rigidity of Rigidity of employment employment index 0-100 index 0-100
(least to (least to most rigid) most rigid) (June 2007)(June 2007)
NumNumber ber of of
procproceduredures es
(June (June 20072007
))
Time Time requrequired ired days days (Jun(Jun
e e 2002007)7)
Disclosure Disclosure index 0-10 index 0-10 (least to (least to
most most disclosuredisclosure
) (June ) (June 2007)2007)
Time to Time to resolve resolve
insolvencinsolvency years y years (June (June 2007)2007)
AfghanistAfghanistanan 44 99 84.684.6 99 250250 1313 340340 2323 4747 1,641,64
2200 ....
AlbaniaAlbania 1010 3636 20.920.9 77 4747 2424 331331 3535 3939 390390 00 ....
AlgeriaAlgeria 1414 2424 13.213.2 1414 5151 2222 240240 4848 4747 630630 66 2.52.5
AngolaAngola 1212 119119 343.7343.7 77 334334 1414 337337 6969 4646 1,011,0111
55 6.26.2
ArgentinaArgentina 1414 3131 9.79.7 55 6565 2828 338338 4141 3636 590590 66 2.82.8
ArmeniaArmenia 99 1818 4.84.8 33 44 1919 116116 3131 5050 285285 55 1.91.9
AustraliaAustralia 22 22 0.80.8 55 55 1616 221221 33 2828 262262 88 11
AustriaAustria 88 2828 5.45.4 33 3232 1313 194194 3737 2626 397397 33 1.11.1
AzerbaijanAzerbaijan 1313 3030 6.96.9 77 6161 3131 207207 3838 3939 267267 44 2.72.7
BangladesBangladeshh
88 7474 46.246.2 88 425425 1414 252252 3535 4141 1,441,4422
66 44
BelarusBelarus 1010 4848 8.88.8 77 231231 1717 350350 2727 2828 225225 55 5.85.8
Business environment: Doing Business indicators
Cont….. Cont…..
Appendix -V
Cont….. Cont…..
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
Employing Employing workersworkers
Enforcing Enforcing contractscontracts
ProtectiProtecting ng
InvestorInvestorss
Closing Closing a a
businessbusiness
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time RequiRequired red
days days (June (June 2007)2007)
Cost % Cost % of per of per capita capita income income (June (June 2007)2007)
NuNumbmber er of of
proprocedcedureures s
(Jun(June e
2002007)7)
Time Time requirequired red
days days (June (June 2007)2007)
NumbeNumber of r of
procedprocedures to ures to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehwarehouse ouse days days (June (June 2007)2007)
Rigidity of Rigidity of employmeemployment index 0-nt index 0-100 (least 100 (least to most to most rigid) rigid) (June (June 2007)2007)
NuNumbmber er of of
proprocedcedureures s
(Jun(June e
2002007)7)
Time Time requirequired red
days days (June (June 2007)2007)
DisclosuDisclosure index re index
0-10 0-10 (least to (least to
most most disclosudisclosu
re) re) (June (June 2007)2007)
Time to Time to resolve resolve insolveninsolvency years cy years
(June (June 2007)2007)
BelgiumBelgium 33 44 5.35.3 77 132132 1414 169169 2020 2727 505505 88 0.90.9
BeninBenin 77 3131 195195 33 118118 1515 332332 4040 4242 720720 66 44
BoliviaBolivia 1515 5050 134.1134.1 77 9292 1717 249249 7979 3737 591591 11 1.81.8
Bosnia & Bosnia & Herz.Herz. 1212 5454 30.130.1 77 331331 1616 467467 4646 3838 595595 33 3.33.3
BotswanaBotswana 1111 108108 9.99.9 44 3030 2424 167167 2020 2929 987987 88 1.71.7
BrazilBrazil 1818 152152 10.410.4 1414 4545 1818 411411 4646 4545 616616 66 44
BulgariaBulgaria 99 3232 8.48.4 99 1919 2222 131131 2929 4040 564564 1010 3.33.3
Burkina Burkina FasoFaso 66 1818 82.182.1 88 182182 3232 226226 6161 3737 446446 66 44
BurundiBurundi 1111 4343 251251 55 9494 2020 384384 4141 4444 558558 44 ....
CambodiaCambodia 1010 8686 190.3190.3 77 5656 2323 709709 4545 4444 401401 55 ....
CameroonCameroon 1313 3737 129.2129.2 55 9393 1515 426426 4646 4343 800800 66 3.23.2
CanadaCanada 22 33 0.90.9 66 1717 1414 7575 44 3636 570570 88 0.80.8
Cen. A.RepCen. A.Rep 1010 1414 205.4205.4 33 6969 2121 239239 6161 4343 660660 66 4.84.8
ChadChad 1919 7575 188.8188.8 66 4444 99 181181 4646 4141 743743 66 ....
Business environment: Doing Business indicators
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmployiEmploying ng
workersworkers
Enforcing Enforcing contractscontracts
ProtectiProtecting ng
InvestorInvestorss
Closing a Closing a businessbusiness
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time RequRequired ired days days (June (June 20072007
))
Cost Cost % of % of per per
capitcapita a
incoincome me
(June (June 20072007
))
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
NumbeNumber of r of
procedprocedures to ures to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehwarehouse ouse days days (June (June 2007)2007)
Rigidity Rigidity of of
employemployment ment
index 0-index 0-100 100
(least to (least to most most rigid) rigid) (June (June 2007)2007)
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
DisclosuDisclosure index re index
0-10 0-10 (least to (least to
most most disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve
insolvency insolvency years (June years (June
2007)2007)
ChileChile 99 2727 8.68.6 66 3131 1818 155155 2424 3636 480480 77 4.54.5
ChinaChina 1313 3535 8.48.4 44 2929 3737 336336 2424 3535 406406 1010 1.71.7
H.K., ChinaH.K., China 55 1111 3.13.1 55 5454 2323 155155 00 2424 211211 1010 1.11.1
ColombiaColombia 1111 4242 19.319.3 99 2323 1414 146146 2727 3434 1,341,3466
88 33
Congo, Congo, Dem.Dem. 1313 155155 487.487.
2288 5757 1414 322322 7474 4343 685685 33 5.25.2
Congo, Congo, Rep.Rep. 1010 3737 150.150.
1177 137137 1414 169169 6969 4444 560560 66 33
Costa RicaCosta Rica 1212 7777 21.321.3 66 2121 2323 178178 3232 4040 877877 22 3.53.5
Cote Cote d'ivoired'ivoire 1010 4040 135.135.
8877 6262 2121 628628 3838 3333 770770 66 2.22.2
CroatiaCroatia 88 4040 11.711.7 55 174174 2222 255255 5050 3838 561561 11 3.13.1
CubaCuba .... .... .... .... .... .... .... .... .... .... .... ....
Czech Rep.Czech Rep. 1010 1717 10.610.6 44 123123 3636 180180 3131 2727 820820 22 6.56.5
DenmarkDenmark 44 66 00 66 4242 66 6969 1010 3434 380380 77 1.11.1
Dom. Rep.Dom. Rep. 99 2222 31.131.1 77 6060 1717 214214 3232 3434 460460 55 3.53.5
EcuadorEcuador 1414 6565 29.229.2 1010 1717 1919 148148 5151 3939 498498 11 5.35.3
Cont….. Cont…..
