World Bank releases ‘Doing Business 2016’

Published 28 October 2015. Source: http://www.worldbank.org/en/news/press-release/2015/10/27/doing-business-report-finds-more-than-60-of-worlds-economies-improved-their-business-rules-in-past-year

World Bank releases 2016 annual measurement on ease of doing business

‘Doing Business 2016: Measuring Regulatory Quality and Efficiency’ finds that 85 developing economies implemented 169 business reforms during the past year, compared with 154 reforms the previous year. High-income economies carried out an additional 62 reforms, bringing the total for the past year to 231 reforms in 122 economies around the world.

‘Doing Business’ data for the past 12 years shows that in 2003, it took an average of 51 days worldwide to start a new business. This has now been more than halved to 20 days. In addition, the data shows encouraging signs of convergence toward best practices, as lower-income economies have shown more improvement than high-income economies over time. The case of Mozambique illustrates this trend. In 2003, it took an entrepreneur 168 days to start a business, but now it only takes 19 days.

The full report and datasets are available at http://www.doingbusiness.org/