Doing business in a more transparent world

2012

C O M P A R I N G R E G U L A T I O N F O R D O M E S T I C F I R M S I N 1 8 3 E C O N O M I E S

DOING BUSINESS 2012ii

THE DOING BUSINESS WEBSITE

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00_FrontMatter.indd ii 10/4/11 5:09 PM

DATA RANKINGS REPORTS METHODOLOGY RESEARCH BUSINESS REFORMS LAW LIBRARY ABOUT US CONTRIBUTORS PRESS

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Economy Rankings

Economies are ranked on their ease of doing business, from 1 – 183. A high ranking on the ease of

doing business index means the regulatory environment is more conducive to the starting and

operation of a local firm. This index averages the country's percentile rankings on 10 topics, made up of

a variety of indicators, giving equal weight to each topic. The rankings for all economies are

benchmarked to June 2011.

= Subnational Doing Business ranking data available.

Ranking Methodology

Explanation of how the Ease of Doing

Business Index (PDF) and the sub-

indices are calculated.

EXCELPRINT

Singapore 1 4 3 5 14 8 2 4 1 12 2

Hong KongSAR, China

2 5 1 4 57 4 3 3 2 5 16

New Zealand 3 1 2 31 3 4 1 36 27 10 18

United States 4 13 17 17 16 4 5 72 20 7 15

Denmark 5 31 10 13 11 24 29 14 7 32 9

Norw ay 6 41 60 12 8 48 24 27 9 4 4

United Kingdom 7 19 22 60 68 1 10 24 13 21 6

Korea, Rep. 8 24 26 11 71 8 79 38 4 2 13

Iceland 9 37 34 1 11 40 46 35 81 3 11

Ireland 10 13 27 90 81 8 5 5 21 62 10

Finland 11 39 45 25 25 40 65 28 6 11 5

Saudi Arabia 12 10 4 18 1 48 17 10 18 138 73

Canada 13 3 25 156 41 24 5 8 42 59 3

Sw eden 14 46 23 8 19 48 29 50 8 54 19

Australia 15 2 42 37 38 8 65 53 30 17 17

Georgia 16 7 4 89 1 8 17 42 54 41 109

Thailand 17 78 14 9 28 67 13 100 17 24 51

Malaysia 18 50 113 59 59 1 4 41 29 31 47

Germany 19 98 15 2 77 24 97 89 12 8 36

Japan 20 107 63 26 58 24 17 120 16 34 1

Latvia 21 51 112 84 32 4 65 67 15 17 32

Macedonia, FYR 22 6 61 121 49 24 17 26 67 60 55

Mauritius 23 15 53 44 67 78 13 11 21 61 79

** Estonia 24 44 89 48 13 40 65 51 3 29 72

Rankings by region:

select region or

Rankings by income:

select income or

Rankings by population:

select grouping

Economy

Ease of Doing

Business Rank

▲

Starting a

Business

Dealing with

Construction

Permits

Getting

Electricity

Registering

Property

Getting

Credit

Protecting

Inv estors

Paying

Taxes

Trading

Across

Borders

Enforcing

Contracts

Resolv ing

Insolv ency

EXPLORE ECONOMY DATA

Taiw an, China 25 16 87 3 33 67 79 71 23 88 14

Sw itzerland 26 85 46 6 14 24 166 12 41 23 43

Lithuania 27 101 47 81 7 48 65 62 28 15 40

Belgium 28 36 51 87 174 48 17 77 36 20 8

France 29 25 30 62 149 48 79 58 24 6 46

Portugal 30 26 97 34 31 126 46 78 26 22 22

Netherlands 31 79 99 67 48 48 111 43 13 28 7

Austria 32 134 76 21 35 24 133 82 25 9 21

United ArabEmirates

33 42 12 10 6 78 122 7 5 134 151

Israel 34 43 137 93 147 8 5 59 10 94 45

South Africa 35 44 31 124 76 1 10 44 144 81 77

Qatar 36 116 24 18 37 98 97 2 57 95 37

Slovenia 37 28 81 27 79 98 24 87 50 58 39

Bahrain 38 82 7 49 30 126 79 18 49 114 25

Chile 39 27 90 41 53 48 29 45 62 67 110

Cyprus 40 33 78 96 123 78 29 37 19 105 23

Peru 41 55 101 82 22 24 17 85 56 111 100

Colombia 42 65 29 134 51 67 5 95 87 149 12

Puerto Rico(U.S.)

