2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Belize_101页_1mb

Doing Business 2016: Summary of Belize Economy Profile

Core Content Overview

The Doing Business 2016 report provides an analysis of regulatory quality and efficiency across 11 key areas in the business life cycle, including starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency, and labor market regulation. This report evaluates how easy or difficult it is for entrepreneurs to operate small to medium businesses in compliance with regulations. It also includes a detailed comparison with other economies in the region and globally.

Main Indicators and Performance

General Economy Profile

• Region: Latin America & Caribbean
• Income Category: Upper middle income
• Population: 339,758
• GNI per capita (US$): 4,760
• DB2016 Rank: 120
• DB2015 Rank: 118
• Change in Rank: -2
• DB2016 DTF Score: 56.83
• DB2015 DTF Score: 56.77
• Change in DTF: +0.06

Key Business Regulation Indicators

Starting a Business

• Rank: 159
• DTF Score: 72.47
• Procedures (number): 9.0
• Time (days): 43.0
• Cost (% of income per capita): 40.7
• Paid-in min. capital (% of income per capita): 0.1

Dealing with Construction Permits

• Rank: 81
• DTF Score: 69.96
• Procedures (number): 15.0
• Time (days): 109.0
• Cost (% of warehouse value): 1.9
• Building Quality Control Index (0-15): 8.0

Getting Electricity

• Rank: 73
• DTF Score: 73.01
• Procedures (number): 5.0
• Time (days): 66.0
• Cost (% of income per capita): 304.2
• Reliability of Supply and Transparency of Tariff Index (0-8): 4.0

Registering Property

• Rank: 128
• DTF Score: 52.82
• Procedures (number): 9.0
• Time (days): 60.0
• Cost (% of property value): 4.8
• Quality of Land Administration Index (0-30): 11.5

Getting Credit

• Rank: 162
• DTF Score: 20
• Strength of Legal Rights Index (0-12): 4.0
• Depth of Credit Information Index (0-8): 0.0
• Credit Bureau Coverage (% of adults): 0.0

Protecting Minority Investors

• Rank: 122
• DTF Score: 45
• Strength of Minority Investor Protection Index (0-10): 4.5
• Extent of Conflict of Interest Regulation Index (0-10): 4.3
• Extent of Shareholder Governance Index (0-10): 4.7

Paying Taxes

• Rank: 69
• DTF Score: 78.17
• Payments (number per year): 29.0
• Time (hours per year): 147.0
• Total Tax Rate (% of profit): 31.1

Trading Across Borders

• Rank: 117
• DTF Score: 61.53
• Time to Export (Border Compliance, hours): 96
• Cost to Export (Border Compliance, USD): 710
• Time to Export (Documentary Compliance, hours): 86
• Cost to Export (Documentary Compliance, USD): 125
• Time to Import (Border Compliance, hours): 48
• Cost to Import (Border Compliance, USD): 688
• Time to Import (Documentary Compliance, hours): 36
• Cost to Import (Documentary Compliance, USD): 75

Enforcing Contracts

• Rank: 133
• DTF Score: 50.11
• Time (days): 892.0
• Cost (% of claim): 27.5
• Quality of Judicial Processes Index (0-18): 8.0

Resolving Insolvency

• Rank: 81
• DTF Score: 45.21
• Recovery Rate (cents on the dollar): 55.0
• Time (years): 2.0
• Cost (% of estate): 22.5
• Outcome (0 as piecemeal sale and 1 as going concern): 1
• Strength of Insolvency Framework Index (0-16): 5.0

Key Observations

• Ease of Doing Business Rank: Belize ranks 120th out of 189 economies, a slight decline from 118th in 2015.
• Distance to Frontier (DTF) Score: Belize scores 56.83, indicating a moderate level of regulatory efficiency.
• Comparative Performance: Belize performs relatively poorly in most areas, particularly in getting credit and enforcing contracts, compared to other economies in the region and globally.
• Best Performers: New Zealand, Singapore, and the United Arab Emirates lead in several indicators, highlighting areas where Belize lags behind.
• Methodology Changes: The report introduces new indices such as the quality of building regulation, reliability of electricity supply, and quality of judicial processes, which provide a more nuanced understanding of regulatory quality and efficiency.

Summary of Key Reforms and Improvements

• Starting a Business: No significant changes in procedures, time, or cost compared to 2015.
• Dealing with Construction Permits: Minor improvements in DTF score, but no major reforms.
• Getting Electricity: Slight improvements in DTF score, but time and cost remain relatively high.
• Registering Property: Slight improvements in DTF score, but still far from best practices.
• Getting Credit: Significant challenges remain, with no credit bureau coverage.
• Protecting Minority Investors: Limited progress in improving legal protections.
• Paying Taxes: Moderate improvements in DTF score, but time and complexity remain high.
• Trading Across Borders: No major changes in procedures or time, but cost is relatively high.
• Enforcing Contracts: Still among the worst performers, with high time and cost.
• Resolving Insolvency: Moderate improvements in DTF score, but still lagging behind best practices.

Conclusion

The Doing Business 2016 report highlights that Belize faces substantial regulatory challenges in several areas, particularly in credit access, contract enforcement, and insolvency resolution. While there are some minor improvements in DTF scores, the overall regulatory environment remains inefficient and costly for businesses. Policymakers in Belize should focus on streamlining procedures, reducing time and costs, and improving transparency and legal protections to enhance the ease of doing business.