2016年-世界发展银行全球_Doing_Business_Economy_Profile_2017___Equatorial_Guinea_104页_1mb

Doing Business 2017: Summary for Equatorial Guinea

Core Content

The Doing Business 2017 report evaluates the regulatory environment for businesses across 190 economies, focusing on 11 key areas that impact the ease of doing business. The report measures and tracks changes in regulations affecting these areas, 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 introduces new dimensions such as gender-specific processes and a pilot indicator on selling to the government. It also includes a distance to frontier (DTF) score and an ease of doing business ranking to assess regulatory performance.

Key Indicators and Performance

Ease of Doing Business Ranking and DTF Score

• DB2017 Rank: 178
• DB2016 Rank: 175 (adjusted for methodology and data revisions)
• Change in Rank: -3
• DB2017 DTF: 39.83
• DB2016 DTF: 41.36
• Change in DTF: -1.53

The DTF score indicates how far an economy is from the best practices in each indicator, with 100 representing the frontier. Equatorial Guinea's DTF score has decreased slightly, suggesting some regression in regulatory performance.

Starting a Business

• Rank: 187 (DB2017), 188 (DB2016)
• DTF Score: 36.90 (DB2017), 36.59 (DB2016)
• Procedures (Men): 17
• Time (Men): 134 days
• Cost (Men): 102.7% of income per capita
• Procedures (Women): 17
• Time (Women): 134 days
• Cost (Women): 102.7% of income per capita

Equatorial Guinea performs poorly in this area, with high time and cost requirements compared to comparator economies. The number of procedures for men and women remains the same, but the time and cost are still significantly higher than in better-performing economies.

Dealing with Construction Permits

• Rank: 160 (DB2017), 157 (DB2016)
• DTF Score: 54.97 (DB2017), 55.06 (DB2016)
• Procedures: 13
• Time: 144 days
• Cost: 4.2% of warehouse value

Equatorial Guinea has a high time requirement for construction permits, with a cost that is relatively low compared to some comparator economies but still far from the best performers like New Zealand.

Getting Electricity

• Rank: 143 (DB2017), 137 (DB2016)
• DTF Score: 53.75 (DB2017), 55.20 (DB2016)
• Procedures: 5
• Time: 106 days
• Cost: 1085.4% of income per capita
• Reliability of Supply and Transparency of Tariff Index: 0.0

Equatorial Guinea has a moderate number of procedures but extremely high costs for getting electricity. The reliability of supply and transparency of tariff index remains at 0.0, indicating poor performance.

Registering Property

• Rank: 160 (DB2017), 158 (DB2016)
• DTF Score: 44.45 (DB2017), 44.45 (DB2016)
• Procedures: 6
• Time: 23 days
• Cost: 12.5% of property value
• Land Administration Index: 4.0

Equatorial Guinea has a low number of procedures and a moderate time requirement for property registration, but the cost is still relatively high. The land administration index is low, indicating weak regulatory practices.

Getting Credit

• Rank: 118 (DB2017), 109 (DB2016)
• DTF Score: 40.00 (DB2017), 40.00 (DB2016)
• Strength of Legal Rights Index: 6.0
• Depth of Credit Information Index: 2.0
• Credit Registry Coverage: 9.0% of adults
• Credit Bureau Coverage: 0.0% of adults

Equatorial Guinea faces significant challenges in credit accessibility. The strength of legal rights and depth of credit information are low, and credit bureau coverage is nonexistent.

Protecting Minority Investors

• Rank: 137 (DB2017), 136 (DB2016)
• DTF Score: 41.67 (DB2017), 41.67 (DB2016)
• Minority Investor Protection Index: 4.2
• Conflict of Interest Regulation Index: 4.7

Equatorial Guinea has a moderate level of protection for minority investors, but the index is still far below the global best performers like New Zealand.

Paying Taxes

• Rank: 179 (DB2017), 156 (DB2016)
• DTF Score: 39.25 (DB2017), 53.39 (DB2016)
• Number of Payments: 46
• Time (hours): 492
• Total Tax Rate: 79.4% of profit
• Postfiling Index: 84.0

Equatorial Guinea has a high number of tax payments and time requirements, with a relatively high total tax rate. The postfiling index is moderate but still far from the best performers.

Trading Across Borders

• Rank: 174 (DB2017), 174 (DB2016)
• DTF Score: 32.05 (DB2017), 32.05 (DB2016)
• Time to Export (Border Compliance): 132 hours
• Cost to Export (Border Compliance): $760
• Time to Export (Documentary Compliance): 154 hours
• Cost to Export (Documentary Compliance): $85
• Time to Import (Border Compliance): 240 hours
• Cost to Import (Border Compliance): $985
• Time to Import (Documentary Compliance): 240 hours
• Cost to Import (Documentary Compliance): $70

Equatorial Guinea has high time and cost requirements for both exporting and importing, indicating a challenging environment for cross-border trade.

Enforcing Contracts

• Rank: 103 (DB2017), 101 (DB2016)
• DTF Score: 55.25 (DB2017), 55.25 (DB2016)
• Time: 475 days
• Cost: 19.5% of claim
• Judicial Processes Index: 3.0

The enforcement of contracts is a weak point, with high time and cost requirements. The judicial processes index is low, indicating inefficiencies in the legal system.

Resolving Insolvency

• Rank: 169 (DB2017), 169 (DB2016)
• DTF Score: 0.00 (DB2017), 0.00 (DB2016)
• Recovery Rate: 0.0 cents on the dollar
• Time: No practice

Equatorial Guinea has a very poor performance in resolving insolvency, with no effective procedures in place and a zero recovery rate.

Main Points and Conclusions

• The report highlights that Equatorial Guinea's regulatory environment is significantly less efficient than that of other economies, especially in areas such as starting a business, getting electricity, and resolving insolvency.
• The introduction of gender-specific indicators in 2017 reveals that the processes for women are similar to those for men, but there is potential for improvement in terms of equal opportunity.
• The DTF score provides a more comprehensive view of regulatory performance over time, as it measures the absolute distance to the best practices, unlike the ranking which is relative.
• Equatorial Guinea's performance in most indicators is worse than comparator economies in the region, such as Cameroon and Gabon.
• The report underscores the importance of regulatory reforms in improving the business environment and attracting investment.

Key Takeaways

• Equatorial Guinea has a high cost and time burden for starting a business, getting electricity, and paying taxes.
• Weak judicial processes and low credit accessibility are major challenges.
• Poor insolvency resolution is a critical issue, with no effective procedures in place.
• The distance to frontier indicates that Equatorial Guinea has a long way to go to reach best practices.
• The gender component shows that the business environment is not fully inclusive for women.
• Comparative analysis with other economies helps identify areas for improvement.