Starting a business: Time - Men in Ecuador

Ecuador: Starting a business: Time - Men was 48.5 days in 2019. ▼ Falling

Latest (2019)
48.5 days
Change on year
unchanged
World rank
13th
of 188 countries
All-time high
92 days
in 2003
All-time low
48.5 days
in 2016
Years of data
17
2003–2019

Starting a business: Time - Men in Ecuador, 2003–2019

0204060801002003201120192003: 92 days2004: 92 days2005: 69 days2006: 65 days2007: 65 days2008: 65 days2009: 64 days2010: 56 days2011: 55.5 days2012: 55.5 days2013: 55.5 days2014: 55.5 days2015: 50.5 days2016: 48.5 days2017: 48.5 days2018: 48.5 days2019: 48.5 days

Source: World Bank. Measured in days.

Analysis

In 2019, starting a business: time - men in Ecuador stood at 48.5 days. That is the lowest value across all 17 years on record.

Compared with earlier readings it is down 24.2% over ten years.

Over the whole period, starting a business: time - men in Ecuador peaked at 92 days in 2003 and was at its lowest, 48.5 days, in 2016.

That places Ecuador 13th out of 188 countries with data for 2019, putting it in the top 10%.

The long-run direction has been consistently falling across the 17 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 73.14 days 64 days 92 days 7
2010s 52.25 days 48.5 days 56 days 10

Countries ranked near Ecuador

  1. 10 Chad 58 days compare
  2. 11 Namibia 54 days compare
  3. 12 Congo 49 days compare
  4. 14 Belize 48 days compare
  5. 14 Botswana 48 days compare
  6. 16 Palestine 43 days compare

See the full ranking of 190 places →

More private sector data for Ecuador

All data for Ecuador →

Frequently asked questions

What is starting a business: time - men in Ecuador?
Starting a business: time - men in Ecuador was 48.5 days in 2019, according to the World Bank.
What is the highest starting a business: time - men recorded in Ecuador?
The highest recorded value was 92 days in 2003.
What is the lowest starting a business: time - men recorded in Ecuador?
The lowest recorded value was 48.5 days in 2016.
How does Ecuador rank for starting a business: time - men?
Ecuador ranks 13th out of 188 countries with data for 2019.
Is starting a business: time - men rising or falling in Ecuador?
Over the last ten years it is down 24.2%. The long-run trend across the full record is falling.
Where does this Ecuador data come from?
The figures come from the World Bank, published as part of Starting a business: Time - Men (days). 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

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.