log in
All Countries

Barbados Business Guide


Geography


Location:
Caribbean, island in the North Atlantic Ocean, northeast of Venezuela


Geographic coordinates:
13 10 N, 59 32 W


Map references:
Central America and the Caribbean


Area:
total:430 sq kmcountry comparison to the world: 202
land:430 sq km
water:0 sq km


Area - comparative:
2.5 times the size of Washington, DC


Land boundaries:
territorial sea:12 nm
exclusive economic zone:200 nm


Climate:
tropical; rainy season (June to October)


Terrain:
relatively flat; rises gently to central highland region


Elevation extremes:
lowest point:Atlantic Ocean 0 m
highest point:Mount Hillaby 336 m


    Natural resources:
petroleum, fish, natural gas


Land use:
arable land:27.91%
permanent crops:2.33%
other:69.77% (2011)


Irrigated land:
54.35 sq km (2003)


Total renewable water resources:
0.08 cu km (2011)


Freshwater withdrawal (domestic/industrial/agricultural):
0.08 cu km (2011)

Natural hazards:
infrequent hurricanes; periodic landslides


Environment - current issues:
pollution of coastal waters from waste disposal by ships; soil erosion; illegal solid waste disposal threatens contamination of aquifers


Environment - international agreements:
party to:Biodiversity, Climate Change, Climate Change-Kyoto Protocol, Desertification, Endangered Species, Hazardous Wastes, Law of the Sea, Marine Dumping, Ozone Layer Protection, Ship Pollution, Wetlands
signed, but not ratified:none of the selected agreements


Geography - note:
easternmost Caribbean island



People and Society


Nationality:
noun: Barbadian(s) or Bajan (colloquial)
adjective:Barbadian or Bajan (colloquial)


Ethnic groups:
black 92.4%, white 2.7%, mixed 3.1%, East Indian 1.3%, other 0.2%, unspecified 0.2% (2010 est.)


Languages:
English (official), Bajan (English-based creole language, widely spoken in informal settings)


Religions:
Protestant 66.3% (includes Anglican 23.9%, other Pentecostal 19.5%, Adventist 5.9%, Methodist 4.2%, Wesleyan 3.4%, Nazarene 3.2%, Church of God 2.4%, Baptist 1.8%, Moravian 1.2%, other Protestant .8%), Roman Catholic 3.8%, other Christian 5.4% (includes Jehovah's Witness 2.0%, other 3.4%), Rastafarian 1%, other 1.5%, none 20.6%, unspecified 1.2% (2010 est.)


Population:
289,680 (July 2014 est.)country comparison to the world: 181


Age structure:
0-14 years:18.4% (male 26,709/female 26,716)
15-24 years:13.6% (male 19,705/female 19,754)
25-54 years:45% (male 64,821/female 65,394)
55-64 years:12.5% (male 16,837/female 19,286)
65 years and over:10.5% (male 12,068/female 18,390) (2014 est.)


Dependency ratios:
total dependency ratio:42.6 %
youth dependency ratio:26.8 %
elderly dependency ratio:15.8 %
potential support ratio:6.3 (2014 est.)


Median age:
total:37.6 years
male:36.5 years
female:38.7 years (2014 est.)


Population growth rate:
0.33% (2014 est.)country comparison to the world: 169


Birth rate:
11.97 births/1,000 population (2014 est.)country comparison to the world: 166


Death rate:
8.41 deaths/1,000 population (2014 est.)country comparison to the world: 82


Net migration rate:
-0.3 migrant(s)/1,000 population (2014 est.)country comparison to the world: 125


Urbanization:
urban population:44.4% of total population (2011)
rate of urbanization:1.35% annual rate of change (2010-15 est.)


Major urban areas - population:
BRIDGETOWN (capital) 122,000 (2011)


Sex ratio:
at birth:1.01 male(s)/female
0-14 years:1 male(s)/female
15-24 years:1 male(s)/female
25-54 years:0.99 male(s)/female
55-64 years:0.94 male(s)/female
65 years and over:0.65 male(s)/female
total population:0.94 male(s)/female (2014 est.)


