Liberia - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Liberia was 0.021 as of 2020. Its highest value over the past 9 years was 0.022 in 2018, while its lowest value was 0.007 in 2011.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

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Year Value
2011 0.007
2012 0.013
2013 0.015
2014 0.016
2015 0.009
2016 0.012
2017 0.012
2018 0.022
2019 0.020
2020 0.021

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2017 30.60

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 1.70
2017 4.50

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 31.50
2017 44.30

Time required to get electricity (days)

The value for Time required to get electricity (days) in Liberia was 482.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 602.00 in 2011 and a minimum value of 482.00 in 2012.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

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

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Year Value
2009 602.00
2010 602.00
2011 602.00
2012 482.00
2013 482.00
2014 482.00
2015 482.00
2016 482.00
2017 482.00
2018 482.00
2019 482.00

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

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 97.32

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 92.60
2017 81.90

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2017 10.50

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 41.10
2017 33.70

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2009 54.40
2017 41.70

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Liberia was 6.10 as of 2019. Its highest value over the past 13 years was 6.10 in 2019, while its lowest value was 5.40 in 2006.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

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

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Year Value
2006 5.40
2007 5.40
2008 5.40
2009 5.40
2010 5.40
2011 5.40
2012 5.40
2013 5.40
2014 5.40
2015 5.40
2016 5.40
2017 5.40
2018 5.40
2019 6.10

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Liberia was 4.80 as of 2019. Its highest value over the past 13 years was 37.10 in 2011, while its lowest value was 2.40 in 2012.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

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

See also:

Year Value
2006 37.10
2007 36.80
2008 37.10
2009 37.10
2010 37.10
2011 37.10
2012 2.40
2013 4.50
2014 4.50
2015 7.00
2016 4.80
2017 4.80
2018 4.80
2019 4.80

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Liberia was 35.40 as of 2019. Its highest value over the past 13 years was 35.40 in 2019, while its lowest value was 0.00 in 2006.

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

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

See also:

Year Value
2006 0.00
2007 0.00
2008 0.00
2009 0.00
2010 0.00
2011 0.00
2012 17.60
2013 17.00
2014 21.60
2015 35.40
2016 35.40
2017 35.40
2018 35.40
2019 35.40

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment