Starting a business: Time - Men in Somalia

Somalia: Starting a business: Time - Men was 70 days in 2019. ▬ Flat

Latest (2019)
70 days
Change on year
unchanged
World rank
8th
of 188 countries
All-time high
70 days
in 2015
All-time low
70 days
in 2015
Years of data
5
2015–2019

Starting a business: Time - Men in Somalia, 2015–2019

0204060802015201720192015: 70 days2016: 70 days2017: 70 days2018: 70 days2019: 70 days

Source: World Bank. Measured in days.

Analysis

Somalia recorded 70 days for starting a business: time - men in 2019. That is the highest value across all 5 years on record.

Compared with earlier readings it is unchanged over five years.

That places Somalia 8th out of 188 countries with data for 2019, putting it in the top 10%.

Countries ranked near Somalia

  1. 5 Eritrea 84 days compare
  2. 6 Bosnia and Herzegovina 80 days compare
  3. 7 Iran 72 days compare
  4. 9 Suriname 66 days compare
  5. 10 Chad 58 days compare
  6. 11 Namibia 54 days compare

See the full ranking of 190 places →

More private sector data for Somalia

All data for Somalia →

Frequently asked questions

What is starting a business: time - men in Somalia?
Starting a business: time - men in Somalia was 70 days in 2019, according to the World Bank.
What is the highest starting a business: time - men recorded in Somalia?
The highest recorded value was 70 days in 2015.
What is the lowest starting a business: time - men recorded in Somalia?
The lowest recorded value was 70 days in 2015.
How does Somalia rank for starting a business: time - men?
Somalia ranks 8th out of 188 countries with data for 2019.
Where does this Somalia 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 — 5 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.