Starting a business - Score in Panama
Panama: Starting a business - Score was 92.01 in 2019. ▲ Rising
Starting a business - Score in Panama, 2003–2019
Source: World Bank.
Analysis
In 2019, starting a business - score in Panama stood at 92.01. That is the highest value across all 17 years on record.
Compared with earlier readings it is up 4.0% over ten years.
Over the whole period, starting a business - score in Panama peaked at 92.01 in 2019 and was at its lowest, 86.38, in 2003.
Panama ranks 52nd of 191 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 17 years of available data.
Starting a business - Score in Panama, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 86.38 | — |
| 2004 | 86.43 | +0.1% |
| 2005 | 86.45 | +0.0% |
| 2006 | 86.52 | +0.1% |
| 2007 | 86.62 | +0.1% |
| 2008 | 88.31 | +2.0% |
| 2009 | 88.49 | +0.2% |
| 2010 | 89.24 | +0.8% |
| 2011 | 89.54 | +0.3% |
| 2012 | 89.85 | +0.3% |
| 2013 | 91.79 | +2.2% |
| 2014 | 91.88 | +0.1% |
| 2015 | 91.89 | +0.0% |
| 2016 | 91.91 | +0.0% |
| 2017 | 91.92 | +0.0% |
| 2018 | 91.97 | +0.1% |
| 2019 | 92.01 | +0.0% |
Panama compared with similar countries
- Panama's 92.01 is above the median for high income countries, which is 91.07, 1.0× the median. (62 countries reporting)
- Panama's 92.01 is above the median for Latin America & Caribbean, which is 85.6, 1.1× the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 87.03 | 86.38 | 88.49 | 7 |
| 2010s | 91.2 | 89.24 | 92.01 | 10 |
Countries ranked near Panama
- 49 Belgium 92.32 compare
- 50 Mauritania 92.24 compare
- 51 Cyprus 92.04 compare
- 53 Afghanistan 91.99 compare
- 54 Albania 91.76 compare
- 55 Democratic Republic of Congo 91.63 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 - score in Panama?
- Starting a business - score in Panama was 92.01 in 2019, according to the World Bank.
- What is the highest starting a business - score recorded in Panama?
- The highest recorded value was 92.01 in 2019.
- What is the lowest starting a business - score recorded in Panama?
- The lowest recorded value was 86.38 in 2003.
- How does Panama rank for starting a business - score?
- Panama ranks 52nd out of 191 countries with data for 2019.
- Is starting a business - score rising or falling in Panama?
- Over the last ten years it is up 4.0%. The long-run trend across the full record is rising.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Starting a business - Score. 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 score for starting a business is the simple average of the scores for each of the component indicators: the procedures, time and cost for an entrepreneur to start and formally operate a business, as well as the paid-in minimum capital requirement.