Panama - Ease Of Doing Business Index (1=most Business-friendly Regulations)

Ease of doing business index (1=most business-friendly regulations) in Panama was reported at 86 in 2019, according to the World Bank collection of development indicators, compiled from officially recognized sources. Panama - Ease of doing business index (1=most business-friendly regulations) - actual values, historical data, forecasts and projections were sourced from the World Bank on May of 2020.


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panama ease of doing business index 1 most business friendly regulations wb data


Ease of doing business index ranks economies from 1 to 181, with first place being the best. A high ranking means that the regulatory environment is conducive to business operation. The index ranks the simple average of the country's percentile rankings on 10 topics covered in Doing Business 2007: How to reform. The ranking on each topic is the simple average of the percentile rankings on its component indicators.


Panama | Private Sector

Distance to frontier score (0=lowest performance to 100=frontier)
66.56
Business extent of disclosure index (0=less disclosure to 10=more disclosure)
4
Ease of doing business index (1=most business-friendly regulations)
86
New business density (new registrations per 1;000 people ages 15-64)
0.8368
New businesses registered
2204
Cost to build a warehouse (% of income per capita)
2 %
Cost to enforce a contract (% of claim)
38 %
Trade: Cost to export (US$ per container)
270
Trade: Cost to import (US$ per container)
490
Cost to export, border compliance (US$)
270
Cost to export, documentary compliance (US$)
60
Trade: Time to export (day)
24
Trade: Time to import (days)
24 days
Time to export, border compliance (hours)
24 hours
Time to export, documentary compliance (hours)
6 hours
Resolving insolvency: recovery rate (cents on the dollar)
27.2
Time required to enforce a contract (days)
790 days
Extent of director liability index (0 to 10)
4
Strength of investor protection index (0 to 10)
5.7
Ease of shareholder suits index (0 to 10)
8
Time required to register property (days) WDI
22.5 days
Procedures to register property
7
Minimum paid-in capital required to start a business (% of income per capita)
0 %
Cost of business start-up procedures, female (% of GNI per capita)
5.8 %
Cost of business start-up procedures, male (% of GNI per capita)
5.8 %
Cost of business start-up procedures (% of GNI per capita)
5.7 %
Time required to start a business (days)
6 days
Time required to start a business, female (days)
6 days
Time required to start a business, male (days)
6 days
Start-up procedures to register a business
5
Start-up procedures to register a business, female
5
Start-up procedures to register a business, male
5
Cost to register property (% of property value)
2.4 %
Time to prepare and pay taxes (hours)
408 hours
Labor tax and contributions (% of commercial profits)
20 %
Logistics performance index: Overall (1=low to 5=high)
3.34
Logistics performance index: Frequency with which shipments reach consignee within scheduled or expected time (1=low to 5=high)
3.74
Logistics performance index: Ability to track and trace consignments (1=low to 5=high)
2.95
Time to resolve insolvency (years)
2.5 years
Resolving insolvency: cost (% of estate)
25 %
Time to import, documentary compliance (hours)
6 hours
Time to import, border compliance (hours)
24 hours
Cost to import, documentary compliance (US$)
50
Cost to import, border compliance (US$)
490
Procedures required to connect to electricity
5
Cost to get electricity(% of income per capita)
8.9 %
Tariff rate, most favored nation, simple mean, primary products
10.87 %
Merchandise imports from developing economies outside region (% of total merchandise imports)
32.76 %
Tariff rate, applied, simple mean, primary products
11.22 %
Share of tariff lines with international peaks, primary products
5.92 %
Bound rate, simple mean, primary products
25.86 %
Binding coverage, primary products
100 %
Tariff rate, most favored nation, weighted mean, all products
5.41 %
Tariff rate, applied, weighted mean, all products
5.41 %
Share of tariff lines with specific rates, all products
0.111 %
Tariff rate, most favored nation, simple mean, all products
6.85 %
Tariff rate, applied, simple mean, all products
7.37 %
Import value index (2000 = 100)
681
Computer, communications and other services (% of commercial service imports)
18.8 %
Commercial service imports
4739526500 USD
Transport services (% of commercial service imports)
43.07 %
Travel services (% of commercial service imports)
23.12 %
Share of tariff lines with international peaks, all products
0.617 %
Bound rate, simple mean, all products
22.79 %
Binding coverage, all products
100 %
Tariff rate, most favored nation, weighted mean, manufactured products
5.06 %
Tariff rate, applied, weighted mean, manufactured products
5.06 %
Share of tariff lines with specific rates, manufactured products
0.124 %
