Panama vs Uruguay: Time required to start a business
Panama
6 days
in 2019
Uruguay
6.5 days
in 2019
Panama rank
150th
Uruguay rank
147th
Time required to start a business over time
- Panama
- Uruguay
How they compare
Uruguay currently reports 6.5 days against 6 days in Panama, a difference of 0.5 days.
That makes Uruguay's figure about 1.1 times Panama's.
The two have swapped places 2 times across 17 shared years of data; in 2003 it was Uruguay ahead.
Panama ranks 150th and Uruguay ranks 147th of 188 countries.
Uruguay has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Uruguay | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 16.29 days | 46.86 days | 30.57 days | Uruguay |
| 2010s | 6.6 days | 12.25 days | 5.65 days | Uruguay |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher time required to start a business, Panama or Uruguay?
- Uruguay, 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 Uruguay?
- 0.5 days, with Uruguay ahead.
- How many years of comparable data are there for Panama and Uruguay?
- 17 years are reported by both, from 2003 to 2019.
- How do Panama and Uruguay rank globally for time required to start a business?
- Panama ranks 150th and Uruguay 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.