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From World Development Indicators

The Little Data Book on


Private Sector

12
Development

Economic and social context

Investment climate

Private sector investment

Finance and banking

Infrastructure
2012 THE LITTLE DATA BOOK
ON PRIVATE SECTOR
DEVELOPMENT
Copyright © 2012 by the International Bank for
Reconstruction and Development/THE WORLD BANK
1818 H Street, N.W.
Washington, D.C. 20433
U.S.A.

All rights reserved


Manufactured in the United States of America
First printing June 2012

ISBN: 978-0-8213-8995-9
eISBN: 978-0-8213-9521-9
DOI: 10.1596/978-0-8213-8995-9
SKU: 18995

The Little Data Book on Private Sector Development 2012 is a product


of the Development Data Group of the Development Economics
Vice Presidency and the Investment Climate Department of the Financial
and Private Sector Development Vice Presidency of the World Bank.

Design by Communications Development Incorporated, Washington, D.C.


Cover design by Peter Grundy Art & Design, London, U.K.
Contents
Acknowledgments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . iv

Preface. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .v

Data notes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . vi

Regional tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1

World . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2

East Asia and Pacific . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3

Europe and Central Asia. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Latin America and the Caribbean . . . . . . . . . . . . . . . . . . . . . . . . . . . 5

Middle East and North Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

South Asia . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7

Sub-Saharan Africa . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

Income group tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9

Low income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Middle income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

Lower middle income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

Upper middle income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

Low and middle income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

High income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Euro area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

Country tables (in alphabetical order) . . . . . . . . . . . . . . . . . . . . . . . . . . 17

Note. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 234

Glossary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 235

The Little Data Book on Private Sector Development 2012 iii


Acknowledgments
The Little Data Book on Private Sector Development 2012 is based on World
Development Indicators 2012 and its accompanying CD-ROM, with a focus
on the private sector in development. The Little Data Book on Private Sector
Development 2012 is the result of close collaboration between the staff of
the World Bank’s Development Data Group of the Development Economics
Vice Presidency and the Investment Climate Department of the Financial
and Private Sector Development Vice Presidency. The Development Data
Group team included Liu Cui, Buyant Erdene Khaltarkhuu, William Prince,
and Jomo Tariku. The Investment Climate Department’s team included Ryan
Hahn and Nathalie David. The work was carried out under the management of
Shaida Badiee, director of the Development Data Group, and Pierre Guislain,
director of the Investment Climate Department. Azita Amjadi and Alison Kwong
coordinated all stages of production. Staff from External Affairs oversaw
publication and dissemination of the book.

iv 2012 The Little Data Book on Private Sector Development


Preface
Access to reliable cross-country data on private sector development is crucial
when formulating responses to economic crises. When downturns affect
exports, investment, and growth negatively, making life easier for business
is a significant step towards economic recovery. This has become obvious
during the global financial crisis as governments have tried to stimulate
economic growth through the creation of more robust private and finance
markets. Improving the investment climate facilitates economic adjustment
as it helps attract capital to create jobs and provide basic services.

Unsurprisingly, the availability of cross-country data on the business


environment has rapidly expanded in recent years, including data from the
World Bank Group’s Doing Business project, Enterprise Surveys, and the
Entrepreneurship Snapshots.

The data sources presented in this book report on the scope and types of
regulations that enhance—and constrain—business activity and provide
information on business owners’ assessment of the business environment.
The data have led to new research, enabled benchmarking, and informed
the reform process in many developing countries. For more information,
please visit the Business Environment Snapshots at http://rru.worldbank
.org/besnapshots/.

Included in this guide are indicators on the economic and social context,
the investment climate, private sector investment, finance and banking, and
infrastructure. Though a pocket guide cannot include all relevant variables,
the indicators that are included provide users with a general understanding
of the private sector in each country. Indicators displayed in the tables are
defined in the Glossary, which also lists data sources.

We welcome your suggestions on how to improve future editions and make


them more useful.

The Little Data Book on Private Sector Development 2012 v


Data notes
The data in this book are for 2005 and 2010 or the most recent year unless
otherwise noted in the table or the Glossary.

• Growth rates are proportional changes from the previous year unless
otherwise noted.

• Regional aggregates include data for low- and middle-income


economies only.

• Figures in italics indicate data for years or periods other than those
specified.

Symbols used:

.. indicates that data are not available or that aggregates cannot


be calculated because of missing data.

0 or 0.0 indicates zero or small enough that the number would round to
zero at the displayed number of decimal places.

$ indicates current U.S. dollars.

Data are shown for economies with populations greater than 30,000 or for
smaller economies if they are members of the World Bank. The term country
(used interchangeably with economy) does not imply political independence
or official recognition by the World Bank but refers to any economy for which
the authorities report separate social or economic statistics.

vi 2012 The Little Data Book on Private Sector Development


Regional tables
The country composition of regions is based on the World Bank’s analytical
regions and may differ from common geographic usage.

East Asia and Pacific


American Samoa, Cambodia, China, Fiji, Indonesia, Kiribati, Democratic
Republic of Korea, Lao People’s Democratic Republic, Malaysia, Marshall
Islands, Federated States of Micronesia, Mongolia, Myanmar, Palau,
Papua New Guinea, Philippines, Samoa, Solomon Islands, Thailand,
Timor-Leste, Tonga, Tuvalu, Vanuatu, Vietnam

Europe and Central Asia


Albania, Armenia, Azerbaijan, Belarus, Bosnia and Herzegovina, Bulgaria,
Georgia, Kazakhstan, Kosovo, Kyrgyz Republic, Latvia, Lithuania, Former
Yugoslav Republic of Macedonia, Moldova, Montenegro, Romania,
Russian Federation, Serbia, Tajikistan, Turkey, Turkmenistan, Ukraine,
Uzbekistan

Latin America and the Caribbean


Antigua and Barbuda, Argentina, Belize, Bolivia, Brazil, Chile, Colombia,
Costa Rica, Cuba, Dominica, Dominican Republic, Ecuador, El Salvador,
Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico,
Nicaragua, Panama, Paraguay, Peru, St. Kitts and Nevis, St. Lucia, St.
Vincent and the Grenadines, Suriname, Uruguay, República Bolivariana
de Venezuela

Middle East and North Africa


Algeria, Djibouti, Arab Republic of Egypt, Islamic Republic of Iran, Iraq,
Jordan, Lebanon, Libya, Morocco, Syrian Arab Republic, Tunisia, West
Bank and Gaza, Republic of Yemen

South Asia
Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan,
Sri Lanka

Sub-Saharan Africa
Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Cape Verde,
Central African Republic, Chad, Comoros, Democratic Republic of Congo,
Republic of Congo, Côte d’Ivoire, Eritrea, Ethiopia, Gabon, The Gambia,
Ghana, Guinea, Guinea-Bissau, Kenya, Lesotho, Liberia, Madagascar,
Malawi, Mali, Mauritania, Mauritius, Mayotte, Mozambique, Namibia,
Niger, Nigeria, Rwanda, São Tomé and Príncipe, Senegal, Seychelles,
Sierra Leone, Somalia, South Africa, South Sudan, Sudan, Swaziland,
Tanzania, Togo, Uganda, Zambia, Zimbabwe

The Little Data Book on Private Sector Development 2012 1


World
2005 2010
Economic and social context
Population (millions) 6,503.6 6,894.6
Labor force (millions) 3,028.6 3,223.0
Unemployment rate (% of labor force) 6.1 ..
GNI per capita, World Bank Atlas method ($) 7,099 9,071
GDP growth, 2000–05 and 2005–10 (average annual %) 2.8 1.9
Agriculture value added (% of GDP) 3.1 2.8
Industry value added (% of GDP) 28.1 25.4
Manufacturing value added (% of GDP) 17.6 15.8
Services value added (% of GDP) 68.8 71.8
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 26.8 27.9
Imports of goods and services (% of GDP) 26.9 28.0
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 50 31
Procedures to start a business (number) 10 7
Firing cost (weeks of wages) 52.2 51.2
Resolving insolvency (years) 3.1 2.9
Total tax rate (% of commercial profits) 53.3 44.8
Profit tax (% of commercial profits) .. 16.0
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   3.2
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. ..
Private foreign direct investment, net (% of GDP) 2.6 2.3
Gross fixed capital formation (% of GDP) 21.3 19.3
Gross fixed private capital formation (% of GDP) .. ..
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –1.8 –7.0
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 110.5 122.3
Total financial system deposits (% of GDP) 82.1 89.7
Bank capital to asset ratio (%) 8.6 9.4
Bank nonperforming loans to total gross loans ratio (%) 3.5 4.0
Domestic credit to the private sector (% of GDP) 132.0 134.4
Real interest rate (%)    
Interest rate spread (percentage points) 6.6 6.2
   
Infrastructure    
Paved roads (% of total roads) 45.0 64.9
Electric power consumption (kWh per capita) 2,656 2,803
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 34.0 78.2
Internet users (per 100 people) 15.8 30.2

2 2012 The Little Data Book on Private Sector Development


East Asia & Pacific
2005 2010
Economic and social context
Population (millions) 1,892.7 1,961.6
Labor force (millions) 1,061.0 1,118.0
Unemployment rate (% of labor force) 5.0 4.7
GNI per capita, World Bank Atlas method ($) 1,617 3,696
GDP growth, 2000–05 and 2005–10 (average annual %) 8.5 9.6
Agriculture value added (% of GDP) 12.5 11.4
Industry value added (% of GDP) 45.9 45.3
Manufacturing value added (% of GDP) 31.1 28.7
Services value added (% of GDP) 41.6 43.2
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 44.9 37.2
Imports of goods and services (% of GDP) 40.0 33.1
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 57 39
Procedures to start a business (number) 9 8
Firing cost (weeks of wages) 55.4 56.7
Resolving insolvency (years) 3.3 3.2
Total tax rate (% of commercial profits) 40.1 36.2
Profit tax (% of commercial profits) .. 17.9
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   1.0
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 92,839 70,512
Private foreign direct investment, net (% of GDP) 4.7 3.1
Gross fixed capital formation (% of GDP) 35.3 39.6
Gross fixed private capital formation (% of GDP) 13.6 22.0
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –2.0 ..
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 109.9 125.7
Total financial system deposits (% of GDP) 50.0 56.6
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 99.9 116.3
Real interest rate (%)    
Interest rate spread (percentage points) 5.5 6.9
   
Infrastructure    
Paved roads (% of total roads) 16.0 30.7
Electric power consumption (kWh per capita) 1,474 2,095
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 28.4 73.3
Internet users (per 100 people) 8.4 29.8

The Little Data Book on Private Sector Development 2012 3


Europe & Central Asia
2005 2010
Economic and social context
Population (millions) 399.2 405.2
Labor force (millions) 182.5 191.8
Unemployment rate (% of labor force) 8.1 9.5
GNI per capita, World Bank Atlas method ($) 3,709 7,272
GDP growth, 2000–05 and 2005–10 (average annual %) 6.1 3.1
Agriculture value added (% of GDP) 8.8 7.2
Industry value added (% of GDP) 33.6 32.3
Manufacturing value added (% of GDP) 18.9 17.0
Services value added (% of GDP) 57.6 60.6
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 33.7 30.9
Imports of goods and services (% of GDP) 31.1 30.6
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 37 16
Procedures to start a business (number) 10 6
Firing cost (weeks of wages) 25.6 25.5
Resolving insolvency (years) 2.9 2.8
Total tax rate (% of commercial profits) 56.9 41.6
Profit tax (% of commercial profits) .. 9.2
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   2.0
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 55,441 135,012
Private foreign direct investment, net (% of GDP) 3.1 2.8
Gross fixed capital formation (% of GDP) 20.7 21.9
Gross fixed private capital formation (% of GDP) 17.7 18.4
   
Finance and banking    
Government cash surplus or deficit (% of GDP) 3.9 –2.2
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 34.5 54.8
Total financial system deposits (% of GDP) 28.5 41.8
Bank capital to asset ratio (%) 13.2 13.6
Bank nonperforming loans to total gross loans ratio (%) 2.6 12.2
Domestic credit to the private sector (% of GDP) 26.4 46.2
Real interest rate (%)    
Interest rate spread (percentage points) 7.8 6.9
   
Infrastructure    
Paved roads (% of total roads) 86.2 85.8
Electric power consumption (kWh per capita) 3,716 3,859
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 61.8 124.3
Internet users (per 100 people) 12.9 39.3

4 2012 The Little Data Book on Private Sector Development


Latin America & Caribbean
2005 2010
Economic and social context
Population (millions) 549.7 582.6
Labor force (millions) 252.2 278.2
Unemployment rate (% of labor force) 8.4 7.8
GNI per capita, World Bank Atlas method ($) 4,411 7,741
GDP growth, 2000–05 and 2005–10 (average annual %) 2.6 3.7
Agriculture value added (% of GDP) 6.1 6.3
Industry value added (% of GDP) 33.7 31.0
Manufacturing value added (% of GDP) 18.4 16.9
Services value added (% of GDP) 60.2 62.8
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 24.3 22.3
Imports of goods and services (% of GDP) 21.8 22.3
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 78 57
Procedures to start a business (number) 11 9
Firing cost (weeks of wages) 58.6 55.5
Resolving insolvency (years) 3.5 3.1
Total tax rate (% of commercial profits) 50.3 47.8
Profit tax (% of commercial profits) .. 20.2
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   1.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 143,219 202,542
Private foreign direct investment, net (% of GDP) 2.8 2.4
Gross fixed capital formation (% of GDP) 18.7 19.9
Gross fixed private capital formation (% of GDP) 14.7 15.1
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –1.7 ..
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 47.0 59.3
Total financial system deposits (% of GDP) 33.7 43.6
Bank capital to asset ratio (%) 11.1 10.1
Bank nonperforming loans to total gross loans ratio (%) 3.6 2.4
Domestic credit to the private sector (% of GDP) 26.0 41.7
Real interest rate (%)    
Interest rate spread (percentage points) 7.9 7.3
   
Infrastructure    
Paved roads (% of total roads) 26.3 22.5
Electric power consumption (kWh per capita) 1,736 1,892
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 43.1 98.4
Internet users (per 100 people) 16.5 34.0

The Little Data Book on Private Sector Development 2012 5


Middle East & North Africa
2005 2010
Economic and social context
Population (millions) 303.6 331.3
Labor force (millions) 95.4 104.9
Unemployment rate (% of labor force) 12.9 10.6
GNI per capita, World Bank Atlas method ($) 2,195 3,874
GDP growth, 2000–05 and 2005–10 (average annual %) 4.1 4.8
Agriculture value added (% of GDP) 10.9 ..
Industry value added (% of GDP) 43.0 ..
Manufacturing value added (% of GDP) 12.3 ..
Services value added (% of GDP) 46.0 ..
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 37.5 ..
Imports of goods and services (% of GDP) 32.9 ..
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 39 23
Procedures to start a business (number) 10 8
Firing cost (weeks of wages) 54.8 54.8
Resolving insolvency (years) 3.5 3.5
Total tax rate (% of commercial profits) 56.6 40.6
Profit tax (% of commercial profits) .. 15.5
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 13,435 29,970
Private foreign direct investment, net (% of GDP) 2.9 2.7
Gross fixed capital formation (% of GDP) 22.6 ..
Gross fixed private capital formation (% of GDP) 13.8 ..
   
Finance and banking    
Government cash surplus or deficit (% of GDP) 0.1 –3.0
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 44.4 60.1
Total financial system deposits (% of GDP) 53.1 64.9
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 31.3 35.0
Real interest rate (%)    
Interest rate spread (percentage points) 5.0 5.0
   
Infrastructure    
Paved roads (% of total roads) 70.2 75.2
Electric power consumption (kWh per capita) 1,305 1,497
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 22.2 86.1
Internet users (per 100 people) 8.3 20.9

6 2012 The Little Data Book on Private Sector Development


South Asia
2005 2010
Economic and social context
Population (millions) 1,517.3 1,633.1
Labor force (millions) 614.2 638.8
Unemployment rate (% of labor force) 4.5 ..
GNI per capita, World Bank Atlas method ($) 687 1,176
GDP growth, 2000–05 and 2005–10 (average annual %) 6.5 7.5
Agriculture value added (% of GDP) 19.3 19.2
Industry value added (% of GDP) 27.9 26.3
Manufacturing value added (% of GDP) 15.9 14.8
Services value added (% of GDP) 52.8 54.4
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 19.1 20.3
Imports of goods and services (% of GDP) 22.9 24.7
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 38 23
Procedures to start a business (number) 8 7
Firing cost (weeks of wages) 111.4 75.8
Resolving insolvency (years) 4.2 3.4
Total tax rate (% of commercial profits) 40.0 44.4
Profit tax (% of commercial profits) .. 18.6
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 44,251 204,075
Private foreign direct investment, net (% of GDP) 1.1 1.3
Gross fixed capital formation (% of GDP) 28.2 27.1
Gross fixed private capital formation (% of GDP) 21.3 19.5
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –3.1 –3.8
Government debt (% of GDP) 61.2 ..
Deposit money banks’ assets (% of GDP) 55.2 65.6
Total financial system deposits (% of GDP) 50.7 61.4
Bank capital to asset ratio (%) 6.4 7.3
Bank nonperforming loans to total gross loans ratio (%) 8.3 10.5
Domestic credit to the private sector (% of GDP) 37.7 45.8
Real interest rate (%)    
Interest rate spread (percentage points) 6.2 5.9
   
Infrastructure    
Paved roads (% of total roads) 55.7 53.9
Electric power consumption (kWh per capita) 421 517
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 7.7 58.8
Internet users (per 100 people) 2.5 8.1

The Little Data Book on Private Sector Development 2012 7


Sub-Saharan Africa
2005 2010
Economic and social context
Population (millions) 754.6 853.4
Labor force (millions) 295.9 340.4
Unemployment rate (% of labor force) .. ..
GNI per capita, World Bank Atlas method ($) 770 1,188
GDP growth, 2000–05 and 2005–10 (average annual %) 4.5 4.8
Agriculture value added (% of GDP) 16.6 10.7
Industry value added (% of GDP) 31.7 30.8
Manufacturing value added (% of GDP) 13.2 12.6
Services value added (% of GDP) 51.8 58.5
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 32.5 31.1
Imports of goods and services (% of GDP) 33.9 33.6
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 60 34
Procedures to start a business (number) 11 8
Firing cost (weeks of wages) 64.3 66.2
Resolving insolvency (years) 3.4 3.4
Total tax rate (% of commercial profits) 71.3 57.3
Profit tax (% of commercial profits) .. 18.5
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   1.2
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 24,622 52,365
Private foreign direct investment, net (% of GDP) 2.9 2.3
Gross fixed capital formation (% of GDP) 18.2 20.4
Gross fixed private capital formation (% of GDP) 13.0 12.5
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –0.3 –1.0
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 41.7 56.0
Total financial system deposits (% of GDP) 33.8 42.0
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 62.2 64.8
Real interest rate (%)    
Interest rate spread (percentage points) 11.7 9.7
   
Infrastructure    
Paved roads (% of total roads) 18.3 18.8
Electric power consumption (kWh per capita) 532 511
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 12.0 44.9
Internet users (per 100 people) 2.3 11.3

8 2012 The Little Data Book on Private Sector Development


Income group tables
For operational and analytical purposes the World Bank’s main criterion
for classifying economies is gross national income (GNI) per capita. Every
economy in The Little Data Book on Private Sector Development is classified
as low income, middle income, or high income. Low- and middle-income
economies are sometimes referred to as developing economies. The use of
the term is convenient; it is not intended to imply that all economies in the
group are experiencing similar development or that other economies have
reached a preferred or final stage of development. Classification by income
does not necessarily reflect development status.

Low-income economies are those with a GNI per capita of $1,005 or less
in 2010.

Middle-income economies are those with a GNI per capita of more than
$1,005 but less than $12,276. Lower-middle-income and upper-middle-
income economies are separated at a GNI per capita of $3,975.

High-income economies are those with a GNI per capita of $12,276 or


more.

Euro area includes the member states of the Economic and Monetary Union
of the European Union that have adopted the euro as their currency: Austria,
Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy,
Luxembourg, Malta, Netherlands, Portugal, Slovak Republic, Slovenia, and
Spain.

The Little Data Book on Private Sector Development 2012 9


Low income
2005 2010
Economic and social context
Population (millions) 718.2 796.3
Labor force (millions) 319.9 363.5
Unemployment rate (% of labor force) .. ..
GNI per capita, World Bank Atlas method ($) 340 530
GDP growth, 2000–05 and 2005–10 (average annual %) 4.7 5.7
Agriculture value added (% of GDP) 29.8 25.6
Industry value added (% of GDP) 23.7 25.6
Manufacturing value added (% of GDP) 12.6 14.2
Services value added (% of GDP) 46.5 48.8
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 20.3 20.8
Imports of goods and services (% of GDP) 30.7 33.4
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 61 33
Procedures to start a business (number) 11 8
Firing cost (weeks of wages) 60.8 63.5
Resolving insolvency (years) 3.8 3.7
Total tax rate (% of commercial profits) 83.9 67.8
Profit tax (% of commercial profits) .. 18.7
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 4,646 21,616
Private foreign direct investment, net (% of GDP) 2.1 3.2
Gross fixed capital formation (% of GDP) 20.3 22.4
Gross fixed private capital formation (% of GDP) 14.5 16.0
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –1.4 ..
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 29.5 34.8
Total financial system deposits (% of GDP) 27.9 31.7
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 20.4 29.7
Real interest rate (%)    
Interest rate spread (percentage points) 11.7 9.8
   
Infrastructure    
Paved roads (% of total roads) 18.0 20.7
Electric power consumption (kWh per capita) 214 229
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 4.6 33.1
Internet users (per 100 people) 1.1 5.6

10 2012 The Little Data Book on Private Sector Development


Middle income
2005 2010
Economic and social context
Population (millions) 4,698.8 4,970.8
Labor force (millions) 2,181.3 2,308.6
Unemployment rate (% of labor force) 6.1 ..
GNI per capita, World Bank Atlas method ($) 1,919 3,726
GDP growth, 2000–05 and 2005–10 (average annual %) 5.5 6.3
Agriculture value added (% of GDP) 10.1 9.5
Industry value added (% of GDP) 37.5 35.6
Manufacturing value added (% of GDP) 21.3 20.2
Services value added (% of GDP) 52.4 54.9
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 32.5 28.6
Imports of goods and services (% of GDP) 29.7 27.8
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 56 36
Procedures to start a business (number) 10 8
Firing cost (weeks of wages) 55.0 52.8
Resolving insolvency (years) 3.2 3.1
Total tax rate (% of commercial profits) 48.3 41.1
Profit tax (% of commercial profits) .. 16.5
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   1.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 401,503 697,249
Private foreign direct investment, net (% of GDP) 3.3 2.6
Gross fixed capital formation (% of GDP) 25.2 27.1
Gross fixed private capital formation (% of GDP) 16.0 18.3
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –1.5 ..
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 65.8 86.7
Total financial system deposits (% of GDP) 41.4 51.4
Bank capital to asset ratio (%) 9.8 10.2
Bank nonperforming loans to total gross loans ratio (%) 5.2 3.9
Domestic credit to the private sector (% of GDP) 54.0 73.6
Real interest rate (%)    
Interest rate spread (percentage points) 7.1 6.3
   
Infrastructure    
Paved roads (% of total roads) 37.7 53.5
Electric power consumption (kWh per capita) 1,373 1,675
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 26.9 78.0
Internet users (per 100 people) 7.9 23.8

The Little Data Book on Private Sector Development 2012 11


Lower middle income
2005 2010
Economic and social context
Population (millions) 2,330.1 2,518.7
Labor force (millions) 935.9 994.1
Unemployment rate (% of labor force) 6.4 ..
GNI per capita, World Bank Atlas method ($) 896 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.5 6.4
Agriculture value added (% of GDP) 17.7 17.0
Industry value added (% of GDP) 32.6 31.3
Manufacturing value added (% of GDP) 17.4 16.4
Services value added (% of GDP) 49.7 51.7
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 30.1 27.6
Imports of goods and services (% of GDP) 32.5 31.0
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 54 34
Procedures to start a business (number) 10 8
Firing cost (weeks of wages) 64.8 63.9
Resolving insolvency (years) 3.4 3.3
Total tax rate (% of commercial profits) 48.0 40.4
Profit tax (% of commercial profits) .. 16.0
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 90,218 301,804
Private foreign direct investment, net (% of GDP) 2.4 2.1
Gross fixed capital formation (% of GDP) 25.1 25.7
Gross fixed private capital formation (% of GDP) 18.9 17.7
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –2.8 –3.6
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 45.7 58.0
Total financial system deposits (% of GDP) 43.7 52.1
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) 16.5 ..
Domestic credit to the private sector (% of GDP) 32.6 40.1
Real interest rate (%)    
Interest rate spread (percentage points) 8.4 8.7
   
Infrastructure    
Paved roads (% of total roads) 31.3 48.6
Electric power consumption (kWh per capita) 554 644
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 13.5 71.7
Internet users (per 100 people) 3.9 13.5

12 2012 The Little Data Book on Private Sector Development


Upper middle income
2005 2010
Economic and social context
Population (millions) 2,368.7 2,452.1
Labor force (millions) 1,245.4 1,314.4
Unemployment rate (% of labor force) 5.9 5.8
GNI per capita, World Bank Atlas method ($) 2,925 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.5 6.3
Agriculture value added (% of GDP) 8.0 7.4
Industry value added (% of GDP) 38.8 36.8
Manufacturing value added (% of GDP) 22.4 21.3
Services value added (% of GDP) 53.2 55.8
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 33.2 28.8
Imports of goods and services (% of GDP) 28.9 26.9
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 58 38
Procedures to start a business (number) 10 8
Firing cost (weeks of wages) 45.2 41.4
Resolving insolvency (years) 3.1 2.8
Total tax rate (% of commercial profits) 48.8 41.9
Profit tax (% of commercial profits) .. 17.0
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 301,287 259,433
Private foreign direct investment, net (% of GDP) 3.5 2.7
Gross fixed capital formation (% of GDP) 25.2 27.5
Gross fixed private capital formation (% of GDP) 15.1 18.5
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –1.1 ..
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 71.5 94.3
Total financial system deposits (% of GDP) 40.7 51.2
Bank capital to asset ratio (%) 9.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 3.5 3.7
Domestic credit to the private sector (% of GDP) 60.1 83.2
Real interest rate (%)    
Interest rate spread (percentage points) 6.4 5.8
   
Infrastructure    
Paved roads (% of total roads) 49.4 57.6
Electric power consumption (kWh per capita) 2,171 2,714
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 40.1 84.5
Internet users (per 100 people) 11.9 34.1

The Little Data Book on Private Sector Development 2012 13


Low and middle income
2005 2010
Economic and social context
Population (millions) 5,417.0 5,767.2
Labor force (millions) 2,501.2 2,672.1
Unemployment rate (% of labor force) 6.0 ..
GNI per capita, World Bank Atlas method ($) 1,710 3,288
GDP growth, 2000–05 and 2005–10 (average annual %) 5.5 6.3
Agriculture value added (% of GDP) 10.7 9.9
Industry value added (% of GDP) 37.1 35.3
Manufacturing value added (% of GDP) 21.1 20.0
Services value added (% of GDP) 52.2 54.7
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 32.1 28.3
Imports of goods and services (% of GDP) 29.7 28.0
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 57 35
Procedures to start a business (number) 10 8
Firing cost (weeks of wages) 56.4 55.4
Resolving insolvency (years) 3.4 3.2
Total tax rate (% of commercial profits) 56.6 47.4
Profit tax (% of commercial profits) .. 17.0
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   1.6
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 326,012 697,912
Private foreign direct investment, net (% of GDP) 3.3 2.6
Gross fixed capital formation (% of GDP) 25.0 27.0
Gross fixed private capital formation (% of GDP) 16.0 18.2
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –1.5 ..
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 65.1 86.3
Total financial system deposits (% of GDP) 41.1 51.3
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) 7.1 3.9
Domestic credit to the private sector (% of GDP) 53.3 72.9
Real interest rate (%)    
Interest rate spread (percentage points) 7.8 7.3
   
Infrastructure    
Paved roads (% of total roads) 29.3 44.8
Electric power consumption (kWh per capita) 1,255 1,525
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 23.9 71.8
Internet users (per 100 people) 7.0 21.5

14 2012 The Little Data Book on Private Sector Development


High income
2005 2010
Economic and social context
Population (millions) 1,086.6 1,127.4
Labor force (millions) 527.3 550.9
Unemployment rate (% of labor force) 6.7 8.5
GNI per capita, World Bank Atlas method ($) 33,982 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.2 0.6
Agriculture value added (% of GDP) 1.5 1.3
Industry value added (% of GDP) 26.2 23.6
Manufacturing value added (% of GDP) 16.9 14.8
Services value added (% of GDP) 72.2 75.1
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 25.7 27.8
Imports of goods and services (% of GDP) 26.4 28.0
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 27 17
Procedures to start a business (number) 8 6
Firing cost (weeks of wages) 38.3 38.4
Resolving insolvency (years) 2.3 2.1
Total tax rate (% of commercial profits) 42.7 37.4
Profit tax (% of commercial profits) .. 13.0
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. ..
Private foreign direct investment, net (% of GDP) 2.5 2.1
Gross fixed capital formation (% of GDP) 20.5 17.9
Gross fixed private capital formation (% of GDP) .. ..
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –1.9 –7.5
Government debt (% of GDP) 47.0 58.2
Deposit money banks’ assets (% of GDP) 122.8 139.2
Total financial system deposits (% of GDP) 93.9 108.8
Bank capital to asset ratio (%) 6.8 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.9 4.1
Domestic credit to the private sector (% of GDP) 153.4 164.0
Real interest rate (%)    
Interest rate spread (percentage points) 3.8 ..
   
Infrastructure    
Paved roads (% of total roads) 87.4 81.1
Electric power consumption (kWh per capita) 9,399 9,064
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 83.9 110.5
Internet users (per 100 people) 59.1 73.4

The Little Data Book on Private Sector Development 2012 15


Euro area
2005 2010
Economic and social context
Population (millions) 324.2 331.8
Labor force (millions) 153.8 159.6
Unemployment rate (% of labor force) 9.0 10.0
GNI per capita, World Bank Atlas method ($) 31,697 38,565
GDP growth, 2000–05 and 2005–10 (average annual %) 1.4 0.5
Agriculture value added (% of GDP) 1.8 1.5
Industry value added (% of GDP) 26.4 26.2
Manufacturing value added (% of GDP) 18.3 15.5
Services value added (% of GDP) 71.6 72.0
Inflation (annual % change in consumer price index)    
Exchange rate (local currency units per $)    
Exports of goods and services (% of GDP) 38.0 40.6
Imports of goods and services (% of GDP) 36.3 39.2
   
Business environment    
Ease of doing business index (ranking 1–183; 1=best)    
Time to start a business (days) 29 12
Procedures to start a business (number) 8 6
Firing cost (weeks of wages) 32.2 36.4
Resolving insolvency (years) 1.7 1.7
Total tax rate (% of commercial profits) 52.7 44.5
Profit tax (% of commercial profits) .. 11.8
New businesses registered (thousands)    
New business density (new regis. per 1,000 working-age pop.)   5.1
Enterprise surveys    
Time dealing with gov’t officials (% of management time)    
Firms expected to give gifts in meetings with tax officials (%)    
Firms using banks to finance investments (% of firms)    
Delay in obtaining an electrical connection (days)    
ISO certification ownership (% of firms)    
   
Private sector investment    
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. ..
Private foreign direct investment, net (% of GDP) 4.3 3.3
Gross fixed capital formation (% of GDP) 20.2 19.0
Gross fixed private capital formation (% of GDP) .. ..
   
Finance and banking    
Government cash surplus or deficit (% of GDP) –2.1 –5.2
Government debt (% of GDP) 59.5 70.5
Deposit money banks’ assets (% of GDP) 126.2 155.3
Total financial system deposits (% of GDP) 85.4 109.3
Bank capital to asset ratio (%) 5.9 6.2
Bank nonperforming loans to total gross loans ratio (%) 2.3 4.4
Domestic credit to the private sector (% of GDP) 109.3 133.6
Real interest rate (%)    
Interest rate spread (percentage points) 3.5 ..
   
Infrastructure    
Paved roads (% of total roads) 91.8 87.3
Electric power consumption (kWh per capita) 6,840 6,592
Power outages in firms a typical month (number)    
Mobile cellular subscriptions (per 100 people) 97.6 122.4
Internet users (per 100 people) 51.2 71.2

16 2012 The Little Data Book on Private Sector Development


Country tables
China

Data for China do not include data for Hong Kong SAR, China; Macao SAR,
China; or Taiwan, China.

Cyprus

GNI and GDP data and data calculated using GNI and GDP refer to the area
controlled by the government of the Republic of Cyprus.

Georgia

GNI and GDP data and data calculated using GNI and GDP exclude Abkhazia
and South Ossetia.

Kosovo, Montenegro, and Serbia

Montenegro declared independence from Serbia and Montenegro on June 3,


2006. Where available, data for each country are shown separately. However,
some indicators for Serbia prior to 2006 include data for Montenegro.
Moreover, data for most indicators for Serbia from 1999 onward exclude
data for Kosovo, which in 1999 became a territory under international
administration pursuant to UN Security Council Resolution 1244 (1999).
Kosovo became a member of the World Bank on June 29, 2009, and its
data are shown where available.

Moldova

GNI and GDP data and data calculated using GNI and GDP exclude Transnistria.

Morocco

GNI and GDP data and data calculated using GNI and GDP include Former
Spanish Sahara.

Netherlands Antilles

Netherlands Antilles ceased to exist on October 10, 2010. Curacao and St.
Maarten became countries within the Kingdom of Netherlands. Bonaire,
St. Eustatius, and Saba became special municipalities of the Netherlands.

South Sudan and Sudan

Data are shown separately for South Sudan where available. However, data
reported for Sudan include South Sudan unless otherwise noted.

Tanzania

GNI and GDP data and data calculated using GNI and GDP refer to mainland
Tanzania only.

For more information, see World Development Indicators 2012 or data.


worldbank.org.

The Little Data Book on Private Sector Development 2012 17


Afghanistan
South Asia Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 29.9 34.4 796
Labor force (millions) 7.6 9.1 364
Unemployment rate (% of labor force) 8.5 .. ..
GNI per capita, World Bank Atlas method ($) 230 410 530
GDP growth, 2000–05 and 2005–10 (average annual %) 12.4 10.7 5.7
Agriculture value added (% of GDP) 39.5 29.9 25.6
Industry value added (% of GDP) 25.3 22.2 25.6
Manufacturing value added (% of GDP) 15.7 13.1 14.2
Services value added (% of GDP) 35.2 47.9 48.8
Inflation (annual % change in consumer price index) 12.7 0.9
Exchange rate (local currency units per $) 49.5 46.5
Exports of goods and services (% of GDP) 25.2 15.5 20.8
Imports of goods and services (% of GDP) 71.3 53.6 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 160
Time to start a business (days) 9 7 33
Procedures to start a business (number) 4 4 8
Firing cost (weeks of wages) 30.0 30.0 63.5
Resolving insolvency (years) 2.0 2.0 3.7
Total tax rate (% of commercial profits) 36.4 36.4 67.8
Profit tax (% of commercial profits) .. 0.0 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 6.8
Firms expected to give gifts in meetings with tax officials (%) .. 28.8
Firms using banks to finance investments (% of firms) .. 1.4
Delay in obtaining an electrical connection (days) .. 45.8
ISO certification ownership (% of firms) .. 8.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 468 1,040 21,616
Private foreign direct investment, net (% of GDP) 4.0 0.4 3.2
Gross fixed capital formation (% of GDP) 31.3 16.3 22.4
Gross fixed private capital formation (% of GDP) 8.7 7.4 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.9 1.4 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 34.8
Total financial system deposits (% of GDP) .. .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 4.4 10.5 29.7
Real interest rate (%) 15.2 11.6
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 27.5 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. 20.3
Mobile cellular subscriptions (per 100 people) 4.0 37.8 33.1
Internet users (per 100 people) 1.1 3.7 5.6

18 2012 The Little Data Book on Private Sector Development


Albania
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.1 3.2 2,452
Labor force (millions) 1.4 1.5 1,314
Unemployment rate (% of labor force) 13.5 13.8 5.8
GNI per capita, World Bank Atlas method ($) 2,580 3,960 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.3 5.3 6.3
Agriculture value added (% of GDP) 22.8 20.2 7.4
Industry value added (% of GDP) 21.5 19.3 36.8
Manufacturing value added (% of GDP) 19.7 19.3 21.3
Services value added (% of GDP) 55.7 60.5 55.8
Inflation (annual % change in consumer price index) 2.4 3.6
Exchange rate (local currency units per $) 99.9 103.9
Exports of goods and services (% of GDP) 22.3 29.8 28.8
Imports of goods and services (% of GDP) 46.3 51.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 82
Time to start a business (days) 41 5 38
Procedures to start a business (number) 11 5 8
Firing cost (weeks of wages) 56.0 56.0 41.4
Resolving insolvency (years) 2.0 2.0 2.8
Total tax rate (% of commercial profits) 58.2 38.5 41.9
Profit tax (% of commercial profits) .. 8.7 17.0
New businesses registered (thousands) 1.2 2.0
New business density (new regis. per 1,000 working-age pop.) 0.5 0.8 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.9 ..
Firms expected to give gifts in meetings with tax officials (%) 82.0 ..
Firms using banks to finance investments (% of firms) 37.0 ..
Delay in obtaining an electrical connection (days) 25.6 ..
ISO certification ownership (% of firms) 19.8 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,676 1,471 259,433
Private foreign direct investment, net (% of GDP) 3.1 9.4 2.7
Gross fixed capital formation (% of GDP) 23.6 25.9 27.5
Gross fixed private capital formation (% of GDP) 19.0 20.4 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.0 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 42.1 61.6 94.3
Total financial system deposits (% of GDP) 52.1 57.6 51.2
Bank capital to asset ratio (%) 5.4 8.5 10.4
Bank nonperforming loans to total gross loans ratio (%) 2.3 13.9 3.7
Domestic credit to the private sector (% of GDP) 14.9 38.0 83.2
Real interest rate (%) 9.3 9.0
Interest rate spread (percentage points) 8.0 6.4 5.8
   
Infrastructure      
Paved roads (% of total roads) 39.0 .. 57.6
Electric power consumption (kWh per capita) 1,209 1,747 2,714
Power outages in firms a typical month (number) 37.8 ..
Mobile cellular subscriptions (per 100 people) 48.7 141.9 84.5
Internet users (per 100 people) 6.0 45.0 34.1

The Little Data Book on Private Sector Development 2012 19


Algeria
Middle East & North Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 32.9 35.5 2,452
Labor force (millions) 10.0 11.2 1,314
Unemployment rate (% of labor force) 15.3 11.4 5.8
GNI per capita, World Bank Atlas method ($) 2,720 4,390 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.1 2.6 6.3
Agriculture value added (% of GDP) 8.2 6.9 7.4
Industry value added (% of GDP) 61.3 62.1 36.8
Manufacturing value added (% of GDP) 5.9 5.6 21.3
Services value added (% of GDP) 30.5 31.0 55.8
Inflation (annual % change in consumer price index) 1.4 3.9
Exchange rate (local currency units per $) 73.3 74.4
Exports of goods and services (% of GDP) 47.6 30.8 28.8
Imports of goods and services (% of GDP) 24.3 21.5 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 148
Time to start a business (days) 25 25 38
Procedures to start a business (number) 14 14 8
Firing cost (weeks of wages) 17.0 17.0 41.4
Resolving insolvency (years) 2.5 2.5 2.8
Total tax rate (% of commercial profits) 76.9 72.0 41.9
Profit tax (% of commercial profits) .. 6.6 17.0
New businesses registered (thousands) 10.3 10.5
New business density (new regis. per 1,000 working-age pop.) 0.5 0.4 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 25.1 ..
Firms expected to give gifts in meetings with tax officials (%) 15.0 ..
Firms using banks to finance investments (% of firms) 8.9 ..
Delay in obtaining an electrical connection (days) 49.1 ..
ISO certification ownership (% of firms) 5.0 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 5,015 6,323 259,433
Private foreign direct investment, net (% of GDP) 1.1 1.4 2.7
Gross fixed capital formation (% of GDP) 22.3 38.3 27.5
Gross fixed private capital formation (% of GDP) 11.5 10.2 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 13.2 –4.5 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 33.6 33.3 94.3
Total financial system deposits (% of GDP) 37.8 43.9 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 12.1 15.6 83.2
Real interest rate (%) –7.3 –7.1
Interest rate spread (percentage points) 6.1 6.3 5.8
   
Infrastructure      
Paved roads (% of total roads) 70.2 74.0 57.6
Electric power consumption (kWh per capita) 898 971 2,714
Power outages in firms a typical month (number) 4.8 ..
Mobile cellular subscriptions (per 100 people) 41.5 92.4 84.5
Internet users (per 100 people) 5.8 12.5 34.1

20 2012 The Little Data Book on Private Sector Development


American Samoa
East Asia & Pacific Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.06 0.07 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) .. .. 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 6.3
Agriculture value added (% of GDP) .. .. 7.4
Industry value added (% of GDP) .. .. 36.8
Manufacturing value added (% of GDP) .. .. 21.3
Services value added (% of GDP) .. .. 55.8
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 28.8
Imports of goods and services (% of GDP) .. .. 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 38
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 41.4
Resolving insolvency (years) .. .. 2.8
Total tax rate (% of commercial profits) .. .. 41.9
Profit tax (% of commercial profits) .. .. 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 259,433
Private foreign direct investment, net (% of GDP) .. .. 2.7
Gross fixed capital formation (% of GDP) .. .. 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 94.3
Total financial system deposits (% of GDP) .. .. 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) .. .. 83.2
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 3.6 .. 84.5
Internet users (per 100 people) .. .. 34.1

The Little Data Book on Private Sector Development 2012 21


Andorra
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.08 0.08 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) 32,650 41,750 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 7.1 3.7 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 82.9 77.2 110.5
Internet users (per 100 people) 37.6 81.0 73.4

22 2012 The Little Data Book on Private Sector Development


Angola
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 16.5 19.1 2,519
Labor force (millions) 6.1 7.1 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 1,330 3,960 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 9.9 12.1 6.4
Agriculture value added (% of GDP) 7.7 9.9 17.0
Industry value added (% of GDP) 72.6 62.5 31.3
Manufacturing value added (% of GDP) 3.5 5.8 16.4
Services value added (% of GDP) 19.8 27.6 51.7
Inflation (annual % change in consumer price index) 23.0 14.5
Exchange rate (local currency units per $) 87.2 91.9
Exports of goods and services (% of GDP) 79.3 56.8 27.6
Imports of goods and services (% of GDP) 49.4 43.3 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 172
Time to start a business (days) 119 68 34
Procedures to start a business (number) 12 8 8
Firing cost (weeks of wages) 58.0 58.0 63.9
Resolving insolvency (years) 6.2 6.2 3.3
Total tax rate (% of commercial profits) 53.2 53.2 40.4
Profit tax (% of commercial profits) .. 24.6 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 7.1 12.2
Firms expected to give gifts in meetings with tax officials (%) 14.8 34.2
Firms using banks to finance investments (% of firms) 2.1 13.1
Delay in obtaining an electrical connection (days) 60.2 7.7
ISO certification ownership (% of firms) 5.1 21.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 324 1,725 301,804
Private foreign direct investment, net (% of GDP) –4.3 –3.8 2.1
Gross fixed capital formation (% of GDP) 8.1 14.5 25.7
Gross fixed private capital formation (% of GDP) 3.0 2.4 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 9.0 26.0 58.0
Total financial system deposits (% of GDP) 12.4 20.2 52.1
Bank capital to asset ratio (%) 9.0 .. ..
Bank nonperforming loans to total gross loans ratio (%) 10.4 .. ..
Domestic credit to the private sector (% of GDP) 5.1 20.3 40.1
Real interest rate (%) 25.2 –0.5
Interest rate spread (percentage points) 54.3 9.8 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 129 202 644
Power outages in firms a typical month (number) 7.6 5.4
Mobile cellular subscriptions (per 100 people) 9.8 46.7 71.7
Internet users (per 100 people) 1.1 10.0 13.5

The Little Data Book on Private Sector Development 2012 23


Antigua and Barbuda
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.08 0.09 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 12,000 13,280 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.4 0.8 6.3
Agriculture value added (% of GDP) 2.0 1.9 7.4
Industry value added (% of GDP) 16.7 18.8 36.8
Manufacturing value added (% of GDP) 2.1 1.8 21.3
Services value added (% of GDP) 81.2 79.3 55.8
Inflation (annual % change in consumer price index) 2.1 3.4
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 48.7 44.1 28.8
Imports of goods and services (% of GDP) 65.6 53.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 57
Time to start a business (days) 31 21 38
Procedures to start a business (number) 8 8 8
Firing cost (weeks of wages) 52.0 52.0 41.4
Resolving insolvency (years) 3.0 3.0 2.8
Total tax rate (% of commercial profits) 52.1 41.5 41.9
Profit tax (% of commercial profits) .. 26.0 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 6 259,433
Private foreign direct investment, net (% of GDP) 21.6 8.0 2.7
Gross fixed capital formation (% of GDP) 35.9 17.8 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 88.1 102.1 94.3
Total financial system deposits (% of GDP) 105.9 103.9 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 60.3 75.3 83.2
Real interest rate (%) 4.8 8.9
Interest rate spread (percentage points) 7.5 7.6 5.8
   
Infrastructure      
Paved roads (% of total roads) 33.0 .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 102.5 190.9 84.5
Internet users (per 100 people) 34.7 80.6 34.1

24 2012 The Little Data Book on Private Sector Development


Argentina
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 38.7 40.4 2,452
Labor force (millions) 17.7 18.4 1,314
Unemployment rate (% of labor force) 10.6 8.6 5.8
GNI per capita, World Bank Atlas method ($) 4,460 8,620 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 2.2 6.4 6.3
Agriculture value added (% of GDP) 9.4 10.0 7.4
Industry value added (% of GDP) 35.6 30.9 36.8
Manufacturing value added (% of GDP) 23.2 20.5 21.3
Services value added (% of GDP) 55.0 59.1 55.8
Inflation (annual % change in consumer price index) 9.6 10.8
Exchange rate (local currency units per $) 2.9 3.9
Exports of goods and services (% of GDP) 25.1 21.7 28.8
Imports of goods and services (% of GDP) 19.2 18.4 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 113
Time to start a business (days) 30 26 38
Procedures to start a business (number) 13 14 8
Firing cost (weeks of wages) 165.0 95.0 41.4
Resolving insolvency (years) 2.8 2.8 2.8
Total tax rate (% of commercial profits) 108.1 108.2 41.9
Profit tax (% of commercial profits) .. 2.8 17.0
New businesses registered (thousands) 13.5 11.9
New business density (new regis. per 1,000 working-age pop.) 0.5 0.5 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 14.1 20.8
Firms expected to give gifts in meetings with tax officials (%) 4.3 8.7
Firms using banks to finance investments (% of firms) 6.9 30.3
Delay in obtaining an electrical connection (days) 46.2 54.2
ISO certification ownership (% of firms) 26.9 18.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 10,659 11,198 259,433
Private foreign direct investment, net (% of GDP) 2.9 1.9 2.7
Gross fixed capital formation (% of GDP) 21.5 22.0 27.5
Gross fixed private capital formation (% of GDP) 19.1 .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.5 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 30.3 24.8 94.3
Total financial system deposits (% of GDP) 23.2 21.4 51.2
Bank capital to asset ratio (%) 12.9 11.9 10.4
Bank nonperforming loans to total gross loans ratio (%) 5.2 1.8 3.7
Domestic credit to the private sector (% of GDP) 11.7 14.6 83.2
Real interest rate (%) –2.5 –4.2
Interest rate spread (percentage points) 2.4 1.4 5.8
   
Infrastructure      
Paved roads (% of total roads) 30.0 .. 57.6
Electric power consumption (kWh per capita) 2,422 2,759 2,714
Power outages in firms a typical month (number) 1.0 2.7
Mobile cellular subscriptions (per 100 people) 57.3 141.8 84.5
Internet users (per 100 people) 17.7 36.0 34.1

The Little Data Book on Private Sector Development 2012 25


Armenia
Europe & Central Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.1 3.1 2,519
Labor force (millions) 1.4 1.4 994
Unemployment rate (% of labor force) 28.4 28.6 ..
GNI per capita, World Bank Atlas method ($) 1,470 3,200 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 12.3 3.3 6.4
Agriculture value added (% of GDP) 20.9 19.6 17.0
Industry value added (% of GDP) 45.3 36.0 31.3
Manufacturing value added (% of GDP) 14.8 10.7 16.4
Services value added (% of GDP) 33.8 44.5 51.7
Inflation (annual % change in consumer price index) 0.6 8.2
Exchange rate (local currency units per $) 457.7 373.7
Exports of goods and services (% of GDP) 28.8 20.6 27.6
Imports of goods and services (% of GDP) 43.2 44.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 55
Time to start a business (days) 18 8 34
Procedures to start a business (number) 9 3 8
Firing cost (weeks of wages) 17.0 13.0 63.9
Resolving insolvency (years) 1.9 1.9 3.3
Total tax rate (% of commercial profits) 38.7 40.9 40.4
Profit tax (% of commercial profits) .. 16.8 16.0
New businesses registered (thousands) 2.5 2.7
New business density (new regis. per 1,000 working-age pop.) 1.2 1.3 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.1 10.3
Firms expected to give gifts in meetings with tax officials (%) 70.5 13.3
Firms using banks to finance investments (% of firms) 44.6 31.9
Delay in obtaining an electrical connection (days) 2.5 16.3
ISO certification ownership (% of firms) 6.3 26.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 454 1,429 301,804
Private foreign direct investment, net (% of GDP) 4.9 6.1 2.1
Gross fixed capital formation (% of GDP) 29.8 33.1 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.0 –4.9 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 9.5 27.8 58.0
Total financial system deposits (% of GDP) 9.8 16.9 52.1
Bank capital to asset ratio (%) 21.5 20.4 ..
Bank nonperforming loans to total gross loans ratio (%) 1.9 3.0 ..
Domestic credit to the private sector (% of GDP) 8.0 26.5 40.1
Real interest rate (%) 14.3 9.2
Interest rate spread (percentage points) 12.2 10.3 8.7
   
Infrastructure      
Paved roads (% of total roads) 90.0 93.6 48.6
Electric power consumption (kWh per capita) 1,479 1,550 644
Power outages in firms a typical month (number) .. 2.2
Mobile cellular subscriptions (per 100 people) 10.4 125.0 71.7
Internet users (per 100 people) 5.3 44.0 13.5

26 2012 The Little Data Book on Private Sector Development


Aruba
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.10 0.11 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 5.7 .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) –0.8 .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) 3.4 2.1
Exchange rate (local currency units per $) 1.8 1.8
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 13.7 .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 57.7 65.6 139.2
Total financial system deposits (% of GDP) 54.3 69.2 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 57.0 .. 164.0
Real interest rate (%) 9.8 ..
Interest rate spread (percentage points) 7.6 8.1 ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 102.4 122.0 110.5
Internet users (per 100 people) 25.4 41.8 73.4

The Little Data Book on Private Sector Development 2012 27


Australia
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 20.4 22.3 1,127
Labor force (millions) 10.6 11.8 551
Unemployment rate (% of labor force) 5.0 5.2 8.5
GNI per capita, World Bank Atlas method ($) 30,440 46,200 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.4 2.9 0.6
Agriculture value added (% of GDP) 3.3 2.3 1.3
Industry value added (% of GDP) 26.8 19.8 23.6
Manufacturing value added (% of GDP) 11.8 9.3 14.8
Services value added (% of GDP) 70.0 77.9 75.1
Inflation (annual % change in consumer price index) 2.7 2.8
Exchange rate (local currency units per $) 1.3 1.1
Exports of goods and services (% of GDP) 18.0 19.8 27.8
Imports of goods and services (% of GDP) 20.6 20.1 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 15
Time to start a business (days) 2 2 17
Procedures to start a business (number) 2 2 6
Firing cost (weeks of wages) 4.0 4.0 38.4
Resolving insolvency (years) 1.0 1.0 2.1
Total tax rate (% of commercial profits) 52.8 47.7 37.4
Profit tax (% of commercial profits) .. 26.0 13.0
New businesses registered (thousands) 88.3 ..
New business density (new regis. per 1,000 working-age pop.) 6.4 .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) –5.1 2.7 2.1
Gross fixed capital formation (% of GDP) 26.8 28.0 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.3 –2.4 –7.5
Government debt (% of GDP) 22.3 24.1 58.2
Deposit money banks’ assets (% of GDP) 104.8 127.1 139.2
Total financial system deposits (% of GDP) 72.6 97.6 108.8
Bank capital to asset ratio (%) 5.2 5.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.2 2.2 4.1
Domestic credit to the private sector (% of GDP) 108.3 131.1 164.0
Real interest rate (%) 4.9 7.2
Interest rate spread (percentage points) 5.2 3.1 ..
   
Infrastructure      
Paved roads (% of total roads) 41.6 43.5 81.1
Electric power consumption (kWh per capita) 11,120 11,113 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 90.3 100.9 110.5
Internet users (per 100 people) 63.0 75.9 73.4

28 2012 The Little Data Book on Private Sector Development


Austria
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 8.2 8.4 1,127
Labor force (millions) 4.1 4.3 551
Unemployment rate (% of labor force) 5.2 4.4 8.5
GNI per capita, World Bank Atlas method ($) 37,210 47,030 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.7 1.1 0.6
Agriculture value added (% of GDP) 1.6 1.5 1.3
Industry value added (% of GDP) 29.3 29.1 23.6
Manufacturing value added (% of GDP) 19.4 19.1 14.8
Services value added (% of GDP) 69.1 69.4 75.1
Inflation (annual % change in consumer price index) 2.3 1.8
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 53.8 54.0 27.8
Imports of goods and services (% of GDP) 49.9 49.7 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 32
Time to start a business (days) 28 28 17
Procedures to start a business (number) 8 8 6
Firing cost (weeks of wages) 2.0 2.0 38.4
Resolving insolvency (years) 1.1 1.1 2.1
Total tax rate (% of commercial profits) 58.6 53.1 37.4
Profit tax (% of commercial profits) .. 15.0 13.0
New businesses registered (thousands) 3.6 3.2
New business density (new regis. per 1,000 working-age pop.) 0.6 0.6 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 26.8 –6.8 2.1
Gross fixed capital formation (% of GDP) 21.9 20.5 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.0 –2.6 –7.5
Government debt (% of GDP) 67.5 70.5 58.2
Deposit money banks’ assets (% of GDP) 129.6 136.1 139.2
Total financial system deposits (% of GDP) 89.1 96.9 108.8
Bank capital to asset ratio (%) 4.8 7.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.6 2.8 4.1
Domestic credit to the private sector (% of GDP) 115.6 122.4 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 7,978 7,944 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 105.3 145.9 110.5
Internet users (per 100 people) 58.0 72.7 73.4

The Little Data Book on Private Sector Development 2012 29


Azerbaijan
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 8.4 9.1 2,452
Labor force (millions) 4.0 4.6 1,314
Unemployment rate (% of labor force) 8.1 6.0 5.8
GNI per capita, World Bank Atlas method ($) 1,270 5,330 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 12.7 15.8 6.3
Agriculture value added (% of GDP) 9.9 5.8 7.4
Industry value added (% of GDP) 63.6 64.7 36.8
Manufacturing value added (% of GDP) 7.0 5.8 21.3
Services value added (% of GDP) 26.5 29.5 55.8
Inflation (annual % change in consumer price index) 9.7 5.7
Exchange rate (local currency units per $) 0.9 0.8
Exports of goods and services (% of GDP) 62.9 55.1 28.8
Imports of goods and services (% of GDP) 52.9 20.4 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 66
Time to start a business (days) 113 8 38
Procedures to start a business (number) 13 6 8
Firing cost (weeks of wages) 22.0 22.0 41.4
Resolving insolvency (years) 2.7 2.7 2.8
Total tax rate (% of commercial profits) 46.4 40.0 41.9
Profit tax (% of commercial profits) .. 12.9 17.0
New businesses registered (thousands) 5.5 5.3
New business density (new regis. per 1,000 working-age pop.) 1.0 0.9 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.2 3.0
Firms expected to give gifts in meetings with tax officials (%) 68.4 43.2
Firms using banks to finance investments (% of firms) 0.4 19.0
Delay in obtaining an electrical connection (days) 2.0 9.7
ISO certification ownership (% of firms) 10.3 18.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 731 1,408 259,433
Private foreign direct investment, net (% of GDP) 12.7 1.1 2.7
Gross fixed capital formation (% of GDP) 41.3 17.0 27.5
Gross fixed private capital formation (% of GDP) 37.5 5.9 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. 0.3 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 11.5 22.9 94.3
Total financial system deposits (% of GDP) 10.0 12.1 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) 21.5 .. 3.7
Domestic credit to the private sector (% of GDP) 9.5 18.3 83.2
Real interest rate (%) 0.8 8.5
Interest rate spread (percentage points) 8.5 9.1 5.8
   
Infrastructure      
Paved roads (% of total roads) 50.6 .. 57.6
Electric power consumption (kWh per capita) 2,407 1,620 2,714
Power outages in firms a typical month (number) .. 2.9
Mobile cellular subscriptions (per 100 people) 26.7 100.5 84.5
Internet users (per 100 people) 8.2 46.7 34.1

30 2012 The Little Data Book on Private Sector Development


Bahamas, The
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.32 0.34 1,127
Labor force (millions) 0.17 0.20 551
Unemployment rate (% of labor force) 10.2 14.2 8.5
GNI per capita, World Bank Atlas method ($) 24,410 22,240 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.3 –0.8 0.6
Agriculture value added (% of GDP) 2.2 2.0 1.3
Industry value added (% of GDP) 15.4 14.4 23.6
Manufacturing value added (% of GDP) 4.5 4.3 14.8
Services value added (% of GDP) 82.4 83.6 75.1
Inflation (annual % change in consumer price index) 1.6 1.3
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) 45.2 42.0 27.8
Imports of goods and services (% of GDP) 48.0 51.2 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 85
Time to start a business (days) 31 31 17
Procedures to start a business (number) 7 7 6
Firing cost (weeks of wages) 26.0 26.0 38.4
Resolving insolvency (years) 5.0 5.0 2.1
Total tax rate (% of commercial profits) 46.1 47.7 37.4
Profit tax (% of commercial profits) .. 0.0 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 3.9
Firms expected to give gifts in meetings with tax officials (%) .. 10.9
Firms using banks to finance investments (% of firms) .. 14.6
Delay in obtaining an electrical connection (days) .. 14.8
ISO certification ownership (% of firms) .. 31.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.3 11.2 2.1
Gross fixed capital formation (% of GDP) 24.2 20.5 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.4 –3.2 –7.5
Government debt (% of GDP) 30.0 44.2 58.2
Deposit money banks’ assets (% of GDP) 79.7 97.4 139.2
Total financial system deposits (% of GDP) 67.4 75.2 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 64.3 85.4 164.0
Real interest rate (%) 0.5 8.0
Interest rate spread (percentage points) 2.3 2.1 ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. 3.1
Mobile cellular subscriptions (per 100 people) 71.3 124.9 110.5
Internet users (per 100 people) 25.0 43.0 73.4

The Little Data Book on Private Sector Development 2012 31


Bahrain
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.72 1.3 1,127
Labor force (millions) 0.34 0.71 551
Unemployment rate (% of labor force) 9.0 .. 8.5
GNI per capita, World Bank Atlas method ($) 17,400 18,730 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 6.1 7.2 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) 2.6 2.0
Exchange rate (local currency units per $) 0.4 0.4
Exports of goods and services (% of GDP) 99.5 96.8 27.8
Imports of goods and services (% of GDP) 76.4 74.3 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 38
Time to start a business (days) 9 9 17
Procedures to start a business (number) 7 7 6
Firing cost (weeks of wages) 4.0 4.0 38.4
Resolving insolvency (years) 2.5 2.5 2.1
Total tax rate (% of commercial profits) 15.0 15.0 37.4
Profit tax (% of commercial profits) .. 0.0 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.8 1.2 2.1
Gross fixed capital formation (% of GDP) 23.0 31.9 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 7.6 .. –7.5
Government debt (% of GDP) 23.6 .. 58.2
Deposit money banks’ assets (% of GDP) 62.6 94.6 139.2
Total financial system deposits (% of GDP) 64.6 86.2 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 51.8 79.6 164.0
Real interest rate (%) –3.0 –3.0
Interest rate spread (percentage points) 4.7 6.0 ..
   
