Benin vs Eritrea: Minimum capital for starting a business
Minimum capital for starting a business over time
- Benin
- Eritrea
How they compare
Benin currently reports 264.5% against 203.1% in Eritrea, a difference of 61.4%.
That makes Benin's figure about 1.3 times Eritrea's.
The two have swapped places 1 time across 10 shared years of data; in 2003 it was Eritrea ahead.
Benin ranks 12th and Eritrea ranks 15th of 51 countries.
Across the 2 decades both report, Benin averaged higher in 1 and Eritrea in 1.
Head to head by decade
| Decade | Benin | Eritrea | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 340.0% | 507.7% | 167.8% | Eritrea |
| 2010s | 276.7% | 238.2% | 38.6% | Benin |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher minimum capital for starting a business, Benin or Eritrea?
- Benin, at 264.5% against 203.1% in Eritrea as of 2012.
- What is the difference in minimum capital for starting a business between Benin and Eritrea?
- 61.4%, with Benin ahead.
- How many years of comparable data are there for Benin and Eritrea?
- 10 years are reported by both, from 2003 to 2012.
- How do Benin and Eritrea rank globally for minimum capital for starting a business?
- Benin ranks 12th and Eritrea ranks 15th of 51 countries.
- Where does this data come from?
- World Bank, Doing Business project (http://www.doingbusiness.org/), published as Minimum capital for starting a business (% of income per capita). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The paid-in minimum capital requirement reflects the amount that the entrepreneur needs to deposit in a bank or with a notary before registration and up to 3 months following incorporation and is recorded as a percentage of the country’s income per capita. The amount is typically specified in the commercial code or the company law. Many countries have a minimum capital requirement but allow businesses to pay only a part of it before registration, with the rest to be paid after the first year of operation. For more information, visit http://www.doingbusiness.org/MethodologySurveys/.