Ecuador is Ranked 130 Among 183 Countries Where it is Easier to do Business

Doing Business 2012 report

According to the Doing Business 2012 report, prepared by the World Bank and International Finance Corporation, Ecuador is ranked in position number 130 among 183 countries that do business easier.

Compared to last year, Ecuador has improved in the rankings up from 131 to 130, but remains far from Chile (39), Peru (41) and Colombia (42), considered the best south american countries.

For this sorting, Doing Businnes measured the respect for property rights and investor protection, the cost and effectiveness of regulatory processes, such as those relating to starting a business, registering property and management building permits. The aim is to provide entrepreneurs and policy makers “a factual basis to support the design of their policies. Provide data accessible to all for research on how regulations and corporate institutions affect economic performance (productivity, investment, informality, corruption, unemployment and poverty).

The 20 economies with the most favorable business regulations for doing business are Singapore, Hong Kong (China), New Zealand, USA, Denmark, Norway, United Kingdom, Republic of Korea, Iceland, Ireland, Finland, Saudi Arabia, Canada, Sweden , Australia, Georgia, Thailand, Malaysia, Germany, and Japan.

(BG)