Starting a business: Time - Men (days) in Puerto Rico
Puerto Rico: Starting a business: Time - Men was 5.5 days in 2019. ▼ Falling
Starting a business: Time - Men in Puerto Rico, 2003–2019
Source: World Bank. Measured in days.
Analysis
Puerto Rico recorded 5.5 days for starting a business: time - men in 2019. That is the lowest value across all 17 years on record.
That represents a change of down 21.4% over ten years.
Over the whole period, starting a business: time - men in Puerto Rico peaked at 7 days in 2003 and was at its lowest, 5.5 days, in 2016.
That places Puerto Rico 157th out of 191 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Starting a business: Time - Men in Puerto Rico, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 7 days | — |
| 2004 | 7 days | +0.0% |
| 2005 | 7 days | +0.0% |
| 2006 | 7 days | +0.0% |
| 2007 | 7 days | +0.0% |
| 2008 | 7 days | +0.0% |
| 2009 | 7 days | +0.0% |
| 2010 | 7 days | +0.0% |
| 2011 | 6 days | -14.3% |
| 2012 | 6 days | +0.0% |
| 2013 | 6 days | +0.0% |
| 2014 | 6 days | +0.0% |
| 2015 | 6 days | +0.0% |
| 2016 | 5.5 days | -8.3% |
| 2017 | 5.5 days | +0.0% |
| 2018 | 5.5 days | +0.0% |
| 2019 | 5.5 days | +0.0% |
Puerto Rico compared with similar countries
- Puerto Rico's 5.5 days is below the median for high income countries, which is 8.25 days, 67% of the median. (62 countries reporting)
- Puerto Rico's 5.5 days is below the median for Latin America & Caribbean, which is 16 days, 34% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 7 days | 7 days | 7 days | 7 |
| 2010s | 5.9 days | 5.5 days | 7 days | 10 |
Countries ranked near Puerto Rico
More private sector data for Puerto Rico
- New businesses registered 11,218 number (2020)
- International tourism, expenditures for travel items 592.00 million current US$ (2018)
- International tourism, number of arrivals 3.88 million (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 starting a business: time - men in Puerto Rico?
- Starting a business: time - men in Puerto Rico was 5.5 days in 2019, according to the World Bank.
- What is the highest starting a business: time - men recorded in Puerto Rico?
- The highest recorded value was 7 days in 2003.
- What is the lowest starting a business: time - men recorded in Puerto Rico?
- The lowest recorded value was 5.5 days in 2016.
- How does Puerto Rico rank for starting a business: time - men?
- Puerto Rico ranks 157th out of 191 countries with data for 2019.
- Is starting a business: time - men rising or falling in Puerto Rico?
- Over the last ten years it is down 21.4%. The long-run trend across the full record is falling.
- Where does this Puerto Rico 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
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.