Sierra Leone - 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 Sierra Leone was 0.462 as of 2018. Its highest value over the past 12 years was 0.462 in 2018, while its lowest value was 0.107 in 2006.

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 0.107
2007 0.118
2008 0.169
2009 0.204
2010 0.262
2011 0.234
2012 0.294
2013 0.280
2014 0.177
2015 0.250
2016 0.267
2017 0.296
2018 0.462

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
2009 14.80
2017 22.00

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 13.70
2017 9.10

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 86.20
2017 71.80

Time required to get electricity (days)

The value for Time required to get electricity (days) in Sierra Leone was 82.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 489.00 in 2009 and a minimum value of 82.00 in 2014.

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 489.00
2010 113.00
2011 113.00
2012 113.00
2013 113.00
2014 82.00
2015 82.00
2016 82.00
2017 82.00
2018 82.00
2019 82.00

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 81.92

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 85.60
2017 87.20

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
2017 11.10

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 21.20
2017 47.30

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 8.60
2017 29.60

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Sierra Leone was 11.30 as of 2019. Its highest value over the past 14 years was 11.30 in 2019, while its lowest value was 11.30 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 11.30
2006 11.30
2007 11.30
2008 11.30
2009 11.30
2010 11.30
2011 11.30
2012 11.30
2013 11.30
2014 11.30
2015 11.30
2016 11.30
2017 11.30
2018 11.30
2019 11.30

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Sierra Leone was 1.00 as of 2019. Its highest value over the past 14 years was 260.70 in 2006, while its lowest value was 1.00 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 260.70
2006 260.70
2007 223.90
2008 223.90
2009 223.90
2010 223.90
2011 2.90
2012 2.90
2013 1.00
2014 1.00
2015 1.00
2016 1.00
2017 1.00
2018 1.00
2019 1.00

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Sierra Leone was 18.50 as of 2019. Its highest value over the past 14 years was 18.80 in 2014, while its lowest value was 0.00 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 0.00
2006 0.00
2007 0.00
2008 0.00
2009 0.00
2010 0.00
2011 18.20
2012 18.20
2013 18.80
2014 18.80
2015 18.50
2016 18.50
2017 18.50
2018 18.50
2019 18.50

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment