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Nicaragua Business Guide


Geography


Location:
Central America, bordering both the Caribbean Sea and the North Pacific Ocean, between Costa Rica and Honduras


Geographic coordinates:
13 00 N, 85 00 W


Map references:
Central America and the Caribbean


Area:
total:130,370 sq kmcountry comparison to the world: 98
land:119,990 sq km
water:10,380 sq km


Area - comparative:
Area comparison map: '>


Land boundaries:
total:1,231 km
border countries:Costa Rica 309 km, Honduras 922 km


Coastline:
910 km


Maritime claims:
territorial sea:12 nm
contiguous zone:24 nm
continental shelf:natural prolongation


    Climate:
tropical in lowlands, cooler in highlands


Terrain:
extensive Atlantic coastal plains rising to central interior mountains; narrow Pacific coastal plain interrupted by volcanoes


Elevation extremes:
lowest point:Pacific Ocean 0 m
highest point:Mogoton 2,438 m


Natural resources:
gold, silver, copper, tungsten, lead, zinc, timber, fish


Land use:
arable land:14.57%
permanent crops:1.76%
other:83.66% (2011)


Irrigated land:
942.4 sq km (2003)


Total renewable water resources:
196.6 cu km (2011)


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

Natural hazards:
destructive earthquakes; volcanoes; landslides; extremely susceptible to hurricanes


Environment - current issues:
deforestation; soil erosion; water pollution


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


Geography - note:
largest country in Central America; contains the largest freshwater body in Central America, Lago de Nicaragua



People and Society


Nationality:
noun: Nicaraguan(s)
adjective:Nicaraguan


Ethnic groups:
mestizo (mixed Amerindian and white) 69%, white 17%, black 9%, Amerindian 5%


Languages:
Spanish (official) 95.3%, Miskito 2.2%, Mestizo of the Caribbean coast 2%, other 0.5%


Religions:
Roman Catholic 58.5%, Protestant 23.2% (Evangelical 21.6%, Moravian 1.6%), Jehovah's Witnesses 0.9%, other 1.6%, none 15.7% (2005 est.)


Demographic profile:
Despite being one of the poorest countries in Latin America, Nicaragua has improved its access to potable water and sanitation and has ameliorated its life expectancy, infant and child mortality, and immunization rates. However, income distribution is very uneven, and the poor, agriculturalists, and indigenous people continue to have less access to healthcare services. Nicaragua's total fertility rate has fallen from around 6 children per woman in 1980 to just above replacement level today, but the high birth rate among adolescents perpetuates a cycle of poverty and low educational attainment.


Population:
5,848,641 (July 2014 est.)country comparison to the world: 111


Age structure:
0-14 years:29.3% (male 873,545/female 839,853)
15-24 years:22.4% (male 657,076/female 652,856)
25-54 years:38% (male 1,051,656/female 1,173,084)
55-64 years:5.4% (male 147,405/female 169,618)
65 years and over:4.7% (male 127,699/female 155,849) (2014 est.)


Dependency ratios:
total dependency ratio:58.8 %
youth dependency ratio:51.4 %
elderly dependency ratio:7.4 %
potential support ratio:13.4 (2014 est.)


Median age:
total:24.2 years
male:23.3 years
female:25.1 years (2014 est.)


Population growth rate:
1.02% (2014 est.)country comparison to the world: 118


Birth rate:
18.41 births/1,000 population (2014 est.)country comparison to the world: 103


Death rate:
5.07 deaths/1,000 population (2014 est.)country comparison to the world: 184


Net migration rate:
-3.13 migrant(s)/1,000 population (2014 est.)country comparison to the world: 179


Urbanization:
urban population:57.5% of total population (2011)
rate of urbanization:1.94% annual rate of change (2010-15 est.)


Major urban areas - population:
MANAGUA (capital) 970,000 (2011)


Sex ratio:
at birth:1.05 male(s)/female
0-14 years:1.04 male(s)/female
15-24 years:1.01 male(s)/female
25-54 years:0.9 male(s)/female
55-64 years:0.96 male(s)/female
65 years and over:0.83 male(s)/female
total population:0.96 male(s)/female (2014 est.)


Mother's mean age at first birth:
19.7


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


Infant mortality rate:
total:20.36 deaths/1,000 live birthscountry comparison to the world: 88
male:23.36 deaths/1,000 live births
female:17.2 deaths/1,000 live births (2014 est.)


    Life expectancy at birth:
total population:72.72 yearscountry comparison to the world: 130
male:70.57 years
female:74.98 years (2014 est.)


Total fertility rate:
1.99 children born/woman (2014 est.)country comparison to the world: 128


Contraceptive prevalence rate:
72.4% (2006/07)


Health expenditures:
10.1% of GDP (2009)


Physicians density:
0.37 physicians/1,000 population (2003)


Hospital bed density:
1.1 beds/1,000 population (2011)


Drinking water source:
improved:
urban: 97.6% of population
rural: 67.8% of population
total: 85% of population
unimproved:
urban: 2.4% of population
rural: 32.2% of population
total: 15% of population (2012 est.)


Sanitation facility access:
improved:
urban: 63.2% of population
rural: 37% of population
total: 52.1% of population
unimproved:
urban: 36.8% of population
rural: 63% of population
total: 47.9% of population (2012 est.)


HIV/AIDS - adult prevalence rate:
0.3% (2012 est.)country comparison to the world: 100


HIV/AIDS - people living with HIV/AIDS:
9,600 (2012 est.)country comparison to the world: 106


HIV/AIDS - deaths:
100 (2012 est.)country comparison to the world: 137


Major infectious diseases:


Obesity - adult prevalence rate:
22.2% (2008)country comparison to the world: 81


Children under the age of 5 years underweight:
5.7% (2007)country comparison to the world: 85


Education expenditures:
4.6% of GDP (2010)country comparison to the world: 88

Literacy:
definition:age 15 and over can read and write
total population:78%
male:78.1%
female:77.9% (2005 est.)


School life expectancy (primary to tertiary education):
total:11 years
male:10 years
female:11 years (2002)


Child labor - children ages 5-14:



Unemployment, youth ages 15-24:
total:8.6%country comparison to the world: 118
male:8.1%
female:9.7% (2006)


Government


Country name:
conventional long form: Republic of Nicaragua
conventional short form:Nicaragua
local long form:Republica de Nicaragua
local short form:Nicaragua


Government type:
republic


Capital:
name:Managua
geographic coordinates:12 08 N, 86 15 W
time difference:UTC-6 (1 hour behind Washington, DC, during Standard Time)


Administrative divisions:
15 departments (departamentos, singular - departamento) and 2 autonomous regions* (regiones autonomistas, singular - region autonoma); Atlantico Norte*, Atlantico Sur*, Boaco, Carazo, Chinandega, Chontales, Esteli, Granada, Jinotega, Leon, Madriz, Managua, Masaya, Matagalpa, Nueva Segovia, Rio San Juan, Rivas


Independence:
15 September 1821 (from Spain)


National holiday:
Independence Day, 15 September (1821)


Constitution:
several previous; latest adopted 19 November 1986, effective 9 January 1987; amended several times, last in 2014 (2014)


Legal system:
civil law system; Supreme Court may review administrative acts


International law organization participation:
accepts compulsory ICJ jurisdiction with reservations; non-party state to the ICCt


Suffrage:
16 years of age; universal


Executive branch:
chief of state:President Jose Daniel ORTEGA Saavedra (since 10 January 2007); Vice President Moises Omar HALLESLEVENS Acevedo (since 10 January 2012); note - the president is both chief of state and head of government
head of government:President Jose Daniel ORTEGA Saavedra (since 10 January 2007); Vice President Moises Omar HALLESLEVENS Acevedo (since 10 January 2012)
cabinet:Council of Ministers appointed by the president
elections:president and vice president elected on the same ticket by popular vote for a five-year term; election last held on 6 November 2011 (next to be held by November 2016)
election results:Jose Daniel ORTEGA Saavedra reelected president; percent of vote - Jose Daniel ORTEGA Saavedra 62.5%, Fabio GADEA 31%, Arnoldo ALEMAN 5.9%, other 0.6%


Legislative branch:
unicameral National Assembly or Asamblea Nacional (92 seats; 90 members elected by proportional representation and party lists to serve five-year terms; 1 seat for the previous president, 1 seat for the runner-up in previous presidential election)
elections:last held on 6 November 2011 (next to be held by November 2016)
election results:percent of vote by party - NA; seats by party - FSLN 62, PLI/MRS 26, PLC 2


Judicial branch:
highest court(s):Supreme Court or Corte Suprema de Justicia (consists of 16 judges organized into administrative, civil, criminal, and constitutional chambers)
judge selection and term of office:Supreme Court judges elected by the National Assembly to serve 5-year staggered terms
subordinate courts:Appeals Court; first instance civil, criminal, and military courts


    Political parties and leaders:
Alliance for the Republic or APRE [Carlos CANALES]
Conservative Party or PC [Alejandro BOLANOS Davis]
Independent Liberal Party or PLI [Indalecio RODRIGUEZ]
Liberal Constitutionalist Party or PLC [Maria Haydee OSUNA]
Nicaraguan Liberal Alliance or ALN [Alejandro MEJIA Ferreti]
Sandinista National Liberation Front or FSLN [Jose Daniel ORTEGA Saavedra]
Sandinista Renovation Movement or MRS [Ana Margarita VIJIL]


Political pressure groups and leaders:
National Workers Front or FNT (a Sandinista umbrella group of eight labor unions including: Farm Workers Association or ATC, Health Workers Federation or FETASALUD, Heroes and Martyrs Confederation of Professional Associations or CONAPRO, National Association of Educators of Nicaragua or ANDEN, National Union of Employees or UNE, National Union of Farmers and Ranchers or UNAG, Sandinista Workers Central or CST, and Union of Journalists of Nicaragua or UPN)


International organization participation:
BCIE, CACM, CD, CELAC, FAO, G-77, IADB, IAEA, IBRD, ICAO, ICRM, IDA, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO (correspondent), ITSO, ITU, ITUC (NGOs), LAES, LAIA, LAIA (observer), MIGA, NAM, OAS, OPANAL, OPCW, PCA, Petrocaribe, SICA, UN, UNCTAD, UNESCO, UNHCR, UNIDO, Union Latina, UNWTO, UPU, WCO, WHO, WIPO, WMO, WTO


Diplomatic representation in the US:
chief of mission:Ambassador Francisco Obadiah CAMPBELL Hooker (since 23 June 2010)
chancery:1627 New Hampshire Avenue NW, Washington, DC 20009
telephone:[1] (202) 939-6570, 6573
FAX:[1] (202) 939-6545
consulate(s) general:Houston, Los Angeles, Miami, New York, San Francisco


Diplomatic representation from the US:
chief of mission:Ambassador Phyllis M. POWERS (since 24 April 2012)
embassy:Kilometer 5.5 Carretera Sur, Managua
mailing address:American Embassy Managua, APO AA 34021
telephone:[505] 2252-7100, 2252-7888; 2252-7634 (after hours)
FAX:[505] 2252-7250


Flag description:
three equal horizontal bands of blue (top), white, and blue with the national coat of arms centered in the white band; the coat of arms features a triangle encircled by the words REPUBLICA DE NICARAGUA on the top and AMERICA CENTRAL on the bottom; the banner is based on the former blue-white-blue flag of the Federal Republic of Central America; the blue bands symbolize the Pacific Ocean and the Caribbean Sea, while the white band represents the land between the two bodies of water


National symbol(s):
turquoise-browed motmot (bird)


National anthem:
name:'Salve a ti, Nicaragua' (Hail to Thee, Nicaragua)

lyrics/music:Salomon Ibarra MAYORGA/traditional, arranged by Luis Abraham DELGADILLO
note:although only officially adopted in 1971, the music was approved in 1918 and the lyrics in 1939; the tune, originally from Spain, was used as an anthem for Nicaragua from the 1830's until 1876


Economy


Economy - overview:
Nicaragua, the poorest country in Central America and the second poorest in the Western Hemisphere, has widespread underemployment and poverty. The Dominican Republic-Central America-United States Free Trade Agreement (CAFTA-DR) has been in effect since April 2006 and has expanded export opportunities for many agricultural and manufactured goods. Textiles and agriculture combined account for nearly 50% of Nicaragua's exports. In 2013, the government granted a 100-year concession to a newly formed Chinese-run company to finance and build an inter-oceanic canal and related projects, at an estimated cost of $40 billion. The economy grew 4.6% in 2013, despite a 33% decline in coffee export revenues due to a coffee rust fungus.


