2016年-世界发展银行全球_Doing_Business_Economy_Profile_2017___Djibouti_105页_1mb

Doing Business 2017: Summary of Djibouti's Business Environment

Core Content Overview

The Doing Business 2017 report by the World Bank provides a comprehensive assessment of the regulatory environment for small to medium-sized businesses in Djibouti, comparing it with other economies and analyzing the ease of doing business across 11 key areas. It does not include labor market regulation in the aggregate ranking but presents the data in the economy profile. The report highlights the number of procedures, time, and cost required to conduct business activities, and it introduces a gender dimension in some indicators.

Main Topics and Indicators

The report covers the following business-related indicators:

• 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
• Labor Market Regulation

Key Findings

Ease of Doing Business Ranking

• Djibouti DB2017 Rank: 171
• Djibouti DB2016 Rank: 168
• Change in Rank: -3
• Djibouti DTF Score (2017): 44.5
• Djibouti DTF Score (2016): 44.42
• Change in DTF: +0.08

Djibouti has slightly improved its ranking and distance to frontier score compared to 2016, indicating a marginal improvement in the regulatory environment.

Starting a Business

• Djibouti Rank (2017): 172
• Djibouti Rank (2016): 171
• Djibouti DTF Score (2017): 66.91
• Djibouti DTF Score (2016): 66.45
• Best Performer (2017): New Zealand (Rank 1, DTF Score 99.96)

Djibouti maintains a similar number of procedures and time for both men and women, but the cost remains high at 167.0% of income per capita.

Dealing with Construction Permits

• Djibouti Rank (2017): 120
• Djibouti Rank (2016): 118
• Djibouti DTF Score (2017): 64.87
• Djibouti DTF Score (2016): 64.66
• Best Performer (2017): New Zealand (Rank 1, DTF Score 87.40)

Djibouti has 17 procedures and takes 111 days to process construction permits. The cost is 6.9% of warehouse value, which is relatively high compared to comparator economies like Oman and the United Arab Emirates.

Getting Electricity

• Djibouti Rank (2017): 172
• Djibouti Rank (2016): 171
• Djibouti DTF Score (2017): 39.49
• Djibouti DTF Score (2016): 38.90
• Best Performer (2017): Korea, Rep. (Rank 1, DTF Score 99.88)

Djibouti has 4 procedures and takes 125 days to get electricity. The cost is 6386.8% of income per capita, significantly higher than many comparator economies. The reliability of supply and transparency of tariff index is 0.0, indicating poor performance.

Registering Property

• Djibouti Rank (2017): 168
• Djibouti Rank (2016): 166
• Djibouti DTF Score (2017): 41.34
• Djibouti DTF Score (2016): 41.30
• Best Performer (2017): New Zealand (Rank 1, DTF Score 94.46)

Djibouti requires 6 procedures and takes 39 days to register property. The cost is 12.7% of property value, which is high. The quality of land administration index is 3.0, indicating a need for improvement.

Getting Credit

• Djibouti Rank (2017): 181
• Djibouti Rank (2016): 181
• Djibouti DTF Score (2017): 5.00
• Djibouti DTF Score (2016): 5.00
• Best Performer (2017): New Zealand (Rank 1, DTF Score 100.00)

Djibouti has a very low credit information depth index and no credit bureau coverage. The cost of getting credit is 37.6% of profit, which is much higher than comparator economies like the United Arab Emirates.

Protecting Minority Investors

• Djibouti Rank (2017): 178
• Djibouti Rank (2016): 180
• Djibouti DTF Score (2017): 30.00
• Djibouti DTF Score (2016): 30.00
• Best Performer (2017): New Zealand (Rank 1, DTF Score 83.33)

Djibouti has a low score in minority investor protection, with only 3.0 out of 10 on the strength of minority investor protection index. The extent of conflict of interest regulation is 2.3 out of 10.

Paying Taxes

• Djibouti Rank (2017): 106
• Djibouti Rank (2016): 103
• Djibouti DTF Score (2017): 68.96
• Djibouti DTF Score (2016): 68.96
• Best Performer (2017): United Arab Emirates (Rank 1, DTF Score 99.44)

Djibouti has 36 payments per year and takes 82 hours to complete tax obligations. The total tax rate is 37.6% of profit, which is high compared to comparator economies like Egypt and Oman.

Trading across Borders

• Djibouti Rank (2017): 155
• Djibouti Rank (2016): 155
• Djibouti DTF Score (2017): 51.87
• Djibouti DTF Score (2016): 51.87
• Best Performer (2017): 10 Economies (Rank 1, DTF Score 100.00)

Djibouti has high costs and long times for both import and export. The cost to export is $944, and the time to export is 109 hours for border compliance. For documentary compliance, the cost is $95 and the time is 72 hours.

Enforcing Contracts

• Djibouti Rank (2017): 184
• Djibouti Rank (2016): 184
• Djibouti DTF Score (2017): 28.39
• Djibouti DTF Score (2016): 28.39
• Best Performer (2017): Korea, Rep. (Rank 1, DTF Score 84.15)

Djibouti takes 1225 days to enforce contracts and incurs a cost of 34.0% of claims. The quality of judicial processes index is 2.5 out of 18, indicating poor performance.

Resolving Insolvency

• Djibouti Rank (2017): 71
• Djibouti Rank (2016): 67
• Djibouti DTF Score (2017): 48.20
• Djibouti DTF Score (2016): 48.65
• Best Performer (2017): Finland (Rank 1, DTF Score 93.89)

Djibouti takes 2.3 years to resolve insolvency and has a recovery rate of 37.3 cents on the dollar. The strength of the insolvency framework is 9.0 out of 16.

Key Changes in 2017

• New Gender Component: The report now includes a gender dimension in four indicators: starting a business, registering property, enforcing contracts, and labor market regulation.
• Expanded Data Coverage: For the first time, data on Somalia were included, bringing the total number of economies covered to 190.
• Postfiling Processes: The "Paying taxes" indicator now includes postfiling processes such as tax refunds, audits, and appeals.

Methodology and Limitations

• The report measures the ease of doing business for a local limited liability company in the largest business city.
• It does not cover all aspects of a business environment, such as proximity to large markets, infrastructure quality (except for electricity and trade), or macroeconomic conditions.
• The data are based on a standardized methodology, allowing for valid comparisons across economies.

Conclusion

Djibouti's business environment remains challenging, with relatively high costs, long procedures, and slow processing times across most indicators. While there is a slight improvement in the ease of doing business ranking and distance to frontier score, the country still lags behind many comparator economies. The introduction of gender-based data and expanded coverage of Somalia in the report adds new dimensions to the analysis, helping to identify specific areas where reforms can improve the business climate for all entrepreneurs.