Time required to start a business in Guyana

Guyana: Time required to start a business was 18 days in 2019. ▼ Falling

Latest (2019)
18 days
Change on year
unchanged
World rank
56th
of 188 countries
All-time high
42 days
in 2004
All-time low
18 days
in 2012
Years of data
16
2004–2019

Time required to start a business in Guyana, 2004–2019

0102030402004201120192004: 42 days2005: 42 days2006: 42 days2007: 37 days2008: 38 days2009: 27 days2010: 23 days2011: 19 days2012: 18 days2013: 18 days2014: 18 days2015: 18 days2016: 18 days2017: 18 days2018: 18 days2019: 18 days

Source: Doing Business project, World Bank (2025) – processed by Our World in Data. Measured in days.

Analysis

The most recent figure for time required to start a business in Guyana is 18 days, measured in 2019. That is the lowest value across all 16 years on record.

That represents a change of down 33.3% over ten years.

Over the whole period, time required to start a business in Guyana peaked at 42 days in 2004 and was at its lowest, 18 days, in 2012.

Guyana ranks 56th of 188 countries on this measure, in the middle of the range.

The long-run direction has been consistently falling across the 16 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 38 days 27 days 42 days 6
2010s 18.6 days 18 days 23 days 10

Countries ranked near Guyana

  1. 53 Kuwait 19.4 days compare
  2. 54 Antigua and Barbuda 19 days compare
  3. 55 Saint Kitts and Nevis 18.5 days compare
  4. 56 Algeria 18 days compare
  5. 56 Liberia 18 days compare
  6. 56 Vanuatu 18 days compare

See the full ranking of 188 places →

More reference data data for Guyana

All data for Guyana →

Frequently asked questions

What is time required to start a business in Guyana?
Time required to start a business in Guyana was 18 days in 2019, according to Doing Business project, World Bank (2025) – processed by Our World in Data.
What is the highest time required to start a business recorded in Guyana?
The highest recorded value was 42 days in 2004.
What is the lowest time required to start a business recorded in Guyana?
The lowest recorded value was 18 days in 2012.
How does Guyana rank for time required to start a business?
Guyana ranks 56th out of 188 countries with data for 2019.
Is time required to start a business rising or falling in Guyana?
Over the last ten years it is down 33.3%. The long-run trend across the full record is falling.
Where does this Guyana data come from?
The figures come from Doing Business project, World Bank (2025) – processed by Our World in Data, published as part of Time required to start a business. Statizoid updates them automatically from the source API.

Download this data

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About this data

Indicator
Time required to start a business
Unit
days
Source
Doing Business project, World Bank (2025) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
188 places, 2,945 data points, 2003–2019
Last refreshed

Number of calendar days needed to complete the procedures to legally operate a business.