Gambia - Cost of business start-up procedures (% of GNI per capita)

Cost of business start-up procedures (% of GNI per capita) in Gambia was reported at 125 % in 2016, according to the World Bank collection of development indicators, compiled from officially recognized sources.



gambia cost of business start up procedures percent of gni per capita wb data
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Cost to register a business is normalized by presenting it as a percentage of gross national income (GNI) per capita.


Gambia | Private Sector

Distance to frontier score (0=lowest performance to 100=frontier)
51.7
Business extent of disclosure index (0=less disclosure to 10=more disclosure)
2
Ease of doing business index (1=most business-friendly regulations)
145
Average time to clear exports through customs (days)
5 days
Cost to build a warehouse (% of income per capita)
2.2 %
Cost to enforce a contract (% of claim)
37.9 %
Power outages in firms in a typical month
21
Cost to get electricity connection (% of income per capita)
3977 %
Procedures required to get electricity
5
Time required to get electricity (days) ADI
78 days
Getting electricity (rank)
119
Firing cost (weeks of wages)
26
Cost to export (US$ per container)
1040
Trade: Cost to export (US$ per container)
381
Trade: Cost to import (US$ per container)
326
Cost to export, border compliance (US$)
381
Cost to export, documentary compliance (US$)
183
Documents to export
6
Lead time to export (days)
19 days
Trade: Time to export (day)
109
Trade: Time to import (days)
87 days
Time to export, border compliance (hours)
109 hours
Time to export, documentary compliance (hours)
61 hours
Firms using banks to finance working capital (% of firms)
14.3 %
Bribery incidence (% of firms experiencing at least one bribe payment request)
25.1 %
Firms competing against unregistered firms (% of firms)
60.3 %
Percent of firms expected to give gifts in meetings with tax officials
13.6 %
Percent of firms expected to give gifts to get an operating license
23.4 %
Percent of firms identifying corruption as a major constraint
9.8 %
Percent of firms expected to give gifts to secure government contract
51.8 %
Value of gift expected to secure a government contract (% of contract value)
4.3 %
Percent of firms expected to give gifts to public officials "to get things done"
52.4 %
Percent of firms expected to give gifts to get an electrical connection
31.2 %
Percent of firms expected to give gifts to get a construction permit
28.3 %
Percent of firms expected to give gifts to get an import license
29 %
Percent of firms identifying the courts system as a major constraint
4.6 %
Bribery index (% of gift or informal payment requests during public transactions)
19.2 %
Informal payments to public officials (% of firms)
52.4 %
Losses due to theft, robbery, vandalism, and arson (% sales)
2.7 %
Percent of firms paying for security
71.5 %
Security costs (% of annual sales)
4.3 %
If the establishment pays for security, average security costs (% of annual sales)
6.1 %
Losses due to theft and vandalism against the firm (% of annual sales)
2.7 %
If there were losses, average losses due to theft and vandalism (% of annual sales)
8.6 %
Products shipped to supply domestic markets that were lost due to theft (% of product value)
0.4 %
Percent of firms identifying crime, theft and disorder as a major constraint
12.3 %
Time required to obtain an operating license (days)
8.3 days
Age of the establishment (years)
9.4 years
Proportion of private domestic ownership in a firm
74.1 %
Proportion of private foreign ownership in a firm
24.6 %
Proportion of government/state ownership in a firm
1.1 %
Proportion of a firm held by the largest owner(s)
88.6 %
Percent of firms with legal status of publicly listed company
0.6 %
Percent of firms with legal status of privately held Limited Liability Company
37.6 %
Percent of firms with legal status of Sole Proprietorship
46.7 %
Percent of firms with legal status of Partnership
14.2 %
Percent of firms with legal status of Limited Partnership
0 %
Firms with female participation in ownership (% of firms)
21.3 %
Proportion of investment financed internally
78.7 %
Value of collateral needed for a loan (% of the loan amount) WB
193 %
Proportion of loans requiring collateral
86.1 %
Percent of firms using banks to finance investments
7.6 %
Percent of firms using banks to finance working capital
14.3 %
Percent of firms with a bank loan/line of credit
16.6 %
Percent of firms with a checking or savings account
72.8 %
Percent of firms identifying access to finance as a major constraint
40.3 %
Proportion of investment financed by banks
9.8 %
Percent of firms not needing a loan
33.7 %
Proportion of investment financed by supplier credit
2.9 %
Proportion of investment financed by equity or stock sales
0.2 %
Proportion of working capital financed by banks
5.2 %
Proportion of working capital financed by supplier credit
34.7 %
Percent of firms with female participation in ownership
21.3 %
Proportion of permanent full-time workers that are female
16.2 %
Proportion of permanent full-time non-production workers that are female
31.9 %
Firms that do not report all sales for tax purposes (% of firms)
88.05 %
Percent of firms competing against unregistered or informal firms
60.3 %
Percent of firms identifying practices of competitors in the informal sector as a major constraint
22.6 %
Days to obtain an electrical connection (upon application)
63.9
Proportion of electricity from a generator
20.7 %
If a generator is used, average proportion of electricity from a generator
32.3 %
Percent of firms identifying transportation as a major constraint
11.1 %
Percent of firms identifying electricity as a major constraint
78.1 %
Proportion of products lost to breakage or spoilage during shipping to domestic markets
1.3 %
Number of electrical outages in a typical month
21
Duration of a typical electrical outage (hours)
6.1 hours
If there were outages, average duration of a typical electrical outage (hours)
6.9 hours
Losses due to electrical outages (% of annual sales)
9.8 %
Percent of firms owning or sharing a generator
63.9 %
Percent of firms with an internationally-recognized quality certification
22.2 %
Percent of firms with an annual financial statement reviewed by external auditors
32.7 %
Capacity utilization
62.9 %
Percent of firms using technology licensed from foreign companies
4 %
Percent of firms having their own Web site
13.6 %
Percent of firms using e-mail to interact with clients/suppliers
42.6 %
ISO certification ownership (% of firms)
22.2 %
Percent of firms choosing access to finance as their biggest obstacle
11.7 %
Percent of firms choosing labor regulations as their biggest obstacle
0 %
Percent of firms choosing political instability as their biggest obstacle
2.1 %
Percent of firms choosing practices of the informal sector as their biggest obstacle
4.1 %
Percent of firms choosing tax administration as their biggest obstacle
1.7 %
Percent of firms choosing tax rates as their biggest obstacle
6.5 %
Percent of firms choosing transportation as their biggest obstacle
2.3 %
Percent of firms choosing access to land as their biggest obstacle
6.5 %
Percent of firms choosing business licensing and permits as their biggest obstacle
1.2 %
Percent of firms choosing corruption as their biggest obstacle
0.6 %
Percent of firms choosing courts as their biggest obstacle
2.3 %
Percent of firms choosing crime, theft and disorder as their biggest obstacle
2.4 %
Percent of firms choosing customs and trade regulations as their biggest obstacle
2.4 %
Percent of firms choosing electricity as their biggest obstacle
54.5 %
Percent of firms choosing inadequately educated workforce as their biggest obstacle
1.7 %
Days to obtain an import license
8.5
Days to obtain an operating license
8.3
Days to obtain a construction-related permit
30.6
Percent of firms identifying business licensing and permits as a major constraint
18.1 %
Senior management time spent dealing with the requirements of government regulation
7.3 %
Number of visits or required meetings with tax officials
2.5
If there were visits, average number of visits or required meetings with tax officials
3.2
Percent of firms identifying tax rates as a major constraint
30.7 %
Percent of firms identifying tax administration as a major constraint
16.5 %
Time required to deal with construction permits (days)
143 days
Days to clear direct exports through customs
5
Percent of firms exporting directly or indirectly (at least 1% of sales)
8.6 %
Percent of firms using material inputs and/or supplies of foreign origin
63.2 %
Days of inventory of main input
33.7
Percent of firms exporting directly (at least 1% of sales)
6.5 %
Days to clear imports from customs
3
Proportion of total sales that are domestic sales
98.4 %
Proportion of total sales that are exported directly
1 %
Proportion of total sales that are exported indirectly
0.6 %
Proportion of total inputs that are of domestic origin
47.8 %
Proportion of total inputs that are of foreign origin
52.2 %
Percent of firms identifying customs and trade regulations as a major constraint
12.8 %
Firms offering formal training (% of firms)
25.6 %
Percent of firms offering formal training
25.6 %
Percent of firms identifying an inadequately educated workforce as a major constraint
11.7 %
Number of temporary workers
3.9
Number of permanent full-time workers
19
Proportion of unskilled workers (out of all production workers)
22.3 %
Proportion of workers offered formal training
61.4 %
Number of permanent skilled production workers
15.4
Number of permanent unskilled production workers
5
Number of permanent production workers
20.4
Number of permanent non-production workers
3.6
Years of the top manager's experience working in the firm's sector
10.9
Percent of firms identifying labor regulations as a major constraint
3.4 %
Cost to get electricity(% of income per capita)
3569 %
Procedures required to connect to electricity
5
Management time dealing with officials (% of management time)
7.3 %
Cost to import (US$ per container)
745
Cost to import, border compliance (US$)
326
Cost to import, documentary compliance (US$)
152
Documents to import
6
Lead time to import (days)
19 days
Time to import, border compliance (hours)
87 hours
Time to import, documentary compliance (hours)
32 hours
Resolving insolvency: cost (% of estate)
14.5 %
Time to resolve insolvency (years)
2 years
Resolving insolvency: recovery rate (cents on the dollar)
26.6
Time required to enforce a contract (days)
407 days
Rigidity of employment index (0=less rigid to 100=more rigid)
27
Procedures to enforce a contract
33
Extent of director liability index (0 to 10)
5
Strength of investor protection index (0 to 10)
3.5
Ease of shareholder suits index (0 to 10)
5
Time required to register property (days) WDI
66 days
Procedures to register property
5
Minimum paid-in capital required to start a business (% of income per capita)
0 %
Cost of business start-up procedures, female (% of GNI per capita)
125 %
Cost of business start-up procedures, male (% of GNI per capita)
125 %
Cost of business start-up procedures (% of GNI per capita)
125 %
Time required to start a business (days)
25 days
Time required to start a business, female (days)
25 days
Time required to start a business, male (days)
25 days
Start-up procedures to register a business
7
Start-up procedures to register a business, female
7
Start-up procedures to register a business, male
7
Cost to register property (% of property value)
7.6 %
Time to prepare and pay taxes (hours)
326 hours
Firms expected to give gifts in meetings with tax officials (% of firms)
13.6 %
Labor tax and contributions (% of commercial profits)
12.7 %
Average number of times firms spent in meetings with tax officials
2.5
Other taxes payable by businesses (% of commercial profits)
44.5 %
Tax payments
49
Profit tax (% of commercial profits)
6.1 %
Total tax rate (% of profit)
51.3 %
Time required to build a warehouse (days)
144 days
Procedures to build a warehouse
12
Burden of customs procedure, WEF (1=extremely inefficient to 7=extremely efficient)
4.5
Lead time to import, median case (days)
1 days
Logistics performance index: Efficiency of customs clearance process (1=low to 5=high)
2.06
Logistics performance index: Quality of trade and transport-related infrastructure (1=low to 5=high)
2
Logistics performance index: Ease of arranging competitively priced shipments (1=low to 5=high)
2.67
Logistics performance index: Competence and quality of logistics services (1=low to 5=high)
2.22
Logistics performance index: Overall (1=low to 5=high)
2.25
Logistics performance index: Frequency with which shipments reach consignee within scheduled or expected time (1=low to 5=high)
2.46
Logistics performance index: Ability to track and trace consignments (1=low to 5=high)
2
International tourism, number of arrivals
135000
International tourism, number of departures
307000
International tourism, receipts
138000000 USD
International tourism, receipts (% of total exports)
38.03 %
International tourism, receipts for passenger transport items
18000000 USD
International tourism, expenditures for passenger transport items
2000000 USD
International tourism, receipts for travel items
120000000 USD
International tourism, expenditures for travel items
58000000 USD
International tourism, expenditures
60000000 USD
International tourism, expenditures (% of total imports)
1.82 %
Merchandise trade (% of GDP)
55.21 %
Import volume index (2000 = 100)
129
Binding coverage, manufactured products
1.5 %
Bound rate, simple mean, manufactured products
68.88 %
Share of tariff lines with international peaks, manufactured products
72.17 %
Tariff rate, applied, simple mean, manufactured products
15.57 %
Tariff rate, most favored nation, simple mean, manufactured products
13.71 %
Share of tariff lines with specific rates, manufactured products
0.3442 %
Tariff rate, applied, weighted mean, manufactured products
13.45 %
Tariff rate, most favored nation, weighted mean, manufactured products
13.45 %
Binding coverage, all products
13.69 %
Bound rate, simple mean, all products
103 %
Share of tariff lines with international peaks, all products
72.35 %
Tariff rate, applied, simple mean, all products
15.6 %
Tariff rate, most favored nation, simple mean, all products
14 %
Share of tariff lines with specific rates, all products
0.632 %
Tariff rate, applied, weighted mean, all products
12.66 %
Tariff rate, most favored nation, weighted mean, all products
12.66 %
Binding coverage, primary products
53.93 %
Bound rate, simple mean, primary products
106 %
Share of tariff lines with international peaks, primary products
72.97 %
Tariff rate, applied, simple mean, primary products
15.77 %
Tariff rate, most favored nation, simple mean, primary products
14.97 %
Share of tariff lines with specific rates, primary products
1.7 %
Tariff rate, applied, weighted mean, primary products
12.19 %
Tariff rate, most favored nation, weighted mean, primary products
12.19 %
Food imports (% of merchandise imports)
40.93 %
Insurance and financial services (% of commercial service imports)
21.7 %
Manufactures imports (% of merchandise imports)
36.14 %
Merchandise imports from economies in the Arab World (% of total merchandise imports)
5.18 %
Merchandise imports
410087372 USD
Merchandise imports from high-income economies (% of total merchandise imports)
26.11 %
Merchandise imports from developing economies outside region (% of total merchandise imports)
64.11 %
Merchandise imports from developing economies in East Asia & Pacific (% of total merchandise imports)
43.17 %
Merchandise imports from developing economies in Latin America & the Caribbean (% of total merchandise imports)
8.64 %
Merchandise imports from developing economies in Middle East & North Africa (% of total merchandise imports)
2.4 %
Merchandise imports from developing economies in South Asia (% of total merchandise imports)
7.43 %
Merchandise imports from developing economies in Sub-Saharan Africa (% of total merchandise imports)
9.71 %
Merchandise imports by the reporting economy, residual (% of total merchandise imports)
0.0671 %
Merchandise imports by the reporting economy
1065977980 USD
Merchandise imports from developing economies within region (% of total merchandise imports)
9.71 %
Import value index (2000 = 100)
219
Computer, communications and other services (% of commercial service imports)
2.23 %
Commercial service imports
80269229 USD
Transport services (% of commercial service imports)
65.97 %
Travel services (% of commercial service imports)
10.09 %
Net barter terms of trade index (2000 = 100)
101
Export volume index (2000 = 100)
391
Food exports (% of merchandise exports)
49.36 %
Insurance and financial services (% of commercial service exports)
6.02 %
Manufactures exports (% of merchandise exports)
47.92 %
Merchandise exports to economies in the Arab World (% of total merchandise exports)
0.5424 %
Merchandise exports
108218328 USD
Merchandise exports to high-income economies (% of total merchandise exports)
18.21 %
Merchandise exports to developing economies outside region (% of total merchandise exports)
76.03 %
Merchandise exports to developing economies in Europe & Central Asia (% of total merchandise exports)
0.12 %
Merchandise exports to developing economies in Latin America & the Caribbean (% of total merchandise exports)
0.2284 %
Merchandise exports to developing economies in Middle East & North Africa (% of total merchandise exports)
0.038 %
Merchandise exports to developing economies in South Asia (% of total merchandise exports)
27.29 %
Merchandise exports to developing economies in Sub-Saharan Africa (% of total merchandise exports)
5.73 %
Merchandise exports by the reporting economy, residual (% of total merchandise exports)
0.021 %
Merchandise exports by the reporting economy
106426287 USD
Merchandise exports to developing economies within region (% of total merchandise exports)
5.73 %
Export value index (2000 = 100)
671
Computer, communications and other services (% of commercial service exports)
2.68 %
Commercial service exports
151464506 USD
High-technology exports
54418 USD
High-technology exports (% of manufactured exports)
7.32 %
Transport services (% of commercial service exports)
33.45 %
Travel services (% of commercial service exports)
57.86 %