2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Guyana_102页_2mb

Doing Business 2016: Guyana Summary

Core Content

The Doing Business 2016 report provides an analysis of regulatory quality and efficiency for domestic firms across 189 economies. It evaluates 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. The report also includes a distance to frontier (DTF) score and an ease of doing business (EoDB) ranking to assess how close a country is to the best regulatory practices.

Key Indicators and Rankings for Guyana

Key Observations

• Ease of Doing Business (EoDB) Rank: Guyana ranked 137 in 2016, a 5-point drop from 2015.
• Distance to Frontier (DTF) Score: Guyana's DTF score was 51.83, a 1.21-point decrease from 2015.
• Comparative Performance: Guyana's performance is generally lower than its comparator economies in Latin America and the Caribbean, with New Zealand, Singapore, and Korea, Rep. leading in most categories.
• Regulatory Challenges: Guyana faces significant challenges in areas such as getting electricity, registering property, and enforcing contracts. The time and cost for these procedures are notably higher compared to other economies.
• Trends in Reform: While Guyana has not made substantial improvements in most areas, the report highlights the importance of data revisions and methodology changes in benchmarking the regulatory environment.

Methodology Notes

• The DTF score is used to measure the absolute distance of an economy to the best regulatory practice, while the EoDB ranking compares the relative performance across economies.
• Labor market regulation is not included in the EoDB ranking but is presented in the economy profile.
• The report includes methodological updates for several indicators, such as getting electricity, registering property, and protecting minority investors.
• Comparative advantage is used to determine the export product and partner, while import product is fixed as auto parts and import partner is based on highest trade value in that product.

Conclusion

The Doing Business 2016 report provides a comprehensive overview of the regulatory environment in Guyana. While Guyana has made some progress in certain areas, it still lags behind many of its regional comparator economies in terms of ease of doing business. The report emphasizes the importance of regulatory reforms to improve business conditions and highlights the need for better implementation of existing regulations.