Norway vs Senegal: Starting a business: Minimum capital
Starting a business: Minimum capital over time
- Norway
- Senegal
How they compare
Norway currently reports 4.3% against 3.0% in Senegal, a difference of 1.3%.
That makes Norway's figure about 1.4 times Senegal's.
The two have swapped places 1 time across 17 shared years of data; in 2003 it was Senegal ahead.
Norway ranks 41st and Senegal ranks 42nd of 191 countries.
Senegal has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Norway | Senegal | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 24.8% | 256.0% | 231.1% | Senegal |
| 2010s | 7.8% | 83.3% | 75.5% | Senegal |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher starting a business: minimum capital, Norway or Senegal?
- Norway, at 4.3% against 3.0% in Senegal as of 2019.
- What is the difference in starting a business: minimum capital between Norway and Senegal?
- 1.3%, with Norway ahead.
- How many years of comparable data are there for Norway and Senegal?
- 17 years are reported by both, from 2003 to 2019.
- How do Norway and Senegal rank globally for starting a business: minimum capital?
- Norway ranks 41st and Senegal ranks 42nd of 191 countries.
- Where does this data come from?
- The World Bank, published as Starting a business: Minimum capital (% 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 re?ects the amount that the entrepreneur needs to deposit in a bank or with a third-party before registration or up to three months after incorporation. It is calculated as percentage of income per capita. Any legal limitation of the company’s operations or decisions related to the payment of the minimum capital requirement is recorded. In case the legal minimum capital is provided per share, it is assumed 5 shareholders own the company and the legal minimum capital is multiplied by 5 shares. If an economy requires a minimum capital but allows businesses to pay only a part of it before registration, only this part is recorded.