Business environment: Doing Business indicators
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmployiEmploying ng
workersworkers
Enforcing Enforcing contractscontracts
ProtectiProtecting ng
InvestorInvestorss
Closing a Closing a businessbusiness
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time RequRequired ired days days (Jun(Jun
e e 20072007
))
Cost % Cost % of per of per capita capita income income (June (June 2007)2007)
NumNumber ber of of
procproceduredures es
(June (June 20072007
))
TimTime e
reqrequireuire
d d dayday
s s (Jun(Jun
e e 2002007)7)
NumbeNumber of r of
procedprocedures to ures to build a build a warehwarehouse ouse (June (June 2007)2007)
Time Time requirrequired to ed to
build a build a warehwarehouse ouse days days (June (June 2007)2007)
Rigidity Rigidity of of
employemployment ment
index 0-index 0-100 100
(least (least to most to most rigid) rigid) (June (June 2007)2007)
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
DisclosuDisclosure index re index
0-10 0-10 (least to (least to
most most disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve
insolvency insolvency years (June years (June
2007)2007)
EgyptEgypt 77 99 28.628.6 77 193193 2828 249249 2727 4242 1,011,0100
77 4.24.2
EI EI SalvadorSalvador 99 2626 73.173.1 55 3131 3434 155155 2424 3030 786786 55 44
EritreaEritrea 1313 8484 125.8125.8 1212 101101 .... .... 2020 3939 405405 44 ....
EstoniaEstonia 55 77 22 33 5151 1313 117117 5858 3636 425425 88 33
EthiopiaEthiopia 77 1616 41.341.3 1313 4343 1212 128128 3434 3939 690690 44 33
FinlandFinland 33 1414 11 33 1414 1818 3838 4848 3333 235235 66 0.90.9
FranceFrance 55 77 1.11.1 99 123123 1313 137137 5656 3030 331331 1010 1.91.9
GabonGabon 99 5858 164164 88 6060 1414 210210 5959 3838 1,071,0700
66 55
GambiaGambia 99 3232 279279 55 371371 1717 146146 2323 3232 434434 22 33
GeorgiaGeorgia 55 1111 9.59.5 55 55 1212 113113 77 3636 285285 88 3.33.3
GermanyGermany 99 1818 5.75.7 44 4040 1212 100100 4444 3333 394394 55 1.21.2
GhanaGhana 1111 4242 41.441.4 55 3434 1818 220220 3737 3636 487487 77 1.91.9
GreeceGreece 1515 3838 23.323.3 1212 2323 1515 169169 5555 3939 819819 11 22
Business environment: Doing Business indicators
Cont….. Cont…..
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
Employing Employing workersworkers
Enforcing Enforcing contractscontracts
ProtectiProtecting ng
InvestorInvestorss
Closing Closing a a
businesbusinesss
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time RequirRequir
ed ed days days (June (June 2007)2007)
Cost % Cost % of per of per capita capita income income (June (June 2007)2007)
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 2007)2007)
NumbeNumber of r of
procedprocedures to ures to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehwarehouse ouse days days (June (June 2007)2007)
Rigidity of Rigidity of employmeemployment index 0-nt index 0-100 (least 100 (least to most to most rigid) rigid) (June (June 2007)2007)
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
DisclosuDisclosure index re index
0-10 0-10 (least to (least to
most most disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve insolveinsolve
ncy ncy years years (June (June 2007)2007)
GuatemalaGuatemala 1111 2626 47.347.3 55 3030 2222 235235 2828 2828 1,451,4599
33 33
GuineaGuinea 1313 4141 138.3138.3 66 104104 3232 255255 4141 5050 276276 66 3.83.8
Guinea-Guinea-Biss.Biss. 1717 233233 255.5255.5 99 211211 1515 167167 6666 4141 1,141,14
0066
HaitiHaiti 1212 202202 133.9133.9 55 405405 1111 1,1791,179 2121 3535 508508 22 5.75.7
HondurasHonduras 1313 2121 59.959.9 77 2424 1717 125125 4343 4545 480480 11 3.83.8
HungaryHungary 66 1616 17.717.7 44 6363 3131 211211 3030 3333 335335 22 22
IndiaIndia 1313 3333 74.674.6 66 6262 2020 224224 3030 4646 1,421,4200
77 1010
IndonesiaIndonesia 1212 105105 8080 77 4242 1919 196196 4444 3939 570570 99 5.55.5
IranIran 88 4747 5.35.3 99 3636 1919 670670 4040 3939 520520 55 4.54.5
IraqIraq 1111 7777 93.593.5 55 88 1414 215215 3838 5151 520520 44 ....
IrelandIreland 44 1313 0.30.3 55 3838 1111 185185 1717 2020 515515 1010 0.40.4
IsraelIsrael 55 3434 4.44.4 77 144144 2020 235235 2424 3535 890890 77 44
ItalyItaly 99 1313 18.718.7 88 2727 1414 257257 3838 4141 1,211,2100
77 1.81.8
JamaicaJamaica 66 88 8.78.7 55 5454 1010 236236 44 3434 565565 44 1.11.1Cont….. Cont…..
Business environment: Doing Business indicators
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
Employing Employing workersworkers
Enforcing Enforcing contractscontracts
ProtectinProtecting g
InvestorsInvestors
ClosiClosing a ng a businbusinessess
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time RequirRequir
ed ed days days (June (June 2007)2007)
Cost Cost % of % of per per
capitcapita a
incoincome me
(June (June 2007)2007)
Number Number of of
procedprocedures ures (June (June 2007)2007)
Time Time requirrequir
ed ed days days (June (June 2007)2007)
Number Number of of
proceduprocedures to res to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehowareho
use use days days (June (June 2007)2007)
Rigidity of Rigidity of employmeemployment index 0-nt index 0-100 (least 100 (least to most to most
rigid) (June rigid) (June 2007)2007)
Number Number of of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
DisclosurDisclosure index 0-e index 0-10 (least 10 (least to most to most
disclosuredisclosure) (June ) (June 2007)2007)
Time Time to to
resolresolve ve
insolinsolvencvenc
y y years years (June (June 20072007
))
JapanJapan 88 2323 7.57.5 66 1414 1515 177177 1717 3030 316316 77 0.60.6
JordanJordan 1010 1414 66.266.2 88 2222 1818 122122 3030 3939 689689 55 4.34.3
KazakhstanKazakhstan 88 2121 7.67.6 88 5252 3838 231231 2020 3838 230230 77 3.33.3
KenyaKenya 1212 4444 46.146.1 88 6464 1010 100100 2121 4444 465465 33 4.54.5
Korea, D.R.Korea, D.R. .... .... .... .... .... .... .... .... .... .... .... ....
Korea, Korea, Rep.Rep. 1010 1717 16.916.9 77 1111 1313 3434 3737 3535 230230 77 1.51.5
KuwaitKuwait 1313 3535 1.61.6 88 5555 2525 104104 1313 5050 566566 77 4.24.2
Kyrg Rep.Kyrg Rep. 88 2121 8.88.8 44 44 2020 291291 3838 3939 177177 88 44
Lao PDRLao PDR 88 103103 16.516.5 99 135135 2424 172172 3737 4242 443443 00 33
LatviaLatvia 55 1616 33 88 5454 2626 188188 4343 2727 279279 55 44
LebanonLebanon 66 4646 94.194.1 88 2525 2020 211211 2525 3737 721721 99 2.62.6
Business environment: Doing Business indicators
Cont….. Cont…..
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
Employing Employing workersworkers
Enforcing Enforcing contractscontracts
ProtecProtecting ting
InvestInvestorsors
Closing Closing a a
businessbusiness
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time RequiRequired red
days days (June (June 2007)2007)
Cost Cost % of % of per per
capitcapita a
incoincome me
(June (June 20072007
))
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 2007)2007)
NumbeNumber of r of
procedprocedures to ures to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehwarehouse ouse days days (June (June 2007)2007)
Rigidity of Rigidity of employmeemployment index 0-nt index 0-100 (least 100 (least to most to most rigid) rigid) (June (June 2007)2007)
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
DiscloDisclosure sure index index 0-10 0-10
(least (least to to
most most disclodisclosure) sure) (June (June 2007)2007)
Time to Time to resolve resolve insolveninsolvency years cy years
(June (June 2007)2007)
LesothoLesotho 88 7373 37.437.4 66 101101 1515 601601 2424 4141 695695 22 33
LiberiaLiberia 1212 9999 493.493.33
1313 5050 2525 398398 3131 4141 1,281,2800
44 1.71.7
LibyaLibya .... .... .... .... .... .... .... .... .... .... .... ....
