Time required to start a business in North Macedonia

North Macedonia: Time required to start a business was 15 days in 2019. ◆ Volatile

Latest (2019)
15 days
Change on year
unchanged
World rank
75th
of 188 countries
All-time high
60 days
in 2003
All-time low
15 days
in 2012
Years of data
17
2003–2019

Time required to start a business in North Macedonia, 2003–2019

1020304050602003201120192003: 60 days2004: 60 days2005: 60 days2006: 31 days2007: 28 days2008: 22 days2009: 17 days2010: 16 days2011: 16 days2012: 15 days2013: 15 days2014: 15 days2015: 15 days2016: 15 days2017: 15 days2018: 15 days2019: 15 days

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

Analysis

In 2019, time required to start a business in North Macedonia stood at 15 days. That is the lowest value across all 17 years on record.

That represents a change of down 11.8% over ten years.

Over the whole period, time required to start a business in North Macedonia peaked at 60 days in 2003 and was at its lowest, 15 days, in 2012.

North Macedonia ranks 75th of 188 countries on this measure, in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Time required to start a business in North Macedonia, year by year

Annual values for Time required to start a business in North Macedonia, 2003 to 2019.
Year days Change
2003 60 days
2004 60 days +0.0%
2005 60 days +0.0%
2006 31 days -48.3%
2007 28 days -9.7%
2008 22 days -21.4%
2009 17 days -22.7%
2010 16 days -5.9%
2011 16 days +0.0%
2012 15 days -6.2%
2013 15 days +0.0%
2014 15 days +0.0%
2015 15 days +0.0%
2016 15 days +0.0%
2017 15 days +0.0%
2018 15 days +0.0%
2019 15 days +0.0%

North Macedonia compared with similar countries

  • North Macedonia's 15 days is above the median for upper middle income countries, which is 12 days, 1.2× the median. (55 countries reporting)
  • North Macedonia's 15 days is above the median for Europe & Central Asia, which is 7.25 days, 2.1× the median. (48 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
2000s 39.71 days 17 days 60 days 7
2010s 15.2 days 15 days 16 days 10

Countries ranked near North Macedonia

  1. 74 Syria 15.5 days compare
  2. 75 Guatemala 15 days compare
  3. 75 Guinea 15 days compare
  4. 75 Lebanon 15 days compare
  5. 75 Lesotho 15 days compare

See the full ranking of 188 places →

More reference data data for North Macedonia

All data for North Macedonia →

Frequently asked questions

What is time required to start a business in North Macedonia?
Time required to start a business in North Macedonia was 15 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 North Macedonia?
The highest recorded value was 60 days in 2003.
What is the lowest time required to start a business recorded in North Macedonia?
The lowest recorded value was 15 days in 2012.
How does North Macedonia rank for time required to start a business?
North Macedonia ranks 75th out of 188 countries with data for 2019.
Is time required to start a business rising or falling in North Macedonia?
Over the last ten years it is down 11.8%. The long-run trend across the full record is volatile.
Where does this North Macedonia 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.

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Time required to start a business in North Macedonia. Statizoid, drawing on Doing Business project, World Bank (2025) – processed by Our World in Data. Retrieved 23 September 2026, from https://reference.statizoid.com/stat/time-required-to-start-business/north-macedonia/

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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.