Ease of doing business index for Australia
ICBUSEASEXQAUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
14.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Australia measures the regulatory environment for starting and operating a local business. It is an important economic indicator for assessing the country's competitiveness and attractiveness for investment.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Ease of Doing Business Index is a composite metric compiled annually by the World Bank that ranks countries based on regulations affecting 11 areas of the business lifecycle. It provides a holistic view of the business climate and regulatory efficiency in a given economy.
Methodology
The data is collected through surveys of local experts and desk research on laws and regulations.
Historical Context
Policymakers and foreign investors use this index to guide decisions on market entry, expansion, and resource allocation.
Key Facts
- Australia ranked 14th out of 190 countries in the 2020 Ease of Doing Business Index.
- Criteria include starting a business, getting electricity, paying taxes, and enforcing contracts.
- Higher rankings indicate a more business-friendly regulatory environment.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index measures the regulatory environment for starting and operating a local business in Australia.
Q: Why is this trend relevant for users or analysts?
A: This index is an important indicator of Australia's competitiveness and attractiveness for domestic and foreign investment.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local experts and desk research on laws and regulations.
Q: How is this trend used in economic policy?
A: Policymakers and foreign investors use this index to guide decisions on market entry, expansion, and resource allocation in Australia.
Q: Are there update delays or limitations?
A: The Ease of Doing Business Index is published annually, so there may be a delay in the most recent data.
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Citation
U.S. Federal Reserve, Ease of doing business index for Australia (ICBUSEASEXQAUS), retrieved from FRED.