Infrastructure      
Paved roads (% of total roads) 80.3 82.1 81.1
Electric power consumption (kWh per capita) 11,667 9,214 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 105.8 124.2 110.5
Internet users (per 100 people) 21.3 55.0 73.4

32 2012 The Little Data Book on Private Sector Development


Bangladesh
South Asia Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 140.6 148.7 796
Labor force (millions) 65.2 72.3 364
Unemployment rate (% of labor force) 4.3 5.0 ..
GNI per capita, World Bank Atlas method ($) 480 700 530
GDP growth, 2000–05 and 2005–10 (average annual %) 5.4 6.2 5.7
Agriculture value added (% of GDP) 20.1 18.6 25.6
Industry value added (% of GDP) 27.2 28.5 25.6
Manufacturing value added (% of GDP) 16.5 17.9 14.2
Services value added (% of GDP) 52.6 53.0 48.8
Inflation (annual % change in consumer price index) 7.0 8.1
Exchange rate (local currency units per $) 64.3 69.6
Exports of goods and services (% of GDP) 16.6 18.4 20.8
Imports of goods and services (% of GDP) 23.0 25.0 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 122
Time to start a business (days) 50 19 33
Procedures to start a business (number) 8 7 8
Firing cost (weeks of wages) 104.0 104.0 63.5
Resolving insolvency (years) 4.0 4.0 3.7
Total tax rate (% of commercial profits) 35.3 35.0 67.8
Profit tax (% of commercial profits) .. 25.7 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.2 ..
Firms expected to give gifts in meetings with tax officials (%) 54.4 ..
Firms using banks to finance investments (% of firms) 24.7 ..
Delay in obtaining an electrical connection (days) 50.3 ..
ISO certification ownership (% of firms) 7.8 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,796 4,591 21,616
Private foreign direct investment, net (% of GDP) 1.3 0.9 3.2
Gross fixed capital formation (% of GDP) 24.5 24.4 22.4
Gross fixed private capital formation (% of GDP) 18.3 19.4 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.1 –1.7 ..
Government debt (% of GDP) 36.2 .. ..
Deposit money banks’ assets (% of GDP) 49.9 63.2 34.8
Total financial system deposits (% of GDP) 39.8 51.7 31.7
Bank capital to asset ratio (%) 4.7 6.5 ..
Bank nonperforming loans to total gross loans ratio (%) 13.2 11.2 ..
Domestic credit to the private sector (% of GDP) 33.8 47.1 29.7
Real interest rate (%) 8.5 6.1
Interest rate spread (percentage points) 5.9 5.9 9.8
   
Infrastructure      
Paved roads (% of total roads) 9.5 .. 20.7
Electric power consumption (kWh per capita) 175 252 229
Power outages in firms a typical month (number) 101.6 ..
Mobile cellular subscriptions (per 100 people) 6.4 46.2 33.1
Internet users (per 100 people) 0.2 3.7 5.6

The Little Data Book on Private Sector Development 2012 33


Barbados
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.27 0.27 1,127
Labor force (millions) 0.15 0.16 551
Unemployment rate (% of labor force) 9.1 8.1 8.5
GNI per capita, World Bank Atlas method ($) 11,000 12,660 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 0.2 –0.2 0.6
Agriculture value added (% of GDP) 3.8 3.0 1.3
Industry value added (% of GDP) 18.4 23.2 23.6
Manufacturing value added (% of GDP) 7.3 .. 14.8
Services value added (% of GDP) 77.9 73.8 75.1
Inflation (annual % change in consumer price index) 6.1 5.8
Exchange rate (local currency units per $) 2.0 2.0
Exports of goods and services (% of GDP) 59.4 47.3 27.8
Imports of goods and services (% of GDP) 69.3 52.4 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.9 16.3 2.1
Gross fixed capital formation (% of GDP) 24.0 14.6 17.9
Gross fixed private capital formation (% of GDP) 24.0 .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –10.4 –5.6 –7.5
Government debt (% of GDP) 91.6 92.7 58.2
Deposit money banks’ assets (% of GDP) 98.4 114.1 139.2
Total financial system deposits (% of GDP) 108.5 130.3 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 92.5 102.9 164.0
Real interest rate (%) 5.9 5.6
Interest rate spread (percentage points) 6.0 6.0 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 76.2 127.8 110.5
Internet users (per 100 people) 56.1 70.0 73.4

34 2012 The Little Data Book on Private Sector Development


Belarus
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.8 9.5 2,452
Labor force (millions) 4.7 4.5 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 2,780 5,950 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 7.6 7.1 6.3
Agriculture value added (% of GDP) 9.8 9.2 7.4
Industry value added (% of GDP) 41.8 43.9 36.8
Manufacturing value added (% of GDP) 33.1 31.2 21.3
Services value added (% of GDP) 48.5 46.9 55.8
Inflation (annual % change in consumer price index) 10.3 7.7
Exchange rate (local currency units per $) 2,153.8 2,978.5
Exports of goods and services (% of GDP) 59.8 54.6 28.8
Imports of goods and services (% of GDP) 59.1 68.3 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 69
Time to start a business (days) 79 5 38
Procedures to start a business (number) 16 5 8
Firing cost (weeks of wages) 22.0 22.0 41.4
Resolving insolvency (years) 5.8 5.8 2.8
Total tax rate (% of commercial profits) 137.5 62.8 41.9
Profit tax (% of commercial profits) .. 20.2 17.0
New businesses registered (thousands) 1.6 5.5
New business density (new regis. per 1,000 working-age pop.) 0.2 0.8 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.1 13.6
Firms expected to give gifts in meetings with tax officials (%) 26.4 6.4
Firms using banks to finance investments (% of firms) 18.9 35.8
Delay in obtaining an electrical connection (days) 15.3 15.2
ISO certification ownership (% of firms) 11.0 13.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 735 5,143 259,433
Private foreign direct investment, net (% of GDP) 1.0 2.6 2.7
Gross fixed capital formation (% of GDP) 26.5 38.7 27.5
Gross fixed private capital formation (% of GDP) 22.6 34.6 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.2 –1.5 ..
Government debt (% of GDP) 6.6 18.7 ..
Deposit money banks’ assets (% of GDP) 20.8 52.9 94.3
Total financial system deposits (% of GDP) 16.0 26.2 51.2
Bank capital to asset ratio (%) 19.8 13.7 10.4
Bank nonperforming loans to total gross loans ratio (%) 3.1 3.5 3.7
Domestic credit to the private sector (% of GDP) 15.9 44.8 83.2
Real interest rate (%) –6.4 –0.9
Interest rate spread (percentage points) 2.1 0.1 5.8
   
Infrastructure      
Paved roads (% of total roads) 88.6 .. 57.6
Electric power consumption (kWh per capita) 3,208 3,299 2,714
Power outages in firms a typical month (number) .. 1.4
Mobile cellular subscriptions (per 100 people) 41.9 108.9 84.5
Internet users (per 100 people) 16.3 32.1 34.1

The Little Data Book on Private Sector Development 2012 35


Belgium
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 10.5 10.9 1,127
Labor force (millions) 4.7 4.9 551
Unemployment rate (% of labor force) 8.4 8.3 8.5
GNI per capita, World Bank Atlas method ($) 36,600 45,840 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.6 0.9 0.6
Agriculture value added (% of GDP) 0.8 0.7 1.3
Industry value added (% of GDP) 24.0 21.8 23.6
Manufacturing value added (% of GDP) 17.1 14.0 14.8
Services value added (% of GDP) 75.1 77.5 75.1
Inflation (annual % change in consumer price index) 2.8 2.2
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 78.7 80.0 27.8
Imports of goods and services (% of GDP) 74.8 77.3 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 28
Time to start a business (days) 34 4 17
Procedures to start a business (number) 4 3 6
Firing cost (weeks of wages) 16.0 16.0 38.4
Resolving insolvency (years) 0.9 0.9 2.1
Total tax rate (% of commercial profits) 60.2 57.3 37.4
Profit tax (% of commercial profits) .. 5.2 13.0
New businesses registered (thousands) 25.5 29.5
New business density (new regis. per 1,000 working-age pop.) 3.7 4.3 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 8.9 15.5 2.1
Gross fixed capital formation (% of GDP) 20.7 20.2 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.7 –3.3 –7.5
Government debt (% of GDP) 89.3 91.8 58.2
Deposit money banks’ assets (% of GDP) 103.2 116.2 139.2
Total financial system deposits (% of GDP) 99.7 107.5 108.8
Bank capital to asset ratio (%) 2.7 5.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.0 2.8 4.1
Domestic credit to the private sector (% of GDP) 73.8 94.9 164.0
Real interest rate (%) 4.3 8.2
Interest rate spread (percentage points) 5.2 .. ..
   
Infrastructure      
Paved roads (% of total roads) 78.2 78.2 81.1
Electric power consumption (kWh per capita) 8,510 7,903 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 91.7 111.5 110.5
Internet users (per 100 people) 59.4 73.7 73.4

36 2012 The Little Data Book on Private Sector Development


Belize
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.29 0.35 2,519
Labor force (millions) 0.11 0.14 994
Unemployment rate (% of labor force) 11.0 8.2 ..
GNI per capita, World Bank Atlas method ($) 3,580 3,810 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.7 2.3 6.4
Agriculture value added (% of GDP) 15.3 12.2 17.0
Industry value added (% of GDP) 17.4 22.8 31.3
Manufacturing value added (% of GDP) 9.1 14.3 16.4
Services value added (% of GDP) 67.3 65.1 51.7
Inflation (annual % change in consumer price index) 3.6 0.9
Exchange rate (local currency units per $) 2.0 2.0
Exports of goods and services (% of GDP) 54.6 62.1 27.6
Imports of goods and services (% of GDP) 62.7 70.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 93
Time to start a business (days) 45 44 34
Procedures to start a business (number) 9 9 8
Firing cost (weeks of wages) 24.0 24.0 63.9
Resolving insolvency (years) 1.0 1.0 3.3
Total tax rate (% of commercial profits) 34.7 33.2 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) 0.8 0.5
New business density (new regis. per 1,000 working-age pop.) 4.6 3.0 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 280 220 301,804
Private foreign direct investment, net (% of GDP) 11.4 6.9 2.1
Gross fixed capital formation (% of GDP) 18.5 25.5 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 56.6 67.2 58.0
Total financial system deposits (% of GDP) 52.7 69.0 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 53.0 62.2 40.1
Real interest rate (%) 11.5 12.8
Interest rate spread (percentage points) 6.5 6.1 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 32.9 56.3 71.7
Internet users (per 100 people) 8.9 12.6 13.5

The Little Data Book on Private Sector Development 2012 37


Benin
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 7.6 8.9 796
Labor force (millions) 3.0 3.6 364
Unemployment rate (% of labor force) 0.7 .. ..
GNI per capita, World Bank Atlas method ($) 570 780 530
GDP growth, 2000–05 and 2005–10 (average annual %) 3.9 4.2 5.7
Agriculture value added (% of GDP) 32.2 .. 25.6
Industry value added (% of GDP) 13.4 .. 25.6
Manufacturing value added (% of GDP) 7.5 .. 14.2
Services value added (% of GDP) 54.4 .. 48.8
Inflation (annual % change in consumer price index) 5.4 2.3
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 13.5 14.1 20.8
Imports of goods and services (% of GDP) 26.1 27.7 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 175
Time to start a business (days) 31 29 33
Procedures to start a business (number) 7 6 8
Firing cost (weeks of wages) 36.0 36.0 63.5
Resolving insolvency (years) 4.0 4.0 3.7
Total tax rate (% of commercial profits) 75.8 66.0 67.8
Profit tax (% of commercial profits) .. 14.8 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.5 20.7
Firms expected to give gifts in meetings with tax officials (%) 21.2 26.8
Firms using banks to finance investments (% of firms) 24.3 4.2
Delay in obtaining an electrical connection (days) 71.7 86.8
ISO certification ownership (% of firms) 2.7 7.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 707 794 21,616
Private foreign direct investment, net (% of GDP) 1.2 1.7 3.2
Gross fixed capital formation (% of GDP) 18.9 25.8 22.4
Gross fixed private capital formation (% of GDP) 12.2 15.9 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.6 –1.0 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 16.5 .. 34.8
Total financial system deposits (% of GDP) 16.7 .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 16.6 23.1 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 9.5 .. 20.7
Electric power consumption (kWh per capita) 77 91 229
Power outages in firms a typical month (number) .. 13.9
Mobile cellular subscriptions (per 100 people) 7.8 79.9 33.1
Internet users (per 100 people) 1.3 3.1 5.6

38 2012 The Little Data Book on Private Sector Development


Bermuda
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.06 0.06 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.3 0.3 0.6
Agriculture value added (% of GDP) 0.8 0.8 1.3
Industry value added (% of GDP) 10.4 7.8 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) 88.7 91.4 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) 24.9 26.3 27.8
Imports of goods and services (% of GDP) 37.6 36.1 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.9 3.6 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 82.9 136.5 110.5
Internet users (per 100 people) 66.0 84.7 73.4

The Little Data Book on Private Sector Development 2012 39


Bhutan
South Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.66 0.73 2,519
Labor force (millions) 0.31 0.36 994
Unemployment rate (% of labor force) 3.1 4.0 ..
GNI per capita, World Bank Atlas method ($) 1,070 1,870 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 8.3 8.8 6.4
Agriculture value added (% of GDP) 23.2 18.7 17.0
Industry value added (% of GDP) 37.3 43.2 31.3
Manufacturing value added (% of GDP) 7.4 8.4 16.4
Services value added (% of GDP) 39.5 38.1 51.7
Inflation (annual % change in consumer price index) 5.3 2.0
Exchange rate (local currency units per $) 44.1 45.7
Exports of goods and services (% of GDP) 39.1 64.7 27.6
Imports of goods and services (% of GDP) 62.8 72.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 142
Time to start a business (days) 62 36 34
Procedures to start a business (number) 10 8 8
Firing cost (weeks of wages) 10.0 10.0 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) 40.8 40.8 40.4
Profit tax (% of commercial profits) .. 36.3 16.0
New businesses registered (thousands) 0.0 0.0
New business density (new regis. per 1,000 working-age pop.) 0.0 0.0 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 16.0
Firms expected to give gifts in meetings with tax officials (%) .. 2.5
Firms using banks to finance investments (% of firms) .. 64.2
Delay in obtaining an electrical connection (days) .. 14.8
ISO certification ownership (% of firms) .. 5.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 219 301,804
Private foreign direct investment, net (% of GDP) 1.1 1.3 2.1
Gross fixed capital formation (% of GDP) 49.9 41.3 25.7
Gross fixed private capital formation (% of GDP) 39.8 29.8 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.0 0.5 –3.6
Government debt (% of GDP) 79.5 56.8 ..
Deposit money banks’ assets (% of GDP) 19.2 37.8 58.0
Total financial system deposits (% of GDP) 50.6 69.3 52.1
Bank capital to asset ratio (%) .. 9.3 ..
Bank nonperforming loans to total gross loans ratio (%) .. 5.2 ..
Domestic credit to the private sector (% of GDP) 18.2 43.3 40.1
Real interest rate (%) 7.4 ..
Interest rate spread (percentage points) 9.5 .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 62.0 .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 3.1
Mobile cellular subscriptions (per 100 people) 5.5 54.3 71.7
Internet users (per 100 people) 3.8 13.6 13.5

40 2012 The Little Data Book on Private Sector Development


Bolivia
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.1 9.9 2,519
Labor force (millions) 4.0 4.6 994
Unemployment rate (% of labor force) 5.4 .. ..
GNI per capita, World Bank Atlas method ($) 1,030 1,810 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 3.1 4.7 6.4
Agriculture value added (% of GDP) 14.4 12.9 17.0
Industry value added (% of GDP) 32.0 37.3 31.3
Manufacturing value added (% of GDP) 14.2 13.9 16.4
Services value added (% of GDP) 53.6 49.9 51.7
Inflation (annual % change in consumer price index) 5.4 2.5
Exchange rate (local currency units per $) 8.1 7.0
Exports of goods and services (% of GDP) 35.5 41.2 27.6
Imports of goods and services (% of GDP) 32.1 34.3 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 153
Time to start a business (days) 50 50 34
Procedures to start a business (number) 15 15 8
Firing cost (weeks of wages) ..a ..a 63.9
Resolving insolvency (years) 1.8 1.8 3.3
Total tax rate (% of commercial profits) 80.0 80.0 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) 1.5 2.5
New business density (new regis. per 1,000 working-age pop.) 0.3 0.4 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 13.5 28.5
Firms expected to give gifts in meetings with tax officials (%) 19.6 3.4
Firms using banks to finance investments (% of firms) 22.2 27.8
Delay in obtaining an electrical connection (days) 15.2 21.2
ISO certification ownership (% of firms) 13.8 22.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,422 422 301,804
Private foreign direct investment, net (% of GDP) –2.5 3.2 2.1
Gross fixed capital formation (% of GDP) 13.0 16.6 25.7
Gross fixed private capital formation (% of GDP) 6.1 7.1 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.7 .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 43.6 38.6 58.0
Total financial system deposits (% of GDP) 37.4 44.7 52.1
Bank capital to asset ratio (%) 11.3 8.4 ..
Bank nonperforming loans to total gross loans ratio (%) 11.3 2.2 ..
Domestic credit to the private sector (% of GDP) 45.0 40.3 40.1
Real interest rate (%) 10.1 1.0
Interest rate spread (percentage points) 11.7 8.9 8.7
   
Infrastructure      
Paved roads (% of total roads) 6.9 7.9 48.6
Electric power consumption (kWh per capita) 477 558 644
Power outages in firms a typical month (number) 0.8 3.1
Mobile cellular subscriptions (per 100 people) 26.5 72.3 71.7
Internet users (per 100 people) 5.2 20.0 13.5

The Little Data Book on Private Sector Development 2012 41


Bosnia and Herzegovina
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.8 3.8 2,452
Labor force (millions) 1.4 1.5 1,314
Unemployment rate (% of labor force) 31.8 27.2 5.8
GNI per capita, World Bank Atlas method ($) 3,000 4,770 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.0 3.2 6.3
Agriculture value added (% of GDP) 10.5 7.6 7.4
Industry value added (% of GDP) 25.1 28.0 36.8
Manufacturing value added (% of GDP) 11.3 13.7 21.3
Services value added (% of GDP) 64.4 64.4 55.8
Inflation (annual % change in consumer price index) 6.1 2.2
Exchange rate (local currency units per $) 1.6 1.5
Exports of goods and services (% of GDP) 32.7 35.9 28.8
Imports of goods and services (% of GDP) 72.9 56.7 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 125
Time to start a business (days) 63 40 38
Procedures to start a business (number) 12 12 8
Firing cost (weeks of wages) 31.0 31.0 41.4
Resolving insolvency (years) 3.3 3.3 2.8
Total tax rate (% of commercial profits) 44.1 25.0 41.9
Profit tax (% of commercial profits) .. 7.1 17.0
New businesses registered (thousands) .. 1.9
New business density (new regis. per 1,000 working-age pop.) .. 0.6 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.1 11.2
Firms expected to give gifts in meetings with tax officials (%) 67.6 1.5
Firms using banks to finance investments (% of firms) 38.1 59.7
Delay in obtaining an electrical connection (days) 6.8 50.2
ISO certification ownership (% of firms) 16.4 30.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 2,011 259,433
Private foreign direct investment, net (% of GDP) 5.6 1.4 2.7
Gross fixed capital formation (% of GDP) 21.9 17.1 27.5
Gross fixed private capital formation (% of GDP) 14.7 10.8 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.1 –2.3 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 37.9 48.5 94.3
Total financial system deposits (% of GDP) 34.2 40.8 51.2
Bank capital to asset ratio (%) 14.4 17.6 10.4
Bank nonperforming loans to total gross loans ratio (%) 5.3 11.4 3.7
Domestic credit to the private sector (% of GDP) 43.9 64.1 83.2
Real interest rate (%) 7.3 6.6
Interest rate spread (percentage points) 6.0 4.7 5.8
   
Infrastructure      
Paved roads (% of total roads) 52.3 .. 57.6
Electric power consumption (kWh per capita) 2,380 2,867 2,714
Power outages in firms a typical month (number) .. 2.5
Mobile cellular subscriptions (per 100 people) 42.2 82.7 84.5
Internet users (per 100 people) 21.3 52.0 34.1

42 2012 The Little Data Book on Private Sector Development


Botswana
Sub-Saharan Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.9 2.0 2,452
Labor force (millions) 0.92 1.0 1,314
Unemployment rate (% of labor force) 17.6 .. 5.8
GNI per capita, World Bank Atlas method ($) 5,070 6,740 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.8 2.4 6.3
Agriculture value added (% of GDP) 1.8 2.4 7.4
Industry value added (% of GDP) 50.6 45.1 36.8
Manufacturing value added (% of GDP) 3.7 4.0 21.3
Services value added (% of GDP) 47.6 52.4 55.8
Inflation (annual % change in consumer price index) 8.6 6.9
Exchange rate (local currency units per $) 5.1 6.8
Exports of goods and services (% of GDP) 51.2 32.6 28.8
Imports of goods and services (% of GDP) 34.5 39.7 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 54
Time to start a business (days) 108 61 38
Procedures to start a business (number) 11 10 8
Firing cost (weeks of wages) 90.0 90.0 41.4
Resolving insolvency (years) 2.2 1.7 2.8
Total tax rate (% of commercial profits) 17.2 19.4 41.9
Profit tax (% of commercial profits) .. 15.9 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.0 10.2
Firms expected to give gifts in meetings with tax officials (%) 4.5 8.4
Firms using banks to finance investments (% of firms) 11.3 32.8
Delay in obtaining an electrical connection (days) 25.5 39.2
ISO certification ownership (% of firms) 12.7 21.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 104 243 259,433
Private foreign direct investment, net (% of GDP) 4.8 1.8 2.7
Gross fixed capital formation (% of GDP) 24.5 26.3 27.5
Gross fixed private capital formation (% of GDP) 17.3 13.1 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 19.8 24.0 94.3
Total financial system deposits (% of GDP) 26.5 39.8 51.2
Bank capital to asset ratio (%) 9.8 .. 10.4
Bank nonperforming loans to total gross loans ratio (%) 3.5 .. 3.7
Domestic credit to the private sector (% of GDP) 19.1 23.4 83.2
Real interest rate (%) 5.8 –2.8
Interest rate spread (percentage points) 6.5 5.9 5.8
   
Infrastructure      
Paved roads (% of total roads) 32.6 .. 57.6
Electric power consumption (kWh per capita) 1,421 1,503 2,714
Power outages in firms a typical month (number) 1.7 4.5
Mobile cellular subscriptions (per 100 people) 30.1 117.8 84.5
Internet users (per 100 people) 3.3 6.0 34.1

The Little Data Book on Private Sector Development 2012 43


Brazil
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 186.0 194.9 2,452
Labor force (millions) 94.5 101.6 1,314
Unemployment rate (% of labor force) 9.3 8.3 5.8
GNI per capita, World Bank Atlas method ($) 3,960 9,390 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 2.8 4.2 6.3
Agriculture value added (% of GDP) 5.7 5.8 7.4
Industry value added (% of GDP) 29.3 26.8 36.8
Manufacturing value added (% of GDP) 18.1 15.8 21.3
Services value added (% of GDP) 65.0 67.4 55.8
Inflation (annual % change in consumer price index) 6.9 5.0
Exchange rate (local currency units per $) 2.4 1.8
Exports of goods and services (% of GDP) 15.1 11.2 28.8
Imports of goods and services (% of GDP) 11.5 12.1 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 126
Time to start a business (days) 152 119 38
Procedures to start a business (number) 17 13 8
Firing cost (weeks of wages) 46.0 46.0 41.4
Resolving insolvency (years) 10.0 4.0 2.8
Total tax rate (% of commercial profits) 69.1 67.1 41.9
Profit tax (% of commercial profits) .. 22.4 17.0
New businesses registered (thousands) 243.6 315.6
New business density (new regis. per 1,000 working-age pop.) 1.9 2.4 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 7.2 18.7
Firms expected to give gifts in meetings with tax officials (%) .. 16.4
Firms using banks to finance investments (% of firms) 27.8 48.4
Delay in obtaining an electrical connection (days) .. 36.8
ISO certification ownership (% of firms) .. 25.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 71,479 117,997 259,433
Private foreign direct investment, net (% of GDP) 1.7 2.3 2.7
Gross fixed capital formation (% of GDP) 15.9 18.4 27.5
Gross fixed private capital formation (% of GDP) 13.4 15.7 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.6 –3.5 ..
Government debt (% of GDP) 55.8 61.0 ..
Deposit money banks’ assets (% of GDP) 73.6 89.1 94.3
Total financial system deposits (% of GDP) 51.3 63.6 51.2
Bank capital to asset ratio (%) 9.8 11.1 10.4
Bank nonperforming loans to total gross loans ratio (%) 3.5 3.1 3.7
Domestic credit to the private sector (% of GDP) 31.4 56.6 83.2
Real interest rate (%) 44.9 30.4
Interest rate spread (percentage points) 37.8 31.1 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 2,020 2,206 2,714
Power outages in firms a typical month (number) .. 2.7
Mobile cellular subscriptions (per 100 people) 46.4 104.1 84.5
Internet users (per 100 people) 21.0 40.7 34.1

44 2012 The Little Data Book on Private Sector Development


Brunei Darussalam
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.36 0.40 1,127
Labor force (millions) 0.18 0.20 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) 23,210 31,800 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.2 0.0 0.6
Agriculture value added (% of GDP) 0.9 0.6 1.3
Industry value added (% of GDP) 71.6 74.1 23.6
Manufacturing value added (% of GDP) 12.3 13.7 14.8
Services value added (% of GDP) 27.5 25.3 75.1
Inflation (annual % change in consumer price index) 1.2 0.4
Exchange rate (local currency units per $) 1.7 1.4
Exports of goods and services (% of GDP) 70.2 78.3 27.8
Imports of goods and services (% of GDP) 27.3 27.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 83
Time to start a business (days) 116 101 17
Procedures to start a business (number) 18 15 6
Firing cost (weeks of wages) 4.0 4.0 38.4
Resolving insolvency (years) 2.5 2.5 2.1
Total tax rate (% of commercial profits) 37.4 16.8 37.4
Profit tax (% of commercial profits) .. 8.3 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.8 3.0 2.1
Gross fixed capital formation (% of GDP) 11.4 13.7 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 12.3 26.5 139.2
Total financial system deposits (% of GDP) 53.9 69.7 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 40.3 44.5 164.0
Real interest rate (%) –11.2 35.4
Interest rate spread (percentage points) 4.5 5.0 ..
   
Infrastructure      
Paved roads (% of total roads) 78.4 81.1 81.1
Electric power consumption (kWh per capita) 8,672 8,662 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 64.1 109.0 110.5
Internet users (per 100 people) 36.5 50.0 73.4

The Little Data Book on Private Sector Development 2012 45


Bulgaria
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 7.7 7.5 2,452
Labor force (millions) 3.4 3.5 1,314
Unemployment rate (% of labor force) 10.1 10.2 5.8
GNI per capita, World Bank Atlas method ($) 3,640 6,280 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.5 2.6 6.3
Agriculture value added (% of GDP) 9.1 5.4 7.4
Industry value added (% of GDP) 29.0 31.4 36.8
Manufacturing value added (% of GDP) 16.3 16.2 21.3
Services value added (% of GDP) 61.9 63.3 55.8
Inflation (annual % change in consumer price index) 5.0 2.4
Exchange rate (local currency units per $) 1.6 1.5
Exports of goods and services (% of GDP) 40.5 57.8 28.8
Imports of goods and services (% of GDP) 55.6 59.7 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 59
Time to start a business (days) 32 18 38
Procedures to start a business (number) 11 4 8
Firing cost (weeks of wages) 9.0 9.0 41.4
Resolving insolvency (years) 3.3 3.3 2.8
Total tax rate (% of commercial profits) 46.0 28.1 41.9
Profit tax (% of commercial profits) .. 4.9 17.0
New businesses registered (thousands) 29.3 35.5
New business density (new regis. per 1,000 working-age pop.) 5.7 7.2 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.0 10.6
Firms expected to give gifts in meetings with tax officials (%) 42.6 6.6
Firms using banks to finance investments (% of firms) 37.7 34.7
Delay in obtaining an electrical connection (days) 22.1 44.8
ISO certification ownership (% of firms) 12.1 19.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 5,587 5,202 259,433
Private foreign direct investment, net (% of GDP) 14.9 4.9 2.7
Gross fixed capital formation (% of GDP) 25.7 23.5 27.5
Gross fixed private capital formation (% of GDP) 21.3 18.7 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 3.2 –0.1 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 44.9 78.3 94.3
Total financial system deposits (% of GDP) 41.5 60.6 51.2
Bank capital to asset ratio (%) 7.4 10.5 10.4
Bank nonperforming loans to total gross loans ratio (%) 2.2 11.9 3.7
Domestic credit to the private sector (% of GDP) 41.0 74.6 83.2
Real interest rate (%) 1.2 8.0
Interest rate spread (percentage points) 5.6 7.1 5.8
   
Infrastructure      
Paved roads (% of total roads) 98.4 .. 57.6
Electric power consumption (kWh per capita) 4,122 4,401 2,714
Power outages in firms a typical month (number) 3.9 3.7
Mobile cellular subscriptions (per 100 people) 80.7 135.4 84.5
Internet users (per 100 people) 20.0 46.0 34.1

46 2012 The Little Data Book on Private Sector Development


Burkina Faso
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 14.2 16.5 796
Labor force (millions) 6.4 7.5 364
Unemployment rate (% of labor force) 2.7 .. ..
GNI per capita, World Bank Atlas method ($) 390 550 530
GDP growth, 2000–05 and 2005–10 (average annual %) 6.1 5.0 5.7
Agriculture value added (% of GDP) 34.1 .. 25.6
Industry value added (% of GDP) 22.7 .. 25.6
Manufacturing value added (% of GDP) 14.6 .. 14.2
Services value added (% of GDP) 43.2 .. 48.8
Inflation (annual % change in consumer price index) 6.4 –0.8
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 10.0 .. 20.8
Imports of goods and services (% of GDP) 25.6 .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 150
Time to start a business (days) 40 13 33
Procedures to start a business (number) 12 3 8
Firing cost (weeks of wages) 34.0 34.0 63.5
Resolving insolvency (years) 4.0 4.0 3.7
Total tax rate (% of commercial profits) 47.6 43.6 67.8
Profit tax (% of commercial profits) .. 14.8 18.7
New businesses registered (thousands) 0.5 0.6
New business density (new regis. per 1,000 working-age pop.) 0.1 0.1 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.5 22.2
Firms expected to give gifts in meetings with tax officials (%) 19.5 6.7
Firms using banks to finance investments (% of firms) 23.1 25.6
Delay in obtaining an electrical connection (days) 19.6 23.1
ISO certification ownership (% of firms) 7.4 14.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 42 980 21,616
Private foreign direct investment, net (% of GDP) 0.6 0.4 3.2
Gross fixed capital formation (% of GDP) 19.4 .. 22.4
Gross fixed private capital formation (% of GDP) 11.1 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –5.4 –5.7 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 16.6 .. 34.8
Total financial system deposits (% of GDP) 13.6 .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 16.6 17.6 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 4.2 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 10.1 10.8
Mobile cellular subscriptions (per 100 people) 4.5 34.7 33.1
Internet users (per 100 people) 0.5 1.4 5.6

The Little Data Book on Private Sector Development 2012 47


Burundi
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 7.3 8.4 796
Labor force (millions) 3.5 4.3 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 100 170 530
GDP growth, 2000–05 and 2005–10 (average annual %) 2.2 4.1 5.7
Agriculture value added (% of GDP) 34.8 .. 25.6
Industry value added (% of GDP) 20.0 .. 25.6
Manufacturing value added (% of GDP) 8.8 .. 14.2
Services value added (% of GDP) 45.1 .. 48.8
Inflation (annual % change in consumer price index) 13.5 6.4
Exchange rate (local currency units per $) 1,081.6 1,230.7
Exports of goods and services (% of GDP) 11.4 .. 20.8
Imports of goods and services (% of GDP) 45.3 .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 169
Time to start a business (days) 14 14 33
Procedures to start a business (number) 9 9 8
Firing cost (weeks of wages) 26.0 26.0 63.5
Resolving insolvency (years) .. .. 3.7
Total tax rate (% of commercial profits) 278.7 46.2 67.8
Profit tax (% of commercial profits) .. 37.4 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.7 ..
Firms expected to give gifts in meetings with tax officials (%) 22.6 ..
Firms using banks to finance investments (% of firms) 12.3 ..
Delay in obtaining an electrical connection (days) 24.1 ..
ISO certification ownership (% of firms) 7.1 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 54 .. 21,616
Private foreign direct investment, net (% of GDP) 0.1 0.0 3.2
Gross fixed capital formation (% of GDP) 10.5 .. 22.4
Gross fixed private capital formation (% of GDP) 1.7 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 19.2 27.9 34.8
Total financial system deposits (% of GDP) 24.0 31.6 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 22.3 25.5 29.7
Real interest rate (%) 1.6 4.3
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 10.4 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 12.0 ..
Mobile cellular subscriptions (per 100 people) 2.1 13.7 33.1
Internet users (per 100 people) 0.5 2.1 5.6

48 2012 The Little Data Book on Private Sector Development


Cambodia
East Asia & Pacific Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 13.4 14.1 796
Labor force (millions) 6.9 8.0 364
Unemployment rate (% of labor force) .. 1.7 ..
GNI per capita, World Bank Atlas method ($) 460 750 530
GDP growth, 2000–05 and 2005–10 (average annual %) 9.1 6.4 5.7
Agriculture value added (% of GDP) 32.4 36.0 25.6
Industry value added (% of GDP) 26.4 23.3 25.6
Manufacturing value added (% of GDP) 18.8 15.6 14.2
Services value added (% of GDP) 41.2 40.7 48.8
Inflation (annual % change in consumer price index) 6.3 4.0
Exchange rate (local currency units per $) 4,092.5 4,184.9
Exports of goods and services (% of GDP) 64.1 54.1 20.8
Imports of goods and services (% of GDP) 72.7 59.5 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 138
Time to start a business (days) 86 85 33
Procedures to start a business (number) 10 9 8
Firing cost (weeks of wages) 39.0 39.0 63.5
Resolving insolvency (years) 6.0 6.0 3.7
Total tax rate (% of commercial profits) 22.6 22.5 67.8
Profit tax (% of commercial profits) .. 18.9 18.7
New businesses registered (thousands) 1.5 2.0
New business density (new regis. per 1,000 working-age pop.) 0.2 0.2 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.6 ..
Firms expected to give gifts in meetings with tax officials (%) 60.3 ..
Firms using banks to finance investments (% of firms) 11.3 ..
Delay in obtaining an electrical connection (days) 15.5 ..
ISO certification ownership (% of firms) 2.8 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 343 2,939 21,616
Private foreign direct investment, net (% of GDP) 6.1 7.0 3.2
Gross fixed capital formation (% of GDP) 18.9 16.2 22.4
Gross fixed private capital formation (% of GDP) 13.5 9.7 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.0 –3.7 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 8.7 27.1 34.8
Total financial system deposits (% of GDP) 14.3 35.7 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 9.0 27.6 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 6.3 .. 20.7
Electric power consumption (kWh per capita) 57 131 229
Power outages in firms a typical month (number) 27.0 ..
Mobile cellular subscriptions (per 100 people) 8.0 57.6 33.1
Internet users (per 100 people) 0.3 1.3 5.6

The Little Data Book on Private Sector Development 2012 49


Cameroon
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 17.6 19.6 2,519
Labor force (millions) 7.1 8.2 994
Unemployment rate (% of labor force) 4.4 .. ..
GNI per capita, World Bank Atlas method ($) 930 1,200 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 3.8 2.9 6.4
Agriculture value added (% of GDP) 19.5 .. 17.0
Industry value added (% of GDP) 30.4 .. 31.3
Manufacturing value added (% of GDP) 17.7 .. 16.4
Services value added (% of GDP) 50.1 .. 51.7
Inflation (annual % change in consumer price index) 2.0 1.3
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 20.5 28.9 27.6
Imports of goods and services (% of GDP) 21.5 32.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 161
Time to start a business (days) 45 15 34
Procedures to start a business (number) 11 5 8
Firing cost (weeks of wages) 33.0 33.0 63.9
Resolving insolvency (years) 3.2 3.2 3.3
Total tax rate (% of commercial profits) 50.9 49.1 40.4
Profit tax (% of commercial profits) .. 29.9 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 12.8 7.0
Firms expected to give gifts in meetings with tax officials (%) 65.4 30.8
Firms using banks to finance investments (% of firms) 19.5 31.4
Delay in obtaining an electrical connection (days) 78.9 17.6
ISO certification ownership (% of firms) 16.4 20.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 486 1,842 301,804
Private foreign direct investment, net (% of GDP) 1.4 0.0 2.1
Gross fixed capital formation (% of GDP) 17.7 .. 25.7
Gross fixed private capital formation (% of GDP) 15.2 12.6 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 10.8 10.0 58.0
Total financial system deposits (% of GDP) 13.1 15.1 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 9.7 11.9 40.1
Real interest rate (%) 14.6 ..
Interest rate spread (percentage points) 12.7 .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 17.4 17.0 48.6
Electric power consumption (kWh per capita) 188 271 644
Power outages in firms a typical month (number) 12.7 10.6
Mobile cellular subscriptions (per 100 people) 12.8 44.1 71.7
Internet users (per 100 people) 1.4 4.0 13.5

50 2012 The Little Data Book on Private Sector Development


Canada
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 32.3 34.1 1,127
Labor force (millions) 17.8 19.0 551
Unemployment rate (% of labor force) 6.8 8.0 8.5
GNI per capita, World Bank Atlas method ($) 33,110 43,250 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.5 0.9 0.6
Agriculture value added (% of GDP) 1.8 .. 1.3
Industry value added (% of GDP) 32.4 .. 23.6
Manufacturing value added (% of GDP) 15.0 .. 14.8
Services value added (% of GDP) 65.8 .. 75.1
Inflation (annual % change in consumer price index) 2.2 1.8
Exchange rate (local currency units per $) 1.2 1.0
Exports of goods and services (% of GDP) 37.8 29.4 27.8
Imports of goods and services (% of GDP) 34.1 31.3 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 13
Time to start a business (days) 3 5 17
Procedures to start a business (number) 2 1 6
Firing cost (weeks of wages) 28.0 28.0 38.4
Resolving insolvency (years) 0.8 0.8 2.1
Total tax rate (% of commercial profits) 49.1 28.8 37.4
Profit tax (% of commercial profits) .. 9.3 13.0
New businesses registered (thousands) 160.0 174.0
New business density (new regis. per 1,000 working-age pop.) 7.2 7.6 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 2.3 1.5 2.1
Gross fixed capital formation (% of GDP) 21.3 22.1 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.8 –2.0 –7.5
Government debt (% of GDP) 47.0 52.6 58.2
Deposit money banks’ assets (% of GDP) 148.6 176.7 139.2
Total financial system deposits (% of GDP) 149.5 123.0 108.8
Bank capital to asset ratio (%) 5.6 4.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.5 1.2 4.1
Domestic credit to the private sector (% of GDP) 178.2 128.2 164.0
Real interest rate (%) 1.1 –0.3
Interest rate spread (percentage points) 3.6 2.6 ..
   
Infrastructure      
Paved roads (% of total roads) 39.9 .. 81.1
Electric power consumption (kWh per capita) 17,319 15,471 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 52.7 70.4 110.5
Internet users (per 100 people) 71.6 81.3 73.4

The Little Data Book on Private Sector Development 2012 51


Cape Verde
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.47 0.50 2,519
Labor force (millions) 0.19 0.22 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 2,080 3,270 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.2 6.6 6.4
Agriculture value added (% of GDP) 9.0 10.3 17.0
Industry value added (% of GDP) 15.7 16.2 31.3
Manufacturing value added (% of GDP) .. .. 16.4
Services value added (% of GDP) 75.3 73.5 51.7
Inflation (annual % change in consumer price index) 0.4 2.1
Exchange rate (local currency units per $) 88.7 83.3
Exports of goods and services (% of GDP) 37.8 39.3 27.6
Imports of goods and services (% of GDP) 66.6 67.3 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 119
Time to start a business (days) 52 11 34
Procedures to start a business (number) 12 8 8
Firing cost (weeks of wages) 91.0 93.0 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) 53.1 37.8 40.4
Profit tax (% of commercial profits) .. 18.6 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 12.2 3.9
Firms expected to give gifts in meetings with tax officials (%) 10.4 1.1
Firms using banks to finance investments (% of firms) 26.3 35.3
Delay in obtaining an electrical connection (days) 7.8 30.5
ISO certification ownership (% of firms) 12.2 15.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 44 301,804
Private foreign direct investment, net (% of GDP) 8.3 6.8 2.1
Gross fixed capital formation (% of GDP) 35.8 47.1 25.7
Gross fixed private capital formation (% of GDP) 23.0 28.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.9 –3.7 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 59.9 .. 58.0
Total financial system deposits (% of GDP) 72.6 .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 39.1 62.5 40.1
Real interest rate (%) 13.9 7.4
Interest rate spread (percentage points) 8.9 7.9 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) 12.5 4.9
Mobile cellular subscriptions (per 100 people) 17.3 75.0 71.7
Internet users (per 100 people) 6.1 30.0 13.5

52 2012 The Little Data Book on Private Sector Development


Cayman Islands
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.05 0.06 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 3.5 4.0 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 0.8 ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 154.9 177.6 110.5
Internet users (per 100 people) 38.0 66.0 73.4

The Little Data Book on Private Sector Development 2012 53


Central African Republic
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.0 4.4 796
Labor force (millions) 1.8 2.1 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 340 470 530
GDP growth, 2000–05 and 2005–10 (average annual %) –1.6 2.8 5.7
Agriculture value added (% of GDP) 54.4 56.5 25.6
Industry value added (% of GDP) 14.1 14.8 25.6
Manufacturing value added (% of GDP) 7.4 .. 14.2
Services value added (% of GDP) 31.4 28.7 48.8
Inflation (annual % change in consumer price index) 2.9 1.5
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 12.6 14.6 20.8
Imports of goods and services (% of GDP) 21.4 22.7 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 182
Time to start a business (days) 22 21 33
Procedures to start a business (number) 11 7 8
Firing cost (weeks of wages) 22.0 22.0 63.5
Resolving insolvency (years) 4.8 4.8 3.7
Total tax rate (% of commercial profits) 65.7 54.6 67.8
Profit tax (% of commercial profits) .. 0.0 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 31 21,616
Private foreign direct investment, net (% of GDP) 2.4 3.6 3.2
Gross fixed capital formation (% of GDP) 8.9 10.8 22.4
Gross fixed private capital formation (% of GDP) 4.9 7.0 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.5 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 8.5 8.0 34.8
Total financial system deposits (% of GDP) 5.1 8.0 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 6.8 8.7 29.7
Real interest rate (%) 13.5 ..
Interest rate spread (percentage points) 12.7 .. 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.5 22.3 33.1
Internet users (per 100 people) 0.3 2.3 5.6

54 2012 The Little Data Book on Private Sector Development


Chad
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.8 11.2 796
Labor force (millions) 3.8 4.4 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 430 620 530
GDP growth, 2000–05 and 2005–10 (average annual %) 17.2 0.2 5.7
Agriculture value added (% of GDP) 12.3 13.6 25.6
Industry value added (% of GDP) 60.4 48.8 25.6
Manufacturing value added (% of GDP) 5.3 6.6 14.2
Services value added (% of GDP) 27.3 37.5 48.8
Inflation (annual % change in consumer price index) 7.9 10.0
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 61.0 43.9 20.8
Imports of goods and services (% of GDP) 43.8 68.7 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 183
Time to start a business (days) 75 66 33
Procedures to start a business (number) 13 11 8
Firing cost (weeks of wages) 36.0 36.0 63.5
Resolving insolvency (years) 4.0 4.0 3.7
Total tax rate (% of commercial profits) 63.7 65.4 67.8
Profit tax (% of commercial profits) .. 31.3 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 20.8
Firms expected to give gifts in meetings with tax officials (%) .. 21.2
Firms using banks to finance investments (% of firms) .. 4.2
Delay in obtaining an electrical connection (days) .. 10.6
ISO certification ownership (% of firms) .. 43.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 11 591 21,616
Private foreign direct investment, net (% of GDP) –1.9 10.3 3.2
Gross fixed capital formation (% of GDP) 16.7 35.8 22.4
Gross fixed private capital formation (% of GDP) 8.9 25.6 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 4.7 7.0 34.8
Total financial system deposits (% of GDP) 3.0 5.9 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 3.2 5.7 29.7
Real interest rate (%) 15.1 ..
Interest rate spread (percentage points) 12.7 .. 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. 22.6
Mobile cellular subscriptions (per 100 people) 2.1 23.8 33.1
Internet users (per 100 people) 0.4 1.7 5.6

The Little Data Book on Private Sector Development 2012 55


Channel Islands
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.15 0.15 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) 57,380 .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) –1.2 .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 110.5
Internet users (per 100 people) .. .. 73.4

56 2012 The Little Data Book on Private Sector Development


Chile
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 16.3 17.1 2,452
Labor force (millions) 6.8 8.0 1,314
Unemployment rate (% of labor force) 8.0 8.1 5.8
GNI per capita, World Bank Atlas method ($) 5,920 10,120 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.2 3.0 6.3
Agriculture value added (% of GDP) 4.6 3.2 7.4
Industry value added (% of GDP) 43.4 42.9 36.8
Manufacturing value added (% of GDP) 16.3 11.5 21.3
Services value added (% of GDP) 52.0 53.9 55.8
Inflation (annual % change in consumer price index) .. 1.4
Exchange rate (local currency units per $) 559.8 510.2
Exports of goods and services (% of GDP) 41.3 38.7 28.8
Imports of goods and services (% of GDP) 32.8 31.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 39
Time to start a business (days) 27 7 38
Procedures to start a business (number) 9 7 8
Firing cost (weeks of wages) 52.0 52.0 41.4
Resolving insolvency (years) 5.6 4.5 2.8
Total tax rate (% of commercial profits) 25.7 25.0 41.9
Profit tax (% of commercial profits) .. 18.0 17.0
New businesses registered (thousands) 22.7 23.5
New business density (new regis. per 1,000 working-age pop.) 2.1 2.1 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.0 9.9
Firms expected to give gifts in meetings with tax officials (%) 7.6 0.4
Firms using banks to finance investments (% of firms) 29.1 44.8
Delay in obtaining an electrical connection (days) 22.9 21.1
ISO certification ownership (% of firms) 22.0 22.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 8,980 4,840 259,433
Private foreign direct investment, net (% of GDP) 5.9 7.1 2.7
Gross fixed capital formation (% of GDP) 21.2 20.0 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 4.6 –0.4 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 64.5 71.1 94.3
Total financial system deposits (% of GDP) 50.1 53.4 51.2
Bank capital to asset ratio (%) 6.9 8.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 0.9 2.7 3.7
Domestic credit to the private sector (% of GDP) 80.3 86.3 83.2
Real interest rate (%) –0.8 –8.4
Interest rate spread (percentage points) 2.7 3.0 5.8
   
Infrastructure      
Paved roads (% of total roads) 21.0 22.5 57.6
Electric power consumption (kWh per capita) 3,073 3,283 2,714
Power outages in firms a typical month (number) 1.7 1.7
Mobile cellular subscriptions (per 100 people) 64.8 116.0 84.5
Internet users (per 100 people) 31.2 45.0 34.1

The Little Data Book on Private Sector Development 2012 57


China
East Asia & Pacific Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1,303.7 1,338.3 2,452
Labor force (millions) 767.1 799.8 1,314
Unemployment rate (% of labor force) 4.2 4.3 5.8
GNI per capita, World Bank Atlas method ($) 1,740 4,270 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 9.8 11.1 6.3
Agriculture value added (% of GDP) 12.1 10.1 7.4
Industry value added (% of GDP) 47.4 46.8 36.8
Manufacturing value added (% of GDP) 32.5 29.6 21.3
Services value added (% of GDP) 40.5 43.1 55.8
Inflation (annual % change in consumer price index) 1.8 3.3
Exchange rate (local currency units per $) 8.2 6.8
Exports of goods and services (% of GDP) 37.1 29.6 28.8
Imports of goods and services (% of GDP) 31.6 25.7 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 91
Time to start a business (days) 48 38 38
Procedures to start a business (number) 13 14 8
Firing cost (weeks of wages) 91.0 91.0 41.4
Resolving insolvency (years) 2.4 1.7 2.8
Total tax rate (% of commercial profits) 80.0 63.5 41.9
Profit tax (% of commercial profits) .. 5.9 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 18.3 ..
Firms expected to give gifts in meetings with tax officials (%) 38.7 ..
Firms using banks to finance investments (% of firms) 28.8 ..
Delay in obtaining an electrical connection (days) 27.8 ..
ISO certification ownership (% of firms) 35.9 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 38,478 27,899 259,433
Private foreign direct investment, net (% of GDP) 5.2 3.1 2.7
Gross fixed capital formation (% of GDP) 40.1 45.4 27.5
Gross fixed private capital formation (% of GDP) 12.6 23.7 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.1 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 122.5 140.2 94.3
Total financial system deposits (% of GDP) 44.4 55.1 51.2
Bank capital to asset ratio (%) 4.4 6.1 10.4
Bank nonperforming loans to total gross loans ratio (%) 8.6 1.1 3.7
Domestic credit to the private sector (% of GDP) 113.3 130.0 83.2
Real interest rate (%) 1.6 –0.7
Interest rate spread (percentage points) 3.3 3.1 5.8
   
Infrastructure      
Paved roads (% of total roads) 40.8 53.5 57.6
Electric power consumption (kWh per capita) 1,783 2,631 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 30.2 64.2 84.5
Internet users (per 100 people) 8.5 34.4 34.1

58 2012 The Little Data Book on Private Sector Development


Colombia
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 43.0 46.3 2,452
Labor force (millions) 19.8 22.1 1,314
Unemployment rate (% of labor force) 11.3 11.6 5.8
GNI per capita, World Bank Atlas method ($) 2,940 5,510 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 3.7 4.4 6.3
Agriculture value added (% of GDP) 8.4 7.0 7.4
Industry value added (% of GDP) 32.6 36.2 36.8
Manufacturing value added (% of GDP) 15.3 15.1 21.3
Services value added (% of GDP) 59.0 56.7 55.8
Inflation (annual % change in consumer price index) 5.0 2.3
Exchange rate (local currency units per $) 2,320.8 1,898.6
Exports of goods and services (% of GDP) 17.0 15.7 28.8
Imports of goods and services (% of GDP) 18.8 17.9 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 42
Time to start a business (days) 42 14 38
Procedures to start a business (number) 11 9 8
Firing cost (weeks of wages) 59.0 59.0 41.4
Resolving insolvency (years) 3.0 1.3 2.8
Total tax rate (% of commercial profits) 82.1 74.8 41.9
Profit tax (% of commercial profits) .. 18.9 17.0
New businesses registered (thousands) 24.8 31.1
New business density (new regis. per 1,000 working-age pop.) 0.9 1.1 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 14.3 12.9
Firms expected to give gifts in meetings with tax officials (%) 1.1 1.5
Firms using banks to finance investments (% of firms) 30.6 35.0
Delay in obtaining an electrical connection (days) 26.4 20.9
ISO certification ownership (% of firms) 5.9 20.8
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 3,734 12,195 259,433
Private foreign direct investment, net (% of GDP) 7.0 2.4 2.7
Gross fixed capital formation (% of GDP) 19.7 23.1 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.9 –3.4 ..
Government debt (% of GDP) 53.6 62.7 ..
Deposit money banks’ assets (% of GDP) 32.2 40.0 94.3
Total financial system deposits (% of GDP) 16.5 19.7 51.2
Bank capital to asset ratio (%) 12.3 14.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 2.7 2.9 3.7
Domestic credit to the private sector (% of GDP) 29.3 43.4 83.2
Real interest rate (%) 8.5 5.5
Interest rate spread (percentage points) 7.5 5.7 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 903 1,047 2,714
Power outages in firms a typical month (number) 1.0 1.2
Mobile cellular subscriptions (per 100 people) 50.8 96.1 84.5
Internet users (per 100 people) 11.0 36.5 34.1