GDP (purchasing power parity):
$27.97 billion (2013 est.)
country comparison to the world: 119
$26.74 billion (2012 est.)
$25.42 billion (2011 est.)
note:data are in 2013 US dollars


GDP (official exchange rate):
$11.26 billion (2013 est.)


GDP - real growth rate:
4.6% (2013 est.)
country comparison to the world: 66
5.2% (2012 est.)
5.4% (2011 est.)


GDP - per capita (PPP):
$4,500 (2013 est.)
country comparison to the world: 166
$4,400 (2012 est.)
$4,200 (2011 est.)
note:data are in 2013 US dollars


GDP - composition, by end use:
household consumption:86.1%
government consumption:10.3%
investment in fixed capital:34.4%
exports of goods and services:38.6%
imports of goods and services:-69.5%
(2013 est.)


GDP - composition, by sector of origin:
agriculture:17.1%
industry:25.5%
services:57.5% (2013 est.)


Agriculture - products:
coffee, bananas, sugarcane, rice, corn, tobacco, sesame, soya, beans; beef, veal, pork, poultry, dairy products; shrimp, lobsters, cotton


Industries:
food processing, chemicals, machinery and metal products, knit and woven apparel, petroleum refining and distribution, beverages, footwear, wood, electric wire harness manufacturing, mining


Industrial production growth rate:
3% (2013 est.)
country comparison to the world: 107

Labor force:
3.039 million (2013 est.)
country comparison to the world: 103


Labor force - by occupation:
agriculture:31%
industry:18%
services:50% (2011 est.)


Unemployment rate:
7.2% (2013 est.)
country comparison to the world: 77
5.9% (2012 est.)
note:underemployment was 46.5% in 2008


Population below poverty line:
42.5% (2009)


Household income or consumption by percentage share:
lowest 10%:1.4%
highest 10%:41.8% (2005)


Distribution of family income - Gini index:
40.5 (2010)
country comparison to the world: 56
60.3 (1998)


    Budget:
revenues:$1.776 billion
expenditures:$1.656 billion (2013 est.)


Taxes and other revenues:
25.6% of GDP (2013 est.)
country comparison to the world: 120

Budget surplus (+) or deficit (-):
-0.3% of GDP (2013 est.)
country comparison to the world: 51


Public debt:
50.4% of GDP (2013 est.)
country comparison to the world: 66
51.5% of GDP (2012 est.)
note:official data; data cover general Government Debt, and includes debt instruments issued (or owned) by Government entities other than the treasury; the data include treasury debt held by foreign entities, as well as intra-governmental debt; intra-governmental debt consists of treasury borrowings from surpluses in the social funds, such as retirement, medical care, and unemployment, debt instruments for the social funds are not sold at public auctions; Nicaragua rebased its GDP figures in 2012, which reduced the figures for debt as a percentage of GDP


Fiscal year:
calendar year


Inflation rate (consumer prices):
5.7% (2013 est.)
country comparison to the world: 166
6.6% (2012 est.)


Central bank discount rate:
3% (31 December 2010 est.)


Commercial bank prime lending rate:
12% (31 December 2013 est.)
NA% (31 December 2012 est.)


Stock of narrow money:
$961 million (31 December 2013 est.)
country comparison to the world: 151
$897.5 million (31 December 2012 est.)


Stock of broad money:
$4.453 billion (31 December 2013 est.)
country comparison to the world: 132
$4.136 billion (31 December 2012 est.)


Stock of domestic credit:
$4.268 billion (31 December 2013 est.)
country comparison to the world: 118
$4.567 billion (31 December 2012 est.)


Market value of publicly traded shares:
$NA


Current account balance:
-$1.578 billion (2013 est.)
country comparison to the world: 133
-$1.362 billion (2012 est.)


Exports:
$2.401 billion (2013 est.)
country comparison to the world: 138
$4.581 billion (2012 est.)


