Ethiopia vs Senegal: Minimum capital for starting a business
Minimum capital for starting a business over time
- Ethiopia
- Senegal
How they compare
Ethiopia currently reports 249.1% against 192.3% in Senegal, a difference of 56.8%.
That makes Ethiopia's figure about 1.3 times Senegal's.
Across all 10 years both countries report, Ethiopia has been ahead every year.
Ethiopia ranks 14th and Senegal ranks 16th of 51 countries.
Ethiopia has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Ethiopia | Senegal | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 1,221.1% | 256.0% | 965.2% | Ethiopia |
| 2010s | 316.8% | 200.1% | 116.6% | Ethiopia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher minimum capital for starting a business, Ethiopia or Senegal?
- Ethiopia, at 249.1% against 192.3% in Senegal as of 2012.
- What is the difference in minimum capital for starting a business between Ethiopia and Senegal?
- 56.8%, with Ethiopia ahead.
- How many years of comparable data are there for Ethiopia and Senegal?
- 10 years are reported by both, from 2003 to 2012.
- How do Ethiopia and Senegal rank globally for minimum capital for starting a business?
- Ethiopia ranks 14th and Senegal ranks 16th 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/.