Estonia has scored 12th in the 2017 World Bank ease of doing business index, placing between Taiwan and Finland.
In the index, economies are ranked on their ease of doing business, from 1–190.
“A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm,” the report says. “The rankings are determined by sorting the aggregate distance to frontier scores on 10 topics, each consisting of several indicators, giving equal weight to each topic. The rankings for all economies are benchmarked to June 2016.”
Estonia scores highest (6th) in the registering property category, and lowest (53rd) in the area of protecting minority investors. What comes to starting a business, Estonia ranks 14th in the world.
In the 2016 ease of doing business index, Estonia scored one place higher, 11th. When the 2016 index came out last year, Estonia had scored 16th; however, in the 2017 index, rankings for last year are “adjusted and reflect data corrections” according to the World Bank.
New Zealand scored highest in the 2017 index, followed by Singapore and Denmark. Latvia scored 14th and Lithuania 21st. At the bottom of the list one can find Libya, Eritrea and Somalia.
Cover: A business building in Tallinn (the image is illustrative/courtesy of EAS.)