Ease of doing business index for Sri Lanka
ICBUSEASEXQLKA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business index for Sri Lanka measures the regulatory environment and its impact on the ease of starting and operating a local business. This metric is closely watched by economists and policymakers to assess the country's competitiveness for foreign investment and entrepreneurship.
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 an aggregate figure that compares business regulation environments across economies. It is calculated by the World Bank and covers various factors such as starting a business, getting credit, and trading across borders. The index is a key indicator of a country's economic health and attractiveness for investment.
Methodology
The data is collected through surveys of local experts and businesses, and then aggregated into a country-level ranking.
Historical Context
Policymakers use the Ease of Doing Business index to identify areas for regulatory reform and improve the investment climate.
Key Facts
- Sri Lanka's 2022 Ease of Doing Business rank is 100 out of 190 economies.
- The index ranges from 0 (worst) to 100 (best), with a higher score indicating a more business-friendly environment.
- Sri Lanka's index score has improved from 55.98 in 2019 to 61.8 in 2022.
FAQs
Q: What does the Ease of Doing Business index for Sri Lanka measure?
A: The index measures the regulatory environment and its impact on the ease of starting and operating a local business in Sri Lanka.
Q: Why is the Ease of Doing Business index relevant for users or analysts?
A: The index is a key indicator of a country's economic competitiveness and attractiveness for foreign investment, making it important for economists, policymakers, and businesses.
Q: How is the Ease of Doing Business data collected or calculated?
A: The data is collected through surveys of local experts and businesses, and then aggregated into a country-level ranking by the World Bank.
Q: How is the Ease of Doing Business index used in economic policy?
A: Policymakers use the index to identify areas for regulatory reform and improve the investment climate in order to attract more foreign direct investment.
Q: Are there any update delays or limitations to the Ease of Doing Business data?
A: The index is published annually, with the most recent data available for 2022. There may be some delays in data collection and publication, but the index remains a widely used and relevant indicator of a country's business environment.
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Citation
U.S. Federal Reserve, Ease of doing business index for Sri Lanka (ICBUSEASEXQLKA), retrieved from FRED.