Guinea vs Guinea-Bissau: Minimum capital for starting a business
Minimum capital for starting a business over time
- Guinea
- Guinea-Bissau
How they compare
Guinea-Bissau currently reports 338.0% against 324.7% in Guinea, a difference of 13.3%.
The two have swapped places 2 times across 8 shared years of data; in 2005 it was Guinea-Bissau ahead.
Guinea ranks 9th and Guinea-Bissau ranks 6th of 51 countries.
Across the 2 decades both report, Guinea averaged higher in 1 and Guinea-Bissau in 1.
Head to head by decade
| Decade | Guinea | Guinea-Bissau | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 574.4% | 913.6% | 339.2% | Guinea-Bissau |
| 2010s | 417.0% | 383.9% | 33.1% | Guinea |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher minimum capital for starting a business, Guinea or Guinea-Bissau?
- Guinea-Bissau, at 338.0% against 324.7% in Guinea as of 2012.
- What is the difference in minimum capital for starting a business between Guinea and Guinea-Bissau?
- 13.3%, with Guinea-Bissau ahead.
- How many years of comparable data are there for Guinea and Guinea-Bissau?
- 8 years are reported by both, from 2005 to 2012.
- How do Guinea and Guinea-Bissau rank globally for minimum capital for starting a business?
- Guinea ranks 9th 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/.