Starting a business: Time - Women (days) in Panama
Panama: Starting a business: Time - Women was 6 days in 2019. ▼ Falling
Starting a business: Time - Women in Panama, 2003–2019
Source: World Bank. Measured in days.
Analysis
In 2019, starting a business: time - women in Panama stood at 6 days. That is the lowest value across all 17 years on record.
Compared with earlier readings it is down 50.0% over ten years.
Over the whole period, starting a business: time - women in Panama peaked at 18 days in 2003 and was at its lowest, 6 days, in 2013.
That places Panama 151st 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 - Women in Panama, year by year
| Year | days | Change |
|---|---|---|
| 2003 | 18 days | — |
| 2004 | 18 days | +0.0% |
| 2005 | 18 days | +0.0% |
| 2006 | 18 days | +0.0% |
| 2007 | 18 days | +0.0% |
| 2008 | 12 days | -33.3% |
| 2009 | 12 days | +0.0% |
| 2010 | 9 days | -25.0% |
| 2011 | 8 days | -11.1% |
| 2012 | 7 days | -12.5% |
| 2013 | 6 days | -14.3% |
| 2014 | 6 days | +0.0% |
| 2015 | 6 days | +0.0% |
| 2016 | 6 days | +0.0% |
| 2017 | 6 days | +0.0% |
| 2018 | 6 days | +0.0% |
| 2019 | 6 days | +0.0% |
Panama compared with similar countries
- Panama's 6 days is below the median for high income countries, which is 9.25 days, 65% of the median. (62 countries reporting)
- Panama's 6 days is below the median for Latin America & Caribbean, which is 16 days, 38% of the median. (33 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 16.29 days | 12 days | 18 days | 7 |
| 2010s | 6.6 days | 6 days | 9 days | 10 |
Countries ranked near Panama
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: time - women in Panama?
- Starting a business: time - women in Panama was 6 days in 2019, according to the World Bank.
- What is the highest starting a business: time - women recorded in Panama?
- The highest recorded value was 18 days in 2003.
- What is the lowest starting a business: time - women recorded in Panama?
- The lowest recorded value was 6 days in 2013.
- How does Panama rank for starting a business: time - women?
- Panama ranks 151st out of 191 countries with data for 2019.
- Is starting a business: time - women rising or falling in Panama?
- Over the last ten years it is down 50.0%. The long-run trend across the full record is falling.
- Where does this Panama data come from?
- The figures come from the World Bank, published as part of Starting a business: Time - Women (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 women captures the median duration that business incorporation experts indicate is necessary for five female 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.