Maternal mortality rate:
51 deaths/100,000 live births (2010)


Infant mortality rate:
total:10.93 deaths/1,000 live birthscountry comparison to the world: 132
male:12.58 deaths/1,000 live births
female:9.26 deaths/1,000 live births (2014 est.)


    Life expectancy at birth:
total population:74.99 yearscountry comparison to the world: 102
male:72.64 years
female:77.37 years (2014 est.)


Total fertility rate:
1.68 children born/woman (2014 est.)country comparison to the world: 174


Health expenditures:
7.7% of GDP (2011)


Physicians density:
1.81 physicians/1,000 population (2005)


Hospital bed density:
6.6 beds/1,000 population (2010)


Drinking water source:
improved:
urban: 99.8% of population
rural: 99.8% of population
total: 99.8% of population
unimproved:
urban: 0.2% of population
rural: 0.2% of population
total: 0.2% of population (2012 est.)


Sanitation facility access:
improved:
urban: 91.6% of population
rural: 91.6% of population
total: 91.6% of population
unimproved:
urban: 8.4% of population
rural: 8.4% of population
total: 8.4% of population (2006 est.)


HIV/AIDS - adult prevalence rate:
0.9% (2012 est.)country comparison to the world: 49


HIV/AIDS - people living with HIV/AIDS:
1,500 (2012 est.)country comparison to the world: 140


HIV/AIDS - deaths:
NA (2009 est.)


Obesity - adult prevalence rate:
34.7% (2008)country comparison to the world: 14


Education expenditures:
5.6% of GDP (2012)country comparison to the world: 54

Literacy:
definition:age 15 and over has ever attended school
total population:99.7%
male:99.7%
female:99.7% (2002 est.)


School life expectancy (primary to tertiary education):
total:15 years
male:14 years
female:17 years (2011)


Unemployment, youth ages 15-24:
total:26.2%country comparison to the world: 38
male:24.1%
female:28.7% (2003)


Government


Country name:
conventional long form: none
conventional short form:Barbados


Government type:
parliamentary democracy and a Commonwealth realm


Capital:
name:Bridgetown
geographic coordinates:13 06 N, 59 37 W
time difference:UTC-4 (1 hour ahead of Washington, DC, during Standard Time)


Administrative divisions:
11 parishes and 1 city*; Bridgetown*, Christ Church, Saint Andrew, Saint George, Saint James, Saint John, Saint Joseph, Saint Lucy, Saint Michael, Saint Peter, Saint Philip, Saint Thomas


Independence:
30 November 1966 (from the UK)


National holiday:
Independence Day, 30 November (1966)


Constitution:
adopted 22 November 1966, effective 30 November 1966; amended several times, last in 2003 (2011)


Legal system:
English common law; no judicial review of legislative acts


International law organization participation:
accepts compulsory ICJ jurisdiction with reservations; accepts ICCt jurisdiction


Suffrage:
18 years of age; universal


Executive branch:
chief of state:Queen ELIZABETH II (since 6 February 1952); represented by Governor General Elliot BELGRAVE (since 1 June 2012)
head of government:Prime Minister Freundel STUART (since 23 October 2010)
cabinet:Cabinet appointed by the governor general on the advice of the prime minister
elections:the monarchy is hereditary; governor general appointed by the monarch; following legislative elections, the leader of the majority party or the leader of the majority coalition is usually appointed prime minister by the governor general; the prime minister recommends the deputy prime minister


Legislative branch:
bicameral Parliament consists of the Senate (21 seats; members appointed by the governor general - 12 on the advice of the Prime Minister, 2 on the advice of the opposition leader, and 7 at his discretion) and the House of Assembly (30 seats; members are elected by direct popular vote to serve five-year terms)
elections:House of Assembly - last held on 21 February 2013 (next to be called in 2018)
election results:House of Assembly - percent of vote by party - DLP 51.3%, BLP 48.3%, other 0.4%; seats by party - DLP 16, BLP 14


Judicial branch:
highest court(s):Supreme Court (consists of the High Court with 8 justices) and the Court of Appeal (consists of the chief Justice and president of the court and 4 justices
note - Barbados, a member of the Caribbean Court of Justice, replaced the Judicial Committee of the Privy Council (in London) as the final court of appeal
judge selection and term of office:Supreme Court chief justice appointed by the governor-general on the recommendation of the prime minister and opposition leader of Parliament; other justices appointed by the governor-general on the recommendation of the Judicial and Legal Service Commission, a 5-member independent body consisting of the Supreme Court chief justice, the commission head, and governor-general appointees recommended by the prime minister; justices serve until mandatory retirement at age 65
subordinate courts:Magistrates' Courts


    Political parties and leaders:
Barbados Labor Party or BLP [Owen ARTHUR]
Democratic Labor Party or DLP [Freundel STUART]
People's Empowerment Party or PEP [David COMISSIONG]


Political pressure groups and leaders:
Barbados Secondary Teachers' Union or BSTU [Mary REDMAN]


International organization participation:
ACP, AOSIS, C, Caricom, CDB, CELAC, FAO, G-77, IADB, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, ISO, ITSO, ITU, ITUC (NGOs), LAES, MIGA, NAM, OAS, OPANAL, OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WCO, WFTU (NGOs), WHO, WIPO, WMO, WTO


Diplomatic representation in the US:
chief of mission:Ambassador John E. BEALE (since 29 January 2009)
chancery:2144 Wyoming Avenue NW, Washington, DC 20008
telephone:[1] (202) 939-9200
FAX:[1] (202) 332-7467
consulate(s) general:Miami, New York
consulate(s):Los Angeles


Diplomatic representation from the US:
chief of mission:Ambassador Larry L. PALMER (since 9 May 2012); note - also accredited to Antigua and Barbuda, Dominica, Grenada, Saint Kitts and Nevis, Saint Lucia, and Saint Vincent and the Grenadines
embassy:U.S. Embassy, Wildey Business Park, Wildey, St. Michael BB 14006
mailing address:P. O. Box 302, Bridgetown BB 11000; (Department Name) Unit 3120, DPO AA 34055
telephone:[1] (246) 227-4000
FAX:[1] (246) 431-0179


Flag description:
three equal vertical bands of blue (hoist side), gold, and blue with the head of a black trident centered on the gold band; the band colors represent the blue of the sea and sky and the gold of the beaches; the trident head represents independence and a break with the past (the colonial coat of arms contained a complete trident)


National symbol(s):
Neptune's trident


National anthem:
name:'The National Anthem of Barbados'

lyrics/music:Irving BURGIE/C. Van Roland EDWARDS
note:adopted 1966; the anthem is also known as 'In Plenty and In Time of Need'


Economy


Economy - overview:
Barbados is the wealthiest and most developed country in the Eastern Caribbean and enjoys one of the highest per capita incomes in Latin America. Historically, the Barbadian economy was dependent on sugarcane cultivation and related activities. However, in recent years the economy has diversified into light industry and tourism with about four-fifths of GDP and of exports being attributed to services. Offshore finance and information services are important foreign exchange earners and thrive from having the same time zone as eastern US financial centers and a relatively highly educated workforce. Barbados' tourism, financial services, and construction industries have been hard hit since the onset of the global economic crisis in 2008. Barbados' public debt-to-GDP ratio rose from 56% in 2008 to 90.5% in 2013. Growth prospects are limited because of a weak tourism outlook and planned austerity measures.


GDP (purchasing power parity):
$7.004 billion (2013 est.)
country comparison to the world: 162
$7.056 billion (2012 est.)
$7.056 billion (2011 est.)
note:data are in 2013 US dollars


GDP (official exchange rate):
$4.262 billion (2013 est.)


GDP - real growth rate:
-0.8% (2013 est.)
country comparison to the world: 203
0% (2012 est.)
0.8% (2011 est.)


GDP - per capita (PPP):
$25,100 (2013 est.)
country comparison to the world: 60
$25,400 (2012 est.)
$25,400 (2011 est.)
note:data are in 2013 US dollars


Gross national saving:
9% of GDP (2013 est.)
country comparison to the world: 140
9.4% of GDP (2012 est.)
3.4% of GDP (2011 est.)


GDP - composition, by end use:
household consumption:81.7%
government consumption:15.4%
investment in fixed capital:14.3%
investment in inventories:1.9%
exports of goods and services:40.5%
imports of goods and services:-53.8%
(2013 est.)


GDP - composition, by sector of origin:
agriculture:3.1%
industry:13.9%
services:83% (2013 est.)


Agriculture - products:
sugarcane, vegetables, cotton


Industries:
tourism, sugar, light manufacturing, component assembly for export


Industrial production growth rate:
-0.7% (2013 est.)
country comparison to the world: 172

Labor force:
141,800 (2013 est.)
country comparison to the world: 179


Labor force - by occupation:
agriculture:10%
industry:15%
services:75% (1996 est.)


Unemployment rate:
11.4% (2013 est.)
country comparison to the world: 119
11.6% (2012 est.)


Population below poverty line:
NA%


Household income or consumption by percentage share:
lowest 10%:NA%
highest 10%:NA%


    Budget:
revenues:$1.15 billion (2013 est.)
expenditures:$1.45 billion (2013 est.)


Taxes and other revenues:
27% of GDP (2013 est.)
country comparison to the world: 110

Budget surplus (+) or deficit (-):
-7% of GDP (2013 est.)
country comparison to the world: 186


Public debt:
90.5% of GDP (2013 est.)
country comparison to the world: 21
85.6% of GDP (2012 est.)


Fiscal year:
1 April - 31 March


Inflation rate (consumer prices):
2.1% (2013 est.)
country comparison to the world: 72
4.8% (2012 est.)


Central bank discount rate:
7% (31 December 2010 est.)
country comparison to the world: 40
7% (31 December 2009 est.)


Commercial bank prime lending rate:
8.5% (31 December 2013 est.)
country comparison to the world: 105
8.7% (31 December 2012 est.)


Stock of narrow money:
$1.749 billion (31 December 2013 est.)
country comparison to the world: 131
$1.711 billion (31 December 2012 est.)


Stock of broad money:
$4.229 billion (31 December 2013 est.)
country comparison to the world: 133
$4.198 billion (31 December 2012 est.)


Stock of domestic credit:
$5.035 billion (31 December 2013 est.)
country comparison to the world: 113
$4.874 billion (31 December 2012 est.)


Market value of publicly traded shares:
$4.495 billion (31 December 2012 est.)


Current account balance:
-$276.6 million (2013 est.)
country comparison to the world: 90
-$204.4 million (2012 est.)


Exports:
$1.051 billion (2013 est.)
country comparison to the world: 159
$1.039 billion (2012 est.)


Exports - commodities:
manufactures, sugar and molasses, rum, other foods and beverages, chemicals, electrical components


Exports - partners:
Trinidad and Tobago 20.8%, US 11.9%, St. Lucia 9.7%, St. Vincent and the Grenadines 6%, Jamaica 5.6%, Antigua and Barbuda 4.9%, St. Kitts and Nevis 4.6%, UK 4.4% (2012)


Imports:
$1.674 billion (2013 est.)
country comparison to the world: 169
$1.584 billion (2012 est.)


Imports - commodities:
consumer goods, machinery, foodstuffs, construction materials, chemicals, fuel, electrical components


Imports - partners:
Trinidad and Tobago 35.9%, US 26.9%, China 5.6% (2012)


Reserves of foreign exchange and gold:
$712.6 million (31 December 2013 est.)
country comparison to the world: 145
$839.7 million (31 December 2012 est.)


Debt - external:
$4.49 billion (2010 est.)
country comparison to the world: 124
$668 million (2003 est.)


Exchange rates:
Barbadian dollars (BBD) per US dollar -
2 (2013 est.)
2 (2012 est.)
2 (2010 est.)
note:the Barbadian dollar is pegged to the US dollar


Energy


Electricity - production:
1.002 billion kWh (2011 est.)
country comparison to the world: 145


Electricity - consumption:
986 million kWh (2010 est.)
country comparison to the world: 151


Electricity - exports:
0 kWh (2012 est.)
country comparison to the world: 101


Electricity - imports:
0 kWh (2012 est.)
country comparison to the world: 117


Electricity - installed generating capacity:
239,000 kW (2010 est.)
country comparison to the world: 158


Electricity - from fossil fuels:
100% of total installed capacity (2010 est.)
country comparison to the world: 5


Electricity - from nuclear fuels:
0% of total installed capacity (2010 est.)
country comparison to the world: 44


Electricity - from hydroelectric plants:
0% of total installed capacity (2010 est.)
country comparison to the world: 156


Electricity - from other renewable sources:
0% of total installed capacity (2010 est.)
country comparison to the world: 154


Crude oil - production:
1,001 bbl/day (2012 est.)
country comparison to the world: 108


Crude oil - exports:
764.5 bbl/day (2010 est.)
country comparison to the world: 70


Crude oil - imports:
0 bbl/day (2010 est.)
country comparison to the world: 156


    Crude oil - proved reserves:
2.26 million bbl (1 January 2013 est.)
country comparison to the world: 96


Refined petroleum products - production:
31 bbl/day (2010 est.)
country comparison to the world: 115


Refined petroleum products - consumption:
8,339 bbl/day (2011 est.)
country comparison to the world: 157


Refined petroleum products - exports:
0 bbl/day (2010 est.)
country comparison to the world: 150


Refined petroleum products - imports:
8,736 bbl/day (2010 est.)
country comparison to the world: 134


Natural gas - production:
20 million cu m (2010 est.)
country comparison to the world: 88


Natural gas - consumption:
20 million cu m (2010 est.)
country comparison to the world: 111


Natural gas - exports:
0 cu m (2011 est.)
country comparison to the world: 61


Natural gas - imports:
0 cu m (2011 est.)
country comparison to the world: 156


Natural gas - proved reserves:
113.3 million cu m (1 January 2013 est.)
country comparison to the world: 106


Carbon dioxide emissions from consumption of energy:
1.442 million Mt (2011 est.)



Communications


Telephones - main lines in use:
144,000 (2012)
country comparison to the world: 137


Telephones - mobile cellular:
347,000 (2012)
country comparison to the world: 172


Telephone system:
general assessment:island-wide automatic telephone system
domestic:fixed-line teledensity of roughly 50 per 100 persons; mobile-cellular telephone density approaching 125 per 100 persons
international:country code - 1-246; landing point for the East Caribbean Fiber System (ECFS) submarine cable with links to 13 other islands in the eastern Caribbean extending from the British Virgin Islands to Trinidad; satellite earth stations - 1 (Intelsat - Atlantic Ocean); tropospheric scatter to Trinidad and Saint Lucia (2009)



    Broadcast media:
government-owned Caribbean Broadcasting Corporation (CBC) operates the lone terrestrial TV station; CBC also operates a multi-channel cable TV subscription service; roughly a dozen radio stations, consisting of a CBC-operated network operating alongside privately owned radio stations (2007)


