Upper middle 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 Upper middle income was 6.29 as of 2020. Its highest value over the past 10 years was 6.39 in 2016, while its lowest value was 3.04 in 2010.

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).

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Year Value
2010 3.04
2011 3.13
2012 3.27
2013 3.57
2014 5.03
2015 5.56
2016 6.39
2017 6.09
2018 6.11
2019 6.00
2020 6.29

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 44.18

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 2.72

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 44.62

Time required to get electricity (days)

The value for Time required to get electricity (days) in Upper middle income was 77.66 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 100.59 in 2009 and a minimum value of 77.66 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 100.59
2010 99.20
2011 99.02
2012 98.15
2013 94.45
2014 93.63
2015 88.16
2016 86.73
2017 83.28
2018 79.00
2019 77.66

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 Upper middle income was 45.35 as of 2009. Its highest value over the past 7 years was 67.19 in 2003, while its lowest value was 28.34 in 2007.

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 52.73
2003 67.19
2004 58.04
2005 43.69
2006 45.20
2007 28.34
2009 45.35

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 44.18

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 13.57

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 12.40

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 10.09

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Upper middle income was 15.51 as of 2019. Its highest value over the past 14 years was 16.67 in 2005, while its lowest value was 14.52 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 16.67
2006 16.28
2007 15.90
2008 15.99
2009 15.14
2010 14.86
2011 14.52
2012 14.53
2013 16.24
2014 15.92
2015 15.75
2016 15.77
2017 15.78
2018 15.83
2019 15.51

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Upper middle income was 5.65 as of 2019. Its highest value over the past 14 years was 8.53 in 2005, while its lowest value was 5.65 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 8.53
2006 8.22
2007 7.84
2008 7.67
2009 7.06
2010 6.68
2011 6.31
2012 6.13
2013 6.02
2014 6.44
2015 6.36
2016 5.67
2017 5.70
2018 5.76
2019 5.65

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Upper middle income was 16.84 as of 2019. Its highest value over the past 14 years was 19.18 in 2005, while its lowest value was 16.14 in 2011.

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 19.18
2006 18.62
2007 18.28
2008 17.70
2009 16.72
2010 16.17
2011 16.14
2012 16.42
2013 16.30
2014 16.17
2015 16.41
2016 16.92
2017 16.98
2018 16.85
2019 16.84

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment