Ease of doing business index for Kiribati
ICBUSEASEXQKIR • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
164.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Kiribati measures the country's regulatory environment for starting and operating a local firm. It is an important indicator for economists and policymakers assessing Kiribati's economic competitiveness.
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 evaluates the time, cost, and procedures required for a small to medium-sized domestic business to comply with relevant government regulations. It provides a holistic assessment of the business climate and its impact on private sector activity.
Methodology
The index is calculated annually by the World Bank based on standardized surveys and data collection.
Historical Context
The index is widely used by governments, investors, and analysts to benchmark a country's economic policies and regulatory efficiency.
Key Facts
- Kiribati's Ease of Doing Business Index score was 48.8 in 2020.
- Kiribati ranks 91st globally on the Ease of Doing Business Index.
- The index covers 10 areas of business regulation, including starting a business, getting credit, and paying taxes.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index for Kiribati measures the regulatory environment and procedures for starting, operating, and closing a local business in the country.
Q: Why is this trend relevant for users or analysts?
A: The index is an important indicator of a country's economic competitiveness and the overall business climate, which is relevant for investors, policymakers, and economists analyzing Kiribati's economic development.
Q: How is this data collected or calculated?
A: The World Bank calculates the index annually based on standardized surveys and data collection on business regulations and their enforcement.
Q: How is this trend used in economic policy?
A: Governments, investors, and analysts use the Ease of Doing Business Index to benchmark a country's regulatory environment and inform economic policy decisions, particularly those aimed at improving the business climate and supporting private sector growth.
Q: Are there update delays or limitations?
A: The Ease of Doing Business Index is published annually, with a one-year delay in the data. The methodology and data collection process may have certain limitations in capturing the nuances of local business regulations.
Related Trends
Number of Identified Exporters to Kiribati from Iowa
IAKIRA475SCEN
Use of Financial Services, Assets: Outstanding Loans at Commercial Banks for Kiribati
KIRFCSODCXDC
Value of Exports to Kiribati from Alabama
ALKIRA052SCEN
Number of Identified Exporters to Kiribati from Puerto Rico
PRKIRA475SCEN
External Trade: Volume of Imports of Goods and Services for Kiribati
KIRTMRPCPPPT
Number of Identified Exporters to Kiribati from Colorado
COKIRA475SCEN
Citation
U.S. Federal Reserve, Ease of doing business index for Kiribati (ICBUSEASEXQKIR), retrieved from FRED.