Internet country code:
.bb


Internet hosts:
1,524 (2012)
country comparison to the world: 167


Internet users:
188,000 (2008)
country comparison to the world: 143



Transportation


Airports
1 (2013)
country comparison to the world: 236


Airports - with paved runways
total:1
over 3,047 m:1 (2013)


Pipelines
gas 33 km; oil 64 km; refined products 6 km (2013)


Roadways
total:1,600 kmcountry comparison to the world: 176
paved:1,600 km (2011)


    Merchant marine
total:109country comparison to the world: 49
by type:bulk carrier 23, cargo 52, chemical tanker 13, container 6, passenger 1, passenger/cargo 1, petroleum tanker 8, refrigerated cargo 4, roll on/roll off 1
foreign-owned:83 (Canada 11, Greece 14, Iran 5, Lebanon 2, Norway 38, Sweden 4, Syria 1, Turkey 1, UAE 1, UK 6) (2010)



Ports and terminals
major seaport(s):Bridgetown


Military


Military branches
Royal Barbados Defense Force: Troops Command, Barbados Coast Guard (2011)


Military service age and obligation
18 years of age for voluntary military service, or earlier with parental consent; no conscription (2013)


Manpower available for military service
males age 16-49:73,820
females age 16-49:73,835 (2010 est.)


Manpower fit for military service
males age 16-49:58,125
females age 16-49:58,016 (2010 est.)


    Manpower reaching militarily significant age annually
male:1,842
female:1,849 (2010 est.)


Military - note
the Royal Barbados Defense Force includes a land-based Troop Command and a small Coast Guard; the primary role of the land element is island defense against external aggression; the Command consists of a single, part-time battalion with a small regular cadre deployed throughout the island; the cadre increasingly supports the police in patrolling the coastline for smuggling and other illicit activities (2007)


Transnational Issues


Disputes - international
Barbados and Trinidad and Tobago abide by the April 2006 Permanent Court of Arbitration decision delimiting a maritime boundary and limiting catches of flying fish in Trinidad and Tobago's exclusive economic zone; joins other Caribbean states to counter Venezuela's claim that Aves Island sustains human habitation, a criterion under the UN Convention on the Law of the Sea, which permits Venezuela to extend its Economic Exclusion Zone/continental shelf over a large portion of the eastern Caribbean Sea


    Trafficking in persons



Illicit drugs
one of many Caribbean transshipment points for narcotics bound for Europe and the US; offshore financial center

Information provided by CIA - The World Fact Book



Doing Business in Barbados 2017


           
 

 
Barbados

  Ease of Doing Business Rank
Overall DTF
117
57.42
 
 
Starting a Business (rank)
101
 
 
Protecting Minority Investors (rank)
165
 
  DTF
85.10
 
  DTF
35.00
 
  Procedures - Men (number)
8.0
 
  Strength of minority investor protection index (0-10)
3.5
 
  Time - Men (number)
15.0
 
  Extent of conflict of interest regulation index (0-10)
3.7
 
  Cost - Men (days)
7.7
 
  Extent of disclosure index (0-10)
2.0
 
  Procedures - Women (days)
8.0
 
  Extent of director liability index (0-10)
2.0
 
  Time - Women (% of income per capita)
15.0
 
  Ease of shareholder suits index (0-10)
7.0
 
  Cost - Women (% of income per capita)
7.7
 
  Extent of shareholder governance index (0-10)
3.3
 
  Paid-in min. capital (% of income per capita)
0.0
 
  Extent of shareholder rights index (0-10)
4.0
 
 

 
  Extent of ownership and control index (0-10)
2.0
 
  Dealing with Construction Permits (rank)
161
 
  Extent of corporate transparency index (0-10)
4.0
 
  DTF
54.96
 
 

