Other small states - 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 Other small states was 7.23 as of 2018. Its highest value over the past 12 years was 7.30 in 2016, while its lowest value was 5.00 in 2009.

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
2006 6.32
2007 7.27
2008 6.08
2009 5.00
2010 5.62
2011 5.77
2012 5.75
2013 5.33
2014 5.69
2015 6.16
2016 7.30
2017 7.12
2018 7.23

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 37.93

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 2.86

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 50.14

Time required to get electricity (days)

The value for Time required to get electricity (days) in Other small states was 89.12 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 127.92 in 2010 and a minimum value of 89.12 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 127.92
2010 127.92
2011 122.04
2012 116.58
2013 107.23
2014 104.69
2015 99.04
2016 93.62
2017 91.50
2018 91.08
2019 89.12

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 48.31
2003 79.17
2005 29.82
2006 60.19
2009 50.54

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 50.19

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 14.34

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 19.48

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 6.98

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Other small states was 12.49 as of 2019. Its highest value over the past 14 years was 12.49 in 2019, while its lowest value was 11.47 in 2011.

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 11.58
2006 11.67
2007 11.77
2008 11.70
2009 11.63
2010 11.74
2011 11.47
2012 11.93
2013 11.81
2014 11.80
2015 11.97
2016 12.02
2017 12.05
2018 12.15
2019 12.49

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Other small states was 10.23 as of 2019. Its highest value over the past 14 years was 28.51 in 2005, while its lowest value was 10.23 in 2019.

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 28.51
2006 26.30
2007 24.00
2008 22.24
2009 22.29
2010 21.80
2011 20.86
2012 20.32
2013 19.13
2014 11.30
2015 10.85
2016 10.85
2017 10.87
2018 11.25
2019 10.23

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Other small states was 16.52 as of 2019. Its highest value over the past 14 years was 19.59 in 2005, while its lowest value was 14.00 in 2010.

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 19.59
2006 19.20
2007 17.26
2008 16.86
2009 15.18
2010 14.00
2011 14.55
2012 15.10
2013 15.43
2014 15.14
2015 14.94
2016 16.02
2017 15.96
2018 15.87
2019 16.52

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment