Burkina Faso vs Guinea-Bissau: Minimum capital for starting a business
Minimum capital for starting a business over time
- Burkina Faso
- Guinea-Bissau
How they compare
Burkina Faso currently reports 353.9% against 338.0% in Guinea-Bissau, a difference of 15.9%.
The two have swapped places 3 times across 8 shared years of data; in 2005 it was Guinea-Bissau ahead.
Burkina Faso ranks 5th and Guinea-Bissau ranks 6th of 51 countries.
Guinea-Bissau has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Burkina Faso | Guinea-Bissau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 453.6% | 913.6% | 460.0% | Guinea-Bissau |
| 2010s | 381.1% | 383.9% | 2.8% | Guinea-Bissau |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher minimum capital for starting a business, Burkina Faso or Guinea-Bissau?
- Burkina Faso, at 353.9% against 338.0% in Guinea-Bissau as of 2012.
- What is the difference in minimum capital for starting a business between Burkina Faso and Guinea-Bissau?
- 15.9%, with Burkina Faso ahead.
- How many years of comparable data are there for Burkina Faso and Guinea-Bissau?
- 8 years are reported by both, from 2005 to 2012.
- How do Burkina Faso and Guinea-Bissau rank globally for minimum capital for starting a business?
- Burkina Faso ranks 5th and Guinea-Bissau ranks 6th 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/.