43 12 152 35 126 24 17 113 101 97 27

Spain 44 133 38 69 56 48 97 48 55 54 20

Rw anda 45 8 84 50 61 8 29 19 155 39 165

Tunisia 46 56 86 45 65 98 46 64 32 76 38

Kazakhstan 47 57 147 86 29 78 10 13 176 27 54

Slovak Republic 48 76 50 102 10 24 111 130 95 71 35

Oman 49 68 64 61 21 98 97 9 47 107 76

Luxembourg 50 81 33 63 134 150 122 17 31 1 49

Hungary 51 39 55 103 43 48 122 117 74 19 66

St. Lucia 52 53 13 13 115 98 29 52 110 165 58

Mexico 53 75 43 142 140 40 46 109 59 81 24

Botsw ana 54 90 132 91 50 48 46 22 150 65 28

Armenia 55 10 57 150 5 40 97 153 104 91 62

Montenegro 56 47 173 71 108 8 29 108 34 133 52

Antigua andBarbuda

57 80 21 16 124 98 29 135 71 70 81

Tonga 58 33 32 29 141 78 111 29 77 53 108

Bulgaria 59 49 128 133 66 8 46 69 91 87 90

Samoa 60 22 68 32 26 126 29 66 96 80 145

Panama 61 29 71 15 120 48 111 169 11 119 83

Poland 62 126 160 64 89 8 46 128 46 68 87

Ghana 63 104 156 68 36 48 46 90 90 45 106

Czech Republic 64 138 68 148 34 48 97 119 70 78 33

Dominica 65 48 18 65 116 78 29 73 88 167 98

Dominica 65 48 18 65 116 78 29 73 88 167 98

Azerbaijan 66 18 172 173 9 48 24 81 170 25 95

Kuw ait 67 142 121 57 88 98 29 15 112 117 48

Trinidad andTobago

68 74 93 24 175 40 24 65 52 169 133

Belarus 69 9 44 175 4 98 79 156 152 14 82

Kyrgyz Republic 70 17 62 181 17 8 13 162 171 48 150

Turkey 71 61 155 72 44 78 65 79 80 51 120

Romania 72 63 123 165 70 8 46 154 72 56 97

Grenada 73 60 11 39 154 98 29 91 40 162 119

Solomon Islands 74 110 36 42 168 78 46 25 86 108 115

St. Vincent andthe Grenadines

75 58 6 21 141 126 29 73 38 101 183

Vanuatu 76 114 40 147 111 78 79 32 128 71 53

Fiji 77 119 73 110 52 67 46 80 113 64 126

Namibia 78 125 52 105 145 24 79 102 142 40 56

Maldives 79 59 20 132 152 166 79 1 137 92 41

Croatia 80 67 143 56 102 48 133 32 100 48 94

Moldova 81 88 164 160 18 40 111 83 134 26 91

Albania 82 61 183 154 118 24 16 152 76 85 64

BruneiDarussalam

83 136 83 28 107 126 122 20 35 151 44

Zambia 84 69 148 118 96 8 79 47 153 85 96

Bahamas, The 85 73 79 105 177 78 111 56 48 123 34

Mongolia 86 97 119 171 26 67 29 57 159 33 124

Italy 87 77 96 109 84 98 65 134 63 158 30

Jamaica 88 23 49 112 103 98 79 172 97 126 26

Sri Lanka 89 38 111 95 161 78 46 173 53 136 42

Uruguay 90 32 153 7 165 67 97 160 125 103 50

China 91 151 179 115 40 67 97 122 60 16 75

Serbia 92 92 175 79 39 24 79 143 79 104 113

Belize 93 152 9 53 137 98 122 55 107 168 29

Morocco 94 93 75 107 144 98 97 112 43 89 67

St. Kitts andNevis

95 64 16 33 164 126 29 133 44 114 183

Jordan 96 95 93 36 101 150 122 21 58 130 104

Guatemala 97 165 151 30 23 8 133 124 119 97 101

Vietnam 98 103 67 135 47 24 166 151 68 30 142

Yemen, Rep. 99 66 35 52 55 159 133 116 118 38 114

Greece 100 135 41 77 150 78 155 83 84 90 57

Papua NewGuinea

101 84 138 20 87 98 46 106 99 163 116

Paraguay 102 106 66 23 64 78 65 132 154 106 140

Seychelles 103 113 54 149 63 166 65 16 33 84 183

Seychelles 103 113 54 149 63 166 65 16 33 84 183

Lebanon 104 109 161 47 105 78 97 30 93 120 125

Pakistan 105 90 104 166 125 67 29 158 75 154 74

Marshall Islands 106 52 8 76 183 78 155 96 66 63 135

Nepal 107 100 140 99 24 67 79 86 162 137 112

DominicanRepublic

108 140 105 123 105 78 65 94 45 83 154

Kenya 109 132 37 115 133 8 97 166 141 127 92

Egypt, ArabRep.

