Ease of doing business index for Papua New Guinea
ICBUSEASEXQPNG • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
120.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Papua New Guinea measures the country's regulatory environment and its impact on business operations. This metric is crucial for policymakers and investors to assess the ease of establishing and running a business in the country.
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 for Papua New Guinea is a composite index published annually by the World Bank. It evaluates the regulatory framework, infrastructure, and institutional factors that affect business activities in the country. The index is widely used by governments, international organizations, and private investors to inform policy decisions and investment strategies.
Methodology
The data is collected through surveys of local experts and businesses, as well as regulatory analysis by the World Bank research team.
Historical Context
The Ease of Doing Business Index is a key indicator for assessing the overall business climate and competitiveness of an economy.
Key Facts
- Papua New Guinea ranked 120th out of 190 countries in the 2020 Ease of Doing Business Index.
- The index measures 10 areas of business regulation, including starting a business, getting electricity, and trading across borders.
- Improving the Ease of Doing Business Index is a key priority for the Papua New Guinea government to attract foreign investment.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index for Papua New Guinea measures the regulatory environment and its impact on business operations in the country.
Q: Why is this trend relevant for users or analysts?
A: This index is crucial for policymakers and investors to assess the ease of establishing and running a business in Papua New Guinea, which informs policy decisions and investment strategies.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local experts and businesses, as well as regulatory analysis by the World Bank research team.
Q: How is this trend used in economic policy?
A: The Ease of Doing Business Index is a key indicator for assessing the overall business climate and competitiveness of the Papua New Guinea economy, which is used by governments, international organizations, and private investors.
Q: Are there update delays or limitations?
A: The Ease of Doing Business Index is published annually by the World Bank, so there may be a delay in the most recent data being available.
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Citation
U.S. Federal Reserve, Ease of doing business index for Papua New Guinea (ICBUSEASEXQPNG), retrieved from FRED.