Time To Start New Business (days)

Based on a comparison of 170 countries in 2014, Venezuela ranked the highest in Time To Start New Business (days) with 144 days followed by Equatorial Guinea and Brunei. On the other end of the scale was New Zealand with 0.500 days, Georgia with 2.00 days and Macedonia with 2.00 days.

Average Time To Start New Business (days) reached 22.3 days in 2014 in the World. This is 11.6% less than in the previous year and 115% less than 10 years ago.

Historically, average Time To Start New Business (days) reached an all time high of 50.9 days in 2003 and an all time low of 22.3 days in 2014. The average annual growth amounted to -7.24% since 2003.

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Country Unit 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Afghanistan days ...         9.00 7.00 7.00 7.00 7.00    
Albania days           9.00 6.00 6.00 5.50 4.50    
Algeria days           24.0 24.0 24.0 24.0 24.0    
Angola days           68.0 68.0 66.0 66.0 66.0    
Argentina days           30.5 25.5 25.0 25.0 25.0    
Armenia days           17.0 14.0 14.0 8.00 8.00    
Australia days           2.50 2.50 2.50 2.50 2.50    
Austria days           25.0 25.0 25.0 25.0 25.0    
Azerbaijan days           10.0 10.0 8.00 8.00 8.00    
Bahamas days ... ... ... ...   30.5 30.5 23.5 23.5 23.5    
Bahrain days ... ... ... ...   9.00 9.00 9.00 9.00 9.00    
Bangladesh days           66.5 43.5 26.5 26.5 26.5    
Belarus days           31.0 10.0 10.0 10.0 10.0    
Belgium days           4.00 4.00 4.00 4.00 4.00    
Belize days ... ...       43.0 43.0 43.0 43.0 43.0    
Benin days           34.0 34.0 34.0 32.0 29.0    
Bhutan days           46.0 46.0 46.0 36.0 36.0    
Bolivia days           50.0 50.0 49.0 49.0 49.0    
Bosnia and Herzegovina days           69.0 69.0 64.0 40.0 37.0    
Botswana days           74.0 59.0 59.0 59.0 59.0    
Brazil days           147 122 122 122 122    
Brunei days ... ... ...     116 116 105 101 101    
Bulgaria days           49.0 18.0 18.0 18.0 18.0    
Burkina Faso days           16.0 14.0 14.0 13.0 13.0    
Burundi days           13.0 13.0 13.0 13.0 7.00    
Cambodia days           102 102 102 102 102    
Cameroon days           38.0 35.0 19.0 15.0 15.0    
Canada days           5.00 5.00 5.00 5.00 5.00    
Central African Republic days           23.0 24.0 24.0 22.0 22.0    
Chad days           62.0 62.0 62.0 53.0 60.0    
Chile days           40.0 40.0 34.5 7.50 5.50    
China days           41.0 38.0 38.0 38.0 33.0    
Colombia days           34.0 18.0 10.0 10.0 11.0    
Comoros days ... ...       22.0 22.0 22.0 22.0 20.0    
Congo days           161 161 161 161 161    
Costa Rica days           60.0 59.5 59.5 59.5 59.5    
Croatia days           22.5 22.5 15.5 15.0 15.0    
Cyprus days ... ... ... ... ... 8.00 8.00 8.00 8.00 8.00    
Czech Republic days           20.0 20.0 20.0 19.5 19.5    
Dem. Republic of the Congo days           132 126 84.0 65.0 58.0    
Denmark days           6.00 6.00 5.50 5.50 5.50    
Djibouti days ... ...       37.0 37.0 37.0 37.0 37.0    
Dominican Republic days           20.0 21.0 20.0 19.5 19.5    
East Timor days ...         157 157 110 94.0 94.0    
Ecuador days           65.0 64.0 56.0 55.5 55.5    
Egypt days           8.00 8.00 8.00 8.00 8.00    
El Salvador days           16.5 16.5 16.5 16.5 16.5    
