Central America falls in Ease of Doing Business

Position in 2010 Rankings: Panama 72 (62 in 2009), El Salvador 86 (80), Guatemala 101 (100), Nicaragua 117 (119), Costa Rica 125 (121), Honduras 131 (128).

Friday, November 5, 2010

With the exception of Nicaragua, which rose two places, the Doing Business 2011 ranking shows that easiness of doing business in the Central American countries has deteriorated, at least in relation to other countries.

The Doing Business project provides objective measures for business regulations and their application in 183 economies and selected cities at the sub-national level.

More on this topic

Time and Cost of Starting A Business in Central America

October 2015

The average time for the region is 28 days and the average cost is 48% of GDP per capita, a far cry from OECD average time and costs which are 9 days and 3.4% of GDP per capita.

Using data from the Regional Economic Report 2015, an article on Prensa.com outlines that "...

Doing Business 2012 Confirms Latin America Lags Behind

October 2011

Latin America is barely ahead of Africa in quality standards and conditions affecting local businesses.

As a region, Central America, is located in the second half of the list entitled ‘Doing Business 2012’.

Doing Business 2012, a report by the World Bank this year added a new area of analysis, which is the ease of obtaining an electrical connection, along with the traditional items which include: ease of starting a business, management of construction permits, registering property , getting credit, protecting investors, paying taxes, cross border trade, enforcing contracts, and insolvency resolution.

Doing business in Central America

September 2009

Side by side, country by country: the most problematic factors for doing business in Central America.

We define competitiveness as the set of institutions, policies, and factors that determine the level of productivity of a country.

The level of productivity, in turn, sets the sustainable level of prosperity that can be earned by an economy.

Latin America Cutting Red Tape -- Slowly

September 2008

If you are thinking of starting a business in Latin America, arm yourself with patience.

It takes 20 times longer to open a company in many countries in the region than in the United States, Singapore or New Zealand.

According to a new report by the World Bank's International Finance Corp., several Latin American countries continue to be among the world champions of bureaucracy, while Eastern European, Asian and African countries are moving much faster to reduce government red tape, making it easier for its people to start new businesses.

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