2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Estonia_103页_1mb

Doing Business 2016: Estonia Summary

Core Content Overview

The Doing Business 2016 report provides a comprehensive assessment of the regulatory environment for businesses across 189 economies, including Estonia. It evaluates and tracks changes in regulations affecting 11 key areas of the business life cycle, such as starting a business, getting credit, and resolving insolvency. The report presents data for Estonia and compares it with other selected economies, including Denmark, Finland, Latvia, Lithuania, Norway, and Poland, as well as global best performers like New Zealand, Singapore, and the United Arab Emirates.

Main Indicators and Rankings

Ease of Doing Business Ranking

• DB2016 Rank: 16
• DB2015 Rank: 16 (adjusted for data revisions and methodology changes)
• Change in Rank: 0

Distance to Frontier (DTF) Score

• DB2016 DTF: 79.49
• DB2015 DTF: 79.27
• Change in DTF: +0.22

Key Business Regulation Indicators

Starting a Business

• Rank: 15 (DB2016)
• DTF Score: 95.06
• Procedures: 3
• Time (days): 3.5
• Cost (% of income per capita): 1.3
• Paid-in minimum capital (% of income per capita): 17.3

Dealing with Construction Permits

• Rank: 16
• DTF Score: 80.88
• Procedures: 10
• Time (days): 102.0
• Cost (% of warehouse value): 0.2
• Building Quality Control Index (0-15): 10.0

Getting Electricity

• Rank: 34
• DTF Score: 83.25
• Procedures: 5
• Time (days): 91.0
• Cost (% of income per capita): 157.2
• Reliability of Supply and Transparency of Tariff Index (0-8): 8.0

Registering Property

• Rank: 4
• DTF Score: 91.01
• Procedures: 3
• Time (days): 17.5
• Cost (% of property value): 0.5
• Quality of Land Administration Index (0-30): 27.5

Getting Credit

• Rank: 28
• DTF Score: 70
• Strength of Legal Rights Index (0-12): 7.0
• Depth of Credit Information Index (0-8): 7.0
• Credit Bureau Coverage (% of adults): 34.7
• Cost (% of claim): 21.9

Protecting Minority Investors

• Rank: 81
• DTF Score: 55
• Strength of Minority Investor Protection Index (0-10): 5.5
• Conflict of Interest Regulation Index (0-10): 5.7
• Shareholder Governance Index (0-10): 5.3

Paying Taxes

• Rank: 30
• DTF Score: 84.33
• Time (hours per year): 81.0
• Total Tax Rate (% of profit): 49.4
• Global Best Performer: United Arab Emirates (rank 1)

Trading Across Borders

• Rank: 24
• DTF Score: 94.89
• Time to Export (hours): 4
• Cost to Export (USD): 280
• Time to Import (hours): 0
• Cost to Import (USD): 0
• Global Best Performer: Denmark (rank 1)

Enforcing Contracts

• Rank: 11
• DTF Score: 75.16
• Time (days): 425.0
• Quality of Judicial Processes Index (0-18): 13.5

Resolving Insolvency

• Rank: 40
• DTF Score: 65.28
• Recovery Rate (cents on the dollar): 40.0
• Time (years): 3.0
• Cost (% of estate): 9.0
• Global Best Performer: Finland (rank 1)

Key Methodological Changes in 2016

• The starting a business, dealing with construction permits, getting electricity, registering property, and enforcing contracts indicators now include quality and efficiency indices, providing a more comprehensive view of regulatory performance.
• The trading across borders indicator was substantially revised to focus on the economy's comparative advantage and trade patterns.
• The protecting minority investors indicator was updated to include limited companies, not just privately held joint stock companies.
• The labor market regulation indicators are excluded from the aggregate ease of doing business ranking and DTF score, but data are still presented in the economy profile.

Key Observations

• Estonia performs well in registering property, ranking 4th globally with a DTF score of 91.01.
• It is among the top performers in starting a business, with a DTF score of 95.06 and a rank of 15.
• Estonia has high efficiency in getting electricity and dealing with construction permits, but there is still room for improvement in trading across borders and resolving insolvency.
• Estonia's getting credit process is relatively efficient, with a DTF score of 70 and a rank of 28.
• The paying taxes process is a challenge, with a DTF score of 84.33 and a rank of 30, placing it behind several other economies.
• Estonia's enforcing contracts process is ranked 11th, but it still has a DTF score of 75.16, indicating room for improvement.
• Estonia's resolving insolvency ranking is 40th, with a DTF score of 65.28, suggesting that the process could be more efficient and cost-effective.

Conclusion

The Doing Business 2016 report highlights Estonia's strong performance in several regulatory areas, particularly registering property and starting a business, but also identifies areas where reforms could further improve the business environment. The report provides a detailed comparison with other economies and emphasizes the importance of understanding the distance to frontier and ease of doing business ranking for policy design and implementation.