The Little Data Book on Private Sector Development 2012 59


Comoros
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.64 0.74 796
Labor force (millions) 0.21 0.24 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 610 750 530
GDP growth, 2000–05 and 2005–10 (average annual %) 2.6 1.3 5.7
Agriculture value added (% of GDP) 51.0 46.3 25.6
Industry value added (% of GDP) 11.0 12.1 25.6
Manufacturing value added (% of GDP) 4.4 4.3 14.2
Services value added (% of GDP) 38.0 41.6 48.8
Inflation (annual % change in consumer price index) 3.0 –0.1
Exchange rate (local currency units per $) 395.6 371.5
Exports of goods and services (% of GDP) 14.1 14.7 20.8
Imports of goods and services (% of GDP) 35.8 48.2 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 157
Time to start a business (days) 24 24 33
Procedures to start a business (number) 11 11 8
Firing cost (weeks of wages) 100.0 100.0 63.5
Resolving insolvency (years) .. .. 3.7
Total tax rate (% of commercial profits) 217.9 217.9 67.8
Profit tax (% of commercial profits) .. 31.4 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 0.5 .. 21,616
Private foreign direct investment, net (% of GDP) 0.1 1.7 3.2
Gross fixed capital formation (% of GDP) 9.3 12.4 22.4
Gross fixed private capital formation (% of GDP) 4.8 7.7 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 8.7 19.7 34.8
Total financial system deposits (% of GDP) 17.2 25.8 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 9.5 19.1 29.7
Real interest rate (%) 8.5 6.4
Interest rate spread (percentage points) 8.0 8.8 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.4 22.5 33.1
Internet users (per 100 people) 3.2 5.1 5.6

60 2012 The Little Data Book on Private Sector Development


Congo, Dem. Rep.
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 57.4 66.0 796
Labor force (millions) 21.5 25.3 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 120 180 530
GDP growth, 2000–05 and 2005–10 (average annual %) 4.4 5.4 5.7
Agriculture value added (% of GDP) 45.5 42.9 25.6
Industry value added (% of GDP) 26.9 24.0 25.6
Manufacturing value added (% of GDP) 6.6 5.5 14.2
Services value added (% of GDP) 27.5 33.0 48.8
Inflation (annual % change in consumer price index) 21.3 17.3
Exchange rate (local currency units per $) 473.9 905.9
Exports of goods and services (% of GDP) 34.5 26.0 20.8
Imports of goods and services (% of GDP) 42.7 38.8 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 178
Time to start a business (days) 133 65 33
Procedures to start a business (number) 14 10 8
Firing cost (weeks of wages) 31.0 31.0 63.5
Resolving insolvency (years) 5.2 5.2 3.7
Total tax rate (% of commercial profits) 287.1 339.7 67.8
Profit tax (% of commercial profits) .. 58.9 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.3 29.4
Firms expected to give gifts in meetings with tax officials (%) 64.4 54.4
Firms using banks to finance investments (% of firms) 3.3 6.7
Delay in obtaining an electrical connection (days) 20.5 48.0
ISO certification ownership (% of firms) 4.3 8.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 473 1,054 21,616
Private foreign direct investment, net (% of GDP) 3.0 22.4 3.2
Gross fixed capital formation (% of GDP) 14.2 28.7 22.4
Gross fixed private capital formation (% of GDP) 10.5 5.8 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.0 3.8 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 2.4 7.3 34.8
Total financial system deposits (% of GDP) 4.2 11.3 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 1.9 6.6 29.7
Real interest rate (%) 29.5 27.8
Interest rate spread (percentage points) 32.6 39.7 9.8
   
Infrastructure      
Paved roads (% of total roads) 1.8 .. 20.7
Electric power consumption (kWh per capita) 85 104 229
Power outages in firms a typical month (number) 17.5 21.8
Mobile cellular subscriptions (per 100 people) 4.8 17.9 33.1
Internet users (per 100 people) 0.2 0.7 5.6

The Little Data Book on Private Sector Development 2012 61


Congo, Rep.
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.5 4.0 2,519
Labor force (millions) 1.4 1.7 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 980 2,240 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 3.7 4.8 6.4
Agriculture value added (% of GDP) 4.5 3.8 17.0
Industry value added (% of GDP) 71.9 75.4 31.3
Manufacturing value added (% of GDP) 4.0 3.8 16.4
Services value added (% of GDP) 23.6 20.8 51.7
Inflation (annual % change in consumer price index) 3.1 5.0
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 84.2 85.1 27.6
Imports of goods and services (% of GDP) 54.5 54.7 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 181
Time to start a business (days) 37 160 34
Procedures to start a business (number) 10 10 8
Firing cost (weeks of wages) 33.0 33.0 63.9
Resolving insolvency (years) 3.3 3.3 3.3
Total tax rate (% of commercial profits) 65.4 65.9 40.4
Profit tax (% of commercial profits) .. 18.1 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 6.0
Firms expected to give gifts in meetings with tax officials (%) .. 37.1
Firms using banks to finance investments (% of firms) .. 7.7
Delay in obtaining an electrical connection (days) .. 8.5
ISO certification ownership (% of firms) .. 19.6
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 62 1,143 301,804
Private foreign direct investment, net (% of GDP) 8.4 23.5 2.1
Gross fixed capital formation (% of GDP) 19.7 20.3 25.7
Gross fixed private capital formation (% of GDP) 13.5 10.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 19.5 .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 3.0 6.0 58.0
Total financial system deposits (% of GDP) 7.0 15.0 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 2.4 5.5 40.1
Real interest rate (%) –3.0 ..
Interest rate spread (percentage points) 12.7 .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 7.1 .. 48.6
Electric power consumption (kWh per capita) 120 146 644
Power outages in firms a typical month (number) .. 25.3
Mobile cellular subscriptions (per 100 people) 15.8 94.0 71.7
Internet users (per 100 people) 1.5 5.0 13.5

62 2012 The Little Data Book on Private Sector Development


Costa Rica
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.3 4.7 2,452
Labor force (millions) 1.9 2.2 1,314
Unemployment rate (% of labor force) 6.6 7.8 5.8
GNI per capita, World Bank Atlas method ($) 4,680 6,810 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.3 4.0 6.3
Agriculture value added (% of GDP) 8.7 6.9 7.4
Industry value added (% of GDP) 29.2 26.1 36.8
Manufacturing value added (% of GDP) 21.7 17.4 21.3
Services value added (% of GDP) 62.1 66.9 55.8
Inflation (annual % change in consumer price index) 13.8 5.7
Exchange rate (local currency units per $) 477.8 525.8
Exports of goods and services (% of GDP) 48.5 38.1 28.8
Imports of goods and services (% of GDP) 54.0 41.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 121
Time to start a business (days) 77 60 38
Procedures to start a business (number) 12 12 8
Firing cost (weeks of wages) 29.0 29.0 41.4
Resolving insolvency (years) 3.5 3.5 2.8
Total tax rate (% of commercial profits) 54.8 55.0 41.9
Profit tax (% of commercial profits) .. 18.9 17.0
New businesses registered (thousands) 30.9 26.8
New business density (new regis. per 1,000 working-age pop.) 11.0 8.8 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.6 8.4
Firms expected to give gifts in meetings with tax officials (%) 0.0 7.6
Firms using banks to finance investments (% of firms) 14.9 22.2
Delay in obtaining an electrical connection (days) 48.6 39.0
ISO certification ownership (% of firms) 10.5 13.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 545 597 259,433
Private foreign direct investment, net (% of GDP) 4.3 4.1 2.7
Gross fixed capital formation (% of GDP) 18.7 19.6 27.5
Gross fixed private capital formation (% of GDP) 17.7 20.1 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. –3.4 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 43.4 52.8 94.3
Total financial system deposits (% of GDP) 22.3 23.1 51.2
Bank capital to asset ratio (%) 13.4 14.4 10.4
Bank nonperforming loans to total gross loans ratio (%) 1.4 1.9 3.7
Domestic credit to the private sector (% of GDP) 35.6 45.9 83.2
Real interest rate (%) 12.7 8.6
Interest rate spread (percentage points) 14.5 11.8 5.8
   
Infrastructure      
Paved roads (% of total roads) 25.2 26.0 57.6
Electric power consumption (kWh per capita) 1,726 1,813 2,714
Power outages in firms a typical month (number) .. 2.8
Mobile cellular subscriptions (per 100 people) 25.6 65.1 84.5
Internet users (per 100 people) 22.1 36.5 34.1

The Little Data Book on Private Sector Development 2012 63


Côte d’Ivoire
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 18.0 19.7 2,519
Labor force (millions) 7.0 7.8 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 870 1,160 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) –0.2 2.4 6.4
Agriculture value added (% of GDP) 22.8 22.9 17.0
Industry value added (% of GDP) 25.9 27.4 31.3
Manufacturing value added (% of GDP) 19.3 19.2 16.4
Services value added (% of GDP) 51.3 49.7 51.7
Inflation (annual % change in consumer price index) 3.9 1.7
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 51.1 40.9 27.6
Imports of goods and services (% of GDP) 43.6 36.3 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 167
Time to start a business (days) 45 32 34
Procedures to start a business (number) 11 10 8
Firing cost (weeks of wages) 49.0 49.0 63.9
Resolving insolvency (years) 2.2 2.2 3.3
Total tax rate (% of commercial profits) 48.4 44.3 40.4
Profit tax (% of commercial profits) .. 8.8 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 1.6
Firms expected to give gifts in meetings with tax officials (%) .. 13.6
Firms using banks to finance investments (% of firms) .. 13.9
Delay in obtaining an electrical connection (days) .. 20.9
ISO certification ownership (% of firms) .. 4.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 311 1,204 301,804
Private foreign direct investment, net (% of GDP) 1.9 1.8 2.1
Gross fixed capital formation (% of GDP) 9.7 13.9 25.7
Gross fixed private capital formation (% of GDP) 7.0 9.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –6.7 0.9 –3.6
Government debt (% of GDP) 96.4 .. ..
Deposit money banks’ assets (% of GDP) 15.9 .. 58.0
Total financial system deposits (% of GDP) 14.3 .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 13.8 18.1 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 8.1 .. 48.6
Electric power consumption (kWh per capita) 175 203 644
Power outages in firms a typical month (number) .. 3.8
Mobile cellular subscriptions (per 100 people) 13.0 76.1 71.7
Internet users (per 100 people) 1.0 2.6 13.5

64 2012 The Little Data Book on Private Sector Development


Croatia
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.4 4.4 1,127
Labor force (millions) 2.0 2.0 551
Unemployment rate (% of labor force) 12.6 11.8 8.5
GNI per capita, World Bank Atlas method ($) 9,730 13,890 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.6 0.8 0.6
Agriculture value added (% of GDP) 5.0 5.5 1.3
Industry value added (% of GDP) 28.5 27.3 23.6
Manufacturing value added (% of GDP) 17.5 18.0 14.8
Services value added (% of GDP) 66.4 67.2 75.1
Inflation (annual % change in consumer price index) 3.3 1.0
Exchange rate (local currency units per $) 5.9 5.5
Exports of goods and services (% of GDP) 42.3 38.3 27.8
Imports of goods and services (% of GDP) 48.7 38.8 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 80
Time to start a business (days) 29 7 17
Procedures to start a business (number) 11 6 6
Firing cost (weeks of wages) 39.0 39.0 38.4
Resolving insolvency (years) 3.1 3.1 2.1
Total tax rate (% of commercial profits) 32.5 32.3 37.4
Profit tax (% of commercial profits) .. 11.5 13.0
New businesses registered (thousands) 8.2 7.8
New business density (new regis. per 1,000 working-age pop.) 2.7 2.6 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.0 ..
Firms expected to give gifts in meetings with tax officials (%) 20.1 ..
Firms using banks to finance investments (% of firms) 45.8 ..
Delay in obtaining an electrical connection (days) 15.2 ..
ISO certification ownership (% of firms) 17.4 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,963 3,612 ..
Private foreign direct investment, net (% of GDP) 4.0 0.7 2.1
Gross fixed capital formation (% of GDP) 24.7 21.6 17.9
Gross fixed private capital formation (% of GDP) 20.2 19.5 ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.4 –4.3 –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 63.8 83.8 139.2
Total financial system deposits (% of GDP) 53.8 65.5 108.8
Bank capital to asset ratio (%) 9.0 13.9 6.8
Bank nonperforming loans to total gross loans ratio (%) 6.2 11.2 4.1
Domestic credit to the private sector (% of GDP) 52.6 70.1 164.0
Real interest rate (%) 7.6 9.3
Interest rate spread (percentage points) 9.5 8.6 ..
   
Infrastructure      
Paved roads (% of total roads) 89.1 90.5 81.1
Electric power consumption (kWh per capita) 3,476 3,712 9,064
Power outages in firms a typical month (number) 1.8 ..
Mobile cellular subscriptions (per 100 people) 82.2 144.0 110.5
Internet users (per 100 people) 33.1 60.1 73.4

The Little Data Book on Private Sector Development 2012 65


Cuba
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 11.3 11.3 2,452
Labor force (millions) 4.8 5.3 1,314
Unemployment rate (% of labor force) 1.9 1.6 5.8
GNI per capita, World Bank Atlas method ($) 3,960 17,030 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.6 5.0 6.3
Agriculture value added (% of GDP) 5.6 5.0 7.4
Industry value added (% of GDP) 19.4 20.5 36.8
Manufacturing value added (% of GDP) 9.5 10.6 21.3
Services value added (% of GDP) 75.0 74.5 55.8
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 21.0 19.6 28.8
Imports of goods and services (% of GDP) 18.3 19.0 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 38
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 41.4
Resolving insolvency (years) .. .. 2.8
Total tax rate (% of commercial profits) .. .. 41.9
Profit tax (% of commercial profits) .. .. 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 776 60 259,433
Private foreign direct investment, net (% of GDP) 0.0 0.0 2.7
Gross fixed capital formation (% of GDP) 9.0 9.9 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 94.3
Total financial system deposits (% of GDP) .. .. 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) .. .. 83.2
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 1,156 1,348 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.2 8.9 84.5
Internet users (per 100 people) 9.7 15.9 34.1

66 2012 The Little Data Book on Private Sector Development


Curaçao
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.13 0.14 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 110.5
Internet users (per 100 people) .. .. 73.4

The Little Data Book on Private Sector Development 2012 67


Cyprus
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.0 1.1 1,127
Labor force (millions) 0.52 0.58 551
Unemployment rate (% of labor force) 5.3 6.2 8.5
GNI per capita, World Bank Atlas method ($) 21,490 29,430 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.1 2.4 0.6
Agriculture value added (% of GDP) 2.8 2.1 1.3
Industry value added (% of GDP) 19.5 19.6 23.6
Manufacturing value added (% of GDP) 8.8 7.6 14.8
Services value added (% of GDP) 77.7 78.3 75.1
Inflation (annual % change in consumer price index) 2.6 2.4
Exchange rate (local currency units per $) 0.5 0.8
Exports of goods and services (% of GDP) 48.3 40.1 27.8
Imports of goods and services (% of GDP) 50.9 46.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 40
Time to start a business (days) .. 8 17
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 64.0 38.4
Resolving insolvency (years) .. 1.5 2.1
Total tax rate (% of commercial profits) .. 23.1 37.4
Profit tax (% of commercial profits) .. 9.1 13.0
New businesses registered (thousands) 14.5 16.1
New business density (new regis. per 1,000 working-age pop.) 20.0 20.3 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 6.8 8.2 2.1
Gross fixed capital formation (% of GDP) 19.3 18.4 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 5.9 –5.9 –7.5
Government debt (% of GDP) 180.6 97.3 58.2
Deposit money banks’ assets (% of GDP) 189.8 310.8 139.2
Total financial system deposits (% of GDP) 176.9 261.1 108.8
Bank capital to asset ratio (%) .. 5.9 6.8
Bank nonperforming loans to total gross loans ratio (%) .. 5.6 4.1
Domestic credit to the private sector (% of GDP) 209.9 283.6 164.0
Real interest rate (%) 4.6 ..
Interest rate spread (percentage points) 3.3 .. ..
   
Infrastructure      
Paved roads (% of total roads) 64.6 64.9 81.1
Electric power consumption (kWh per capita) 4,080 4,620 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 75.8 93.8 110.5
Internet users (per 100 people) 32.8 53.0 73.4

68 2012 The Little Data Book on Private Sector Development


Czech Republic
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 10.2 10.5 1,127
Labor force (millions) 5.2 5.3 551
Unemployment rate (% of labor force) 7.9 7.3 8.5
GNI per capita, World Bank Atlas method ($) 11,330 17,890 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.6 2.3 0.6
Agriculture value added (% of GDP) 3.0 2.4 1.3
Industry value added (% of GDP) 37.9 37.6 23.6
Manufacturing value added (% of GDP) 26.3 24.5 14.8
Services value added (% of GDP) 59.1 60.0 75.1
Inflation (annual % change in consumer price index) 1.8 1.4
Exchange rate (local currency units per $) 24.0 19.1
Exports of goods and services (% of GDP) 72.2 79.3 27.8
Imports of goods and services (% of GDP) 69.0 74.5 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 64
Time to start a business (days) 40 20 17
Procedures to start a business (number) 10 9 6
Firing cost (weeks of wages) 22.0 22.0 38.4
Resolving insolvency (years) 9.2 3.2 2.1
Total tax rate (% of commercial profits) 49.6 49.1 37.4
Profit tax (% of commercial profits) .. 7.5 13.0
New businesses registered (thousands) 14.1 21.7
New business density (new regis. per 1,000 working-age pop.) 1.9 3.0 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 1.9 10.4
Firms expected to give gifts in meetings with tax officials (%) 36.0 0.2
Firms using banks to finance investments (% of firms) 20.8 33.4
Delay in obtaining an electrical connection (days) 15.4 50.2
ISO certification ownership (% of firms) 15.9 43.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 9.3 3.5 2.1
Gross fixed capital formation (% of GDP) 24.9 21.3 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.7 –4.9 –7.5
Government debt (% of GDP) 23.0 36.2 58.2
Deposit money banks’ assets (% of GDP) 48.5 66.0 139.2
Total financial system deposits (% of GDP) 49.9 62.5 108.8
Bank capital to asset ratio (%) 5.4 6.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 3.9 6.2 4.1
Domestic credit to the private sector (% of GDP) 37.0 56.2 164.0
Real interest rate (%) 6.1 7.1
Interest rate spread (percentage points) 4.6 4.8 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 .. 81.1
Electric power consumption (kWh per capita) 6,342 6,114 9,064
Power outages in firms a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 115.0 136.8 110.5
Internet users (per 100 people) 35.2 68.6 73.4

The Little Data Book on Private Sector Development 2012 69


Denmark
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.4 5.5 1,127
Labor force (millions) 2.9 2.9 551
Unemployment rate (% of labor force) 4.8 7.4 8.5
GNI per capita, World Bank Atlas method ($) 48,590 59,400 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.2 –0.6 0.6
Agriculture value added (% of GDP) 1.4 1.2 1.3
Industry value added (% of GDP) 25.5 21.9 23.6
Manufacturing value added (% of GDP) 14.2 12.2 14.8
Services value added (% of GDP) 73.1 76.9 75.1
Inflation (annual % change in consumer price index) 1.8 2.3
Exchange rate (local currency units per $) 6.0 5.6
Exports of goods and services (% of GDP) 49.0 50.3 27.8
Imports of goods and services (% of GDP) 44.1 45.1 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 5
Time to start a business (days) 6 6 17
Procedures to start a business (number) 4 4 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) 3.3 1.0 2.1
Total tax rate (% of commercial profits) 34.7 27.5 37.4
Profit tax (% of commercial profits) .. 20.1 13.0
New businesses registered (thousands) 21.1 16.5
New business density (new regis. per 1,000 working-age pop.) 5.9 4.6 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 5.0 –2.5 2.1
Gross fixed capital formation (% of GDP) 19.5 17.2 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 5.4 –2.1 –7.5
Government debt (% of GDP) 36.7 40.8 58.2
Deposit money banks’ assets (% of GDP) 181.0 225.3 139.2
Total financial system deposits (% of GDP) 48.0 55.9 108.8
Bank capital to asset ratio (%) 5.7 5.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.4 4.1 4.1
Domestic credit to the private sector (% of GDP) 171.8 223.5 164.0
Real interest rate (%) 4.7 ..
Interest rate spread (percentage points) 4.7 .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 6,659 6,246 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 100.5 124.8 110.5
Internet users (per 100 people) 82.7 88.8 73.4

70 2012 The Little Data Book on Private Sector Development


Dijbouti
Middle East & North Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.81 0.89 2,519
Labor force (millions) 0.25 0.29 994
Unemployment rate (% of labor force) 59.5 .. ..
GNI per capita, World Bank Atlas method ($) 990 1,270 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 3.0 5.2 6.4
Agriculture value added (% of GDP) 3.5 .. 17.0
Industry value added (% of GDP) 16.6 .. 31.3
Manufacturing value added (% of GDP) 2.6 .. 16.4
Services value added (% of GDP) 79.9 .. 51.7
Inflation (annual % change in consumer price index) 3.1 4.0
Exchange rate (local currency units per $) 177.7 177.7
Exports of goods and services (% of GDP) 40.6 .. 27.6
Imports of goods and services (% of GDP) 50.9 .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 170
Time to start a business (days) 37 37 34
Procedures to start a business (number) 11 11 8
Firing cost (weeks of wages) 56.0 56.0 63.9
Resolving insolvency (years) 5.0 5.0 3.3
Total tax rate (% of commercial profits) 38.7 38.7 40.4
Profit tax (% of commercial profits) .. 17.7 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 180 396 301,804
Private foreign direct investment, net (% of GDP) 3.1 9.2 2.1
Gross fixed capital formation (% of GDP) 19.0 .. 25.7
Gross fixed private capital formation (% of GDP) 9.7 .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 22.0 32.5 58.0
Total financial system deposits (% of GDP) 67.0 78.9 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 20.1 29.3 40.1
Real interest rate (%) 7.8 9.3
Interest rate spread (percentage points) 10.3 9.3 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 5.4 18.6 71.7
Internet users (per 100 people) 1.0 6.5 13.5

The Little Data Book on Private Sector Development 2012 71


Dominica
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.07 0.07 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 5,210 6,740 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 2.1 3.5 6.3
Agriculture value added (% of GDP) 13.7 13.4 7.4
Industry value added (% of GDP) 15.5 15.1 36.8
Manufacturing value added (% of GDP) 4.8 3.5 21.3
Services value added (% of GDP) 70.9 71.5 55.8
Inflation (annual % change in consumer price index) 1.7 3.2
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 34.7 32.1 28.8
Imports of goods and services (% of GDP) 53.3 55.0 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 65
Time to start a business (days) 14 14 38
Procedures to start a business (number) 5 5 8
Firing cost (weeks of wages) 58.0 58.0 41.4
Resolving insolvency (years) 4.0 4.0 2.8
Total tax rate (% of commercial profits) 37.3 37.5 41.9
Profit tax (% of commercial profits) .. 25.9 17.0
New businesses registered (thousands) 0.2 0.2
New business density (new regis. per 1,000 working-age pop.) 3.5 3.3 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 5 259,433
Private foreign direct investment, net (% of GDP) 5.2 5.2 2.7
Gross fixed capital formation (% of GDP) 23.4 22.6 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 54.0 54.1 94.3
Total financial system deposits (% of GDP) 73.3 83.0 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 48.1 56.2 83.2
Real interest rate (%) 10.8 9.4
Interest rate spread (percentage points) 6.8 6.2 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 75.4 155.2 84.5
Internet users (per 100 people) 38.5 47.3 34.1

72 2012 The Little Data Book on Private Sector Development


Dominican Republic
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.3 9.9 2,452
Labor force (millions) 4.0 4.4 1,314
Unemployment rate (% of labor force) 18.0 14.3 5.8
GNI per capita, World Bank Atlas method ($) 2,900 5,030 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 3.1 6.7 6.3
Agriculture value added (% of GDP) 7.5 6.2 7.4
Industry value added (% of GDP) 32.1 32.0 36.8
Manufacturing value added (% of GDP) 22.9 24.1 21.3
Services value added (% of GDP) 60.5 61.7 55.8
Inflation (annual % change in consumer price index) 4.2 6.3
Exchange rate (local currency units per $) 30.4 36.9
Exports of goods and services (% of GDP) 30.0 22.3 28.8
Imports of goods and services (% of GDP) 35.5 34.0 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 108
Time to start a business (days) 74 19 38
Procedures to start a business (number) 9 7 8
Firing cost (weeks of wages) 88.0 88.0 41.4
Resolving insolvency (years) 3.5 3.5 2.8
Total tax rate (% of commercial profits) 36.2 41.7 41.9
Profit tax (% of commercial profits) .. 21.3 17.0
New businesses registered (thousands) .. 12.9
New business density (new regis. per 1,000 working-age pop.) .. 2.1 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 8.8 ..
Firms expected to give gifts in meetings with tax officials (%) 17.3 ..
Firms using banks to finance investments (% of firms) 12.5 ..
Delay in obtaining an electrical connection (days) 30.2 ..
ISO certification ownership (% of firms) 9.6 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 2,599 1,169 259,433
Private foreign direct investment, net (% of GDP) 3.3 3.1 2.7
Gross fixed capital formation (% of GDP) 16.4 16.3 27.5
Gross fixed private capital formation (% of GDP) .. 0.0 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.5 –3.6 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 21.0 23.6 94.3
Total financial system deposits (% of GDP) 19.4 20.3 51.2
Bank capital to asset ratio (%) 9.4 9.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 5.9 2.9 3.7
Domestic credit to the private sector (% of GDP) 23.3 22.7 83.2
Real interest rate (%) 20.9 6.7
Interest rate spread (percentage points) 10.2 7.3 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 1,276 1,358 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 39.1 89.6 84.5
Internet users (per 100 people) 11.5 39.5 34.1

The Little Data Book on Private Sector Development 2012 73


Ecuador
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 13.4 14.5 2,452
Labor force (millions) 6.4 6.9 1,314
Unemployment rate (% of labor force) 7.7 6.5 5.8
GNI per capita, World Bank Atlas method ($) 2,620 3,850 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.6 3.6 6.3
Agriculture value added (% of GDP) 7.0 7.0 7.4
Industry value added (% of GDP) 35.8 38.1 36.8
Manufacturing value added (% of GDP) 9.4 9.9 21.3
Services value added (% of GDP) 57.1 54.9 55.8
Inflation (annual % change in consumer price index) 2.4 3.6
Exchange rate (local currency units per $) 25,000.0 ..
Exports of goods and services (% of GDP) 30.9 32.9 28.8
Imports of goods and services (% of GDP) 32.0 38.6 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 130
Time to start a business (days) 69 56 38
Procedures to start a business (number) 14 13 8
Firing cost (weeks of wages) 135.0 135.0 41.4
Resolving insolvency (years) 5.3 5.3 2.8
Total tax rate (% of commercial profits) 35.3 35.3 41.9
Profit tax (% of commercial profits) .. 18.4 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 17.3 22.5
Firms expected to give gifts in meetings with tax officials (%) 11.3 0.4
Firms using banks to finance investments (% of firms) 24.0 17.0
Delay in obtaining an electrical connection (days) 23.3 10.7
ISO certification ownership (% of firms) 18.2 9.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,865 2,898 259,433
Private foreign direct investment, net (% of GDP) 1.3 0.3 2.7
Gross fixed capital formation (% of GDP) 22.1 25.2 27.5
Gross fixed private capital formation (% of GDP) 17.2 12.1 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 94.3
Total financial system deposits (% of GDP) .. .. 51.2
Bank capital to asset ratio (%) 8.4 8.9 10.4
Bank nonperforming loans to total gross loans ratio (%) 4.9 3.5 3.7
Domestic credit to the private sector (% of GDP) 23.3 30.8 83.2
Real interest rate (%) 2.4 ..
Interest rate spread (percentage points) 6.0 .. 5.8
   
Infrastructure      
Paved roads (% of total roads) 14.8 .. 57.6
Electric power consumption (kWh per capita) 780 1,115 2,714
Power outages in firms a typical month (number) 2.5 2.6
Mobile cellular subscriptions (per 100 people) 46.5 102.2 84.5
Internet users (per 100 people) 6.0 29.0 34.1

74 2012 The Little Data Book on Private Sector Development


Egypt, Arab Rep.
Middle East & North Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 74.2 81.1 2,519
Labor force (millions) 23.9 27.1 994
Unemployment rate (% of labor force) 11.2 9.4 ..
GNI per capita, World Bank Atlas method ($) 1,250 2,420 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 3.4 6.2 6.4
Agriculture value added (% of GDP) 14.9 14.0 17.0
Industry value added (% of GDP) 35.9 37.5 31.3
Manufacturing value added (% of GDP) 17.0 15.8 16.4
Services value added (% of GDP) 49.2 48.5 51.7
Inflation (annual % change in consumer price index) 4.9 11.3
Exchange rate (local currency units per $) 5.8 5.6
Exports of goods and services (% of GDP) 30.3 21.3 27.6
Imports of goods and services (% of GDP) 32.6 26.1 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 110
Time to start a business (days) 22 7 34
Procedures to start a business (number) 10 6 8
Firing cost (weeks of wages) 132.0 132.0 63.9
Resolving insolvency (years) 4.2 4.2 3.3
Total tax rate (% of commercial profits) 54.3 43.6 40.4
Profit tax (% of commercial profits) .. 13.0 16.0
New businesses registered (thousands) 3.9 6.3
New business density (new regis. per 1,000 working-age pop.) 0.1 0.1 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 8.8
Firms expected to give gifts in meetings with tax officials (%) 23.8 5.3
Firms using banks to finance investments (% of firms) 10.5 5.6
Delay in obtaining an electrical connection (days) 133.9 77.2
ISO certification ownership (% of firms) 12.0 21.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 4,971 13,291 301,804
Private foreign direct investment, net (% of GDP) 6.0 2.9 2.1
Gross fixed capital formation (% of GDP) 17.9 18.6 25.7
Gross fixed private capital formation (% of GDP) 8.6 12.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –6.4 –7.7 –3.6
Government debt (% of GDP) 85.8 .. ..
Deposit money banks’ assets (% of GDP) 74.0 59.6 58.0
Total financial system deposits (% of GDP) 88.4 68.8 52.1
Bank capital to asset ratio (%) 6.1 6.2 ..
Bank nonperforming loans to total gross loans ratio (%) 26.5 11.0 ..
Domestic credit to the private sector (% of GDP) 51.2 33.1 40.1
Real interest rate (%) 6.5 0.8
Interest rate spread (percentage points) 5.9 4.8 8.7
   
Infrastructure      
Paved roads (% of total roads) 81.0 89.4 48.6
Electric power consumption (kWh per capita) 1,284 1,549 644
Power outages in firms a typical month (number) 8.7 0.8
Mobile cellular subscriptions (per 100 people) 18.4 87.1 71.7
Internet users (per 100 people) 11.7 26.7 13.5

The Little Data Book on Private Sector Development 2012 75


El Salvador
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 6.1 6.2 2,519
Labor force (millions) 2.3 2.6 994
Unemployment rate (% of labor force) 7.2 7.3 ..
GNI per capita, World Bank Atlas method ($) 2,820 3,380 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 2.3 1.2 6.4
Agriculture value added (% of GDP) 10.6 12.7 17.0
Industry value added (% of GDP) 29.9 27.0 31.3
Manufacturing value added (% of GDP) 23.1 20.6 16.4
Services value added (% of GDP) 59.5 60.3 51.7
Inflation (annual % change in consumer price index) 4.7 1.2
Exchange rate (local currency units per $) 8.8 8.8
Exports of goods and services (% of GDP) 25.6 26.2 27.6
Imports of goods and services (% of GDP) 44.2 43.6 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 112
Time to start a business (days) 40 17 34
Procedures to start a business (number) 12 8 8
Firing cost (weeks of wages) 86.0 86.0 63.9
Resolving insolvency (years) 4.0 4.0 3.3
Total tax rate (% of commercial profits) 34.8 35.0 40.4
Profit tax (% of commercial profits) .. 16.5 16.0
New businesses registered (thousands) 1.6 4.4
New business density (new regis. per 1,000 working-age pop.) 0.5 1.2 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.2 19.7
Firms expected to give gifts in meetings with tax officials (%) 2.6 0.3
Firms using banks to finance investments (% of firms) 17.3 31.7
Delay in obtaining an electrical connection (days) 22.1 28.6
ISO certification ownership (% of firms) 11.0 14.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,196 1,054 301,804
Private foreign direct investment, net (% of GDP) 0.3 0.0 2.1
Gross fixed capital formation (% of GDP) 15.3 13.3 25.7
Gross fixed private capital formation (% of GDP) 12.9 11.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –4.4 –2.7 –3.6
Government debt (% of GDP) 48.3 50.0 ..
Deposit money banks’ assets (% of GDP) 5.2 5.0 58.0
Total financial system deposits (% of GDP) 4.4 5.0 52.1
Bank capital to asset ratio (%) 11.1 13.9 ..
Bank nonperforming loans to total gross loans ratio (%) 1.9 3.9 ..
Domestic credit to the private sector (% of GDP) 42.8 41.0 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 747 845 644
Power outages in firms a typical month (number) 2.3 2.1
Mobile cellular subscriptions (per 100 people) 39.9 124.3 71.7
Internet users (per 100 people) 4.2 15.9 13.5

76 2012 The Little Data Book on Private Sector Development


Equatorial Guinea
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.61 0.70 1,127
Labor force (millions) 0.31 0.37 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) 5,220 14,550 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 25.9 8.9 0.6
Agriculture value added (% of GDP) 2.6 3.2 1.3
Industry value added (% of GDP) 94.4 92.6 23.6
Manufacturing value added (% of GDP) 6.2 13.6 14.8
Services value added (% of GDP) 3.0 4.2 75.1
Inflation (annual % change in consumer price index) 5.6 6.6
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 87.4 69.9 27.8
Imports of goods and services (% of GDP) 43.6 57.8 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 155
Time to start a business (days) 137 137 17
Procedures to start a business (number) 20 21 6
Firing cost (weeks of wages) 133.0 133.0 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) 46.0 46.0 37.4
Profit tax (% of commercial profits) .. 0.0 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 9.4 5.0 2.1
Gross fixed capital formation (% of GDP) 37.6 60.2 17.9
Gross fixed private capital formation (% of GDP) 27.4 17.2 ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 2.6 9.0 139.2
Total financial system deposits (% of GDP) 5.8 12.1 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 2.1 7.7 164.0
Real interest rate (%) –17.5 ..
Interest rate spread (percentage points) 12.7 .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 15.9 57.0 110.5
Internet users (per 100 people) 1.1 6.0 73.4

The Little Data Book on Private Sector Development 2012 77


Eritrea
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.5 5.3 796
Labor force (millions) 2.2 2.6 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 250 340 530
GDP growth, 2000–05 and 2005–10 (average annual %) 1.9 –1.3 5.7
Agriculture value added (% of GDP) 24.2 14.5 25.6
Industry value added (% of GDP) 21.9 22.4 25.6
Manufacturing value added (% of GDP) 7.3 5.7 14.2
Services value added (% of GDP) 53.9 63.0 48.8
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 15.4 15.4
Exports of goods and services (% of GDP) 6.2 4.5 20.8
Imports of goods and services (% of GDP) 54.9 20.4 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 180
Time to start a business (days) 76 84 33
Procedures to start a business (number) 13 13 8
Firing cost (weeks of wages) 69.0 69.0 63.5
Resolving insolvency (years) .. .. 3.7
Total tax rate (% of commercial profits) 84.5 84.5 67.8
Profit tax (% of commercial profits) .. 8.8 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 0.5
Firms expected to give gifts in meetings with tax officials (%) .. 0.0
Firms using banks to finance investments (% of firms) .. 11.9
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. 15.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 40 .. 21,616
Private foreign direct investment, net (% of GDP) –0.1 2.6 3.2
Gross fixed capital formation (% of GDP) 19.7 .. 22.4
Gross fixed private capital formation (% of GDP) 1.9 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 34.8
Total financial system deposits (% of GDP) .. .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 27.6 16.0 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) 54 51 229
Power outages in firms a typical month (number) .. 3.0
Mobile cellular subscriptions (per 100 people) 0.9 3.5 33.1
Internet users (per 100 people) 1.8 5.4 5.6

78 2012 The Little Data Book on Private Sector Development


Estonia
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.3 1.3 1,127
Labor force (millions) 0.67 0.70 551
Unemployment rate (% of labor force) 7.9 16.9 8.5
GNI per capita, World Bank Atlas method ($) 9,760 14,460 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 8.0 –1.3 0.6
Agriculture value added (% of GDP) 3.5 2.9 1.3
Industry value added (% of GDP) 28.6 29.1 23.6
Manufacturing value added (% of GDP) 17.2 16.7 14.8
Services value added (% of GDP) 67.9 68.0 75.1
Inflation (annual % change in consumer price index) 4.1 3.0
Exchange rate (local currency units per $) 12.6 0.8
Exports of goods and services (% of GDP) 77.7 78.3 27.8
Imports of goods and services (% of GDP) 84.2 71.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 24
Time to start a business (days) 35 7 17
Procedures to start a business (number) 6 5 6
Firing cost (weeks of wages) 35.0 35.0 38.4
Resolving insolvency (years) 3.0 3.0 2.1
Total tax rate (% of commercial profits) 51.1 58.6 37.4
Profit tax (% of commercial profits) .. 8.0 13.0
New businesses registered (thousands) 6.2 ..
New business density (new regis. per 1,000 working-age pop.) 6.9 .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.1 5.5
Firms expected to give gifts in meetings with tax officials (%) 13.7 0.0
Firms using banks to finance investments (% of firms) 25.0 41.5
Delay in obtaining an electrical connection (days) 7.2 207.2
ISO certification ownership (% of firms) 12.9 21.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 21.2 8.0 2.1
Gross fixed capital formation (% of GDP) 32.1 18.6 17.9
Gross fixed private capital formation (% of GDP) 28.7 1.3 ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.0 –1.3 –7.5
Government debt (% of GDP) 5.9 9.0 58.2
Deposit money banks’ assets (% of GDP) 71.3 100.7 139.2
Total financial system deposits (% of GDP) 42.8 57.0 108.8
Bank capital to asset ratio (%) 8.7 9.3 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.2 5.4 4.1
Domestic credit to the private sector (% of GDP) 69.7 97.2 164.0
Real interest rate (%) –0.5 6.2
Interest rate spread (percentage points) 2.8 6.7 ..
   
Infrastructure      
Paved roads (% of total roads) 22.7 .. 81.1
Electric power consumption (kWh per capita) 5,567 5,950 9,064
Power outages in firms a typical month (number) .. 1.2
Mobile cellular subscriptions (per 100 people) 107.4 123.3 110.5
Internet users (per 100 people) 61.4 74.2 73.4

The Little Data Book on Private Sector Development 2012 79


Ethiopia
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 74.3 83.0 796
Labor force (millions) 34.9 40.8 364
Unemployment rate (% of labor force) 5.4 20.5 ..
GNI per capita, World Bank Atlas method ($) 160 390 530
GDP growth, 2000–05 and 2005–10 (average annual %) 5.6 10.4 5.7
Agriculture value added (% of GDP) 46.7 47.7 25.6
Industry value added (% of GDP) 13.0 14.3 25.6
Manufacturing value added (% of GDP) 4.8 5.2 14.2
Services value added (% of GDP) 40.3 38.0 48.8
Inflation (annual % change in consumer price index) 11.6 8.1
Exchange rate (local currency units per $) 8.7 14.4
Exports of goods and services (% of GDP) 15.1 11.4 20.8
Imports of goods and services (% of GDP) 35.5 32.5 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 111
Time to start a business (days) 32 9 33
Procedures to start a business (number) 7 5 8
Firing cost (weeks of wages) 40.0 40.0 63.5
Resolving insolvency (years) 3.0 3.0 3.7
Total tax rate (% of commercial profits) 31.1 31.1 67.8
Profit tax (% of commercial profits) .. 26.8 18.7
New businesses registered (thousands) 0.8 1.3
New business density (new regis. per 1,000 working-age pop.) 0.0 0.0 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.8 ..
Firms expected to give gifts in meetings with tax officials (%) 4.4 ..
Firms using banks to finance investments (% of firms) 11.0 ..
Delay in obtaining an electrical connection (days) 44.2 ..
ISO certification ownership (% of firms) 4.2 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 4 21,616
Private foreign direct investment, net (% of GDP) 2.2 1.0 3.2
Gross fixed capital formation (% of GDP) 23.0 21.5 22.4
Gross fixed private capital formation (% of GDP) 8.3 5.0 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –4.5 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 29.0 23.8 34.8
Total financial system deposits (% of GDP) 35.5 27.1 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 23.0 17.8 29.7
Real interest rate (%) –2.6 –17.1
Interest rate spread (percentage points) 3.5 3.3 9.8
   
Infrastructure      
Paved roads (% of total roads) 11.0 .. 20.7
Electric power consumption (kWh per capita) 34 46 229
Power outages in firms a typical month (number) 5.0 ..
Mobile cellular subscriptions (per 100 people) 0.6 8.3 33.1
Internet users (per 100 people) 0.2 0.7 5.6

80 2012 The Little Data Book on Private Sector Development


Faeroe Islands
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.05 0.05 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 3.2 .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 6.0 5.6
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 87.1 122.0 110.5
Internet users (per 100 people) 67.9 75.2 73.4

The Little Data Book on Private Sector Development 2012 81


Fiji
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.82 0.86 2,519
Labor force (millions) 0.34 0.36 994
Unemployment rate (% of labor force) 4.6 .. ..
GNI per capita, World Bank Atlas method ($) 3,590 3,630 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 2.6 0.1 6.4
Agriculture value added (% of GDP) 14.1 12.1 17.0
Industry value added (% of GDP) 19.2 19.7 31.3
Manufacturing value added (% of GDP) 14.2 15.0 16.4
Services value added (% of GDP) 66.8 68.2 51.7
Inflation (annual % change in consumer price index) 2.4 5.5
Exchange rate (local currency units per $) 1.7 1.9
Exports of goods and services (% of GDP) 52.9 52.5 27.6
Imports of goods and services (% of GDP) 65.1 64.4 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 77
Time to start a business (days) 46 45 34
Procedures to start a business (number) 8 9 8
Firing cost (weeks of wages) 2.0 22.0 63.9
Resolving insolvency (years) 1.8 1.8 3.3
Total tax rate (% of commercial profits) 41.5 38.3 40.4
Profit tax (% of commercial profits) .. 28.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 4.4
Firms expected to give gifts in meetings with tax officials (%) .. 4.5
Firms using banks to finance investments (% of firms) .. 37.1
Delay in obtaining an electrical connection (days) .. 19.0
ISO certification ownership (% of firms) .. 22.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 50 140 301,804
Private foreign direct investment, net (% of GDP) 5.2 6.2 2.1
Gross fixed capital formation (% of GDP) 21.0 20.7 25.7
Gross fixed private capital formation (% of GDP) 17.9 18.1 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.3 .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 50.2 .. 58.0
Total financial system deposits (% of GDP) 48.5 .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 44.4 52.4 40.1
Real interest rate (%) 0.0 –0.6
Interest rate spread (percentage points) 5.0 2.1 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 1.7
Mobile cellular subscriptions (per 100 people) 24.9 81.2 71.7
Internet users (per 100 people) 8.5 14.8 13.5

82 2012 The Little Data Book on Private Sector Development


Finland
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.2 5.4 1,127
Labor force (millions) 2.6 2.7 551
Unemployment rate (% of labor force) 8.4 8.4 8.5
GNI per capita, World Bank Atlas method ($) 38,550 47,570 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.6 0.4 0.6
Agriculture value added (% of GDP) 2.8 2.9 1.3
Industry value added (% of GDP) 32.4 29.0 23.6
Manufacturing value added (% of GDP) 23.4 18.9 14.8
Services value added (% of GDP) 64.8 68.1 75.1
Inflation (annual % change in consumer price index) 0.9 1.2
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 41.8 40.4 27.8
Imports of goods and services (% of GDP) 37.7 39.1 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 11
Time to start a business (days) 14 14 17
Procedures to start a business (number) 3 3 6
Firing cost (weeks of wages) 26.0 26.0 38.4
Resolving insolvency (years) 0.9 0.9 2.1
Total tax rate (% of commercial profits) 49.5 39.0 37.4
Profit tax (% of commercial profits) .. 13.7 13.0
New businesses registered (thousands) 9.0 11.8
New business density (new regis. per 1,000 working-age pop.) 2.6 3.4 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 2.5 3.0 2.1
Gross fixed capital formation (% of GDP) 20.1 18.9 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 3.3 4.6 –7.5
Government debt (% of GDP) 44.0 36.0 58.2
Deposit money banks’ assets (% of GDP) 77.5 100.3 139.2
Total financial system deposits (% of GDP) 49.7 63.8 108.8
Bank capital to asset ratio (%) 9.2 5.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.3 0.6 4.1
Domestic credit to the private sector (% of GDP) 75.1 95.2 164.0
Real interest rate (%) 3.2 ..
Interest rate spread (percentage points) 2.7 .. ..
   
Infrastructure      
Paved roads (% of total roads) 65.0 65.5 81.1
Electric power consumption (kWh per capita) 16,120 15,242 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 100.5 156.4 110.5
Internet users (per 100 people) 74.5 86.9 73.4

The Little Data Book on Private Sector Development 2012 83


France
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 63.0 64.9 1,127
Labor force (millions) 28.8 29.9 551
Unemployment rate (% of labor force) 8.9 9.3 8.5
GNI per capita, World Bank Atlas method ($) 34,890 42,370 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.5 0.4 0.6
Agriculture value added (% of GDP) 2.3 1.8 1.3
Industry value added (% of GDP) 20.8 19.0 23.6
Manufacturing value added (% of GDP) 13.3 10.7 14.8
Services value added (% of GDP) 76.9 79.2 75.1
Inflation (annual % change in consumer price index) 1.7 1.5
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 26.4 25.5 27.8
Imports of goods and services (% of GDP) 27.0 27.8 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 29
Time to start a business (days) 7 7 17
Procedures to start a business (number) 5 5 6
Firing cost (weeks of wages) 32.0 32.0 38.4
Resolving insolvency (years) 1.9 1.9 2.1
Total tax rate (% of commercial profits) 66.0 65.7 37.4
Profit tax (% of commercial profits) .. 8.2 13.0
New businesses registered (thousands) 117.3 128.9
New business density (new regis. per 1,000 working-age pop.) 2.9 3.1 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 4.0 1.3 2.1
Gross fixed capital formation (% of GDP) 19.3 19.3 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.8 –7.3 –7.5
Government debt (% of GDP) 72.6 83.5 58.2
Deposit money banks’ assets (% of GDP) 108.7 132.2 139.2
Total financial system deposits (% of GDP) 69.1 82.0 108.8
Bank capital to asset ratio (%) 4.4 4.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 3.5 4.2 4.1
Domestic credit to the private sector (% of GDP) 92.7 114.4 164.0
Real interest rate (%) 4.8 ..
Interest rate spread (percentage points) 4.4 .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 7,677 7,488 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 76.3 97.4 110.5
Internet users (per 100 people) 41.5 77.5 73.4

84 2012 The Little Data Book on Private Sector Development


French Polynesia
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.25 0.27 1,127
Labor force (millions) 0.11 0.12 551
Unemployment rate (% of labor force) 11.7 .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 96.0 ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 47.1 79.7 110.5
Internet users (per 100 people) 21.5 49.0 73.4

The Little Data Book on Private Sector Development 2012 85


Gabon
Sub-Saharan Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.4 1.5 2,452
Labor force (millions) 0.51 0.59 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 5,110 7,650 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 1.6 2.5 6.3
Agriculture value added (% of GDP) 4.9 4.1 7.4
Industry value added (% of GDP) 61.4 59.7 36.8
Manufacturing value added (% of GDP) 4.1 3.5 21.3
Services value added (% of GDP) 33.8 36.2 55.8
Inflation (annual % change in consumer price index) 3.7 1.5
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 64.7 61.6 28.8
Imports of goods and services (% of GDP) 27.7 36.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 156
Time to start a business (days) 58 58 38
Procedures to start a business (number) 9 9 8
Firing cost (weeks of wages) 43.0 43.0 41.4
Resolving insolvency (years) 5.0 5.0 2.8
Total tax rate (% of commercial profits) 45.1 43.5 41.9
Profit tax (% of commercial profits) .. 18.4 17.0
New businesses registered (thousands) 2.6 3.5
New business density (new regis. per 1,000 working-age pop.) 3.4 4.3 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 2.8
Firms expected to give gifts in meetings with tax officials (%) .. 22.8
Firms using banks to finance investments (% of firms) .. 6.3
Delay in obtaining an electrical connection (days) .. 34.5
ISO certification ownership (% of firms) .. 18.6
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 204 408 259,433
Private foreign direct investment, net (% of GDP) 2.8 1.3 2.7
Gross fixed capital formation (% of GDP) 21.3 26.7 27.5
Gross fixed private capital formation (% of GDP) 17.1 17.4 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 10.3 11.3 94.3
Total financial system deposits (% of GDP) 13.7 16.4 51.2
Bank capital to asset ratio (%) 11.1 11.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 14.1 9.9 3.7
Domestic credit to the private sector (% of GDP) 8.3 8.2 83.2
Real interest rate (%) 0.6 ..
Interest rate spread (percentage points) 12.7 .. 5.8
   
Infrastructure      
Paved roads (% of total roads) 10.2 .. 57.6
Electric power consumption (kWh per capita) 934 922 2,714
Power outages in firms a typical month (number) .. 7.2
Mobile cellular subscriptions (per 100 people) 53.7 107.0 84.5
Internet users (per 100 people) 4.9 7.2 34.1

86 2012 The Little Data Book on Private Sector Development


Gambia, The
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.5 1.7 796
Labor force (millions) 0.64 0.75 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 270 450 530
GDP growth, 2000–05 and 2005–10 (average annual %) 3.2 4.9 5.7
Agriculture value added (% of GDP) 32.1 26.9 25.6
Industry value added (% of GDP) 13.3 15.7 25.6
Manufacturing value added (% of GDP) 5.0 5.0 14.2
Services value added (% of GDP) 54.6 57.3 48.8
Inflation (annual % change in consumer price index) 4.8 5.0
Exchange rate (local currency units per $) 28.6 28.0
Exports of goods and services (% of GDP) 40.0 29.3 20.8
Imports of goods and services (% of GDP) 62.8 48.7 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 149
Time to start a business (days) 27 27 33
Procedures to start a business (number) 8 8 8
Firing cost (weeks of wages) 9.0 26.0 63.5
Resolving insolvency (years) 3.0 3.0 3.7
Total tax rate (% of commercial profits) 286.3 283.5 67.8
Profit tax (% of commercial profits) .. 6.1 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 7.3 ..
Firms expected to give gifts in meetings with tax officials (%) 13.6 ..
Firms using banks to finance investments (% of firms) 7.6 ..
Delay in obtaining an electrical connection (days) 63.9 ..
ISO certification ownership (% of firms) 22.2 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 7 35 21,616
Private foreign direct investment, net (% of GDP) 11.6 4.6 3.2
Gross fixed capital formation (% of GDP) 24.8 .. 22.4
Gross fixed private capital formation (% of GDP) 13.9 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 21.0 26.7 34.8
Total financial system deposits (% of GDP) 28.7 35.1 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 13.0 19.1 29.7
Real interest rate (%) 22.2 17.2
Interest rate spread (percentage points) 17.6 12.4 9.8
   
Infrastructure      
Paved roads (% of total roads) 19.3 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 23.7 ..
Mobile cellular subscriptions (per 100 people) 16.5 85.5 33.1
Internet users (per 100 people) 3.8 9.2 5.6

The Little Data Book on Private Sector Development 2012 87


Georgia
Europe & Central Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.4 4.5 2,519
Labor force (millions) 2.3 2.4 994
Unemployment rate (% of labor force) 13.8 16.5 ..
GNI per capita, World Bank Atlas method ($) 1,360 2,690 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 7.5 4.6 6.4
Agriculture value added (% of GDP) 16.7 8.4 17.0
Industry value added (% of GDP) 26.8 23.2 31.3
Manufacturing value added (% of GDP) 13.7 12.9 16.4
Services value added (% of GDP) 56.5 68.4 51.7
Inflation (annual % change in consumer price index) 8.2 7.1
Exchange rate (local currency units per $) 1.8 1.8
Exports of goods and services (% of GDP) 33.7 34.8 27.6
Imports of goods and services (% of GDP) 51.6 52.3 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 16
Time to start a business (days) 21 2 34
Procedures to start a business (number) 8 2 8
Firing cost (weeks of wages) 4.0 4.0 63.9
Resolving insolvency (years) 3.3 3.3 3.3
Total tax rate (% of commercial profits) 57.0 16.5 40.4
Profit tax (% of commercial profits) .. 14.3 16.0
New businesses registered (thousands) 4.0 7.2
New business density (new regis. per 1,000 working-age pop.) 1.3 2.3 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.9 2.1
Firms expected to give gifts in meetings with tax officials (%) 39.8 8.4
Firms using banks to finance investments (% of firms) 40.0 38.2
Delay in obtaining an electrical connection (days) 1.8 11.4
ISO certification ownership (% of firms) 17.5 16.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 241 2,364 301,804
Private foreign direct investment, net (% of GDP) 7.1 7.0 2.1
Gross fixed capital formation (% of GDP) 28.1 17.3 25.7
Gross fixed private capital formation (% of GDP) 22.2 9.1 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.5 –4.4 –3.6
Government debt (% of GDP) 40.9 36.7 ..
Deposit money banks’ assets (% of GDP) 15.1 33.6 58.0
Total financial system deposits (% of GDP) 10.5 23.3 52.1
Bank capital to asset ratio (%) 18.8 16.9 ..
Bank nonperforming loans to total gross loans ratio (%) 1.2 12.5 ..
Domestic credit to the private sector (% of GDP) 14.8 32.4 40.1
Real interest rate (%) 12.7 14.3
Interest rate spread (percentage points) 14.1 15.0 8.7
   
Infrastructure      
Paved roads (% of total roads) 94.1 .. 48.6
Electric power consumption (kWh per capita) 1,715 1,585 644
Power outages in firms a typical month (number) .. 3.3
Mobile cellular subscriptions (per 100 people) 26.9 89.4 71.7
Internet users (per 100 people) 6.2 26.3 13.5

88 2012 The Little Data Book on Private Sector Development


Germany
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 82.5 81.8 1,127
Labor force (millions) 41.4 42.2 551
Unemployment rate (% of labor force) 11.1 7.1 8.5
GNI per capita, World Bank Atlas method ($) 34,780 43,070 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 0.5 0.8 0.6
Agriculture value added (% of GDP) 0.9 0.9 1.3
Industry value added (% of GDP) 29.4 28.2 23.6
Manufacturing value added (% of GDP) 22.9 20.9 14.8
Services value added (% of GDP) 69.7 71.0 75.1
Inflation (annual % change in consumer price index) 1.6 1.1
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 41.3 46.8 27.8
Imports of goods and services (% of GDP) 36.1 41.4 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 19
Time to start a business (days) 24 15 17
Procedures to start a business (number) 9 9 6
Firing cost (weeks of wages) 69.0 69.0 38.4
Resolving insolvency (years) 1.2 1.2 2.1
Total tax rate (% of commercial profits) 49.2 46.7 37.4
Profit tax (% of commercial profits) .. 19.0 13.0
New businesses registered (thousands) 66.7 64.8
New business density (new regis. per 1,000 working-age pop.) 1.2 1.2 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 1.2 ..
Firms expected to give gifts in meetings with tax officials (%) 14.8 ..
Firms using banks to finance investments (% of firms) 45.0 ..
Delay in obtaining an electrical connection (days) 3.2 ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.7 1.4 2.1
Gross fixed capital formation (% of GDP) 17.3 17.5 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.3 –2.2 –7.5
Government debt (% of GDP) 44.6 47.6 58.2
Deposit money banks’ assets (% of GDP) 137.2 132.1 139.2
Total financial system deposits (% of GDP) 100.8 117.2 108.8
Bank capital to asset ratio (%) 4.1 4.3 6.8
Bank nonperforming loans to total gross loans ratio (%) 4.0 3.3 4.1
Domestic credit to the private sector (% of GDP) 112.6 107.8 164.0
Real interest rate (%) 8.1 ..
Interest rate spread (percentage points) 7.0 .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 .. 81.1
Electric power consumption (kWh per capita) 7,113 6,779 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 96.1 127.9 110.5
Internet users (per 100 people) 68.8 82.5 73.4

