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This page shows summary Doing Business 2010 data for the selected economy. The first table lists the overall "Ease of Doing Business" rank (out of 183 economies) and the rankings by each topic. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economic Data

Compare economies by income per capita, and population.

Panama

Region:
Latin America & Caribbean
Income category:
Upper middle income
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Population:
3,394,528
GNI per capita (US$):
6,178.34
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Ease of... Doing Business 2010 rank Doing Business 2009 rank Change in rank
Doing Business77 83 +6
Starting a Business 27 17 -10
Dealing with Construction Permits 68 72 +4
Employing Workers 177 177 0
Registering Property 65 76 +11
Getting Credit 30 27 -3
Protecting Investors 109 105 -4
Paying Taxes 173 174 +1
Trading Across Borders 10 8 -2
Enforcing Contracts 119 117 -2
Closing a Business 75 75 0
Note: Doing Business 2009 rankings have been recalculated to reflect changes to the methodology and the addition of two new countries.

Starting a Business

DB10 rank:
27
DB09 rank:
17
variation dans le classement:
-10
Ce sujet examine les conditions de création d’entreprise. Le nombre d’étapes, la durée et les coûts requis d’une société à responsabilité limitée pour pouvoir légalement commencer son activité.
Indicator Panama Latin America & Caribbean OECD Average
Procedures (number) 6 9.5 5.7
Time (days) 12 61.7 13.0
Cost (% of income per capita) 10.3 36.6 4.7
Min. capital (% of income per capita) 0.0 2.9 15.5

Ressources:

Méthodologie

Dealing with Construction Permits

DB10 rank:
68
DB09 rank:
72
variation dans le classement:
+4
Ce sujet relève les procédures, durées et coûts nécessaires pour la construction d’un entrepôt, incluant l’obtention des licences et permis nécessaires, l’accomplissement des notifications et inspections requises et l’obtention des raccordements (eau, téléphone, e électricité).
Indicator Panama Latin America & Caribbean OCDE Moyenne
Procedures (number) 20 16.7 15.1
Time (days) 116 225.0 157.0
Cost (% of income per capita) 107.2 210.8 56.1

Ressources:

Méthodologie

Employing Workers

DB10 rank:
177
DB09 rank:
177
Change in rank:
-
The difficulties that employers face in hiring and firing workers are shown below. Each index assigns values between 0 and 100, with higher values representing more rigid regulations. The Rigidity of Employment Index is an average of the three indices.
Indicator Panama Latin America & Caribbean OECD Average
Difficulty of hiring index (0-100) 78 34.4 26.5
Rigidity of hours index (0-100) 60 21.2 30.1
Difficulty of redundancy index (0-100) 60 24.1 22.6
Rigidity of employment index (0-100) 66 26.6 26.4
Redundancy costs (weeks of salary) 44 53.0 26.6

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Registering Property

DB10 rank:
65
DB09 rank:
76
Change in rank:
+11
The ease with which businesses can secure rights to property is shown below. Included are the number of steps, time, and cost involved in registering property.
Indicator Panama Latin America & Caribbean OECD Average
Procedures (number) 7 6.8 4.7
Time (days) 32 70.4 25.0
Cost (% of property value) 2.4 5.9 4.6

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Getting Credit

DB10 rank:
30
DB09 rank:
27
Change in rank:
-3
Measures on credit information sharing and the legal rights of borrowers and lenders are shown below. The Legal Rights Index ranges from 0-10, with higher scores indicating that those laws are better designed to expand access to credit. The Credit Information Index measures the scope, access and quality of credit information available through public registries or private bureaus. It ranges from 0-6, with higher values indicating that more credit information is available from a public registry or private bureau.
Indicator Panama Latin America & Caribbean OECD Average
Strength of legal rights index (0-10) 6 5.5 6.8
Depth of credit information index (0-6) 6 3.3 4.9
Public registry coverage (% of adults) 0.0 10.0 8.8
Private bureau coverage (% of adults) 45.9 33.2 59.6

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Protecting Investors

DB10 rank:
109
DB09 rank:
105
Change in rank:
-4
The indicators below describe three dimensions of investor protection: transparency of transactions (Extent of Disclosure Index), liability for self-dealing (Extent of Director Liability Index), shareholders’ ability to sue officers and directors for misconduct (Ease of Shareholder Suits Index) and Strength of Investor Protection Index. The indexes vary between 0 and 10, with higher values indicating greater disclosure, greater liability of directors, greater powers of shareholders to challenge the transaction, and better investor protection.
Indicator Panama Latin America & Caribbean OECD Average
Extent of disclosure index (0-10) 1 4.0 5.9
Extent of director liability index (0-10) 4 5.3 5.0
Ease of shareholder suits index (0-10) 9 6.0 6.6
Strength of investor protection index (0-10) 4.7 5.1 5.8

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Paying Taxes

DB10 rank:
173
DB09 rank:
174
Change in rank:
+1
The data below shows the tax that a medium-size company must pay or withhold in a given year, as well as measures of the administrative burden in paying taxes. These measures include the number of payments an entrepreneur must make; the number of hours spent preparing, filing, and paying; and the percentage of their profits they must pay in taxes.
Indicator Panama Latin America & Caribbean OECD Average
Payments (number per year) 59 33.2 12.8
Time (hours per year) 482 385.2 194.1
Profit tax (%) 17.1 20.4 16.8
Labor tax and contributions (%) 22.6 14.7 24.4
Other taxes (%) 10.4 13.2 3.3
Total tax rate (% profit) 50.1 48.3 44.5

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Trading Across Borders

DB10 rank:
10
DB09 rank:
8
Change in rank:
-2
The costs and procedures involved in importing and exporting a standardized shipment of goods are detailed under this topic. Every official procedure involved is recorded - starting from the final contractual agreement between the two parties, and ending with the delivery of the goods.
Indicator Panama Latin America & Caribbean OECD Average
Documents to export (number) 3 6.8 4.3
Time to export (days) 9 18.6 10.5
Cost to export (US$ per container) 729 1,243.6 1,089.7
Documents to import (number) 4 7.3 4.9
Time to import (days) 9 20.9 11.0
Cost to import (US$ per container) 879 1,481.0 1,145.9

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Enforcing Contracts

DB10 rank:
119
DB09 rank:
117
Change in rank:
-2
The ease or difficulty of enforcing commercial contracts is measured below. This is determined by following the evolution of a payment dispute and tracking the time, cost, and number of procedures involved from the moment a plaintiff files the lawsuit until actual payment.
Indicator Panama Latin America & Caribbean OECD Average
Procedures (number) 31 39.7 30.6
Time (days) 686 707.0 462.4
Cost (% of claim) 50.0 31.3 19.2

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Closing a Business

DB10 rank:
75
DB09 rank:
75
Change in rank:
-
The time and cost required to resolve bankruptcies is shown below. The data identifies weaknesses in existing bankruptcy law and the main procedural and administrative bottlenecks in the bankruptcy process. The recovery rate, expressed in terms of how many cents on the dollar claimants recover from the insolvent firm, is also shown.
Indicator Panama Latin America & Caribbean OECD Average
Time (years) 2.5 3.3 1.7
Cost (% of estate) 18 15.9 8.4
Recovery rate (cents on the dollar) 32.4 26.8 68.6

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