LithuaniaLithuania 77 2626 33 33 .... 1717 156156 4848 3030 210210 55 3.73.7
MacedoniaMacedonia 99 1515 6.66.6 66 33 1919 192192 5050 3939 385385 55 2.62.6
MadagascarMadagascar 55 77 22.722.7 88 9898 1616 268268 6363 3838 871871 55 2.32.3
MalawiMalawi 1010 3737 188.188.77
66 134134 2121 213213 2525 4242 432432 44 3.63.6
MalaysiaMalaysia 99 2424 18.118.1 55 8888 2525 285285 1010 3030 600600 1010 88
MaliMali 1111 2626 132.132.11
55 144144 1414 208208 3838 3939 860860 66 1.71.7
MauritaniaMauritania 1111 6565 56.256.2 44 2929 2525 201201 4545 4646 400400 55 1.81.8
MauritiusMauritius 66 77 5.35.3 66 4949 1818 107107 2323 3737 750750 66 2.82.8
MexicoMexico 88 2727 13.313.3 55 210210 1111 131131 4848 3838 415415 88 44
MoldovaMoldova 99 2323 11.511.5 66 7474 3030 292292 3838 3131 365365 77 1.81.8
MongoliaMongolia 88 2020 4.34.3 55 4848 2121 126126 3434 3232 314314 55 55
Cont….. Cont…..
Business environment: Doing Business indicators
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmploEmploying ying
workeworkersrs
Enforcing Enforcing contractscontracts
ProtectinProtecting g
InvestorsInvestors
Closing Closing a a
businessbusiness
Number Number of of
procedurprocedures (June es (June 2007)2007)
Time Time RequirRequir
ed ed days days (June (June 2007)2007)
Cost Cost % of % of per per
capita capita incomincom
e e (June (June 2007)2007)
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time requirequired red
days days (June (June 2007)2007)
NumbeNumber of r of
procedprocedures to ures to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehwarehouse ouse days days (June (June 2007)2007)
RigidiRigidity of ty of
emploemployment yment index index 0-100 0-100 (least (least
to to most most rigid) rigid) (June (June 2007)2007)
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time requirequired red
days days (June (June 2007)2007)
DisclosurDisclosure index e index
0-10 0-10 (least to (least to
most most disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve insolveninsolvency years cy years
(June (June 2007)2007)
MoroccoMorocco 66 1212 11.511.5 88 1111 1919 163163 6363 4040 615615 66 1.51.5
MozambiqueMozambique 1010 2929 21.621.6 88 4747 1717 361361 5454 3131 1,0101,010 55 55
MyanmarMyanmar .... .... .... .... .... .... .... .... .... .... .... ....
NamibiaNamibia 1010 9999 22.322.3 99 2323 1212 139139 2020 3333 270270 55 1.51.5
NepalNepal 77 3131 73.973.9 33 55 1515 424424 5252 3939 735735 66 55
NetherlandsNetherlands 66 1010 66 22 55 1818 230230 4242 2525 514514 44 1.11.1
N. ZealandN. Zealand 22 1212 0.10.1 22 22 77 6565 77 3030 216216 1010 1.31.3
NicaraguaNicaragua 66 3939 119.1119.1 88 124124 1717 219219 2727 3535 540540 44 2.22.2
NigerNiger 1111 2323 174.8174.8 55 3232 1616 293293 7070 3939 545545 66 55
Business environment: Doing Business indicators
Cont….. Cont…..
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmployiEmploying ng
workersworkers
Enforcing Enforcing contractscontracts
ProtectinProtecting g
InvestorsInvestors
Closing Closing a a
businessbusiness
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time Required Required
days days (June (June 2007)2007)
Cost Cost % of % of per per
capitcapita a
incoincome me
(June (June 20072007
))
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 2007)2007)
NumbeNumber of r of
procedprocedures to ures to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehowareho
use use days days (June (June 2007)2007)
Rigidity Rigidity of of
employemployment ment
index 0-index 0-100 100
(least (least to most to most rigid) rigid) (June (June 2007)2007)
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requrequired ired days days (Jun(Jun
e e 20072007
))
DisclosurDisclosure index e index
0-10 0-10 (least to (least to
most most disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve insolveninsolvency years cy years
(June (June 2007)2007)
NigeriaNigeria 99 3434 56.656.6 1414 8282 1818 350350 77 3939 457457 55 22
NorwayNorway 66 1010 2.32.3 11 33 1414 252252 4747 3333 310310 77 0.90.9
OmanOman 99 3434 4.34.3 22 1616 1616 242242 2424 5151 598598 88 44
PakistanPakistan 1111 2424 1414 66 5050 1212 223223 4343 4747 880880 66 2.82.8
PanamaPanama 77 1919 2222 77 4444 2525 149149 6969 3131 686686 11 2.52.5
Papua N. G.Papua N. G. 88 5656 26.426.4 44 7272 2424 217217 1010 4343 591591 55 33
ParaguayParaguay 77 3535 77.677.6 66 4646 1313 291291 5959 3838 591591 66 3.93.9
PeruPeru 1010 7272 29.929.9 55 3333 2121 210210 5555 4141 468468 88 3.13.1
PhilippinesPhilippines 1515 5858 26.826.8 88 3333 2121 177177 3535 3737 842842 11 5.75.7
PolandPoland 1010 3131 21.221.2 66 197197 3030 308308 3737 3838 830830 77 33
PortugalPortugal 77 77 3.43.4 55 4242 2020 327327 4848 3535 577577 66 22
Puerto RicoPuerto Rico 77 77 0.80.8 88 194194 2222 209209 2121 4141 620620 77 3.83.8
RomaniaRomania 66 1414 4.74.7 88 150150 1717 243243 6666 3232 537537 99 3.33.3
Russian Fed.Russian Fed. 88 2929 3.73.7 66 5252 5454 704704 4444 3737 281281 66 3.83.8
Cont….. Cont…..
Business environment: Doing Business indicators
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmployEmploying ing
workerworkerss
Enforcing Enforcing contractscontracts
ProtectinProtecting g
InvestorsInvestors
Closing a Closing a businessbusiness
Number Number of of
procedurprocedures (June es (June 2007)2007)
Time Time RequRequired ired days days (June (June 20072007
))
Cost Cost % of % of per per
capitcapita a
incoincome me
(June (June 20072007
))
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
Number Number of of
proceduprocedures to res to build a build a
warehouwarehouse (June se (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehwarehouse ouse days days (June (June 2007)2007)
RigiditRigidity of y of
employemployment ment index index 0-100 0-100 (least (least
to to most most rigid) rigid) (June (June 2007)2007)
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requrequired ired days days (Jun(Jun
e e 20072007
))
DisclosurDisclosure index e index
0-10 0-10 (least to (least to
most most disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve
insolvencinsolvency years y years (June (June 2007)2007)
RwandaRwanda 99 1616 171.171.55
55 371371 1616 227227 4242 2424 310310 22 2.82.8
Saudi Saudi ArabiaArabia 77 1515 32.332.3 44 44 1818 125125 1313 4444 635635 77 33
SenegalSenegal 1010 5858 107107 66 114114 1414 217217 6161 4444 780780 66 2.72.7
SerbiaSerbia 1111 2323 8.98.9 66 111111 2020 204204 4646 3636 635635 77 2.62.6
Sierra Sierra LeoneLeone 99 2626 1,071,07
5.205.20 88 235235 4747 235235 5151 4040 515515 33 0.80.8
SingaporeSingapore 55 55 0.80.8 33 99 1111 102102 00 2222 120120 1010 44
Slovak Slovak Rep.Rep. 99 2525 4.24.2 33 1717 1313 287287 3636 3030 565565 33 22
SloveniaSlovenia 99 6060 8.58.5 66 391391 1515 208208 6363 3232 1,351,3500
33 22
SomaliaSomalia .... .... .... .... .... .... .... .... .... .... .... ....