 
  Procedures (number)
9.0
 
  Paying Taxes (rank)
85
 
  Time (days)
442.0
 
  DTF
72.70
 
  Cost (% of warehouse value)
0.2
 
  Payments (number per year)
28.0
 
  Building Quality Control Index(0-15)
5.5
 
  Time (hours per year)
237.0
 
  Quality of building regulations index (0-2)
2.0
 
  Total tax rate (% of profit)
34.7
 
  Quality control before construction index (0-1)
0.0
 
  Profit tax (% of profit)
19.5
 
  Quality control during construction index (0-3)
0.0
 
  Labor tax and contributions (% of profit)
12.2
 
  Quality control after construction index (0-3)
3.0
 
  Other taxes (% of profit)
3.0
 
  Liability and insurance regimes index (0-2)
0.5
 
  Postfiling index (0-100)
73.6
 
  Professional certifications index (0-4)
0.0
 
 
 
 
   
 
 
  Trading Across Borders (rank)
125
 
  Getting Electricity (rank)
93
 
  DTF
61.88
 
  DTF
69.38
 
  Time to export: Border compliance (hours)
41
 
  Procedures (number)
7.0
 
  Cost to export: Border compliance (USD)
350
 
  Time (days)
87.0
 
  Time to export: Documentary compliance (hours)
54
 
  Cost (% of income per capita)
64.7
 
  Cost to export: Documentary compliance (hours) (USD)
109
 
  Reliability of supply and transparency of tariff index (0-8)
6.0
 
  Time to import: Border compliance (hours)
104
 
  Total duration and frequency of outages per customer a year (0-3)
1.0
 
  Cost to import: Border compliance (USD)
1585
 
  Mechanisms for monitoring outages (0-1)
1.0
 
  Time to import: Documentary compliance (hours)
74
 
  Mechanisms for restoring service (0-1)
1.0
 
  Cost to import: Documentary compliance (USD)
146
 
  Regulatory monitoring (0-1)
1.0
 
   
 
 
  Financial deterrents aimed at limiting outages (0-1)
1.0
 
  Enforcing Contracts (rank)
167
 
  Communication of tariffs and tariff changes (0-1)
1.0
 
  DTF
38.02
 
  Price of electricity (US cents per kWh)
18.2
 
  Time (days)
1340.0
 
   
 
 
  Cost (% of claim)
19.7
 
  Registering Property (rank)
130
 
  Quality of judicial processes index (0-18)
6.5
 
  DTF
52.35
 
   
 
 
  Procedures (number)
6.0
 
  Resolving Insolvency (rank)
36
 
  Time (days)
105.0
 
  DTF
69.78
 
  Cost (% of property value)
5.6
 
  Recovery rate (cents on the dollar)
65.8
 
  Quality of the land administration index (0-30)
11.5
 
  Time (years)
1.8
 
  Reliability of infrastructure index (0-8)
5.0
 
  Cost (% of estate)
15.0
 
  Transparency of information index (0-6)
2.0
 
  Outcome (0 as piecemeal sale and 1 as going concern)
1
 
  Geographic coverage index (0-8)
0.0
 
  Strength of insolvency framework index (0-16)
11.0
 
  Land dispute resolution index (0-8)
4.5
 
  Commencement of proceedings index (0-3)
2.5
 
  Equal access to property rights index (-2-0)
0.0
 
  Management of debtor's assets index (0-6)
4.5
 
 
 
 
  Reorganization proceedings index (0-3)
1.0
 
  Getting Credit (rank)
133
 
  Creditor participation index (0-4)
3.0
 
  DTF
35.00
 
   
 
 
  Strength of legal rights index (0-12)
7.0
 
   
 
 
  Depth of credit information index (0-8)
0.0
 
 
 
 
  Credit registry coverage (% of adults)
0.0
 
   
 
 
  Credit bureau coverage (% of adults)
0.0
 
 
 
 
 

 
   
 
 
 
 
 
 



Information provided by The World Bank Group

 

WSG's members are independent firms and are not affiliated in the joint practice of professional services. Each member exercises its own individual judgments on all client matters.

HOME | SITE MAP | GLANCE | DISCLAIMER |  © World Services Group, 2017