Starting a business: ranking countries

The World Bank and International Finance Corporation released a study about how easy it is to start a new business in various countries, CISTRAN Finance reported.

Rankings

Azerbaijan, Uzbekistan and the United States

How did the United States rank in starting in Starting a New Business? The results might surprise some folks.

Ahead of the United States were the former Soviet countries of Azerbaijan (ranked number five in the Bisignis Institute Emerging Market Energy Security Growth Prosperity Index®) and Uzbekistan (ranked number four in our index).

The U.S. did, however, outperform both nations in the Ease of Doing Business ranking.

Source: Historical Data - Doing Business- World Bank Group. Doingbusiness.org. (2004). Historical data - doing business- world bank group. [online] Retrieved from: http://www.doingbusiness.org/custom-query [Accessed: 6 Feb 2014].

Source: Historical Data - Doing Business- World Bank Group. Doingbusiness.org. (2004). Historical data - doing business- world bank group. [online] Retrieved from: http://www.doingbusiness.org/custom-query [Accessed: 6 Feb 2014].

Starting a new business

The easiest country in the world in which to start a new business: New Zealand. New Zealand topped the category in both 2013 and 2014.

Ease of doing business

The number one country in the “ease of doing business” category: Singapore. Singapore also scored number one in the “trading across borders” category.

The Doing Business project

The study is a product of the “Doing Business” project. The project examines business regulations in 189 countries and various cities.

What we believe

At the Bisignis Institute, we believe that governments need to make it easier to start businesses. This will grow economies and improve lives.

 

 

Sources:

Pinkel, Lawrence. "World bank ranks Azerbaijan ahead of U.S. in ease of creating new business”. CISTRAN Finance. 2/4/14.

Doing Business - Measuring Business Regulations. World Bank Group (2014).