110 21 154 101 93 78 79 145 64 147 137

Ethiopia 111 99 56 93 113 150 122 40 157 57 89

El Salvador 112 136 144 130 54 48 166 146 69 66 88

Argentina 113 146 169 58 139 67 111 144 102 45 85

Guyana 114 87 28 144 104 166 79 115 82 73 138

Kiribati 115 141 106 159 69 159 46 6 85 75 183

Palau 116 124 39 80 20 182 174 97 124 144 61

Kosovo 117 168 171 124 73 24 174 46 131 157 31

Nicaragua 118 130 150 136 122 98 97 155 83 52 78

Cape Verde 119 131 116 70 61 126 133 104 61 37 183

RussianFederation

120 111 178 183 45 98 111 105 160 13 60

Costa Rica 121 122 141 43 46 98 166 138 73 129 121

Bangladesh 122 86 82 182 173 78 24 100 115 180 107

Uganda 123 143 109 129 127 48 133 93 158 116 63

Sw aziland 124 161 47 158 128 48 122 60 148 171 69

Bosnia andHerzegovina

125 162 163 157 100 67 97 110 108 125 80

Brazil 126 120 127 51 114 98 79 150 121 118 136

Tanzania 127 123 176 78 158 98 97 129 92 36 122

Honduras 128 150 70 114 94 8 166 140 103 177 131

Indonesia 129 155 71 161 99 126 46 131 39 156 146

Ecuador 130 164 91 128 75 78 133 88 123 100 139

West Bank and

Gaza

131 177 129 85 78 166 46 39 114 93 183

India 132 166 181 98 97 40 46 147 109 182 128

Nigeria 133 116 84 176 180 78 65 138 149 97 99

Syrian ArabRepublic

134 129 133 83 82 174 111 111 122 175 102

Sudan 135 126 130 107 41 166 155 103 151 148 84

Philippines 136 158 102 54 117 126 133 136 51 112 163

Madagascar 137 20 131 179 146 177 65 75 111 155 148

Cambodia 138 171 149 130 110 98 79 54 120 142 149

Cambodia 138 171 149 130 110 98 79 54 120 142 149

Mozambique 139 70 126 172 156 150 46 107 136 131 143

Micronesia, Fed.Sts.

140 102 19 40 183 126 174 92 106 146 164

Sierra Leone 141 72 167 174 169 126 29 76 132 141 155

Bhutan 142 83 135 145 83 126 147 67 169 35 183

Lesotho 143 144 157 141 150 150 147 61 147 102 71

Iran, IslamicRep.

144 53 164 162 163 98 166 126 138 50 118

Malaw i 145 139 167 177 95 126 79 23 164 121 132

Mali 146 115 95 113 91 126 147 163 146 132 111

Tajikistan 147 70 177 178 90 177 65 168 177 42 68

Algeria 148 153 118 164 167 150 79 164 127 122 59

Gambia, The 149 120 88 127 119 159 174 178 78 69 129

Burkina Faso 150 116 59 139 111 126 147 147 175 108 103

Liberia 151 35 123 153 176 98 147 98 116 166 158

Ukraine 152 112 180 169 166 24 111 181 140 44 156

Bolivia 153 169 107 124 138 126 133 179 126 135 65

Senegal 154 93 125 168 171 126 166 174 65 145 86

EquatorialGuinea

155 178 100 88 80 98 147 167 134 74 183

Gabon 156 156 58 137 134 98 155 141 133 150 144

Comoros 157 172 74 100 74 150 133 99 139 153 183

Suriname 158 173 98 38 170 159 181 34 105 178 157

Mauritania 159 159 64 122 59 166 147 175 143 79 152

Afghanistan 160 30 162 104 172 150 183 63 179 161 105

Cameroon 161 128 92 66 154 98 122 171 156 174 147

Togo 162 174 146 92 162 126 147 161 98 151 93

São Tomé andPríncipe

163 105 134 74 160 177 155 113 94 179 159

Iraq 164 176 120 46 98 174 122 49 180 140 183

Lao PDR 165 89 80 138 72 166 182 123 168 110 183

Uzbekistan 166 96 145 170 136 159 133 157 183 43 117

Côte d'Ivoire 167 170 169 73 158 126 155 159 161 124 70

Timor-Leste 168 157 114 55 183 159 133 31 89 183 183

Burundi 169 108 159 151 109 166 46 125 174 172 183

Djibouti 170 179 142 143 148 177 179 70 37 160 141

Zimbabw e 171 144 166 167 85 126 122 127 172 112 153

Angola 172 167 115 120 129 126 65 149 163 181 160

Niger 173 163 158 111 86 126 155 142 173 139 123

Haiti 174 180 139 75 131 159 166 118 145 96 162

Benin 175 154 117 140 130 126 155 170 129 176 127

Guinea-Bissau 176 149 107 180 179 126 133 137 117 142 183

Venezuela, RB 177 147 109 155 91 182 179 183 166 77 161

Congo, Dem.Rep.

178 148 77 145 121 174 155 165 167 170 166

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Guinea 179 181 174 119 152 150 174 176 130 127 130

Eritrea 180 182 183 96 178 177 111 121 165 47 183

Congo, Rep. 181 175 103 152 156 98 155 182 181 159 134

Central AfricanRepublic

182 160 136 162 132 98 133 177 182 173 183

Chad 183 183 122 117 143 98 155 180 178 163 183

* For Dealing with Construction Permits, one data point on cost was corrected. Rankings are adjusted once a year with each published report.

Additional note: All Doing Business 2011 rankings have been recalculated to reflect changes to the methodology. For further details on changes, please refer tothe data notes page.