South South AfricaAfrica 88 3131 7.17.1 66 2424 1717 174174 4242 3030 600600 88 22
Business environment: Doing Business indicators
Cont….. Cont…..
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmployinEmploying workersg workers
Enforcing Enforcing contractscontracts
ProtectinProtecting g
InvestorsInvestors
Closing Closing a a
businesbusinesss
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time RequireRequired days d days (June (June 2007)2007)
Cost % Cost % of per of per capita capita income income (June (June 2007)2007)
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time requirrequir
ed ed days days (June (June 2007)2007)
Number Number of of
proceduprocedures to res to build a build a
warehouwarehouse (June se (June 2007)2007)
Time Time required required to build to build
a a warehouwarehouse days se days (June (June 2007)2007)
Rigidity Rigidity of of
employmemployment index ent index
0-100 0-100 (least to (least to
most most rigid) rigid) (June (June 2007)2007)
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time requirerequired days d days (June (June 2007)2007)
DisclosurDisclosure index 0-e index 0-10 (least 10 (least to most to most
disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve insolveninsolvency years cy years
(June (June 2007)2007)
SpainSpain 1010 4747 15.115.1 44 1818 1111 233233 5656 3939 515515 55 11
Sri LankaSri Lanka 55 3939 8.58.5 88 8383 2222 214214 2727 4040 1,3181,318 44 1.71.7
SudanSudan 1010 3939 57.957.9 66 99 1919 271271 3636 5353 810810 00
SwazilandSwaziland 1313 6161 38.738.7 1111 4646 1313 9393 1717 4040 972972 00 22
SwedenSweden 33 1515 0.60.6 11 22 88 116116 3939 3030 508508 66 22
SwitzerlandSwitzerland 66 2020 2.12.1 44 1616 1414 154154 1717 3232 417417 00 33
Syrian Arab Syrian Arab Rep.Rep. 1313 4343 55.755.7 44 3434 2121 128128 3737 5555 872872 66 4.14.1
SpainSpain 1010 4747 15.115.1 44 1818 1111 233233 5656 3939 515515 55 11
TajikistanTajikistan 1313 4949 39.639.6 66 3737 3232 191191 5151 3434 295295 00 33
TanzaniaTanzania 1212 2929 47.147.1 1010 119119 2121 308308 6363 3838 462462 33 33
ThailandThailand 88 3333 5.65.6 22 22 1111 156156 1818 3535 479479 1010 2.72.7
Timor-LesteTimor-Leste 99 8282 11.911.9 2222 208208 3434 5151 1,8001,800 33
TogoTogo 1313 5353 245.7245.7 55 295295 1515 277277 5454 4141 588588 66 33
Trinidad Trinidad and Tobagoand Tobago 99 4343 0.90.9 88 162162 2020 261261 77 4242 1,3401,340 44
Business environment: Doing Business indicators
Cont….. Cont…..
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmployEmploying ing
workerworkerss
Enforcing Enforcing contractscontracts
ProtectinProtecting g
InvestorInvestorss
Closing a Closing a businessbusiness
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time RequiRequired red
days days (June (June 2007)2007)
Cost Cost % of % of per per
capitcapita a
incomincome e
(June (June 2007)2007)
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
NumbeNumber of r of
procedprocedures to ures to build a build a warehowareho
use use (June (June 2007)2007)
Time Time requirerequire
d to d to build a build a warehowareho
use use days days (June (June 2007)2007)
RigiditRigidity of y of
employemployment ment index index 0-100 0-100 (least (least
to most to most rigid) rigid) (June (June 2007)2007)
NumbeNumber of r of
procedprocedures ures (June (June 2007)2007)
Time Time requirequired red
days days (June (June 2007)2007)
DisclosurDisclosure index e index
0-10 0-10 (least to (least to
most most disclosurdisclosure) (June e) (June 2007)2007)
Time to Time to resolve resolve
insolvency insolvency years years (June (June 2007)2007)
TunisiaTunisia 1010 1111 8.38.3 55 4949 2020 9393 4949 3939 565565 00 1.31.3
TurkeyTurkey 66 66 20.720.7 66 66 2525 188188 4242 3636 420420 88 3.33.3
TurkmenistanTurkmenistan .... .... .... .... .... .... .... .... .... .... .... ....
UgandaUganda 1818 2828 9292 1313 227227 1616 143143 33 3838 535535 22 2.22.2
UkraineUkraine 1010 2727 7.87.8 1010 9393 2929 429429 4545 3030 354354 11 2.92.9
United Arab United Arab EmiratesEmirates 1111 6262 36.936.9 33 66 2121 125125 2020 5050 607607 44 5.15.1
United United KingdomKingdom 66 1313 0.80.8 22 2121 1919 144144 77 3030 404404 1010 11
United StatesUnited States 66 66 0.70.7 44 1212 1919 4040 00 3232 300300 77 1.51.5
UruguayUruguay 1111 4444 4646 88 6666 3030 234234 3131 4040 720720 33 2.12.1
UzbekistanUzbekistan 77 1515 14.214.2 1212 7878 2626 260260 3434 4242 195195 44 44
Venezuela, Venezuela, RBRB 1616 141141 28.228.2 88 4747 1111 395395 7979 2929 510510 33 44
Business environment: Doing Business indicators
Cont….. Cont…..
CountriesCountries
Starting a business Starting a business Registering Registering propertyproperty
Dealing with Dealing with licenseslicenses
EmployinEmploying workersg workers
Enforcing Enforcing contractscontracts
ProtectiProtecting ng
InvestorInvestorss
Closing Closing a a
businesbusinesss
Number Number of of
proceduprocedures res
(June (June 2007)2007)
Time Time RequiRequired red
days days (June (June 2007)2007)
Cost Cost % of % of per per
capitcapita a
incoincome me
(June (June 2007)2007)
Number Number of of
procedurprocedures (June es (June 2007)2007)
Time Time requirequired red
days days (June (June 20072007
))
NumbeNumber of r of
procedprocedures to ures to build a build a warehwarehouse ouse (June (June 2007)2007)
Time Time requirrequired to ed to
build a build a warehwarehouse ouse days days (June (June 2007)2007)
Rigidity of Rigidity of employmeemployment index nt index
0-100 0-100 (least to (least to
most most rigid) rigid) (June (June 2007)2007)
NuNumbmber er of of
proprocedcedureures s
(Ju(June ne 2002007)7)
Time Time requirequired red
days days (June (June 20072007
))
DisclosuDisclosure index re index
0-10 0-10 (least to (least to
most most disclosudisclosure) (June re) (June
2007)2007)
Time to Time to resolve resolve insolveinsolve
ncy ncy years years (June (June 2007)2007)
VietnamVietnam 1111 5050 2020 44 6767 1313 194194 2727 3434 295295 66 55
West Bank West Bank and Gazaand Gaza 1212 9292 280.280.
441010 7272 2121 199199 3131 4444 700700 66
Yemen, Rep.Yemen, Rep. 1212 6363 178.178.88
66 2121 1313 107107 3333 3737 520520 66 33
ZambiaZambia 66 3333 30.530.5 66 7070 1717 254254 3434 3535 471471 33 2.72.7
ZimbabweZimbabwe 1010 9696 21.321.3 44 3030 1919 952952 3333 3838 410410 88 3.33.3
Source: World Bank
Business environment: Doing Business indicators
Economic Freedom Ratings
Cont….
Appendix -VI
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GovernmentGovernment
Legal Legal System System
& & Property Property RightsRights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallInternationallyy
Credit Credit Market Market
RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulatioRegulatio
nsns
AlbaniaAlbania 8.078.07 4.944.94 9.579.57 5.935.93 7.127.12 4.984.98 5.315.31
AlgeriaAlgeria 4.934.93 5.155.15 6.336.33 6.36.3 5.865.86 4.244.24 5.365.36
AngolaAngola 0.850.85 3.163.16 4.064.06 6.976.97 7.747.74 5.075.07 3.513.51
ArgentinaArgentina 7.487.48 4.354.35 6.176.17 6.326.32 6.76.7 4.064.06 4.054.05
ArmeniaArmenia 6.266.26 5.565.56 9.439.43 6.536.53 8.598.59 5.655.65 4.864.86
AustraliaAustralia 6.776.77 8.688.68 9.469.46 7.177.17 9.59.5 7.067.06 7.797.79
AustriaAustria 5.185.18 8.678.67 9.549.54 7.687.68 9.159.15 4.574.57 7.967.96
AzerbaijanAzerbaijan 3.643.64 5.675.67 7.17.1 6.386.38 7.237.23 5.655.65 4.694.69
BahamasBahamas 7.857.85 8.478.47 7.047.04 4.234.23 9.569.56
BahrainBahrain 6.526.52 6.136.13 9.389.38 7.37.3 9.119.11 7.357.35 5.45.4
BangladeshBangladesh 8.048.04 3.123.12 6.66.6 5.825.82 7.427.42 6.256.25 4.644.64
BarbadosBarbados 5.225.22 6.866.86 6.236.23 5.255.25 8.578.57 7.127.12 5.915.91
BelgiumBelgium 4.314.31 7.027.02 9.519.51 8.068.06 8.658.65 5.145.14 7.477.47
BelizeBelize 4.344.34 5.845.84 8.048.04 5.475.47 9.639.63 7.627.62 8.058.05
BeninBenin 7.27.2 4.334.33 6.866.86 5.255.25 9.159.15 3.893.89 4.314.31
BoliviaBolivia 6.26.2 4.114.11 8.668.66 7.297.29 8.088.08 4.224.22 4.584.58
Bosn. & Herz.Bosn. & Herz. 6.096.09 3.463.46 7.997.99 5.815.81 9.489.48 5.875.87 4.474.47
BotswanaBotswana 5.045.04 6.86.8 8.628.62 6.916.91 9.419.41 6.766.76 6.176.17
Cont….
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GovernmenGovernmen
tt
Legal Legal System & System & Property Property RightsRights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationInternationallyally
Credit Credit Market Market
RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationRegulation
ss
BrazilBrazil 6.656.65 5.195.19 7.777.77 6.516.51 5.745.74 4.134.13 4.24.2
BulgariaBulgaria 4.954.95 5.615.61 8.768.76 7.647.64 9.229.22 7.037.03 5.095.09
Burkina FasoBurkina Faso 5.525.52 4.034.03 6.86.8 5.365.36 8.658.65 5.215.21 5.485.48
BurundiBurundi 4.684.68 3.063.06 7.37.3 4.314.31 8.88.8 7.577.57 3.983.98
CameroonCameroon 6.526.52 3.693.69 7.077.07 5.85.8 7.337.33 6.666.66 3.143.14
CanadaCanada 6.886.88 8.398.39 9.69.6 7.147.14 9.329.32 7.227.22 8.128.12
Central Afr. Rep.Central Afr. Rep. 6.326.32 2.992.99 6.86.8 4.034.03 7.087.08 3.513.51 4.134.13
ChadChad 6.456.45 2.282.28 6.126.12 5.935.93 5.385.38 4.634.63 4.414.41
ChileChile 7.57.5 6.996.99 9.149.14 8.48.4 9.239.23 7.947.94 7.567.56
ChinaChina 55 5.935.93 8.228.22 7.477.47 7.37.3 3.243.24 3.963.96
ColombiaColombia 4.444.44 4.494.49 7.857.85 6.056.05 8.548.54 3.553.55 6.076.07
Congo, Dem. R.Congo, Dem. R. 7.247.24 2.062.06 7.257.25 5.435.43 2.82.8 6.546.54 3.433.43
Congo, Rep. OfCongo, Rep. Of 3.93.9 2.352.35 5.715.71 6.026.02 5.715.71 5.735.73 4.234.23
Costa RicaCosta Rica 8.018.01 6.796.79 8.898.89 7.627.62 7.677.67 5.825.82 6.276.27
Cote d'IvoireCote d'Ivoire 7.357.35 3.363.36 6.886.88 5.975.97 7.357.35 5.255.25 6.026.02
CroatiaCroatia 4.344.34 5.745.74 8.328.32 6.736.73 8.88.8 5.575.57 5.555.55
CyprusCyprus 7.447.44 7.497.49 9.199.19 6.846.84 9.199.19 2.92.9 5.335.33
Czech Rep.Czech Rep. 4.494.49 6.166.16 9.39.3 7.927.92 8.868.86 6.076.07 5.725.72
DenmarkDenmark 4.394.39 8.968.96 9.369.36 7.777.77 9.399.39 7.717.71 8.238.23
Dominic. Rep.Dominic. Rep. 7.87.8 4.634.63 5.585.58 6.966.96 7.837.83 5.855.85 5.435.43
EcuadorEcuador 8.038.03 4.064.06 5.065.06 6.586.58 7.97.9 3.823.82 5.095.09
Cont….
CountrieCountriess
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GovernmenGovernmen
tt
Legal Legal System System
& & PropertProperty Rightsy Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallInternationallyy
Credit Credit Market Market
RegulationsRegulations
Labor Labor Market Market
RegulationRegulationss
Business Business RegulationsRegulations
EgyptEgypt 7.297.29 5.665.66 8.748.74 6.636.63 6.16.1 3.673.67 5.035.03
El SalvadorEl Salvador 8.968.96 4.834.83 9.379.37 7.187.18 9.649.64 5.435.43 6.626.62
EstoniaEstonia 7.037.03 7.357.35 9.329.32 8.148.14 9.959.95 5.165.16 7.677.67
EthiopiaEthiopia 5.865.86 4.664.66 5.765.76 5.675.67 5.25.2 8.058.05 5.495.49
FijiFiji 6.086.08 5.615.61 6.566.56 5.455.45 9.669.66 8.128.12 7.427.42
FinlandFinland 5.035.03 9.019.01 9.529.52 7.437.43 9.629.62 4.344.34 8.458.45
FranceFrance 4.114.11 7.537.53 9.519.51 7.387.38 9.139.13 5.655.65 7.427.42
GabonGabon 4.264.26 4.274.27 6.036.03 5.485.48 7.457.45 7.337.33 5.665.66
GeorgiaGeorgia 7.427.42 4.954.95 9.079.07 7.447.44 9.49.4 6.566.56 6.696.69
GermanyGermany 5.825.82 8.598.59 9.479.47 7.887.88 7.757.75 3.993.99 7.687.68
GhanaGhana 6.66.6 5.745.74 8.218.21 6.796.79 7.697.69 6.516.51 6.346.34
GreeceGreece 6.826.82 6.566.56 9.539.53 6.216.21 7.787.78 4.324.32 6.046.04
GuatemalaGuatemala 7.777.77 5.225.22 9.179.17 6.846.84 8.828.82 4.254.25 5.755.75
Guin. Guin. BissauBissau 3.093.09 3.683.68 6.676.67 5.675.67 8.88.8 4.564.56 4.464.46
GuyanaGuyana 3.063.06 4.564.56 7.797.79 7.677.67 7.937.93 5.795.79 5.455.45
HaitiHaiti 7.267.26 2.592.59 8.288.28 6.496.49 6.816.81 6.956.95 4.724.72
HondurasHonduras 8.948.94 4.854.85 8.948.94 7.237.23 8.638.63 5.845.84 5.895.89
Hong KongHong Kong 9.139.13 8.198.19 9.369.36 9.59.5 9.229.22 8.158.15 8.248.24
HungaryHungary 5.75.7 6.686.68 9.489.48 8.248.24 9.019.01 5.895.89 6.656.65
IcelandIceland 6.946.94 8.88.8 8.628.62 5.95.9 9.59.5 8.18.1 8.698.69
IndiaIndia 7.147.14 6.126.12 6.76.7 6.826.82 6.296.29 6.376.37 5.865.86
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Trade Freedom to Trade InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
IndonesiaIndonesia 6.366.36 3.933.93 7.187.18 7.297.29 7.527.52 4.814.81 5.165.16
IranIran 6.796.79 6.116.11 8.248.24 6.426.42 6.526.52 2.522.52 5.245.24
IrelandIreland 6.386.38 7.897.89 9.529.52 8.318.31 8.338.33 6.456.45 7.687.68
IsraelIsrael 3.833.83 6.226.22 9.149.14 7.567.56 7.57.5 4.884.88 6.776.77
ItalyItaly 5.995.99 6.266.26 9.429.42 7.247.24 8.658.65 5.955.95 5.915.91
JamaicaJamaica 8.518.51 5.365.36 8.868.86 7.057.05 8.728.72 6.296.29 5.65.6
JapanJapan 6.236.23 7.97.9 9.729.72 5.875.87 8.318.31 7.57.5 7.277.27
JordanJordan 5.535.53 6.46.4 8.948.94 7.67.6 9.039.03 77 6.326.32
KazakhstanKazakhstan 7.777.77 6.216.21 8.218.21 6.866.86 9.429.42 6.436.43 5.495.49
KenyaKenya 7.857.85 5.075.07 8.498.49 6.616.61 8.248.24 6.346.34 5.85.8
KuwaitKuwait 6.636.63 7.437.43 9.519.51 6.736.73 9.599.59 7.157.15 6.696.69
Kyrgyz Kyrgyz Rep.Rep. 8.058.05 4.614.61 8.698.69 6.786.78 9.039.03 5.745.74 5.265.26
LatviaLatvia 5.985.98 6.896.89 8.748.74 7.47.4 9.679.67 5.725.72 6.666.66
LesothoLesotho 7.17.1 4.654.65 7.917.91 6.196.19 8.988.98 6.056.05 4.34.3
LithuaniaLithuania 6.676.67 6.826.82 8.878.87 7.517.51 9.579.57 4.934.93 6.846.84
LuxembourLuxembourgg 4.934.93 8.118.11 8.998.99 8.168.16 8.838.83 6.636.63 7.697.69
MacedoniaMacedonia 6.056.05 4.354.35 8.188.18 6.336.33 8.938.93 6.066.06 6.436.43
MadagascaMadagascarr 6.926.92 3.323.32 7.337.33 6.466.46 7.757.75 4.54.5 5.045.04
MalawiMalawi 5.415.41 5.255.25 5.315.31 4.964.96 7.697.69 5.655.65 5.195.19
MalaysiaMalaysia 5.55.5 6.856.85 6.026.02 7.557.55 9.369.36 6.966.96 6.666.66Cont….
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Trade Freedom to Trade InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
MaliMali 7.337.33 4.514.51 6.476.47 6.256.25 8.498.49 4.584.58 5.215.21
MaltaMalta 5.915.91 7.757.75 9.539.53 7.437.43 9.329.32 6.916.91 4.824.82
MauritaniaMauritania 5.785.78 5.445.44 7.097.09 6.586.58 9.229.22 6.376.37 4.424.42
MauritiusMauritius 7.167.16 5.865.86 8.548.54 7.387.38 8.888.88 6.556.55 6.66.6
MexicoMexico 7.337.33 5.455.45 8.248.24 7.147.14 9.139.13 5.655.65 5.395.39
MoldovaMoldova 6.846.84 5.725.72 6.976.97 6.796.79 8.198.19 5.15.1 5.435.43
MongoliaMongolia 7.527.52 5.85.8 8.678.67 7.017.01 9.349.34 5.925.92 66
MontenegrMontenegroo 7.017.01 5.445.44 7.927.92 7.127.12 9.79.7 6.626.62 5.935.93
MoroccoMorocco 6.686.68 6.16.1 6.896.89 5.875.87 6.076.07 5.025.02 5.835.83
MozambiquMozambiquee 4.674.67 4.134.13 7.517.51 6.586.58 8.48.4 4.494.49 4.994.99
MyanmarMyanmar 5.775.77 2.62.6 4.054.05 2.32.3 5.285.28
NamibiaNamibia 6.096.09 7.327.32 6.246.24 6.456.45 9.679.67 7.797.79 5.785.78
NepalNepal 5.265.26 3.963.96 6.586.58 5.495.49 6.656.65 5.125.12 4.64.6
NetherlandNetherlandss 4.064.06 8.498.49 9.699.69 8.338.33 9.219.21 6.376.37 7.487.48
New New ZealandZealand 6.76.7 8.98.9 9.359.35 7.797.79 9.989.98 7.757.75 8.238.23
NicaraguaNicaragua 7.527.52 4.324.32 9.069.06 7.097.09 9.129.12 6.46.4 5.415.41
NigerNiger 3.043.04 4.324.32 6.556.55 4.464.46 7.687.68 2.992.99 4.284.28
NigeriaNigeria 3.973.97 3.983.98 7.387.38 7.227.22 8.578.57 7.727.72 4.294.29
NorwayNorway 5.85.8 8.918.91 8.98.9 6.626.62 9.429.42 5.225.22 7.797.79
OmanOman 5.515.51 7.057.05 9.339.33 7.137.13 8.788.78 7.397.39 6.526.52Cont….
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size Size of of
GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Trade Freedom to Trade InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationRegulation
ss
PakistanPakistan 7.017.01 4.314.31 6.456.45 5.915.91 8.618.61 6.116.11 4.974.97
PanamaPanama 8.378.37 5.215.21 9.119.11 7.417.41 9.169.16 6.026.02 5.765.76
Pap. New Pap. New GuineaGuinea 6.556.55 4.714.71 7.517.51 6.146.14 7.157.15 7.327.32 6.76.7
ParaguayParaguay 7.57.5 3.433.43 8.28.2 7.727.72 7.337.33 2.952.95 5.145.14
PeruPeru 8.278.27 55 8.768.76 7.317.31 7.297.29 6.476.47 5.575.57
PhilippinesPhilippines 7.127.12 4.94.9 8.138.13 7.177.17 8.128.12 5.355.35 5.365.36
PolandPoland 5.345.34 5.835.83 9.549.54 6.846.84 8.358.35 5.615.61 5.145.14
PortugalPortugal 5.715.71 7.217.21 9.329.32 7.337.33 7.47.4 4.894.89 6.376.37
RomaniaRomania 5.545.54 5.515.51 8.698.69 7.127.12 7.347.34 6.436.43 5.575.57
RussiaRussia 5.645.64 5.735.73 7.467.46 66 7.997.99 5.445.44 3.933.93
RwandaRwanda 4.874.87 3.043.04 6.796.79 4.394.39 7.417.41 7.457.45 6.386.38
SenegalSenegal 6.076.07 3.553.55 6.946.94 6.136.13 8.958.95 3.53.5 4.264.26
SerbiaSerbia 6.26.2 4.744.74 7.117.11 6.256.25 9.099.09 5.965.96 4.34.3
Sierra LeoneSierra Leone 7.137.13 3.173.17 7.247.24 5.265.26 5.195.19 5.595.59 5.535.53
SingaporeSingapore 7.867.86 8.438.43 8.998.99 9.359.35 9.249.24 6.996.99 8.428.42
Slovak RepSlovak Rep 6.446.44 6.566.56 9.49.4 8.228.22 9.299.29 6.696.69 6.346.34
SloveniaSlovenia 2.482.48 6.056.05 8.948.94 7.237.23 8.658.65 6.536.53 6.416.41
South AfricaSouth Africa 6.976.97 6.556.55 7.767.76 6.76.7 9.329.32 5.815.81 6.336.33
South KoreaSouth Korea 6.626.62 7.457.45 9.349.34 6.896.89 9.089.08 4.684.68 6.666.66
SpainSpain 6.696.69 6.716.71 9.499.49 7.167.16 9.339.33 5.135.13 6.126.12
Cont….
