Available indicators:
Source www.doingbusiness.org
Ease of doing business index (1=most business-friendly regulations)
Business Freedom
Business freedom is a quantitative measure of the ability to start, operate, and close a business that represents the overall burden of regulation as well as the efficiency of government in the regulatory process. The business freedom score for each country is a number between 0 and 100, with 100 equaling the freest business environment. The score is based on 10 factors, all weighted equally, using data from the World Bank’s Doing Business study:
Starting a business—procedures (number);
Starting a business—time (days);
Starting a business—cost (% of income per capita);
Starting a business—minimum capital (% of income per capita);
Obtaining a license—procedures (number);
Obtaining a license—time (days);
Obtaining a license—cost (% of income per capita);
Closing a business—time (years);
Closing a business—cost (% of estate); and
Closing a business—recovery rate (cents on the dollar).
Each of these raw factors is converted to a scale of 0 to 100, after which the average of the converted values is computed. The result represents the country’s business freedom score. For example, even if a country requires the highest number of procedures for starting a business, which yields a score of zero in that factor, it could still receive a score as high as 90 based on scores in the other nine factors.
Canada, for instance, receives scores of 100 in nine of the 10 factors, the exception being the 14 licensing procedures required by the government, which equates to a score of 64.5 for that factor.