2016年-世界发展银行全球_Doing_Business_Economy_Profile_2017___Republica_Bolivariana_de_Venezuela_105页_1mb

Doing Business 2017: Summary of Venezuela, RB

Core Content

Doing Business 2017 is a flagship report by the World Bank Group that evaluates the regulatory environment for businesses across 190 economies. It measures and tracks changes in regulations affecting 11 key areas of 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 provides aggregate rankings and distance to frontier (DTF) scores to assess how easy it is to do business in a given economy. The DTF score measures the absolute distance to regulatory best practices on a scale from 0 to 100, where 0 is the worst performance and 100 is the frontier. The rankings, on the other hand, compare economies based on their performance relative to each other.

Key Findings for Venezuela, RB

Ease of Doing Business Ranking

• DB2017 Rank: 187
• DB2016 Rank: 185
• Change in Rank: -2
• DTF Score: 33.37 (DB2017), 36.33 (DB2016)
• Change in DTF: -2.96

Venezuela, RB ranks among the lowest in terms of ease of doing business, indicating significant regulatory challenges for entrepreneurs.

Business Life Cycle Indicators

Venezuela, RB has a high number of procedures and long timeframes for starting a business, regardless of gender. The cost is also significantly higher compared to comparator economies.

Dealing with Construction Permits

• DB2017 Rank: 137
• DB2016 Rank: 133
• DTF Score: 61.65 (DB2017), 62.12 (DB2016)
• Change in DTF: -0.47
• Procedures (number): 9
• Time (days): 434
• Cost (% of warehouse value): 1.5
• Building Quality Control Index: 10.5

Venezuela, RB has a high time and procedure count for dealing with construction permits, but its cost is relatively low compared to some comparator economies.

Getting Electricity

• DB2017 Rank: 186
• DB2016 Rank: 170
• DTF Score: 16.85 (DB2017), 39.60 (DB2016)
• Change in DTF: -22.75
• Procedures (number): 6
• Time (days): 208
• Cost (% of income per capita): 18,867.2
• Reliability of supply and transparency of tariff index: 0

Venezuela, RB has very high costs and long timeframes for getting electricity, indicating a poor regulatory environment in this area.

Registering Property

• DB2017 Rank: 129
• DB2016 Rank: 129
• DTF Score: 52.36 (DB2017), 52.67 (DB2016)
• Change in DTF: -0.31
• Procedures (number): 9
• Time (days): 52
• Cost (% of property value): 2.7
• Quality of Land Administration Index: 5.5

Venezuela, RB has moderate procedures and time, but high costs for registering property. The quality of land administration remains low.

Getting Credit

• DB2017 Rank: 118
• DB2016 Rank: 109
• DTF Score: 40.00 (DB2017), 40.00 (DB2016)
• Change in DTF: 0
• Strength of Legal Rights Index: 1
• Depth of Credit Information Index: 7
• Credit Registry Coverage (% of adults): 0
• Credit Bureau Coverage (% of adults): 27.9

Venezuela, RB has very weak legal rights and limited credit registry coverage, making it difficult for businesses to access credit.

Protecting Minority Investors

• DB2017 Rank: 175
• DB2016 Rank: 176
• DTF Score: 31.67 (DB2017), 31.67 (DB2016)
• Change in DTF: 0
• Strength of Minority Investor Protection Index: 3.2
• Extent of Conflict of Interest Regulation Index: 2.7
• Extent of Shareholder Governance Index: 3.7

Venezuela, RB has very weak protection for minority investors, with low scores in governance and conflict of interest regulation.

Paying Taxes

• DB2017 Rank: 185
• DB2016 Rank: 185
• DTF Score: 22.49 (DB2017), 22.33 (DB2016)
• Change in DTF: +0.16
• Number of Payments per Year: 70
• Time (hours per year): 792
• Total Tax Rate (% of profit): 64.7
• Postfiling Index: 48.4

Venezuela, RB has high tax burden and complex procedures, with a very high time and cost for tax compliance.

Trading Across Borders

• DB2017 Rank: 187
• DB2016 Rank: 187
• DTF Score: 7.93 (DB2017), 7.93 (DB2016)
• Change in DTF: 0
• Time to Export: Border Compliance (hours): 288
• Cost to Export: Border Compliance (USD): 1,250
• Time to Export: Documentary Compliance (hours): 528
• Cost to Export: Documentary Compliance (USD): 375
• Time to Import: Border Compliance (hours): 240
• Cost to Import: Border Compliance (USD): 1,500
• Time to Import: Documentary Compliance (hours): 1,090
• Cost to Import: Documentary Compliance (USD): 400

Venezuela, RB has very high time and cost for both exporting and importing, indicating a challenging trade environment.

Enforcing Contracts

• DB2017 Rank: 137
• DB2016 Rank: 137
• DTF Score: 48.97 (DB2017), 48.97 (DB2016)
• Change in DTF: 0
• Time (days): 610
• Cost (% of claim): 43.7
• Quality of Judicial Processes Index: 6.5

Venezuela, RB has long time and high cost for enforcing contracts, and low judicial process quality.

Resolving Insolvency

• DB2017 Rank: 165
• DB2016 Rank: 165
• DTF Score: 18.80 (DB2017), 19.05 (DB2016)
• Change in DTF: -0.25
• Recovery Rate (cents on the dollar): 5.9
• Time (years): 4.0
• Cost (% of estate): 38.0
• Strength of Insolvency Framework Index: 5.0

Venezuela, RB has high costs and long time to resolve insolvency, and weak insolvency frameworks.

Key Methodological Changes in 2017

• Expanded paying taxes indicator to include postfiling processes.
• Added a gender dimension to four indicators: starting a business, registering property, enforcing contracts, and labor market regulation.
• New pilot indicator on selling to the government.
• First-time inclusion of Somalia in the dataset.

Conclusion

The report highlights that Venezuela, RB has a highly challenging business environment across all major indicators, particularly in starting a business, getting electricity, paying taxes, and resolving insolvency. While the DTF score has slightly declined, the overall ranking remains low, indicating a regulatory environment far from best practices. The introduction of gender-based indicators adds a new dimension to understanding the business environment, revealing unequal treatment of women in key processes. The data also shows that comparative analysis with other economies in the region and globally is essential for identifying areas of improvement.