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size Size of of
GoverGovernmennmen
tt
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationRegulation
ss
Sri LankaSri Lanka 7.037.03 4.924.92 6.16.1 6.356.35 7.427.42 5.625.62 5.485.48
SwedenSweden 3.733.73 8.418.41 9.619.61 7.727.72 9.319.31 4.514.51 7.977.97
SwitzerlandSwitzerland 7.897.89 8.668.66 9.569.56 6.796.79 8.848.84 7.57.5 8.018.01
SyriaSyria 4.954.95 5.015.01 7.267.26 6.146.14 4.794.79 3.673.67 4.564.56
TaiwanTaiwan 7.447.44 6.666.66 9.719.71 7.927.92 7.857.85 4.94.9 6.536.53
TanzaniaTanzania 5.25.2 5.945.94 9.019.01 5.935.93 7.667.66 5.795.79 5.345.34
ThailandThailand 7.337.33 6.26.2 6.616.61 7.517.51 8.728.72 7.27.2 6.176.17
TogoTogo 6.366.36 2.462.46 6.96.9 6.176.17 6.426.42 3.183.18 4.714.71
Trinid. & Trinid. & Tob.Tob. 7.247.24 5.045.04 8.538.53 7.167.16 8.668.66 7.387.38 6.16.1
TunisiaTunisia 5.315.31 6.96.9 6.986.98 6.146.14 8.028.02 5.425.42 7.17.1
TurkeyTurkey 7.827.82 6.296.29 5.425.42 6.776.77 6.646.64 3.133.13 6.666.66
UgandaUganda 7.237.23 4.284.28 8.88.8 6.336.33 7.677.67 8.418.41 5.785.78
UkraineUkraine 4.064.06 5.255.25 6.66.6 6.386.38 8.878.87 4.824.82 4.074.07
U.A.E.U.A.E. 6.216.21 6.966.96 8.328.32 8.518.51 7.797.79 7.157.15 7.47.4
U.K.U.K. 6.646.64 8.338.33 9.49.4 7.767.76 9.769.76 7.427.42 7.577.57
United United StatesStates 7.137.13 7.587.58 9.669.66 7.537.53 9.379.37 8.298.29 7.277.27
UruguayUruguay 7.527.52 5.575.57 7.987.98 6.996.99 6.966.96 6.616.61 6.176.17
VenezuelaVenezuela 4.994.99 3.083.08 5.645.64 5.355.35 8.318.31 3.063.06 2.892.89
VietnamVietnam 4.584.58 5.825.82 6.376.37 6.956.95 9.479.47 4.214.21 4.334.33
ZambiaZambia 8.198.19 5.585.58 8.578.57 7.117.11 6.666.66 6.036.03 5.35.3
ZimbabweZimbabwe 2.662.66 3.613.61 00 2.732.73 5.65.6 4.024.02 3.443.44
Economic Freedom Rankings
Cont….
CountrieCountriess
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
AlbaniaAlbania 88 9292 77 112112 119119 100100 9292
AlgeriaAlgeria 115115 8686 124124 9898 132132 118118 8989
AngolaAngola 141141 130130 139139 6262 9797 9898 135135
ArgentinaArgentina 2626 106106 127127 9797 123123 122122 131131
ArmeniaArmenia 7676 7575 2222 8686 7373 7878 107107
AustraliaAustralia 5757 66 2121 4848 1515 2828 1212
AustriaAustria 108108 77 99 2020 4141 110110 1111
AzerbaijanAzerbaijan 135135 6969 9999 9292 117117 8080 111111
BahamasBahamas 1515 1111 102102 138138 1313
BahrainBahrain 6868 5353 2626 4040 4545 2020 8686
BangladeshBangladesh 1010 131131 116116 119119 107107 5656 112112
BarbadosBarbados 106106 3535 126126 132132 7575 2727 6262
BelgiumBelgium 126126 3030 1515 1111 6868 9494 2121
BelizeBelize 124124 6161 7979 126126 99 1212 88
BeninBenin 3939 108108 109109 132132 4040 125125 121121
BoliviaBolivia 7979 115115 6161 4141 8686 119119 114114
Bosn. & Bosn. & Herz.Herz. 8181 125125 8080 120120 1616 6767 116116
BotswanaBotswana 109109 3838 6262 6565 2020 3535 5353
BrazilBrazil 6262 8585 8686 8787 133133 121121 128128
BulgariaBulgaria 113113 7171 5454 2222 3535 2929 101101
Appendix -VII
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
Burkina FasoBurkina Faso 9999 117117 110110 129129 7070 9292 8080
BurundiBurundi 118118 133133 9393 137137 6262 1313 132132
CameroonCameroon 6868 121121 101101 121121 113113 3737 138138
CanadaCanada 5353 1414 66 5252 2828 2323 77
Central Afr. Central Afr. Rep.Rep. 7575 135135 110110 139139 120120 130130 129129
ChadChad 7070 140140 128128 112112 136136 108108 119119
ChileChile 2424 3131 3838 44 3333 77 1919
ChinaChina 111111 5959 7373 3030 115115 132132 133133
ColombiaColombia 122122 105105 8484 108108 7676 129129 5656
Congo, Dem. Congo, Dem. R.R. 3636 141141 9595 128128 141141 4343 137137
Congo, Rep. OfCongo, Rep. Of 132132 139139 133133 109109 134134 7575 127127
Costa RicaCosta Rica 1212 3939 5050 2323 101101 7070 5050
Cote d'IvoireCote d'Ivoire 3030 127127 108108 111111 111111 9090 5858
CroatiaCroatia 124124 6565 6868 7777 6060 8585 7676
CyprusCyprus 2727 2323 3636 6868 3838 138138 9191
Czech Rep.Czech Rep. 121121 5252 3535 1212 5656 5858 7171
DenmarkDenmark 123123 22 2828 1616 2222 1111 55
Dominic. Rep.Dominic. Rep. 1818 101101 135135 6363 9292 6868 8484
EcuadorEcuador 1111 116116 138138 8383 9090 126126 102102
EgyptEgypt 3434 7070 5656 8080 130130 127127 104104Cont….
