Time to Start New Business fell 55.1% to 11.0 days in Argentina in 2018

Time to Start New Business (days)
Economy | Argentina | May 17, 2019
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Time to start new business reached 11.0 days in 2018 in Argentina, according to the National Statistical Office. This is 55.1 % less than in the previous year.

Historically, time to start new business in Argentina reached an all time high of 65.5 days in 2003 and an all time low of 11.0 days in 2018. When compared to Argentina's main peers, time to start new business in Bolivia amounted to 43.5 days, 6.00 days in Chile, 35.0 days in Paraguay and 6.50 days in Uruguay in 2018.

Argentina has been ranked 100th within the group of 173 countries we follow in terms of time to start new business, 26 places behind the position seen 10 years ago.

The time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business.

Time to Start New Business Unit 2010 2011 2012 2013 2014 2015 2016 2017 2018
Argentina days 24.5 24.5 24.5 24.5 24.5
Bolivia days 49.0 49.0 49.0 49.0 45.0
Brazil days 122 86.6 83.6 86.0 82.5
Chile days 7.50 7.50 7.50 7.50 7.50
Paraguay days 35.0 35.0 35.0 35.0 35.0
Peru days 41.5 41.5 41.5 41.5 41.5
Uruguay days 6.50 6.50 6.50 6.50 6.50