2016年-世界发展银行全球_Doing_Business_Economy_Profile_2017___Liberia_105页_1mb

Doing Business 2017: Summary of Liberia

Core Content

The Doing Business 2017 report evaluates the regulatory environment for small to medium-sized businesses across 190 economies, focusing on 11 key areas. It provides a comparative analysis of business regulations and property rights protection, highlighting how easy or difficult it is for entrepreneurs to operate within the legal framework. The report also introduces a gender dimension in several indicators and expands the scope to include Somalia, making it the 190th economy covered.

Liberia's economy profile is presented as part of this report, with data for the year June 1, 2016, and comparator economies included for each indicator to facilitate analysis. The report emphasizes that while the ease of doing business ranking and distance to frontier (DTF) score are key metrics, the labor market regulation indicators are not included in the aggregate ranking.

Key Indicators and Performance

Starting a Business

• Liberia DB2017 Rank: 37
• Liberia DB2016 Rank: 33
• Liberia DTF Score: 92.49
• Liberia DTF Score (2016): 92.49
• Best performer: New Zealand (Rank 1, DTF Score 99.96)

Procedure (Men/Women): 4 procedures
Time (Men/Women): 4.5 days
Cost (Men/Women): 16.7% of income per capita

Dealing with Construction Permits

• Liberia DB2017 Rank: 175
• Liberia DB2016 Rank: 172
• Liberia DTF Score: 49.21
• Liberia DTF Score (2016): 49.64
• Best performer: New Zealand (DTF Score 87.40)

Procedures: 22 procedures
Time: 74 days
Cost: 6.9% of warehouse value
Building Quality Control Index: 2.0 (out of 15)

Getting Electricity

• Liberia DB2017 Rank: 177
• Liberia DB2016 Rank: 178
• Liberia DTF Score: 33.28
• Liberia DTF Score (2016): 33.81
• Best performer: Korea, Rep. (DTF Score 99.88)

Procedures: 4 procedures
Time: 465 days
Cost: 4066.6% of income per capita
Reliability of supply and transparency of tariff index: 0.0 (out of 8)

Registering Property

• Liberia DB2017 Rank: 179
• Liberia DB2016 Rank: 179
• Liberia DTF Score: 33.62
• Liberia DTF Score (2016): 33.66
• Best performer: New Zealand (DTF Score 94.46)

Procedures: 10 procedures
Time: 44 days
Cost: 13.0% of property value
Quality of land administration index: 5.0 (out of 30)

Getting Credit

• Liberia DB2017 Rank: 101
• Liberia DB2016 Rank: 97
• Liberia DTF Score: 45.00
• Liberia DTF Score (2016): 45.00
• Best performer: New Zealand (DTF Score 100.00)

Strength of legal rights index: 9.0 (out of 12)
Depth of credit information index: 0.0 (out of 8)
Credit registry coverage: 1.7% of adults
Credit bureau coverage: 0.0% of adults

Protecting Minority Investors

• Liberia DB2017 Rank: 179
• Liberia DB2016 Rank: 181
• Liberia DTF Score: 28.33
• Liberia DTF Score (2016): 28.33
• Best performer: New Zealand (DTF Score 83.33)

Strength of minority investor protection index: 2.8 (out of 10)
Extent of conflict of interest regulation index: 3.7 (out of 10)
Extent of shareholder governance index: 2.0 (out of 10)

Paying Taxes

• Liberia DB2017 Rank: 72
• Liberia DB2016 Rank: 69
• Liberia DTF Score: 76.07
• Liberia DTF Score (2016): 76.21
• Best performer: United Arab Emirates (DTF Score 99.44)

Number of payments per year: 33
Time (hours per year): 139.5
Total tax rate (% of profit): 45.9%
Postfiling index: 96.8 (out of 100)