The Little Data Book on Private Sector Development 2012 89


Ghana
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 21.6 24.4 2,519
Labor force (millions) 9.1 10.4 994
Unemployment rate (% of labor force) 3.6 .. ..
GNI per capita, World Bank Atlas method ($) 460 1,250 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.1 6.6 6.4
Agriculture value added (% of GDP) 40.9 29.9 17.0
Industry value added (% of GDP) 27.5 18.6 31.3
Manufacturing value added (% of GDP) 9.5 6.8 16.4
Services value added (% of GDP) 31.6 51.4 51.7
Inflation (annual % change in consumer price index) 15.1 10.7
Exchange rate (local currency units per $) 0.9 1.4
Exports of goods and services (% of GDP) 36.4 29.3 27.6
Imports of goods and services (% of GDP) 61.7 41.1 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 63
Time to start a business (days) 18 12 34
Procedures to start a business (number) 11 7 8
Firing cost (weeks of wages) 178.0 178.0 63.9
Resolving insolvency (years) 1.9 1.9 3.3
Total tax rate (% of commercial profits) 40.1 33.6 40.4
Profit tax (% of commercial profits) .. 18.4 16.0
New businesses registered (thousands) 7.3 ..
New business density (new regis. per 1,000 working-age pop.) 0.6 .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.2 ..
Firms expected to give gifts in meetings with tax officials (%) 18.1 ..
Firms using banks to finance investments (% of firms) 16.0 ..
Delay in obtaining an electrical connection (days) 24.4 ..
ISO certification ownership (% of firms) 6.8 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 756 3,306 301,804
Private foreign direct investment, net (% of GDP) 1.4 7.8 2.1
Gross fixed capital formation (% of GDP) 29.0 21.7 25.7
Gross fixed private capital formation (% of GDP) 17.0 17.8 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.4 –5.6 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 18.5 24.2 58.0
Total financial system deposits (% of GDP) 17.7 22.8 52.1
Bank capital to asset ratio (%) 7.2 7.9 ..
Bank nonperforming loans to total gross loans ratio (%) 13.0 17.6 ..
Domestic credit to the private sector (% of GDP) 15.5 15.2 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 14.9 12.6 48.6
Electric power consumption (kWh per capita) 247 265 644
Power outages in firms a typical month (number) 9.7 ..
Mobile cellular subscriptions (per 100 people) 13.3 71.5 71.7
Internet users (per 100 people) 1.8 9.5 13.5

90 2012 The Little Data Book on Private Sector Development


Gibraltar
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.03 0.03 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 0.5 0.6
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) 4,987 5,947 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 68.8 102.6 110.5
Internet users (per 100 people) 39.1 65.0 73.4

The Little Data Book on Private Sector Development 2012 91


Greece
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 11.1 11.3 1,127
Labor force (millions) 5.1 5.3 551
Unemployment rate (% of labor force) 9.9 12.5 8.5
GNI per capita, World Bank Atlas method ($) 21,400 26,950 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.2 0.1 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) 19.4 18.1 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) 3.5 4.7
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 23.2 21.5 27.8
Imports of goods and services (% of GDP) 32.5 30.4 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 100
Time to start a business (days) 38 10 17
Procedures to start a business (number) 15 10 6
Firing cost (weeks of wages) 24.0 24.0 38.4
Resolving insolvency (years) 2.0 2.0 2.1
Total tax rate (% of commercial profits) 54.6 46.4 37.4
Profit tax (% of commercial profits) .. 13.4 13.0
New businesses registered (thousands) 5.2 ..
New business density (new regis. per 1,000 working-age pop.) 0.7 .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 1.8 ..
Firms expected to give gifts in meetings with tax officials (%) 55.9 ..
Firms using banks to finance investments (% of firms) 25.9 ..
Delay in obtaining an electrical connection (days) 7.0 ..
ISO certification ownership (% of firms) 11.7 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.3 0.1 2.1
Gross fixed capital formation (% of GDP) 20.7 16.6 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –5.3 –15.6 –7.5
Government debt (% of GDP) 134.5 142.0 58.2
Deposit money banks’ assets (% of GDP) 99.8 139.6 139.2
Total financial system deposits (% of GDP) 83.8 94.1 108.8
Bank capital to asset ratio (%) 5.9 6.9 6.8
Bank nonperforming loans to total gross loans ratio (%) 6.3 10.4 4.1
Domestic credit to the private sector (% of GDP) 79.6 115.9 164.0
Real interest rate (%) 2.8 ..
Interest rate spread (percentage points) 4.3 .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) 5,242 5,540 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 92.4 108.6 110.5
Internet users (per 100 people) 24.2 44.6 73.4

92 2012 The Little Data Book on Private Sector Development


Greenland
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.06 0.06 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 9.3 .. 8.5
GNI per capita, World Bank Atlas method ($) 29,690 26,020 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 0.7 1.5 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 6.0 5.6
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 81.6 101.4 110.5
Internet users (per 100 people) 58.0 63.8 73.4

The Little Data Book on Private Sector Development 2012 93


Grenada
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.10 0.10 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 6,570 6,960 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 2.1 –0.7 6.3
Agriculture value added (% of GDP) 3.4 5.4 7.4
Industry value added (% of GDP) 26.5 14.2 36.8
Manufacturing value added (% of GDP) 3.4 4.6 21.3
Services value added (% of GDP) 70.1 80.4 55.8
Inflation (annual % change in consumer price index) 3.5 3.4
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 20.6 21.0 28.8
Imports of goods and services (% of GDP) 56.8 49.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 73
Time to start a business (days) 20 15 38
Procedures to start a business (number) 6 6 8
Firing cost (weeks of wages) 29.0 29.0 41.4
Resolving insolvency (years) 3.0 3.0 2.8
Total tax rate (% of commercial profits) 45.3 45.3 41.9
Profit tax (% of commercial profits) .. 27.6 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 7.7
Firms expected to give gifts in meetings with tax officials (%) .. 1.9
Firms using banks to finance investments (% of firms) .. 37.3
Delay in obtaining an electrical connection (days) .. 22.9
ISO certification ownership (% of firms) .. 32.6
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 19 24 259,433
Private foreign direct investment, net (% of GDP) 10.1 7.8 2.7
Gross fixed capital formation (% of GDP) 40.0 23.6 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 77.3 113.6 94.3
Total financial system deposits (% of GDP) 100.7 115.4 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 57.8 83.7 83.2
Real interest rate (%) 5.0 7.9
Interest rate spread (percentage points) 7.2 7.5 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. 1.2
Mobile cellular subscriptions (per 100 people) 45.6 117.3 84.5
Internet users (per 100 people) 20.5 33.6 34.1

94 2012 The Little Data Book on Private Sector Development


Guam
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.17 0.18 1,127
Labor force (millions) 0.07 0.08 551
Unemployment rate (% of labor force) 11.4 .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 59.1 .. 110.5
Internet users (per 100 people) 38.6 50.6 73.4

The Little Data Book on Private Sector Development 2012 95


Guatemala
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 12.7 14.4 2,519
Labor force (millions) 4.7 5.7 994
Unemployment rate (% of labor force) 1.8 .. ..
GNI per capita, World Bank Atlas method ($) 2,070 2,740 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 3.1 3.6 6.4
Agriculture value added (% of GDP) 13.4 12.9 17.0
Industry value added (% of GDP) 29.3 19.5 31.3
Manufacturing value added (% of GDP) 20.2 19.5 16.4
Services value added (% of GDP) 57.3 67.6 51.7
Inflation (annual % change in consumer price index) 9.1 3.9
Exchange rate (local currency units per $) 7.6 8.1
Exports of goods and services (% of GDP) 25.1 25.1 27.6
Imports of goods and services (% of GDP) 41.0 36.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 97
Time to start a business (days) 39 37 34
Procedures to start a business (number) 15 12 8
Firing cost (weeks of wages) 101.0 101.0 63.9
Resolving insolvency (years) 3.0 3.0 3.3
Total tax rate (% of commercial profits) 38.7 40.9 40.4
Profit tax (% of commercial profits) .. 25.9 16.0
New businesses registered (thousands) 4.2 5.1
New business density (new regis. per 1,000 working-age pop.) 0.6 0.7 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.2 10.2
Firms expected to give gifts in meetings with tax officials (%) 3.8 3.9
Firms using banks to finance investments (% of firms) 12.8 26.6
Delay in obtaining an electrical connection (days) 35.3 17.8
ISO certification ownership (% of firms) 8.0 11.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 670 2,753 301,804
Private foreign direct investment, net (% of GDP) 1.9 2.1 2.1
Gross fixed capital formation (% of GDP) 18.3 15.3 25.7
Gross fixed private capital formation (% of GDP) 15.5 .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.7 –3.1 –3.6
Government debt (% of GDP) 21.3 23.0 ..
Deposit money banks’ assets (% of GDP) 32.1 35.5 58.0
Total financial system deposits (% of GDP) 36.9 39.3 52.1
Bank capital to asset ratio (%) 8.5 10.3 ..
Bank nonperforming loans to total gross loans ratio (%) 4.2 2.1 ..
Domestic credit to the private sector (% of GDP) 25.1 23.4 40.1
Real interest rate (%) 7.0 8.0
Interest rate spread (percentage points) 8.7 7.9 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 477 548 644
Power outages in firms a typical month (number) 3.0 3.8
Mobile cellular subscriptions (per 100 people) 35.5 125.6 71.7
Internet users (per 100 people) 5.7 10.5 13.5

96 2012 The Little Data Book on Private Sector Development


Guinea
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.0 10.0 796
Labor force (millions) 3.6 4.1 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 360 400 530
GDP growth, 2000–05 and 2005–10 (average annual %) 3.6 2.2 5.7
Agriculture value added (% of GDP) 24.2 13.0 25.6
Industry value added (% of GDP) 38.9 47.4 25.6
Manufacturing value added (% of GDP) 4.1 4.8 14.2
Services value added (% of GDP) 36.9 39.6 48.8
Inflation (annual % change in consumer price index) 31.4 15.5
Exchange rate (local currency units per $) 3,644.3 5,726.1
Exports of goods and services (% of GDP) 33.8 35.0 20.8
Imports of goods and services (% of GDP) 35.1 39.4 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 179
Time to start a business (days) 40 40 33
Procedures to start a business (number) 12 12 8
Firing cost (weeks of wages) 26.0 26.0 63.5
Resolving insolvency (years) 3.8 3.8 3.7
Total tax rate (% of commercial profits) 49.9 54.3 67.8
Profit tax (% of commercial profits) .. 20.9 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.7 ..
Firms expected to give gifts in meetings with tax officials (%) 57.3 ..
Firms using banks to finance investments (% of firms) 0.9 ..
Delay in obtaining an electrical connection (days) 16.1 ..
ISO certification ownership (% of firms) 5.2 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 51 472 21,616
Private foreign direct investment, net (% of GDP) 3.6 2.2 3.2
Gross fixed capital formation (% of GDP) 18.6 20.1 22.4
Gross fixed private capital formation (% of GDP) 15.8 15.7 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 8.2 .. 34.8
Total financial system deposits (% of GDP) 10.0 .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 5.7 .. 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 9.8 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 33.9 ..
Mobile cellular subscriptions (per 100 people) 2.1 40.1 33.1
Internet users (per 100 people) 0.5 1.0 5.6

The Little Data Book on Private Sector Development 2012 97


Guinea-Bissau
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.4 1.5 796
Labor force (millions) 0.57 0.65 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 410 590 530
GDP growth, 2000–05 and 2005–10 (average annual %) –0.9 3.0 5.7
Agriculture value added (% of GDP) 57.3 .. 25.6
Industry value added (% of GDP) 13.1 .. 25.6
Manufacturing value added (% of GDP) 10.6 .. 14.2
Services value added (% of GDP) 29.6 .. 48.8
Inflation (annual % change in consumer price index) 3.3 2.5
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 29.8 .. 20.8
Imports of goods and services (% of GDP) 51.2 .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 176
Time to start a business (days) 259 9 33
Procedures to start a business (number) 17 9 8
Firing cost (weeks of wages) 87.0 87.0 63.5
Resolving insolvency (years) .. .. 3.7
Total tax rate (% of commercial profits) 54.3 45.9 67.8
Profit tax (% of commercial profits) .. 14.9 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.9 ..
Firms expected to give gifts in meetings with tax officials (%) 22.7 ..
Firms using banks to finance investments (% of firms) 0.7 ..
Delay in obtaining an electrical connection (days) 20.5 ..
ISO certification ownership (% of firms) 8.4 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 10 107 21,616
Private foreign direct investment, net (% of GDP) 1.5 1.0 3.2
Gross fixed capital formation (% of GDP) 9.6 .. 22.4
Gross fixed private capital formation (% of GDP) 0.7 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 2.1 7.1 34.8
Total financial system deposits (% of GDP) 3.9 9.4 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 1.1 6.2 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 27.9 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 9.2 ..
Mobile cellular subscriptions (per 100 people) 7.2 39.2 33.1
Internet users (per 100 people) 1.9 2.5 5.6

98 2012 The Little Data Book on Private Sector Development


Guyana
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.75 0.76 2,519
Labor force (millions) 0.28 0.30 994
Unemployment rate (% of labor force) 11.8 .. ..
GNI per capita, World Bank Atlas method ($) 1,090 2,870 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 0.8 4.1 6.4
Agriculture value added (% of GDP) 34.6 20.9 17.0
Industry value added (% of GDP) 20.0 32.7 31.3
Manufacturing value added (% of GDP) 3.7 4.1 16.4
Services value added (% of GDP) 45.4 46.4 51.7
Inflation (annual % change in consumer price index) 6.9 2.1
Exchange rate (local currency units per $) 199.9 203.6
Exports of goods and services (% of GDP) 84.6 .. 27.6
Imports of goods and services (% of GDP) 119.2 .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 114
Time to start a business (days) 46 26 34
Procedures to start a business (number) 8 8 8
Firing cost (weeks of wages) 56.0 56.0 63.9
Resolving insolvency (years) 3.0 3.0 3.3
Total tax rate (% of commercial profits) 39.3 36.1 40.4
Profit tax (% of commercial profits) .. 23.8 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.3 11.5
Firms expected to give gifts in meetings with tax officials (%) 5.4 4.6
Firms using banks to finance investments (% of firms) 32.6 34.5
Delay in obtaining an electrical connection (days) 93.4 36.9
ISO certification ownership (% of firms) 17.8 29.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 89 26 301,804
Private foreign direct investment, net (% of GDP) 9.3 12.1 2.1
Gross fixed capital formation (% of GDP) 24.8 26.7 25.7
Gross fixed private capital formation (% of GDP) 19.0 12.4 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 65.9 45.1 58.0
Total financial system deposits (% of GDP) 84.6 56.3 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 57.1 37.8 40.1
Real interest rate (%) 6.2 8.2
Interest rate spread (percentage points) 12.0 12.3 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 10.7
Mobile cellular subscriptions (per 100 people) 37.7 73.6 71.7
Internet users (per 100 people) .. 29.9 13.5

The Little Data Book on Private Sector Development 2012 99


Haiti
Latin America & Caribbean Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.3 10.0 796
Labor force (millions) 3.7 4.2 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 400 670 530
GDP growth, 2000–05 and 2005–10 (average annual %) –0.7 1.2 5.7
Agriculture value added (% of GDP) .. .. 25.6
Industry value added (% of GDP) .. .. 25.6
Manufacturing value added (% of GDP) .. .. 14.2
Services value added (% of GDP) .. .. 48.8
Inflation (annual % change in consumer price index) 15.7 5.7
Exchange rate (local currency units per $) 40.4 39.8
Exports of goods and services (% of GDP) 14.0 12.1 20.8
Imports of goods and services (% of GDP) 42.9 57.3 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 174
Time to start a business (days) 202 105 33
Procedures to start a business (number) 13 12 8
Firing cost (weeks of wages) 17.0 17.0 63.5
Resolving insolvency (years) 5.7 5.7 3.7
Total tax rate (% of commercial profits) 40.8 40.8 67.8
Profit tax (% of commercial profits) .. 24.1 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 24 307 21,616
Private foreign direct investment, net (% of GDP) 0.6 2.2 3.2
Gross fixed capital formation (% of GDP) .. .. 22.4
Gross fixed private capital formation (% of GDP) .. .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 19.0 .. 34.8
Total financial system deposits (% of GDP) 34.5 .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 14.5 14.0 29.7
Real interest rate (%) 19.9 11.5
Interest rate spread (percentage points) 36.8 16.7 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) 37 36 229
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 5.4 40.0 33.1
Internet users (per 100 people) 6.4 8.4 5.6

100 2012 The Little Data Book on Private Sector Development


Honduras
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 6.9 7.6 2,519
Labor force (millions) 2.5 3.0 994
Unemployment rate (% of labor force) 4.2 .. ..
GNI per capita, World Bank Atlas method ($) 1,400 1,870 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.7 3.3 6.4
Agriculture value added (% of GDP) 13.7 12.5 17.0
Industry value added (% of GDP) 28.7 26.5 31.3
Manufacturing value added (% of GDP) 20.9 18.4 16.4
Services value added (% of GDP) 57.6 60.9 51.7
Inflation (annual % change in consumer price index) 8.8 4.7
Exchange rate (local currency units per $) 18.8 18.9
Exports of goods and services (% of GDP) 59.0 43.9 27.6
Imports of goods and services (% of GDP) 77.5 64.6 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 128
Time to start a business (days) 62 14 34
Procedures to start a business (number) 13 13 8
Firing cost (weeks of wages) 74.0 95.0 63.9
Resolving insolvency (years) 3.8 3.8 3.3
Total tax rate (% of commercial profits) 44.5 44.0 40.4
Profit tax (% of commercial profits) .. 24.7 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.6 17.0
Firms expected to give gifts in meetings with tax officials (%) 6.1 2.8
Firms using banks to finance investments (% of firms) 8.5 17.0
Delay in obtaining an electrical connection (days) 27.6 23.3
ISO certification ownership (% of firms) 16.5 16.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 822 1,251 301,804
Private foreign direct investment, net (% of GDP) 6.1 5.2 2.1
Gross fixed capital formation (% of GDP) 24.9 23.4 25.7
Gross fixed private capital formation (% of GDP) 20.4 19.5 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.8 –3.1 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 39.2 49.4 58.0
Total financial system deposits (% of GDP) 42.6 46.5 52.1
Bank capital to asset ratio (%) 8.1 .. ..
Bank nonperforming loans to total gross loans ratio (%) 11.3 .. ..
Domestic credit to the private sector (% of GDP) 39.4 50.2 40.1
Real interest rate (%) 10.8 12.4
Interest rate spread (percentage points) 7.9 9.0 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 619 678 644
Power outages in firms a typical month (number) 2.9 3.9
Mobile cellular subscriptions (per 100 people) 18.6 125.1 71.7
Internet users (per 100 people) 6.5 11.1 13.5

The Little Data Book on Private Sector Development 2012 101


Hong Kong SAR, China
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 6.8 7.1 1,127
Labor force (millions) 3.6 3.7 551
Unemployment rate (% of labor force) 5.6 5.2 8.5
GNI per capita, World Bank Atlas method ($) 28,150 32,780 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.2 3.4 0.6
Agriculture value added (% of GDP) 0.1 0.1 1.3
Industry value added (% of GDP) 9.1 7.4 23.6
Manufacturing value added (% of GDP) 2.4 1.8 14.8
Services value added (% of GDP) 90.9 92.6 75.1
Inflation (annual % change in consumer price index) 0.9 2.3
Exchange rate (local currency units per $) 7.8 7.8
Exports of goods and services (% of GDP) 198.7 223.0 27.8
Imports of goods and services (% of GDP) 186.3 217.3 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 2
Time to start a business (days) 11 3 17
Procedures to start a business (number) 5 3 6
Firing cost (weeks of wages) 10.0 10.0 38.4
Resolving insolvency (years) 1.1 1.1 2.1
Total tax rate (% of commercial profits) 24.4 23.0 37.4
Profit tax (% of commercial profits) .. 17.6 13.0
New businesses registered (thousands) 65.8 101.0
New business density (new regis. per 1,000 working-age pop.) 13.0 19.2 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 18.9 31.7 2.1
Gross fixed capital formation (% of GDP) 20.9 21.5 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.4 1.1 –7.5
Government debt (% of GDP) 32.3 34.0 58.2
Deposit money banks’ assets (% of GDP) 164.6 233.4 139.2
Total financial system deposits (% of GDP) 246.8 319.4 108.8
Bank capital to asset ratio (%) 13.3 12.3 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.4 0.8 4.1
Domestic credit to the private sector (% of GDP) 146.2 189.0 164.0
Real interest rate (%) 7.8 4.5
Interest rate spread (percentage points) 6.5 5.0 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 5,878 5,925 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 125.4 195.2 110.5
Internet users (per 100 people) 56.9 71.8 73.4

102 2012 The Little Data Book on Private Sector Development


Hungary
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 10.1 10.0 1,127
Labor force (millions) 4.3 4.3 551
Unemployment rate (% of labor force) 7.2 11.2 8.5
GNI per capita, World Bank Atlas method ($) 10,220 12,860 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.2 –0.6 0.6
Agriculture value added (% of GDP) 4.2 3.5 1.3
Industry value added (% of GDP) 30.0 31.0 23.6
Manufacturing value added (% of GDP) 22.2 23.2 14.8
Services value added (% of GDP) 65.8 65.4 75.1
Inflation (annual % change in consumer price index) 3.6 4.9
Exchange rate (local currency units per $) 199.6 207.9
Exports of goods and services (% of GDP) 65.9 86.5 27.8
Imports of goods and services (% of GDP) 68.1 80.0 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 51
Time to start a business (days) 38 4 17
Procedures to start a business (number) 6 4 6
Firing cost (weeks of wages) 35.0 35.0 38.4
Resolving insolvency (years) 2.0 2.0 2.1
Total tax rate (% of commercial profits) 56.6 52.4 37.4
Profit tax (% of commercial profits) .. 14.8 13.0
New businesses registered (thousands) 22.3 43.0
New business density (new regis. per 1,000 working-age pop.) 3.2 6.3 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.0 13.5
Firms expected to give gifts in meetings with tax officials (%) 24.2 0.7
Firms using banks to finance investments (% of firms) 32.8 48.7
Delay in obtaining an electrical connection (days) 9.8 48.0
ISO certification ownership (% of firms) 27.4 39.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 9,322 4,818 ..
Private foreign direct investment, net (% of GDP) 6.9 –32.9 2.1
Gross fixed capital formation (% of GDP) 22.8 18.0 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –7.4 –4.1 –7.5
Government debt (% of GDP) 68.9 83.2 58.2
Deposit money banks’ assets (% of GDP) 62.4 84.8 139.2
Total financial system deposits (% of GDP) 41.3 45.5 108.8
Bank capital to asset ratio (%) 8.2 9.8 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.3 9.7 4.1
Domestic credit to the private sector (% of GDP) 51.2 72.6 164.0
Real interest rate (%) 5.9 4.4
Interest rate spread (percentage points) 3.4 2.7 ..
   
Infrastructure      
Paved roads (% of total roads) 38.0 38.0 81.1
Electric power consumption (kWh per capita) 3,771 3,773 9,064
Power outages in firms a typical month (number) .. 2.9
Mobile cellular subscriptions (per 100 people) 92.4 120.1 110.5
Internet users (per 100 people) 39.0 65.2 73.4

The Little Data Book on Private Sector Development 2012 103


Iceland
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.30 0.32 1,127
Labor force (millions) 0.17 0.19 551
Unemployment rate (% of labor force) 2.6 7.6 8.5
GNI per capita, World Bank Atlas method ($) 49,620 32,640 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.0 0.1 0.6
Agriculture value added (% of GDP) 6.3 7.2 1.3
Industry value added (% of GDP) 24.4 25.1 23.6
Manufacturing value added (% of GDP) 10.5 15.1 14.8
Services value added (% of GDP) 69.3 67.7 75.1
Inflation (annual % change in consumer price index) 4.0 5.4
Exchange rate (local currency units per $) 63.0 122.2
Exports of goods and services (% of GDP) 31.7 56.0 27.8
Imports of goods and services (% of GDP) 44.0 46.0 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 9
Time to start a business (days) 5 5 17
Procedures to start a business (number) 5 5 6
Firing cost (weeks of wages) 13.0 13.0 38.4
Resolving insolvency (years) 1.0 1.0 2.1
Total tax rate (% of commercial profits) 27.5 31.8 37.4
Profit tax (% of commercial profits) .. 9.4 13.0
New businesses registered (thousands) 2.9 2.6
New business density (new regis. per 1,000 working-age pop.) 15.0 12.8 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 19.2 2.0 2.1
Gross fixed capital formation (% of GDP) 28.3 13.0 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 4.8 –9.2 –7.5
Government debt (% of GDP) 39.4 111.5 58.2
Deposit money banks’ assets (% of GDP) 248.6 157.7 139.2
Total financial system deposits (% of GDP) 68.0 90.5 108.8
Bank capital to asset ratio (%) 7.4 14.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.1 39.9 4.1
Domestic credit to the private sector (% of GDP) 247.9 107.5 164.0
Real interest rate (%) 11.6 3.1
Interest rate spread (percentage points) 7.2 .. ..
   
Infrastructure      
Paved roads (% of total roads) 35.4 38.4 81.1
Electric power consumption (kWh per capita) 27,988 51,259 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 95.4 107.3 110.5
Internet users (per 100 people) 87.0 95.6 73.4

104 2012 The Little Data Book on Private Sector Development


India
South Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1,140.0 1,224.6 2,519
Labor force (millions) 467.3 472.6 994
Unemployment rate (% of labor force) 4.4 .. ..
GNI per capita, World Bank Atlas method ($) 720 1,270 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 7.0 8.2 6.4
Agriculture value added (% of GDP) 18.8 19.0 17.0
Industry value added (% of GDP) 28.1 26.3 31.3
Manufacturing value added (% of GDP) 15.4 14.2 16.4
Services value added (% of GDP) 53.0 54.7 51.7
Inflation (annual % change in consumer price index) 4.2 12.0
Exchange rate (local currency units per $) 44.1 45.7
Exports of goods and services (% of GDP) 19.3 21.5 27.6
Imports of goods and services (% of GDP) 22.0 24.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 132
Time to start a business (days) 71 29 34
Procedures to start a business (number) 11 12 8
Firing cost (weeks of wages) 56.0 56.0 63.9
Resolving insolvency (years) 10.0 7.0 3.3
Total tax rate (% of commercial profits) 65.5 61.8 40.4
Profit tax (% of commercial profits) .. 24.7 16.0
New businesses registered (thousands) 38.1 84.8
New business density (new regis. per 1,000 working-age pop.) 0.1 0.1 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.7 ..
Firms expected to give gifts in meetings with tax officials (%) 52.3 ..
Firms using banks to finance investments (% of firms) 46.6 ..
Delay in obtaining an electrical connection (days) 29.5 ..
ISO certification ownership (% of firms) 22.5 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 33,742 182,341 301,804
Private foreign direct investment, net (% of GDP) 0.9 1.4 2.1
Gross fixed capital formation (% of GDP) 30.3 29.5 25.7
Gross fixed private capital formation (% of GDP) 23.0 20.8 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.2 –3.7 –3.6
Government debt (% of GDP) 61.2 46.1 ..
Deposit money banks’ assets (% of GDP) 58.3 69.4 58.0
Total financial system deposits (% of GDP) 53.7 65.9 52.1
Bank capital to asset ratio (%) 6.4 7.1 ..
Bank nonperforming loans to total gross loans ratio (%) 5.2 2.4 ..
Domestic credit to the private sector (% of GDP) 39.4 49.0 40.1
Real interest rate (%) 6.3 4.3
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 47.0 49.5 48.6
Electric power consumption (kWh per capita) 456 571 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 7.9 61.4 71.7
Internet users (per 100 people) 2.4 7.5 13.5

The Little Data Book on Private Sector Development 2012 105


Indonesia
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 227.3 239.9 2,519
Labor force (millions) 109.3 118.0 994
Unemployment rate (% of labor force) 11.2 7.1 ..
GNI per capita, World Bank Atlas method ($) 1,220 2,500 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.7 5.7 6.4
Agriculture value added (% of GDP) 13.1 15.3 17.0
Industry value added (% of GDP) 46.5 47.0 31.3
Manufacturing value added (% of GDP) 27.4 24.8 16.4
Services value added (% of GDP) 40.3 37.6 51.7
Inflation (annual % change in consumer price index) 10.5 5.1
Exchange rate (local currency units per $) 9,704.7 9,090.4
Exports of goods and services (% of GDP) 34.1 24.6 27.6
Imports of goods and services (% of GDP) 29.9 23.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 129
Time to start a business (days) 151 45 34
Procedures to start a business (number) 12 8 8
Firing cost (weeks of wages) 108.0 108.0 63.9
Resolving insolvency (years) 5.5 5.5 3.3
Total tax rate (% of commercial profits) 37.3 34.5 40.4
Profit tax (% of commercial profits) .. 23.7 16.0
New businesses registered (thousands) 23.3 29.0
New business density (new regis. per 1,000 working-age pop.) 0.2 0.2 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.0 1.6
Firms expected to give gifts in meetings with tax officials (%) 11.2 14.0
Firms using banks to finance investments (% of firms) 34.0 11.7
Delay in obtaining an electrical connection (days) 14.6 15.5
ISO certification ownership (% of firms) 22.1 2.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 8,042 18,841 301,804
Private foreign direct investment, net (% of GDP) 2.9 1.9 2.1
Gross fixed capital formation (% of GDP) 23.6 32.2 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.1 –0.6 –3.6
Government debt (% of GDP) 47.3 26.1 ..
Deposit money banks’ assets (% of GDP) 36.3 32.4 58.0
Total financial system deposits (% of GDP) 38.8 34.2 52.1
Bank capital to asset ratio (%) 9.8 11.4 ..
Bank nonperforming loans to total gross loans ratio (%) 7.4 2.6 ..
Domestic credit to the private sector (% of GDP) 26.4 29.1 40.1
Real interest rate (%) –0.2 4.8
Interest rate spread (percentage points) 6.0 6.2 8.7
   
Infrastructure      
Paved roads (% of total roads) 55.4 56.9 48.6
Electric power consumption (kWh per capita) 494 590 644
Power outages in firms a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 20.6 91.7 71.7
Internet users (per 100 people) 3.6 9.9 13.5

106 2012 The Little Data Book on Private Sector Development


Iran, Islamic Rep.
Middle East & North Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 69.7 74.0 2,452
Labor force (millions) 24.4 25.3 1,314
Unemployment rate (% of labor force) 12.1 10.5 5.8
GNI per capita, World Bank Atlas method ($) 2,550 4,520 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.9 4.5 6.3
Agriculture value added (% of GDP) 10.2 .. 7.4
Industry value added (% of GDP) 44.7 .. 36.8
Manufacturing value added (% of GDP) 10.7 .. 21.3
Services value added (% of GDP) 45.1 .. 55.8
Inflation (annual % change in consumer price index) 13.4 10.1
Exchange rate (local currency units per $) 8,964.0 10,254.2
Exports of goods and services (% of GDP) 33.1 .. 28.8
Imports of goods and services (% of GDP) 24.7 .. 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 144
Time to start a business (days) 28 8 38
Procedures to start a business (number) 8 6 8
Firing cost (weeks of wages) 87.0 87.0 41.4
Resolving insolvency (years) 4.5 4.5 2.8
Total tax rate (% of commercial profits) 44.2 44.1 41.9
Profit tax (% of commercial profits) .. 17.8 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,345 1,992 259,433
Private foreign direct investment, net (% of GDP) 1.6 0.9 2.7
Gross fixed capital formation (% of GDP) 27.0 .. 27.5
Gross fixed private capital formation (% of GDP) 17.9 .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 6.0 0.6 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 29.2 .. 94.3
Total financial system deposits (% of GDP) 37.4 .. 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 30.0 36.7 83.2
Real interest rate (%) –0.9 11.3
Interest rate spread (percentage points) 4.2 0.1 5.8
   
Infrastructure      
Paved roads (% of total roads) 71.0 .. 57.6
Electric power consumption (kWh per capita) 2,046 2,238 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 12.2 91.2 84.5
Internet users (per 100 people) 8.1 13.0 34.1

The Little Data Book on Private Sector Development 2012 107


Iraq
Middle East & North Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 27.6 32.0 2,519
Labor force (millions) 6.3 7.5 994
Unemployment rate (% of labor force) 18.0 .. ..
GNI per capita, World Bank Atlas method ($) 1,150 2,340 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) –7.6 4.7 6.4
Agriculture value added (% of GDP) 8.6 .. 17.0
Industry value added (% of GDP) 70.1 .. 31.3
Manufacturing value added (% of GDP) 1.7 .. 16.4
Services value added (% of GDP) 21.3 .. 51.7
Inflation (annual % change in consumer price index) 37.0 2.9
Exchange rate (local currency units per $) 1,472.0 1,170.0
Exports of goods and services (% of GDP) .. .. 27.6
Imports of goods and services (% of GDP) .. .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 164
Time to start a business (days) 77 77 34
Procedures to start a business (number) 11 11 8
Firing cost (weeks of wages) .. .. 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) 24.7 28.4 40.4
Profit tax (% of commercial profits) .. 14.9 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 984 6,067 301,804
Private foreign direct investment, net (% of GDP) 1.6 1.7 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) –4.0 –11.0 58.0
Total financial system deposits (% of GDP) 7.4 17.9 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 2.5 9.1 40.1
Real interest rate (%) –8.5 –8.5
Interest rate spread (percentage points) 6.9 8.3 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 816 1,069 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 5.6 74.9 71.7
Internet users (per 100 people) 0.9 2.5 13.5

108 2012 The Little Data Book on Private Sector Development


Ireland
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.2 4.5 1,127
Labor force (millions) 2.1 2.1 551
Unemployment rate (% of labor force) 4.3 13.5 8.5
GNI per capita, World Bank Atlas method ($) 42,380 41,820 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.9 –0.6 0.6
Agriculture value added (% of GDP) 1.6 1.0 1.3
Industry value added (% of GDP) 34.5 31.9 23.6
Manufacturing value added (% of GDP) 23.1 24.2 14.8
Services value added (% of GDP) 63.9 67.1 75.1
Inflation (annual % change in consumer price index) 2.4 –0.9
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 81.1 101.1 27.8
Imports of goods and services (% of GDP) 69.4 82.0 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 10
Time to start a business (days) 18 13 17
Procedures to start a business (number) 4 4 6
Firing cost (weeks of wages) 24.0 18.0 38.4
Resolving insolvency (years) 0.4 0.4 2.1
Total tax rate (% of commercial profits) 26.4 26.3 37.4
Profit tax (% of commercial profits) .. 11.9 13.0
New businesses registered (thousands) 17.2 13.2
New business density (new regis. per 1,000 working-age pop.) 6.4 4.7 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.3 ..
Firms expected to give gifts in meetings with tax officials (%) 11.0 ..
Firms using banks to finance investments (% of firms) 37.4 ..
Delay in obtaining an electrical connection (days) 28.3 ..
ISO certification ownership (% of firms) 17.2 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) –14.9 13.1 2.1
Gross fixed capital formation (% of GDP) 26.6 11.5 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.4 –14.1 –7.5
Government debt (% of GDP) 32.4 70.5 58.2
Deposit money banks’ assets (% of GDP) 161.6 241.8 139.2
Total financial system deposits (% of GDP) 89.9 109.0 108.8
Bank capital to asset ratio (%) 4.7 4.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.7 8.6 4.1
Domestic credit to the private sector (% of GDP) 159.5 215.0 164.0
Real interest rate (%) –0.4 ..
Interest rate spread (percentage points) 2.6 .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 6,242 6,034 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 102.6 105.1 110.5
Internet users (per 100 people) 41.6 69.8 73.4

The Little Data Book on Private Sector Development 2012 109


Isle of Man
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.08 0.08 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 2.4 .. 8.5
GNI per capita, World Bank Atlas method ($) 38,610 .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 5.8 .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 0.5 0.6
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 110.5
Internet users (per 100 people) .. .. 73.4

110 2012 The Little Data Book on Private Sector Development


Israel
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 6.9 7.6 1,127
Labor force (millions) 2.8 3.2 551
Unemployment rate (% of labor force) 9.0 6.6 8.5
GNI per capita, World Bank Atlas method ($) 20,250 27,180 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.1 3.9 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) 1.3 2.7
Exchange rate (local currency units per $) 4.5 3.7
Exports of goods and services (% of GDP) 42.6 37.0 27.8
Imports of goods and services (% of GDP) 42.9 34.9 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 34
Time to start a business (days) 34 34 17
Procedures to start a business (number) 5 5 6
Firing cost (weeks of wages) 91.0 91.0 38.4
Resolving insolvency (years) 4.0 4.0 2.1
Total tax rate (% of commercial profits) 40.0 31.2 37.4
Profit tax (% of commercial profits) .. 22.8 13.0
New businesses registered (thousands) 19.1 19.8
New business density (new regis. per 1,000 working-age pop.) 4.6 4.5 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 3.6 2.4 2.1
Gross fixed capital formation (% of GDP) 18.8 16.7 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –4.5 –4.0 –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 100.2 105.8 139.2
Total financial system deposits (% of GDP) 88.9 91.3 108.8
Bank capital to asset ratio (%) 5.6 6.8 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.3 1.4 4.1
Domestic credit to the private sector (% of GDP) 89.7 95.7 164.0
Real interest rate (%) 5.5 3.4
Interest rate spread (percentage points) 3.2 2.9 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 6,572 6,608 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 111.9 129.5 110.5
Internet users (per 100 people) 24.0 65.4 73.4

The Little Data Book on Private Sector Development 2012 111


Italy
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 58.6 60.5 1,127
Labor force (millions) 24.7 25.1 551
Unemployment rate (% of labor force) 7.7 8.4 8.5
GNI per capita, World Bank Atlas method ($) 30,880 35,700 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 0.9 –0.6 0.6
Agriculture value added (% of GDP) 2.2 1.9 1.3
Industry value added (% of GDP) 26.7 25.2 23.6
Manufacturing value added (% of GDP) 18.4 16.7 14.8
Services value added (% of GDP) 71.1 72.9 75.1
Inflation (annual % change in consumer price index) 2.0 1.5
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 25.9 26.7 27.8
Imports of goods and services (% of GDP) 25.9 28.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 87
Time to start a business (days) 13 6 17
Procedures to start a business (number) 9 6 6
Firing cost (weeks of wages) 2.0 11.0 38.4
Resolving insolvency (years) 1.2 1.8 2.1
Total tax rate (% of commercial profits) 77.5 68.5 37.4
Profit tax (% of commercial profits) .. 22.8 13.0
New businesses registered (thousands) 73.6 68.5
New business density (new regis. per 1,000 working-age pop.) 1.9 1.8 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.1 0.5 2.1
Gross fixed capital formation (% of GDP) 20.9 19.7 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.5 –4.9 –7.5
Government debt (% of GDP) 112.8 118.4 58.2
Deposit money banks’ assets (% of GDP) 103.2 153.1 139.2
Total financial system deposits (% of GDP) 54.0 90.2 108.8
Bank capital to asset ratio (%) 7.6 9.3 6.8
Bank nonperforming loans to total gross loans ratio (%) 5.3 7.8 4.1
Domestic credit to the private sector (% of GDP) 89.0 122.0 164.0
Real interest rate (%) 3.4 3.6
Interest rate spread (percentage points) 4.9 .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 .. 81.1
Electric power consumption (kWh per capita) 5,669 5,271 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 122.0 149.8 110.5
Internet users (per 100 people) 35.0 53.7 73.4

112 2012 The Little Data Book on Private Sector Development


Jamaica
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.7 2.7 2,452
Labor force (millions) 1.2 1.2 1,314
Unemployment rate (% of labor force) 10.9 11.4 5.8
GNI per capita, World Bank Atlas method ($) 3,910 4,800 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 2.2 –0.2 6.3
Agriculture value added (% of GDP) 6.0 6.3 7.4
Industry value added (% of GDP) 25.3 22.4 36.8
Manufacturing value added (% of GDP) 9.0 9.2 21.3
Services value added (% of GDP) 68.7 71.3 55.8
Inflation (annual % change in consumer price index) 15.3 12.6
Exchange rate (local currency units per $) 62.3 87.2
Exports of goods and services (% of GDP) 35.4 25.6 28.8
Imports of goods and services (% of GDP) 53.5 43.3 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 88
Time to start a business (days) 8 7 38
Procedures to start a business (number) 6 6 8
Firing cost (weeks of wages) 62.0 62.0 41.4
Resolving insolvency (years) 1.1 1.1 2.8
Total tax rate (% of commercial profits) 51.3 45.6 41.9
Profit tax (% of commercial profits) .. 25.6 17.0
New businesses registered (thousands) 1.6 2.0
New business density (new regis. per 1,000 working-age pop.) 1.0 1.2 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.3 1.7
Firms expected to give gifts in meetings with tax officials (%) 4.9 10.6
Firms using banks to finance investments (% of firms) 37.0 44.4
Delay in obtaining an electrical connection (days) 6.9 20.5
ISO certification ownership (% of firms) 16.4 16.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,378 368 259,433
Private foreign direct investment, net (% of GDP) 6.1 1.6 2.7
Gross fixed capital formation (% of GDP) 26.8 20.4 27.5
Gross fixed private capital formation (% of GDP) .. 15.9 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.9 –15.3 ..
Government debt (% of GDP) 122.0 115.8 ..
Deposit money banks’ assets (% of GDP) 45.0 43.1 94.3
Total financial system deposits (% of GDP) 40.4 38.9 51.2
Bank capital to asset ratio (%) 9.3 .. 10.4
Bank nonperforming loans to total gross loans ratio (%) 6.8 .. 3.7
Domestic credit to the private sector (% of GDP) 21.2 24.8 83.2
Real interest rate (%) 5.9 8.9
Interest rate spread (percentage points) 9.9 14.1 5.8
   
Infrastructure      
Paved roads (% of total roads) 73.3 .. 57.6
Electric power consumption (kWh per capita) 2,478 1,902 2,714
Power outages in firms a typical month (number) .. 3.1
Mobile cellular subscriptions (per 100 people) 74.8 117.8 84.5
Internet users (per 100 people) 13.0 26.5 34.1

The Little Data Book on Private Sector Development 2012 113


Japan
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 127.8 127.5 1,127
Labor force (millions) 66.6 66.7 551
Unemployment rate (% of labor force) 4.4 5.0 8.5
GNI per capita, World Bank Atlas method ($) 38,950 41,850 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.3 –0.4 0.6
Agriculture value added (% of GDP) 1.5 1.4 1.3
Industry value added (% of GDP) 30.5 26.7 23.6
Manufacturing value added (% of GDP) 21.6 18.1 14.8
Services value added (% of GDP) 68.0 71.9 75.1
Inflation (annual % change in consumer price index) –0.3 –0.7
Exchange rate (local currency units per $) 110.2 87.8
Exports of goods and services (% of GDP) 14.3 15.2 27.8
Imports of goods and services (% of GDP) 12.9 14.1 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 20
Time to start a business (days) 31 23 17
Procedures to start a business (number) 11 8 6
Firing cost (weeks of wages) 4.0 4.0 38.4
Resolving insolvency (years) 0.6 0.6 2.1
Total tax rate (% of commercial profits) 53.1 49.1 37.4
Profit tax (% of commercial profits) .. 27.0 13.0
New businesses registered (thousands) 112.2 105.7
New business density (new regis. per 1,000 working-age pop.) 1.3 1.3 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.1 0.0 2.1
Gross fixed capital formation (% of GDP) 23.3 20.5 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) 151.3 174.4 58.2
Deposit money banks’ assets (% of GDP) 208.4 217.0 139.2
Total financial system deposits (% of GDP) 192.3 211.1 108.8
Bank capital to asset ratio (%) 4.9 4.8 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.8 1.8 4.1
Domestic credit to the private sector (% of GDP) 188.6 169.3 164.0
Real interest rate (%) 2.9 3.8
Interest rate spread (percentage points) 1.4 1.1 ..
   
Infrastructure      
Paved roads (% of total roads) 79.0 80.1 81.1
Electric power consumption (kWh per capita) 8,213 7,819 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 75.5 94.7 110.5
Internet users (per 100 people) 66.2 77.6 73.4

114 2012 The Little Data Book on Private Sector Development


Jordan
Middle East & North Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.4 6.0 2,452
Labor force (millions) 1.4 1.6 1,314
Unemployment rate (% of labor force) 12.4 12.9 5.8
GNI per capita, World Bank Atlas method ($) 2,490 4,340 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 6.3 6.0 6.3
Agriculture value added (% of GDP) 3.1 2.9 7.4
Industry value added (% of GDP) 28.9 30.6 36.8
Manufacturing value added (% of GDP) 18.2 19.3 21.3
Services value added (% of GDP) 68.1 66.5 55.8
Inflation (annual % change in consumer price index) 3.5 5.0
Exchange rate (local currency units per $) 0.7 0.7
Exports of goods and services (% of GDP) 52.7 44.5 28.8
Imports of goods and services (% of GDP) 94.2 65.9 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 96
Time to start a business (days) 16 12 38
Procedures to start a business (number) 10 7 8
Firing cost (weeks of wages) 4.0 4.0 41.4
Resolving insolvency (years) 4.3 4.3 2.8
Total tax rate (% of commercial profits) 31.1 27.7 41.9
Profit tax (% of commercial profits) .. 13.0 17.0
New businesses registered (thousands) 1.8 2.7
New business density (new regis. per 1,000 working-age pop.) 0.6 0.7 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.7 ..
Firms expected to give gifts in meetings with tax officials (%) 0.9 ..
Firms using banks to finance investments (% of firms) 8.6 ..
Delay in obtaining an electrical connection (days) 47.1 ..
ISO certification ownership (% of firms) 15.5 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,758 4,270 259,433
Private foreign direct investment, net (% of GDP) 15.8 6.2 2.7
Gross fixed capital formation (% of GDP) 30.6 15.3 27.5
Gross fixed private capital formation (% of GDP) 23.3 11.4 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –5.1 –5.4 ..
Government debt (% of GDP) 80.0 59.0 ..
Deposit money banks’ assets (% of GDP) 108.8 99.3 94.3
Total financial system deposits (% of GDP) 116.2 96.7 51.2
Bank capital to asset ratio (%) 8.2 10.5 10.4
Bank nonperforming loans to total gross loans ratio (%) 6.6 7.9 3.7
Domestic credit to the private sector (% of GDP) 88.1 70.3 83.2
Real interest rate (%) 5.5 2.6
Interest rate spread (percentage points) 4.7 5.5 5.8
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 57.6
Electric power consumption (kWh per capita) 1,682 2,112 2,714
Power outages in firms a typical month (number) 2.6 ..
Mobile cellular subscriptions (per 100 people) 58.0 109.5 84.5
Internet users (per 100 people) 12.8 38.9 34.1

The Little Data Book on Private Sector Development 2012 115


Kazakhstan
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 15.1 16.3 2,452
Labor force (millions) 7.9 8.8 1,314
Unemployment rate (% of labor force) 8.1 6.6 5.8
GNI per capita, World Bank Atlas method ($) 2,930 7,580 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 10.1 5.7 6.3
Agriculture value added (% of GDP) 6.8 4.8 7.4
Industry value added (% of GDP) 40.1 42.4 36.8
Manufacturing value added (% of GDP) 12.8 13.1 21.3
Services value added (% of GDP) 53.1 52.8 55.8
Inflation (annual % change in consumer price index) 7.6 7.1
Exchange rate (local currency units per $) 132.9 147.4
Exports of goods and services (% of GDP) 53.5 44.0 28.8
Imports of goods and services (% of GDP) 44.7 29.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 47
Time to start a business (days) 25 19 38
Procedures to start a business (number) 8 6 8
Firing cost (weeks of wages) 9.0 9.0 41.4
Resolving insolvency (years) 1.5 1.5 2.8
Total tax rate (% of commercial profits) 43.0 28.6 41.9
Profit tax (% of commercial profits) .. 15.9 17.0
New businesses registered (thousands) 30.7 28.0
New business density (new regis. per 1,000 working-age pop.) 3.0 2.6 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.2 4.7
Firms expected to give gifts in meetings with tax officials (%) 58.7 25.1
Firms using banks to finance investments (% of firms) 33.9 31.0
Delay in obtaining an electrical connection (days) 6.7 47.8
ISO certification ownership (% of firms) 11.1 10.8
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,685 3,798 259,433
Private foreign direct investment, net (% of GDP) 3.5 7.2 2.7
Gross fixed capital formation (% of GDP) 28.0 24.1 27.5
Gross fixed private capital formation (% of GDP) 23.7 19.0 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.6 –1.1 ..
Government debt (% of GDP) 7.0 10.2 ..
Deposit money banks’ assets (% of GDP) 38.9 48.7 94.3
Total financial system deposits (% of GDP) 21.4 32.4 51.2
Bank capital to asset ratio (%) 13.0 10.9 10.4
Bank nonperforming loans to total gross loans ratio (%) .. 23.8 3.7
Domestic credit to the private sector (% of GDP) 35.7 39.3 83.2
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.8
   
Infrastructure      
Paved roads (% of total roads) 91.2 88.5 57.6
Electric power consumption (kWh per capita) 4,012 4,448 2,714
Power outages in firms a typical month (number) .. 2.8
Mobile cellular subscriptions (per 100 people) 35.6 118.9 84.5
Internet users (per 100 people) 3.0 33.4 34.1

116 2012 The Little Data Book on Private Sector Development


Kenya
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 35.6 40.5 796
Labor force (millions) 13.2 15.5 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 520 810 530
GDP growth, 2000–05 and 2005–10 (average annual %) 3.4 4.3 5.7
Agriculture value added (% of GDP) 27.2 25.2 25.6
Industry value added (% of GDP) 19.1 19.8 25.6
Manufacturing value added (% of GDP) 11.8 11.4 14.2
Services value added (% of GDP) 53.7 55.0 48.8
Inflation (annual % change in consumer price index) 10.3 4.0
Exchange rate (local currency units per $) 75.6 79.2
Exports of goods and services (% of GDP) 28.5 27.5 20.8
Imports of goods and services (% of GDP) 36.0 37.9 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 109
Time to start a business (days) 54 33 33
Procedures to start a business (number) 13 11 8
Firing cost (weeks of wages) 47.0 47.0 63.5
Resolving insolvency (years) 4.5 4.5 3.7
Total tax rate (% of commercial profits) 50.2 49.6 67.8
Profit tax (% of commercial profits) .. 33.1 18.7
New businesses registered (thousands) 7.3 17.9
New business density (new regis. per 1,000 working-age pop.) 0.4 0.9 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.1 ..
Firms expected to give gifts in meetings with tax officials (%) 32.3 ..
Firms using banks to finance investments (% of firms) 22.9 ..
Delay in obtaining an electrical connection (days) 40.5 ..
ISO certification ownership (% of firms) 9.8 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,434 4,307 21,616
Private foreign direct investment, net (% of GDP) 0.1 0.6 3.2
Gross fixed capital formation (% of GDP) 18.7 19.9 22.4
Gross fixed private capital formation (% of GDP) 14.9 14.1 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.5 –5.9 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 37.4 50.5 34.8
Total financial system deposits (% of GDP) 35.8 44.8 31.7
Bank capital to asset ratio (%) 12.1 13.2 ..
Bank nonperforming loans to total gross loans ratio (%) 25.6 6.3 ..
Domestic credit to the private sector (% of GDP) 25.9 33.8 29.7
Real interest rate (%) 7.6 11.9
Interest rate spread (percentage points) 7.8 9.8 9.8
   
Infrastructure      
Paved roads (% of total roads) 14.1 14.3 20.7
Electric power consumption (kWh per capita) 137 147 229
Power outages in firms a typical month (number) 6.9 ..
Mobile cellular subscriptions (per 100 people) 12.9 61.6 33.1
Internet users (per 100 people) 3.1 25.9 5.6

The Little Data Book on Private Sector Development 2012 117


Kiribati
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.09 0.10 2,519
Labor force (millions) .. .. 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 1,780 2,000 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 2.3 0.2 6.4
Agriculture value added (% of GDP) 25.6 28.6 17.0
Industry value added (% of GDP) 6.9 9.5 31.3
Manufacturing value added (% of GDP) 4.7 6.2 16.4
Services value added (% of GDP) 67.5 61.8 51.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.3 1.1
Exports of goods and services (% of GDP) 9.4 .. 27.6
Imports of goods and services (% of GDP) 76.5 .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 115
Time to start a business (days) 31 31 34
Procedures to start a business (number) 7 7 8
Firing cost (weeks of wages) 4.0 4.0 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) 31.8 31.8 40.4
Profit tax (% of commercial profits) .. 23.4 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 301,804
Private foreign direct investment, net (% of GDP) 4.4 2.4 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.7 10.0 71.7
Internet users (per 100 people) 4.0 9.0 13.5

118 2012 The Little Data Book on Private Sector Development


Korea, Dem. Rep.
East Asia & Pacific Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 23.7 24.3 796
Labor force (millions) 14.0 14.6 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) .. .. 530
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 5.7
Agriculture value added (% of GDP) .. .. 25.6
Industry value added (% of GDP) .. .. 25.6
Manufacturing value added (% of GDP) .. .. 14.2
Services value added (% of GDP) .. .. 48.8
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 20.8
Imports of goods and services (% of GDP) .. .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 33
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 63.5
Resolving insolvency (years) .. .. 3.7
Total tax rate (% of commercial profits) .. .. 67.8
Profit tax (% of commercial profits) .. .. 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 474 21,616
Private foreign direct investment, net (% of GDP) .. .. 3.2
Gross fixed capital formation (% of GDP) .. .. 22.4
Gross fixed private capital formation (% of GDP) .. .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 34.8
Total financial system deposits (% of GDP) .. .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 2.8 .. 20.7
Electric power consumption (kWh per capita) 812 733 229
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.0 1.8 33.1
Internet users (per 100 people) 0.0 0.0 5.6

The Little Data Book on Private Sector Development 2012 119


Korea, Rep.
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 48.1 48.9 1,127
Labor force (millions) 23.9 24.6 551
Unemployment rate (% of labor force) 3.7 3.7 8.5
GNI per capita, World Bank Atlas method ($) 16,900 19,890 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.5 3.4 0.6
Agriculture value added (% of GDP) 3.3 2.6 1.3
Industry value added (% of GDP) 37.7 39.3 23.6
Manufacturing value added (% of GDP) 27.5 30.6 14.8
Services value added (% of GDP) 59.0 58.2 75.1
Inflation (annual % change in consumer price index) 2.8 2.9
Exchange rate (local currency units per $) 1,024.1 1,156.1
Exports of goods and services (% of GDP) 39.3 52.4 27.8
Imports of goods and services (% of GDP) 36.6 49.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 8
Time to start a business (days) 17 7 17
Procedures to start a business (number) 10 5 6
Firing cost (weeks of wages) 91.0 91.0 38.4
Resolving insolvency (years) 1.5 1.5 2.1
Total tax rate (% of commercial profits) 36.4 29.7 37.4
Profit tax (% of commercial profits) .. 15.1 13.0
New businesses registered (thousands) 31.9 60.0
New business density (new regis. per 1,000 working-age pop.) 0.9 1.7 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 0.1 ..
Firms expected to give gifts in meetings with tax officials (%) 21.3 ..
Firms using banks to finance investments (% of firms) 39.9 ..
Delay in obtaining an electrical connection (days) 3.9 ..
ISO certification ownership (% of firms) 17.6 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.7 0.0 2.1
Gross fixed capital formation (% of GDP) 28.9 28.6 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.9 1.7 –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 92.1 106.6 139.2
Total financial system deposits (% of GDP) 64.0 72.5 108.8
Bank capital to asset ratio (%) 9.3 7.6 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.2 1.9 4.1
Domestic credit to the private sector (% of GDP) 87.0 100.8 164.0
Real interest rate (%) 4.9 1.7
Interest rate spread (percentage points) 1.9 1.7 ..
   
Infrastructure      
Paved roads (% of total roads) 76.8 79.3 81.1
Electric power consumption (kWh per capita) 7,804 8,980 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 79.7 103.9 110.5
Internet users (per 100 people) 71.8 82.5 73.4

120 2012 The Little Data Book on Private Sector Development


Kosovo
Europe & Central Asia Lower middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.8 1.8 2,519
Labor force (millions) .. .. 994
Unemployment rate (% of labor force) 41.4 45.4 ..
GNI per capita, World Bank Atlas method ($) 2,460 3,290 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.9 5.3 6.4
Agriculture value added (% of GDP) 12.0 12.0 17.0
Industry value added (% of GDP) 20.0 20.0 31.3
Manufacturing value added (% of GDP) 19.3 16.9 16.4
Services value added (% of GDP) 68.0 68.0 51.7
Inflation (annual % change in consumer price index) –1.4 3.5
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 14.1 19.3 27.6
Imports of goods and services (% of GDP) 50.8 62.1 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 117
Time to start a business (days) .. 58 34
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 30.0 63.9
Resolving insolvency (years) .. 2.0 3.3
Total tax rate (% of commercial profits) .. 15.4 40.4
Profit tax (% of commercial profits) .. 9.1 16.0
New businesses registered (thousands) 0.2 0.1
New business density (new regis. per 1,000 working-age pop.) 0.2 0.1 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 9.8
Firms expected to give gifts in meetings with tax officials (%) .. 7.7
Firms using banks to finance investments (% of firms) .. 25.3
Delay in obtaining an electrical connection (days) .. 76.9
ISO certification ownership (% of firms) .. 7.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 385 301,804
Private foreign direct investment, net (% of GDP) 3.6 8.7 2.1
Gross fixed capital formation (% of GDP) 25.6 30.5 25.7
Gross fixed private capital formation (% of GDP) 20.9 18.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 17.1 34.3 58.0
Total financial system deposits (% of GDP) 26.6 40.4 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. 4.4 ..
Domestic credit to the private sector (% of GDP) 18.8 37.3 40.1
Real interest rate (%) 15.4 10.9
Interest rate spread (percentage points) 10.9 10.9 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 42.8
Mobile cellular subscriptions (per 100 people) .. .. 71.7
Internet users (per 100 people) .. .. 13.5

The Little Data Book on Private Sector Development 2012 121


Kuwait
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.3 2.7 1,127
Labor force (millions) 1.2 1.4 551
Unemployment rate (% of labor force) 2.0 .. 8.5
GNI per capita, World Bank Atlas method ($) 34,650 .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 8.9 .. 0.6
Agriculture value added (% of GDP) 0.5 .. 1.3
Industry value added (% of GDP) 51.0 .. 23.6
Manufacturing value added (% of GDP) 2.3 .. 14.8
Services value added (% of GDP) 48.5 .. 75.1
Inflation (annual % change in consumer price index) 4.1 4.0
Exchange rate (local currency units per $) 0.3 0.3
Exports of goods and services (% of GDP) 64.0 56.4 27.8
Imports of goods and services (% of GDP) 28.3 28.0 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 67
Time to start a business (days) 35 32 17
Procedures to start a business (number) 13 12 6
Firing cost (weeks of wages) 78.0 78.0 38.4
Resolving insolvency (years) 4.2 4.2 2.1
Total tax rate (% of commercial profits) 14.4 15.5 37.4
Profit tax (% of commercial profits) .. 4.7 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.3 1.0 2.1
Gross fixed capital formation (% of GDP) 14.6 13.9 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 29.1 18.7 –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 57.6 91.9 139.2
Total financial system deposits (% of GDP) 53.0 76.6 108.8
Bank capital to asset ratio (%) 13.0 12.6 6.8
Bank nonperforming loans to total gross loans ratio (%) 4.1 8.9 4.1
Domestic credit to the private sector (% of GDP) 58.5 82.4 164.0
Real interest rate (%) –11.7 ..
Interest rate spread (percentage points) 4.0 2.6 ..
   