Exports - commodities:
coffee, beef, gold, sugar, peanuts, shrimp and lobster, tobacco, cigars, automobile wiring harnesses, textiles, apparel, cotton


Exports - partners:
United States 25.2%, Venezuela 16%, Canada 13.1%, El Salvador 8.9%, Costa Rica 5% (2013 est.)


Imports:
$5.65 billion (2013 est.)
country comparison to the world: 122
$5.851 billion (2012 est.)


Imports - commodities:
consumer goods, machinery and equipment, raw materials, petroleum products


Imports - partners:
Venezuela 18.8% (2013 est.)


Reserves of foreign exchange and gold:
$1.993 billion (31 December 2013 est.)
country comparison to the world: 122
$1.887 billion (31 December 2012 est.)


Debt - external:
$4.532 billion (31 December 2013 est.)
country comparison to the world: 123
$4.289 billion (31 December 2012 est.)


Exchange rates:
cordobas (NIO) per US dollar -
24.77 (2013 est.)
23.547 (2012 est.)
21.356 (2010 est.)
20.34 (2009)
19.374 (2008)


Energy


Electricity - production:
4.159 billion kWh (2013 est.)
country comparison to the world: 123


Electricity - consumption:
2.941 billion kWh (2011 est.)
country comparison to the world: 132


Electricity - exports:
43 million kWh (2010 est.)
country comparison to the world: 83


Electricity - imports:
10 million kWh (2010 est.)
country comparison to the world: 107


Electricity - installed generating capacity:
1.275 million kW (2013 est.)
country comparison to the world: 120


Electricity - from fossil fuels:
57.6% of total installed capacity (2013 est.)
country comparison to the world: 136


Electricity - from nuclear fuels:
0% of total installed capacity (2013 est.)
country comparison to the world: 156


Electricity - from hydroelectric plants:
8.3% of total installed capacity (2013 est.)
country comparison to the world: 117


Electricity - from other renewable sources:
34.1% of total installed capacity (2013 est.)
country comparison to the world: 4


Crude oil - production:
0 bbl/day (2013 est.)
country comparison to the world: 205


Crude oil - exports:
0 bbl/day (2011 est.)
country comparison to the world: 165


Crude oil - imports:
12,910 bbl/day (2013 est.)
country comparison to the world: 74


    Crude oil - proved reserves:
0 bbl (1 January 2013 est.)
country comparison to the world: 174


Refined petroleum products - production:
15,870 bbl/day (2010 est.)
country comparison to the world: 98


Refined petroleum products - consumption:
30,690 bbl/day (2011 est.)
country comparison to the world: 113


Refined petroleum products - exports:
1,000 bbl/day (2011 est.)
country comparison to the world: 106


Refined petroleum products - imports:
15,830 bbl/day (2011 est.)
country comparison to the world: 118


Natural gas - production:
0 cu m (2013 est.)
country comparison to the world: 178


Natural gas - consumption:
0 cu m (2012 est.)
country comparison to the world: 183


Natural gas - exports:
0 cu m (2012 est.)
country comparison to the world: 160


Natural gas - imports:
0 cu m (2012 est.)
country comparison to the world: 110


Natural gas - proved reserves:
0 cu m (1 January 2013 est.)
country comparison to the world: 181


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



Communications


Telephones - main lines in use:
320,000 (2012)
country comparison to the world: 112


Telephones - mobile cellular:
5.346 million (2012)
country comparison to the world: 108


Telephone system:
general assessment:system being upgraded by foreign investment; nearly all installed telecommunications capacity now uses digital technology, owing to investments since privatization of the formerly state-owned telecommunications company
domestic:since privatization, access to fixed-line and mobile-cellular services has improved; fixed-line teledensity roughly 5 per 100 persons; mobile-cellular telephone subscribership has increased to roughly 85 per 100 persons
international:country code - 505; the Americas Region Caribbean Ring System (ARCOS-1) fiber optic submarine cable provides connectivity to South and Central America, parts of the Caribbean, and the US; satellite earth stations - 1 Intersputnik (Atlantic Ocean region) and 1 Intelsat (Atlantic Ocean) (2011)



    Broadcast media:
multiple privately owned terrestrial TV networks, supplemented by cable TV in most urban areas; of more than 100 radio stations, nearly all are privately owned; Radio Nicaragua is government-owned and Radio Sandino is controlled by the Sandinista National Liberation Front (FSLN) (2007)


