South Korea vs Sri Lanka: Time required to start a business
South Korea
8 days
in 2019
Sri Lanka
8 days
in 2019
South Korea rank
131st
Sri Lanka rank
131st
Time required to start a business over time
- South Korea
- Sri Lanka
How they compare
South Korea currently reports 8 days against 8 days in Sri Lanka, a difference of 0 days.
Across all 17 years both countries report, Sri Lanka has been ahead every year.
South Korea ranks 131st and Sri Lanka ranks 131st of 188 countries.
Sri Lanka has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | South Korea | Sri Lanka | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 16.57 days | 46.29 days | 29.71 days | Sri Lanka |
| 2010s | 8.7 days | 15.1 days | 6.4 days | Sri Lanka |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher time required to start a business, South Korea or Sri Lanka?
- South Korea, at 8 days against 8 days in Sri Lanka as of 2019.
- What is the difference in time required to start a business between South Korea and Sri Lanka?
- 0 days, with South Korea ahead.
- How many years of comparable data are there for South Korea and Sri Lanka?
- 17 years are reported by both, from 2003 to 2019.
- How do South Korea and Sri Lanka rank globally for time required to start a business?
- South Korea ranks 131st and Sri Lanka ranks 131st of 188 countries.
- Where does this data come from?
- Doing Business project, World Bank (2025) – processed by Our World in Data, published as Time required to start a business. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Number of calendar days needed to complete the procedures to legally operate a business.