Panama vs Uruguay: Starting a business: Time - Men
Starting a business: Time - Men over time
- Panama
- Uruguay
How they compare
Uruguay currently reports 6.5 days against 6 days in Panama, a difference of 0.5 days.
That makes Uruguay's figure about 1.1 times Panama's.
The two have swapped places 2 times across 17 shared years of data; in 2003 it was Uruguay ahead.
Panama ranks 150th and Uruguay ranks 147th of 188 countries.
Uruguay has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Panama | Uruguay | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 16.29 days | 46.86 days | 30.57 days | Uruguay |
| 2010s | 6.6 days | 12.25 days | 5.65 days | Uruguay |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher starting a business: time - men, Panama or Uruguay?
- Uruguay, at 6.5 days against 6 days in Panama as of 2019.
- What is the difference in starting a business: time - men between Panama and Uruguay?
- 0.5 days, with Uruguay ahead.
- How many years of comparable data are there for Panama and Uruguay?
- 17 years are reported by both, from 2003 to 2019.
- How do Panama and Uruguay rank globally for starting a business: time - men?
- Panama ranks 150th and Uruguay ranks 147th of 188 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.
Individual pages
About this data
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.