Internet country code:
.ni


Internet hosts:
296,068 (2012)
country comparison to the world: 63


Internet users:
199,800 (2009)
country comparison to the world: 141



Transportation


Airports
147 (2013)
country comparison to the world: 40


Airports - with paved runways
total:12
2,438 to 3,047 m:3
1,524 to 2,437 m:2
914 to 1,523 m:3
under 914 m:4 (2013)


Airports - with unpaved runways
total:135
1,524 to 2,437 m:1
914 to 1,523 m:15
under 914 m:
119 (2013)


    Pipelines
oil 54 km (2013)


Roadways
total:23,897 kmcountry comparison to the world: 101
paved:3,282 km
unpaved:20,615 km (2012)


Waterways
2,220 km (navigable waterways as well as the use of the large Lake Managua and Lake Nicaragua; rivers serve only the sparsely populated eastern part of the country) (2011)
country comparison to the world: 40


Ports and terminals
major seaport(s):Bluefields, Corinto


Military


Military branches
National Army of Nicaragua (Ejercito Nacional de Nicaragua, ENN; includes Navy, Air Force) (2013)


Military service age and obligation
18-30 years of age for voluntary military service; no conscription; tour of duty 18-36 months; requires Nicaraguan nationality and 6th-grade education (2012)


Manpower available for military service
males age 16-49:1,452,107
females age 16-49:1,552,698 (2010 est.)


Manpower fit for military service
males age 16-49:1,227,757
females age 16-49:1,335,653 (2010 est.)


    Manpower reaching militarily significant age annually
male:69,093
female:67,522 (2010 est.)


Military expenditures
0.63% of GDP (2012)
country comparison to the world: 120
0.53% of GDP (2011)
0.63% of GDP (2010)


Transnational Issues


Disputes - international
the 1992 (International Court of Justice) ICJ ruling for El Salvador and Honduras advised a tripartite resolution to establish a maritime boundary in the Gulf of Fonseca, which considers Honduran access to the Pacific; Nicaragua and Costa Rica regularly file border dispute cases over the delimitations of the San Juan River and the northern tip of Calero Island to the ICJ; in 2009, the ICJ ruled that Costa Rican vessels carrying out police activities could not use the river, but official Costa Rican vessels providing essential services to riverside inhabitants and Costa Rican tourists could travel freely on the river; in 2011, the ICJ provisionally ruled that both countries must remove personnel from the disputed area; in 2013, the ICJ rejected Nicaragua's 2012 suit to halt Costa Rica's construction of a highway paralleling the river on the grounds of irreparable environmental damage; in 2013, the ICJ, regarding the disputed territory, ordered that Nicaragua should refrain from dredging or canal construction and refill and repair damage caused by trenches connecting the river to the Caribbean and upheld its 2010 ruling that Nicaragua must remove all personnel; in early 2014, Costa Rica brought Nicaragua to the ICJ over offshore oil concessions in the disputed region


    Illicit drugs
transshipment point for cocaine destined for the US and transshipment point for arms-for-drugs dealing

Information provided by CIA - The World Fact Book



Doing Business in Nicaragua 2017


           
 

 
Nicaragua

  Ease of Doing Business Rank
Overall DTF
127
55.75
 
 
Starting a Business (rank)
128
 
 
Protecting Minority Investors (rank)
145
 
  DTF
81.00
 
  DTF
40.00
 
  Procedures - Men (number)
6.0
 
  Strength of minority investor protection index (0-10)
4.0
 
  Time - Men (number)
13.0
 
  Extent of conflict of interest regulation index (0-10)
4.0
 
  Cost - Men (days)
68.0
 
  Extent of disclosure index (0-10)
1.0
 
  Procedures - Women (days)
6.0
 
  Extent of director liability index (0-10)
5.0
 
  Time - Women (% of income per capita)
13.0
 
  Ease of shareholder suits index (0-10)
6.0
 
  Cost - Women (% of income per capita)
68.0
 
  Extent of shareholder governance index (0-10)
4.0
 
  Paid-in min. capital (% of income per capita)
0.0
 
  Extent of shareholder rights index (0-10)
6.0
 
 