Tariff rate, most favored nation, simple mean, manufactured products
5.41 %
Tariff rate, applied, simple mean, manufactured products
7.06 %
Bound rate, simple mean, manufactured products
21.69 %
Binding coverage, manufactured products
100 %
Import volume index (2000 = 100)
931
Merchandise trade (% of GDP)
53.01 %
International tourism, expenditures (% of total imports)
4.18 %
International tourism, expenditures
1128000000 USD
International tourism, expenditures for travel items
917000000 USD
International tourism, receipts for travel items
4460000000 USD
International tourism, expenditures for passenger transport items
211000000 USD
International tourism, receipts for passenger transport items
2405000000 USD
International tourism, receipts (% of total exports)
25.29 %
International tourism, receipts
6865000000 USD
International tourism, number of departures
917000
International tourism, number of arrivals
1843000
Logistics performance index: Competence and quality of logistics services (1=low to 5=high)
3.18
Logistics performance index: Ease of arranging competitively priced shipments (1=low to 5=high)
3.65
Logistics performance index: Quality of trade and transport-related infrastructure (1=low to 5=high)
3.28
Logistics performance index: Efficiency of customs clearance process (1=low to 5=high)
3.13
Lead time to import, median case (days)
4 days
Burden of customs procedure, WEF (1=extremely inefficient to 7=extremely efficient)
4.5
Procedures to build a warehouse
18
Time required to build a warehouse (days)
105 days
Total tax rate (% of profit)
37.2 %
Profit tax (% of commercial profits)
12.4 %
Tax payments
36
Other taxes payable by businesses (% of commercial profits)
4.8 %
Tariff rate, applied, weighted mean, primary products
13.52 %
Tariff rate, most favored nation, weighted mean, primary products
13.52 %
Food imports (% of merchandise imports)
5.01 %
Insurance and financial services (% of commercial service imports)
15.01 %
Manufactures imports (% of merchandise imports)
94.72 %
Merchandise imports from economies in the Arab World (% of total merchandise imports)
0.1024 %
Merchandise imports
23006000000 USD
Merchandise imports from high-income economies (% of total merchandise imports)
45.51 %
Merchandise imports from developing economies in East Asia & Pacific (% of total merchandise imports)
11.94 %
Merchandise imports from developing economies in Europe & Central Asia (% of total merchandise imports)
1.01 %
Merchandise imports from developing economies in Latin America & the Caribbean (% of total merchandise imports)
18.23 %
Merchandise imports from developing economies in Middle East & North Africa (% of total merchandise imports)
0.0753 %
Merchandise imports from developing economies in South Asia (% of total merchandise imports)
1.01 %
Merchandise imports from developing economies in Sub-Saharan Africa (% of total merchandise imports)
0.4947 %
Merchandise imports by the reporting economy, residual (% of total merchandise imports)
21.73 %
Merchandise imports by the reporting economy
12724361215 USD
Merchandise imports from developing economies within region (% of total merchandise imports)
19.58 %
Insurance and financial services (% of commercial service exports)
11.2 %
Manufactures exports (% of merchandise exports)
90.12 %
Merchandise exports to economies in the Arab World (% of total merchandise exports)
0.3108 %
Net barter terms of trade index (2000 = 100)
162
Export volume index (2000 = 100)
1127
Food exports (% of merchandise exports)
8.66 %
Merchandise exports
11480000000 USD
Merchandise exports to high-income economies (% of total merchandise exports)
57.77 %
Merchandise exports to developing economies outside region (% of total merchandise exports)
38.7 %
Merchandise exports to developing economies in East Asia & Pacific (% of total merchandise exports)
13.4 %
Merchandise exports to developing economies in Europe & Central Asia (% of total merchandise exports)
0.6848 %
Merchandise exports to developing economies in Latin America & the Caribbean (% of total merchandise exports)
19.03 %
Merchandise exports to developing economies in Middle East & North Africa (% of total merchandise exports)
0.2363 %
Merchandise exports to developing economies in South Asia (% of total merchandise exports)
5.12 %
Merchandise exports to developing economies in Sub-Saharan Africa (% of total merchandise exports)
0.2304 %
Merchandise exports by the reporting economy, residual (% of total merchandise exports)
3.53 %
Merchandise exports by the reporting economy
660030668 USD
Merchandise exports to developing economies within region (% of total merchandise exports)
20.25 %
Export value index (2000 = 100)
1336
Computer, communications and other services (% of commercial service exports)
7.2 %
Commercial service exports
12140620000 USD
High-technology exports
923062482 USD
High-technology exports (% of manufactured exports)
9.19 %
Transport services (% of commercial service exports)
56.13 %
Travel services (% of commercial service exports)
25.48 %