Starting a business: Time - Men in Lao PDR

Lao PDR: Starting a business: Time - Men was 173 days in 2019. ▲ Rising

Latest (2019)
173 days
Change on year
down 0.6%
World rank
2nd
of 188 countries
All-time high
187 days
in 2015
All-time low
78 days
in 2011
Years of data
17
2003–2019

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

0501001502002003201120192003: 135 days2004: 135 days2005: 135 days2006: 116 days2007: 86 days2008: 86 days2009: 86 days2010: 86 days2011: 78 days2012: 88 days2013: 88 days2014: 88 days2015: 187 days2016: 174 days2017: 174 days2018: 174 days2019: 173 days

Source: World Bank. Measured in days.

Analysis

Lao PDR recorded 173 days for starting a business: time - men in 2019.

The figure is down 0.6% on the previous year and up 101.2% over ten years.

Over the whole period, starting a business: time - men in Lao PDR peaked at 187 days in 2015 and was at its lowest, 78 days, in 2011.

That places Lao PDR 2nd out of 188 countries with data for 2019, putting it in the top 10%.

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

Averages by decade

DecadeAverage LowestHighest Years
2000s 111.29 days 86 days 135 days 7
2010s 131 days 78 days 187 days 10

Countries ranked near Lao PDR

  1. 1 Djibouti 14 days compare
  2. 1 Kosovo 4.5 days compare
  3. 1 Venezuela, RB 230 days compare
  4. 3 Cambodia 99 days compare
  5. 4 Haiti 97 days compare
  6. 5 Eritrea 84 days compare

See the full ranking of 190 places →

More private sector data for Lao PDR

All data for Lao PDR →

Frequently asked questions

What is starting a business: time - men in Lao PDR?
Starting a business: time - men in Lao PDR was 173 days in 2019, according to the World Bank.
What is the highest starting a business: time - men recorded in Lao PDR?
The highest recorded value was 187 days in 2015.
What is the lowest starting a business: time - men recorded in Lao PDR?
The lowest recorded value was 78 days in 2011.
How does Lao PDR rank for starting a business: time - men?
Lao PDR ranks 2nd out of 188 countries with data for 2019.
Is starting a business: time - men rising or falling in Lao PDR?
Over the last ten years it is up 101.2%. The long-run trend across the full record is rising.
Where does this Lao PDR 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.