Equatorial Guinea days ... ...       155 155 155 133 154    
Eritrea days ...         84.0 84.0 84.0 84.0 84.0    
Estonia days           6.50 6.50 6.50 6.50 6.50    
Ethiopia days           18.0 15.0 15.0 15.0 15.0    
European Union days           17.4 15.7 14.5 14.4 13.8    
Fiji days           44.0 44.0 44.0 44.0 58.0    
Finland days           14.0 14.0 14.0 14.0 14.0    
France days           6.50 6.50 6.50 6.50 6.50    
Gabon days ... ...       57.0 57.0 57.0 57.0 57.0    
Gambia days ... ...       27.0 27.0 27.0 27.0 27.0    
Georgia days           3.00 3.00 3.00 2.00 2.00    
Germany days           17.5 17.5 14.5 14.5 14.5    
Ghana days           11.0 11.0 11.0 11.0 11.0    
Greece days           19.0 19.0 19.0 11.0 11.0    
Guatemala days           34.0 37.0 37.0 37.0 40.0    
Guinea days           40.0 40.0 40.0 40.0 35.0    
Guinea Bissau days ... ...       259 216 216 9.00 9.00    
Guyana days ...         38.0 27.0 23.0 19.0 19.0    
Haiti days           224 224 134 134 134    
Honduras days           20.0 14.0 14.0 14.0 14.0    
Hong Kong days           11.0 6.00 6.00 2.50 2.50    
Hungary days           5.00 4.00 4.00 4.00 5.00    
Iceland days ...         5.00 5.00 5.00 4.50 4.50    
India days           29.0 29.0 27.0 27.0 25.0    
Indonesia days           77.0 62.0 49.0 48.0 48.0    
Iraq days ...         32.0 32.0 32.0 32.0 29.0    
Iran days           27.0 8.00 10.0 10.0 15.0    
Ireland days           13.0 13.0 13.0 13.0 10.0    
Israel days           19.0 19.0 19.0 19.0 20.0    
Italy days           10.0 10.0 6.00 6.00 6.00    
Ivory Coast days           40.0 40.0 40.0 32.0 32.0    
Jamaica days           8.00 8.00 8.00 7.00 7.00    
Japan days           22.0 22.0 22.0 11.0 11.0    
Jordan days           13.0 12.0 12.0 12.0 12.0    
Kazakhstan days           21.0 20.0 19.0 19.0 19.0    
Kenya days           31.0 31.0 31.0 33.0 32.0    
Kosovo days ... ... ... ... ... ... 52.0 58.0 58.0 52.0    
Kuwait days           35.0 35.0 35.0 32.0 32.0    
Kyrgyzstan days           15.0 11.0 10.0 10.0 10.0    
Laos days           93.0 93.0 93.0 93.0 92.0    
Latvia days           15.5 15.5 15.5 15.5 15.5    
Lebanon days           11.0 9.00 9.00 9.00 9.00    
Lesotho days           39.0 39.0 39.0 39.0 29.0    
Liberia days ... ... ...     32.0 20.0 20.0 5.50 5.50    
Libya days ... ... ... ... ... ... ... ... ... 35.0    
Lithuania days           26.0 26.0 22.0 22.0 19.5    
Luxembourg days ... ... ...     25.0 23.0 17.5 17.5 17.5    
Macedonia days           9.00 4.00 3.00 3.00 2.00    
Madagascar days           7.00 8.00 8.00 7.00 9.00    
Malawi days           37.0 36.0 36.0 36.0 37.0    
Malaysia days           20.0 18.0 17.0 5.00 6.00    
Maldives days           9.00 9.00 9.00 9.00 9.00    
Mali days           25.0 8.00 8.00 8.00 8.00    
Malta days ... ... ... ... ... ... ... ... 39.5 39.5    
Mauritania days           19.0 19.0 19.0 19.0 19.0    
Mauritius days ...         6.00 6.00 6.00 6.00 6.00    
Mexico days           9.00 8.00 6.00 6.00 6.00    
Moldova days           15.0 10.0 10.0 9.00 9.00    
Mongolia days           13.0 13.0 13.0 13.0 12.0    
Montenegro days ... ... ...     21.0 12.0 10.0 10.0 10.0    
Morocco days           12.0 12.0 12.0 12.0 12.0    
Mozambique days           26.0 26.0 13.0 13.0 13.0    
Myanmar days ... ... ... ... ... ... ... ... ... 72.0    
