2014年-世界发展银行全球_Doing_Business_Economy_Profile_2015___Guyana_87页_1mb

Summary of Doing Business 2015: Guyana

Core Content

The Doing Business 2015 report evaluates the regulatory environment for small and medium-sized businesses across 189 economies, including Guyana. It provides a comprehensive analysis of business regulations and their impact on economic performance. The report focuses on 11 key areas of business regulation, 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, resolving insolvency, and labor market regulation.

Key Indicators and Performance

Ease of Doing Business Ranking

• Guyana's 2015 Rank: 123
• Guyana's 2014 Rank: 121
• Change in Rank: -2 (a slight improvement)
• Guyana's DTF Score (2015): 57.8
• Guyana's DTF Score (2014): 57.8
• Change in DTF Score: 0 (no change)

Comparative Performance

• Comparator Economies: Dominican Republic, Haiti, Jamaica, Puerto Rico (U.S.), Suriname, Venezuela
• Best Performer Globally (2015): New Zealand (rank 1) for starting a business and protecting minority investors, Singapore (rank 1) for trading across borders and enforcing contracts, and Korea, Rep. (rank 1) for getting electricity.

Main Topics and Findings

1. Starting a Business

• Rank (2015): 99
• DTF Score (2015): 83.62
• Procedures: 8
• Time (days): 19
• Cost (% of income per capita): 11.5
• Best Performer: New Zealand (rank 1, DTF score 99.96)

2. Dealing with Construction Permits

• Rank (2015): 38
• DTF Score (2015): 80.06
• Procedures: 7
• Time (days): 195
• Cost (% of warehouse value): 0.6
• Best Performer: Singapore (rank 1, DTF score 96.47)

3. Getting Electricity

• Rank (2015): 155
• DTF Score (2015): 57.21
• Procedures: 8
• Time (days): 109
• Cost (% of income per capita): 442.9
• Best Performer: Korea, Rep. (rank 1, DTF score 99.83)

4. Registering Property

• Rank (2015): 103
• DTF Score (2015): 64.08
• Procedures: 6
• Time (days): 75
• Cost (% of property value): 4.6
• Best Performer: Georgia (rank 1, DTF score 99.88)

5. Getting Credit

• Rank (2015): 165
• DTF Score (2015): 15.00
• Strength of Legal Rights Index: 3 (out of 12)
• Depth of Credit Information Index: 0 (out of 8)
• Best Performer: New Zealand (rank 1, DTF score 100)

6. Protecting Minority Investors

• Rank (2015): 135
• DTF Score (2015): 44.17
• Shareholder Governance Index: 3.5 (out of 10)
• Minority Investor Protection Index: 4.4 (out of 10)
• Best Performer: New Zealand (rank 1, DTF score 81.67)

7. Paying Taxes

• Rank (2015): 115
• DTF Score (2015): 68.69
• Number of Payments per Year: 35
• Time (hours per year): 256
• Best Performer: United Arab Emirates (rank 1, DTF score 99.44)

8. Trading Across Borders

• Rank (2015): 82
• DTF Score (2015): 74.63
• Documents to Export: 6
• Time to Export (days): 19
• Cost to Export (US$ per container): 730
• Best Performer: Singapore (rank 1, DTF score 96.47)

9. Enforcing Contracts

• Rank (2015): 71
• DTF Score (2015): 62.37
• Time (days): 581
• Cost (% of claim): 25.2
• Best Performer: Singapore (rank 1, DTF score 89.54)

10. Resolving Insolvency

• Rank (2015): 150
• DTF Score (2015): 28.50
• Time (years): 3
• Cost (% of estate): 28.5
• Recovery Rate (cents on the dollar): 18.1
• Best Performer: Finland (rank 1, DTF score 93.85)

Key Methodological Changes in Doing Business 2015

• Distance to Frontier (DTF) Score: Used as the basis for rankings, showing how far an economy is from the best performance.
• Expanded Scope: The "protecting investors" indicator was renamed to "protecting minority investors" and expanded to include corporate governance aspects.
• Methodological Updates:
  • For getting credit, the strength of legal rights index and depth of credit information index were expanded to 12 and 8 points, respectively.
  • For paying taxes, the total tax rate is now calculated nonlinearly.
  • For trading across borders, the methodology was updated to include more accurate cost and time metrics.
  • Labor Market Regulation replaced the "employing workers" indicator, focusing on the retail sector and including labor dispute and worker benefits regulations.

Conclusion

The Doing Business 2015 report highlights the challenges Guyana faces in its business environment, particularly in areas such as getting credit and protecting minority investors. While Guyana's overall ranking improved slightly, it still lags behind many comparator economies in the Latin America & Caribbean region. The DTF scores provide a clearer picture of the distance from best practices, and the report underscores the importance of regulatory reforms in improving business conditions. The methodology updates in 2015 enhance the accuracy and comprehensiveness of the data, offering more insights for policymakers.