Burkina Faso vs Sub-Saharan Africa: Minimum capital for starting a business
Minimum capital for starting a business over time
- Burkina Faso
- Sub-Saharan Africa
How they compare
Burkina Faso currently reports 353.9% against 116.0% in Sub-Saharan Africa, a difference of 237.9%.
That makes Burkina Faso's figure about 3.1 times Sub-Saharan Africa's.
The two have swapped places 1 time across 10 shared years of data; in 2003 it was Sub-Saharan Africa ahead.
Burkina Faso ranks 5th and Sub-Saharan Africa ranks 4th of 51 countries.
Burkina Faso has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Burkina Faso | Sub-Saharan Africa | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 471.1% | 377.7% | 93.4% | Burkina Faso |
| 2010s | 381.1% | 130.5% | 250.7% | Burkina Faso |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher minimum capital for starting a business, Burkina Faso or Sub-Saharan Africa?
- Burkina Faso, at 353.9% against 116.0% in Sub-Saharan Africa as of 2012.
- What is the difference in minimum capital for starting a business between Burkina Faso and Sub-Saharan Africa?
- 237.9%, with Burkina Faso ahead.
- How many years of comparable data are there for Burkina Faso and Sub-Saharan Africa?
- 10 years are reported by both, from 2003 to 2012.
- How do Burkina Faso and Sub-Saharan Africa rank globally for minimum capital for starting a business?
- Burkina Faso ranks 5th and Sub-Saharan Africa ranks 4th 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/.