The World Bank’s Doing Business 2019 report ranks 190 economies based on how easy it is to do business there, taking into account trading regulations, property rights, contract enforcement, investment laws, the availability of credit and a number of other factors.
The first report was published in 2003.
This year’s report indicated that Afghanistan had moved up the most, by 16 spots, from 183th in last year’s ranking to 167th this year.
China and India - two economies with the largest populations - are among top 10 improvers this year. Afghanistan, Djibouti, Azerbaijan, Togo, Kenya, Côte d’Ivoire, Turkey and Rwanda rounded out the top 10 most improved list. In addition, Djibouti and India are the only economies to make the 10 top most improved list for the second consecutive year.
Various reforms had been carried out to warrant big changes in ranked positions, according to the World Bank.
The top five overall are New Zealand, Singapore, Denmark, Hong Kong and Korea. The U.S. ranks 8th, down from 6th last year.
The ease of doing business score helps assess the absolute level of regulatory performance over time. It captures the gap of each economy from the best regulatory performance observed on each of the indicators across all economies in the Doing Business sample since 2005.
One can both see the gap between a particular economy’s performance and the best performance at any point in time and assess the absolute change in the economy’s regulatory environment over time as measured by Doing Business.
An economy’s ease of doing business score is reflected on a scale from 0 to 100, where 0 represents the lowest and 100 represents the best performance.
For Southeast Asian countries, herewith is the overall rankings:
Source : www.worldbank.org