Infrastructure      
Paved roads (% of total roads) 85.0 .. 81.1
Electric power consumption (kWh per capita) 17,123 17,610 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 100.6 160.8 110.5
Internet users (per 100 people) 25.9 38.3 73.4

122 2012 The Little Data Book on Private Sector Development


Kyrgyz Republic
Europe & Central Asia Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.2 5.4 796
Labor force (millions) 2.3 2.5 364
Unemployment rate (% of labor force) 8.1 8.6 ..
GNI per capita, World Bank Atlas method ($) 450 830 530
GDP growth, 2000–05 and 2005–10 (average annual %) 4.1 5.0 5.7
Agriculture value added (% of GDP) 31.9 20.7 25.6
Industry value added (% of GDP) 22.4 28.0 25.6
Manufacturing value added (% of GDP) 14.4 17.8 14.2
Services value added (% of GDP) 45.7 51.3 48.8
Inflation (annual % change in consumer price index) 4.4 8.0
Exchange rate (local currency units per $) 41.0 46.0
Exports of goods and services (% of GDP) 38.7 57.7 20.8
Imports of goods and services (% of GDP) 57.7 89.2 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 70
Time to start a business (days) 21 10 33
Procedures to start a business (number) 9 2 8
Firing cost (weeks of wages) 17.0 17.0 63.5
Resolving insolvency (years) 4.0 4.0 3.7
Total tax rate (% of commercial profits) 68.2 69.0 67.8
Profit tax (% of commercial profits) .. 6.2 18.7
New businesses registered (thousands) 2.4 4.4
New business density (new regis. per 1,000 working-age pop.) 0.7 1.3 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.1 4.9
Firms expected to give gifts in meetings with tax officials (%) 83.8 39.1
Firms using banks to finance investments (% of firms) 13.6 17.9
Delay in obtaining an electrical connection (days) 14.1 25.2
ISO certification ownership (% of firms) 14.7 16.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 12 130 21,616
Private foreign direct investment, net (% of GDP) 1.7 9.5 3.2
Gross fixed capital formation (% of GDP) 14.4 28.1 22.4
Gross fixed private capital formation (% of GDP) 9.6 20.8 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.7 –5.0 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 9.1 .. 34.8
Total financial system deposits (% of GDP) 8.2 .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 8.0 .. 29.7
Real interest rate (%) 18.2 23.1
Interest rate spread (percentage points) 20.8 27.4 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) 1,835 1,386 229
Power outages in firms a typical month (number) .. 5.7
Mobile cellular subscriptions (per 100 people) 10.5 96.8 33.1
Internet users (per 100 people) 10.3 19.6 5.6

The Little Data Book on Private Sector Development 2012 123


Lao PDR
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.8 6.2 2,519
Labor force (millions) 2.8 3.2 994
Unemployment rate (% of labor force) 1.4 .. ..
GNI per capita, World Bank Atlas method ($) 470 1,050 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 6.2 7.9 6.4
Agriculture value added (% of GDP) 36.4 33.0 17.0
Industry value added (% of GDP) 24.1 30.2 31.3
Manufacturing value added (% of GDP) 9.9 7.6 16.4
Services value added (% of GDP) 39.5 36.8 51.7
Inflation (annual % change in consumer price index) 7.2 6.0
Exchange rate (local currency units per $) 10,655.2 8,258.8
Exports of goods and services (% of GDP) 34.4 36.3 27.6
Imports of goods and services (% of GDP) 48.8 40.9 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 165
Time to start a business (days) 153 93 34
Procedures to start a business (number) 7 7 8
Firing cost (weeks of wages) 162.0 162.0 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) 35.5 33.3 40.4
Profit tax (% of commercial profits) .. 24.8 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.5 1.2
Firms expected to give gifts in meetings with tax officials (%) 34.5 26.2
Firms using banks to finance investments (% of firms) 14.1 0.0
Delay in obtaining an electrical connection (days) 58.8 ..
ISO certification ownership (% of firms) 3.3 7.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,339 5,422 301,804
Private foreign direct investment, net (% of GDP) 1.0 3.8 2.1
Gross fixed capital formation (% of GDP) 23.5 26.1 25.7
Gross fixed private capital formation (% of GDP) 14.6 14.5 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.2 –0.8 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 9.8 26.4 58.0
Total financial system deposits (% of GDP) 15.1 32.7 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 7.4 20.4 40.1
Real interest rate (%) 24.5 12.0
Interest rate spread (percentage points) 22.1 19.6 8.7
   
Infrastructure      
Paved roads (% of total roads) 13.4 13.7 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 1.5
Mobile cellular subscriptions (per 100 people) 11.4 64.6 71.7
Internet users (per 100 people) 0.9 7.0 13.5

124 2012 The Little Data Book on Private Sector Development


Latvia
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.3 2.2 2,452
Labor force (millions) 1.1 1.2 1,314
Unemployment rate (% of labor force) 8.9 18.7 5.8
GNI per capita, World Bank Atlas method ($) 6,810 11,640 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 8.0 –1.8 6.3
Agriculture value added (% of GDP) 4.0 4.1 7.4
Industry value added (% of GDP) 21.6 21.8 36.8
Manufacturing value added (% of GDP) 12.6 12.2 21.3
Services value added (% of GDP) 74.5 74.1 55.8
Inflation (annual % change in consumer price index) 6.7 –1.1
Exchange rate (local currency units per $) 0.6 0.5
Exports of goods and services (% of GDP) 47.8 53.4 28.8
Imports of goods and services (% of GDP) 62.2 54.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 21
Time to start a business (days) 16 16 38
Procedures to start a business (number) 5 4 8
Firing cost (weeks of wages) 17.0 17.0 41.4
Resolving insolvency (years) 3.0 3.0 2.8
Total tax rate (% of commercial profits) 37.3 37.9 41.9
Profit tax (% of commercial profits) .. 6.1 17.0
New businesses registered (thousands) 8.8 7.2
New business density (new regis. per 1,000 working-age pop.) 5.6 4.6 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.2 9.7
Firms expected to give gifts in meetings with tax officials (%) 30.0 4.4
Firms using banks to finance investments (% of firms) 27.9 37.3
Delay in obtaining an electrical connection (days) 23.5 93.2
ISO certification ownership (% of firms) 9.5 18.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 858 787 259,433
Private foreign direct investment, net (% of GDP) 4.4 1.5 2.7
Gross fixed capital formation (% of GDP) 30.6 18.0 27.5
Gross fixed private capital formation (% of GDP) 30.6 21.6 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.9 –6.8 ..
Government debt (% of GDP) .. 49.9 ..
Deposit money banks’ assets (% of GDP) 72.0 98.1 94.3
Total financial system deposits (% of GDP) 34.6 43.8 51.2
Bank capital to asset ratio (%) 7.6 7.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 0.7 19.0 3.7
Domestic credit to the private sector (% of GDP) 68.2 103.7 83.2
Real interest rate (%) –3.7 12.2
Interest rate spread (percentage points) 3.3 7.7 5.8
   
Infrastructure      
Paved roads (% of total roads) 100.0 20.9 57.6
Electric power consumption (kWh per capita) 2,703 2,875 2,714
Power outages in firms a typical month (number) .. 0.7
Mobile cellular subscriptions (per 100 people) 81.4 103.0 84.5
Internet users (per 100 people) 46.1 71.5 34.1

The Little Data Book on Private Sector Development 2012 125


Lebanon
Middle East & North Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.1 4.2 2,452
Labor force (millions) 1.3 1.5 1,314
Unemployment rate (% of labor force) 7.9 .. 5.8
GNI per capita, World Bank Atlas method ($) 5,710 8,880 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.0 7.1 6.3
Agriculture value added (% of GDP) 6.2 6.4 7.4
Industry value added (% of GDP) 21.3 21.5 36.8
Manufacturing value added (% of GDP) 12.7 8.3 21.3
Services value added (% of GDP) 72.4 72.2 55.8
Inflation (annual % change in consumer price index) .. 4.0
Exchange rate (local currency units per $) 1,507.5 1,507.5
Exports of goods and services (% of GDP) 21.4 20.9 28.8
Imports of goods and services (% of GDP) 42.6 43.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 104
Time to start a business (days) 46 9 38
Procedures to start a business (number) 6 5 8
Firing cost (weeks of wages) 17.0 17.0 41.4
Resolving insolvency (years) 4.0 4.0 2.8
Total tax rate (% of commercial profits) 35.4 30.2 41.9
Profit tax (% of commercial profits) .. 6.1 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 12.0 8.9
Firms expected to give gifts in meetings with tax officials (%) 23.7 19.2
Firms using banks to finance investments (% of firms) 53.5 23.8
Delay in obtaining an electrical connection (days) 71.6 117.6
ISO certification ownership (% of firms) 20.9 17.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 291 .. 259,433
Private foreign direct investment, net (% of GDP) 12.0 11.0 2.7
Gross fixed capital formation (% of GDP) 22.2 31.7 27.5
Gross fixed private capital formation (% of GDP) 19.5 29.7 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –7.8 –8.2 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 147.2 152.7 94.3
Total financial system deposits (% of GDP) 217.4 226.7 51.2
Bank capital to asset ratio (%) 7.5 7.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 16.4 4.3 3.7
Domestic credit to the private sector (% of GDP) 68.5 81.3 83.2
Real interest rate (%) 11.4 3.8
Interest rate spread (percentage points) 2.5 2.1 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 2,785 3,130 2,714
Power outages in firms a typical month (number) .. 29.9
Mobile cellular subscriptions (per 100 people) 24.5 68.0 84.5
Internet users (per 100 people) 10.1 31.0 34.1

126 2012 The Little Data Book on Private Sector Development


Lesotho
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.1 2.2 2,519
Labor force (millions) 0.85 0.89 994
Unemployment rate (% of labor force) .. 25.3 ..
GNI per capita, World Bank Atlas method ($) 760 1,070 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 2.8 4.0 6.4
Agriculture value added (% of GDP) 8.3 7.6 17.0
Industry value added (% of GDP) 33.9 32.9 31.3
Manufacturing value added (% of GDP) 19.8 15.1 16.4
Services value added (% of GDP) 57.8 59.5 51.7
Inflation (annual % change in consumer price index) 3.4 3.6
Exchange rate (local currency units per $) 6.4 7.3
Exports of goods and services (% of GDP) 49.4 44.2 27.6
Imports of goods and services (% of GDP) 122.1 101.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 143
Time to start a business (days) 93 40 34
Procedures to start a business (number) 9 7 8
Firing cost (weeks of wages) 44.0 44.0 63.9
Resolving insolvency (years) 2.6 2.6 3.3
Total tax rate (% of commercial profits) 26.2 16.0 40.4
Profit tax (% of commercial profits) .. 13.1 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 19.8 5.6
Firms expected to give gifts in meetings with tax officials (%) .. 9.2
Firms using banks to finance investments (% of firms) 11.9 32.7
Delay in obtaining an electrical connection (days) .. 13.9
ISO certification ownership (% of firms) 8.6 24.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 88 42 301,804
Private foreign direct investment, net (% of GDP) 5.1 5.3 2.1
Gross fixed capital formation (% of GDP) 23.4 38.6 25.7
Gross fixed private capital formation (% of GDP) 15.5 16.5 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 4.3 5.7 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 12.8 13.2 58.0
Total financial system deposits (% of GDP) 26.0 32.9 52.1
Bank capital to asset ratio (%) 10.2 8.4 ..
Bank nonperforming loans to total gross loans ratio (%) 3.0 3.7 ..
Domestic credit to the private sector (% of GDP) 9.0 13.6 40.1
Real interest rate (%) 5.9 2.3
Interest rate spread (percentage points) 7.8 7.5 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 6.8
Mobile cellular subscriptions (per 100 people) 12.1 45.5 71.7
Internet users (per 100 people) 2.6 3.9 13.5

The Little Data Book on Private Sector Development 2012 127


Liberia
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.2 4.0 796
Labor force (millions) 1.1 1.4 364
Unemployment rate (% of labor force) 5.6 3.7 ..
GNI per capita, World Bank Atlas method ($) 130 200 530
GDP growth, 2000–05 and 2005–10 (average annual %) –6.8 6.9 5.7
Agriculture value added (% of GDP) 65.8 61.3 25.6
Industry value added (% of GDP) 15.7 16.8 25.6
Manufacturing value added (% of GDP) 12.4 12.7 14.2
Services value added (% of GDP) 18.4 21.9 48.8
Inflation (annual % change in consumer price index) 10.8 7.4
Exchange rate (local currency units per $) 57.1 71.3
Exports of goods and services (% of GDP) 37.9 31.1 20.8
Imports of goods and services (% of GDP) 51.9 172.6 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 151
Time to start a business (days) 68 6 33
Procedures to start a business (number) 10 4 8
Firing cost (weeks of wages) 84.0 84.0 63.5
Resolving insolvency (years) 3.0 3.0 3.7
Total tax rate (% of commercial profits) 43.7 43.7 67.8
Profit tax (% of commercial profits) .. 0.0 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 7.5
Firms expected to give gifts in meetings with tax officials (%) .. 54.4
Firms using banks to finance investments (% of firms) .. 10.1
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. 2.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 70 379 21,616
Private foreign direct investment, net (% of GDP) 15.6 45.9 3.2
Gross fixed capital formation (% of GDP) 16.4 .. 22.4
Gross fixed private capital formation (% of GDP) 4.3 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.0 0.0 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 34.8
Total financial system deposits (% of GDP) .. .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 6.8 16.0 29.7
Real interest rate (%) 2.8 5.9
Interest rate spread (percentage points) 13.6 10.1 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. 5.4
Mobile cellular subscriptions (per 100 people) 5.0 39.3 33.1
Internet users (per 100 people) 0.0 7.0 5.6

128 2012 The Little Data Book on Private Sector Development


Libya
Middle East & North Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.8 6.4 2,452
Labor force (millions) 2.1 2.4 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 6,460 12,320 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.7 4.5 6.3
Agriculture value added (% of GDP) 2.3 1.9 7.4
Industry value added (% of GDP) 75.5 78.2 36.8
Manufacturing value added (% of GDP) 4.7 4.5 21.3
Services value added (% of GDP) 22.2 19.9 55.8
Inflation (annual % change in consumer price index) 2.7 2.5
Exchange rate (local currency units per $) 1.3 1.3
Exports of goods and services (% of GDP) 66.4 67.4 28.8
Imports of goods and services (% of GDP) 28.3 27.5 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 38
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 41.4
Resolving insolvency (years) .. .. 2.8
Total tax rate (% of commercial profits) .. .. 41.9
Profit tax (% of commercial profits) .. .. 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 259,433
Private foreign direct investment, net (% of GDP) 2.4 2.2 2.7
Gross fixed capital formation (% of GDP) 15.8 27.9 27.5
Gross fixed private capital formation (% of GDP) 1.7 5.9 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 10.1 14.4 94.3
Total financial system deposits (% of GDP) 17.6 41.2 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 7.7 10.9 83.2
Real interest rate (%) –14.8 57.8
Interest rate spread (percentage points) 4.0 3.5 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 3,413 4,170 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 34.7 171.5 84.5
Internet users (per 100 people) 3.9 14.0 34.1

The Little Data Book on Private Sector Development 2012 129


Liechtenstein
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.03 0.04 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) 92,780 137,070 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 0.5 3.0 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. 0.6
New business density (new regis. per 1,000 working-age pop.) .. 25.1 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 79.3 98.5 110.5
Internet users (per 100 people) 63.4 80.0 73.4

130 2012 The Little Data Book on Private Sector Development


Lithuania
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.4 3.3 2,452
Labor force (millions) 1.6 1.6 1,314
Unemployment rate (% of labor force) 8.3 17.8 5.8
GNI per capita, World Bank Atlas method ($) 7,280 11,510 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 8.0 0.5 6.3
Agriculture value added (% of GDP) 4.8 3.5 7.4
Industry value added (% of GDP) 32.9 28.2 36.8
Manufacturing value added (% of GDP) 20.8 16.4 21.3
Services value added (% of GDP) 62.3 68.3 55.8
Inflation (annual % change in consumer price index) 2.7 1.3
Exchange rate (local currency units per $) 2.8 2.6
Exports of goods and services (% of GDP) 57.5 68.2 28.8
Imports of goods and services (% of GDP) 64.6 69.6 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 27
Time to start a business (days) 26 22 38
Procedures to start a business (number) 8 6 8
Firing cost (weeks of wages) 30.0 30.0 41.4
Resolving insolvency (years) 1.7 1.5 2.8
Total tax rate (% of commercial profits) 52.3 43.9 41.9
Profit tax (% of commercial profits) .. 5.7 17.0
New businesses registered (thousands) 4.5 5.4
New business density (new regis. per 1,000 working-age pop.) 1.8 2.2 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.6 9.3
Firms expected to give gifts in meetings with tax officials (%) 35.4 3.4
Firms using banks to finance investments (% of firms) 21.8 47.4
Delay in obtaining an electrical connection (days) 37.5 63.0
ISO certification ownership (% of firms) 17.5 15.6
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,507 1,012 259,433
Private foreign direct investment, net (% of GDP) 4.0 2.1 2.7
Gross fixed capital formation (% of GDP) 22.8 16.1 27.5
Gross fixed private capital formation (% of GDP) 19.1 .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.5 –7.2 ..
Government debt (% of GDP) 21.4 43.2 ..
Deposit money banks’ assets (% of GDP) 44.8 66.8 94.3
Total financial system deposits (% of GDP) 31.9 41.9 51.2
Bank capital to asset ratio (%) 7.9 8.9 10.4
Bank nonperforming loans to total gross loans ratio (%) 0.6 19.7 3.7
Domestic credit to the private sector (% of GDP) 40.9 66.4 83.2
Real interest rate (%) –1.3 12.6
Interest rate spread (percentage points) 2.9 3.6 5.8
   
Infrastructure      
Paved roads (% of total roads) 28.3 29.4 57.6
Electric power consumption (kWh per capita) 3,101 3,431 2,714
Power outages in firms a typical month (number) .. 1.1
Mobile cellular subscriptions (per 100 people) 127.5 148.8 84.5
Internet users (per 100 people) 36.2 62.8 34.1

The Little Data Book on Private Sector Development 2012 131


Luxembourg
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.47 0.51 1,127
Labor force (millions) 0.21 0.24 551
Unemployment rate (% of labor force) 4.5 4.4 8.5
GNI per capita, World Bank Atlas method ($) 69,300 76,980 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.5 1.5 0.6
Agriculture value added (% of GDP) 0.4 0.3 1.3
Industry value added (% of GDP) 16.6 12.8 23.6
Manufacturing value added (% of GDP) 9.2 6.1 14.8
Services value added (% of GDP) 82.9 86.9 75.1
Inflation (annual % change in consumer price index) 2.5 2.3
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 155.8 165.0 27.8
Imports of goods and services (% of GDP) 130.3 133.8 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 50
Time to start a business (days) 26 19 17
Procedures to start a business (number) 6 6 6
Firing cost (weeks of wages) 39.0 52.0 38.4
Resolving insolvency (years) 2.0 2.0 2.1
Total tax rate (% of commercial profits) 21.6 20.8 37.4
Profit tax (% of commercial profits) .. 4.1 13.0
New businesses registered (thousands) 2.0 ..
New business density (new regis. per 1,000 working-age pop.) 6.3 .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 305.8 389.8 2.1
Gross fixed capital formation (% of GDP) 20.5 18.4 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.3 –1.0 –7.5
Government debt (% of GDP) 3.6 17.1 58.2
Deposit money banks’ assets (% of GDP) 129.1 186.6 139.2
Total financial system deposits (% of GDP) 362.6 338.3 108.8
Bank capital to asset ratio (%) 4.1 5.2 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.2 0.2 4.1
Domestic credit to the private sector (% of GDP) 129.0 185.4 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 .. 81.1
Electric power consumption (kWh per capita) 15,640 14,424 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 109.6 143.4 110.5
Internet users (per 100 people) 68.8 90.1 73.4

132 2012 The Little Data Book on Private Sector Development


Macao SAR, China
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.48 0.54 1,127
Labor force (millions) 0.26 0.34 551
Unemployment rate (% of labor force) 4.2 3.6 8.5
GNI per capita, World Bank Atlas method ($) 22,800 34,880 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 12.8 10.1 0.6
Agriculture value added (% of GDP) 0.0 0.0 1.3
Industry value added (% of GDP) 15.2 11.0 23.6
Manufacturing value added (% of GDP) 4.3 1.5 14.8
Services value added (% of GDP) 84.8 89.0 75.1
Inflation (annual % change in consumer price index) 4.4 2.8
Exchange rate (local currency units per $) 8.0 8.0
Exports of goods and services (% of GDP) 94.9 106.9 27.8
Imports of goods and services (% of GDP) 62.6 49.8 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 15.0 12.6 2.1
Gross fixed capital formation (% of GDP) 25.9 12.3 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 8.6 19.6 –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 40.0 47.6 139.2
Total financial system deposits (% of GDP) 141.0 105.0 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 45.4 57.4 164.0
Real interest rate (%) 1.2 1.1
Interest rate spread (percentage points) 5.5 5.2 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 110.7 206.3 110.5
Internet users (per 100 people) 34.9 56.8 73.4

The Little Data Book on Private Sector Development 2012 133


Macedonia, FYR
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.0 2.1 2,452
Labor force (millions) 0.86 0.95 1,314
Unemployment rate (% of labor force) 37.3 32.0 5.8
GNI per capita, World Bank Atlas method ($) 2,900 4,570 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 1.9 3.4 6.3
Agriculture value added (% of GDP) 12.3 11.3 7.4
Industry value added (% of GDP) 28.2 27.8 36.8
Manufacturing value added (% of GDP) 17.4 15.6 21.3
Services value added (% of GDP) 59.5 60.9 55.8
Inflation (annual % change in consumer price index) 0.2 1.6
Exchange rate (local currency units per $) 49.3 46.5
Exports of goods and services (% of GDP) 44.1 47.3 28.8
Imports of goods and services (% of GDP) 61.1 66.0 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 22
Time to start a business (days) 48 3 38
Procedures to start a business (number) 13 3 8
Firing cost (weeks of wages) 35.0 26.0 41.4
Resolving insolvency (years) 2.0 2.0 2.8
Total tax rate (% of commercial profits) 21.6 9.7 41.9
Profit tax (% of commercial profits) .. 6.3 17.0
New businesses registered (thousands) 8.0 8.1
New business density (new regis. per 1,000 working-age pop.) 5.7 5.6 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.7 14.5
Firms expected to give gifts in meetings with tax officials (%) 32.8 8.1
Firms using banks to finance investments (% of firms) 17.7 47.0
Delay in obtaining an electrical connection (days) 8.5 27.7
ISO certification ownership (% of firms) 14.1 21.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 707 1,525 259,433
Private foreign direct investment, net (% of GDP) 1.6 2.3 2.7
Gross fixed capital formation (% of GDP) 16.6 19.6 27.5
Gross fixed private capital formation (% of GDP) 10.6 13.0 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.4 –0.8 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 26.0 49.0 94.3
Total financial system deposits (% of GDP) 31.4 50.2 51.2
Bank capital to asset ratio (%) 15.9 10.6 10.4
Bank nonperforming loans to total gross loans ratio (%) 15.0 9.0 3.7
Domestic credit to the private sector (% of GDP) 24.4 45.3 83.2
Real interest rate (%) 8.1 7.2
Interest rate spread (percentage points) 6.9 2.4 5.8
   
Infrastructure      
Paved roads (% of total roads) 55.6 57.6 57.6
Electric power consumption (kWh per capita) 3,411 3,442 2,714
Power outages in firms a typical month (number) .. 2.2
Mobile cellular subscriptions (per 100 people) 55.5 104.5 84.5
Internet users (per 100 people) 26.5 51.9 34.1

134 2012 The Little Data Book on Private Sector Development


Madagascar
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 17.9 20.7 796
Labor force (millions) 8.6 10.1 364
Unemployment rate (% of labor force) 2.6 .. ..
GNI per capita, World Bank Atlas method ($) 300 430 530
GDP growth, 2000–05 and 2005–10 (average annual %) 2.0 3.1 5.7
Agriculture value added (% of GDP) 28.3 29.1 25.6
Industry value added (% of GDP) 15.8 16.0 25.6
Manufacturing value added (% of GDP) 14.0 14.1 14.2
Services value added (% of GDP) 55.9 54.9 48.8
Inflation (annual % change in consumer price index) 18.5 9.2
Exchange rate (local currency units per $) 2,003.0 2,090.0
Exports of goods and services (% of GDP) 28.2 28.8 20.8
Imports of goods and services (% of GDP) 45.6 52.8 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 137
Time to start a business (days) 38 8 33
Procedures to start a business (number) 11 3 8
Firing cost (weeks of wages) 30.0 30.0 63.5
Resolving insolvency (years) 2.0 2.0 3.7
Total tax rate (% of commercial profits) 46.9 36.6 67.8
Profit tax (% of commercial profits) .. 14.7 18.7
New businesses registered (thousands) 1.0 0.7
New business density (new regis. per 1,000 working-age pop.) 0.1 0.1 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 20.8 17.1
Firms expected to give gifts in meetings with tax officials (%) .. 6.8
Firms using banks to finance investments (% of firms) 18.5 12.2
Delay in obtaining an electrical connection (days) .. 92.1
ISO certification ownership (% of firms) 6.6 8.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 74 472 21,616
Private foreign direct investment, net (% of GDP) 1.7 9.9 3.2
Gross fixed capital formation (% of GDP) 22.2 33.0 22.4
Gross fixed private capital formation (% of GDP) 13.5 29.8 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –4.6 –1.9 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 11.8 14.3 34.8
Total financial system deposits (% of GDP) 14.2 17.0 31.7
Bank capital to asset ratio (%) 6.7 .. ..
Bank nonperforming loans to total gross loans ratio (%) 19.6 .. ..
Domestic credit to the private sector (% of GDP) 9.9 11.7 29.7
Real interest rate (%) 7.4 37.9
Interest rate spread (percentage points) 8.3 38.5 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. 13.6
Mobile cellular subscriptions (per 100 people) 2.9 37.2 33.1
Internet users (per 100 people) 0.6 1.7 5.6

The Little Data Book on Private Sector Development 2012 135


Malawi
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 12.8 14.9 796
Labor force (millions) 5.7 6.7 364
Unemployment rate (% of labor force) 7.8 .. ..
GNI per capita, World Bank Atlas method ($) 220 330 530
GDP growth, 2000–05 and 2005–10 (average annual %) 2.7 7.4 5.7
Agriculture value added (% of GDP) 32.6 30.5 25.6
Industry value added (% of GDP) 17.0 16.1 25.6
Manufacturing value added (% of GDP) 9.2 10.0 14.2
Services value added (% of GDP) 50.3 53.4 48.8
Inflation (annual % change in consumer price index) 15.4 7.4
Exchange rate (local currency units per $) 118.4 150.5
Exports of goods and services (% of GDP) 24.0 30.6 20.8
Imports of goods and services (% of GDP) 52.2 47.2 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 145
Time to start a business (days) 39 39 33
Procedures to start a business (number) 10 10 8
Firing cost (weeks of wages) 84.0 84.0 63.5
Resolving insolvency (years) 2.6 2.6 3.7
Total tax rate (% of commercial profits) 32.6 28.2 67.8
Profit tax (% of commercial profits) .. 23.6 18.7
New businesses registered (thousands) 0.4 0.6
New business density (new regis. per 1,000 working-age pop.) 0.1 0.1 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.8 3.5
Firms expected to give gifts in meetings with tax officials (%) 15.3 11.4
Firms using banks to finance investments (% of firms) 20.6 20.6
Delay in obtaining an electrical connection (days) 98.5 59.2
ISO certification ownership (% of firms) 17.2 17.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 36 314 21,616
Private foreign direct investment, net (% of GDP) 1.4 2.8 3.2
Gross fixed capital formation (% of GDP) 20.2 21.7 22.4
Gross fixed private capital formation (% of GDP) 13.0 16.9 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 9.2 18.4 34.8
Total financial system deposits (% of GDP) 17.0 21.1 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 7.9 16.0 29.7
Real interest rate (%) 19.6 17.1
Interest rate spread (percentage points) 22.2 21.0 9.8
   
Infrastructure      
Paved roads (% of total roads) 45.0 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 6.4 1.0
Mobile cellular subscriptions (per 100 people) 3.3 20.4 33.1
Internet users (per 100 people) 0.4 2.3 5.6

136 2012 The Little Data Book on Private Sector Development


Malaysia
East Asia & Pacific Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 26.1 28.4 2,452
Labor force (millions) 11.0 12.0 1,314
Unemployment rate (% of labor force) 3.5 3.7 5.8
GNI per capita, World Bank Atlas method ($) 5,110 7,760 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.1 4.2 6.3
Agriculture value added (% of GDP) 8.4 10.6 7.4
Industry value added (% of GDP) 49.7 44.4 36.8
Manufacturing value added (% of GDP) 29.6 26.1 21.3
Services value added (% of GDP) 41.9 45.0 55.8
Inflation (annual % change in consumer price index) 3.0 1.7
Exchange rate (local currency units per $) 3.8 3.2
Exports of goods and services (% of GDP) 117.5 97.3 28.8
Imports of goods and services (% of GDP) 94.6 79.5 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 18
Time to start a business (days) 37 6 38
Procedures to start a business (number) 10 4 8
Firing cost (weeks of wages) 75.0 75.0 41.4
Resolving insolvency (years) 2.3 1.5 2.8
Total tax rate (% of commercial profits) 36.0 34.0 41.9
Profit tax (% of commercial profits) .. 17.0 17.0
New businesses registered (thousands) 37.7 41.6
New business density (new regis. per 1,000 working-age pop.) 2.5 2.5 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 7.8 ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) 48.6 ..
Delay in obtaining an electrical connection (days) 10.7 ..
ISO certification ownership (% of firms) 54.1 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 20,698 5,707 259,433
Private foreign direct investment, net (% of GDP) 2.9 3.9 2.7
Gross fixed capital formation (% of GDP) 20.5 20.3 27.5
Gross fixed private capital formation (% of GDP) 10.3 10.3 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.9 –5.4 ..
Government debt (% of GDP) 43.8 53.1 ..
Deposit money banks’ assets (% of GDP) 123.2 132.4 94.3
Total financial system deposits (% of GDP) 113.6 128.8 51.2
Bank capital to asset ratio (%) 7.7 9.1 10.4
Bank nonperforming loans to total gross loans ratio (%) 9.6 3.4 3.7
Domestic credit to the private sector (% of GDP) 110.8 114.9 83.2
Real interest rate (%) 1.3 –0.1
Interest rate spread (percentage points) 3.0 2.5 5.8
   
Infrastructure      
Paved roads (% of total roads) 81.3 .. 57.6
Electric power consumption (kWh per capita) 3,121 3,614 2,714
Power outages in firms a typical month (number) 0.8 ..
Mobile cellular subscriptions (per 100 people) 74.9 119.2 84.5
Internet users (per 100 people) 48.6 56.3 34.1

The Little Data Book on Private Sector Development 2012 137


Maldives
South Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.30 0.32 2,452
Labor force (millions) 0.12 0.15 1,314
Unemployment rate (% of labor force) 14.4 .. 5.8
GNI per capita, World Bank Atlas method ($) 3,350 5,750 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 7.1 8.5 6.3
Agriculture value added (% of GDP) 9.9 3.1 7.4
Industry value added (% of GDP) 30.7 14.5 36.8
Manufacturing value added (% of GDP) 10.0 3.8 21.3
Services value added (% of GDP) 59.4 82.3 55.8
Inflation (annual % change in consumer price index) 3.5 4.7
Exchange rate (local currency units per $) 12.8 12.8
Exports of goods and services (% of GDP) 49.5 49.7 28.8
Imports of goods and services (% of GDP) 88.7 67.3 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 79
Time to start a business (days) 9 9 38
Procedures to start a business (number) 5 5 8
Firing cost (weeks of wages) 9.0 9.0 41.4
Resolving insolvency (years) 1.5 1.5 2.8
Total tax rate (% of commercial profits) 9.3 9.3 41.9
Profit tax (% of commercial profits) .. 0.0 17.0
New businesses registered (thousands) 0.7 0.9
New business density (new regis. per 1,000 working-age pop.) 3.2 3.1 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 53 490 259,433
Private foreign direct investment, net (% of GDP) 5.4 8.6 2.7
Gross fixed capital formation (% of GDP) 40.9 .. 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –9.3 –22.4 ..
Government debt (% of GDP) 40.3 44.2 ..
Deposit money banks’ assets (% of GDP) 44.6 104.2 94.3
Total financial system deposits (% of GDP) 44.6 76.7 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 46.1 64.6 83.2
Real interest rate (%) 13.5 10.7
Interest rate spread (percentage points) 6.5 6.3 5.8
   
Infrastructure      
Paved roads (% of total roads) 100.0 .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 69.0 156.4 84.5
Internet users (per 100 people) 6.9 28.3 34.1

138 2012 The Little Data Book on Private Sector Development


Mali
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 13.2 15.4 796
Labor force (millions) 3.6 4.3 364
Unemployment rate (% of labor force) 8.8 .. ..
GNI per capita, World Bank Atlas method ($) 390 600 530
GDP growth, 2000–05 and 2005–10 (average annual %) 5.9 4.7 5.7
Agriculture value added (% of GDP) 36.6 .. 25.6
Industry value added (% of GDP) 24.2 .. 25.6
Manufacturing value added (% of GDP) 3.2 .. 14.2
Services value added (% of GDP) 39.3 .. 48.8
Inflation (annual % change in consumer price index) 6.4 1.1
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 25.6 .. 20.8
Imports of goods and services (% of GDP) 37.3 .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 146
Time to start a business (days) 41 8 33
Procedures to start a business (number) 12 4 8
Firing cost (weeks of wages) 31.0 31.0 63.5
Resolving insolvency (years) 3.6 3.6 3.7
Total tax rate (% of commercial profits) 52.2 51.8 67.8
Profit tax (% of commercial profits) .. 10.8 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.4 2.0
Firms expected to give gifts in meetings with tax officials (%) 31.1 20.2
Firms using banks to finance investments (% of firms) 7.0 29.3
Delay in obtaining an electrical connection (days) 48.4 32.9
ISO certification ownership (% of firms) 8.6 24.8
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 504 837 21,616
Private foreign direct investment, net (% of GDP) 3.5 1.6 3.2
Gross fixed capital formation (% of GDP) 22.6 .. 22.4
Gross fixed private capital formation (% of GDP) 15.0 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.5 –2.1 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 18.1 19.7 34.8
Total financial system deposits (% of GDP) 17.1 19.8 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 17.2 18.4 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 19.0 24.6 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 4.2 5.3
Mobile cellular subscriptions (per 100 people) 5.8 48.4 33.1
Internet users (per 100 people) 0.5 2.7 5.6

The Little Data Book on Private Sector Development 2012 139


Malta
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.40 0.42 1,127
Labor force (millions) 0.16 0.18 551
Unemployment rate (% of labor force) 7.3 6.9 8.5
GNI per capita, World Bank Atlas method ($) 14,310 19,130 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.1 2.3 0.6
Agriculture value added (% of GDP) 2.7 1.8 1.3
Industry value added (% of GDP) 39.3 33.0 23.6
Manufacturing value added (% of GDP) 17.0 13.6 14.8
Services value added (% of GDP) 57.9 65.2 75.1
Inflation (annual % change in consumer price index) 3.0 1.5
Exchange rate (local currency units per $) 0.3 0.8
Exports of goods and services (% of GDP) 77.1 85.2 27.8
Imports of goods and services (% of GDP) 82.4 83.4 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) 2.4 2.7
New business density (new regis. per 1,000 working-age pop.) 8.8 9.5 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 11.4 12.0 2.1
Gross fixed capital formation (% of GDP) 20.1 16.7 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.1 –3.6 –7.5
Government debt (% of GDP) 83.4 81.7 58.2
Deposit money banks’ assets (% of GDP) 136.7 160.2 139.2
Total financial system deposits (% of GDP) 137.6 148.7 108.8
Bank capital to asset ratio (%) 12.9 10.8 6.8
Bank nonperforming loans to total gross loans ratio (%) 3.9 7.2 4.1
Domestic credit to the private sector (% of GDP) 106.5 131.4 164.0
Real interest rate (%) 2.9 1.6
Interest rate spread (percentage points) 2.8 .. ..
   
Infrastructure      
Paved roads (% of total roads) 87.5 87.5 81.1
Electric power consumption (kWh per capita) 4,913 4,416 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 80.2 109.5 110.5
Internet users (per 100 people) 41.8 63.1 73.4

140 2012 The Little Data Book on Private Sector Development


Marshall Islands
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.05 0.05 2,519
Labor force (millions) .. .. 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 3,560 3,640 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 1.8 0.9 6.4
Agriculture value added (% of GDP) .. .. 17.0
Industry value added (% of GDP) .. .. 31.3
Manufacturing value added (% of GDP) .. .. 16.4
Services value added (% of GDP) .. .. 51.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.6
Imports of goods and services (% of GDP) .. .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 106
Time to start a business (days) 17 17 34
Procedures to start a business (number) 5 5 8
Firing cost (weeks of wages) .. .. 63.9
Resolving insolvency (years) 2.0 2.0 3.3
Total tax rate (% of commercial profits) 64.9 64.9 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 301,804
Private foreign direct investment, net (% of GDP) 4.7 5.3 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.3 7.0 71.7
Internet users (per 100 people) 3.9 3.5 13.5

The Little Data Book on Private Sector Development 2012 141


Mauritania
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.0 3.5 2,519
Labor force (millions) 0.93 1.1 994
Unemployment rate (% of labor force) 33.0 .. ..
GNI per capita, World Bank Atlas method ($) 720 1,000 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.5 4.3 6.4
Agriculture value added (% of GDP) 30.5 17.1 17.0
Industry value added (% of GDP) 33.2 43.9 31.3
Manufacturing value added (% of GDP) 10.0 3.7 16.4
Services value added (% of GDP) 36.3 38.9 51.7
Inflation (annual % change in consumer price index) 12.1 6.3
Exchange rate (local currency units per $) 265.5 275.9
Exports of goods and services (% of GDP) 30.7 62.0 27.6
Imports of goods and services (% of GDP) 82.5 73.6 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 159
Time to start a business (days) 82 19 34
Procedures to start a business (number) 11 9 8
Firing cost (weeks of wages) 31.0 31.0 63.9
Resolving insolvency (years) 8.0 8.0 3.3
Total tax rate (% of commercial profits) 94.8 68.3 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.8 ..
Firms expected to give gifts in meetings with tax officials (%) 48.2 ..
Firms using banks to finance investments (% of firms) 3.2 ..
Delay in obtaining an electrical connection (days) 7.5 ..
ISO certification ownership (% of firms) 5.9 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 92 266 301,804
Private foreign direct investment, net (% of GDP) 37.3 0.4 2.1
Gross fixed capital formation (% of GDP) 59.0 24.5 25.7
Gross fixed private capital formation (% of GDP) 52.1 16.6 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 39.4 35.4 58.0
Total financial system deposits (% of GDP) 22.0 24.6 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 23.9 30.4 40.1
Real interest rate (%) 12.3 –2.0
Interest rate spread (percentage points) 15.1 9.0 8.7
   
Infrastructure      
Paved roads (% of total roads) 30.3 .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) 3.7 ..
Mobile cellular subscriptions (per 100 people) 24.5 79.3 71.7
Internet users (per 100 people) 0.7 3.0 13.5

142 2012 The Little Data Book on Private Sector Development


Mauritius
Sub-Saharan Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.2 1.3 2,452
Labor force (millions) 0.55 0.60 1,314
Unemployment rate (% of labor force) 9.6 7.7 5.8
GNI per capita, World Bank Atlas method ($) 5,360 7,850 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 3.3 4.6 6.3
Agriculture value added (% of GDP) 6.0 3.6 7.4
Industry value added (% of GDP) 27.6 26.9 36.8
Manufacturing value added (% of GDP) 19.8 18.0 21.3
Services value added (% of GDP) 66.4 69.4 55.8
Inflation (annual % change in consumer price index) 4.9 2.9
Exchange rate (local currency units per $) 29.5 30.8
Exports of goods and services (% of GDP) 59.9 52.4 28.8
Imports of goods and services (% of GDP) 65.9 63.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 23
Time to start a business (days) 46 6 38
Procedures to start a business (number) 6 5 8
Firing cost (weeks of wages) 35.0 4.0 41.4
Resolving insolvency (years) 1.7 1.7 2.8
Total tax rate (% of commercial profits) 23.4 25.0 41.9
Profit tax (% of commercial profits) .. 11.6 17.0
New businesses registered (thousands) 6.3 6.6
New business density (new regis. per 1,000 working-age pop.) 7.3 7.3 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.6 9.4
Firms expected to give gifts in meetings with tax officials (%) .. 0.3
Firms using banks to finance investments (% of firms) 48.4 37.5
Delay in obtaining an electrical connection (days) .. 18.7
ISO certification ownership (% of firms) 28.4 11.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 393 63 259,433
Private foreign direct investment, net (% of GDP) 0.7 4.4 2.7
Gross fixed capital formation (% of GDP) 21.4 24.9 27.5
Gross fixed private capital formation (% of GDP) 15.1 18.8 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. –2.4 ..
Government debt (% of GDP) .. 37.8 ..
Deposit money banks’ assets (% of GDP) 102.7 112.2 94.3
Total financial system deposits (% of GDP) 91.4 99.4 51.2
Bank capital to asset ratio (%) 7.3 7.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 3.0 2.8 3.7
Domestic credit to the private sector (% of GDP) 75.3 87.8 83.2
Real interest rate (%) 16.1 6.9
Interest rate spread (percentage points) 13.8 0.5 5.8
   
Infrastructure      
Paved roads (% of total roads) 100.0 98.0 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. 3.2
Mobile cellular subscriptions (per 100 people) 52.8 93.0 84.5
Internet users (per 100 people) 15.3 28.7 34.1

The Little Data Book on Private Sector Development 2012 143


Mayotte
Sub-Saharan Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.17 0.20 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) .. .. 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 6.3
Agriculture value added (% of GDP) .. .. 7.4
Industry value added (% of GDP) .. .. 36.8
Manufacturing value added (% of GDP) .. .. 21.3
Services value added (% of GDP) .. .. 55.8
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 28.8
Imports of goods and services (% of GDP) .. .. 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 38
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 41.4
Resolving insolvency (years) .. .. 2.8
Total tax rate (% of commercial profits) .. .. 41.9
Profit tax (% of commercial profits) .. .. 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 259,433
Private foreign direct investment, net (% of GDP) .. .. 2.7
Gross fixed capital formation (% of GDP) .. .. 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 94.3
Total financial system deposits (% of GDP) .. .. 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) .. .. 83.2
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 28.4 .. 84.5
Internet users (per 100 people) .. .. 34.1

144 2012 The Little Data Book on Private Sector Development


Mexico
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 106.5 113.4 2,452
Labor force (millions) 44.3 49.6 1,314
Unemployment rate (% of labor force) 3.5 5.3 5.8
GNI per capita, World Bank Atlas method ($) 7,820 8,930 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 1.9 1.1 6.3
Agriculture value added (% of GDP) 3.7 3.9 7.4
Industry value added (% of GDP) 34.0 34.3 36.8
Manufacturing value added (% of GDP) 18.4 18.0 21.3
Services value added (% of GDP) 62.3 61.8 55.8
Inflation (annual % change in consumer price index) 4.0 4.2
Exchange rate (local currency units per $) 10.9 12.6
Exports of goods and services (% of GDP) 27.1 30.3 28.8
Imports of goods and services (% of GDP) 28.6 31.7 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 53
Time to start a business (days) 58 9 38
Procedures to start a business (number) 9 6 8
Firing cost (weeks of wages) 52.0 52.0 41.4
Resolving insolvency (years) 1.8 1.8 2.8
Total tax rate (% of commercial profits) 55.7 52.7 41.9
Profit tax (% of commercial profits) .. 24.5 17.0
New businesses registered (thousands) 37.3 44.1
New business density (new regis. per 1,000 working-age pop.) 0.6 0.6 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 20.5 13.6
Firms expected to give gifts in meetings with tax officials (%) 9.6 10.4
Firms using banks to finance investments (% of firms) 2.6 16.2
Delay in obtaining an electrical connection (days) 8.3 17.1
ISO certification ownership (% of firms) 20.3 24.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 29,001 32,322 259,433
Private foreign direct investment, net (% of GDP) 2.9 1.9 2.7
Gross fixed capital formation (% of GDP) 20.0 20.1 27.5
Gross fixed private capital formation (% of GDP) 15.5 14.2 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 33.4 39.2 94.3
Total financial system deposits (% of GDP) 21.7 26.7 51.2
Bank capital to asset ratio (%) 12.5 10.4 10.4
Bank nonperforming loans to total gross loans ratio (%) 1.8 2.0 3.7
Domestic credit to the private sector (% of GDP) 16.6 24.6 83.2
Real interest rate (%) 4.9 1.2
Interest rate spread (percentage points) 6.2 4.1 5.8
   
Infrastructure      
Paved roads (% of total roads) 37.0 35.3 57.6
Electric power consumption (kWh per capita) 1,927 1,943 2,714
Power outages in firms a typical month (number) 2.4 3.5
Mobile cellular subscriptions (per 100 people) 44.3 80.6 84.5
Internet users (per 100 people) 17.2 31.1 34.1

The Little Data Book on Private Sector Development 2012 145


Micronesia, Fed. Sts.
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.11 0.11 2,519
Labor force (millions) .. .. 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 2,510 2,740 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 0.3 –0.5 6.4
Agriculture value added (% of GDP) .. .. 17.0
Industry value added (% of GDP) .. .. 31.3
Manufacturing value added (% of GDP) .. .. 16.4
Services value added (% of GDP) .. .. 51.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) .. .. 27.6
Imports of goods and services (% of GDP) .. .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 140
Time to start a business (days) 16 16 34
Procedures to start a business (number) 7 7 8
Firing cost (weeks of wages) .. .. 63.9
Resolving insolvency (years) 5.3 5.3 3.3
Total tax rate (% of commercial profits) 59.6 58.7 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 12.4
Firms expected to give gifts in meetings with tax officials (%) .. 0.0
Firms using banks to finance investments (% of firms) .. 7.2
Delay in obtaining an electrical connection (days) .. 67.1
ISO certification ownership (% of firms) .. 6.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 301,804
Private foreign direct investment, net (% of GDP) 0.0 3.4 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 19.8 20.6 40.1
Real interest rate (%) 13.9 11.7
Interest rate spread (percentage points) 14.8 14.2 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 5.8
Mobile cellular subscriptions (per 100 people) 12.9 24.8 71.7
Internet users (per 100 people) 11.9 20.0 13.5

146 2012 The Little Data Book on Private Sector Development


Moldova
Europe & Central Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.6 3.6 2,519
Labor force (millions) 1.4 1.2 994
Unemployment rate (% of labor force) 7.3 6.4 ..
GNI per capita, World Bank Atlas method ($) 890 1,810 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 7.1 2.9 6.4
Agriculture value added (% of GDP) 19.5 14.3 17.0
Industry value added (% of GDP) 16.3 13.2 31.3
Manufacturing value added (% of GDP) 15.9 12.7 16.4
Services value added (% of GDP) 64.1 72.5 51.7
Inflation (annual % change in consumer price index) 12.0 7.4
Exchange rate (local currency units per $) 12.6 12.4
Exports of goods and services (% of GDP) 51.1 39.6 27.6
Imports of goods and services (% of GDP) 91.7 78.2 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 81
Time to start a business (days) 30 9 34
Procedures to start a business (number) 10 7 8
Firing cost (weeks of wages) 29.0 37.0 63.9
Resolving insolvency (years) 2.8 2.8 3.3
Total tax rate (% of commercial profits) 48.2 31.3 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) 4.6 4.2
New business density (new regis. per 1,000 working-age pop.) 1.5 1.3 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.7 7.0
Firms expected to give gifts in meetings with tax officials (%) 45.2 15.5
Firms using banks to finance investments (% of firms) 27.0 30.8
Delay in obtaining an electrical connection (days) 30.4 24.3
ISO certification ownership (% of firms) 7.2 9.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 273 555 301,804
Private foreign direct investment, net (% of GDP) 6.4 3.3 2.1
Gross fixed capital formation (% of GDP) 24.6 22.7 25.7
Gross fixed private capital formation (% of GDP) 22.6 21.9 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.8 –2.6 –3.6
Government debt (% of GDP) 32.4 26.3 ..
Deposit money banks’ assets (% of GDP) 25.4 38.7 58.0
Total financial system deposits (% of GDP) 29.9 37.5 52.1
Bank capital to asset ratio (%) 15.7 16.0 ..
Bank nonperforming loans to total gross loans ratio (%) 5.3 13.3 ..
Domestic credit to the private sector (% of GDP) 23.6 33.3 40.1
Real interest rate (%) 9.1 4.7
Interest rate spread (percentage points) 6.0 8.7 8.7
   
Infrastructure      
Paved roads (% of total roads) 86.3 85.8 48.6
Electric power consumption (kWh per capita) 1,539 1,018 644
Power outages in firms a typical month (number) .. 1.7
Mobile cellular subscriptions (per 100 people) 30.3 88.9 71.7
Internet users (per 100 people) 15.3 40.1 13.5

The Little Data Book on Private Sector Development 2012 147


Monaco
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.04 0.04 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) 123,100 183,150 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.7 7.7 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 110.5
Internet users (per 100 people) .. .. 73.4

148 2012 The Little Data Book on Private Sector Development


Mongolia
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.5 2.8 2,519
Labor force (millions) 1.1 1.2 994
Unemployment rate (% of labor force) 3.3 .. ..
GNI per capita, World Bank Atlas method ($) 890 1,870 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 6.7 6.4 6.4
Agriculture value added (% of GDP) 22.1 16.2 17.0
Industry value added (% of GDP) 36.2 37.5 31.3
Manufacturing value added (% of GDP) 6.4 7.3 16.4
Services value added (% of GDP) 41.7 46.3 51.7
Inflation (annual % change in consumer price index) 12.7 10.1
Exchange rate (local currency units per $) 1,205.2 1,357.1
Exports of goods and services (% of GDP) 58.8 54.7 27.6
Imports of goods and services (% of GDP) 63.6 62.4 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 86
Time to start a business (days) 13 13 34
Procedures to start a business (number) 7 7 8
Firing cost (weeks of wages) 9.0 9.0 63.9
Resolving insolvency (years) 4.0 4.0 3.3
Total tax rate (% of commercial profits) 39.8 24.6 40.4
Profit tax (% of commercial profits) .. 10.2 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.0 12.1
Firms expected to give gifts in meetings with tax officials (%) .. 20.8
Firms using banks to finance investments (% of firms) 42.3 26.5
Delay in obtaining an electrical connection (days) 6.7 20.0
ISO certification ownership (% of firms) 20.5 16.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 22 .. 301,804
Private foreign direct investment, net (% of GDP) 7.3 23.5 2.1
Gross fixed capital formation (% of GDP) 27.9 32.5 25.7
Gross fixed private capital formation (% of GDP) 25.8 26.4 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.8 3.0 –3.6
Government debt (% of GDP) 50.5 45.0 ..
Deposit money banks’ assets (% of GDP) 27.6 41.8 58.0
Total financial system deposits (% of GDP) 34.8 34.9 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 27.6 39.6 40.1
Real interest rate (%) 8.7 0.0
Interest rate spread (percentage points) 17.6 8.2 8.7
   
Infrastructure      
Paved roads (% of total roads) 3.5 .. 48.6
Electric power consumption (kWh per capita) 1,278 1,411 644
Power outages in firms a typical month (number) .. 2.6
Mobile cellular subscriptions (per 100 people) 21.9 91.1 71.7
Internet users (per 100 people) 2.0 12.9 13.5

The Little Data Book on Private Sector Development 2012 149


Montenegro
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.63 0.63 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) 30.3 .. 5.8
GNI per capita, World Bank Atlas method ($) 3,580 6,740 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 2.8 4.3 6.3
Agriculture value added (% of GDP) 10.5 9.2 7.4
Industry value added (% of GDP) 20.7 19.5 36.8
Manufacturing value added (% of GDP) 9.8 5.4 21.3
Services value added (% of GDP) 68.8 71.3 55.8
Inflation (annual % change in consumer price index) 2.9 0.7
Exchange rate (local currency units per $) 0.8 0.8
Exports of goods and services (% of GDP) 43.5 35.6 28.8
Imports of goods and services (% of GDP) 61.1 63.6 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 56
Time to start a business (days) 24 10 38
Procedures to start a business (number) 13 6 8
Firing cost (weeks of wages) 39.0 28.0 41.4
Resolving insolvency (years) 2.0 2.0 2.8
Total tax rate (% of commercial profits) 31.6 22.3 41.9
Profit tax (% of commercial profits) .. 7.1 17.0
New businesses registered (thousands) 2.0 0.4
New business density (new regis. per 1,000 working-age pop.) 4.2 0.9 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 12.7 6.8
Firms expected to give gifts in meetings with tax officials (%) .. 3.4
Firms using banks to finance investments (% of firms) 18.6 75.9
Delay in obtaining an electrical connection (days) .. 30.9
ISO certification ownership (% of firms) 12.0 13.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 248 486 259,433
Private foreign direct investment, net (% of GDP) 25.5 18.5 2.7
Gross fixed capital formation (% of GDP) 18.0 21.1 27.5
Gross fixed private capital formation (% of GDP) 13.3 15.8 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 94.3
Total financial system deposits (% of GDP) .. .. 51.2
Bank capital to asset ratio (%) 15.3 10.6 10.4
Bank nonperforming loans to total gross loans ratio (%) 5.3 21.0 3.7
Domestic credit to the private sector (% of GDP) 18.0 66.9 83.2
Real interest rate (%) 2.0 7.8
Interest rate spread (percentage points) 6.1 5.8 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. 7.0
Mobile cellular subscriptions (per 100 people) 86.7 185.1 84.5
Internet users (per 100 people) 28.8 52.0 34.1

