Panama vs Thailand: Starting a business: Time - Men

Panama
6 days
in 2019
Thailand
6 days
in 2019
Panama rank
151st
Thailand rank
151st

Starting a business: Time - Men over time

  • Panama
  • Thailand
10203040200320112019

How they compare

Panama currently reports 6 days against 6 days in Thailand, a difference of 0 days.

Across all 17 years both countries report, Thailand has been ahead every year.

Panama ranks 151st and Thailand ranks 151st of 190 countries.

Thailand has averaged higher in every one of the 2 decades both report.

Head to head by decade

Decade Panama Thailand Difference Ahead
2000s 16.29 days 34.86 days 18.57 days Thailand
2010s 6.6 days 23.7 days 17.1 days Thailand

Averages of every year both report within each decade.

Frequently asked questions

Which has higher starting a business: time - men, Panama or Thailand?
Panama, at 6 days against 6 days in Thailand as of 2019.
What is the difference in starting a business: time - men between Panama and Thailand?
0 days, with Panama ahead.
How many years of comparable data are there for Panama and Thailand?
17 years are reported by both, from 2003 to 2019.
How do Panama and Thailand rank globally for starting a business: time - men?
Panama ranks 151st and Thailand ranks 151st of 190 countries.
Where does this data come from?
The World Bank, published as Starting a business: Time - Men (days). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Panama vs Thailand: Starting a business: Time - Men. Statizoid. Retrieved 18 August 2026, from https://private-sector.statizoid.com/compare/starting-a-business-time-men-days/panama/thailand/

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About this data

Indicator
Starting a business: Time - Men (days)
Unit
days
Source
World Bank
Licence
CC BY 4.0 (World Bank Open Data)
Coverage
190 places, 3,083 data points, 2003–2019
Last refreshed

The time for men captures the median duration that business incorporation experts indicate is necessary for five male married entrepreneurs to complete all procedures required to start and operate a business with minimum follow-up and no extra payments. It is calulared in calendar days. The time estimates of all procedures are added to calculate the total time required to start and operate a business, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.