Ease of doing business index for the Russian Federation
ICBUSEASEXQRUS • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
29.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for the Russian Federation measures the country's regulatory environment and its impact on business operations. This key indicator helps economists and policymakers assess Russia's competitiveness and attractiveness for investment.
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 various factors that affect the business climate, such as 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. It provides a snapshot of Russia's regulatory environment and its effect on enterprise development.
Methodology
The index is calculated by the World Bank based on data collected through surveys of local experts in each economy.
Historical Context
Policymakers and investors use this index to gauge Russia's progress in improving its business climate and competitiveness.
Key Facts
- Russia ranked 120th out of 190 countries in the 2020 Ease of Doing Business Index.
- Starting a business in Russia takes an average of 9 days and 4 procedures.
- Enforcing contracts in Russia takes an average of 368 days.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index measures the regulatory environment and its impact on business operations in the Russian Federation.
Q: Why is this trend relevant for users or analysts?
A: This index is a key indicator of Russia's competitiveness and attractiveness for investment, helping economists and policymakers assess the country's business climate.
Q: How is this data collected or calculated?
A: The index is calculated by the World Bank based on data collected through surveys of local experts in each economy.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this index to gauge Russia's progress in improving its business climate and competitiveness.
Q: Are there update delays or limitations?
A: The Ease of Doing Business Index is updated annually, with the latest data reflecting the previous year's conditions.
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Citation
U.S. Federal Reserve, Ease of doing business index for the Russian Federation (ICBUSEASEXQRUS), retrieved from FRED.