The Little Data Book on Private Sector Development 2008 Summary
Core Content Overview
This document provides a comprehensive overview of private sector development across various regions and income groups, focusing on economic and social context, business environment, private sector investment, finance and banking, and infrastructure. It is a publication by the World Bank Group, highlighting data from 2000 and 2006, with some indicators updated to the most recent year.
Main Regions and Countries Covered
East Asia and Pacific
- Countries: American Samoa, Cambodia, China, Fiji, Indonesia, Kiribati, Democratic Republic of Korea, Lao People's Democratic Republic, Malaysia, Marshall Islands, Federated States of Micronesia, Mongolia, Myanmar, Northern Mariana Islands, Palau, Papua New Guinea, Philippines, Samoa, Solomon Islands, Thailand, Timor-Leste, Tonga, Vanuatu, Vietnam
Europe and Central Asia
- Countries: Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, Georgia, Hungary, Kazakhstan, Kyrgyz Republic, Latvia, Lithuania, Former Yugoslav Republic of Macedonia, Moldova, Montenegro, Poland, Romania, Russian Federation, Serbia, Slovak Republic, Tajikistan, Turkey, Turkmenistan, Ukraine, Uzbekistan
Latin America and the Caribbean
- Countries: Argentina, Belize, Bolivia, Brazil, Chile, Colombia, Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Uruguay, Bolivarian Republic of Venezuela
Middle East and North Africa
- Countries: Algeria, Djibouti, Arab Republic of Egypt, Islamic Republic of Iran, Iraq, Jordan, Lebanon, Libya, Morocco, Oman, Syrian Arab Republic, Tunisia, West Bank and Gaza, Republic of Yemen
South Asia
- Countries: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, Sri Lanka
Sub-Saharan Africa
- Countries: Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Democratic Republic of the Congo, Republic of Congo, Côte d'Ivoire, Equatorial Guinea, Eritrea, Ethiopia, Gabon, The Gambia, Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar, Malawi, Mali, Mauritania, Mauritius, Mayotte, Mozambique, Namibia, Niger, Nigeria, Rwanda, São Tomé and Principe, Senegal, Seychelles, Sierra Leone, Somalia, South Africa, Sudan, Swaziland, Tanzania, Togo, Uganda, Zambia, Zimbabwe
Key Indicators and Trends
Economic and Social Context
| Indicator |
2000 |
2006 |
| Population (millions) |
6,076.7 |
6,538.1 |
| Labor force (millions) |
2,801.1 |
3,081.8 |
| Unemployment rate (%) |
5.4 |
6.7 |
| GNI per capita ($) |
5,252 |
7,448 |
| GDP growth (%) |
3.2 |
3.0 |
| Agriculture value added (%) |
3.7 |
3.2 |
| Industry value added (%) |
29.2 |
27.9 |
| Manufacturing value added (%) |
19.3 |
17.7 |
| Services value added (%) |
67.1 |
69.0 |
| Exports of goods and services (%) |
24.6 |
27.1 |
| Imports of goods and services (%) |
24.7 |
27.3 |
Business Environment
| Indicator |
2000 |
2006 |
| Ease of doing business (Ranking 1-178) |
.. |
44 |
| Procedures to start a business |
.. |
9 |
| Firing cost (weeks of wages) |
.. |
48.3 |
| Closing a business (years) |
.. |
3.0 |
| Total tax rate (%) |
.. |
50.7 |
| Business entry rate (%) |
7.9 |
8.6 |
Private Sector Investment
| Indicator |
2000 |
2006 |
| Invest. in infrastructure with private participation ($ millions) |
93,044 |
114,658 |
| Private foreign direct investment, net (%) |
4.9 |
2.8 |
| Gross fixed capital formation (%) |
21.6 |
21.2 |
| Gross fixed private capital formation (%) |
.. |
.. |
Finance and Banking
| Indicator |
2000 |
2006 |
| Government cash surplus/deficit (%) |
-0.1 |
-1.2 |
| Deposit money banks' assets (%) |
99.2 |
90.9 |
| Total financial system deposits (%) |
92.9 |
84.9 |
| Bank capital to asset ratio (%) |
8.7 |
8.9 |
| Bank nonperforming loans to total gross loans ratio (%) |
9.5 |
3.0 |
| Domestic credit to the private sector (%) |
131.1 |
136.7 |
| Interest rate spread (percentage points) |
7.4 |
6.6 |
Infrastructure
| Indicator |
2000 |
2006 |
| Paved roads (%) |
35.9 |
.. |
| Electric power consumption (kWh per capita) |
2,389 |
2,678 |
| Fixed line and mobile subscribers (per 100 people) |
28 |
59 |
| Internet users (per 100 people) |
6.5 |
21.4 |
| Cost of telephone call to U.S. ($) |
3.01 |
1.42 |
Key Findings
- Growth and Development: The region experienced steady growth in GDP, with an average annual rate of 3.2% in 2000 and 3.0% in 2006. GNI per capita increased from $5,252 to $7,448, indicating economic progress.
- Sector Contributions: Services contributed the largest share to GDP, increasing from 67.1% to 69.0%. Manufacturing and industry also showed some decline in their contribution to GDP, while agriculture remained relatively stable.
- Business Environment: The ease of doing business improved, as the ranking for starting a business decreased from 44 to 33 in some regions. Firing costs and the time to close a business also showed improvement.
- Taxation: Total tax rates increased in some areas, with a notable rise in the total tax rate from 50.7% to 51.4% in certain countries.
- Private Investment: There was an increase in private investment in infrastructure, from $93,044 million to $114,658 million. The net private foreign direct investment decreased slightly.
- Financial Systems: The financial system showed improvements in some areas, such as a decrease in the ratio of nonperforming loans and an increase in domestic credit to the private sector.
- Infrastructure Development: There was significant progress in internet penetration and fixed line/mobility subscribers, with a marked increase in internet users from 6.5 to 21.4 per 100 people.
Conclusion
The document serves as a valuable resource for understanding the dynamics of private sector development across different regions and income groups. It highlights the importance of a conducive business environment, effective financial systems, and infrastructure investment in fostering economic growth and development. The data from 2000 to 2006 reveal both progress and challenges, providing insights for policymakers and researchers.
