Dealing with construction permits: Cost in Puerto Rico
Puerto Rico: Dealing with construction permits: Cost was 6.7% in 2019. ▲ Rising
Dealing with construction permits: Cost in Puerto Rico, 2005–2019
Source: World Bank. Measured in % of Warehouse value.
Analysis
In 2019, dealing with construction permits: cost in Puerto Rico stood at 6.7%.
The figure is down 2.9% on the previous year and up 6.3% over ten years.
Over the whole period, dealing with construction permits: cost in Puerto Rico peaked at 7.0% in 2012 and was at its lowest, 6.3%, in 2009.
Puerto Rico ranks 43rd of 188 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 15 years of available data.
Dealing with construction permits: Cost in Puerto Rico, year by year
| Year | % of Warehouse value | Change |
|---|---|---|
| 2005 | 6.8% | — |
| 2006 | 6.5% | -4.4% |
| 2007 | 6.4% | -1.5% |
| 2008 | 6.4% | +0.0% |
| 2009 | 6.3% | -1.6% |
| 2010 | 6.3% | +0.0% |
| 2011 | 6.3% | +0.0% |
| 2012 | 7.0% | +11.1% |
| 2013 | 6.9% | -1.4% |
| 2014 | 6.9% | +0.0% |
| 2015 | 6.9% | +0.0% |
| 2016 | 6.9% | +0.0% |
| 2017 | 6.3% | -8.7% |
| 2018 | 6.9% | +9.5% |
| 2019 | 6.7% | -2.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6.5% | 6.3% | 6.8% | 5 |
| 2010s | 6.7% | 6.3% | 7.0% | 10 |
Countries ranked near Puerto Rico
- 41 Colombia 6.9% compare
- 42 Albania 6.8% compare
- 44 Algeria 6.5% compare
- 45 El Salvador 6.3% compare
- 45 Iran, Islamic Republic of 6.3% compare
More private sector data for Puerto Rico
- International tourism, expenditures for travel items 592.00 million current US$ (2018)
- International tourism, number of arrivals 3.88 million (2020)
- New businesses registered 11,218 number (2020)
- International tourism, receipts 2.92 billion current US$ (2020)
- International tourism, expenditures 893.00 million current US$ (2018)
- International tourism, expenditures for passenger transport items 301.00 million current US$ (2018)
- Starting a business: Paid-in Minimum capital (% of income per capita) 100.0% (2019)
- Starting a business: Minimum capital 0.0% (2019)
- Starting a business: Cost - Women (% of income per capita) - Score 99.4% (2019)
- Starting a business: Cost - Men (% of income per capita) - Score 99.4% (2019)
Frequently asked questions
- What is dealing with construction permits: cost in Puerto Rico?
- Dealing with construction permits: cost in Puerto Rico was 6.7% in 2019, according to the World Bank.
- What is the highest dealing with construction permits: cost recorded in Puerto Rico?
- The highest recorded value was 7.0% in 2012.
- What is the lowest dealing with construction permits: cost recorded in Puerto Rico?
- The lowest recorded value was 6.3% in 2009.
- How does Puerto Rico rank for dealing with construction permits: cost?
- Puerto Rico ranks 43rd out of 188 countries with data for 2019.
- Is dealing with construction permits: cost rising or falling in Puerto Rico?
- Over the last ten years it is up 6.3%. The long-run trend across the full record is rising.
- Where does this Puerto Rico data come from?
- The figures come from the World Bank, published as part of Dealing with construction permits: Cost (% of Warehouse value). Statizoid updates them automatically from the source API.
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About this data
The cost records all official costs associated with completing the procedures to legally build a warehouse, including the costs associated with obtaining land use approvals and preconstruction design clearances; receiving inspections before, during and after construction; obtaining utility connections; and registering the warehouse at the property registry. It is calculated as a percentage of the warehouse value. Nonrecurring taxes required for the completion of the warehouse project are also recorded. Sales taxes (such as value added tax) or capital gains taxes are not recorded. Nor are deposits that must be paid up front and are later refunded.