150 2012 The Little Data Book on Private Sector Development


Morocco
Middle East & North Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 30.4 32.0 2,519
Labor force (millions) 11.0 11.4 994
Unemployment rate (% of labor force) 11.0 10.0 ..
GNI per capita, World Bank Atlas method ($) 1,960 2,850 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.0 4.8 6.4
Agriculture value added (% of GDP) 14.7 15.4 17.0
Industry value added (% of GDP) 28.2 29.7 31.3
Manufacturing value added (% of GDP) 16.3 15.3 16.4
Services value added (% of GDP) 57.1 55.0 51.7
Inflation (annual % change in consumer price index) 1.0 1.0
Exchange rate (local currency units per $) 8.9 8.4
Exports of goods and services (% of GDP) 32.3 33.0 27.6
Imports of goods and services (% of GDP) 37.9 42.9 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 94
Time to start a business (days) 12 12 34
Procedures to start a business (number) 6 6 8
Firing cost (weeks of wages) 85.0 85.0 63.9
Resolving insolvency (years) 1.8 1.8 3.3
Total tax rate (% of commercial profits) 51.7 49.6 40.4
Profit tax (% of commercial profits) .. 25.2 16.0
New businesses registered (thousands) 11.3 26.2
New business density (new regis. per 1,000 working-age pop.) 0.6 1.3 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.2 ..
Firms expected to give gifts in meetings with tax officials (%) 10.7 ..
Firms using banks to finance investments (% of firms) 26.5 ..
Delay in obtaining an electrical connection (days) 18.8 ..
ISO certification ownership (% of firms) 22.3 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 7,389 3,874 301,804
Private foreign direct investment, net (% of GDP) 2.7 1.4 2.1
Gross fixed capital formation (% of GDP) 27.5 30.7 25.7
Gross fixed private capital formation (% of GDP) 23.8 24.9 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.5 –2.6 –3.6
Government debt (% of GDP) 57.3 50.3 ..
Deposit money banks’ assets (% of GDP) 73.0 105.2 58.0
Total financial system deposits (% of GDP) 71.5 89.6 52.1
Bank capital to asset ratio (%) 7.7 8.4 ..
Bank nonperforming loans to total gross loans ratio (%) 15.7 4.4 ..
Domestic credit to the private sector (% of GDP) 46.2 68.7 40.1
Real interest rate (%) 9.9 ..
Interest rate spread (percentage points) 8.0 .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 61.9 70.3 48.6
Electric power consumption (kWh per capita) 636 756 644
Power outages in firms a typical month (number) 2.5 ..
Mobile cellular subscriptions (per 100 people) 40.8 100.1 71.7
Internet users (per 100 people) 15.1 49.0 13.5

The Little Data Book on Private Sector Development 2012 151


Mozambique
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 20.8 23.4 796
Labor force (millions) 9.9 11.1 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 290 440 530
GDP growth, 2000–05 and 2005–10 (average annual %) 8.2 7.2 5.7
Agriculture value added (% of GDP) 27.0 31.9 25.6
Industry value added (% of GDP) 25.3 23.4 25.6
Manufacturing value added (% of GDP) 15.5 13.1 14.2
Services value added (% of GDP) 47.7 44.8 48.8
Inflation (annual % change in consumer price index) 7.2 12.7
Exchange rate (local currency units per $) 23.1 34.0
Exports of goods and services (% of GDP) 31.7 25.3 20.8
Imports of goods and services (% of GDP) 43.9 43.2 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 139
Time to start a business (days) 153 13 33
Procedures to start a business (number) 14 9 8
Firing cost (weeks of wages) 143.0 134.0 63.5
Resolving insolvency (years) 5.0 5.0 3.7
Total tax rate (% of commercial profits) 34.3 34.3 67.8
Profit tax (% of commercial profits) .. 27.7 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.3 ..
Firms expected to give gifts in meetings with tax officials (%) 9.8 ..
Firms using banks to finance investments (% of firms) 10.5 ..
Delay in obtaining an electrical connection (days) 12.7 ..
ISO certification ownership (% of firms) 18.7 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,663 236 21,616
Private foreign direct investment, net (% of GDP) 1.6 8.2 3.2
Gross fixed capital formation (% of GDP) 18.7 23.7 22.4
Gross fixed private capital formation (% of GDP) 10.1 10.6 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 18.1 .. 34.8
Total financial system deposits (% of GDP) 23.6 .. 31.7
Bank capital to asset ratio (%) 6.6 8.0 ..
Bank nonperforming loans to total gross loans ratio (%) 3.5 1.9 ..
Domestic credit to the private sector (% of GDP) 11.8 25.8 29.7
Real interest rate (%) 9.8 3.1
Interest rate spread (percentage points) 11.7 6.6 9.8
   
Infrastructure      
Paved roads (% of total roads) .. 20.8 20.7
Electric power consumption (kWh per capita) 445 453 229
Power outages in firms a typical month (number) 3.0 ..
Mobile cellular subscriptions (per 100 people) 7.2 30.9 33.1
Internet users (per 100 people) 0.9 4.2 5.6

152 2012 The Little Data Book on Private Sector Development


Myanmar
East Asia & Pacific Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 46.3 48.0 796
Labor force (millions) 26.0 28.0 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) .. .. 530
GDP growth, 2000–05 and 2005–10 (average annual %) 13.0 11.2 5.7
Agriculture value added (% of GDP) 46.7 36.4 25.6
Industry value added (% of GDP) 17.5 26.0 25.6
Manufacturing value added (% of GDP) 12.8 19.5 14.2
Services value added (% of GDP) 35.8 37.6 48.8
Inflation (annual % change in consumer price index) 9.4 7.7
Exchange rate (local currency units per $) 5.8 5.6
Exports of goods and services (% of GDP) 0.2 0.1 20.8
Imports of goods and services (% of GDP) 0.1 0.1 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 33
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 63.5
Resolving insolvency (years) .. .. 3.7
Total tax rate (% of commercial profits) .. .. 67.8
Profit tax (% of commercial profits) .. .. 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 556 21,616
Private foreign direct investment, net (% of GDP) .. .. 3.2
Gross fixed capital formation (% of GDP) 12.7 22.4 22.4
Gross fixed private capital formation (% of GDP) .. .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.5 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 6.0 .. 34.8
Total financial system deposits (% of GDP) 8.1 .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 4.7 4.7 29.7
Real interest rate (%) –3.6 8.1
Interest rate spread (percentage points) 5.5 5.0 9.8
   
Infrastructure      
Paved roads (% of total roads) 11.9 .. 20.7
Electric power consumption (kWh per capita) 85 104 229
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.3 1.2 33.1
Internet users (per 100 people) 0.1 0.2 5.6

The Little Data Book on Private Sector Development 2012 153


Namibia
Sub-Saharan Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.1 2.3 2,452
Labor force (millions) 0.78 0.93 1,314
Unemployment rate (% of labor force) 21.9 37.6 5.8
GNI per capita, World Bank Atlas method ($) 3,300 4,510 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.4 3.8 6.3
Agriculture value added (% of GDP) 11.3 7.5 7.4
Industry value added (% of GDP) 29.2 19.6 36.8
Manufacturing value added (% of GDP) 13.6 7.7 21.3
Services value added (% of GDP) 59.5 72.9 55.8
Inflation (annual % change in consumer price index) 2.3 4.5
Exchange rate (local currency units per $) 6.4 7.3
Exports of goods and services (% of GDP) 40.5 38.9 28.8
Imports of goods and services (% of GDP) 40.3 37.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 78
Time to start a business (days) 95 66 38
Procedures to start a business (number) 10 10 8
Firing cost (weeks of wages) 24.0 24.0 41.4
Resolving insolvency (years) 1.5 1.5 2.8
Total tax rate (% of commercial profits) 13.1 9.8 41.9
Profit tax (% of commercial profits) .. 4.0 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.9 ..
Firms expected to give gifts in meetings with tax officials (%) 2.6 ..
Firms using banks to finance investments (% of firms) 8.1 ..
Delay in obtaining an electrical connection (days) 9.2 ..
ISO certification ownership (% of firms) 17.6 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 36 9 259,433
Private foreign direct investment, net (% of GDP) 2.3 6.5 2.7
Gross fixed capital formation (% of GDP) 18.6 23.5 27.5
Gross fixed private capital formation (% of GDP) 16.2 14.9 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.0 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 59.7 .. 94.3
Total financial system deposits (% of GDP) 41.2 .. 51.2
Bank capital to asset ratio (%) 7.8 8.4 10.4
Bank nonperforming loans to total gross loans ratio (%) 2.3 2.0 3.7
Domestic credit to the private sector (% of GDP) 51.8 45.6 83.2
Real interest rate (%) 4.8 0.4
Interest rate spread (percentage points) 4.4 4.7 5.8
   
Infrastructure      
Paved roads (% of total roads) 12.8 14.7 57.6
Electric power consumption (kWh per capita) 1,416 1,576 2,714
Power outages in firms a typical month (number) 1.6 ..
Mobile cellular subscriptions (per 100 people) 21.6 67.2 84.5
Internet users (per 100 people) 4.0 6.5 34.1

154 2012 The Little Data Book on Private Sector Development


Nepal
South Asia Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 27.3 30.0 796
Labor force (millions) 14.0 16.0 364
Unemployment rate (% of labor force) .. 2.7 ..
GNI per capita, World Bank Atlas method ($) 290 490 530
GDP growth, 2000–05 and 2005–10 (average annual %) 3.3 4.5 5.7
Agriculture value added (% of GDP) 36.3 36.1 25.6
Industry value added (% of GDP) 17.7 15.4 25.6
Manufacturing value added (% of GDP) 8.2 6.6 14.2
Services value added (% of GDP) 46.0 48.5 48.8
Inflation (annual % change in consumer price index) 6.8 10.0
Exchange rate (local currency units per $) 71.4 73.2
Exports of goods and services (% of GDP) 14.6 9.8 20.8
Imports of goods and services (% of GDP) 29.5 37.1 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 107
Time to start a business (days) 31 29 33
Procedures to start a business (number) 7 7 8
Firing cost (weeks of wages) 90.0 90.0 63.5
Resolving insolvency (years) 5.0 5.0 3.7
Total tax rate (% of commercial profits) 32.5 31.5 67.8
Profit tax (% of commercial profits) .. 17.2 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 6.5
Firms expected to give gifts in meetings with tax officials (%) .. 14.9
Firms using banks to finance investments (% of firms) .. 17.5
Delay in obtaining an electrical connection (days) .. 9.0
ISO certification ownership (% of firms) .. 3.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 124 60 21,616
Private foreign direct investment, net (% of GDP) 0.0 0.6 3.2
Gross fixed capital formation (% of GDP) 19.9 20.2 22.4
Gross fixed private capital formation (% of GDP) 17.0 15.7 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.0 .. ..
Government debt (% of GDP) 51.8 43.8 ..
Deposit money banks’ assets (% of GDP) 38.8 65.0 34.8
Total financial system deposits (% of GDP) 41.7 61.6 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 28.4 55.6 29.7
Real interest rate (%) 1.9 –4.8
Interest rate spread (percentage points) 5.9 4.4 9.8
   
Infrastructure      
Paved roads (% of total roads) 56.1 53.9 20.7
Electric power consumption (kWh per capita) 73 91 229
Power outages in firms a typical month (number) .. 52.0
Mobile cellular subscriptions (per 100 people) 0.8 30.7 33.1
Internet users (per 100 people) 0.8 7.9 5.6

The Little Data Book on Private Sector Development 2012 155


Netherlands
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 16.3 16.6 1,127
Labor force (millions) 8.6 8.9 551
Unemployment rate (% of labor force) 4.7 4.5 8.5
GNI per capita, World Bank Atlas method ($) 39,880 49,030 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.2 1.2 0.6
Agriculture value added (% of GDP) 2.1 2.0 1.3
Industry value added (% of GDP) 24.2 23.9 23.6
Manufacturing value added (% of GDP) 14.3 13.3 14.8
Services value added (% of GDP) 73.7 74.1 75.1
Inflation (annual % change in consumer price index) 1.7 1.3
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 69.6 78.0 27.8
Imports of goods and services (% of GDP) 61.1 70.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 31
Time to start a business (days) 9 8 17
Procedures to start a business (number) 7 6 6
Firing cost (weeks of wages) 17.0 17.0 38.4
Resolving insolvency (years) 1.1 1.1 2.1
Total tax rate (% of commercial profits) 48.5 40.5 37.4
Profit tax (% of commercial profits) .. 20.9 13.0
New businesses registered (thousands) 29.1 35.1
New business density (new regis. per 1,000 working-age pop.) 2.6 3.1 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.4 –2.0 2.1
Gross fixed capital formation (% of GDP) 18.9 18.2 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.1 –4.8 –7.5
Government debt (% of GDP) 51.5 58.2 58.2
Deposit money banks’ assets (% of GDP) 176.5 211.9 139.2
Total financial system deposits (% of GDP) 112.8 130.5 108.8
Bank capital to asset ratio (%) 3.1 4.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.2 2.8 4.1
Domestic credit to the private sector (% of GDP) 165.0 199.3 164.0
Real interest rate (%) 0.3 0.4
Interest rate spread (percentage points) 0.4 –0.6 ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) 6,988 6,896 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 97.0 115.4 110.5
Internet users (per 100 people) 80.9 90.7 73.4

156 2012 The Little Data Book on Private Sector Development


New Caledonia
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.23 0.25 1,127
Labor force (millions) 0.10 0.11 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 96.0 ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 57.3 89.4 110.5
Internet users (per 100 people) 31.9 34.2 73.4

The Little Data Book on Private Sector Development 2012 157


New Zealand
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.1 4.4 1,127
Labor force (millions) 2.2 2.4 551
Unemployment rate (% of labor force) 3.8 6.5 8.5
GNI per capita, World Bank Atlas method ($) 24,840 28,770 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.1 0.5 0.6
Agriculture value added (% of GDP) 5.4 .. 1.3
Industry value added (% of GDP) 25.1 .. 23.6
Manufacturing value added (% of GDP) 15.3 .. 14.8
Services value added (% of GDP) 69.5 .. 75.1
Inflation (annual % change in consumer price index) 3.2 2.9
Exchange rate (local currency units per $) 1.4 1.4
Exports of goods and services (% of GDP) 27.4 28.7 27.8
Imports of goods and services (% of GDP) 29.6 27.2 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 3
Time to start a business (days) 12 1 17
Procedures to start a business (number) 2 1 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) 1.3 1.3 2.1
Total tax rate (% of commercial profits) 36.2 34.4 37.4
Profit tax (% of commercial profits) .. 29.9 13.0
New businesses registered (thousands) 63.3 47.9
New business density (new regis. per 1,000 working-age pop.) 23.5 17.1 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.4 –0.6 2.1
Gross fixed capital formation (% of GDP) 24.0 19.3 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 4.4 .. –7.5
Government debt (% of GDP) 44.8 .. 58.2
Deposit money banks’ assets (% of GDP) 126.5 154.7 139.2
Total financial system deposits (% of GDP) 78.0 93.3 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 122.4 149.0 164.0
Real interest rate (%) 5.4 4.9
Interest rate spread (percentage points) 1.1 1.7 ..
   
Infrastructure      
Paved roads (% of total roads) 64.9 66.2 81.1
Electric power consumption (kWh per capita) 9,674 9,346 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 85.4 114.9 110.5
Internet users (per 100 people) 62.7 83.0 73.4

158 2012 The Little Data Book on Private Sector Development


Nicaragua
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.4 5.8 2,519
Labor force (millions) 2.1 2.4 994
Unemployment rate (% of labor force) 5.6 .. ..
GNI per capita, World Bank Atlas method ($) 890 1,110 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 3.1 3.1 6.4
Agriculture value added (% of GDP) 19.0 21.4 17.0
Industry value added (% of GDP) 29.8 29.8 31.3
Manufacturing value added (% of GDP) 18.7 19.8 16.4
Services value added (% of GDP) 51.2 48.8 51.7
Inflation (annual % change in consumer price index) 9.6 5.5
Exchange rate (local currency units per $) 16.7 21.4
Exports of goods and services (% of GDP) 29.0 41.3 27.6
Imports of goods and services (% of GDP) 58.6 69.6 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 118
Time to start a business (days) 39 39 34
Procedures to start a business (number) 8 8 8
Firing cost (weeks of wages) 22.0 22.0 63.9
Resolving insolvency (years) 2.2 2.2 3.3
Total tax rate (% of commercial profits) 63.5 66.8 40.4
Profit tax (% of commercial profits) .. 24.5 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 9.3 20.2
Firms expected to give gifts in meetings with tax officials (%) 2.6 4.2
Firms using banks to finance investments (% of firms) 13.0 21.9
Delay in obtaining an electrical connection (days) 62.7 24.7
ISO certification ownership (% of firms) 18.7 15.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 449 1,022 301,804
Private foreign direct investment, net (% of GDP) 4.9 7.8 2.1
Gross fixed capital formation (% of GDP) 28.4 27.4 25.7
Gross fixed private capital formation (% of GDP) 21.5 20.9 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.8 –1.0 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 30.4 32.9 58.0
Total financial system deposits (% of GDP) 36.2 39.9 52.1
Bank capital to asset ratio (%) 7.3 .. ..
Bank nonperforming loans to total gross loans ratio (%) 12.6 .. ..
Domestic credit to the private sector (% of GDP) 29.3 32.6 40.1
Real interest rate (%) 2.0 10.1
Interest rate spread (percentage points) 8.1 10.3 8.7
   
Infrastructure      
Paved roads (% of total roads) 12.0 11.6 48.6
Electric power consumption (kWh per capita) 414 460 644
Power outages in firms a typical month (number) 12.5 6.8
Mobile cellular subscriptions (per 100 people) 20.6 65.1 71.7
Internet users (per 100 people) 2.6 10.0 13.5

The Little Data Book on Private Sector Development 2012 159


Niger
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 13.0 15.5 796
Labor force (millions) 4.3 5.1 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 260 370 530
GDP growth, 2000–05 and 2005–10 (average annual %) 3.7 4.8 5.7
Agriculture value added (% of GDP) 39.6 .. 25.6
Industry value added (% of GDP) 17.1 .. 25.6
Manufacturing value added (% of GDP) 6.3 .. 14.2
Services value added (% of GDP) 43.2 .. 48.8
Inflation (annual % change in consumer price index) 7.8 0.8
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 15.0 .. 20.8
Imports of goods and services (% of GDP) 24.2 .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 173
Time to start a business (days) 35 17 33
Procedures to start a business (number) 13 9 8
Firing cost (weeks of wages) 35.0 35.0 63.5
Resolving insolvency (years) 5.0 5.0 3.7
Total tax rate (% of commercial profits) 42.3 43.8 67.8
Profit tax (% of commercial profits) .. 17.3 18.7
New businesses registered (thousands) 0.0 0.0
New business density (new regis. per 1,000 working-age pop.) 0.0 0.0 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 11.5 22.9
Firms expected to give gifts in meetings with tax officials (%) 17.1 13.7
Firms using banks to finance investments (% of firms) 14.6 9.3
Delay in obtaining an electrical connection (days) 20.6 37.1
ISO certification ownership (% of firms) 4.8 4.6
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 89 359 21,616
Private foreign direct investment, net (% of GDP) 1.3 17.1 3.2
Gross fixed capital formation (% of GDP) 18.5 .. 22.4
Gross fixed private capital formation (% of GDP) 12.2 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.9 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 7.5 13.4 34.8
Total financial system deposits (% of GDP) 7.7 11.4 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 6.8 12.6 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 20.6 20.7 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 20.7 20.1
Mobile cellular subscriptions (per 100 people) 2.5 24.5 33.1
Internet users (per 100 people) 0.2 0.8 5.6

160 2012 The Little Data Book on Private Sector Development


Nigeria
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 139.8 158.4 2,519
Labor force (millions) 43.7 50.3 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 630 1,230 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 6.6 6.7 6.4
Agriculture value added (% of GDP) 32.8 .. 17.0
Industry value added (% of GDP) 43.5 .. 31.3
Manufacturing value added (% of GDP) 2.8 .. 16.4
Services value added (% of GDP) 23.7 .. 51.7
Inflation (annual % change in consumer price index) 17.9 13.7
Exchange rate (local currency units per $) 131.3 150.3
Exports of goods and services (% of GDP) 46.5 36.8 27.6
Imports of goods and services (% of GDP) 31.0 30.4 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 133
Time to start a business (days) 43 34 34
Procedures to start a business (number) 9 8 8
Firing cost (weeks of wages) 50.0 50.0 63.9
Resolving insolvency (years) 2.0 2.0 3.3
Total tax rate (% of commercial profits) 31.5 32.7 40.4
Profit tax (% of commercial profits) .. 22.3 16.0
New businesses registered (thousands) 29.0 65.1
New business density (new regis. per 1,000 working-age pop.) 0.4 0.8 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.1 ..
Firms expected to give gifts in meetings with tax officials (%) 22.9 ..
Firms using banks to finance investments (% of firms) 2.7 ..
Delay in obtaining an electrical connection (days) 7.5 ..
ISO certification ownership (% of firms) 8.5 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 11,225 15,308 301,804
Private foreign direct investment, net (% of GDP) 4.4 3.0 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.5 –1.7 –3.6
Government debt (% of GDP) 3.6 3.0 ..
Deposit money banks’ assets (% of GDP) 17.6 42.6 58.0
Total financial system deposits (% of GDP) 13.9 34.0 52.1
Bank capital to asset ratio (%) 12.4 3.2 ..
Bank nonperforming loans to total gross loans ratio (%) 18.1 17.2 ..
Domestic credit to the private sector (% of GDP) 13.2 28.1 40.1
Real interest rate (%) –1.5 5.4
Interest rate spread (percentage points) 7.4 11.1 8.7
   
Infrastructure      
Paved roads (% of total roads) 15.0 .. 48.6
Electric power consumption (kWh per capita) 128 121 644
Power outages in firms a typical month (number) 26.3 ..
Mobile cellular subscriptions (per 100 people) 13.3 55.1 71.7
Internet users (per 100 people) 3.5 28.4 13.5

The Little Data Book on Private Sector Development 2012 161


Northern Mariana Islands
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.07 0.06 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 8.3 .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 29.9 .. 110.5
Internet users (per 100 people) .. .. 73.4

162 2012 The Little Data Book on Private Sector Development


Norway
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.6 4.9 1,127
Labor force (millions) 2.4 2.6 551
Unemployment rate (% of labor force) 4.6 3.6 8.5
GNI per capita, World Bank Atlas method ($) 62,490 87,350 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.1 0.7 0.6
Agriculture value added (% of GDP) 1.5 1.6 1.3
Industry value added (% of GDP) 42.6 40.2 23.6
Manufacturing value added (% of GDP) 9.7 9.2 14.8
Services value added (% of GDP) 55.9 58.2 75.1
Inflation (annual % change in consumer price index) 1.5 2.4
Exchange rate (local currency units per $) 6.4 6.0
Exports of goods and services (% of GDP) 44.1 41.1 27.8
Imports of goods and services (% of GDP) 27.8 28.8 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 6
Time to start a business (days) 8 7 17
Procedures to start a business (number) 5 5 6
Firing cost (weeks of wages) 13.0 13.0 38.4
Resolving insolvency (years) 0.9 0.9 2.1
Total tax rate (% of commercial profits) 42.0 41.6 37.4
Profit tax (% of commercial profits) .. 24.4 13.0
New businesses registered (thousands) 14.0 13.8
New business density (new regis. per 1,000 working-age pop.) 4.7 4.5 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.8 2.8 2.1
Gross fixed capital formation (% of GDP) 19.2 19.8 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 15.1 11.7 –7.5
Government debt (% of GDP) 35.9 35.4 58.2
Deposit money banks’ assets (% of GDP) 83.5 .. 139.2
Total financial system deposits (% of GDP) 51.1 .. 108.8
Bank capital to asset ratio (%) 7.4 6.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.7 1.5 4.1
Domestic credit to the private sector (% of GDP) 80.9 .. 164.0
Real interest rate (%) –4.5 11.4
Interest rate spread (percentage points) 2.2 2.0 ..
   
Infrastructure      
Paved roads (% of total roads) 79.6 80.7 81.1
Electric power consumption (kWh per capita) 25,083 23,550 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 102.8 115.5 110.5
Internet users (per 100 people) 82.0 93.3 73.4

The Little Data Book on Private Sector Development 2012 163


Oman
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.4 2.8 1,127
Labor force (millions) 0.90 1.2 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) 11,190 18,260 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.1 7.1 0.6
Agriculture value added (% of GDP) 1.9 .. 1.3
Industry value added (% of GDP) 55.1 .. 23.6
Manufacturing value added (% of GDP) 8.3 .. 14.8
Services value added (% of GDP) 43.0 .. 75.1
Inflation (annual % change in consumer price index) 1.9 3.2
Exchange rate (local currency units per $) 0.4 0.4
Exports of goods and services (% of GDP) 58.6 52.6 27.8
Imports of goods and services (% of GDP) 31.2 41.5 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 49
Time to start a business (days) 35 8 17
Procedures to start a business (number) 10 5 6
Firing cost (weeks of wages) 4.0 4.0 38.4
Resolving insolvency (years) 4.0 4.0 2.1
Total tax rate (% of commercial profits) 19.5 22.0 37.4
Profit tax (% of commercial profits) .. 10.0 13.0
New businesses registered (thousands) 1.4 3.2
New business density (new regis. per 1,000 working-age pop.) 0.8 1.7 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) 31.0 ..
Delay in obtaining an electrical connection (days) 14.7 ..
ISO certification ownership (% of firms) 10.8 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 5.0 3.2 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 29.3 40.6 139.2
Total financial system deposits (% of GDP) 26.8 35.8 108.8
Bank capital to asset ratio (%) 14.6 13.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 7.0 3.3 4.1
Domestic credit to the private sector (% of GDP) 30.8 48.2 164.0
Real interest rate (%) –11.1 40.4
Interest rate spread (percentage points) 3.8 3.5 ..
   
Infrastructure      
Paved roads (% of total roads) 39.7 46.0 81.1
Electric power consumption (kWh per capita) 4,449 5,724 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 54.9 165.5 110.5
Internet users (per 100 people) 6.7 62.0 73.4

164 2012 The Little Data Book on Private Sector Development


Pakistan
South Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 158.6 173.6 2,519
Labor force (millions) 51.5 59.7 994
Unemployment rate (% of labor force) 6.1 5.0 ..
GNI per capita, World Bank Atlas method ($) 710 1,050 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.0 4.0 6.4
Agriculture value added (% of GDP) 21.5 21.2 17.0
Industry value added (% of GDP) 27.1 25.4 31.3
Manufacturing value added (% of GDP) 18.6 16.8 16.4
Services value added (% of GDP) 51.4 53.4 51.7
Inflation (annual % change in consumer price index) 9.1 13.9
Exchange rate (local currency units per $) 59.5 85.2
Exports of goods and services (% of GDP) 15.7 13.6 27.6
Imports of goods and services (% of GDP) 19.6 18.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 105
Time to start a business (days) 24 21 34
Procedures to start a business (number) 11 10 8
Firing cost (weeks of wages) 90.0 90.0 63.9
Resolving insolvency (years) 2.8 2.8 3.3
Total tax rate (% of commercial profits) 43.6 35.3 40.4
Profit tax (% of commercial profits) .. 17.9 16.0
New businesses registered (thousands) 4.2 2.8
New business density (new regis. per 1,000 working-age pop.) 0.0 0.0 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 1.9 ..
Firms expected to give gifts in meetings with tax officials (%) 58.8 ..
Firms using banks to finance investments (% of firms) 9.7 ..
Delay in obtaining an electrical connection (days) 106.3 ..
ISO certification ownership (% of firms) 9.6 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 7,083 14,051 301,804
Private foreign direct investment, net (% of GDP) 2.0 1.1 2.1
Gross fixed capital formation (% of GDP) 17.5 13.8 25.7
Gross fixed private capital formation (% of GDP) 13.1 10.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.2 –5.0 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 39.5 36.6 58.0
Total financial system deposits (% of GDP) 37.9 31.0 52.1
Bank capital to asset ratio (%) 7.9 9.8 ..
Bank nonperforming loans to total gross loans ratio (%) 8.3 14.7 ..
Domestic credit to the private sector (% of GDP) 28.6 21.5 40.1
Real interest rate (%) 1.9 1.9
Interest rate spread (percentage points) 6.5 5.9 8.7
   
Infrastructure      
Paved roads (% of total roads) 65.4 .. 48.6
Electric power consumption (kWh per capita) 448 449 644
Power outages in firms a typical month (number) 33.9 ..
Mobile cellular subscriptions (per 100 people) 8.1 57.1 71.7
Internet users (per 100 people) 6.3 16.8 13.5

The Little Data Book on Private Sector Development 2012 165


Palau
East Asia & Pacific Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.02 0.02 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) 4.2 .. 5.8
GNI per capita, World Bank Atlas method ($) 7,770 6,560 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 0.9 –0.6 6.3
Agriculture value added (% of GDP) 3.5 .. 7.4
Industry value added (% of GDP) 16.1 .. 36.8
Manufacturing value added (% of GDP) 0.5 .. 21.3
Services value added (% of GDP) 80.4 .. 55.8
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 77.2 80.8 28.8
Imports of goods and services (% of GDP) 80.8 100.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 116
Time to start a business (days) 24 28 38
Procedures to start a business (number) 7 8 8
Firing cost (weeks of wages) .. .. 41.4
Resolving insolvency (years) 1.0 1.0 2.8
Total tax rate (% of commercial profits) 73.0 73.0 41.9
Profit tax (% of commercial profits) .. 65.9 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 259,433
Private foreign direct investment, net (% of GDP) 0.6 1.4 2.7
Gross fixed capital formation (% of GDP) .. .. 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 94.3
Total financial system deposits (% of GDP) .. .. 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) .. .. 83.2
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 30.4 70.9 84.5
Internet users (per 100 people) 27.0 .. 34.1

166 2012 The Little Data Book on Private Sector Development


Panama
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.2 3.5 2,452
Labor force (millions) 1.5 1.6 1,314
Unemployment rate (% of labor force) 9.8 6.5 5.8
GNI per capita, World Bank Atlas method ($) 4,640 6,970 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.4 7.9 6.3
Agriculture value added (% of GDP) 7.0 5.3 7.4
Industry value added (% of GDP) 16.6 16.8 36.8
Manufacturing value added (% of GDP) 7.4 6.1 21.3
Services value added (% of GDP) 76.5 77.9 55.8
Inflation (annual % change in consumer price index) 3.2 3.5
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) 75.5 65.2 28.8
Imports of goods and services (% of GDP) 69.1 69.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 61
Time to start a business (days) 18 8 38
Procedures to start a business (number) 6 6 8
Firing cost (weeks of wages) 44.0 44.0 41.4
Resolving insolvency (years) 2.5 2.5 2.8
Total tax rate (% of commercial profits) 49.3 45.2 41.9
Profit tax (% of commercial profits) .. 13.7 17.0
New businesses registered (thousands) 12.6 0.5
New business density (new regis. per 1,000 working-age pop.) 6.3 0.3 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 10.3 33.3
Firms expected to give gifts in meetings with tax officials (%) 7.7 6.4
Firms using banks to finance investments (% of firms) 19.2 1.2
Delay in obtaining an electrical connection (days) 10.2 1.8
ISO certification ownership (% of firms) 14.7 22.5
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 712 2,139 259,433
Private foreign direct investment, net (% of GDP) 5.9 8.8 2.7
Gross fixed capital formation (% of GDP) 16.8 25.6 27.5
Gross fixed private capital formation (% of GDP) 14.4 21.7 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 87.7 87.5 94.3
Total financial system deposits (% of GDP) 73.8 86.2 51.2
Bank capital to asset ratio (%) 12.8 12.5 10.4
Bank nonperforming loans to total gross loans ratio (%) 1.8 1.1 3.7
Domestic credit to the private sector (% of GDP) 87.1 91.5 83.2
Real interest rate (%) 6.8 4.6
Interest rate spread (percentage points) 6.0 4.7 5.8
   
Infrastructure      
Paved roads (% of total roads) 34.1 42.0 57.6
Electric power consumption (kWh per capita) 1,496 1,735 2,714
Power outages in firms a typical month (number) 4.2 2.7
Mobile cellular subscriptions (per 100 people) 54.0 184.7 84.5
Internet users (per 100 people) 11.5 42.7 34.1

The Little Data Book on Private Sector Development 2012 167


Papua New Guinea
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 6.1 6.9 2,519
Labor force (millions) 2.7 3.0 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 680 1,300 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 1.6 6.1 6.4
Agriculture value added (% of GDP) 38.6 35.8 17.0
Industry value added (% of GDP) 41.4 44.8 31.3
Manufacturing value added (% of GDP) 6.5 5.9 16.4
Services value added (% of GDP) 19.9 19.5 51.7
Inflation (annual % change in consumer price index) 1.8 6.0
Exchange rate (local currency units per $) 3.1 2.7
Exports of goods and services (% of GDP) 73.6 55.9 27.6
Imports of goods and services (% of GDP) 64.1 53.1 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 101
Time to start a business (days) 51 51 34
Procedures to start a business (number) 6 6 8
Firing cost (weeks of wages) 39.0 39.0 63.9
Resolving insolvency (years) 3.0 3.0 3.3
Total tax rate (% of commercial profits) 41.7 42.3 40.4
Profit tax (% of commercial profits) .. 22.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 150 301,804
Private foreign direct investment, net (% of GDP) 0.8 0.3 2.1
Gross fixed capital formation (% of GDP) 18.1 16.7 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.3 .. –3.6
Government debt (% of GDP) 69.7 .. ..
Deposit money banks’ assets (% of GDP) 22.2 .. 58.0
Total financial system deposits (% of GDP) 25.3 .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 14.0 31.8 40.1
Real interest rate (%) –3.8 1.1
Interest rate spread (percentage points) 10.6 9.1 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.2 27.8 71.7
Internet users (per 100 people) 1.7 1.3 13.5

168 2012 The Little Data Book on Private Sector Development


Paraguay
Latin America & Caribbean Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.9 6.5 2,519
Labor force (millions) 2.7 3.1 994
Unemployment rate (% of labor force) 5.8 5.6 ..
GNI per capita, World Bank Atlas method ($) 1,220 2,720 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 2.6 4.8 6.4
Agriculture value added (% of GDP) 21.1 22.3 17.0
Industry value added (% of GDP) 20.7 20.4 31.3
Manufacturing value added (% of GDP) 13.9 12.2 16.4
Services value added (% of GDP) 58.2 57.3 51.7
Inflation (annual % change in consumer price index) 6.8 4.7
Exchange rate (local currency units per $) 6,178.0 4,735.5
Exports of goods and services (% of GDP) 51.2 57.1 27.6
Imports of goods and services (% of GDP) 55.6 55.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 102
Time to start a business (days) 74 35 34
Procedures to start a business (number) 17 7 8
Firing cost (weeks of wages) 99.0 99.0 63.9
Resolving insolvency (years) 3.9 3.9 3.3
Total tax rate (% of commercial profits) 54.3 35.0 40.4
Profit tax (% of commercial profits) .. 9.6 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 7.9 20.7
Firms expected to give gifts in meetings with tax officials (%) 24.5 14.6
Firms using banks to finance investments (% of firms) 8.2 30.1
Delay in obtaining an electrical connection (days) 27.2 23.2
ISO certification ownership (% of firms) 7.1 15.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 199 636 301,804
Private foreign direct investment, net (% of GDP) 0.7 1.9 2.1
Gross fixed capital formation (% of GDP) 19.3 18.2 25.7
Gross fixed private capital formation (% of GDP) 15.1 13.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 0.7 1.4 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 15.7 35.7 58.0
Total financial system deposits (% of GDP) 19.1 28.4 52.1
Bank capital to asset ratio (%) 11.0 9.4 ..
Bank nonperforming loans to total gross loans ratio (%) 6.6 1.3 ..
Domestic credit to the private sector (% of GDP) 17.6 37.8 40.1
Real interest rate (%) 20.2 18.1
Interest rate spread (percentage points) 28.2 24.8 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 849 1,056 644
Power outages in firms a typical month (number) 2.3 3.2
Mobile cellular subscriptions (per 100 people) 32.0 91.7 71.7
Internet users (per 100 people) 7.9 19.8 13.5

The Little Data Book on Private Sector Development 2012 169


Peru
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 27.6 29.1 2,452
Labor force (millions) 12.8 15.5 1,314
Unemployment rate (% of labor force) 11.4 6.3 5.8
GNI per capita, World Bank Atlas method ($) 2,680 4,700 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.3 7.1 6.3
Agriculture value added (% of GDP) 7.2 8.3 7.4
Industry value added (% of GDP) 34.3 34.3 36.8
Manufacturing value added (% of GDP) 16.4 16.6 21.3
Services value added (% of GDP) 58.5 57.5 55.8
Inflation (annual % change in consumer price index) 1.6 1.5
Exchange rate (local currency units per $) 3.3 2.8
Exports of goods and services (% of GDP) 25.1 25.1 28.8
Imports of goods and services (% of GDP) 19.2 22.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 41
Time to start a business (days) 102 26 38
Procedures to start a business (number) 10 5 8
Firing cost (weeks of wages) 52.0 17.0 41.4
Resolving insolvency (years) 3.1 3.1 2.8
Total tax rate (% of commercial profits) 41.6 40.7 41.9
Profit tax (% of commercial profits) .. 26.6 17.0
New businesses registered (thousands) 29.9 51.2
New business density (new regis. per 1,000 working-age pop.) 1.7 2.7 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 13.5 14.1
Firms expected to give gifts in meetings with tax officials (%) 1.6 8.4
Firms using banks to finance investments (% of firms) 30.9 45.9
Delay in obtaining an electrical connection (days) 81.6 33.4
ISO certification ownership (% of firms) 14.6 14.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 5,415 8,792 259,433
Private foreign direct investment, net (% of GDP) 3.2 4.7 2.7
Gross fixed capital formation (% of GDP) 18.3 24.5 27.5
Gross fixed private capital formation (% of GDP) 15.5 18.8 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.8 0.3 ..
Government debt (% of GDP) 31.2 21.6 ..
Deposit money banks’ assets (% of GDP) 21.7 26.2 94.3
Total financial system deposits (% of GDP) 23.2 30.3 51.2
Bank capital to asset ratio (%) 7.7 9.5 10.4
Bank nonperforming loans to total gross loans ratio (%) 6.3 2.6 3.7
Domestic credit to the private sector (% of GDP) 19.4 24.3 83.2
Real interest rate (%) 21.9 11.3
Interest rate spread (percentage points) 22.9 17.4 5.8
   
Infrastructure      
Paved roads (% of total roads) 13.9 .. 57.6
Electric power consumption (kWh per capita) 839 1,136 2,714
Power outages in firms a typical month (number) 0.9 1.7
Mobile cellular subscriptions (per 100 people) 20.3 100.1 84.5
Internet users (per 100 people) 17.1 34.3 34.1

170 2012 The Little Data Book on Private Sector Development


Philippines
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 85.5 93.3 2,519
Labor force (millions) 34.8 38.7 994
Unemployment rate (% of labor force) 7.7 7.4 ..
GNI per capita, World Bank Atlas method ($) 1,210 2,060 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.7 4.7 6.4
Agriculture value added (% of GDP) 12.7 12.3 17.0
Industry value added (% of GDP) 33.8 32.6 31.3
Manufacturing value added (% of GDP) 24.1 21.4 16.4
Services value added (% of GDP) 53.5 55.1 51.7
Inflation (annual % change in consumer price index) 7.6 3.8
Exchange rate (local currency units per $) 55.1 45.1
Exports of goods and services (% of GDP) 46.1 34.8 27.6
Imports of goods and services (% of GDP) 51.7 36.6 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 136
Time to start a business (days) 47 35 34
Procedures to start a business (number) 17 15 8
Firing cost (weeks of wages) 91.0 91.0 63.9
Resolving insolvency (years) 5.7 5.7 3.3
Total tax rate (% of commercial profits) 49.8 46.5 40.4
Profit tax (% of commercial profits) .. 21.0 16.0
New businesses registered (thousands) 13.5 11.4
New business density (new regis. per 1,000 working-age pop.) 0.2 0.2 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.9 9.1
Firms expected to give gifts in meetings with tax officials (%) .. 21.8
Firms using banks to finance investments (% of firms) 21.8 22.0
Delay in obtaining an electrical connection (days) .. 23.1
ISO certification ownership (% of firms) 15.8 15.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 8,988 17,614 301,804
Private foreign direct investment, net (% of GDP) 1.8 0.9 2.1
Gross fixed capital formation (% of GDP) 19.9 20.5 25.7
Gross fixed private capital formation (% of GDP) 17.8 16.8 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.8 –3.5 –3.6
Government debt (% of GDP) 73.9 .. ..
Deposit money banks’ assets (% of GDP) 45.4 46.5 58.0
Total financial system deposits (% of GDP) 53.5 53.5 52.1
Bank capital to asset ratio (%) 12.0 11.7 ..
Bank nonperforming loans to total gross loans ratio (%) 10.0 3.8 ..
Domestic credit to the private sector (% of GDP) 29.1 29.6 40.1
Real interest rate (%) 4.1 3.3
Interest rate spread (percentage points) 4.6 4.5 8.7
   
Infrastructure      
Paved roads (% of total roads) 9.9 .. 48.6
Electric power consumption (kWh per capita) 582 593 644
Power outages in firms a typical month (number) .. 0.9
Mobile cellular subscriptions (per 100 people) 40.7 85.7 71.7
Internet users (per 100 people) 5.4 25.0 13.5

The Little Data Book on Private Sector Development 2012 171


Poland
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 38.2 38.2 1,127
Labor force (millions) 17.4 18.2 551
Unemployment rate (% of labor force) 17.7 9.6 8.5
GNI per capita, World Bank Atlas method ($) 7,290 12,440 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.2 4.7 0.6
Agriculture value added (% of GDP) 4.5 3.5 1.3
Industry value added (% of GDP) 30.7 31.6 23.6
Manufacturing value added (% of GDP) 18.5 18.5 14.8
Services value added (% of GDP) 64.8 64.8 75.1
Inflation (annual % change in consumer price index) 2.1 2.7
Exchange rate (local currency units per $) 3.2 3.0
Exports of goods and services (% of GDP) 37.1 42.3 27.8
Imports of goods and services (% of GDP) 37.8 43.5 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 62
Time to start a business (days) 31 32 17
Procedures to start a business (number) 10 6 6
Firing cost (weeks of wages) 13.0 13.0 38.4
Resolving insolvency (years) 3.0 3.0 2.1
Total tax rate (% of commercial profits) 43.8 43.6 37.4
Profit tax (% of commercial profits) .. 17.4 13.0
New businesses registered (thousands) 13.0 14.4
New business density (new regis. per 1,000 working-age pop.) 0.5 0.5 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.9 12.8
Firms expected to give gifts in meetings with tax officials (%) 30.4 4.8
Firms using banks to finance investments (% of firms) 33.3 40.7
Delay in obtaining an electrical connection (days) 9.4 83.0
ISO certification ownership (% of firms) 19.6 17.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 21,157 13,868 ..
Private foreign direct investment, net (% of GDP) 3.4 1.9 2.1
Gross fixed capital formation (% of GDP) 18.2 19.9 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –4.0 –6.1 –7.5
Government debt (% of GDP) 46.9 48.1 58.2
Deposit money banks’ assets (% of GDP) 39.1 64.4 139.2
Total financial system deposits (% of GDP) 37.3 48.5 108.8
Bank capital to asset ratio (%) 7.9 9.1 6.8
Bank nonperforming loans to total gross loans ratio (%) 11.0 8.8 4.1
Domestic credit to the private sector (% of GDP) 28.9 54.8 164.0
Real interest rate (%) 4.1 ..
Interest rate spread (percentage points) 4.0 .. ..
   
Infrastructure      
Paved roads (% of total roads) 66.5 69.9 81.1
Electric power consumption (kWh per capita) 3,437 3,591 9,064
Power outages in firms a typical month (number) .. 2.3
Mobile cellular subscriptions (per 100 people) 76.4 123.0 110.5
Internet users (per 100 people) 38.8 62.5 73.4

172 2012 The Little Data Book on Private Sector Development


Portugal
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 10.5 10.6 1,127
Labor force (millions) 5.5 5.6 551
Unemployment rate (% of labor force) 7.6 10.8 8.5
GNI per capita, World Bank Atlas method ($) 18,060 21,870 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 0.7 0.3 0.6
Agriculture value added (% of GDP) 2.8 2.4 1.3
Industry value added (% of GDP) 24.9 23.1 23.6
Manufacturing value added (% of GDP) 15.0 13.5 14.8
Services value added (% of GDP) 72.3 74.5 75.1
Inflation (annual % change in consumer price index) 2.3 1.4
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 27.7 31.0 27.8
Imports of goods and services (% of GDP) 37.1 38.2 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 30
Time to start a business (days) 54 5 17
Procedures to start a business (number) 11 5 6
Firing cost (weeks of wages) 95.0 97.0 38.4
Resolving insolvency (years) 2.0 2.0 2.1
Total tax rate (% of commercial profits) 45.2 43.3 37.4
Profit tax (% of commercial profits) .. 15.1 13.0
New businesses registered (thousands) 25.8 27.8
New business density (new regis. per 1,000 working-age pop.) 3.7 3.9 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 1.1 ..
Firms expected to give gifts in meetings with tax officials (%) 52.1 ..
Firms using banks to finance investments (% of firms) 24.4 ..
Delay in obtaining an electrical connection (days) 5.7 ..
ISO certification ownership (% of firms) 12.7 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 2.1 0.6 2.1
Gross fixed capital formation (% of GDP) 23.0 19.8 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –5.5 –8.7 –7.5
Government debt (% of GDP) 70.3 84.0 58.2
Deposit money banks’ assets (% of GDP) 144.4 208.3 139.2
Total financial system deposits (% of GDP) 90.0 126.6 108.8
Bank capital to asset ratio (%) 5.8 6.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.5 3.3 4.1
Domestic credit to the private sector (% of GDP) 140.7 191.0 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 86.0 .. 81.1
Electric power consumption (kWh per capita) 4,663 4,815 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 108.5 142.8 110.5
Internet users (per 100 people) 35.0 51.3 73.4

The Little Data Book on Private Sector Development 2012 173


Puerto Rico
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.9 4.0 1,127
Labor force (millions) 1.5 1.4 551
Unemployment rate (% of labor force) 11.3 13.4 8.5
GNI per capita, World Bank Atlas method ($) 14,190 15,500 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.9 –1.9 0.6
Agriculture value added (% of GDP) 0.6 0.6 1.3
Industry value added (% of GDP) 47.9 50.1 23.6
Manufacturing value added (% of GDP) 43.0 46.4 14.8
Services value added (% of GDP) 51.5 49.3 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 82.8 77.9 27.8
Imports of goods and services (% of GDP) 101.0 92.3 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 43
Time to start a business (days) 7 6 17
Procedures to start a business (number) 7 6 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) 3.8 3.8 2.1
Total tax rate (% of commercial profits) 57.6 63.1 37.4
Profit tax (% of commercial profits) .. 28.3 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) 14.4 9.1 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 95.0 .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 51.0 73.8 110.5
Internet users (per 100 people) 22.6 42.7 73.4

174 2012 The Little Data Book on Private Sector Development


Qatar
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.82 1.8 1,127
Labor force (millions) 0.52 1.3 551
Unemployment rate (% of labor force) 1.5 .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 8.7 20.9 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) 8.8 –2.4
Exchange rate (local currency units per $) 3.6 3.6
Exports of goods and services (% of GDP) 67.3 46.7 27.8
Imports of goods and services (% of GDP) 33.0 31.2 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 36
Time to start a business (days) 6 12 17
Procedures to start a business (number) 6 8 6
Firing cost (weeks of wages) 69.0 69.0 38.4
Resolving insolvency (years) 2.8 2.8 2.1
Total tax rate (% of commercial profits) 11.3 11.3 37.4
Profit tax (% of commercial profits) .. 0.0 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 5.8 8.3 2.1
Gross fixed capital formation (% of GDP) 33.1 39.3 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 9.5 15.2 –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 44.3 69.8 139.2
Total financial system deposits (% of GDP) 48.5 55.3 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 34.9 51.5 164.0
Real interest rate (%) –15.5 31.0
Interest rate spread (percentage points) 3.5 4.4 ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) 16,294 14,421 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 87.3 132.4 110.5
Internet users (per 100 people) 24.7 81.6 73.4

The Little Data Book on Private Sector Development 2012 175


Romania
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 21.6 21.4 2,452
Labor force (millions) 10.0 10.2 1,314
Unemployment rate (% of labor force) 7.2 7.3 5.8
GNI per capita, World Bank Atlas method ($) 3,920 7,850 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.8 2.9 6.3
Agriculture value added (% of GDP) 10.1 7.1 7.4
Industry value added (% of GDP) 35.0 26.2 36.8
Manufacturing value added (% of GDP) 23.5 21.8 21.3
Services value added (% of GDP) 54.9 66.7 55.8
Inflation (annual % change in consumer price index) 9.0 6.1
Exchange rate (local currency units per $) 2.9 3.2
Exports of goods and services (% of GDP) 32.9 23.5 28.8
Imports of goods and services (% of GDP) 43.3 29.8 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 72
Time to start a business (days) 11 14 38
Procedures to start a business (number) 5 6 8
Firing cost (weeks of wages) 6.0 8.0 41.4
Resolving insolvency (years) 4.6 3.3 2.8
Total tax rate (% of commercial profits) 57.2 44.4 41.9
Profit tax (% of commercial profits) .. 10.4 17.0
New businesses registered (thousands) 92.3 56.7
New business density (new regis. per 1,000 working-age pop.) 5.9 3.7 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 1.1 9.2
Firms expected to give gifts in meetings with tax officials (%) 27.4 12.1
Firms using banks to finance investments (% of firms) 31.4 37.3
Delay in obtaining an electrical connection (days) 23.6 42.0
ISO certification ownership (% of firms) 18.2 26.1
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 5,264 11,443 259,433
Private foreign direct investment, net (% of GDP) 6.6 1.8 2.7
Gross fixed capital formation (% of GDP) 23.0 31.1 27.5
Gross fixed private capital formation (% of GDP) 20.6 28.2 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.0 –4.6 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 20.7 51.1 94.3
Total financial system deposits (% of GDP) 24.8 33.1 51.2
Bank capital to asset ratio (%) 9.2 8.9 10.4
Bank nonperforming loans to total gross loans ratio (%) 2.6 11.9 3.7
Domestic credit to the private sector (% of GDP) 20.0 46.1 83.2
Real interest rate (%) 6.5 10.1
Interest rate spread (percentage points) 13.2 6.8 5.8
   
Infrastructure      
Paved roads (% of total roads) 30.2 .. 57.6
Electric power consumption (kWh per capita) 2,331 2,267 2,714
Power outages in firms a typical month (number) .. 3.0
Mobile cellular subscriptions (per 100 people) 61.7 114.9 84.5
Internet users (per 100 people) 21.6 40.0 34.1

176 2012 The Little Data Book on Private Sector Development


Russian Federation
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 143.2 141.8 2,452
Labor force (millions) 73.4 75.5 1,314
Unemployment rate (% of labor force) 7.2 7.5 5.8
GNI per capita, World Bank Atlas method ($) 4,460 9,900 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 6.2 3.1 6.3
Agriculture value added (% of GDP) 5.0 4.0 7.4
Industry value added (% of GDP) 38.1 36.7 36.8
Manufacturing value added (% of GDP) 18.3 16.4 21.3
Services value added (% of GDP) 57.0 59.3 55.8
Inflation (annual % change in consumer price index) 12.7 6.9
Exchange rate (local currency units per $) 28.3 30.4
Exports of goods and services (% of GDP) 35.2 30.0 28.8
Imports of goods and services (% of GDP) 21.5 21.7 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 120
Time to start a business (days) 31 30 38
Procedures to start a business (number) 10 9 8
Firing cost (weeks of wages) 17.0 17.0 41.4
Resolving insolvency (years) 2.0 2.0 2.8
Total tax rate (% of commercial profits) 60.0 46.9 41.9
Profit tax (% of commercial profits) .. 8.9 17.0
New businesses registered (thousands) 502.6 261.6
New business density (new regis. per 1,000 working-age pop.) 4.9 2.6 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.2 19.9
Firms expected to give gifts in meetings with tax officials (%) 59.3 17.4
Firms using banks to finance investments (% of firms) 15.8 30.6
Delay in obtaining an electrical connection (days) 18.2 57.5
ISO certification ownership (% of firms) 11.3 11.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 24,789 69,412 259,433
Private foreign direct investment, net (% of GDP) 1.7 2.9 2.7
Gross fixed capital formation (% of GDP) 17.8 21.9 27.5
Gross fixed private capital formation (% of GDP) 15.2 19.1 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 9.9 –1.9 ..
Government debt (% of GDP) 16.7 9.4 ..
Deposit money banks’ assets (% of GDP) 29.3 46.5 94.3
Total financial system deposits (% of GDP) 23.7 40.3 51.2
Bank capital to asset ratio (%) 12.8 14.0 10.4
Bank nonperforming loans to total gross loans ratio (%) 2.6 8.2 3.7
Domestic credit to the private sector (% of GDP) 27.5 45.1 83.2
Real interest rate (%) –7.2 –0.5
Interest rate spread (percentage points) 6.7 4.8 5.8
   
Infrastructure      
Paved roads (% of total roads) 84.4 .. 57.6
Electric power consumption (kWh per capita) 5,785 6,136 2,714
Power outages in firms a typical month (number) .. 1.5
Mobile cellular subscriptions (per 100 people) 83.8 167.7 84.5
Internet users (per 100 people) 15.3 43.4 34.1

The Little Data Book on Private Sector Development 2012 177


Rwanda
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.2 10.6 796
Labor force (millions) 4.5 5.2 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 270 520 530
GDP growth, 2000–05 and 2005–10 (average annual %) 7.3 7.4 5.7
Agriculture value added (% of GDP) 38.4 33.9 25.6
Industry value added (% of GDP) 14.1 14.4 25.6
Manufacturing value added (% of GDP) 7.0 6.4 14.2
Services value added (% of GDP) 47.5 51.8 48.8
Inflation (annual % change in consumer price index) 9.0 2.3
Exchange rate (local currency units per $) 557.8 583.1
Exports of goods and services (% of GDP) 11.4 11.6 20.8
Imports of goods and services (% of GDP) 25.2 29.0 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 45
Time to start a business (days) 18 3 33
Procedures to start a business (number) 9 2 8
Firing cost (weeks of wages) 26.0 26.0 63.5
Resolving insolvency (years) 3.0 3.0 3.7
Total tax rate (% of commercial profits) 47.1 31.3 67.8
Profit tax (% of commercial profits) .. 21.2 18.7
New businesses registered (thousands) 0.4 3.0
New business density (new regis. per 1,000 working-age pop.) 0.1 0.5 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.9 ..
Firms expected to give gifts in meetings with tax officials (%) 4.9 ..
Firms using banks to finance investments (% of firms) 15.9 ..
Delay in obtaining an electrical connection (days) 18.2 ..
ISO certification ownership (% of firms) 10.8 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 74 414 21,616
Private foreign direct investment, net (% of GDP) 0.3 0.8 3.2
Gross fixed capital formation (% of GDP) 15.8 21.6 22.4
Gross fixed private capital formation (% of GDP) 7.0 10.5 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 12.6 .. 34.8
Total financial system deposits (% of GDP) 14.2 .. 31.7
Bank capital to asset ratio (%) 9.4 11.4 ..
Bank nonperforming loans to total gross loans ratio (%) 29.0 10.8 ..
Domestic credit to the private sector (% of GDP) 11.2 .. 29.7
Real interest rate (%) 6.3 14.3
Interest rate spread (percentage points) 8.1 9.6 9.8
   
Infrastructure      
Paved roads (% of total roads) 19.0 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 13.6 ..
Mobile cellular subscriptions (per 100 people) 2.4 33.4 33.1
Internet users (per 100 people) 0.6 13.0 5.6

178 2012 The Little Data Book on Private Sector Development


Samoa
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.18 0.18 2,519
Labor force (millions) 0.07 0.07 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 2,090 2,980 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.9 0.6 6.4
Agriculture value added (% of GDP) 13.2 9.8 17.0
Industry value added (% of GDP) 30.6 28.2 31.3
Manufacturing value added (% of GDP) 15.7 10.0 16.4
Services value added (% of GDP) 56.2 62.0 51.7
Inflation (annual % change in consumer price index) 1.9 0.8
Exchange rate (local currency units per $) 2.7 2.5
Exports of goods and services (% of GDP) 31.9 32.0 27.6
Imports of goods and services (% of GDP) 55.4 58.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 60
Time to start a business (days) 35 9 34
Procedures to start a business (number) 8 4 8
Firing cost (weeks of wages) 9.0 9.0 63.9
Resolving insolvency (years) 2.5 2.5 3.3
Total tax rate (% of commercial profits) 20.2 18.9 40.4
Profit tax (% of commercial profits) .. 11.9 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 13.9
Firms expected to give gifts in meetings with tax officials (%) .. 19.6
Firms using banks to finance investments (% of firms) .. 48.3
Delay in obtaining an electrical connection (days) .. 9.8
ISO certification ownership (% of firms) .. 31.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 301,804
Private foreign direct investment, net (% of GDP) –0.7 0.1 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 34.9 .. 58.0
Total financial system deposits (% of GDP) 37.6 .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 39.1 45.0 40.1
Real interest rate (%) 10.5 8.2
Interest rate spread (percentage points) 7.1 8.0 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 5.4
Mobile cellular subscriptions (per 100 people) 13.3 91.0 71.7
Internet users (per 100 people) 3.4 7.0 13.5

