Libya: Cost of starting a business

(measure: percent of per capita GNI; Source: The World Bank)
* indicates monthly or quarterly data series

Libya: Cost of starting a business, % of income per capita

: For that indicator, we provide data for Libya from 2003 to 2019. The average value for Libya during that period was 53.86 percent of per capita GNI with a minimum of 0 percent of per capita GNI in 2003 and a maximum of 245.4 percent of per capita GNI in 2004. The latest value from 2019 is 30 percent of per capita GNI. For comparison, the world average in 2019 based on 186 countries is 5.62 percent of per capita GNI. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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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