Benin: Cost of starting a business
* indicates monthly or quarterly data series
Benin |
Cost of starting a business, % of income per capita |
---|---|
Latest value | 3.50 |
Year | 2019 |
Measure | percent of per capita GNI |
Data availability | 2003 - 2019 |
Average | 113.16 |
Min - Max | 3.50 - 211.10 |
Source | The World Bank |
The latest value from 2019 is 3.5 percent of per capita GNI, a decline from 3.6 percent of per capita GNI in 2018. In comparison, the world average is 19.87 percent of per capita GNI, based on data from 185 countries. Historically, the average for Benin from 2003 to 2019 is 113.16 percent of per capita GNI. The minimum value, 3.5 percent of per capita GNI, was reached in 2019 while the maximum of 211.1 percent of per capita GNI was recorded in 2006.
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Definition: The indicator includes all official fees and fees for legal or professional services if such services are required by law. The company law, the commercial code, and specific regulations and fee schedules are used as sources for calculating costs. The indicator excludes bribes.
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Rule of law | -0.51 | 2023 | points |
Government effectiveness | -0.22 | 2023 | points |
Control of corruption | -0.05 | 2023 | points |
Regulatory quality | -0.30 | 2023 | points |
Voice and accountability | -0.22 | 2023 | points |
Political stability | -0.35 | 2023 | points |
Corruption perceptions - Transparency International | 43 | 2023 | points |
Political rights | 4 | 2024 | points |
Civil liberties | 3 | 2024 | points |
Competitiveness | 45.80 | 2019 | points |
Cost of starting a business | 3.50 | 2019 | percent of per capita GNI |
Shadow economy | 48.28 | 2015 | percent |
Informal economy, MIMIC method | 45.50 | 2020 | percent |
Informal economy, DGE method | 42.40 | 2020 | percent |