In 2020, Somalia scored 20 points in the ease of doing business index. The country had the worst business environment in Africa. In particular, dealing with construction permits, getting electricity, obtaining credit, protecting minority investors, paying taxes, and resolving insolvency were the main obstacles for firms operating there, each obtaining an index score equal to zero. On the other hand, enforcing contracts was the easiest business process in the country.
Ease of doing business in Somalia in 2020, by topic
The ease of doing business (EODB) score captures the gap between an economy’s performance and is a measure of best practice across the entire sample of 41 indicators for 10 topics. The ranking complements the ease of doing business score by providing information about an economy’s performance in business regulation relative to the performance of other economies as measured by Doing Business. The ranking is out of 190 countries.
"An economy’s ease of doing business score is reflected on a scale from 0 to 100, where 0 represents the lowest and 100 represents the best performance. For example, an ease of doing business score of 75 in Doing Business 2019 means an economy was 25 percentage points away from the best regulatory performance constructed across all economies and across time. A score of 80 in Doing Business 2020 would indicate the economy is improving. "
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International Economics. (February 28, 2021). Ease of doing business in Somalia in 2020, by topic [Graph]. In Statista. Retrieved October 03, 2024, from https://www.statista.com/statistics/1244796/ease-of-doing-business-in-somalia-by-topic/
International Economics. "Ease of doing business in Somalia in 2020, by topic." Chart. February 28, 2021. Statista. Accessed October 03, 2024. https://www.statista.com/statistics/1244796/ease-of-doing-business-in-somalia-by-topic/
International Economics. (2021). Ease of doing business in Somalia in 2020, by topic. Statista. Statista Inc.. Accessed: October 03, 2024. https://www.statista.com/statistics/1244796/ease-of-doing-business-in-somalia-by-topic/
International Economics. "Ease of Doing Business in Somalia in 2020, by Topic." Statista, Statista Inc., 28 Feb 2021, https://www.statista.com/statistics/1244796/ease-of-doing-business-in-somalia-by-topic/
International Economics, Ease of doing business in Somalia in 2020, by topic Statista, https://www.statista.com/statistics/1244796/ease-of-doing-business-in-somalia-by-topic/ (last visited October 03, 2024)
Ease of doing business in Somalia in 2020, by topic [Graph], International Economics, February 28, 2021. [Online]. Available: https://www.statista.com/statistics/1244796/ease-of-doing-business-in-somalia-by-topic/