Ease of doing business index for the Republic of the Gambia
ICBUSEASEXQGMB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
155.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for the Republic of the Gambia measures the regulatory environment and its impact on businesses operating in the country. It is an important indicator for policymakers and investors assessing the business climate.
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 ranks countries based on their regulatory environment and how it facilitates or hinders business operations. It considers factors like starting a business, obtaining construction permits, getting electricity, registering property, and more.
Methodology
The index is calculated annually by the World Bank based on surveys and data collection.
Historical Context
The Ease of Doing Business Index is widely used by governments, investors, and international organizations to evaluate economic policy and identify areas for reform.
Key Facts
- The Gambia ranked 155 out of 190 countries in the 2020 Ease of Doing Business index.
- Obtaining construction permits is a key challenge, with the Gambia ranking 170th globally in this metric.
- Reforms to streamline business registration and property registration could improve the Gambia's overall ranking.
FAQs
Q: What does the Ease of Doing Business index for the Gambia measure?
A: The index measures the regulatory environment and its impact on businesses operating in the Republic of the Gambia. It considers factors like starting a company, obtaining permits, and registering property.
Q: Why is the Ease of Doing Business index relevant for users and analysts?
A: The index is an important indicator for policymakers, investors, and international organizations to assess the business climate and identify areas for regulatory reform to support private sector development.
Q: How is the Ease of Doing Business data collected and calculated?
A: The index is calculated annually by the World Bank based on surveys and data collection from businesses in each country.
Q: How is the Ease of Doing Business index used in economic policy?
A: Governments, investors, and international institutions use the index to evaluate economic policies and identify opportunities to improve the regulatory environment and business climate.
Q: Are there any delays or limitations in the Ease of Doing Business data?
A: The index is published annually, so there can be a lag between reforms and their inclusion in the ranking. The methodology also relies on surveys, which can have limitations in data quality and consistency across countries.
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Citation
U.S. Federal Reserve, Ease of doing business index for the Republic of the Gambia (ICBUSEASEXQGMB), retrieved from FRED.