CPIA business regulatory environment rating (1=low to 6=high)

This indicator evaluates the effectiveness of the legal and regulatory framework in fostering a conducive atmosphere for private sector growth. By analyzing factors such as ease of doing business, transparency in regulations, and the efficiency of government processes, it reveals how well the environment facilitates investment and entrepreneurship. A high rating indicates a robust policy landscape that encourages innovation and job creation through streamlined procedures and supportive governance, while a low rating highlights significant barriers that may stifle economic activity. Understanding these dynamics is crucial for policymakers and business leaders aiming to enhance productivity and stimulate sustainable economic development. Source: