Source: World Bank
Release: World Development Indicators
Ease of doing business ranks economies from 1 to 189, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.
Nations that are included in this data series are listed at http://data.worldbank.org/about/country-and-lending-groups. A developing nation is defined as one which falls within the lower or middle income bracket.
Source Indicator: IC.BUS.EASE.XQ
World Bank, Ease of doing business index for Developing Countries in Latin America and Caribbean [ICBUSEASEXQLAC], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/ICBUSEASEXQLAC, April 15, 2021.