Guinea - 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 Guinea was 0.450 as of 2020. Its highest value over the past 6 years was 0.456 in 2019, while its lowest value was 0.137 in 2014.

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

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

See also:

Year Value
2014 0.137
2015 0.240
2016 0.301
2017 0.368
2018 0.398
2019 0.456
2020 0.450

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
2006 16.10
2016 7.40

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
2006 31.50
2016 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
2006 93.00
2016 84.20

Time required to get electricity (days)

The value for Time required to get electricity (days) in Guinea was 69.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 69.00 in 2019 and a minimum value of 69.00 in 2009.

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

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

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Year Value
2009 69.00
2010 69.00
2011 69.00
2012 69.00
2013 69.00
2014 69.00
2015 69.00
2016 69.00
2017 69.00
2018 69.00
2019 69.00

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
2006 95.37

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
2006 83.80
2016 76.20

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
2016 7.20

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
2006 24.70
2016 12.90

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
2006 57.30
2016 6.90

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Guinea was 28.60 as of 2019. Its highest value over the past 14 years was 28.80 in 2011, while its lowest value was 17.30 in 2005.

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

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

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Year Value
2005 17.30
2006 17.30
2007 17.30
2008 17.30
2009 17.30
2010 24.40
2011 28.80
2012 28.70
2013 28.60
2014 28.60
2015 28.60
2016 28.60
2017 28.60
2018 28.60
2019 28.60

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Guinea was 40.70 as of 2019. Its highest value over the past 14 years was 54.40 in 2012, while its lowest value was 32.80 in 2013.

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

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

See also:

Year Value
2005 54.30
2006 54.30
2007 54.30
2008 54.30
2009 54.30
2010 54.30
2011 54.30
2012 54.40
2013 32.80
2014 32.80
2015 32.80
2016 32.80
2017 32.80
2018 32.80
2019 40.70

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Guinea was 0.000 as of 2019. Its highest value over the past 14 years was 0.000 in 2019, while its lowest value was 0.000 in 2005.

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

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

See also:

Year Value
2005 0.000
2006 0.000
2007 0.000
2008 0.000
2009 0.000
2010 0.000
2011 0.000
2012 0.000
2013 0.000
2014 0.000
2015 0.000
2016 0.000
2017 0.000
2018 0.000
2019 0.000

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment