Business

Ease of Doing Business in Maldives goes down by 1 rank

In an annual research conducted by the World Bank, the level of ease of doing business in Maldives has gone down yet again.

According to the Ease of Doing Business Index report 2017, the Maldives has gone down by 1 rank onto number 136 from last year’s 135.

Ease of Doing Business Index judges the business sector of the country in 10 different categories. There have been some changes in the categories.

Category Current Rank  Ranks Gained or Lost  
Starting a business 68 -3
Dealing with construction permits 54 +8
Getting electricity 143 +2
Registering property 174 -3
Getting credit 133 No change
Protecting investors 132 -9
Paying taxes 118 +16
Trading across borders 152 -5
Enforcing contracts 106 -1
Resolving insolvency 139 -4

Here are the rankings for the past couple of years

Year Rank
2010 69
2011 71
2012 87
2013 85
2014 79
2015 95
2016 129
2017 135
2018 136

The top of the rank has been maintained by New Zealand, followed by Singapore at 2, Denmark at number 3, Korea, Rep at number 4 and Hong Kong SAR, China at number 5.

 

Full details are available from the link below:

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