Ease of doing business index for the Non-OECD
ICBUSEASEXQNOC • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
75.93
Year-over-Year Change
-1.02%
Date Range
1/1/2014 - 1/1/2015
Summary
The Ease of Doing Business Index for the Non-OECD measures the regulatory environment for businesses in non-OECD economies. It is an important economic indicator for assessing business climate and competitiveness across countries.
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 provides a quantitative assessment of regulations affecting various aspects of business operations, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. This data is widely used by policymakers, investors, and researchers to evaluate and benchmark a country's business climate.
Methodology
The index is calculated by the World Bank based on detailed data collection and standardized scoring methodologies.
Historical Context
This index is a key input for economic policy decisions and private sector investment strategies.
Key Facts
- The index ranges from 0 to 100, with higher values indicating a more favorable business environment.
- The index covers 190 economies, including both OECD and non-OECD countries.
- New Zealand, Singapore, and Hong Kong consistently rank among the top-performing economies on the index.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index measures the regulatory environment for businesses in non-OECD economies, covering various aspects of business operations.
Q: Why is this trend relevant for users or analysts?
A: This index is widely used by policymakers, investors, and researchers to evaluate and benchmark a country's business climate, which is crucial for economic development and private sector investment decisions.
Q: How is this data collected or calculated?
A: The index is calculated by the World Bank based on detailed data collection and standardized scoring methodologies.
Q: How is this trend used in economic policy?
A: This index is a key input for economic policy decisions, as it provides insights into the regulatory environment and competitiveness of non-OECD economies.
Q: Are there update delays or limitations?
A: The index is updated annually, and there may be some delays in data reporting or limitations in coverage for certain countries.
Related Trends
Citation
U.S. Federal Reserve, Ease of doing business index for the Non-OECD (ICBUSEASEXQNOC), retrieved from FRED.