The Little Data Book on Private Sector Development 2012 179


San Marino
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.03 0.03 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 2.8 .. 8.5
GNI per capita, World Bank Atlas method ($) 40,370 50,400 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.2 3.1 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) 1.7 2.6
Exchange rate (local currency units per $) 0.8 0.8
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 5.4 2.4 –7.5
Government debt (% of GDP) 51.1 58.2 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) 5.2 4.5
Interest rate spread (percentage points) 5.8 4.7 ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 56.6 76.1 110.5
Internet users (per 100 people) 50.3 54.2 73.4

180 2012 The Little Data Book on Private Sector Development


São Tomé and Príncipe
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.15 0.17 2,519
Labor force (millions) 0.05 0.06 994
Unemployment rate (% of labor force) 16.7 .. ..
GNI per capita, World Bank Atlas method ($) 770 1,200 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 7.0 5.4 6.4
Agriculture value added (% of GDP) 16.8 .. 17.0
Industry value added (% of GDP) 20.5 .. 31.3
Manufacturing value added (% of GDP) 6.4 .. 16.4
Services value added (% of GDP) 62.7 .. 51.7
Inflation (annual % change in consumer price index) 17.2 12.9
Exchange rate (local currency units per $) 10,558.0 18,498.6
Exports of goods and services (% of GDP) .. .. 27.6
Imports of goods and services (% of GDP) .. .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 163
Time to start a business (days) 144 10 34
Procedures to start a business (number) 10 4 8
Firing cost (weeks of wages) 91.0 91.0 63.9
Resolving insolvency (years) 6.2 6.2 3.3
Total tax rate (% of commercial profits) 46.9 32.5 40.4
Profit tax (% of commercial profits) .. 22.1 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 52 .. 301,804
Private foreign direct investment, net (% of GDP) 13.8 12.5 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 26.7 39.7 40.1
Real interest rate (%) 22.0 13.9
Interest rate spread (percentage points) 19.0 17.8 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 7.8 62.1 71.7
Internet users (per 100 people) 13.8 18.8 13.5

The Little Data Book on Private Sector Development 2012 181


Saudi Arabia
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 24.0 27.4 1,127
Labor force (millions) 8.1 9.6 551
Unemployment rate (% of labor force) 6.3 5.4 8.5
GNI per capita, World Bank Atlas method ($) 12,230 16,190 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.0 2.6 0.6
Agriculture value added (% of GDP) 3.2 2.6 1.3
Industry value added (% of GDP) 63.2 62.0 23.6
Manufacturing value added (% of GDP) 9.4 10.1 14.8
Services value added (% of GDP) 33.5 35.5 75.1
Inflation (annual % change in consumer price index) 0.7 5.3
Exchange rate (local currency units per $) 3.7 3.8
Exports of goods and services (% of GDP) 60.9 56.8 27.8
Imports of goods and services (% of GDP) 27.8 35.4 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 12
Time to start a business (days) 64 5 17
Procedures to start a business (number) 13 3 6
Firing cost (weeks of wages) 80.0 80.0 38.4
Resolving insolvency (years) 2.8 1.5 2.1
Total tax rate (% of commercial profits) 14.5 14.5 37.4
Profit tax (% of commercial profits) .. 2.1 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 3.8 5.0 2.1
Gross fixed capital formation (% of GDP) 16.5 21.0 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 50.4 58.6 139.2
Total financial system deposits (% of GDP) 18.6 31.4 108.8
Bank capital to asset ratio (%) 8.8 12.6 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.9 3.0 4.1
Domestic credit to the private sector (% of GDP) 36.9 47.6 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 21.5 .. 81.1
Electric power consumption (kWh per capita) 6,553 7,427 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 58.9 187.9 110.5
Internet users (per 100 people) 12.7 41.0 73.4

182 2012 The Little Data Book on Private Sector Development


Senegal
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 10.9 12.4 2,519
Labor force (millions) 4.6 5.4 994
Unemployment rate (% of labor force) 10.0 .. ..
GNI per capita, World Bank Atlas method ($) 800 1,080 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.6 3.5 6.4
Agriculture value added (% of GDP) 16.7 17.4 17.0
Industry value added (% of GDP) 23.8 22.4 31.3
Manufacturing value added (% of GDP) 15.2 13.3 16.4
Services value added (% of GDP) 59.5 60.2 51.7
Inflation (annual % change in consumer price index) 1.7 1.3
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 26.9 24.8 27.6
Imports of goods and services (% of GDP) 42.5 43.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 154
Time to start a business (days) 58 5 34
Procedures to start a business (number) 10 3 8
Firing cost (weeks of wages) 38.0 38.0 63.9
Resolving insolvency (years) 3.0 3.0 3.3
Total tax rate (% of commercial profits) 50.7 46.0 40.4
Profit tax (% of commercial profits) .. 14.8 16.0
New businesses registered (thousands) 1.2 1.6
New business density (new regis. per 1,000 working-age pop.) 0.2 0.2 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.9 ..
Firms expected to give gifts in meetings with tax officials (%) 18.7 ..
Firms using banks to finance investments (% of firms) 19.8 ..
Delay in obtaining an electrical connection (days) 9.4 ..
ISO certification ownership (% of firms) 6.1 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 742 1,989 301,804
Private foreign direct investment, net (% of GDP) 0.5 1.8 2.1
Gross fixed capital formation (% of GDP) 29.7 29.0 25.7
Gross fixed private capital formation (% of GDP) 19.7 18.2 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 24.7 30.3 58.0
Total financial system deposits (% of GDP) 25.4 31.0 52.1
Bank capital to asset ratio (%) 7.6 10.0 ..
Bank nonperforming loans to total gross loans ratio (%) 11.9 20.2 ..
Domestic credit to the private sector (% of GDP) 23.3 25.9 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 29.3 32.0 48.6
Electric power consumption (kWh per capita) 163 196 644
Power outages in firms a typical month (number) 11.8 ..
Mobile cellular subscriptions (per 100 people) 15.9 67.1 71.7
Internet users (per 100 people) 4.8 16.0 13.5

The Little Data Book on Private Sector Development 2012 183


Serbia
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 7.4 7.3 2,452
Labor force (millions) 4.0 3.5 1,314
Unemployment rate (% of labor force) 20.8 19.2 5.8
GNI per capita, World Bank Atlas method ($) 3,430 5,630 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.3 2.0 6.3
Agriculture value added (% of GDP) 12.1 9.0 7.4
Industry value added (% of GDP) 29.0 26.6 36.8
Manufacturing value added (% of GDP) 17.4 15.6 21.3
Services value added (% of GDP) 58.9 64.3 55.8
Inflation (annual % change in consumer price index) 16.1 6.1
Exchange rate (local currency units per $) 66.7 77.7
Exports of goods and services (% of GDP) 26.2 34.9 28.8
Imports of goods and services (% of GDP) 47.2 51.4 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 92
Time to start a business (days) 23 13 38
Procedures to start a business (number) 11 7 8
Firing cost (weeks of wages) 17.0 25.0 41.4
Resolving insolvency (years) 2.7 2.7 2.8
Total tax rate (% of commercial profits) 35.8 34.0 41.9
Profit tax (% of commercial profits) .. 11.6 17.0
New businesses registered (thousands) 10.2 9.7
New business density (new regis. per 1,000 working-age pop.) 2.0 1.9 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.9 12.2
Firms expected to give gifts in meetings with tax officials (%) 59.6 3.6
Firms using banks to finance investments (% of firms) 30.2 42.8
Delay in obtaining an electrical connection (days) 17.7 109.5
ISO certification ownership (% of firms) 14.1 21.8
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 564 3,024 259,433
Private foreign direct investment, net (% of GDP) 8.1 3.5 2.7
Gross fixed capital formation (% of GDP) 19.0 22.8 27.5
Gross fixed private capital formation (% of GDP) 16.3 19.2 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.9 –3.9 ..
Government debt (% of GDP) .. 38.7 ..
Deposit money banks’ assets (% of GDP) 31.2 61.1 94.3
Total financial system deposits (% of GDP) 23.6 42.0 51.2
Bank capital to asset ratio (%) 16.2 19.7 10.4
Bank nonperforming loans to total gross loans ratio (%) 22.2 16.9 3.7
Domestic credit to the private sector (% of GDP) 29.0 51.5 83.2
Real interest rate (%) 1.0 7.6
Interest rate spread (percentage points) 13.1 6.0 5.8
   
Infrastructure      
Paved roads (% of total roads) .. 63.2 57.6
Electric power consumption (kWh per capita) 3,922 4,224 2,714
Power outages in firms a typical month (number) .. 1.1
Mobile cellular subscriptions (per 100 people) 74.1 136.0 84.5
Internet users (per 100 people) 27.1 43.1 34.1

184 2012 The Little Data Book on Private Sector Development


Seychelles
Sub-Saharan Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.08 0.09 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) 5.5 .. 5.8
GNI per capita, World Bank Atlas method ($) 9,680 9,710 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) –1.2 4.0 6.3
Agriculture value added (% of GDP) 2.5 1.9 7.4
Industry value added (% of GDP) 21.9 19.1 36.8
Manufacturing value added (% of GDP) 13.1 11.4 21.3
Services value added (% of GDP) 75.6 78.9 55.8
Inflation (annual % change in consumer price index) 0.9 –2.4
Exchange rate (local currency units per $) 5.5 12.1
Exports of goods and services (% of GDP) 81.1 115.7 28.8
Imports of goods and services (% of GDP) 102.7 123.7 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 103
Time to start a business (days) 39 39 38
Procedures to start a business (number) 10 10 8
Firing cost (weeks of wages) 39.0 39.0 41.4
Resolving insolvency (years) .. .. 2.8
Total tax rate (% of commercial profits) 48.4 32.2 41.9
Profit tax (% of commercial profits) .. 19.9 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 51 .. 259,433
Private foreign direct investment, net (% of GDP) 9.7 17.9 2.7
Gross fixed capital formation (% of GDP) 24.7 23.5 27.5
Gross fixed private capital formation (% of GDP) 20.1 20.3 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.5 1.5 ..
Government debt (% of GDP) .. 78.2 ..
Deposit money banks’ assets (% of GDP) 103.1 .. 94.3
Total financial system deposits (% of GDP) 105.9 .. 51.2
Bank capital to asset ratio (%) 6.6 9.2 10.4
Bank nonperforming loans to total gross loans ratio (%) 4.4 5.5 3.7
Domestic credit to the private sector (% of GDP) 32.1 28.7 83.2
Real interest rate (%) –6.6 13.6
Interest rate spread (percentage points) 6.0 9.8 5.8
   
Infrastructure      
Paved roads (% of total roads) 96.0 96.5 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 70.9 135.2 84.5
Internet users (per 100 people) 25.6 40.8 34.1

The Little Data Book on Private Sector Development 2012 185


Sierra Leone
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.2 5.9 796
Labor force (millions) 2.0 2.3 364
Unemployment rate (% of labor force) 3.4 .. ..
GNI per capita, World Bank Atlas method ($) 230 340 530
GDP growth, 2000–05 and 2005–10 (average annual %) 13.7 5.4 5.7
Agriculture value added (% of GDP) 51.6 49.0 25.6
Industry value added (% of GDP) 23.6 20.7 25.6
Manufacturing value added (% of GDP) 3.7 .. 14.2
Services value added (% of GDP) 24.8 30.4 48.8
Inflation (annual % change in consumer price index) 11.6 16.6
Exchange rate (local currency units per $) 2,889.6 3,978.1
Exports of goods and services (% of GDP) 23.6 17.1 20.8
Imports of goods and services (% of GDP) 36.5 29.5 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 141
Time to start a business (days) 26 12 33
Procedures to start a business (number) 8 6 8
Firing cost (weeks of wages) 189.0 189.0 63.5
Resolving insolvency (years) 2.6 2.6 3.7
Total tax rate (% of commercial profits) 272.4 32.1 67.8
Profit tax (% of commercial profits) .. 17.6 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 7.4
Firms expected to give gifts in meetings with tax officials (%) .. 8.6
Firms using banks to finance investments (% of firms) .. 6.9
Delay in obtaining an electrical connection (days) .. 14.8
ISO certification ownership (% of firms) .. 13.8
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 49 280 21,616
Private foreign direct investment, net (% of GDP) 6.7 4.5 3.2
Gross fixed capital formation (% of GDP) 17.0 15.8 22.4
Gross fixed private capital formation (% of GDP) 11.3 8.0 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.7 –3.2 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 8.5 12.5 34.8
Total financial system deposits (% of GDP) 11.0 14.6 31.7
Bank capital to asset ratio (%) 10.3 17.5 ..
Bank nonperforming loans to total gross loans ratio (%) 26.8 15.6 ..
Domestic credit to the private sector (% of GDP) 4.5 10.4 29.7
Real interest rate (%) 10.4 6.0
Interest rate spread (percentage points) 13.5 12.3 9.8
   
Infrastructure      
Paved roads (% of total roads) 8.0 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. 15.9
Mobile cellular subscriptions (per 100 people) 14.2 34.1 33.1
Internet users (per 100 people) 0.2 0.3 5.6

186 2012 The Little Data Book on Private Sector Development


Singapore
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.3 5.1 1,127
Labor force (millions) 2.2 2.8 551
Unemployment rate (% of labor force) 5.6 5.9 8.5
GNI per capita, World Bank Atlas method ($) 27,180 40,070 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 5.1 5.4 0.6
Agriculture value added (% of GDP) 0.1 0.0 1.3
Industry value added (% of GDP) 31.6 28.3 23.6
Manufacturing value added (% of GDP) 26.8 22.2 14.8
Services value added (% of GDP) 68.3 71.7 75.1
Inflation (annual % change in consumer price index) 0.4 2.8
Exchange rate (local currency units per $) 1.7 1.4
Exports of goods and services (% of GDP) 230.0 211.1 27.8
Imports of goods and services (% of GDP) 200.6 183.0 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 1
Time to start a business (days) 6 3 17
Procedures to start a business (number) 6 3 6
Firing cost (weeks of wages) 4.0 4.0 38.4
Resolving insolvency (years) 0.8 0.8 2.1
Total tax rate (% of commercial profits) 27.7 27.1 37.4
Profit tax (% of commercial profits) .. 6.5 13.0
New businesses registered (thousands) 19.5 26.4
New business density (new regis. per 1,000 working-age pop.) 5.8 7.4 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 12.5 18.5 2.1
Gross fixed capital formation (% of GDP) 21.1 25.0 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 6.5 8.0 –7.5
Government debt (% of GDP) 96.8 109.2 58.2
Deposit money banks’ assets (% of GDP) 111.9 130.1 139.2
Total financial system deposits (% of GDP) 101.3 128.3 108.8
Bank capital to asset ratio (%) 9.6 9.6 6.8
Bank nonperforming loans to total gross loans ratio (%) 3.8 1.8 4.1
Domestic credit to the private sector (% of GDP) 90.9 102.1 164.0
Real interest rate (%) 3.2 5.9
Interest rate spread (percentage points) 4.9 5.2 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 8,507 7,949 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 102.8 145.5 110.5
Internet users (per 100 people) 61.0 71.1 73.4

The Little Data Book on Private Sector Development 2012 187


Sint Maarten (Dutch part)
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.04 0.04 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 110.5
Internet users (per 100 people) .. .. 73.4

188 2012 The Little Data Book on Private Sector Development


Slovak Republic
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.4 5.4 1,127
Labor force (millions) 2.7 2.7 551
Unemployment rate (% of labor force) 16.2 14.4 8.5
GNI per capita, World Bank Atlas method ($) 11,040 16,840 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 4.9 4.4 0.6
Agriculture value added (% of GDP) 3.7 3.9 1.3
Industry value added (% of GDP) 36.5 34.9 23.6
Manufacturing value added (% of GDP) 24.1 20.7 14.8
Services value added (% of GDP) 59.9 61.2 75.1
Inflation (annual % change in consumer price index) 2.7 1.0
Exchange rate (local currency units per $) 31.0 0.8
Exports of goods and services (% of GDP) 76.3 81.1 27.8
Imports of goods and services (% of GDP) 80.9 82.4 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 48
Time to start a business (days) 27 18 17
Procedures to start a business (number) 9 6 6
Firing cost (weeks of wages) 13.0 26.0 38.4
Resolving insolvency (years) 4.8 4.0 2.1
Total tax rate (% of commercial profits) 49.7 48.8 37.4
Profit tax (% of commercial profits) .. 7.2 13.0
New businesses registered (thousands) 12.7 15.8
New business density (new regis. per 1,000 working-age pop.) 3.3 4.0 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.5 6.7
Firms expected to give gifts in meetings with tax officials (%) 31.3 3.1
Firms using banks to finance investments (% of firms) 23.8 33.5
Delay in obtaining an electrical connection (days) 7.4 25.0
ISO certification ownership (% of firms) 12.3 28.6
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 3.9 0.6 2.1
Gross fixed capital formation (% of GDP) 26.5 22.2 17.9
Gross fixed private capital formation (% of GDP) 21.6 .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.6 –7.3 –7.5
Government debt (% of GDP) 37.1 38.2 58.2
Deposit money banks’ assets (% of GDP) 48.3 53.8 139.2
Total financial system deposits (% of GDP) 43.4 48.8 108.8
Bank capital to asset ratio (%) 7.4 9.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 5.0 5.8 4.1
Domestic credit to the private sector (% of GDP) 35.1 44.9 164.0
Real interest rate (%) 4.2 2.8
Interest rate spread (percentage points) 4.2 2.0 ..
   
Infrastructure      
Paved roads (% of total roads) 87.0 87.1 81.1
Electric power consumption (kWh per capita) 4,920 4,925 9,064
Power outages in firms a typical month (number) .. 1.2
Mobile cellular subscriptions (per 100 people) 84.3 109.1 110.5
Internet users (per 100 people) 55.5 79.9 73.4

The Little Data Book on Private Sector Development 2012 189


Slovenia
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 2.0 2.0 1,127
Labor force (millions) 1.0 1.0 551
Unemployment rate (% of labor force) 6.5 7.2 8.5
GNI per capita, World Bank Atlas method ($) 18,070 23,900 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.6 1.5 0.6
Agriculture value added (% of GDP) 2.7 2.5 1.3
Industry value added (% of GDP) 34.1 31.6 23.6
Manufacturing value added (% of GDP) 23.9 21.1 14.8
Services value added (% of GDP) 63.2 65.9 75.1
Inflation (annual % change in consumer price index) 2.5 1.8
Exchange rate (local currency units per $) 192.7 0.8
Exports of goods and services (% of GDP) 62.2 65.4 27.8
Imports of goods and services (% of GDP) 62.6 64.9 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 37
Time to start a business (days) 60 6 17
Procedures to start a business (number) 9 2 6
Firing cost (weeks of wages) 40.0 37.0 38.4
Resolving insolvency (years) 2.0 2.0 2.1
Total tax rate (% of commercial profits) 40.0 34.7 37.4
Profit tax (% of commercial profits) .. 14.1 13.0
New businesses registered (thousands) 3.7 5.8
New business density (new regis. per 1,000 working-age pop.) 2.6 4.2 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.4 7.3
Firms expected to give gifts in meetings with tax officials (%) 14.0 0.0
Firms using banks to finance investments (% of firms) 47.3 52.2
Delay in obtaining an electrical connection (days) 12.7 60.8
ISO certification ownership (% of firms) 30.5 28.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.5 0.8 2.1
Gross fixed capital formation (% of GDP) 25.4 21.6 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.5 –5.5 –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 68.1 98.0 139.2
Total financial system deposits (% of GDP) 53.7 57.9 108.8
Bank capital to asset ratio (%) 8.5 8.2 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.5 3.6 4.1
Domestic credit to the private sector (% of GDP) 56.3 94.4 164.0
Real interest rate (%) 6.0 2.9
Interest rate spread (percentage points) 4.6 4.5 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 6,918 6,103 9,064
Power outages in firms a typical month (number) .. 2.7
Mobile cellular subscriptions (per 100 people) 87.9 103.6 110.5
Internet users (per 100 people) 46.8 69.3 73.4

190 2012 The Little Data Book on Private Sector Development


Solomon Islands
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.47 0.54 2,519
Labor force (millions) 0.19 0.22 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 890 1,030 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 1.6 6.0 6.4
Agriculture value added (% of GDP) 34.5 38.9 17.0
Industry value added (% of GDP) 8.1 6.1 31.3
Manufacturing value added (% of GDP) 5.7 3.8 16.4
Services value added (% of GDP) 57.4 55.0 51.7
Inflation (annual % change in consumer price index) 7.3 1.1
Exchange rate (local currency units per $) 7.5 8.1
Exports of goods and services (% of GDP) 34.1 31.1 27.6
Imports of goods and services (% of GDP) 54.6 61.5 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 74
Time to start a business (days) 57 43 34
Procedures to start a business (number) 7 7 8
Firing cost (weeks of wages) 44.0 44.0 63.9
Resolving insolvency (years) 1.0 1.0 3.3
Total tax rate (% of commercial profits) 26.1 26.2 40.4
Profit tax (% of commercial profits) .. 14.6 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 5 5 301,804
Private foreign direct investment, net (% of GDP) 4.5 35.1 2.1
Gross fixed capital formation (% of GDP) 12.5 .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 18.5 .. 58.0
Total financial system deposits (% of GDP) 20.8 .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 20.6 26.9 40.1
Real interest rate (%) 8.4 8.4
Interest rate spread (percentage points) 13.4 11.1 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.3 5.6 71.7
Internet users (per 100 people) 0.8 5.0 13.5

The Little Data Book on Private Sector Development 2012 191


Somalia
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 8.4 9.3 796
Labor force (millions) 2.6 2.9 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) .. .. 530
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 5.7
Agriculture value added (% of GDP) .. .. 25.6
Industry value added (% of GDP) .. .. 25.6
Manufacturing value added (% of GDP) .. .. 14.2
Services value added (% of GDP) .. .. 48.8
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 20.8
Imports of goods and services (% of GDP) .. .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 33
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 63.5
Resolving insolvency (years) .. .. 3.7
Total tax rate (% of commercial profits) .. .. 67.8
Profit tax (% of commercial profits) .. .. 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 13 .. 21,616
Private foreign direct investment, net (% of GDP) .. .. 3.2
Gross fixed capital formation (% of GDP) .. .. 22.4
Gross fixed private capital formation (% of GDP) .. .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 34.8
Total financial system deposits (% of GDP) .. .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 6.0 6.9 33.1
Internet users (per 100 people) 1.1 1.2 5.6

192 2012 The Little Data Book on Private Sector Development


South Africa
Sub-Saharan Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 47.2 50.0 2,452
Labor force (millions) 17.2 18.2 1,314
Unemployment rate (% of labor force) 26.7 23.8 5.8
GNI per capita, World Bank Atlas method ($) 4,850 6,090 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 3.8 3.0 6.3
Agriculture value added (% of GDP) 2.7 2.5 7.4
Industry value added (% of GDP) 31.2 30.8 36.8
Manufacturing value added (% of GDP) 18.5 14.6 21.3
Services value added (% of GDP) 66.2 66.7 55.8
Inflation (annual % change in consumer price index) 3.4 4.3
Exchange rate (local currency units per $) 6.4 7.3
Exports of goods and services (% of GDP) 27.4 27.3 28.8
Imports of goods and services (% of GDP) 27.9 27.5 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 35
Time to start a business (days) 35 19 38
Procedures to start a business (number) 9 5 8
Firing cost (weeks of wages) 24.0 24.0 41.4
Resolving insolvency (years) 2.0 2.0 2.8
Total tax rate (% of commercial profits) 38.1 33.1 41.9
Profit tax (% of commercial profits) .. 24.4 17.0
New businesses registered (thousands) 44.2 24.7
New business density (new regis. per 1,000 working-age pop.) 1.5 0.8 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.0 ..
Firms expected to give gifts in meetings with tax officials (%) 3.1 ..
Firms using banks to finance investments (% of firms) 34.8 ..
Delay in obtaining an electrical connection (days) 15.8 ..
ISO certification ownership (% of firms) 26.4 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 12,307 13,314 259,433
Private foreign direct investment, net (% of GDP) 2.6 0.3 2.7
Gross fixed capital formation (% of GDP) 16.8 19.6 27.5
Gross fixed private capital formation (% of GDP) 12.5 11.9 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.2 –4.9 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 76.4 88.1 94.3
Total financial system deposits (% of GDP) 56.7 60.9 51.2
Bank capital to asset ratio (%) 7.9 7.0 10.4
Bank nonperforming loans to total gross loans ratio (%) 1.5 5.8 3.7
Domestic credit to the private sector (% of GDP) 138.7 145.5 83.2
Real interest rate (%) 4.9 1.6
Interest rate spread (percentage points) 4.6 3.4 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 4,704 4,532 2,714
Power outages in firms a typical month (number) 2.1 ..
Mobile cellular subscriptions (per 100 people) 72.0 100.8 84.5
Internet users (per 100 people) 7.6 12.3 34.1

The Little Data Book on Private Sector Development 2012 193


South Sudan
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) .. .. 2,519
Labor force (millions) .. .. 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) .. .. 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 6.4
Agriculture value added (% of GDP) .. .. 17.0
Industry value added (% of GDP) .. .. 31.3
Manufacturing value added (% of GDP) .. .. 16.4
Services value added (% of GDP) .. .. 51.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. 72.1 27.6
Imports of goods and services (% of GDP) .. 40.4 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 34
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) .. .. 40.4
Profit tax (% of commercial profits) .. .. 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 301,804
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 71.7
Internet users (per 100 people) .. .. 13.5

194 2012 The Little Data Book on Private Sector Development


Spain
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 43.4 46.1 1,127
Labor force (millions) 21.0 23.2 551
Unemployment rate (% of labor force) 9.2 20.1 8.5
GNI per capita, World Bank Atlas method ($) 25,450 31,750 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 3.2 0.7 0.6
Agriculture value added (% of GDP) 3.2 2.7 1.3
Industry value added (% of GDP) 29.7 25.7 23.6
Manufacturing value added (% of GDP) 15.8 12.7 14.8
Services value added (% of GDP) 67.1 71.7 75.1
Inflation (annual % change in consumer price index) 3.4 1.8
Exchange rate (local currency units per $) .. 0.8
Exports of goods and services (% of GDP) 25.7 26.3 27.8
Imports of goods and services (% of GDP) 31.0 28.4 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 44
Time to start a business (days) 47 28 17
Procedures to start a business (number) 10 10 6
Firing cost (weeks of wages) 56.0 56.0 38.4
Resolving insolvency (years) 1.5 1.5 2.1
Total tax rate (% of commercial profits) 61.8 38.7 37.4
Profit tax (% of commercial profits) .. 1.2 13.0
New businesses registered (thousands) 138.3 79.8
New business density (new regis. per 1,000 working-age pop.) 5.0 2.9 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 0.8 ..
Firms expected to give gifts in meetings with tax officials (%) 14.3 ..
Firms using banks to finance investments (% of firms) 32.6 ..
Delay in obtaining an electrical connection (days) 9.3 ..
ISO certification ownership (% of firms) 21.3 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 2.2 1.8 2.1
Gross fixed capital formation (% of GDP) 29.4 22.5 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.6 –5.2 –7.5
Government debt (% of GDP) 38.5 47.8 58.2
Deposit money banks’ assets (% of GDP) 157.6 231.7 139.2
Total financial system deposits (% of GDP) 104.8 160.0 108.8
Bank capital to asset ratio (%) 6.8 6.2 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.8 4.6 4.1
Domestic credit to the private sector (% of GDP) 145.7 211.6 164.0
Real interest rate (%) 0.0 ..
Interest rate spread (percentage points) 1.8 .. ..
   
Infrastructure      
Paved roads (% of total roads) 99.0 .. 81.1
Electric power consumption (kWh per capita) 6,147 6,006 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 98.4 112.0 110.5
Internet users (per 100 people) 47.9 65.8 73.4

The Little Data Book on Private Sector Development 2012 195


Sri Lanka
South Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 19.8 20.9 2,519
Labor force (millions) 8.1 8.6 994
Unemployment rate (% of labor force) 7.7 4.9 ..
GNI per capita, World Bank Atlas method ($) 1,190 2,240 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.3 6.1 6.4
Agriculture value added (% of GDP) 11.8 12.8 17.0
Industry value added (% of GDP) 30.2 29.4 31.3
Manufacturing value added (% of GDP) 19.5 18.0 16.4
Services value added (% of GDP) 58.0 57.8 51.7
Inflation (annual % change in consumer price index) 11.6 5.9
Exchange rate (local currency units per $) 100.5 113.1
Exports of goods and services (% of GDP) 32.3 21.7 27.6
Imports of goods and services (% of GDP) 41.3 30.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 89
Time to start a business (days) 50 35 34
Procedures to start a business (number) 8 4 8
Firing cost (weeks of wages) 217.0 217.0 63.9
Resolving insolvency (years) 1.7 1.7 3.3
Total tax rate (% of commercial profits) 56.8 105.2 40.4
Profit tax (% of commercial profits) .. 26.7 16.0
New businesses registered (thousands) 4.8 4.2
New business density (new regis. per 1,000 working-age pop.) 0.3 0.3 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 3.5 ..
Firms expected to give gifts in meetings with tax officials (%) 2.7 ..
Firms using banks to finance investments (% of firms) 26.2 ..
Delay in obtaining an electrical connection (days) 83.4 ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 985 1,284 301,804
Private foreign direct investment, net (% of GDP) 1.1 1.0 2.1
Gross fixed capital formation (% of GDP) 23.4 25.9 25.7
Gross fixed private capital formation (% of GDP) 19.5 20.1 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –7.0 –6.6 –3.6
Government debt (% of GDP) 90.6 .. ..
Deposit money banks’ assets (% of GDP) 40.6 37.0 58.0
Total financial system deposits (% of GDP) 37.0 33.5 52.1
Bank capital to asset ratio (%) 5.7 .. ..
Bank nonperforming loans to total gross loans ratio (%) 15.3 .. ..
Domestic credit to the private sector (% of GDP) 32.9 26.6 40.1
Real interest rate (%) 0.3 2.7
Interest rate spread (percentage points) 5.1 3.3 8.7
   
Infrastructure      
Paved roads (% of total roads) 81.0 .. 48.6
Electric power consumption (kWh per capita) 394 408 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 16.9 83.2 71.7
Internet users (per 100 people) 1.8 12.0 13.5

196 2012 The Little Data Book on Private Sector Development


St. Kitts and Nevis
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.05 0.05 2,452
Labor force (millions) .. .. 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 10,130 11,830 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 3.2 1.6 6.3
Agriculture value added (% of GDP) 2.3 1.7 7.4
Industry value added (% of GDP) 22.0 16.4 36.8
Manufacturing value added (% of GDP) 8.0 5.5 21.3
Services value added (% of GDP) 75.8 81.8 55.8
Inflation (annual % change in consumer price index) 3.4 0.5
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 43.3 27.1 28.8
Imports of goods and services (% of GDP) 54.8 44.6 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 95
Time to start a business (days) 19 19 38
Procedures to start a business (number) 7 7 8
Firing cost (weeks of wages) 13.0 13.0 41.4
Resolving insolvency (years) .. .. 2.8
Total tax rate (% of commercial profits) 52.6 52.7 41.9
Profit tax (% of commercial profits) .. 32.7 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 26 .. 259,433
Private foreign direct investment, net (% of GDP) 18.2 18.5 2.7
Gross fixed capital formation (% of GDP) 36.2 31.0 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.5 –3.9 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 114.8 131.5 94.3
Total financial system deposits (% of GDP) 111.6 125.0 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 58.3 72.0 83.2
Real interest rate (%) 7.5 6.5
Interest rate spread (percentage points) 5.5 4.0 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 103.7 153.8 84.5
Internet users (per 100 people) 34.0 76.6 34.1

The Little Data Book on Private Sector Development 2012 197


St. Lucia
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.16 0.17 2,452
Labor force (millions) 0.08 0.09 1,314
Unemployment rate (% of labor force) 16.6 .. 5.8
GNI per capita, World Bank Atlas method ($) 5,130 6,560 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 2.4 2.7 6.3
Agriculture value added (% of GDP) 3.8 3.2 7.4
Industry value added (% of GDP) 20.7 16.6 36.8
Manufacturing value added (% of GDP) 5.7 3.9 21.3
Services value added (% of GDP) 75.5 80.2 55.8
Inflation (annual % change in consumer price index) 3.9 0.6
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 56.8 47.3 28.8
Imports of goods and services (% of GDP) 67.5 60.4 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 52
Time to start a business (days) 20 15 38
Procedures to start a business (number) 6 5 8
Firing cost (weeks of wages) 56.0 56.0 41.4
Resolving insolvency (years) 2.0 2.0 2.8
Total tax rate (% of commercial profits) 35.7 34.4 41.9
Profit tax (% of commercial profits) .. 25.9 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 90 50 259,433
Private foreign direct investment, net (% of GDP) 8.9 9.2 2.7
Gross fixed capital formation (% of GDP) 30.6 33.5 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 84.3 118.3 94.3
Total financial system deposits (% of GDP) 84.6 88.2 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 80.6 112.6 83.2
Real interest rate (%) 8.9 5.2
Interest rate spread (percentage points) 7.8 7.3 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 64.3 114.4 84.5
Internet users (per 100 people) 21.7 40.1 34.1

198 2012 The Little Data Book on Private Sector Development


St. Martin (French part)
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.03 0.03 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 110.5
Internet users (per 100 people) .. .. 73.4

The Little Data Book on Private Sector Development 2012 199


St. Vincent & Grenadines
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.11 0.11 2,452
Labor force (millions) 0.05 0.05 1,314
Unemployment rate (% of labor force) .. .. 5.8
GNI per capita, World Bank Atlas method ($) 4,980 6,320 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 3.8 2.1 6.3
Agriculture value added (% of GDP) 6.3 6.5 7.4
Industry value added (% of GDP) 18.8 18.2 36.8
Manufacturing value added (% of GDP) 5.9 4.9 21.3
Services value added (% of GDP) 74.9 75.2 55.8
Inflation (annual % change in consumer price index) 3.7 1.5
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 35.9 25.4 28.8
Imports of goods and services (% of GDP) 52.7 55.0 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 75
Time to start a business (days) 12 10 38
Procedures to start a business (number) 8 7 8
Firing cost (weeks of wages) 54.0 54.0 41.4
Resolving insolvency (years) .. .. 2.8
Total tax rate (% of commercial profits) 45.0 38.7 41.9
Profit tax (% of commercial profits) .. 30.2 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 50 .. 259,433
Private foreign direct investment, net (% of GDP) 7.3 14.2 2.7
Gross fixed capital formation (% of GDP) 26.6 22.6 27.5
Gross fixed private capital formation (% of GDP) .. .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –4.1 –0.8 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 55.5 64.6 94.3
Total financial system deposits (% of GDP) 64.9 74.3 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 45.6 50.1 83.2
Real interest rate (%) 6.1 6.9
Interest rate spread (percentage points) 6.7 6.3 5.8
   
Infrastructure      
Paved roads (% of total roads) 70.0 .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 64.9 120.9 84.5
Internet users (per 100 people) 9.2 69.6 34.1

200 2012 The Little Data Book on Private Sector Development


Sudan
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 38.4 43.6 2,519
Labor force (millions) 11.9 14.0 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 610 1,270 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.2 7.2 6.4
Agriculture value added (% of GDP) 32.0 23.6 17.0
Industry value added (% of GDP) 28.3 33.0 31.3
Manufacturing value added (% of GDP) 6.9 5.6 16.4
Services value added (% of GDP) 39.7 43.3 51.7
Inflation (annual % change in consumer price index) 8.5 13.0
Exchange rate (local currency units per $) 2.4 2.3
Exports of goods and services (% of GDP) 18.2 19.8 27.6
Imports of goods and services (% of GDP) 28.1 18.9 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 135
Time to start a business (days) 39 36 34
Procedures to start a business (number) 10 10 8
Firing cost (weeks of wages) 118.0 118.0 63.9
Resolving insolvency (years) 2.0 2.0 3.3
Total tax rate (% of commercial profits) 49.7 36.1 40.4
Profit tax (% of commercial profits) .. 13.8 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 748 2,377 301,804
Private foreign direct investment, net (% of GDP) 8.4 3.3 2.1
Gross fixed capital formation (% of GDP) 24.0 20.4 25.7
Gross fixed private capital formation (% of GDP) 18.2 13.1 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 8.9 14.2 58.0
Total financial system deposits (% of GDP) 10.8 13.4 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 10.0 11.6 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 79 114 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 4.8 40.5 71.7
Internet users (per 100 people) 1.3 10.2 13.5

The Little Data Book on Private Sector Development 2012 201


Suriname
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.50 0.53 2,452
Labor force (millions) 0.18 0.20 1,314
Unemployment rate (% of labor force) 9.5 .. 5.8
GNI per capita, World Bank Atlas method ($) 3,320 5,920 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.9 4.3 6.3
Agriculture value added (% of GDP) 5.4 5.1 7.4
Industry value added (% of GDP) 37.3 38.5 36.8
Manufacturing value added (% of GDP) 18.4 18.9 21.3
Services value added (% of GDP) 57.3 56.4 55.8
Inflation (annual % change in consumer price index) 9.9 6.9
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 30.4 .. 28.8
Imports of goods and services (% of GDP) 45.2 .. 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 158
Time to start a business (days) 694 694 38
Procedures to start a business (number) 13 13 8
Firing cost (weeks of wages) 26.0 26.0 41.4
Resolving insolvency (years) 5.0 5.0 2.8
Total tax rate (% of commercial profits) 27.9 27.9 41.9
Profit tax (% of commercial profits) .. 27.9 17.0
New businesses registered (thousands) 0.2 0.1
New business density (new regis. per 1,000 working-age pop.) 0.5 0.4 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. 60 259,433
Private foreign direct investment, net (% of GDP) 1.6 –2.9 2.7
Gross fixed capital formation (% of GDP) 24.9 .. 27.5
Gross fixed private capital formation (% of GDP) 19.6 .. 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 22.5 31.0 94.3
Total financial system deposits (% of GDP) 37.3 46.9 51.2
Bank capital to asset ratio (%) .. .. 10.4
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.7
Domestic credit to the private sector (% of GDP) 19.3 29.1 83.2
Real interest rate (%) 1.6 8.5
Interest rate spread (percentage points) 10.1 5.4 5.8
   
Infrastructure      
Paved roads (% of total roads) 26.3 .. 57.6
Electric power consumption (kWh per capita) .. .. 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 46.6 169.5 84.5
Internet users (per 100 people) 6.4 31.6 34.1

202 2012 The Little Data Book on Private Sector Development


Swaziland
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.0 1.1 2,519
Labor force (millions) 0.36 0.41 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 2,600 2,930 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 2.2 2.4 6.4
Agriculture value added (% of GDP) 8.8 8.0 17.0
Industry value added (% of GDP) 44.7 46.5 31.3
Manufacturing value added (% of GDP) 38.9 41.7 16.4
Services value added (% of GDP) 46.5 45.5 51.7
Inflation (annual % change in consumer price index) 4.8 4.5
Exchange rate (local currency units per $) 6.4 7.3
Exports of goods and services (% of GDP) 87.1 54.8 27.6
Imports of goods and services (% of GDP) 91.2 68.2 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 124
Time to start a business (days) 60 56 34
Procedures to start a business (number) 12 12 8
Firing cost (weeks of wages) 53.0 53.0 63.9
Resolving insolvency (years) 2.0 2.0 3.3
Total tax rate (% of commercial profits) 36.6 36.8 40.4
Profit tax (% of commercial profits) .. 28.1 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.4 ..
Firms expected to give gifts in meetings with tax officials (%) 3.3 ..
Firms using banks to finance investments (% of firms) 7.7 ..
Delay in obtaining an electrical connection (days) 16.9 ..
ISO certification ownership (% of firms) 22.1 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 28 63 301,804
Private foreign direct investment, net (% of GDP) –1.8 3.7 2.1
Gross fixed capital formation (% of GDP) 15.0 11.1 25.7
Gross fixed private capital formation (% of GDP) 7.1 5.3 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.8 .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 23.8 23.8 58.0
Total financial system deposits (% of GDP) 19.6 27.6 52.1
Bank capital to asset ratio (%) 14.4 12.2 ..
Bank nonperforming loans to total gross loans ratio (%) 7.0 8.0 ..
Domestic credit to the private sector (% of GDP) 21.1 23.0 40.1
Real interest rate (%) 7.9 3.4
Interest rate spread (percentage points) 6.6 5.9 8.7
   
Infrastructure      
Paved roads (% of total roads) 30.0 .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) 2.5 ..
Mobile cellular subscriptions (per 100 people) 19.7 69.4 71.7
Internet users (per 100 people) 4.0 9.0 13.5

The Little Data Book on Private Sector Development 2012 203


Sweden
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 9.0 9.4 1,127
Labor force (millions) 4.8 5.0 551
Unemployment rate (% of labor force) 7.7 8.4 8.5
GNI per capita, World Bank Atlas method ($) 42,920 50,100 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.8 0.8 0.6
Agriculture value added (% of GDP) 1.2 1.9 1.3
Industry value added (% of GDP) 28.1 26.6 23.6
Manufacturing value added (% of GDP) 19.9 16.4 14.8
Services value added (% of GDP) 70.6 71.5 75.1
Inflation (annual % change in consumer price index) 0.5 1.2
Exchange rate (local currency units per $) 7.5 7.2
Exports of goods and services (% of GDP) 48.4 50.0 27.8
Imports of goods and services (% of GDP) 40.6 44.0 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 14
Time to start a business (days) 15 15 17
Procedures to start a business (number) 3 3 6
Firing cost (weeks of wages) 26.0 26.0 38.4
Resolving insolvency (years) 2.0 2.0 2.1
Total tax rate (% of commercial profits) 54.9 52.8 37.4
Profit tax (% of commercial profits) .. 15.7 13.0
New businesses registered (thousands) 20.6 24.2
New business density (new regis. per 1,000 working-age pop.) 3.5 4.1 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 3.3 1.3 2.1
Gross fixed capital formation (% of GDP) 17.9 17.8 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) 53.1 44.2 58.2
Deposit money banks’ assets (% of GDP) 117.5 145.0 139.2
Total financial system deposits (% of GDP) 45.0 59.0 108.8
Bank capital to asset ratio (%) 4.8 5.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.8 2.0 4.1
Domestic credit to the private sector (% of GDP) 107.9 140.2 164.0
Real interest rate (%) 2.4 ..
Interest rate spread (percentage points) 2.5 .. ..
   
Infrastructure      
Paved roads (% of total roads) 31.5 24.4 81.1
Electric power consumption (kWh per capita) 15,431 14,142 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 100.8 116.1 110.5
Internet users (per 100 people) 84.8 90.0 73.4

204 2012 The Little Data Book on Private Sector Development


Switzerland
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 7.4 7.8 1,127
Labor force (millions) 4.2 4.5 551
Unemployment rate (% of labor force) 4.4 4.2 8.5
GNI per capita, World Bank Atlas method ($) 56,870 71,520 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 1.2 1.8 0.6
Agriculture value added (% of GDP) 1.3 1.1 1.3
Industry value added (% of GDP) 27.2 27.1 23.6
Manufacturing value added (% of GDP) 19.3 19.2 14.8
Services value added (% of GDP) 71.6 71.8 75.1
Inflation (annual % change in consumer price index) 1.2 0.7
Exchange rate (local currency units per $) 1.2 1.0
Exports of goods and services (% of GDP) 49.0 53.6 27.8
Imports of goods and services (% of GDP) 42.3 42.2 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 26
Time to start a business (days) 18 18 17
Procedures to start a business (number) 6 6 6
Firing cost (weeks of wages) 13.0 13.0 38.4
Resolving insolvency (years) 3.0 3.0 2.1
Total tax rate (% of commercial profits) 29.9 30.1 37.4
Profit tax (% of commercial profits) .. 8.9 13.0
New businesses registered (thousands) 8.8 25.3
New business density (new regis. per 1,000 working-age pop.) 1.7 4.9 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) –0.1 4.1 2.1
Gross fixed capital formation (% of GDP) 21.2 20.9 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.4 1.3 –7.5
Government debt (% of GDP) 28.1 28.8 58.2
Deposit money banks’ assets (% of GDP) 176.3 188.6 139.2
Total financial system deposits (% of GDP) 139.9 150.1 108.8
Bank capital to asset ratio (%) 5.1 5.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.5 0.4 4.1
Domestic credit to the private sector (% of GDP) 164.4 174.6 164.0
Real interest rate (%) 3.0 2.7
Interest rate spread (percentage points) 2.6 2.7 ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 8,306 8,021 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 91.9 121.7 110.5
Internet users (per 100 people) 69.9 82.2 73.4

The Little Data Book on Private Sector Development 2012 205


Syrian Arab Republic
Middle East & North Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 18.5 20.4 2,519
Labor force (millions) 5.2 5.5 994
Unemployment rate (% of labor force) 8.2 8.4 ..
GNI per capita, World Bank Atlas method ($) 1,500 2,750 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.7 5.0 6.4
Agriculture value added (% of GDP) 19.5 22.9 17.0
Industry value added (% of GDP) 36.2 30.6 31.3
Manufacturing value added (% of GDP) 8.0 .. 16.4
Services value added (% of GDP) 44.3 46.5 51.7
Inflation (annual % change in consumer price index) 7.2 4.4
Exchange rate (local currency units per $) 11.2 11.2
Exports of goods and services (% of GDP) 40.4 35.3 27.6
Imports of goods and services (% of GDP) 41.6 35.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 134
Time to start a business (days) 43 13 34
Procedures to start a business (number) 12 7 8
Firing cost (weeks of wages) 80.0 80.0 63.9
Resolving insolvency (years) 4.1 4.1 3.3
Total tax rate (% of commercial profits) 43.3 39.7 40.4
Profit tax (% of commercial profits) .. 20.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 10.3 12.2
Firms expected to give gifts in meetings with tax officials (%) 68.8 61.0
Firms using banks to finance investments (% of firms) 7.6 20.7
Delay in obtaining an electrical connection (days) 61.8 118.4
ISO certification ownership (% of firms) 7.4 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 583 455 301,804
Private foreign direct investment, net (% of GDP) 1.7 2.5 2.1
Gross fixed capital formation (% of GDP) 23.0 18.8 25.7
Gross fixed private capital formation (% of GDP) 11.9 9.7 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 32.6 47.6 58.0
Total financial system deposits (% of GDP) 46.2 55.0 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 14.8 22.5 40.1
Real interest rate (%) –3.5 3.4
Interest rate spread (percentage points) –1.0 3.7 8.7
   
Infrastructure      
Paved roads (% of total roads) 95.2 90.3 48.6
Electric power consumption (kWh per capita) 1,361 1,563 644
Power outages in firms a typical month (number) .. 16.1
Mobile cellular subscriptions (per 100 people) 16.0 57.7 71.7
Internet users (per 100 people) 5.6 20.7 13.5

206 2012 The Little Data Book on Private Sector Development


Tajikistan
Europe & Central Asia Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 6.5 6.9 796
Labor force (millions) 2.5 2.8 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 340 800 530
GDP growth, 2000–05 and 2005–10 (average annual %) 10.1 6.9 5.7
Agriculture value added (% of GDP) 24.0 21.3 25.6
Industry value added (% of GDP) 31.3 22.0 25.6
Manufacturing value added (% of GDP) 23.7 9.5 14.2
Services value added (% of GDP) 44.7 56.6 48.8
Inflation (annual % change in consumer price index) 7.1 6.4
Exchange rate (local currency units per $) 3.1 4.4
Exports of goods and services (% of GDP) 26.0 15.2 20.8
Imports of goods and services (% of GDP) 52.8 61.1 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 147
Time to start a business (days) 80 24 33
Procedures to start a business (number) 14 5 8
Firing cost (weeks of wages) 30.0 30.0 63.5
Resolving insolvency (years) 1.7 1.7 3.7
Total tax rate (% of commercial profits) 79.9 84.5 67.8
Profit tax (% of commercial profits) .. 0.0 18.7
New businesses registered (thousands) 0.9 2.2
New business density (new regis. per 1,000 working-age pop.) 0.2 0.5 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.2 11.7
Firms expected to give gifts in meetings with tax officials (%) 71.5 33.0
Firms using banks to finance investments (% of firms) 1.3 21.4
Delay in obtaining an electrical connection (days) 5.3 28.3
ISO certification ownership (% of firms) 6.4 16.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 25 196 21,616
Private foreign direct investment, net (% of GDP) 2.4 0.3 3.2
Gross fixed capital formation (% of GDP) 13.8 18.8 22.4
Gross fixed private capital formation (% of GDP) 6.0 7.0 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –6.6 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 15.9 0.8 34.8
Total financial system deposits (% of GDP) 5.4 9.2 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 17.2 .. 29.7
Real interest rate (%) 16.6 7.6
Interest rate spread (percentage points) 13.5 18.0 9.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 20.7
Electric power consumption (kWh per capita) 2,261 1,985 229
Power outages in firms a typical month (number) .. 6.3
Mobile cellular subscriptions (per 100 people) 4.1 86.4 33.1
Internet users (per 100 people) 0.3 11.5 5.6

The Little Data Book on Private Sector Development 2012 207


Tanzania
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 38.8 44.8 796
Labor force (millions) 19.3 22.1 364
Unemployment rate (% of labor force) 4.3 .. ..
GNI per capita, World Bank Atlas method ($) 390 540 530
GDP growth, 2000–05 and 2005–10 (average annual %) 7.1 6.9 5.7
Agriculture value added (% of GDP) 31.8 28.1 25.6
Industry value added (% of GDP) 22.7 25.5 25.6
Manufacturing value added (% of GDP) 8.7 9.6 14.2
Services value added (% of GDP) 45.5 46.5 48.8
Inflation (annual % change in consumer price index) 5.0 6.2
Exchange rate (local currency units per $) 1,128.9 1,409.3
Exports of goods and services (% of GDP) 20.8 26.1 20.8
Imports of goods and services (% of GDP) 29.7 37.8 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 127
Time to start a business (days) 31 29 33
Procedures to start a business (number) 13 12 8
Firing cost (weeks of wages) 18.0 18.0 63.5
Resolving insolvency (years) 3.0 3.0 3.7
Total tax rate (% of commercial profits) 43.8 45.5 67.8
Profit tax (% of commercial profits) .. 20.1 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.0 ..
Firms expected to give gifts in meetings with tax officials (%) 14.7 ..
Firms using banks to finance investments (% of firms) 6.8 ..
Delay in obtaining an electrical connection (days) 44.3 ..
ISO certification ownership (% of firms) 14.7 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 899 2,272 21,616
Private foreign direct investment, net (% of GDP) 6.6 1.9 3.2
Gross fixed capital formation (% of GDP) 24.7 28.4 22.4
Gross fixed private capital formation (% of GDP) 18.7 20.1 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 34.8
Total financial system deposits (% of GDP) .. .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 10.2 16.2 29.7
Real interest rate (%) 8.3 7.1
Interest rate spread (percentage points) 10.5 8.0 9.8
   
Infrastructure      
Paved roads (% of total roads) 8.6 6.7 20.7
Electric power consumption (kWh per capita) 70 86 229
Power outages in firms a typical month (number) 12.0 ..
Mobile cellular subscriptions (per 100 people) 7.6 46.8 33.1
Internet users (per 100 people) 4.3 11.0 5.6

208 2012 The Little Data Book on Private Sector Development


Thailand
East Asia & Pacific Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 66.7 69.1 2,452
Labor force (millions) 37.9 39.4 1,314
Unemployment rate (% of labor force) 1.3 1.2 5.8
GNI per capita, World Bank Atlas method ($) 2,560 4,150 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.5 3.0 6.3
Agriculture value added (% of GDP) 10.3 12.4 7.4
Industry value added (% of GDP) 44.0 44.7 36.8
Manufacturing value added (% of GDP) 34.7 35.6 21.3
Services value added (% of GDP) 45.8 43.0 55.8
Inflation (annual % change in consumer price index) 4.5 3.3
Exchange rate (local currency units per $) 40.2 31.7
Exports of goods and services (% of GDP) 73.6 71.3 28.8
Imports of goods and services (% of GDP) 74.7 63.9 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 17
Time to start a business (days) 33 29 38
Procedures to start a business (number) 8 5 8
Firing cost (weeks of wages) 54.0 54.0 41.4
Resolving insolvency (years) 2.7 2.7 2.8
Total tax rate (% of commercial profits) 37.7 37.5 41.9
Profit tax (% of commercial profits) .. 28.8 17.0
New businesses registered (thousands) 32.1 27.5
New business density (new regis. per 1,000 working-age pop.) 0.7 0.6 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 0.4 ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) 74.4 ..
Delay in obtaining an electrical connection (days) 27.9 ..
ISO certification ownership (% of firms) 39.0 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 11,760 10,186 259,433
Private foreign direct investment, net (% of GDP) 4.6 3.0 2.7
Gross fixed capital formation (% of GDP) 28.9 24.7 27.5
Gross fixed private capital formation (% of GDP) 21.8 18.8 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.5 –0.6 ..
Government debt (% of GDP) 27.3 28.8 ..
Deposit money banks’ assets (% of GDP) 114.2 110.1 94.3
Total financial system deposits (% of GDP) 101.4 97.4 51.2
Bank capital to asset ratio (%) 8.9 11.3 10.4
Bank nonperforming loans to total gross loans ratio (%) 9.1 3.9 3.7
Domestic credit to the private sector (% of GDP) 100.7 116.6 83.2
Real interest rate (%) 1.2 2.2
Interest rate spread (percentage points) 3.9 4.9 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 1,878 2,045 2,714
Power outages in firms a typical month (number) 1.3 ..
Mobile cellular subscriptions (per 100 people) 46.7 103.6 84.5
Internet users (per 100 people) 15.0 21.2 34.1

The Little Data Book on Private Sector Development 2012 209


Timor-Leste
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.0 1.1 2,519
Labor force (millions) 0.31 0.34 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 730 2,220 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 0.5 6.9 6.4
Agriculture value added (% of GDP) .. .. 17.0
Industry value added (% of GDP) .. .. 31.3
Manufacturing value added (% of GDP) .. .. 16.4
Services value added (% of GDP) .. .. 51.7
Inflation (annual % change in consumer price index) 1.1 6.8
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) .. .. 27.6
Imports of goods and services (% of GDP) .. .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 168
Time to start a business (days) 157 103 34
Procedures to start a business (number) 10 10 8
Firing cost (weeks of wages) 17.0 17.0 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) 28.3 0.2 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 3.8
Firms expected to give gifts in meetings with tax officials (%) .. 2.6
Firms using banks to finance investments (% of firms) .. 1.6
Delay in obtaining an electrical connection (days) .. 9.1
ISO certification ownership (% of firms) .. 2.2
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 301,804
Private foreign direct investment, net (% of GDP) 0.3 39.9 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 31.9 15.6 40.1
Real interest rate (%) 15.5 1.7
Interest rate spread (percentage points) 15.9 10.2 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 14.1
Mobile cellular subscriptions (per 100 people) 3.3 53.4 71.7
Internet users (per 100 people) 0.1 0.2 13.5

210 2012 The Little Data Book on Private Sector Development


Togo
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 5.4 6.0 796
Labor force (millions) 2.5 2.9 364
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 340 490 530
GDP growth, 2000–05 and 2005–10 (average annual %) 2.5 2.9 5.7
Agriculture value added (% of GDP) 43.5 .. 25.6
Industry value added (% of GDP) 23.9 .. 25.6
Manufacturing value added (% of GDP) 10.1 .. 14.2
Services value added (% of GDP) 32.6 .. 48.8
Inflation (annual % change in consumer price index) 6.8 1.8
Exchange rate (local currency units per $) 527.5 495.3
Exports of goods and services (% of GDP) 40.2 .. 20.8
Imports of goods and services (% of GDP) 57.0 .. 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 162
Time to start a business (days) 65 84 33
Procedures to start a business (number) 13 7 8
Firing cost (weeks of wages) 36.0 36.0 63.5
Resolving insolvency (years) 3.0 3.0 3.7
Total tax rate (% of commercial profits) 52.8 49.5 67.8
Profit tax (% of commercial profits) .. 9.3 18.7
New businesses registered (thousands) 0.0 0.1
New business density (new regis. per 1,000 working-age pop.) 0.0 0.0 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 2.7
Firms expected to give gifts in meetings with tax officials (%) .. 16.4
Firms using banks to finance investments (% of firms) .. 16.9
Delay in obtaining an electrical connection (days) .. 53.9
ISO certification ownership (% of firms) .. 6.6
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 658 257 21,616
Private foreign direct investment, net (% of GDP) 3.6 1.3 3.2
Gross fixed capital formation (% of GDP) 22.2 .. 22.4
Gross fixed private capital formation (% of GDP) 19.4 .. 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –5.7 0.6 ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 18.6 .. 34.8
Total financial system deposits (% of GDP) 21.8 .. 31.7
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 17.5 23.0 29.7
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 21.0 .. 20.7
Electric power consumption (kWh per capita) 114 111 229
Power outages in firms a typical month (number) .. 11.1
Mobile cellular subscriptions (per 100 people) 8.0 40.7 33.1
Internet users (per 100 people) 4.0 5.4 5.6

