Papua New Guinea: Business freedom index (0-100): For that indicator, The Heritage Foundation provides data for Papua New Guinea from 1996 to 2017. The average value for Papua New Guinea during that period was 59 points with a minumum of 54 points in 2015 and a maximum of 70 points in 1996. See the global rankings for that indicator or use the country comparator to compare trends over time.
The Business Freedom index for Papua N.G. from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Papua N.G. in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).