Based on a comparison of 171 countries in 2016, Venezuela ranked the highest in time to start new business with 230 days followed by Equatorial Guinea and Cambodia. On the other end of the scale was New Zealand with 0.500 days, Canada with 1.50 days and Hong Kong with 1.50 days.
Average time to start new business reached 20.9 days in 2016 in the World according to the National Statistical Office. This is 2.04 % less than in the previous year and -125 % less than 10 years ago.
Historically, average time to start new business reached an all time high of 51.9 days in 2003 and an all time low of 20.9 days in 2016. The average annual growth amounted to -6.75 % since 2003.
Data for more countries are available at Time to Start New Business indicator page.