Panama vs Ukraine: Time required to start a business
Panama
6 days
in 2019
Ukraine
6.5 days
in 2019
Panama rank
150th
Ukraine rank
147th
Time required to start a business over time
- Panama
- Ukraine
How they compare
Ukraine currently reports 6.5 days against 6 days in Panama, a difference of 0.5 days.
That makes Ukraine's figure about 1.1 times Panama's.
Across all 17 years both countries report, Ukraine has been ahead every year.
Panama ranks 150th and Ukraine ranks 147th of 188 countries.
Ukraine has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Ukraine | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 16.29 days | 32.71 days | 16.43 days | Ukraine |
| 2010s | 6.6 days | 15.4 days | 8.8 days | Ukraine |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher time required to start a business, Panama or Ukraine?
- Ukraine, at 6.5 days against 6 days in Panama as of 2019.
- What is the difference in time required to start a business between Panama and Ukraine?
- 0.5 days, with Ukraine ahead.
- How many years of comparable data are there for Panama and Ukraine?
- 17 years are reported by both, from 2003 to 2019.
- How do Panama and Ukraine rank globally for time required to start a business?
- Panama ranks 150th and Ukraine ranks 147th of 188 countries.
- Where does this data come from?
- Doing Business project, World Bank (2025) β 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.