Scotland | Saint Pierre and Miquelon | Falkland Islands | Western Sahara | Republic of Kosovo | Isle of Man | Vatican City State | Territory of the French Southern and Antarctic Lands | Wales | Svalbard and Jan Mayen | Department of Mayotte | Bailiwick of Jersey | Åland Islands | Republic of the Marshall Islands | Territory of Norfolk Island | Principality of Monaco | Collectivity of Saint-Barthélemy | South Georgia and the South Sandwich Islands | Tokelau | Greenland | Bouvet Island | England | Hong Kong Special Administrative Region of the People's Republic of China | Territory of the Cocos (Keeling) Islands | Republic of Namibia | Saint Helena, Ascension and Tristan da Cunha | Republic of Nauru | Pitcairn, Henderson, Ducie and Oeno Islands | British Indian Ocean Territory | Bailiwick of Guernsey | Territory of Heard Island and McDonald Islands | Antarctica | Territory of Christmas Island | United States Minor Outlying Islands | Northern Ireland | Territory of the Wallis and Futuna Islands | Cost (% of claim)
The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account. Development relevance: Efficient contract enforcement is essential to economic development and sustained growth. Economic and social progress cannot be achieved without respect for the rule of law and effective protection of rights, both of which require a well-functioning judiciary that resolves cases in a reasonable time and is predictable and accessible to the public. Economies with a more efficient judiciary, in which courts can effectively enforce contractual obligations, have more developed credit markets and a higher level of development overall. A stronger judiciary is also associated with more rapid growth of small firms. Overall, enhancing the efficiency of the judicial system can improve the business climate, foster innovation, attract foreign direct investment and secure tax revenues. Limitations and exceptions: The Doing Business methodology has five limitations that should be considered when interpreting the data. First, for most economies the collected data refer to businesses in the largest business city and may not be representative of regulation in other parts of the economy. Second, the data often focus on a specific business form—generally a limited liability company (or its legal equivalent) of a specified size—and may not be representative of the regulation on other businesses. Third, transactions described in a standardized case scenario refer to a specific set of issues and may not represent the full set of issues that a business encounters. Fourth, the measures of time involve an element of judgment by the expert respondents. When sources indicate different estimates, the time indicators reported in Doing Business represent the median values of several responses given under the assumptions of the standardized case. Finally, the methodology assumes that a business has full information on what is required and does not waste time when completing procedures. In practice, completing a procedure may take longer if the business lacks information or is unable to follow up promptly. Alternatively, the business may choose to disregard some burdensome procedures. For both reasons the time delays reported in Doing Business would differ from the recollection of entrepreneurs reported in the World Bank Group Enterprise questionnaires or other firm-level questionnaires.. Statistical concept and methodology: Data are collected by the World Bank Group with a standardized questionnaire that uses a simple business case to ensure comparability across economies and over time—with assumptions about the legal form of the business, its size, its location and nature of its operation. Questionnaires are administered to more than 13,800 local experts, including lawyers, business consultants, accountants, freight forwarders, government officials and other professionals routinely administering or advising on legal and regulatory requirements. The Doing Business data are based on a detailed reading of domestic laws, regulations and administrative requirements as well as their implementation in practice as experienced by private firms. The report covers 190 economies—including some of the smallest and poorest economies, for which little or no data are available from other sources. The data are collected through several rounds of communication with expert respondents (both private sector practitioners and government officials), through responses to questionnaires, conference calls, written correspondence and visits by the team. Doing Business relies on four main sources of information: the relevant laws and regulations, Doing Business respondents, the governments of the economies covered and the World Bank Group regional staff.
Publisher
The World Bank
Origin
Territory of the Wallis and Futuna Islands
Records
17
Source
Create chart Download showed records Download Full dataset
Scotland | Saint Pierre and Miquelon | Falkland Islands | Western Sahara | Republic of Kosovo | Isle of Man | Vatican City State | Territory of the French Southern and Antarctic Lands | Wales | Svalbard and Jan Mayen | Department of Mayotte | Bailiwick of Jersey | Åland Islands | Republic of the Marshall Islands | Territory of Norfolk Island | Principality of Monaco | Collectivity of Saint-Barthélemy | South Georgia and the South Sandwich Islands | Tokelau | Greenland | Bouvet Island | England | Hong Kong Special Administrative Region of the People's Republic of China | Territory of the Cocos (Keeling) Islands | Republic of Namibia | Saint Helena, Ascension and Tristan da Cunha | Republic of Nauru | Pitcairn, Henderson, Ducie and Oeno Islands | British Indian Ocean Territory | Bailiwick of Guernsey | Territory of Heard Island and McDonald Islands | Antarctica | Territory of Christmas Island | United States Minor Outlying Islands | Northern Ireland | Territory of the Wallis and Futuna Islands | Cost (% of claim)
2004
2005
2006
2007
2008
2009
33 2010
33 2011
33 2012
33 2013
33 2014
33 2015
34.4 2016
34.4 2017
34.4 2018
34.4 2019
34.4 2020
Scotland | Saint Pierre and Miquelon | Falkland Islands | Western Sahara | Republic of Kosovo | Isle of Man | Vatican City State | Territory of the French Southern and Antarctic Lands | Wales | Svalbard and Jan Mayen | Department of Mayotte | Bailiwick of Jersey | Åland Islands | Republic of the Marshall Islands | Territory of Norfolk Island | Principality of Monaco | Collectivity of Saint-Barthélemy | South Georgia and the South Sandwich Islands | Tokelau | Greenland | Bouvet Island | England | Hong Kong Special Administrative Region of the People's Republic of China | Territory of the Cocos (Keeling) Islands | Republic of Namibia | Saint Helena, Ascension and Tristan da Cunha | Republic of Nauru | Pitcairn, Henderson, Ducie and Oeno Islands | British Indian Ocean Territory | Bailiwick of Guernsey | Territory of Heard Island and McDonald Islands | Antarctica | Territory of Christmas Island | United States Minor Outlying Islands | Northern Ireland | Territory of the Wallis and Futuna Islands | Cost (% of claim)
The cost to enforce contracts is recorded as a percentage of the claim value, assumed to be equivalent to 200% of income per capita or $5,000, whichever is greater. Three types of costs are recorded: average attorney fees, court costs and enforcement costs. Bribes are not taken into account. Development relevance: Efficient contract enforcement is essential to economic development and sustained growth. Economic and social progress cannot be achieved without respect for the rule of law and effective protection of rights, both of which require a well-functioning judiciary that resolves cases in a reasonable time and is predictable and accessible to the public. Economies with a more efficient judiciary, in which courts can effectively enforce contractual obligations, have more developed credit markets and a higher level of development overall. A stronger judiciary is also associated with more rapid growth of small firms. Overall, enhancing the efficiency of the judicial system can improve the business climate, foster innovation, attract foreign direct investment and secure tax revenues. Limitations and exceptions: The Doing Business methodology has five limitations that should be considered when interpreting the data. First, for most economies the collected data refer to businesses in the largest business city and may not be representative of regulation in other parts of the economy. Second, the data often focus on a specific business form—generally a limited liability company (or its legal equivalent) of a specified size—and may not be representative of the regulation on other businesses. Third, transactions described in a standardized case scenario refer to a specific set of issues and may not represent the full set of issues that a business encounters. Fourth, the measures of time involve an element of judgment by the expert respondents. When sources indicate different estimates, the time indicators reported in Doing Business represent the median values of several responses given under the assumptions of the standardized case. Finally, the methodology assumes that a business has full information on what is required and does not waste time when completing procedures. In practice, completing a procedure may take longer if the business lacks information or is unable to follow up promptly. Alternatively, the business may choose to disregard some burdensome procedures. For both reasons the time delays reported in Doing Business would differ from the recollection of entrepreneurs reported in the World Bank Group Enterprise questionnaires or other firm-level questionnaires.. Statistical concept and methodology: Data are collected by the World Bank Group with a standardized questionnaire that uses a simple business case to ensure comparability across economies and over time—with assumptions about the legal form of the business, its size, its location and nature of its operation. Questionnaires are administered to more than 13,800 local experts, including lawyers, business consultants, accountants, freight forwarders, government officials and other professionals routinely administering or advising on legal and regulatory requirements. The Doing Business data are based on a detailed reading of domestic laws, regulations and administrative requirements as well as their implementation in practice as experienced by private firms. The report covers 190 economies—including some of the smallest and poorest economies, for which little or no data are available from other sources. The data are collected through several rounds of communication with expert respondents (both private sector practitioners and government officials), through responses to questionnaires, conference calls, written correspondence and visits by the team. Doing Business relies on four main sources of information: the relevant laws and regulations, Doing Business respondents, the governments of the economies covered and the World Bank Group regional staff.
Publisher
The World Bank
Origin
Territory of the Wallis and Futuna Islands
Records
17
Source
Create chart Download showed records Download Full dataset