Namibia days           66.0 66.0 66.0 66.0 66.0    
Nepal days           31.0 31.0 31.0 29.0 29.0    
Netherlands days           8.00 8.00 8.00 8.00 5.00    
New Zealand days           0.500 0.500 0.500 0.500 0.500    
Nicaragua days           39.0 39.0 39.0 39.0 39.0    
Niger days           19.0 17.0 17.0 17.0 17.0    
Nigeria days           25.0 25.0 25.0 28.0 28.0    
Norway days           6.00 6.00 6.00 6.00 6.00    
Oman days           13.0 11.0 11.0 7.00 7.00    
Pakistan days           23.0 19.0 19.0 19.0 19.0    
Palestine days ...         48.0 48.0 48.0 47.0 47.0    
Panama days           12.0 12.0 9.00 8.00 7.00    
Papua New Guinea days           52.0 52.0 52.0 52.0 52.0    
Paraguay days           35.0 35.0 35.0 35.0 35.0    
Peru days           66.5 40.5 27.0 26.0 26.0    
Philippines days           41.0 42.0 37.0 36.0 36.0    
Poland days           31.0 32.0 32.0 32.0 32.0    
Portugal days           4.50 4.50 4.50 3.50 3.50    
Puerto Rico days           7.00 7.00 7.00 6.00 6.00    
Qatar days ... ... ... ...   7.00 7.00 9.50 8.50 8.50    
Romania days           9.00 9.00 9.00 13.5 9.50    
Russia days           29.0 29.0 29.0 29.0 18.0    
Rwanda days           14.0 7.00 7.00 7.00 8.00    
Saudi Arabia days           19.0 20.0 20.0 20.0 20.0    
Senegal days           9.00 9.00 9.00 6.00 6.00    
Serbia days           23.0 13.0 13.0 13.0 12.0    
Seychelles days ... ...       39.0 39.0 39.0 39.0 39.0    
Sierra Leone days           17.0 12.0 12.0 12.0 12.0    
Singapore days           3.50 2.50 2.50 2.50 2.50    
Slovakia days           17.5 17.5 17.5 17.5 13.5    
Slovenia days           19.0 6.00 6.00 6.00 6.00    
South Africa days           22.0 22.0 22.0 19.0 19.0    
South Korea days           17.0 14.0 14.0 7.00 4.00    
South Sudan days ... ... ... ... ... ... ... ... ... 14.0    
Spain days           61.0 61.0 52.0 29.0 29.0    
Sri Lanka days           44.0 44.0 38.0 35.0 11.0    
Sudan days ...         37.0 35.0 35.0 35.0 35.0    
Suriname days ... ...       690 690 690 690 690    
Swaziland days ... ...       60.0 60.0 56.0 56.0 56.0    
Sweden days           16.0 16.0 16.0 16.0 16.0    
Switzerland days           18.0 18.0 18.0 18.0 18.0    
Syria days           16.0 15.0 13.0 13.0 13.0    
Tajikistan days ... ...       66.0 42.0 27.0 24.0 24.0    
Tanzania days           29.0 29.0 29.0 29.0 26.0    
Thailand days           33.0 32.0 32.0 29.0 29.0    
Togo days           60.0 84.0 84.0 84.0 38.0    
Trinidad and Tobago days ... ...       41.0 41.0 40.0 40.0 40.0    
Tunisia days           11.0 11.0 11.0 11.0 11.0    
Turkey days           6.00 6.00 6.00 6.00 6.00    
Uganda days           25.0 25.0 24.0 33.0 33.0    
Ukraine days           27.0 27.0 27.0 24.0 22.0    
United Arab Emirates days           18.0 15.0 15.0 13.0 8.00    
United Kingdom days           10.5 10.5 11.5 11.5 11.5    
USA days           5.00 5.00 5.00 5.00 5.00    
Uruguay days           43.0 64.0 64.0 6.50 6.50    
Uzbekistan days           14.0 14.0 14.0 13.0 11.0    
Venezuela days           141 141 141 141 144    
Vietnam days           37.0 37.0 36.0 36.0 32.0    
Yemen days           13.0 12.0 12.0 12.0 40.0    
Zambia days           18.0 18.0 18.0 18.0 17.5    
Zimbabwe days           93.0 93.0 86.0 86.0 86.0    
World days           38.6 36.2 34.0 30.1 29.7