Starting a business: Procedures required - Men (number) in Panama
Panama: Starting a business: Procedures required - Men was 5 number in 2019. ▼ Falling
Starting a business: Procedures required - Men in Panama, 2003–2019
Source: World Bank. Measured in number.
Analysis
Panama recorded 5 number for starting a business: procedures required - men in 2019. That is the lowest value across all 17 years on record.
The figure is down 16.7% over ten years.
Over the whole period, starting a business: procedures required - men in Panama peaked at 6 number in 2003 and was at its lowest, 5 number, in 2013.
That places Panama 116th out of 191 countries with data for 2019, putting it in the middle of the range.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business: Procedures required - Men in Panama, year by year
| Year | number | Change |
|---|---|---|
| 2003 | 6 number | — |
| 2004 | 6 number | +0.0% |
| 2005 | 6 number | +0.0% |
| 2006 | 6 number | +0.0% |
| 2007 | 6 number | +0.0% |
| 2008 | 6 number | +0.0% |
| 2009 | 6 number | +0.0% |
| 2010 | 6 number | +0.0% |
| 2011 | 6 number | +0.0% |
| 2012 | 6 number | +0.0% |
| 2013 | 5 number | -16.7% |
| 2014 | 5 number | +0.0% |
| 2015 | 5 number | +0.0% |
| 2016 | 5 number | +0.0% |
| 2017 | 5 number | +0.0% |
| 2018 | 5 number | +0.0% |
| 2019 | 5 number | +0.0% |
Panama compared with similar countries
- Panama's 5 number is above the median for high income countries, which is 5 number, 1.0× the median. (62 countries reporting)
- Panama's 5 number is below the median for Latin America & Caribbean, which is 7 number, 71% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 6 number | 6 number | 6 number | 7 |
| 2010s | 5.3 number | 5 number | 6 number | 10 |
Countries ranked near Panama
- 116 Pakistan 5 number compare
- 116 Albania 5 number compare
- 116 Belgium 5 number compare
- 116 Benin 5 number compare
- 116 Cameroon 5 number compare
- 116 Cyprus 5 number compare
- 116 Denmark 5 number compare
- 116 Dominica 5 number compare
- 116 Egypt 5 number compare
- 116 France 5 number compare
- 116 Iceland 5 number compare
- 116 Kuwait 5 number compare
- 116 Liberia 5 number compare
- 116 Luxembourg 5 number compare
- 116 Madagascar 5 number compare
- 116 Mali 5 number compare
- 116 Malta 5 number compare
- 116 Marshall Islands 5 number compare
- 116 Poland 5 number compare
- 116 Rwanda 5 number compare
- 116 Sierra Leone 5 number compare
- 116 Saint Lucia 5 number compare
- 116 Thailand 5 number compare
- 116 Uruguay 5 number compare
More private sector data for Panama
- Merchandise trade 41.6% (2025)
- Food imports 18.7% (2024)
- Manufactures imports 60.2% (2024)
- Merchandise imports 25.76 billion current US$ (2025)
- Food exports 73.6% (2024)
- Manufactures exports 10.9% (2024)
- Merchandise exports 11.90 billion current US$ (2025)
- Merchandise exports (current US$), per capita 2,604 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1316 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate -9.7 % change on previous year (2025)
Frequently asked questions
- What is starting a business: procedures required - men in Panama?
- Starting a business: procedures required - men in Panama was 5 number in 2019, according to the World Bank.
- What is the highest starting a business: procedures required - men recorded in Panama?
- The highest recorded value was 6 number in 2003.
- What is the lowest starting a business: procedures required - men recorded in Panama?
- The lowest recorded value was 5 number in 2013.
- How does Panama rank for starting a business: procedures required - men?
- Panama ranks 116th out of 191 countries with data for 2019.
- Is starting a business: procedures required - men rising or falling in Panama?
- Over the last ten years it is down 16.7%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Starting a business: Procedures required - Men (number). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The number of procedures for men records all the procedures required in practice for five male married entrepreneurs to start and operate a local limited liability company. A procedure is de?ned as any interaction of the company founders with external parties. Both pre- and post-incorporation procedures that are officially required or commonly done in practice are recorded.