High income - 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 High income was 4.54 as of 2018. Its highest value over the past 5 years was 4.54 in 2018, while its lowest value was 3.82 in 2013.

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
2013 3.82
2014 4.07
2015 4.19
2016 4.41
2017 4.43
2018 4.54

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
2020 48.12

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
2020 0.263

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
2020 25.07

Time required to get electricity (days)

The value for Time required to get electricity (days) in High income was 65.41 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 87.52 in 2010 and a minimum value of 65.41 in 2019.

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 87.52
2010 87.52
2011 86.07
2012 84.31
2013 82.08
2014 77.73
2015 73.92
2016 71.13
2017 69.96
2018 67.61
2019 65.41

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
2002 46.96
2003 38.06
2005 36.29
2006 36.71

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
2020 20.48

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
2020 15.94

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
2020 15.36

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
2020 1.22

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in High income was 19.13 as of 2019. Its highest value over the past 14 years was 20.92 in 2005, while its lowest value was 18.94 in 2017.

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 20.92
2006 20.49
2007 19.86
2008 19.69
2009 19.70
2010 19.57
2011 19.28
2012 19.43
2013 19.11
2014 19.16
2015 19.29
2016 19.29
2017 18.94
2018 18.98
2019 19.13

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in High income was 2.75 as of 2019. Its highest value over the past 14 years was 3.82 in 2007, while its lowest value was 2.72 in 2018.

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 3.67
2006 3.35
2007 3.82
2008 2.99
2009 3.01
2010 2.85
2011 2.94
2012 3.14
2013 2.85
2014 2.86
2015 2.86
2016 2.73
2017 2.76
2018 2.72
2019 2.75

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in High income was 14.33 as of 2019. Its highest value over the past 14 years was 18.29 in 2005, while its lowest value was 13.94 in 2012.

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 18.29
2006 17.58
2007 16.45
2008 16.26
2009 15.35
2010 14.85
2011 14.43
2012 13.94
2013 14.93
2014 15.21
2015 14.65
2016 14.60
2017 14.60
2018 14.41
2019 14.33

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment