Doing business 2019

 03/06/2019

Doing business is a joint project developed by The World Bank and the International Finance Corporation. It measures the efficiency and strength of laws, regulations and institutions that are relevant to domestic small and medium-sized companies throughout their life cycle.

Doing Business 2019 presents quantitative indicators that can be compared across 190 economies and over time. Regulations affecting 11 areas of the life of a business are covered: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation.

The data are available in an annual report and on the website (http://www.doingbusiness.org/data/exploreeconomies/belgium). Economies are ranked on their ease of doing business, from 1 to 190. A high ranking on the ease of doing business index means the regulatory environment is more conducive to the starting and operation of a local firm. The rank for Belgium in 2019 is 45. The labor market regulation indicators are excluded from the aggregate distance to frontier score and ranking on the ease of doing business.

The best ranks are obtained for the topics:

  • Trading Across Borders (1)
  • Resolving insolvency (8)
  • Starting a business (33).

The worst performances are recorded in:

  • Registering property (143)
  • Getting electricity (112)
  • Getting credit (60)
  • Paying taxes (60).

Data give also the distance of each economy to the "frontier" (DTF). The frontier represents the highest performance observed on each of the indicators across all economies measured in Doing Business since the inclusion of the indicator. An economy's distance to frontier is reflected on a scale from 0 to 100, where 0 represents the lowest performance and 100 represents the frontier. The Belgian DTF in 2019 is 73.95, which means that Belgium is 26.05 percentage points away from the frontier constructed from the best performances across all economies (score of 71.71 in 2018).

The best performances are for:

  • Trading across borders (100)
  • Starting a business (93.03)
  • Resolving insolvency (83.88)

The worst performances are recorded in:

  • Registering property (51.41)
  • Protecting minority investors (61.67)
  • Enforcing contracts (64.25)

Additional data on entrepreneurial activity are also available. The main Entrepreneurship Database indicator measures new business entry density, which is the number of newly registered firms, in which ownership liability is limited to its investment, per calendar year, normalized by population.

http://www.doingbusiness.org/en/reports/global-reports/doing-business-2019