Ease of doing business index for Iraq
ICBUSEASEXQIRQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
172.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Iraq measures the overall business climate and regulatory environment for private enterprise in the country. It is a key indicator used by economists and policymakers to assess Iraq's economic competitiveness and potential for investment and growth.
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 factors like starting a business, obtaining construction permits, getting electricity, registering property, accessing credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. It provides a holistic view of the regulatory and infrastructure conditions for businesses in Iraq.
Methodology
The index is calculated annually by the World Bank based on quantitative data and expert assessments.
Historical Context
The Ease of Doing Business Index is widely referenced by investors, international organizations, and policymakers when evaluating Iraq's economic policies and reform priorities.
Key Facts
- Iraq ranked 172 out of 190 countries in the 2020 Ease of Doing Business Index.
- The index score for Iraq has improved from 44.3 in 2010 to 53.3 in 2020.
- Starting a business and obtaining construction permits are among the most challenging areas for businesses in Iraq.
FAQs
Q: What does the Ease of Doing Business Index for Iraq measure?
A: The index measures the overall business climate and regulatory environment for private enterprise in Iraq, based on factors like starting a business, obtaining permits, accessing credit, and trading across borders.
Q: Why is the Ease of Doing Business Index relevant for users or analysts?
A: The index provides a comprehensive assessment of the conditions for conducting business in Iraq, which is crucial information for investors, international organizations, and policymakers evaluating the country's economic competitiveness and reform priorities.
Q: How is the Ease of Doing Business data for Iraq collected and calculated?
A: The data is collected annually by the World Bank through quantitative measures and expert assessments of the regulatory environment and infrastructure in Iraq.
Q: How is the Ease of Doing Business Index for Iraq used in economic policy?
A: The index is widely referenced by policymakers, investors, and international organizations when evaluating Iraq's economic policies and reform efforts to improve the business climate and attract investment.
Q: Are there any delays or limitations in the Ease of Doing Business data for Iraq?
A: The index is published annually, so there may be a delay of up to a year in the most recent data. Additionally, the index relies on quantitative measures and expert assessments, which can be subject to limitations in data availability and comparability across countries.
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Citation
U.S. Federal Reserve, Ease of doing business index for Iraq (ICBUSEASEXQIRQ), retrieved from FRED.