Ease of doing business rank (1=most business-friendly regulations)

This ranking system evaluates economies based on their regulatory framework, positioning them from 1 to 190, where a lower number signifies a more favorable business environment. The assessment is derived from a comprehensive analysis of various factors, such as the ease of starting a business, obtaining permits, and ensuring contract enforcement. Economies that score well typically exhibit streamlined processes, minimal bureaucratic hurdles, and supportive legal frameworks, making them attractive destinations for both local and foreign investments. A high ranking not only reflects a government’s commitment to fostering entrepreneurship and innovation but also serves as a benchmark for potential investors seeking stability and efficiency in their business ventures. Source: