Ease of doing business index for the Philippines
ICBUSEASEXQPHL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
95.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for the Philippines measures the efficiency and friendliness of the country's regulatory environment for businesses.
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
This index, compiled annually by the World Bank, evaluates various factors that impact the ease of operating a business in the Philippines, such as starting a company, obtaining construction permits, getting electricity, and resolving insolvency.
Methodology
The index is calculated based on detailed surveys and data collection across several economic and regulatory indicators.
Historical Context
The index helps inform policy decisions and reforms aimed at improving the business climate and competitiveness of the Philippine economy.
Key Facts
- The Philippines ranked 95th out of 190 countries in the 2020 Ease of Doing Business Index.
- Starting a business in the Philippines takes an average of 13 days and 16 procedures.
- Resolving insolvency in the Philippines takes an average of 2.7 years.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index for the Philippines measures the efficiency and friendliness of the country's regulatory environment for businesses.
Q: Why is this trend relevant for users or analysts?
A: The index helps inform policy decisions and reforms aimed at improving the business climate and competitiveness of the Philippine economy.
Q: How is this data collected or calculated?
A: The index is calculated based on detailed surveys and data collection across several economic and regulatory indicators.
Q: How is this trend used in economic policy?
A: The Ease of Doing Business Index is used by policymakers, economists, and institutions to assess the business climate and competitiveness of the Philippine economy.
Q: Are there update delays or limitations?
A: The index is published annually, with some delays in data collection and reporting.
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Citation
U.S. Federal Reserve, Ease of doing business index for the Philippines (ICBUSEASEXQPHL), retrieved from FRED.