CountrieCountriess
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
El SalvadorEl Salvador 22 9696 2727 4747 88 8787 3838
EstoniaEstonia 4646 2626 3333 1010 22 9393 1717
EthiopiaEthiopia 8989 9999 132132 122122 138138 66 7878
FijiFiji 8383 7171 119119 127127 77 44 2323
FinlandFinland 110110 11 1313 3232 1010 115115 22
FranceFrance 128128 2222 1515 3636 4343 8181 2222
GabonGabon 127127 113113 130130 125125 106106 2121 7272
GeorgiaGeorgia 2929 9191 4141 3131 2121 4141 3131
GermanyGermany 9090 99 2020 1414 9696 124124 1515
GhanaGhana 6666 6565 7474 7272 9999 4545 4747
GreeceGreece 5555 4343 1111 101101 9494 116116 5757
GuatemalaGuatemala 1919 8383 3737 6868 5959 117117 7070
Guinea-Guinea-BissauBissau 136136 122122 114114 122122 6161 111111 117117
GuyanaGuyana 137137 103103 8585 2121 8989 7272 8282
HaitiHaiti 3535 137137 7070 8888 122122 3333 109109
HondurasHonduras 33 9595 4646 4444 7171 6969 6363
Hong KongHong Kong 11 1616 2828 11 3434 33 44
HungaryHungary 9595 4141 1919 77 5050 6666 3737
IcelandIceland 5151 55 6262 116116 1414 55 11
IndiaIndia 4141 5454 113113 7171 129129 5151 6464Cont….
CountriCountrieses
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
IndonesiaIndonesia 7373 120120 9797 4141 104104 106106 9898
IranIran 5656 5555 7171 9191 127127 139139 9595
IrelandIreland 7272 1919 1313 66 8080 4747 1616
IsraelIsrael 133133 4949 3838 2525 105105 104104 2929
ItalyItaly 8686 4848 2323 4343 6767 6464 6161
JamaicaJamaica 44 8080 5252 5959 6565 5555 7373
JapanJapan 7777 1818 11 117117 8282 1414 2626
JordanJordan 9898 4646 4646 2424 4949 3030 4949
KazakhstanKazakhstan 1919 5050 7474 6767 1919 4949 7979
KenyaKenya 1515 8787 6767 8282 8383 5454 6666
KuwaitKuwait 6464 2525 1515 7777 1111 2525 3232
Kyrgyz Kyrgyz Rep.Rep. 99 102102 5858 7575 4848 7474 9494
LatviaLatvia 8787 3434 5656 3535 66 7676 3535
LesothoLesotho 4545 100100 8383 102102 5151 6060 122122
LithuaniaLithuania 6161 3737 5151 2828 1212 101101 2828
LuxembourLuxembourgg 115115 1717 4444 99 5858 3838 1414
MacedoniaMacedonia 8585 106106 7777 9595 5353 5959 4242
MadagascaMadagascarr 5252 128128 9292 8989 9595 113113 103103
MalawiMalawi 102102 8181 137137 134134 9898 7777 9797
MalaysiaMalaysia 101101 3636 131131 2626 2424 3232 3434Cont….
CountrieCountriess
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallInternationallyy
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
MaliMali 3131 104104 121121 9999 7777 109109 9696
MaltaMalta 8888 2020 1111 3232 2727 3434 108108
MauritaniaMauritania 9292 7878 100100 8383 3636 5252 118118
MauritiusMauritius 4040 6060 6565 3636 5454 4242 3939
MexicoMexico 3131 7777 7171 5252 4242 7979 8787
MoldovaMoldova 5454 6868 104104 7272 8484 9797 8383
MongoliaMongolia 2121 6464 6060 6060 2525 6565 5959
MontenegroMontenegro 4848 7878 8282 5555 44 3939 6060
MoroccoMorocco 6060 5656 107107 117117 131131 9999 6565
MozambiquMozambiquee 119119 114114 8888 8383 7878 114114 105105
MyanmarMyanmar 9393 136136 140140 141141 137137
NamibiaNamibia 8181 2727 125125 9090 55 88 6767
NepalNepal 105105 119119 118118 124124 125125 9696 113113
NetherlandNetherlandss 129129 1010 33 55 3737 5353 2020
New New ZealandZealand 5858 44 3030 1515 11 99 66
NicaraguaNicaragua 2121 109109 4242 5858 4444 5050 8585
NigerNiger 138138 109109 120120 135135 100100 136136 125125
NigeriaNigeria 131131 118118 9191 4646 7474 1010 124124
NorwayNorway 9191 33 4949 8181 1818 9191 1313
OmanOman 100100 2929 3232 5454 6363 1818 4141Cont….
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Freedom to Trade Trade
InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
PakistanPakistan 4848 111111 122122 115115 7272 5757 106106
PanamaPanama 55 8484 4040 3434 3939 6262 6969
Pap. New Pap. New GuineaGuinea 6767 9898 8888 104104 118118 2222 3030
ParaguayParaguay 2424 126126 7676 1818 114114 137137 9999
PeruPeru 66 9090 5454 3939 116116 4646 7474
PhilippinesPhilippines 4444 9494 7878 4848 8585 8989 8888
PolandPoland 103103 6262 99 6868 7979 8383 100100
PortugalPortugal 9494 2828 3333 3838 110110 103103 4545
RomaniaRomania 9797 7676 5858 5555 112112 4848 7575
RussiaRussia 9696 6767 9090 110110 8888 8686 134134
RwandaRwanda 117117 134134 112112 136136 109109 1616 4444
SenegalSenegal 8484 124124 105105 107107 5252 131131 126126
SerbiaSerbia 7979 9797 9898 9999 4646 6363 123123
Sierra LeoneSierra Leone 4242 129129 9696 131131 139139 8484 7777
SingaporeSingapore 1414 1212 4444 22 3232 3131 33
Slovak RepSlovak Rep 7171 4343 2424 88 3131 3636 4646
SloveniaSlovenia 140140 5757 4646 4444 6969 4444 4343
South AfricaSouth Africa 5050 4545 8787 7979 2929 7171 4848
South KoreaSouth Korea 6565 2424 3131 6666 4747 107107 3333
SpainSpain 5959 4040 1818 5050 2626 9595 5454
Cont….
CountriesCountries
Factors of Economic FreedomFactors of Economic Freedom
Size of Size of GoverGovernmentnment
Legal System & Legal System & Property RightsProperty Rights
Sound Sound MoneyMoney
Freedom to Trade Freedom to Trade InternationallyInternationally
Credit Market Credit Market RegulationsRegulations
Labor Market Labor Market RegulationsRegulations
Business Business RegulationsRegulations
Sri LankaSri Lanka 4646 9393 129129 9494 108108 8282 8181
SwedenSweden 134134 1313 55 1818 3030 112112 1010
SwitzerlandSwitzerland 1313 88 88 7272 5757 1515 99
SyriaSyria 113113 8989 9494 104104 140140 128128 115115
TaiwanTaiwan 2727 4242 22 1212 9191 102102 4040
TanzaniaTanzania 107107 5858 4343 112112 103103 7373 9090
ThailandThailand 3131 5151 115115 2828 6464 2424 5151
TogoTogo 7373 138138 106106 103103 128128 133133 110110
Trinid. & Trinid. & Tob.Tob. 3636 8888 6666 5050 6666 1919 5555
TunisiaTunisia 104104 3333 103103 104104 8787 8888 2727
TurkeyTurkey 1717 4747 136136 7676 126126 134134 3636
UgandaUganda 3838 112112 5353 9595 102102 11 6868
UkraineUkraine 129129 8181 116116 9292 5555 105105 130130
U.A.E.U.A.E. 7878 3232 6868 33 9393 2626 2424
U.K.U.K. 6363 1515 2424 1717 33 1717 1818
United United StatesStates 4242 2121 44 2727 2323 22 2525
UruguayUruguay 2121 7474 8181 6161 121121 4040 5252
VenezuelaVenezuela 112112 132132 134134 130130 8181 135135 139139
VietnamVietnam 120120 6363 123123 6464 1717 120120 120120
ZambiaZambia 77 7373 6464 5757 124124 6161 9393
ZimbabweZimbabwe 139139 123123 141141 140140 135135 123123 136136