Time required to start business in Panama
Panama: Time required to start business was 6 in 2019. ▼ Falling
Latest (2019)
6
Change on year
unchanged
World rank
150th
of 188 countries
All-time high
18
in 2003
All-time low
6
in 2013
Years of data
17
2003–2019
Time required to start business in Panama, 2003–2019
Source: Our World in Data.
Analysis
The most recent figure for time required to start business in Panama is 6, measured in 2019. That is the lowest value across all 17 years on record.
The figure is down 50.0% over ten years.
Over the whole period, time required to start business in Panama peaked at 18 in 2003 and was at its lowest, 6, in 2013.
Panama ranks 150th of 188 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Time required to start business in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 18 | — |
| 2004 | 18 | +0.0% |
| 2005 | 18 | +0.0% |
| 2006 | 18 | +0.0% |
| 2007 | 18 | +0.0% |
| 2008 | 12 | -33.3% |
| 2009 | 12 | +0.0% |
| 2010 | 9 | -25.0% |
| 2011 | 8 | -11.1% |
| 2012 | 7 | -12.5% |
| 2013 | 6 | -14.3% |
| 2014 | 6 | +0.0% |
| 2015 | 6 | +0.0% |
| 2016 | 6 | +0.0% |
| 2017 | 6 | +0.0% |
| 2018 | 6 | +0.0% |
| 2019 | 6 | +0.0% |
Panama compared with similar countries
- Panama's 6 is below the median for high income countries, which is 8.5, 71% of the median. (62 countries reporting)
- Panama's 6 is below the median for Latin America & Caribbean, which is 16, 38% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.29 | 12 | 18 | 7 |
| 2010s | 6.6 | 6 | 9 | 10 |
Countries ranked near Panama
More reference data data for Panama
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.1446 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.6179 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.9793 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0285 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.9793 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.4849 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.2267 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 3.44 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 5.08 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.1553 (2050)
Frequently asked questions
- What is time required to start business in Panama?
- Time required to start business in Panama was 6 in 2019, according to Our World in Data.
- What is the highest time required to start business recorded in Panama?
- The highest recorded value was 18 in 2003.
- What is the lowest time required to start business recorded in Panama?
- The lowest recorded value was 6 in 2013.
- How does Panama rank for time required to start business?
- Panama ranks 150th out of 188 countries with data for 2019.
- Is time required to start business rising or falling in Panama?
- Over the last ten years it is down 50.0%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from Our World in Data, published as part of Time required to start business. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).