Trading Across Borders

• Liberia DB2017 Rank: 185
• Liberia DB2016 Rank: 185
• Liberia DTF Score: 17.64
• Liberia DTF Score (2016): 17.75
• Best performer: 10 Economies (DTF Score 100.00)

Time to export: Border compliance (hours): 193
Cost to export: Border compliance (USD): 755
Time to export: Documentary compliance (hours): 186
Cost to export: Documentary compliance (USD): 628
Time to import: Border compliance (hours): 217
Cost to import: Border compliance (USD): 660
Time to import: Documentary compliance (hours): 192
Cost to import: Documentary compliance (USD): 528

Enforcing Contracts

• Liberia DB2017 Rank: 176
• Liberia DB2016 Rank: 175
• Liberia DTF Score: 33.92
• Liberia DTF Score (2016): 33.92
• Best performer: Korea, Rep. (DTF Score 84.15)

Time (days): 1280 days
Cost (% of claim): 35.0%
Quality of judicial processes index: 6.5 (out of 18)

Resolving Insolvency

• Liberia DB2017 Rank: 168
• Liberia DB2016 Rank: 168
• Liberia DTF Score: 4.59
• Liberia DTF Score (2016): 4.54
• Best performer: Finland (DTF Score 93.89)

Recovery rate (cents on the dollar): 8.5
Time (years): 3.0
Cost (% of estate): 42.5%
Strength of insolvency framework index: 0.0 (out of 16)

Main Points

• Ease of doing business ranking and distance to frontier (DTF) score are the primary metrics used to evaluate the business environment.
• The DTF score reflects how far an economy is from the best practices in each indicator, with a score of 100 representing the frontier.
• Liberia ranked 174 out of 190 economies in the ease of doing business ranking in 2017, with no change from 2016.
• Liberia's DTF score for 2017 was 41.41, down slightly from 41.53 in 2016.
• The report introduces a gender dimension in several indicators, measuring how business processes differ for men and women.
• New Zealand is the best performer in most indicators, especially in starting a business and registering property.
• Liberia's performance is generally poor compared to comparator economies in the region and globally, particularly in areas like getting electricity, dealing with construction permits, and resolving insolvency.

Key Insights

• Starting a business in Liberia is relatively straightforward, with 4 procedures and a time of 4.5 days for both men and women.
• Dealing with construction permits is one of the most burdensome processes, with 22 procedures and a time of 74 days.
• Getting electricity is a major challenge, with a time of 465 days and a high cost.
• Registering property is also a significant barrier, requiring 10 procedures and taking 44 days.
• Getting credit is limited, with a DTF score of 45 and a low credit bureau coverage.
• Protecting minority investors is weak, with a low DTF score and poor regulatory coverage.
• Paying taxes involves 33 payments annually, with a high cost and long time.
• Trading across borders is highly inefficient, with long times and high costs for both exports and imports.
• Enforcing contracts is slow and costly, with an average time of 1280 days.
• Resolving insolvency is very slow, with a time of 3 years and a low recovery rate.

Methodology and Limitations

• The Doing Business 2017 report uses a three-year update in methodology, including postfiling processes, gender component, and a new pilot indicator on selling to the government.
• It does not include labor market regulation in the aggregate ranking, but provides data in the economy profile.
• The report focuses on local limited liability companies in the largest business city, and the data are not comprehensive for all aspects of business, such as infrastructure quality, institutional strength, or market access.
• The DTF score allows for a comparative assessment of regulatory reforms over time, showing the absolute distance from best practices.

Conclusion

Liberia's business environment remains challenging, with a low ease of doing business ranking and DTF score. While some processes like starting a business are relatively efficient, others such as getting electricity, dealing with construction permits, and resolving insolvency are major obstacles. The inclusion of a gender dimension provides a more nuanced understanding of how regulations affect different groups, highlighting potential areas for reform. Overall, the report serves as a valuable tool for policy makers to identify regulatory bottlenecks and benchmark performance against other economies.