Ease of doing business index for the Democratic Republic of the Congo
ICBUSEASEXQCOD • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
183.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for the Democratic Republic of the Congo measures the country's regulatory environment and its impact on starting, operating, and closing a local business.
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 index is calculated annually by the World Bank, ranking countries on criteria like starting a business, getting construction permits, and enforcing contracts. It provides insight into the business climate and helps guide policy reforms.
Methodology
The index is calculated based on a standardized set of indicators and data collected through surveys of local experts.
Historical Context
The ease of doing business index is widely used by policymakers, investors, and analysts to assess a country's economic competitiveness.
Key Facts
- The DRC ranked 183 out of 190 countries in the 2020 Ease of Doing Business index.
- The DRC's index score has remained below 40 out of 100 for the past decade.
- Weak infrastructure, corruption, and political instability are major challenges for businesses in the DRC.
FAQs
Q: What does the Ease of Doing Business index for the DRC measure?
A: The index measures the regulatory environment and its impact on starting, operating, and closing a local business in the Democratic Republic of the Congo.
Q: Why is this trend relevant for users or analysts?
A: The ease of doing business index provides important insights into a country's economic competitiveness and business climate, which is crucial information for policymakers, investors, and analysts.
Q: How is this data collected or calculated?
A: The index is calculated based on a standardized set of indicators and data collected through surveys of local experts.
Q: How is this trend used in economic policy?
A: The ease of doing business index is widely used by policymakers to assess a country's economic competitiveness and guide policy reforms to improve the business climate.
Q: Are there update delays or limitations?
A: The index is published annually by the World Bank, with some delays in data availability.
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Citation
U.S. Federal Reserve, Ease of doing business index for the Democratic Republic of the Congo (ICBUSEASEXQCOD), retrieved from FRED.