The Little Data Book on Private Sector Development 2012 211


Tonga
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.10 0.10 2,519
Labor force (millions) 0.04 0.04 994
Unemployment rate (% of labor force) 1.1 .. ..
GNI per capita, World Bank Atlas method ($) 2,470 3,290 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 2.1 0.4 6.4
Agriculture value added (% of GDP) 22.0 20.3 17.0
Industry value added (% of GDP) 19.2 17.8 31.3
Manufacturing value added (% of GDP) 9.2 7.5 16.4
Services value added (% of GDP) 58.8 61.9 51.7
Inflation (annual % change in consumer price index) 8.3 3.6
Exchange rate (local currency units per $) 1.9 1.9
Exports of goods and services (% of GDP) 18.0 13.4 27.6
Imports of goods and services (% of GDP) 57.9 60.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 58
Time to start a business (days) 32 16 34
Procedures to start a business (number) 4 4 8
Firing cost (weeks of wages) .. .. 63.9
Resolving insolvency (years) 2.7 2.7 3.3
Total tax rate (% of commercial profits) 27.5 25.7 40.4
Profit tax (% of commercial profits) .. 24.3 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 6.6
Firms expected to give gifts in meetings with tax officials (%) .. 1.4
Firms using banks to finance investments (% of firms) .. 33.9
Delay in obtaining an electrical connection (days) .. 8.3
ISO certification ownership (% of firms) .. 7.8
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 32 .. 301,804
Private foreign direct investment, net (% of GDP) 2.8 4.7 2.1
Gross fixed capital formation (% of GDP) 21.8 24.6 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 51.9 46.2 58.0
Total financial system deposits (% of GDP) 44.7 42.0 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 53.3 42.0 40.1
Real interest rate (%) 3.1 7.4
Interest rate spread (percentage points) 5.5 7.5 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 29.6 52.2 71.7
Internet users (per 100 people) 4.9 12.0 13.5

212 2012 The Little Data Book on Private Sector Development


Trinidad and Tobago
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 1.3 1.3 1,127
Labor force (millions) 0.67 0.70 551
Unemployment rate (% of labor force) 8.0 5.3 8.5
GNI per capita, World Bank Atlas method ($) 10,880 15,380 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 8.7 2.7 0.6
Agriculture value added (% of GDP) 0.5 0.6 1.3
Industry value added (% of GDP) 60.3 52.4 23.6
Manufacturing value added (% of GDP) 5.5 5.3 14.8
Services value added (% of GDP) 39.2 47.0 75.1
Inflation (annual % change in consumer price index) 6.9 10.5
Exchange rate (local currency units per $) 6.3 6.4
Exports of goods and services (% of GDP) 65.8 65.3 27.8
Imports of goods and services (% of GDP) 39.0 37.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 68
Time to start a business (days) 43 43 17
Procedures to start a business (number) 9 9 6
Firing cost (weeks of wages) 67.0 67.0 38.4
Resolving insolvency (years) 4.0 4.0 2.1
Total tax rate (% of commercial profits) 37.0 29.1 37.4
Profit tax (% of commercial profits) .. 21.6 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 5.9 2.7 2.1
Gross fixed capital formation (% of GDP) 25.3 .. 17.9
Gross fixed private capital formation (% of GDP) 19.4 .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 5.7 –4.8 –7.5
Government debt (% of GDP) 16.8 21.4 58.2
Deposit money banks’ assets (% of GDP) 34.7 46.4 139.2
Total financial system deposits (% of GDP) 40.6 58.5 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) 34.6 39.2 164.0
Real interest rate (%) –6.9 4.6
Interest rate spread (percentage points) 6.9 7.8 ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) 5,070 5,662 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 70.3 141.3 110.5
Internet users (per 100 people) 29.0 48.5 73.4

The Little Data Book on Private Sector Development 2012 213


Tunisia
Middle East & North Africa Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 10.0 10.5 2,452
Labor force (millions) 3.4 3.8 1,314
Unemployment rate (% of labor force) 14.2 14.2 5.8
GNI per capita, World Bank Atlas method ($) 3,200 4,160 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 4.4 4.6 6.3
Agriculture value added (% of GDP) 10.1 8.0 7.4
Industry value added (% of GDP) 29.2 32.3 36.8
Manufacturing value added (% of GDP) 17.3 18.0 21.3
Services value added (% of GDP) 60.7 59.7 55.8
Inflation (annual % change in consumer price index) 2.0 4.4
Exchange rate (local currency units per $) 1.3 1.4
Exports of goods and services (% of GDP) 44.9 48.7 28.8
Imports of goods and services (% of GDP) 45.3 54.0 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 46
Time to start a business (days) 11 11 38
Procedures to start a business (number) 10 10 8
Firing cost (weeks of wages) 17.0 17.0 41.4
Resolving insolvency (years) 1.3 1.3 2.8
Total tax rate (% of commercial profits) 61.0 62.9 41.9
Profit tax (% of commercial profits) .. 15.2 17.0
New businesses registered (thousands) 5.5 9.1
New business density (new regis. per 1,000 working-age pop.) 0.8 1.2 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 781 4,706 259,433
Private foreign direct investment, net (% of GDP) 2.2 3.2 2.7
Gross fixed capital formation (% of GDP) 21.3 24.3 27.5
Gross fixed private capital formation (% of GDP) 18.3 20.7 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.8 –1.3 ..
Government debt (% of GDP) 52.4 40.5 ..
Deposit money banks’ assets (% of GDP) 60.9 64.2 94.3
Total financial system deposits (% of GDP) 45.3 53.3 51.2
Bank capital to asset ratio (%) 7.7 .. 10.4
Bank nonperforming loans to total gross loans ratio (%) 20.9 12.1 3.7
Domestic credit to the private sector (% of GDP) 58.3 68.8 83.2
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.8
   
Infrastructure      
Paved roads (% of total roads) 65.8 75.2 57.6
Electric power consumption (kWh per capita) 1,205 1,311 2,714
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 56.6 105.4 84.5
Internet users (per 100 people) 9.5 36.6 34.1

214 2012 The Little Data Book on Private Sector Development


Turkey
Europe & Central Asia Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 68.1 72.8 2,452
Labor force (millions) 23.1 26.5 1,314
Unemployment rate (% of labor force) 10.6 11.9 5.8
GNI per capita, World Bank Atlas method ($) 6,480 9,890 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 5.2 2.3 6.3
Agriculture value added (% of GDP) 10.8 9.6 7.4
Industry value added (% of GDP) 28.5 26.7 36.8
Manufacturing value added (% of GDP) 19.9 17.7 21.3
Services value added (% of GDP) 60.7 63.8 55.8
Inflation (annual % change in consumer price index) 10.1 8.6
Exchange rate (local currency units per $) 1.3 1.5
Exports of goods and services (% of GDP) 21.9 21.1 28.8
Imports of goods and services (% of GDP) 25.4 26.6 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 71
Time to start a business (days) 6 6 38
Procedures to start a business (number) 6 6 8
Firing cost (weeks of wages) 95.0 95.0 41.4
Resolving insolvency (years) 3.3 3.3 2.8
Total tax rate (% of commercial profits) 53.0 41.1 41.9
Profit tax (% of commercial profits) .. 17.9 17.0
New businesses registered (thousands) 47.4 44.5
New business density (new regis. per 1,000 working-age pop.) 1.0 0.9 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 6.3 27.1
Firms expected to give gifts in meetings with tax officials (%) 8.4 4.0
Firms using banks to finance investments (% of firms) 32.6 51.9
Delay in obtaining an electrical connection (days) 11.1 7.4
ISO certification ownership (% of firms) 26.7 30.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 21,847 31,727 259,433
Private foreign direct investment, net (% of GDP) 2.1 1.2 2.7
Gross fixed capital formation (% of GDP) 21.0 18.7 27.5
Gross fixed private capital formation (% of GDP) 17.7 14.9 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 1.9 –2.2 ..
Government debt (% of GDP) 51.5 50.5 ..
Deposit money banks’ assets (% of GDP) 44.9 69.8 94.3
Total financial system deposits (% of GDP) 37.9 51.8 51.2
Bank capital to asset ratio (%) 13.4 13.4 10.4
Bank nonperforming loans to total gross loans ratio (%) 5.0 3.8 3.7
Domestic credit to the private sector (% of GDP) 22.2 44.0 83.2
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.8
   
Infrastructure      
Paved roads (% of total roads) .. 88.7 57.6
Electric power consumption (kWh per capita) 2,007 2,298 2,714
Power outages in firms a typical month (number) .. 4.1
Mobile cellular subscriptions (per 100 people) 64.0 84.9 84.5
Internet users (per 100 people) 15.5 39.8 34.1

The Little Data Book on Private Sector Development 2012 215


Turkmenistan
Europe & Central Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.7 5.0 2,519
Labor force (millions) 1.9 2.2 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 1,650 3,790 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 16.7 10.8 6.4
Agriculture value added (% of GDP) 18.8 12.0 17.0
Industry value added (% of GDP) 37.6 54.0 31.3
Manufacturing value added (% of GDP) 21.7 .. 16.4
Services value added (% of GDP) 43.6 34.0 51.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 65.0 51.7 27.6
Imports of goods and services (% of GDP) 47.8 54.6 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 34
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) .. .. 40.4
Profit tax (% of commercial profits) .. .. 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 20 203 301,804
Private foreign direct investment, net (% of GDP) 5.2 10.4 2.1
Gross fixed capital formation (% of GDP) 22.9 58.6 25.7
Gross fixed private capital formation (% of GDP) 22.7 20.1 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 2,058 2,446 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.2 63.4 71.7
Internet users (per 100 people) 1.0 2.2 13.5

216 2012 The Little Data Book on Private Sector Development


Turks and Caicos Islands
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.03 0.04 1,127
Labor force (millions) .. .. 551
Unemployment rate (% of labor force) 8.0 .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 110.5
Internet users (per 100 people) .. .. 73.4

The Little Data Book on Private Sector Development 2012 217


Tuvalu
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.01 0.01 2,519
Labor force (millions) .. .. 994
Unemployment rate (% of labor force) 6.5 .. ..
GNI per capita, World Bank Atlas method ($) 3,780 4,760 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 1.3 1.9 6.4
Agriculture value added (% of GDP) .. .. 17.0
Industry value added (% of GDP) .. .. 31.3
Manufacturing value added (% of GDP) .. .. 16.4
Services value added (% of GDP) .. .. 51.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 27.6
Imports of goods and services (% of GDP) .. .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 34
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) .. .. 40.4
Profit tax (% of commercial profits) .. .. 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. 301,804
Private foreign direct investment, net (% of GDP) –0.1 4.8 2.1
Gross fixed capital formation (% of GDP) .. .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 13.4 25.4 71.7
Internet users (per 100 people) 10.0 25.0 13.5

218 2012 The Little Data Book on Private Sector Development


Uganda
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 28.4 33.4 796
Labor force (millions) 11.5 13.4 364
Unemployment rate (% of labor force) 2.0 4.2 ..
GNI per capita, World Bank Atlas method ($) 300 500 530
GDP growth, 2000–05 and 2005–10 (average annual %) 6.9 8.1 5.7
Agriculture value added (% of GDP) 26.7 24.2 25.6
Industry value added (% of GDP) 25.0 25.5 25.6
Manufacturing value added (% of GDP) 7.5 8.3 14.2
Services value added (% of GDP) 48.3 50.3 48.8
Inflation (annual % change in consumer price index) 8.4 4.0
Exchange rate (local currency units per $) 1,780.7 2,177.6
Exports of goods and services (% of GDP) 14.2 24.0 20.8
Imports of goods and services (% of GDP) 24.8 34.3 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 123
Time to start a business (days) 34 34 33
Procedures to start a business (number) 18 16 8
Firing cost (weeks of wages) 13.0 13.0 63.5
Resolving insolvency (years) 2.2 2.2 3.7
Total tax rate (% of commercial profits) 35.8 35.7 67.8
Profit tax (% of commercial profits) .. 23.3 18.7
New businesses registered (thousands) 8.2 11.2
New business density (new regis. per 1,000 working-age pop.) 0.6 0.7 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.2 ..
Firms expected to give gifts in meetings with tax officials (%) 14.5 ..
Firms using banks to finance investments (% of firms) 7.7 ..
Delay in obtaining an electrical connection (days) 33.0 ..
ISO certification ownership (% of firms) 15.5 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 502 3,125 21,616
Private foreign direct investment, net (% of GDP) 4.1 4.8 3.2
Gross fixed capital formation (% of GDP) 22.2 23.5 22.4
Gross fixed private capital formation (% of GDP) 17.2 17.8 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –0.8 –0.9 ..
Government debt (% of GDP) 64.9 33.1 ..
Deposit money banks’ assets (% of GDP) 12.0 20.1 34.8
Total financial system deposits (% of GDP) 13.4 19.7 31.7
Bank capital to asset ratio (%) 10.3 13.9 ..
Bank nonperforming loans to total gross loans ratio (%) 2.3 2.1 ..
Domestic credit to the private sector (% of GDP) 8.6 15.8 29.7
Real interest rate (%) 21.8 10.2
Interest rate spread (percentage points) 10.9 12.5 9.8
   
Infrastructure      
Paved roads (% of total roads) 23.0 .. 20.7
Electric power consumption (kWh per capita) .. .. 229
Power outages in firms a typical month (number) 11.0 ..
Mobile cellular subscriptions (per 100 people) 4.6 38.4 33.1
Internet users (per 100 people) 1.7 12.5 5.6

The Little Data Book on Private Sector Development 2012 219


Ukraine
Europe & Central Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 47.1 45.9 2,519
Labor force (millions) 23.2 23.2 994
Unemployment rate (% of labor force) 7.2 8.8 ..
GNI per capita, World Bank Atlas method ($) 1,540 3,000 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 8.0 0.3 6.4
Agriculture value added (% of GDP) 10.4 8.2 17.0
Industry value added (% of GDP) 32.3 30.9 31.3
Manufacturing value added (% of GDP) 19.6 17.3 16.4
Services value added (% of GDP) 57.3 60.9 51.7
Inflation (annual % change in consumer price index) 13.6 9.4
Exchange rate (local currency units per $) 5.1 7.9
Exports of goods and services (% of GDP) 51.5 50.2 27.6
Imports of goods and services (% of GDP) 50.6 53.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 152
Time to start a business (days) 34 24 34
Procedures to start a business (number) 15 9 8
Firing cost (weeks of wages) 13.0 13.0 63.9
Resolving insolvency (years) 2.9 2.9 3.3
Total tax rate (% of commercial profits) 57.3 57.1 40.4
Profit tax (% of commercial profits) .. 12.2 16.0
New businesses registered (thousands) 27.6 19.3
New business density (new regis. per 1,000 working-age pop.) 0.8 0.6 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 8.0 11.3
Firms expected to give gifts in meetings with tax officials (%) 49.5 28.3
Firms using banks to finance investments (% of firms) 25.0 32.1
Delay in obtaining an electrical connection (days) 33.5 47.9
ISO certification ownership (% of firms) 12.9 13.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 3,423 5,218 301,804
Private foreign direct investment, net (% of GDP) 9.1 4.7 2.1
Gross fixed capital formation (% of GDP) 22.0 19.0 25.7
Gross fixed private capital formation (% of GDP) 20.1 17.7 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.4 –5.6 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 35.0 73.9 58.0
Total financial system deposits (% of GDP) 30.1 37.7 52.1
Bank capital to asset ratio (%) 12.4 14.6 ..
Bank nonperforming loans to total gross loans ratio (%) 19.6 15.3 ..
Domestic credit to the private sector (% of GDP) 32.2 61.7 40.1
Real interest rate (%) –6.7 0.7
Interest rate spread (percentage points) 7.6 5.3 8.7
   
Infrastructure      
Paved roads (% of total roads) 97.4 97.8 48.6
Electric power consumption (kWh per capita) 3,246 3,200 644
Power outages in firms a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 63.7 117.5 71.7
Internet users (per 100 people) 3.7 44.6 13.5

220 2012 The Little Data Book on Private Sector Development


United Arab Emirates
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 4.1 7.5 1,127
Labor force (millions) 2.5 4.9 551
Unemployment rate (% of labor force) 3.1 4.0 8.5
GNI per capita, World Bank Atlas method ($) 42,280 41,930 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 5.8 2.8 0.6
Agriculture value added (% of GDP) 1.4 1.0 1.3
Industry value added (% of GDP) 56.1 53.9 23.6
Manufacturing value added (% of GDP) 10.7 10.2 14.8
Services value added (% of GDP) 43.3 46.1 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 3.7 3.7
Exports of goods and services (% of GDP) 67.6 77.9 27.8
Imports of goods and services (% of GDP) 52.0 68.8 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 33
Time to start a business (days) 19 13 17
Procedures to start a business (number) 10 7 6
Firing cost (weeks of wages) 84.0 84.0 38.4
Resolving insolvency (years) 5.1 5.1 2.1
Total tax rate (% of commercial profits) 14.4 14.1 37.4
Profit tax (% of commercial profits) .. 0.0 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 6.0 1.3 2.1
Gross fixed capital formation (% of GDP) 18.4 23.8 17.9
Gross fixed private capital formation (% of GDP) 11.4 15.2 ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) 72.1 .. 139.2
Total financial system deposits (% of GDP) 61.9 .. 108.8
Bank capital to asset ratio (%) 11.9 17.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 8.3 5.6 4.1
Domestic credit to the private sector (% of GDP) 43.8 72.5 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) 13,826 11,464 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 111.4 145.4 110.5
Internet users (per 100 people) 40.0 78.0 73.4

The Little Data Book on Private Sector Development 2012 221


United Kingdom
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 60.2 62.2 1,127
Labor force (millions) 30.6 31.8 551
Unemployment rate (% of labor force) 4.6 7.8 8.5
GNI per capita, World Bank Atlas method ($) 38,850 38,200 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.9 0.1 0.6
Agriculture value added (% of GDP) 0.7 0.7 1.3
Industry value added (% of GDP) 23.5 21.7 23.6
Manufacturing value added (% of GDP) 13.3 11.4 14.8
Services value added (% of GDP) 75.9 77.6 75.1
Inflation (annual % change in consumer price index) 2.0 3.3
Exchange rate (local currency units per $) 0.5 0.6
Exports of goods and services (% of GDP) 26.4 30.1 27.8
Imports of goods and services (% of GDP) 29.8 32.6 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 7
Time to start a business (days) 13 13 17
Procedures to start a business (number) 6 6 6
Firing cost (weeks of wages) 22.0 22.0 38.4
Resolving insolvency (years) 1.0 1.0 2.1
Total tax rate (% of commercial profits) 35.8 37.3 37.4
Profit tax (% of commercial profits) .. 23.1 13.0
New businesses registered (thousands) 333.7 330.1
New business density (new regis. per 1,000 working-age pop.) 8.3 8.0 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.8 2.3 2.1
Gross fixed capital formation (% of GDP) 16.7 14.9 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –3.0 –10.9 –7.5
Government debt (% of GDP) 47.7 73.3 58.2
Deposit money banks’ assets (% of GDP) 159.0 202.6 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) 6.1 5.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.0 4.0 4.1
Domestic credit to the private sector (% of GDP) 159.6 202.9 164.0
Real interest rate (%) 2.4 –2.3
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 100.0 100.0 81.1
Electric power consumption (kWh per capita) 6,289 5,692 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 108.7 130.3 110.5
Internet users (per 100 people) 70.0 84.7 73.4

222 2012 The Little Data Book on Private Sector Development


United States
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 295.5 309.3 1,127
Labor force (millions) 152.9 157.5 551
Unemployment rate (% of labor force) 5.1 9.6 8.5
GNI per capita, World Bank Atlas method ($) 44,660 47,340 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) 2.5 0.4 0.6
Agriculture value added (% of GDP) 1.2 1.0 1.3
Industry value added (% of GDP) 22.1 20.0 23.6
Manufacturing value added (% of GDP) 14.2 12.8 14.8
Services value added (% of GDP) 76.6 78.9 75.1
Inflation (annual % change in consumer price index) 3.4 1.6
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) 10.4 12.6 27.8
Imports of goods and services (% of GDP) 16.1 16.2 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 4
Time to start a business (days) 6 6 17
Procedures to start a business (number) 6 6 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) 1.5 1.5 2.1
Total tax rate (% of commercial profits) 46.0 46.7 37.4
Profit tax (% of commercial profits) .. 27.6 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.9 1.6 2.1
Gross fixed capital formation (% of GDP) 19.5 14.6 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –2.8 –10.0 –7.5
Government debt (% of GDP) 47.3 76.1 58.2
Deposit money banks’ assets (% of GDP) 88.6 92.2 139.2
Total financial system deposits (% of GDP) 68.9 76.9 108.8
Bank capital to asset ratio (%) 10.3 11.1 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.7 4.9 4.1
Domestic credit to the private sector (% of GDP) 195.5 200.7 164.0
Real interest rate (%) 2.8 2.4
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) 65.3 67.4 81.1
Electric power consumption (kWh per capita) 13,705 12,914 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 68.9 90.2 110.5
Internet users (per 100 people) 68.3 74.2 73.4

The Little Data Book on Private Sector Development 2012 223


Uruguay
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.3 3.4 2,452
Labor force (millions) 1.6 1.7 1,314
Unemployment rate (% of labor force) 12.2 7.3 5.8
GNI per capita, World Bank Atlas method ($) 4,740 10,230 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 0.0 5.8 6.3
Agriculture value added (% of GDP) 10.4 8.6 7.4
Industry value added (% of GDP) 27.1 26.5 36.8
Manufacturing value added (% of GDP) 17.1 14.2 21.3
Services value added (% of GDP) 62.5 64.9 55.8
Inflation (annual % change in consumer price index) 4.7 6.7
Exchange rate (local currency units per $) 24.5 20.1
Exports of goods and services (% of GDP) 30.4 26.9 28.8
Imports of goods and services (% of GDP) 28.5 26.1 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 90
Time to start a business (days) 45 7 38
Procedures to start a business (number) 11 5 8
Firing cost (weeks of wages) 31.0 31.0 41.4
Resolving insolvency (years) 2.1 2.1 2.8
Total tax rate (% of commercial profits) 71.4 42.0 41.9
Profit tax (% of commercial profits) .. 23.6 17.0
New businesses registered (thousands) 7.5 4.7
New business density (new regis. per 1,000 working-age pop.) 3.5 2.1 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 7.0 11.6
Firms expected to give gifts in meetings with tax officials (%) 0.6 1.8
Firms using banks to finance investments (% of firms) 6.9 13.7
Delay in obtaining an electrical connection (days) 38.6 15.5
ISO certification ownership (% of firms) 6.8 10.8
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 1,063 200 259,433
Private foreign direct investment, net (% of GDP) 4.9 4.2 2.7
Gross fixed capital formation (% of GDP) 16.5 19.9 27.5
Gross fixed private capital formation (% of GDP) 13.2 13.7 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –1.5 –0.9 ..
Government debt (% of GDP) 76.1 45.6 ..
Deposit money banks’ assets (% of GDP) 25.7 23.7 94.3
Total financial system deposits (% of GDP) 39.6 38.1 51.2
Bank capital to asset ratio (%) 8.6 9.5 10.4
Bank nonperforming loans to total gross loans ratio (%) 3.6 1.0 3.7
Domestic credit to the private sector (% of GDP) 22.5 23.0 83.2
Real interest rate (%) 12.8 4.9
Interest rate spread (percentage points) 10.8 6.2 5.8
   
Infrastructure      
Paved roads (% of total roads) 10.0 .. 57.6
Electric power consumption (kWh per capita) 2,012 2,671 2,714
Power outages in firms a typical month (number) 0.3 0.5
Mobile cellular subscriptions (per 100 people) 34.9 132.2 84.5
Internet users (per 100 people) 20.2 47.9 34.1

224 2012 The Little Data Book on Private Sector Development


Uzbekistan
Europe & Central Asia Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 26.2 28.2 2,519
Labor force (millions) 10.5 12.1 994
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 530 1,280 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 5.3 8.6 6.4
Agriculture value added (% of GDP) 28.0 19.5 17.0
Industry value added (% of GDP) 23.2 35.4 31.3
Manufacturing value added (% of GDP) 9.1 9.0 16.4
Services value added (% of GDP) 48.9 45.1 51.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 37.9 31.5 27.6
Imports of goods and services (% of GDP) 28.7 30.9 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 166
Time to start a business (days) 29 14 34
Procedures to start a business (number) 8 6 8
Firing cost (weeks of wages) 22.0 22.0 63.9
Resolving insolvency (years) 4.0 4.0 3.3
Total tax rate (% of commercial profits) 96.7 97.5 40.4
Profit tax (% of commercial profits) .. 1.1 16.0
New businesses registered (thousands) 7.7 14.4
New business density (new regis. per 1,000 working-age pop.) 0.5 0.8 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 2.5 11.1
Firms expected to give gifts in meetings with tax officials (%) 63.0 52.4
Firms using banks to finance investments (% of firms) 8.2 8.2
Delay in obtaining an electrical connection (days) 8.3 28.0
ISO certification ownership (% of firms) 9.4 1.3
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 286 2,072 301,804
Private foreign direct investment, net (% of GDP) 1.3 2.1 2.1
Gross fixed capital formation (% of GDP) 22.0 26.5 25.7
Gross fixed private capital formation (% of GDP) 18.7 22.8 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 1,711 1,636 644
Power outages in firms a typical month (number) .. 6.1
Mobile cellular subscriptions (per 100 people) 2.8 74.2 71.7
Internet users (per 100 people) 3.3 19.4 13.5

The Little Data Book on Private Sector Development 2012 225


Vanuatu
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.21 0.24 2,519
Labor force (millions) 0.09 0.10 994
Unemployment rate (% of labor force) .. 4.6 ..
GNI per capita, World Bank Atlas method ($) 1,760 2,640 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 1.1 5.3 6.4
Agriculture value added (% of GDP) 21.9 19.7 17.0
Industry value added (% of GDP) 7.9 9.9 31.3
Manufacturing value added (% of GDP) 3.9 3.0 16.4
Services value added (% of GDP) 70.2 70.4 51.7
Inflation (annual % change in consumer price index) 1.2 2.8
Exchange rate (local currency units per $) 109.2 96.9
Exports of goods and services (% of GDP) 45.0 47.3 27.6
Imports of goods and services (% of GDP) 52.1 53.6 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 76
Time to start a business (days) 47 35 34
Procedures to start a business (number) 8 8 8
Firing cost (weeks of wages) 56.0 56.0 63.9
Resolving insolvency (years) 2.6 2.6 3.3
Total tax rate (% of commercial profits) 8.4 8.4 40.4
Profit tax (% of commercial profits) .. 0.0 16.0
New businesses registered (thousands) 0.5 0.3
New business density (new regis. per 1,000 working-age pop.) 4.1 2.2 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 7.5
Firms expected to give gifts in meetings with tax officials (%) .. 4.6
Firms using banks to finance investments (% of firms) .. 41.4
Delay in obtaining an electrical connection (days) .. 15.3
ISO certification ownership (% of firms) .. 27.0
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 6 35 301,804
Private foreign direct investment, net (% of GDP) 3.4 5.6 2.1
Gross fixed capital formation (% of GDP) 19.6 .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 52.4 .. 58.0
Total financial system deposits (% of GDP) 109.9 .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 43.8 65.8 40.1
Real interest rate (%) 7.0 4.1
Interest rate spread (percentage points) 5.5 4.3 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) .. 2.3
Mobile cellular subscriptions (per 100 people) 6.0 118.9 71.7
Internet users (per 100 people) 5.1 8.0 13.5

226 2012 The Little Data Book on Private Sector Development


Venezuela, RB
Latin America & Caribbean Upper middle income
Upper
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 26.6 28.8 2,452
Labor force (millions) 12.1 13.4 1,314
Unemployment rate (% of labor force) 11.4 7.6 5.8
GNI per capita, World Bank Atlas method ($) 4,950 11,590 5,886
GDP growth, 2000–05 and 2005–10 (average annual %) 1.5 3.7 6.3
Agriculture value added (% of GDP) 4.0 .. 7.4
Industry value added (% of GDP) 57.8 .. 36.8
Manufacturing value added (% of GDP) 16.4 .. 21.3
Services value added (% of GDP) 38.2 .. 55.8
Inflation (annual % change in consumer price index) 16.0 29.1
Exchange rate (local currency units per $) 2.1 2.6
Exports of goods and services (% of GDP) 39.7 28.7 28.8
Imports of goods and services (% of GDP) 20.5 17.2 26.9
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 177
Time to start a business (days) 141 141 38
Procedures to start a business (number) 16 17 8
Firing cost (weeks of wages) ..a ..a 41.4
Resolving insolvency (years) 4.0 4.0 2.8
Total tax rate (% of commercial profits) 51.1 63.5 41.9
Profit tax (% of commercial profits) .. 6.9 17.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 2.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 33.6 27.6
Firms expected to give gifts in meetings with tax officials (%) 2.6 6.4
Firms using banks to finance investments (% of firms) 35.7 35.3
Delay in obtaining an electrical connection (days) 25.4 14.0
ISO certification ownership (% of firms) 12.5 25.9
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 3,425 3,043 259,433
Private foreign direct investment, net (% of GDP) 1.9 0.3 2.7
Gross fixed capital formation (% of GDP) 20.3 17.5 27.5
Gross fixed private capital formation (% of GDP) 11.0 9.6 18.5
   
Finance and banking      
Government cash surplus or deficit (% of GDP) 2.2 .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 16.0 24.1 94.3
Total financial system deposits (% of GDP) 19.3 27.6 51.2
Bank capital to asset ratio (%) 11.6 9.9 10.4
Bank nonperforming loans to total gross loans ratio (%) 1.2 3.4 3.7
Domestic credit to the private sector (% of GDP) 13.1 18.9 83.2
Real interest rate (%) –9.9 –19.3
Interest rate spread (percentage points) 5.2 3.5 5.8
   
Infrastructure      
Paved roads (% of total roads) .. .. 57.6
Electric power consumption (kWh per capita) 2,875 3,152 2,714
Power outages in firms a typical month (number) 2.4 4.0
Mobile cellular subscriptions (per 100 people) 47.0 96.7 84.5
Internet users (per 100 people) 12.6 35.9 34.1

The Little Data Book on Private Sector Development 2012 227


Vietnam
East Asia & Pacific Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 82.4 86.9 2,519
Labor force (millions) 46.4 51.1 994
Unemployment rate (% of labor force) 2.1 2.4 ..
GNI per capita, World Bank Atlas method ($) 630 1,160 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 7.5 6.9 6.4
Agriculture value added (% of GDP) 21.0 20.6 17.0
Industry value added (% of GDP) 41.0 41.1 31.3
Manufacturing value added (% of GDP) 20.6 19.7 16.4
Services value added (% of GDP) 38.0 38.3 51.7
Inflation (annual % change in consumer price index) 8.3 8.9
Exchange rate (local currency units per $) 15,858.9 18,612.9
Exports of goods and services (% of GDP) 69.4 77.5 27.6
Imports of goods and services (% of GDP) 73.5 87.8 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 98
Time to start a business (days) 50 44 34
Procedures to start a business (number) 11 9 8
Firing cost (weeks of wages) 87.0 87.0 63.9
Resolving insolvency (years) 5.0 5.0 3.3
Total tax rate (% of commercial profits) 40.0 40.1 40.4
Profit tax (% of commercial profits) .. 17.2 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 0.8 4.6
Firms expected to give gifts in meetings with tax officials (%) 78.7 33.7
Firms using banks to finance investments (% of firms) 29.4 21.5
Delay in obtaining an electrical connection (days) 12.4 29.6
ISO certification ownership (% of firms) 11.4 16.7
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 3,077 3,011 301,804
Private foreign direct investment, net (% of GDP) 3.7 7.5 2.1
Gross fixed capital formation (% of GDP) 32.9 35.6 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 74.3 135.2 58.0
Total financial system deposits (% of GDP) 13.2 14.5 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 65.9 125.0 40.1
Real interest rate (%) 2.6 1.1
Interest rate spread (percentage points) 3.9 1.9 8.7
   
Infrastructure      
Paved roads (% of total roads) 47.0 .. 48.6
Electric power consumption (kWh per capita) 578 918 644
Power outages in firms a typical month (number) .. 2.0
Mobile cellular subscriptions (per 100 people) 11.6 177.2 71.7
Internet users (per 100 people) 12.9 27.9 13.5

228 2012 The Little Data Book on Private Sector Development


Virgin Islands (U.S.)
High income

High-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 0.11 0.11 1,127
Labor force (millions) 0.05 0.05 551
Unemployment rate (% of labor force) .. .. 8.5
GNI per capita, World Bank Atlas method ($) .. .. 38,746
GDP growth, 2000–05 and 2005–10 (average annual %) .. .. 0.6
Agriculture value added (% of GDP) .. .. 1.3
Industry value added (% of GDP) .. .. 23.6
Manufacturing value added (% of GDP) .. .. 14.8
Services value added (% of GDP) .. .. 75.1
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) .. .. 27.8
Imports of goods and services (% of GDP) .. .. 28.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. ..
Time to start a business (days) .. .. 17
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 38.4
Resolving insolvency (years) .. .. 2.1
Total tax rate (% of commercial profits) .. .. 37.4
Profit tax (% of commercial profits) .. .. 13.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 6.8
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.1
Gross fixed capital formation (% of GDP) .. .. 17.9
Gross fixed private capital formation (% of GDP) .. .. ..
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –7.5
Government debt (% of GDP) .. .. 58.2
Deposit money banks’ assets (% of GDP) .. .. 139.2
Total financial system deposits (% of GDP) .. .. 108.8
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.1
Domestic credit to the private sector (% of GDP) .. .. 164.0
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. ..
   
Infrastructure      
Paved roads (% of total roads) .. .. 81.1
Electric power consumption (kWh per capita) .. .. 9,064
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 73.3 .. 110.5
Internet users (per 100 people) 27.3 27.2 73.4

The Little Data Book on Private Sector Development 2012 229


West Bank and Gaza
Middle East & North Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 3.6 4.2 2,519
Labor force (millions) 0.79 0.97 994
Unemployment rate (% of labor force) 23.6 24.5 ..
GNI per capita, World Bank Atlas method ($) 1,250 .. 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) –0.9 .. 6.4
Agriculture value added (% of GDP) .. .. 17.0
Industry value added (% of GDP) .. .. 31.3
Manufacturing value added (% of GDP) .. .. 16.4
Services value added (% of GDP) .. .. 51.7
Inflation (annual % change in consumer price index) 3.5 2.8
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 14.0 .. 27.6
Imports of goods and services (% of GDP) 68.2 .. 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 131
Time to start a business (days) 93 49 34
Procedures to start a business (number) 12 11 8
Firing cost (weeks of wages) 91.0 91.0 63.9
Resolving insolvency (years) .. .. 3.3
Total tax rate (% of commercial profits) 22.8 16.8 40.4
Profit tax (% of commercial profits) .. 16.2 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 5.7 ..
Firms expected to give gifts in meetings with tax officials (%) 2.7 ..
Firms using banks to finance investments (% of firms) 4.2 ..
Delay in obtaining an electrical connection (days) 37.1 ..
ISO certification ownership (% of firms) 18.2 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 430 644 301,804
Private foreign direct investment, net (% of GDP) 1.2 .. 2.1
Gross fixed capital formation (% of GDP) 25.7 .. 25.7
Gross fixed private capital formation (% of GDP) .. .. 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 58.0
Total financial system deposits (% of GDP) .. .. 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 40.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 8.7
   
Infrastructure      
Paved roads (% of total roads) 100.0 91.7 48.6
Electric power consumption (kWh per capita) .. .. 644
Power outages in firms a typical month (number) 3.3 ..
Mobile cellular subscriptions (per 100 people) 15.9 44.5 71.7
Internet users (per 100 people) 15.9 36.4 13.5

230 2012 The Little Data Book on Private Sector Development


Yemen, Rep.
Middle East & North Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 20.6 24.1 2,519
Labor force (millions) 5.2 6.5 994
Unemployment rate (% of labor force) 16.1 14.6 ..
GNI per capita, World Bank Atlas method ($) 690 1,170 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.1 4.2 6.4
Agriculture value added (% of GDP) 10.5 7.6 17.0
Industry value added (% of GDP) 49.0 29.2 31.3
Manufacturing value added (% of GDP) 7.1 6.0 16.4
Services value added (% of GDP) 40.5 63.1 51.7
Inflation (annual % change in consumer price index) 11.8 11.2
Exchange rate (local currency units per $) 191.5 219.6
Exports of goods and services (% of GDP) 40.9 30.3 27.6
Imports of goods and services (% of GDP) 35.9 34.3 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 99
Time to start a business (days) 63 12 34
Procedures to start a business (number) 12 6 8
Firing cost (weeks of wages) 17.0 17.0 63.9
Resolving insolvency (years) 3.0 3.0 3.3
Total tax rate (% of commercial profits) 195.3 32.9 40.4
Profit tax (% of commercial profits) .. 20.0 16.0
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. 11.8
Firms expected to give gifts in meetings with tax officials (%) .. 66.7
Firms using banks to finance investments (% of firms) .. 4.2
Delay in obtaining an electrical connection (days) .. 68.2
ISO certification ownership (% of firms) .. 4.4
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 377 687 301,804
Private foreign direct investment, net (% of GDP) –1.8 0.2 2.1
Gross fixed capital formation (% of GDP) 18.5 11.6 25.7
Gross fixed private capital formation (% of GDP) 10.6 7.0 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 11.1 15.5 58.0
Total financial system deposits (% of GDP) 16.9 21.1 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 6.9 6.2 40.1
Real interest rate (%) –0.4 –0.7
Interest rate spread (percentage points) 5.0 5.2 8.7
   
Infrastructure      
Paved roads (% of total roads) 8.7 .. 48.6
Electric power consumption (kWh per capita) 179 219 644
Power outages in firms a typical month (number) .. 54.4
Mobile cellular subscriptions (per 100 people) 11.0 46.1 71.7
Internet users (per 100 people) 1.0 12.3 13.5

The Little Data Book on Private Sector Development 2012 231


Zambia
Sub-Saharan Africa Lower middle income
Lower
middle-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 11.5 12.9 2,519
Labor force (millions) 5.0 5.5 994
Unemployment rate (% of labor force) 15.9 .. ..
GNI per capita, World Bank Atlas method ($) 500 1,070 1,623
GDP growth, 2000–05 and 2005–10 (average annual %) 4.8 6.3 6.4
Agriculture value added (% of GDP) 23.3 9.2 17.0
Industry value added (% of GDP) 31.6 37.2 31.3
Manufacturing value added (% of GDP) 11.9 9.2 16.4
Services value added (% of GDP) 45.1 53.6 51.7
Inflation (annual % change in consumer price index) 18.3 8.5
Exchange rate (local currency units per $) 4,463.5 4,797.1
Exports of goods and services (% of GDP) 34.6 44.1 27.6
Imports of goods and services (% of GDP) 36.7 35.0 31.0
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 84
Time to start a business (days) 35 18 34
Procedures to start a business (number) 6 6 8
Firing cost (weeks of wages) 178.0 178.0 63.9
Resolving insolvency (years) 2.7 2.7 3.3
Total tax rate (% of commercial profits) 16.5 14.5 40.4
Profit tax (% of commercial profits) .. 1.5 16.0
New businesses registered (thousands) 3.4 5.5
New business density (new regis. per 1,000 working-age pop.) 0.6 0.9 0.9
Enterprise surveys    
Time dealing with gov’t officials (% of management time) 4.6 ..
Firms expected to give gifts in meetings with tax officials (%) 4.9 ..
Firms using banks to finance investments (% of firms) 10.2 ..
Delay in obtaining an electrical connection (days) 97.0 ..
ISO certification ownership (% of firms) 17.2 ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 227 1,077 301,804
Private foreign direct investment, net (% of GDP) 5.0 6.4 2.1
Gross fixed capital formation (% of GDP) 22.4 22.4 25.7
Gross fixed private capital formation (% of GDP) 15.5 18.3 17.7
   
Finance and banking      
Government cash surplus or deficit (% of GDP) –4.7 –1.5 –3.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 12.4 16.8 58.0
Total financial system deposits (% of GDP) 15.4 19.0 52.1
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) 11.4 .. ..
Domestic credit to the private sector (% of GDP) 7.7 11.5 40.1
Real interest rate (%) 9.6 8.2
Interest rate spread (percentage points) 17.0 13.5 8.7
   
Infrastructure      
Paved roads (% of total roads) .. .. 48.6
Electric power consumption (kWh per capita) 717 635 644
Power outages in firms a typical month (number) 3.6 ..
Mobile cellular subscriptions (per 100 people) 8.3 42.1 71.7
Internet users (per 100 people) 2.9 10.1 13.5

232 2012 The Little Data Book on Private Sector Development


Zimbabwe
Sub-Saharan Africa Low income

Low-
income
Country data
group
2005 2010 2010
Economic and social context
Population (millions) 12.6 12.6 796
Labor force (millions) 6.5 6.6 364
Unemployment rate (% of labor force) 4.2 .. ..
GNI per capita, World Bank Atlas method ($) 440 460 530
GDP growth, 2000–05 and 2005–10 (average annual %) –8.5 –3.7 5.7
Agriculture value added (% of GDP) 18.6 16.0 25.6
Industry value added (% of GDP) 28.7 26.8 25.6
Manufacturing value added (% of GDP) 16.4 13.7 14.2
Services value added (% of GDP) 52.7 57.2 48.8
Inflation (annual % change in consumer price index) 302.1 ..
Exchange rate (local currency units per $) 22.4 ..
Exports of goods and services (% of GDP) 33.5 48.3 20.8
Imports of goods and services (% of GDP) 42.5 78.0 33.4
   
Business environment      
Ease of doing business index (ranking 1–183; 1=best) .. 171
Time to start a business (days) 97 90 33
Procedures to start a business (number) 9 9 8
Firing cost (weeks of wages) 360.0 446.0 63.5
Resolving insolvency (years) 3.3 3.3 3.7
Total tax rate (% of commercial profits) 33.4 35.6 67.8
Profit tax (% of commercial profits) .. 20.3 18.7
New businesses registered (thousands) .. ..
New business density (new regis. per 1,000 working-age pop.) .. .. 0.3
Enterprise surveys    
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings with tax officials (%) .. ..
Firms using banks to finance investments (% of firms) .. ..
Delay in obtaining an electrical connection (days) .. ..
ISO certification ownership (% of firms) .. ..
   
Private sector investment      
Invest. in infra. w/privt. part., 2000–05 and 2006–10 ($ millions) 72 644 21,616
Private foreign direct investment, net (% of GDP) 1.8 1.4 3.2
Gross fixed capital formation (% of GDP) 2.0 5.6 22.4
Gross fixed private capital formation (% of GDP) 0.0 0.1 16.0
   
Finance and banking      
Government cash surplus or deficit (% of GDP) .. .. ..
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 28.4 .. 34.8
Total financial system deposits (% of GDP) 42.1 .. 31.7
Bank capital to asset ratio (%) 8.0 .. ..
Bank nonperforming loans to total gross loans ratio (%) 7.9 .. ..
Domestic credit to the private sector (% of GDP) 15.8 .. 29.7
Real interest rate (%) 219.3 ..
Interest rate spread (percentage points) 144.6 .. 9.8
   
Infrastructure      
Paved roads (% of total roads) 19.0 .. 20.7
Electric power consumption (kWh per capita) 995 1,026 229
Power outages in firms a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 5.1 61.3 33.1
Internet users (per 100 people) 8.0 11.5 5.6

The Little Data Book on Private Sector Development 2012 233


Note
a. Laws ban dismissing workers on economic grounds.

234 2012 The Little Data Book on Private Sector Development


Glossary
Agriculture value added is the net output of agriculture (International Stan-
dard Industrial Classification divisions 1–5, including forestry and fishing)
after totaling outputs and subtracting intermediate inputs. (World Bank and
Organisation for Economic Co-operation and Development)

Bank capital to asset ratio is the ratio of bank capital and reserves to total
assets. Capital and reserves include funds contributed by owners, retained
earnings, general and special reserves, provisions, and valuation adjust-
ments. Capital includes tier 1 capital (paid-up shares and common stock),
which is a common feature in all countries’ banking systems, and total
regulatory capital, which includes several specified types of subordinated
debt instruments that need not be repaid if the funds are required to maintain
minimum capital levels (these comprise tier 2 and tier 3 capital). Total assets
include all nonfinancial and financial assets. (International Monetary Fund)

Bank nonperforming loans to total gross loans ratio is the value of non-
performing loans divided by the total value of the loan portfolio (including
nonperforming loans before the deduction of specific loan loss provisions).
The loan amount recorded as nonperforming should be the gross value of the
loan as recorded on the balance sheet, not just the amount that is overdue.
(International Monetary Fund)

Delay in obtaining an electrical connection is the average wait, in days, to


obtain an electrical connection from the day an establishment applies for it
to the day it receives the service. (World Bank)

Deposit money banks’ assets are claims on the domestic real nonfinancial
sector by deposit money banks. (International Monetary Fund)

Domestic credit to the private sector is financial resources provided to the


private sector—such as through loans, purchases of nonequity securities,
and trade credits and other accounts receivable—that establish a claim
for repayment. For some countries these claims include credit to public
enterprises. (International Monetary Fund, World Bank, and Organisation
for Economic Co-operation and Development)

Ease of doing business index ranks economies from 1 to 183, with 1 being
the best. A high ranking means that a country’s regulatory environment is
conducive to business operation. The index ranks the simple average of a
country’s percentile rankings on 10 topics covered in Doing Business 2012.
The ranking on each topic is the simple average of the percentile rankings on
its component indicators. Data listed for 2010 are for June 2011. (World Bank)

Electric power consumption is the production of power plants and combined


heat and power plants minus transmission, distribution, and transformation
losses and own use by heat and power plants. (International Energy Agency)

The Little Data Book on Private Sector Development 2012 235


Glossary
Exchange rate is the exchange rate determined by national authorities or the
rate determined in the legally sanctioned exchange market. It is calculated
in local currency units relative to the U.S. dollar as an annual average based
on monthly averages. (International Monetary Fund)

Exports of goods and services are the value of all goods and other market
services provided to the rest of the world. They include the value of mer-
chandise, freight, insurance, transport, travel, royalties, license fees, and
other services, such as communication, construction, financial, information,
business, personal, and government services. They exclude compensation of
employees and investment income (formerly called factor services) as well as
transfer payments. (World Bank and Organisation for Economic Co-operation
and Development)

Firing cost is the cost of advance notice requirements, severance payments,


and penalties due when terminating a redundant worker, expressed in weekly
wages. One month is recorded as 4 1/3 weeks. Data listed for 2010 are for
June 2011. (World Bank)

Firms expected to give gifts in meetings with tax officials are the percentage
of firms that report that a gift or informal payment is expected or requested
during a meeting with tax officials. (World Bank)

Firms using banks to finance investments are the percentage of firms using
banks to finance purchases of fixed assets. (World Bank)

GDP growth is the annual percentage growth rate of gross domestic product
(GDP) at market prices based on constant local currency. Aggregates are
based on constant 2000 U.S. dollars. GDP is the sum of gross value added
by all resident producers in the economy plus any product taxes and minus
any subsidies not included in the value of the products. It is calculated
without deducting for depreciation of fabricated assets or for depletion and
degradation of natural resources. (World Bank and Organisation for Economic
Co-operation and Development)

GNI per capita, World Bank Atlas method, is gross national income (GNI)
converted to U.S. dollars using the World Bank Atlas method, divided by the
midyear population. GNI is the sum of value added by all resident producers
plus any product taxes minus any subsidies not included in the valuation
of output plus net receipts of primary income (compensation of employees
and property income) from abroad. GNI, calculated in national currency, is
usually converted to U.S. dollars at official exchange rates for comparisons
across economies. To smooth fluctuations in prices and exchange rates,
the World Bank Atlas method is used; it averages the exchange rate for a
given year and the two preceding years, adjusted for differences in rates of
inflation between the country and the Euro area, Japan, the United Kingdom,
and the United States. (World Bank)

236 2012 The Little Data Book on Private Sector Development


Glossary
Government cash surplus or deficit is revenue (including grants) minus
expense and net acquisition of nonfinancial assets. (International Mon-
etary Fund, World Bank, and Organisation for Economic Co-operation and
Development)

Government debt is the entire stock of direct government fixed-term con-


tractual obligations to others outstanding on a particular date. It includes
domestic and foreign liabilities such as loans, currency and money deposits,
and securities other than shares. It is the gross amount of government
liabilities reduced by the amount of equity and financial derivatives held by
the government. Because debt is a stock rather than a flow, it is measured
as of a given date, usually the last day of the fiscal year. (International
Monetary Fund, World Bank, and Organisation for Economic Co-operation
and Development)

Gross fixed capital formation includes land improvements (fences, ditches,


drains, and so on); plant, machinery, and equipment purchases; and the
construction of roads, railways, and the like, including schools, offices,
hospitals, private residential dwellings, and commercial and industrial build-
ings. According to the 1993 System of National Accounts, net acquisition of
valuables is also considered capital formation. (World Bank and Organisation
for Economic Co-operation and Development)

Gross fixed private capital formation is gross outlays by the private sector
(including private nonprofit organizations) on additions to its fixed domes-
tic assets. (World Bank and Organisation for Economic Co-operation and
Development)

Imports of goods and services are the value of all goods and other market
services received from the rest of the world. They include the value of mer-
chandise, freight, insurance, transport, travel, royalties, license fees, and
other services, such as communication, construction, financial, information,
business, personal, and government services. They exclude compensation
of employees and investment income (formerly called factor services) as
well as transfer payments. (World Bank and Organisation for Economic
Co-operation and Development)

Industry value added is the net output of industry (International Standard


Industrial Classification divisions 10–45, including mining, manufacturing,
construction, electricity, water, and gas) after totaling outputs and sub-
tracting intermediate inputs. (World Bank and Organisation for Economic
Co-operation and Development)

Inflation is the annual percentage change in the cost to the average consumer
of acquiring a basket of goods and services that may be fixed or changed at
specified intervals, such as yearly. The Laspeyres formula is generally used.
(International Monetary Fund)

The Little Data Book on Private Sector Development 2012 237


Glossary
Interest rate spread is the interest rate charged by banks on loans to prime
customers minus the interest rate paid by commercial or similar banks for
demand, time, or savings deposits. (International Monetary Fund)

Internet users are individuals who have used the Internet (in any location)
with a device such as a computer, smartphone, or digital television in the
last 12 months via a fixed or mobile network. The Internet provides access
to the worldwide network. (International Telecommunication Union)

Investment in infrastructure with private participation is the value of infra-


structure projects in telecommunications, energy (electricity and natural
gas transmission and distribution), transport, and water and sanitation that
have reached financial closure and directly or indirectly serve the public,
including operation and management contracts with major capital expen-
diture, greenfield projects (in which a private entity or public-private joint
venture builds and operates a new facility), and divestitures. Incinerators,
movable assets, standalone solid waste projects, and small projects such
as windmills are excluded. Data listed for 2005 and 2010 refer to total for
the period 2000–05 and 2006–10. (World Bank)

ISO certification ownership is the percentage of firms that have earned a


quality certification recognized by the International Organization for Stan-
dardization (ISO). (World Bank)

Labor force is all people who supply labor for the production of goods and
services during a specified period, according to the International Labour
Organization definition of the economically active population. It includes
both the employed and the unemployed. While national practices vary in
the treatment of such groups as the armed forces and seasonal or part-
time workers, in general the labor force includes the armed forces, the
unemployed, and first-time job-seekers and excludes homemakers and other
unpaid caregivers and workers in the informal sector. (International Labour
Organization and World Bank)

Manufacturing value added is the net output of industries belonging to


International Standard Industrial Classification divisions 15–37 after totaling
outputs and subtracting intermediate inputs. (World Bank and Organisation
for Economic Co-operation and Development)

Mobile cellular subscriptions are the number of subscriptions—including


postpaid and prepaid subscriptions—to a public mobile telephone service
using cellular technology that provides access to the public switched tele-
phone network. It is calculated per 100 people. (International Telecom-
munication Union)

New business density is the number of newly registered limited liability


corporations per 1,000 people ages 15–64. (World Bank)

238 2012 The Little Data Book on Private Sector Development


Glossary
Paved roads are roads surfaced with concrete, cobblestones, or crushed
stone (macadam) and hydrocarbon binder or bituminized agents. (Interna-
tional Road Federation)

Population is based on the de facto definition of population, which counts


all residents regardless of legal status or citizenship—except for refugees
not permanently settled in the country of asylum, who are generally con-
sidered part of the population of their country of origin. Data are midyear
estimates. (World Bank)

Power outages in a typical month are the average number of power outages
that establishments experience in a typical month. (World Bank)

Private foreign direct investment, net, is net inflows of private investment to


acquire a lasting management interest (10 percent or more of voting stock)
in an enterprise operating in an economy other than that of the investor. It is
the sum of equity capital, reinvestment of earnings, other long-term capital,
and short-term capital, as shown in the balance of payments. (International
Monetary Fund, World Bank, and Organisation for Economic Co-operation
and Development)

Procedures to start a business are the number of procedures required to


start a business, including interactions to obtain necessary permits and
licenses and to complete all inscriptions, verifications, and notifications to
start operations. Data are for businesses with specific characteristics of
ownership, size, and type of production. Data listed for 2010 are for June
2011. (World Bank)

Profit tax is the amount of taxes on profits paid by the business. For further
details on the method, see the World Bank’s Doing Business 2012. Data
listed for 2010 are for June 2011. (World Bank)

Real interest rate is the lending interest rate adjusted for inflation as mea-
sured by the GDP deflator. (International Monetary Fund and World Bank)

Services value added is the net output of services (International Standard


Industrial Classification divisions 50–99) after totaling outputs and sub-
tracting intermediate inputs. (World Bank and Organisation for Economic
Co-operation and Development)

Time dealing with government officials is the percentage of management


time in a given week spent on requirements imposed by government regula-
tions (taxes, customs, labor regulations, licensing, and registration). (World
Bank)

Time to resolve insolvency is the number of years from time of filing for
insolvency in court until resolution of distressed assets and payment of
creditors. Data listed for 2010 are for June 2011. (World Bank)

The Little Data Book on Private Sector Development 2012 239


Glossary
Time to start a business is the number of calendar days needed to complete
the required procedures for legally operating a business. If a procedure can
be expedited at additional cost, the fastest procedure, independent of cost,
is chosen. Data listed for 2010 are for June 2011. (World Bank)

Total financial system deposits are the demand, time, and saving deposits
in deposit money banks and other financial institutions. (International
Monetary Fund)

Total tax rate is the total amount of taxes payable by a business (except for
labor taxes) after accounting for deductions and exemptions as a percentage
of profit. For further details on the method used for assessing the total tax
payable, see the World Bank’s Doing Business 2012. Data listed for 2010
are for June 2011. (World Bank)

Unemployment rate is the share of the labor force without work but available
for and seeking employment. Definitions of labor force and unemployment
differ by country. (International Labour Organization)

240 2012 The Little Data Book on Private Sector Development


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ISBN 978-0-8213-8995-9 Web site: data.worldbank.org
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AFGHANISTAN ALBANIA ALGERIA AMERICAN SAMOA ANDORRA ANGOLA ANTIGUA AND BARBUDA
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BANGLADESH BARBADOS BELARUS BELGIUM BELIZE BENIN BERMUDA BHUTAN BOLIVIA BOSNIA
AND HERZEGOVINA BOTSWANA BRAZIL BRUNEI DARUSSALAM BULGARIA BURKINA FASO
BURUNDI CAMBODIA CAMEROON CANADA CAPE VERDE CAYMAN ISLANDS CENTRAL AFRICAN
REPUBLIC CHAD CHANNEL ISLANDS CHILE CHINA COLOMBIA COMOROS DEMOCRATIC REPUBLIC
OF CONGO REPUBLIC OF CONGO COSTA RICA CÔTE D’IVOIRE CROATIA CUBA CURAÇA
¸ O CYPRUS
CZECH REPUBLIC DENMARK DJIBOUTI DOMINICA DOMINICAN REPUBLIC ECUADOR ARAB
REPUBLIC OF EGYPT EL SALVADOR EQUATORIAL GUINEA ERITREA ESTONIA ETHIOPIA FAEROE
ISLANDS FIJI FINLAND FRANCE FRENCH POLYNESIA GABON THE GAMBIA GEORGIA GERMANY
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OF KOREA KOSOVO KUWAIT KYRGYZ REPUBLIC LAO PEOPLE’S DEMOCRATIC REPUBLIC LATVIA
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NEW GUINEA PARAGUAY PERU PHILIPPINES POLAND PORTUGAL PUERTO RICO QATAR ROMANIA
RUSSIAN FEDERATION RWANDA SAMOA SAN MARINO SÃO TOMÉ AND PRÍNCIPE SAUDI
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