Time required to start business in Puerto Rico
Puerto Rico: Time required to start business was 5.5 in 2019. ▼ Falling
Latest (2019)
5.5
Change on year
unchanged
World rank
156th
of 188 countries
All-time high
7
in 2003
All-time low
5.5
in 2016
Years of data
17
2003–2019
Time required to start business in Puerto Rico, 2003–2019
Source: Our World in Data.
Analysis
In 2019, time required to start business in Puerto Rico stood at 5.5. That is the lowest value across all 17 years on record.
That represents a change of down 21.4% over ten years.
Over the whole period, time required to start business in Puerto Rico peaked at 7 in 2003 and was at its lowest, 5.5, in 2016.
That places Puerto Rico 156th out of 188 countries with data for 2019, putting it 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 Puerto Rico, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 7 | — |
| 2004 | 7 | +0.0% |
| 2005 | 7 | +0.0% |
| 2006 | 7 | +0.0% |
| 2007 | 7 | +0.0% |
| 2008 | 7 | +0.0% |
| 2009 | 7 | +0.0% |
| 2010 | 7 | +0.0% |
| 2011 | 6 | -14.3% |
| 2012 | 6 | +0.0% |
| 2013 | 6 | +0.0% |
| 2014 | 6 | +0.0% |
| 2015 | 6 | +0.0% |
| 2016 | 5.5 | -8.3% |
| 2017 | 5.5 | +0.0% |
| 2018 | 5.5 | +0.0% |
| 2019 | 5.5 | +0.0% |
Puerto Rico compared with similar countries
- Puerto Rico's 5.5 is below the median for high income countries, which is 8.5, 65% of the median. (62 countries reporting)
- Puerto Rico's 5.5 is below the median for Latin America & Caribbean, which is 16, 34% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7 | 7 | 7 | 7 |
| 2010s | 5.9 | 5.5 | 7 | 10 |
Countries ranked near Puerto Rico
More reference data data for Puerto Rico
- Emission Totals - Direct emissions (N2O) - Crop Residues 0.0002 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure applied 70.31 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure Management 20.49 (2050)
- Emission Totals - Emissions (CO2eq) from N2O (AR5) - Manure left on 256.37 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - IPCC Agriculture 1,009 (2050)
- Emission Totals - Emissions (CO2eq) from CH4 (AR5) - Manure Management 34.71 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0791 (2050)
- Emission Totals - Emissions (CH4) - Burning - Crop residues 0.0011 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.2501 (2050)
- Emission Totals - Emissions (CO2eq) (AR5) - Manure applied to Soils 70.31 (2050)
Frequently asked questions
- What is time required to start business in Puerto Rico?
- Time required to start business in Puerto Rico was 5.5 in 2019, according to Our World in Data.
- What is the highest time required to start business recorded in Puerto Rico?
- The highest recorded value was 7 in 2003.
- What is the lowest time required to start business recorded in Puerto Rico?
- The lowest recorded value was 5.5 in 2016.
- How does Puerto Rico rank for time required to start business?
- Puerto Rico ranks 156th out of 188 countries with data for 2019.
- Is time required to start business rising or falling in Puerto Rico?
- Over the last ten years it is down 21.4%. The long-run trend across the full record is falling.
- Where does this Puerto Rico 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).