 
  Extent of ownership and control index (0-10)
2.0
 
  Dealing with Construction Permits (rank)
168
 
  Extent of corporate transparency index (0-10)
4.0
 
  DTF
52.97
 
 

 
  Procedures (number)
16.0
 
  Paying Taxes (rank)
176
 
  Time (days)
207.0
 
  DTF
43.29
 
  Cost (% of warehouse value)
3.1
 
  Payments (number per year)
42.0
 
  Building Quality Control Index(0-15)
3.5
 
  Time (hours per year)
201.0
 
  Quality of building regulations index (0-2)
2.0
 
  Total tax rate (% of profit)
60.8
 
  Quality control before construction index (0-1)
1.0
 
  Profit tax (% of profit)
17.6
 
  Quality control during construction index (0-3)
0.0
 
  Labor tax and contributions (% of profit)
22.6
 
  Quality control after construction index (0-3)
0.0
 
  Other taxes (% of profit)
20.6
 
  Liability and insurance regimes index (0-2)
0.5
 
  Postfiling index (0-100)
13.6
 
  Professional certifications index (0-4)
0.0
 
 
 
 
   
 
 
  Trading Across Borders (rank)
73
 
  Getting Electricity (rank)
99
 
  DTF
78.99
 
  DTF
68.19
 
  Time to export: Border compliance (hours)
60
 
  Procedures (number)
6.0
 
  Cost to export: Border compliance (USD)
150
 
  Time (days)
55.0
 
  Time to export: Documentary compliance (hours)
48
 
  Cost (% of income per capita)
904.2
 
  Cost to export: Documentary compliance (hours) (USD)
47
 
  Reliability of supply and transparency of tariff index (0-8)
4.0
 
  Time to import: Border compliance (hours)
72
 
  Total duration and frequency of outages per customer a year (0-3)
0.0
 
  Cost to import: Border compliance (USD)
400
 
  Mechanisms for monitoring outages (0-1)
1.0
 
  Time to import: Documentary compliance (hours)
16
 
  Mechanisms for restoring service (0-1)
1.0
 
  Cost to import: Documentary compliance (USD)
86
 
  Regulatory monitoring (0-1)
1.0
 
   
 
 
  Financial deterrents aimed at limiting outages (0-1)
0.0
 
  Enforcing Contracts (rank)
83
 
  Communication of tariffs and tariff changes (0-1)
1.0
 
  DTF
58.58
 
  Price of electricity (US cents per kWh)
33.2
 
  Time (days)
490.0
 
   
 
 
  Cost (% of claim)
26.8
 
  Registering Property (rank)
146
 
  Quality of judicial processes index (0-18)
6.5
 
  DTF
48.86
 
   
 
 
  Procedures (number)
9.0
 
  Resolving Insolvency (rank)
103
 
  Time (days)
56.0
 
  DTF
40.66
 
  Cost (% of property value)
5.0
 
  Recovery rate (cents on the dollar)
34.9
 
  Quality of the land administration index (0-30)
6.5
 
  Time (years)
2.2
 
  Reliability of infrastructure index (0-8)
0.0
 
  Cost (% of estate)
14.5
 
  Transparency of information index (0-6)
3.0
 
  Outcome (0 as piecemeal sale and 1 as going concern)
0
 
  Geographic coverage index (0-8)
0.0
 
  Strength of insolvency framework index (0-16)
7.0
 
  Land dispute resolution index (0-8)
3.5
 
  Commencement of proceedings index (0-3)
2.0
 
  Equal access to property rights index (-2-0)
0.0
 
  Management of debtor's assets index (0-6)
2.0
 
 
 
 
  Reorganization proceedings index (0-3)
0.0
 
  Getting Credit (rank)
101
 
  Creditor participation index (0-4)
3.0
 
  DTF
45.00
 
   
 
 
  Strength of legal rights index (0-12)
1.0
 
   
 
 
  Depth of credit information index (0-8)
8.0
 
 
 
 
  Credit registry coverage (% of adults)
17.9
 
   
 
 
  Credit bureau coverage (% of adults)
53.9
 
 
 
 
 

 
   
 
 
 
 
 
 



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