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 Small states was 6.02 as of 2018. Its highest value over the past 12 years was 6.02 in 2018, while its lowest value was 4.09 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 5.03
2007 5.74
2008 4.96
2009 4.09
2010 4.61
2011 4.78
2012 4.78
2013 4.51
2014 4.78
2015 5.15
2016 6.00
2017 5.88
2018 6.02

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 53.19

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 3.02

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 55.87

Time required to get electricity (days)

The value for Time required to get electricity (days) in Small states was 79.88 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 106.89 in 2009 and a minimum value of 79.88 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 106.89
2010 106.56
2011 103.32
2012 97.94
2013 100.48
2014 89.27
2015 85.58
2016 82.65
2017 81.50
2018 81.27
2019 79.88

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

Firms that do not report all sales for tax purposes (% of firms) in Small states was 50.54 as of 2009. Its highest value over the past 7 years was 79.17 in 2003, while its lowest value was 29.30 in 2005.

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
2004 74.36
2005 29.30
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 50.51

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 15.18

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 21.79

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 8.88

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Small states was 10.62 as of 2019. Its highest value over the past 14 years was 10.62 in 2019, while its lowest value was 9.35 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 9.35
2006 9.50
2007 9.54
2008 9.55
2009 9.54
2010 9.60
2011 9.61
2012 9.96
2013 9.96
2014 10.02
2015 10.15
2016 10.23
2017 10.30
2018 10.40
2019 10.62

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Small states was 9.62 as of 2019. Its highest value over the past 14 years was 18.20 in 2005, while its lowest value was 9.62 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 18.20
2006 17.57
2007 17.23
2008 16.40
2009 16.43
2010 16.15
2011 15.37
2012 15.16
2013 14.53
2014 10.17
2015 9.78
2016 9.76
2017 9.89
2018 10.13
2019 9.62

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Small states was 18.41 as of 2019. Its highest value over the past 14 years was 22.22 in 2005, while its lowest value was 17.73 in 2015.

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 22.22
2006 21.76
2007 20.00
2008 19.69
2009 18.51
2010 17.76
2011 17.97
2012 18.18
2013 18.34
2014 17.98
2015 17.73
2016 18.25
2017 18.11
2018 18.09
2019 18.41

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment