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From World Development Indicators

The Little Data Book on


Private Sector
Development

Economic and social context

Investment climate

Private sector investment

Finance and banking

Infrastructure
2011 THE LITTLE DATA BOOK
ON PRIVATE SECTOR
DEVELOPMENT
Copyright ©2011 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 July 2011

ISBN: 978-0-8213-8861-7
eISBN: 978-0-8213-8884-6
DOI: 10.1596/978-0-8213-8861-7
SKU: 18861

The Little Data Book on Private Sector Development 2011 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 Group.

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


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

Euro area . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

High income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

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

Glossary. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 231

The Little Data Book on Private Sector Development 2011 iii


Acknowledgments
The Little Data Book on Private Sector Development 2011 is based on World
Development Indicators 2011 and its accompanying CD-ROM, with a focus
on the private sector in development. The Little Data Book on Private Sector
Development 2011 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 Azita Amjadi, David Cieslikowski, Federico Escaler, Buyant
Erdene Khaltarkhuu, Alison Kwong, William Prince, and Jomo Tariku. The
Investment Climate Department's team included Nathalie David and Ayse
Boybeyi. 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. The book was typeset by Jomo Tariku. Staff
from External Affairs oversaw publication and dissemination of the book.

iv 2011 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 crisis. When downturns affect
exports, investment and growth negatively, making life easier for business
is a significant step towards economic recovery. This became very obvious
during the global financial crises when governments were trying 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’s Doing Business project, Enterprise Surveys, and the World
Bank Group 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.

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 2011 v


Data notes
The data in this book are for 2000 and 2009 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 2011 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, 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, Sudan, Swaziland, Tanzania, Togo,
Uganda, Zambia, Zimbabwe

The Little Data Book on Private Sector Development 2011 1


World
2000 2009
Economic and social context
Population (millions) 6,085.0 6,775.2
Labor force (millions) 2,755.3 3,175.8
Unemployment rate (% of labor force) 5.6 6.6
GNI per capita, World Bank Atlas method ($) 5,293 8,732
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.3 2.9
Agriculture value added (% of GDP) 3.6 2.9
Industry value added (% of GDP) 28.9 27.0
Manufacturing value added (% of GDP) 19.2 16.8
Services value added (% of GDP) 67.5 70.2
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 24.4 24.2
Imports of goods and services (% of GDP) 24.5 24.3

Investment climate
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) .. 51.2
Closing a business (years to resolve insolvency) .. 2.9
Total tax rate (% of profit) .. 47.8
Profit tax (% of commercial profits) 17.9
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. ..
Private foreign direct investment, net (% of GDP) 5.0 2.0
Gross fixed capital formation (% of GDP) 21.6 19.5
Gross fixed private capital formation (% of GDP) .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -0.2 -7.1
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 103.9 124.6
Total financial system deposits (% of GDP) 88.6 91.5
Bank capital to asset ratio (%) 8.7 9.4
Bank nonperforming loans to total gross loans ratio (%) 9.5 4.2
Domestic credit to the private sector (% of GDP) 129.3 138.2
Real interest rate (%)
Interest rate spread (percentage points) 7.0 6.2

Infrastructure
Paved roads (% of total roads) 49.0 ..
Electric power consumption (kWh per capita) 2,389 2,875
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 12.2 69.0
Internet users (per 100 people) 6.7 27.1

2 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
2000 2009
Economic and social context
Population (millions) 1,807.1 1,943.8
Labor force (millions) 985.3 1,090.7
Unemployment rate (% of labor force) 3.6 4.6
GNI per capita, World Bank Atlas method ($) 902 3,163
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.0 9.4
Agriculture value added (% of GDP) 15.0 11.4
Industry value added (% of GDP) 44.4 45.0
Manufacturing value added (% of GDP) 30.7 31.7
Services value added (% of GDP) 40.6 43.4
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 35.5 34.9
Imports of goods and services (% of GDP) 31.3 29.7

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 40
Procedures to start a business (number) .. 8
Firing cost (weeks of wages) .. 56.7
Closing a business (years to resolve insolvency) .. 3.1
Total tax rate (% of profit) .. 36.5
Profit tax (% of commercial profits) 18.4
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 17,993 11,467
Private foreign direct investment, net (% of GDP) 2.6 1.6
Gross fixed capital formation (% of GDP) 30.5 39.4
Gross fixed private capital formation (% of GDP) 8.9 18.8

Finance and banking


Government cash surplus or deficit (% of GDP) -2.6 -2.0
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 109.5 125.3
Total financial system deposits (% of GDP) 49.0 56.0
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 98.9 117.0
Real interest rate (%)
Interest rate spread (percentage points) 6.9 7.1

Infrastructure
Paved roads (% of total roads) 11.4 ..
Electric power consumption (kWh per capita) 879 1,972
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 5.8 61.6
Internet users (per 100 people) 1.9 24.1

The Little Data Book on Private Sector Development 2011 3


Europe & Central Asia
2000 2009
Economic and social context
Population (millions) 399.7 404.2
Labor force (millions) 176.4 187.2
Unemployment rate (% of labor force) 10.2 9.2
GNI per capita, World Bank Atlas method ($) 1,756 6,793
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.1 5.9
Agriculture value added (% of GDP) 10.8 7.5
Industry value added (% of GDP) 34.7 30.4
Manufacturing value added (% of GDP) 18.2 16.6
Services value added (% of GDP) 54.5 62.1
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 37.0 29.8
Imports of goods and services (% of GDP) 31.0 28.7

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 18
Procedures to start a business (number) .. 6
Firing cost (weeks of wages) .. 25.9
Closing a business (years to resolve insolvency) .. 2.9
Total tax rate (% of profit) .. 42.2
Profit tax (% of commercial profits) 10.0
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 8,448 23,082
Private foreign direct investment, net (% of GDP) 1.3 3.3
Gross fixed capital formation (% of GDP) 18.8 21.1
Gross fixed private capital formation (% of GDP) 15.6 17.2

Finance and banking


Government cash surplus or deficit (% of GDP) .. -0.4
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 27.7 54.3
Total financial system deposits (% of GDP) 22.3 40.2
Bank capital to asset ratio (%) 14.0 13.3
Bank nonperforming loans to total gross loans ratio (%) 11.0 9.3
Domestic credit to the private sector (% of GDP) 14.8 45.0
Real interest rate (%)
Interest rate spread (percentage points) 14.8 5.7

Infrastructure
Paved roads (% of total roads) 67.4 ..
Electric power consumption (kWh per capita) 3,316 4,052
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 6.5 118.7
Internet users (per 100 people) 2.0 36.4

4 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
2000 2009
Economic and social context
Population (millions) 512.4 572.5
Labor force (millions) 221.0 269.3
Unemployment rate (% of labor force) 9.0 7.9
GNI per capita, World Bank Atlas method ($) 3,831 7,007
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.0 3.8
Agriculture value added (% of GDP) 5.6 6.1
Industry value added (% of GDP) 29.6 30.6
Manufacturing value added (% of GDP) 18.3 16.8
Services value added (% of GDP) 64.8 63.3
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 20.0 21.0
Imports of goods and services (% of GDP) 21.1 21.0

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 60
Procedures to start a business (number) .. 9
Firing cost (weeks of wages) .. 55.5
Closing a business (years to resolve insolvency) .. 3.2
Total tax rate (% of profit) .. 47.9
Profit tax (% of commercial profits) 21.4
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 36,956 52,821
Private foreign direct investment, net (% of GDP) 3.9 1.9
Gross fixed capital formation (% of GDP) 18.4 19.9
Gross fixed private capital formation (% of GDP) .. 14.3

Finance and banking


Government cash surplus or deficit (% of GDP) -1.5 -1.7
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 44.5 59.0
Total financial system deposits (% of GDP) 32.1 44.0
Bank capital to asset ratio (%) 9.6 9.6
Bank nonperforming loans to total gross loans ratio (%) 7.5 3.0
Domestic credit to the private sector (% of GDP) 27.0 40.8
Real interest rate (%)
Interest rate spread (percentage points) 8.3 7.7

Infrastructure
Paved roads (% of total roads) 24.3 ..
Electric power consumption (kWh per capita) 1,568 1,907
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 12.1 89.5
Internet users (per 100 people) 3.8 31.5

The Little Data Book on Private Sector Development 2011 5


Middle East & North Africa
2000 2009
Economic and social context
Population (millions) 280.5 330.9
Labor force (millions) 89.1 115.2
Unemployment rate (% of labor force) 14.3 10.6
GNI per capita, World Bank Atlas method ($) 1,617 3,597
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.5 4.7
Agriculture value added (% of GDP) 12.5 10.6
Industry value added (% of GDP) 43.3 43.0
Manufacturing value added (% of GDP) 12.5 11.7
Services value added (% of GDP) 44.2 46.5
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 26.8 38.2
Imports of goods and services (% of GDP) 25.6 33.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 23
Procedures to start a business (number) .. 8
Firing cost (weeks of wages) .. 54.8
Closing a business (years to resolve insolvency) .. 3.5
Total tax rate (% of profit) .. 41.6
Profit tax (% of commercial profits) 16.6
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 1,310 4,015
Private foreign direct investment, net (% of GDP) 1.0 2.6
Gross fixed capital formation (% of GDP) 22.0 24.7
Gross fixed private capital formation (% of GDP) 14.0 15.0

Finance and banking


Government cash surplus or deficit (% of GDP) .. -3.0
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 53.0 48.3
Total financial system deposits (% of GDP) 52.0 58.5
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 34.4 34.5
Real interest rate (%)
Interest rate spread (percentage points) 4.9 4.3

Infrastructure
Paved roads (% of total roads) 68.7 81.0
Electric power consumption (kWh per capita) 1,044 1,494
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 2.2 67.4
Internet users (per 100 people) 0.9 21.5

6 2011 The Little Data Book on Private Sector Development


South Asia
2000 2009
Economic and social context
Population (millions) 1,362.4 1,567.7
Labor force (millions) 515.4 625.9
Unemployment rate (% of labor force) 4.5 4.8
GNI per capita, World Bank Atlas method ($) 442 1,107
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.4 7.3
Agriculture value added (% of GDP) 23.9 18.3
Industry value added (% of GDP) 25.8 26.8
Manufacturing value added (% of GDP) 15.4 15.3
Services value added (% of GDP) 50.3 54.9
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 14.2 18.9
Imports of goods and services (% of GDP) 15.9 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 25
Procedures to start a business (number) .. 7
Firing cost (weeks of wages) .. 75.8
Closing a business (years to resolve insolvency) .. 4.5
Total tax rate (% of profit) .. 39.9
Profit tax (% of commercial profits) 17.8
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 3,027 39,907
Private foreign direct investment, net (% of GDP) 0.7 2.3
Gross fixed capital formation (% of GDP) 22.2 28.6
Gross fixed private capital formation (% of GDP) 15.8 21.0

Finance and banking


Government cash surplus or deficit (% of GDP) -4.0 -4.6
Government debt (% of GDP) 64.6 56.5
Deposit money banks’ assets (% of GDP) 41.8 63.7
Total financial system deposits (% of GDP) 41.9 60.5
Bank capital to asset ratio (%) 4.9 6.4
Bank nonperforming loans to total gross loans ratio (%) 19.5 10.5
Domestic credit to the private sector (% of GDP) 27.7 43.5
Real interest rate (%)
Interest rate spread (percentage points) 6.9 5.9

Infrastructure
Paved roads (% of total roads) 47.5 51.8
Electric power consumption (kWh per capita) 359 503
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 0.3 45.5
Internet users (per 100 people) 0.5 5.5

The Little Data Book on Private Sector Development 2011 7


Sub-Saharan Africa
2000 2009
Economic and social context
Population (millions) 671.8 839.6
Labor force (millions) 263.1 341.0
Unemployment rate (% of labor force) .. ..
GNI per capita, World Bank Atlas method ($) 488 1,125
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.2 5.1
Agriculture value added (% of GDP) 16.3 13.1
Industry value added (% of GDP) 29.4 29.5
Manufacturing value added (% of GDP) 14.9 12.7
Services value added (% of GDP) 54.3 57.3
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 32.4 29.7
Imports of goods and services (% of GDP) 30.7 33.5

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 43
Procedures to start a business (number) .. 9
Firing cost (weeks of wages) .. 66.2
Closing a business (years to resolve insolvency) .. 3.4
Total tax rate (% of profit) .. 68.2
Profit tax (% of commercial profits) 23.3
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 2,787 11,333
Private foreign direct investment, net (% of GDP) 2.0 3.1
Gross fixed capital formation (% of GDP) 16.3 22.3
Gross fixed private capital formation (% of GDP) 11.8 13.4

Finance and banking


Government cash surplus or deficit (% of GDP) .. -1.0
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 41.9 53.2
Total financial system deposits (% of GDP) 32.3 40.3
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 61.5 65.1
Real interest rate (%)
Interest rate spread (percentage points) 12.6 8.5

Infrastructure
Paved roads (% of total roads) 12.1 ..
Electric power consumption (kWh per capita) 490 531
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 1.7 37.3
Internet users (per 100 people) 0.5 8.8

8 2011 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 $995 or less
in 2009.

Middle-income economies are those with a GNI per capita of more than
$995 but less than $12,196. Lower-middle-income and upper-middle-income
economies are separated at a GNI per capita of $3,945.

High-income economies are those with a GNI per capita of $12,196 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 2011 9


Low income
2000 2009
Economic and social context
Population (millions) 694.7 846.1
Labor force (millions) 302.6 384.5
Unemployment rate (% of labor force) .. ..
GNI per capita, World Bank Atlas method ($) 264 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.1 5.4
Agriculture value added (% of GDP) 34.0 26.1
Industry value added (% of GDP) 21.3 24.4
Manufacturing value added (% of GDP) 11.5 12.4
Services value added (% of GDP) 44.7 49.5
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 19.2 23.2
Imports of goods and services (% of GDP) 27.6 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 41
Procedures to start a business (number) .. 8
Firing cost (weeks of wages) .. 71.0
Closing a business (years to resolve insolvency) .. 3.7
Total tax rate (% of profit) .. 76.5
Profit tax (% of commercial profits) 24.8
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 630 4,779
Private foreign direct investment, net (% of GDP) 1.6 2.7
Gross fixed capital formation (% of GDP) 18.7 22.9
Gross fixed private capital formation (% of GDP) 12.1 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. -1.4
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 24.1 31.8
Total financial system deposits (% of GDP) 24.4 30.6
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) .. ..
Domestic credit to the private sector (% of GDP) 18.4 26.3
Real interest rate (%)
Interest rate spread (percentage points) 13.6 11.5

Infrastructure
Paved roads (% of total roads) 12.0 ..
Electric power consumption (kWh per capita) 184 231
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 0.3 26.6
Internet users (per 100 people) 0.1 2.7

10 2011 The Little Data Book on Private Sector Development


Middle income
2000 2009
Economic and social context
Population (millions) 4,339.2 4,812.5
Labor force (millions) 1,947.7 2,244.8
Unemployment rate (% of labor force) 5.4 6.2
GNI per capita, World Bank Atlas method ($) 1,267 3,397
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.1 6.4
Agriculture value added (% of GDP) 11.4 9.6
Industry value added (% of GDP) 35.5 35.0
Manufacturing value added (% of GDP) 21.5 21.0
Services value added (% of GDP) 53.1 55.4
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 27.3 27.0
Imports of goods and services (% of GDP) 25.4 26.1

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 39
Procedures to start a business (number) .. 8
Firing cost (weeks of wages) .. 49.5
Closing a business (years to resolve insolvency) .. 3.1
Total tax rate (% of profit) .. 41.5
Profit tax (% of commercial profits) 17.1
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 80,173 142,107
Private foreign direct investment, net (% of GDP) 2.6 2.2
Gross fixed capital formation (% of GDP) 22.6 27.3
Gross fixed private capital formation (% of GDP) 13.3 18.4

Finance and banking


Government cash surplus or deficit (% of GDP) -2.3 -1.5
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 62.9 86.4
Total financial system deposits (% of GDP) 38.7 51.5
Bank capital to asset ratio (%) 9.5 10.1
Bank nonperforming loans to total gross loans ratio (%) 11.3 4.8
Domestic credit to the private sector (% of GDP) 50.2 72.8
Real interest rate (%)
Interest rate spread (percentage points) 8.2 6.3

Infrastructure
Paved roads (% of total roads) 35.4 ..
Electric power consumption (kWh per capita) 1,071 1,670
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 4.9 66.7
Internet users (per 100 people) 1.7 20.9

The Little Data Book on Private Sector Development 2011 11


Lower middle income
2000 2009
Economic and social context
Population (millions) 3,416.4 3,810.8
Labor force (millions) 1,555.1 1,786.5
Unemployment rate (% of labor force) 4.3 5.3
GNI per capita, World Bank Atlas method ($) 741 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.6 8.5
Agriculture value added (% of GDP) 17.1 13.3
Industry value added (% of GDP) 39.5 38.9
Manufacturing value added (% of GDP) 24.7 25.8
Services value added (% of GDP) 43.4 47.7
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 27.7 28.9
Imports of goods and services (% of GDP) 26.3 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 35
Procedures to start a business (number) .. 8
Firing cost (weeks of wages) .. 57.7
Closing a business (years to resolve insolvency) .. 3.3
Total tax rate (% of profit) .. 40.2
Profit tax (% of commercial profits) 16.3
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 21,404 41,477
Private foreign direct investment, net (% of GDP) 2.1 2.0
Gross fixed capital formation (% of GDP) 27.2 34.9
Gross fixed private capital formation (% of GDP) 11.1 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -3.2 -2.3
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 84.0 107.6
Total financial system deposits (% of GDP) 43.7 54.9
Bank capital to asset ratio (%) 8.8 10.0
Bank nonperforming loans to total gross loans ratio (%) 16.8 5.1
Domestic credit to the private sector (% of GDP) 71.9 92.9
Real interest rate (%)
Interest rate spread (percentage points) 8.3 7.3

Infrastructure
Paved roads (% of total roads) 35.4 ..
Electric power consumption (kWh per capita) 693 1,318
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 3.3 57.8
Internet users (per 100 people) 1.1 17.2

12 2011 The Little Data Book on Private Sector Development


Upper middle income
2000 2009
Economic and social context
Population (millions) 922.7 1,001.7
Labor force (millions) 392.6 458.2
Unemployment rate (% of labor force) 11.1 9.1
GNI per capita, World Bank Atlas method ($) 3,214 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.9 4.4
Agriculture value added (% of GDP) 6.6 6.2
Industry value added (% of GDP) 32.2 31.5
Manufacturing value added (% of GDP) 18.5 16.7
Services value added (% of GDP) 61.2 62.4
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 26.9 25.4
Imports of goods and services (% of GDP) 24.7 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 43
Procedures to start a business (number) .. 8
Firing cost (weeks of wages) .. 40.1
Closing a business (years to resolve insolvency) .. 2.9
Total tax rate (% of profit) .. 43.0
Profit tax (% of commercial profits) 18.0
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 32,746 64,899
Private foreign direct investment, net (% of GDP) 3.0 2.4
Gross fixed capital formation (% of GDP) 18.8 20.7
Gross fixed private capital formation (% of GDP) .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -1.4 -0.6
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 45.3 60.6
Total financial system deposits (% of GDP) 34.6 47.4
Bank capital to asset ratio (%) 9.6 9.7
Bank nonperforming loans to total gross loans ratio (%) 8.1 4.2
Domestic credit to the private sector (% of GDP) 32.0 47.8
Real interest rate (%)
Interest rate spread (percentage points) 7.8 5.5

Infrastructure
Paved roads (% of total roads) 36.8 ..
Electric power consumption (kWh per capita) 2,469 3,001
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 10.8 100.6
Internet users (per 100 people) 3.8 34.6

The Little Data Book on Private Sector Development 2011 13


Low and middle income
2000 2009
Economic and social context
Population (millions) 5,033.9 5,658.7
Labor force (millions) 2,250.3 2,629.2
Unemployment rate (% of labor force) 5.3 6.5
GNI per capita, World Bank Atlas method ($) 1,128 2,968
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.1 6.4
Agriculture value added (% of GDP) 12.1 10.0
Industry value added (% of GDP) 35.1 34.7
Manufacturing value added (% of GDP) 21.2 20.8
Services value added (% of GDP) 52.8 55.2
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 27.0 26.9
Imports of goods and services (% of GDP) 25.5 26.4

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 39
Procedures to start a business (number) .. 8
Firing cost (weeks of wages) .. 55.7
Closing a business (years to resolve insolvency) .. 3.3
Total tax rate (% of profit) .. 51.1
Profit tax (% of commercial profits) 19.2
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 40,472 127,613
Private foreign direct investment, net (% of GDP) 2.6 2.2
Gross fixed capital formation (% of GDP) 22.5 27.2
Gross fixed private capital formation (% of GDP) 13.2 18.4

Finance and banking


Government cash surplus or deficit (% of GDP) -2.3 -1.5
Government debt (% of GDP) .. ..
Deposit money banks’ assets (% of GDP) 62.0 85.9
Total financial system deposits (% of GDP) 38.4 51.3
Bank capital to asset ratio (%) .. ..
Bank nonperforming loans to total gross loans ratio (%) 12.0 5.3
Domestic credit to the private sector (% of GDP) 49.4 72.0
Real interest rate (%)
Interest rate spread (percentage points) 8.7 6.8

Infrastructure
Paved roads (% of total roads) 24.3 ..
Electric power consumption (kWh per capita) 975 1,505
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 4.3 60.7
Internet users (per 100 people) 1.5 18.1

14 2011 The Little Data Book on Private Sector Development


Euro area
2000 2009
Economic and social context
Population (millions) 311.6 327.3
Labor force (millions) 143.9 158.5
Unemployment rate (% of labor force) 9.2 9.4
GNI per capita, World Bank Atlas method ($) 21,980 38,872
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.8 1.5
Agriculture value added (% of GDP) 2.5 1.5
Industry value added (% of GDP) 27.8 24.1
Manufacturing value added (% of GDP) 19.9 15.3
Services value added (% of GDP) 69.7 74.3
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 36.6 36.3
Imports of goods and services (% of GDP) 36.0 34.8

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 14
Procedures to start a business (number) .. 6
Firing cost (weeks of wages) .. 36.4
Closing a business (years to resolve insolvency) .. 1.7
Total tax rate (% of profit) .. 45.7
Profit tax (% of commercial profits) 13.5
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. ..
Private foreign direct investment, net (% of GDP) 11.6 3.0
Gross fixed capital formation (% of GDP) 21.4 19.5
Gross fixed private capital formation (% of GDP) .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 0.1 -5.2
Government debt (% of GDP) 58.9 69.9
Deposit money banks’ assets (% of GDP) 118.3 151.4
Total financial system deposits (% of GDP) 74.7 106.5
Bank capital to asset ratio (%) 6.4 6.5
Bank nonperforming loans to total gross loans ratio (%) 2.6 3.6
Domestic credit to the private sector (% of GDP) 97.7 133.1
Real interest rate (%)
Interest rate spread (percentage points) 4.2 3.5

Infrastructure
Paved roads (% of total roads) 91.8 100.0
Electric power consumption (kWh per capita) 6,363 6,970
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 60.3 123.2
Internet users (per 100 people) 22.8 67.3

The Little Data Book on Private Sector Development 2011 15


High income
2000 2009
Economic and social context
Population (millions) 1,051.1 1,116.6
Labor force (millions) 504.9 546.6
Unemployment rate (% of labor force) 6.5 8.1
GNI per capita, World Bank Atlas method ($) 25,241 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.1 2.0
Agriculture value added (% of GDP) 1.9 1.5
Industry value added (% of GDP) 27.7 25.0
Manufacturing value added (% of GDP) 18.8 15.9
Services value added (% of GDP) 70.5 73.5
Inflation (annual % change in consumer price index)
Exchange rate (local currency units per $)
Exports of goods and services (% of GDP) 23.8 23.6
Imports of goods and services (% of GDP) 24.3 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best)
Time to start a business (days) .. 18
Procedures to start a business (number) .. 6
Firing cost (weeks of wages) .. 37.9
Closing a business (years to resolve insolvency) .. 2.1
Total tax rate (% of profit) .. 38.6
Profit tax (% of commercial profits) 14.3
New businesses registered (thousands)
New business density (new regis. per working-age pop.)
Enterprise surveys
Time dealing with gov’t officials (% of management time)
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. ..
Private foreign direct investment, net (% of GDP) 5.6 2.0
Gross fixed capital formation (% of GDP) 21.5 18.0
Gross fixed private capital formation (% of GDP) .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 0.1 -7.7
Government debt (% of GDP) 54.2 55.7
Deposit money banks’ assets (% of GDP) 113.1 140.0
Total financial system deposits (% of GDP) 100.5 108.5
Bank capital to asset ratio (%) 7.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 4.4 3.4
Domestic credit to the private sector (% of GDP) 147.0 165.1
Real interest rate (%)
Interest rate spread (percentage points) 4.3 3.8

Infrastructure
Paved roads (% of total roads) 88.5 93.4
Electric power consumption (kWh per capita) 8,939 9,518
Power outages in a typical month (number)
Mobile cellular subscriptions (per 100 people) 49.9 111.2
Internet users (per 100 people) 30.5 72.3

16 2011 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. For more information,
see World Development Indicators 2011 or data.worldbank.org.

Georgia

GNI and GDP data and data calculated using GNI and GDP exclude Abkhazia
and South Ossetia. For more information, see World Development Indicators
2011 or data.worldbank.org.

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.
For more information, see World Development Indicators 2011 or data.world-
bank.org.

Morocco

GNI and GDP data and data calculated using GNI and GDP include Former
Spanish Sahara. For more information, see World Development Indicators
2011 or data.worldbank.org.

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.

Tanzania

GNI and GDP data and data calculated using GNI and GDP refer to mainland
Tanzania only. For more information, see World Development Indicators 2011
or data.worldbank.org.

The Little Data Book on Private Sector Development 2011 17


Afghanistan
South Asia Low income

Low-
Country data income
group
2000 2008 2008
Economic and social context
Population (millions) 23.6 29.8 846
Labor force (millions) 7.4 9.6 384
Unemployment rate (% of labor force) .. 8.5 ..
GNI per capita, World Bank Atlas method ($) .. 310 509
GDP growth, 1995–2000 and 2000–09 (average annual %) .. 10.5 5.4
Agriculture value added (% of GDP) 45.2 32.5 26.1
Industry value added (% of GDP) 19.7 22.1 24.4
Manufacturing value added (% of GDP) 15.0 13.3 12.4
Services value added (% of GDP) 35.1 45.4 49.5
Inflation (annual % change in consumer price index) .. -13.2
Exchange rate (local currency units per $) 47.4 50.2
Exports of goods and services (% of GDP) 30.6 15.6 23.2
Imports of goods and services (% of GDP) 61.6 47.7 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 167
Time to start a business (days) .. 7 41
Procedures to start a business (number) .. 4 8
Firing cost (weeks of wages) .. 30.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 36.4 76.5
Profit tax (% of commercial profits) .. 0.0 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 70 60 4,779
Private foreign direct investment, net (% of GDP) 0.0 1.3 2.7
Gross fixed capital formation (% of GDP) 11.6 25.0 22.9
Gross fixed private capital formation (% of GDP) 1.1 8.7 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. 0.2 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 31.8
Total financial system deposits (% of GDP) .. .. 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. 9.1 26.3
Real interest rate (%) .. 36.1
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) .. 29.3 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 20.3
Mobile cellular subscriptions (per 100 people) 0.0 40.3 26.6
Internet users (per 100 people) 0.0 3.4 2.7

18 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Albania
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.1 3.2 1,002
Labor force (millions) 1.3 1.4 458
Unemployment rate (% of labor force) 22.7 12.7 9.1
GNI per capita, World Bank Atlas method ($) 1,170 4,000 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.2 5.4 4.4
Agriculture value added (% of GDP) 29.1 20.8 6.2
Industry value added (% of GDP) 19.0 19.7 31.5
Manufacturing value added (% of GDP) 11.4 19.7 16.7
Services value added (% of GDP) 51.9 59.5 62.4
Inflation (annual % change in consumer price index) 0.1 2.3
Exchange rate (local currency units per $) 143.7 95.0
Exports of goods and services (% of GDP) 19.1 28.7 25.4
Imports of goods and services (% of GDP) 37.5 54.4 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 82
Time to start a business (days) .. 5 43
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 56.0 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. 40.6 43.0
Profit tax (% of commercial profits) .. 8.5 18.0
New businesses registered (thousands) .. 2.0
New business density (new regis. per working-age pop.) .. 0.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) 11.4 18.7
Firms expected to give gifts in meetings w/tax officials (%) 83.8 22.4
Firms using banks to finance investments (% of firms) 10.4 12.4
Delay in obtaining an electrical connection (days) 27.4 41.7
ISO certification ownership (% of firms) 14.0 24.6

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 102 1,003 64,899
Private foreign direct investment, net (% of GDP) 3.9 8.1 2.4
Gross fixed capital formation (% of GDP) 24.7 29.0 20.7
Gross fixed private capital formation (% of GDP) 18.1 20.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -6.7 -3.0 -0.6
Government debt (% of GDP) 51.9 .. ..
Deposit money banks’ assets (% of GDP) 34.8 62.0 60.6
Total financial system deposits (% of GDP) 43.8 57.9 47.4
Bank capital to asset ratio (%) .. 8.7 9.7
Bank nonperforming loans to total gross loans ratio (%) .. 10.5 4.2
Domestic credit to the private sector (% of GDP) 4.7 37.0 47.8
Real interest rate (%) 17.0 10.1
Interest rate spread (percentage points) 13.8 5.9 5.5

Infrastructure
Paved roads (% of total roads) 39.0 .. 36.8
Electric power consumption (kWh per capita) 1,218 1,372 3,001
Power outages in a typical month (number) .. 37.8
Mobile cellular subscriptions (per 100 people) 1.0 131.9 100.6
Internet users (per 100 people) 0.1 41.2 34.6

The Little Data Book on Private Sector Development 2011 19


Algeria
Middle East & North Africa Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 30.5 34.9 1,002
Labor force (millions) 11.1 14.8 458
Unemployment rate (% of labor force) 29.8 11.3 9.1
GNI per capita, World Bank Atlas method ($) 1,610 4,420 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.2 4.0 4.4
Agriculture value added (% of GDP) 8.9 11.7 6.2
Industry value added (% of GDP) 58.6 54.5 31.5
Manufacturing value added (% of GDP) 7.5 6.1 16.7
Services value added (% of GDP) 32.5 33.7 62.4
Inflation (annual % change in consumer price index) 0.3 5.7
Exchange rate (local currency units per $) 75.3 72.6
Exports of goods and services (% of GDP) 41.2 40.4 25.4
Imports of goods and services (% of GDP) 21.4 36.1 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 136
Time to start a business (days) .. 24 43
Procedures to start a business (number) .. 14 8
Firing cost (weeks of wages) .. 17.0 40.1
Closing a business (years to resolve insolvency) .. 2.5 2.9
Total tax rate (% of profit) .. 72.0 43.0
Profit tax (% of commercial profits) .. 6.6 18.0
New businesses registered (thousands) .. 10.5
New business density (new regis. per working-age pop.) .. 0.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 25.1
Firms expected to give gifts in meetings w/tax officials (%) .. 15.0
Firms using banks to finance investments (% of firms) 27.6 8.9
Delay in obtaining an electrical connection (days) 124.9 49.1
ISO certification ownership (% of firms) .. 5.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 472 974 64,899
Private foreign direct investment, net (% of GDP) 0.8 2.0 2.4
Gross fixed capital formation (% of GDP) 20.7 33.0 20.7
Gross fixed private capital formation (% of GDP) 12.9 33.0 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -4.4 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 33.4 35.0 60.6
Total financial system deposits (% of GDP) 26.1 47.2 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 6.0 16.2 47.8
Real interest rate (%) -11.7 19.2
Interest rate spread (percentage points) 2.5 6.3 5.5

Infrastructure
Paved roads (% of total roads) 68.9 73.5 36.8
Electric power consumption (kWh per capita) 695 957 3,001
Power outages in a typical month (number) .. 4.8
Mobile cellular subscriptions (per 100 people) 0.3 93.8 100.6
Internet users (per 100 people) 0.5 13.5 34.6

20 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
American Samoa Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.06 0.07 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) 5.1 .. 9.1
GNI per capita, World Bank Atlas method ($) .. .. 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 4.4
Agriculture value added (% of GDP) .. .. 6.2
Industry value added (% of GDP) .. .. 31.5
Manufacturing value added (% of GDP) .. .. 16.7
Services value added (% of GDP) .. .. 62.4
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 25.4
Imports of goods and services (% of GDP) .. .. 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 43
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. .. 43.0
Profit tax (% of commercial profits) .. .. 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 64,899
Private foreign direct investment, net (% of GDP) .. .. 2.4
Gross fixed capital formation (% of GDP) .. .. 20.7
Gross fixed private capital formation (% of GDP) .. .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 60.6
Total financial system deposits (% of GDP) .. .. 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) .. .. 47.8
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.5

Infrastructure
Paved roads (% of total roads) .. .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 3.5 3.6 100.6
Internet users (per 100 people) .. .. 34.6

The Little Data Book on Private Sector Development 2011 21


Andorra High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) .. 0.09 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) .. 41,130 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.6 5.9 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. 76.6 111.2
Internet users (per 100 people) .. 70.5 72.3

22 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Angola
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 14.3 18.5 3,811
Labor force (millions) 6.2 8.3 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 410 3,750 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.3 13.1 8.5
Agriculture value added (% of GDP) 5.7 10.2 13.3
Industry value added (% of GDP) 72.1 59.0 38.9
Manufacturing value added (% of GDP) 2.9 6.1 25.8
Services value added (% of GDP) 22.2 30.8 47.7
Inflation (annual % change in consumer price index) 325.0 13.7
Exchange rate (local currency units per $) 10.0 79.3
Exports of goods and services (% of GDP) 89.6 52.2 28.9
Imports of goods and services (% of GDP) 62.8 46.2 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 163
Time to start a business (days) .. 68 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 58.0 57.7
Closing a business (years to resolve insolvency) .. 6.2 3.3
Total tax rate (% of profit) .. 53.2 40.2
Profit tax (% of commercial profits) .. 24.6 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.1
Firms expected to give gifts in meetings w/tax officials (%) .. 14.8
Firms using banks to finance investments (% of firms) .. 2.1
Delay in obtaining an electrical connection (days) .. 60.2
ISO certification ownership (% of firms) .. 5.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 68 354 41,477
Private foreign direct investment, net (% of GDP) 9.6 2.9 2.0
Gross fixed capital formation (% of GDP) 15.1 14.8 34.9
Gross fixed private capital formation (% of GDP) 8.9 2.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 2.2 26.0 107.6
Total financial system deposits (% of GDP) 13.9 20.2 54.9
Bank capital to asset ratio (%) 10.6 .. 10.0
Bank nonperforming loans to total gross loans ratio (%) 10.4 .. 5.1
Domestic credit to the private sector (% of GDP) 2.0 21.2 92.9
Real interest rate (%) -60.8 22.8
Interest rate spread (percentage points) 63.6 8.1 7.3

Infrastructure
Paved roads (% of total roads) 10.4 .. 36.3
Electric power consumption (kWh per capita) 86 189 1,318
Power outages in a typical month (number) .. 7.6
Mobile cellular subscriptions (per 100 people) 0.2 43.8 57.8
Internet users (per 100 people) 0.1 3.3 17.2

The Little Data Book on Private Sector Development 2011 23


Antigua and Barbuda
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.08 0.09 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) 8.4 .. 9.1
GNI per capita, World Bank Atlas method ($) 7,960 12,130 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 5.2 4.4
Agriculture value added (% of GDP) 3.9 3.6 6.2
Industry value added (% of GDP) 19.8 28.1 31.5
Manufacturing value added (% of GDP) 2.3 1.8 16.7
Services value added (% of GDP) 76.3 68.4 62.4
Inflation (annual % change in consumer price index) 0.5 2.4
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 70.3 47.5 25.4
Imports of goods and services (% of GDP) 75.1 68.2 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 64
Time to start a business (days) .. 21 43
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 52.0 40.1
Closing a business (years to resolve insolvency) .. 3.0 2.9
Total tax rate (% of profit) .. 41.5 43.0
Profit tax (% of commercial profits) .. 26.0 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 64,899
Private foreign direct investment, net (% of GDP) 6.5 11.4 2.4
Gross fixed capital formation (% of GDP) 48.1 75.8 20.7
Gross fixed private capital formation (% of GDP) 24.9 .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 93.6 105.1 60.6
Total financial system deposits (% of GDP) 93.5 103.1 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 72.9 80.6 47.8
Real interest rate (%) 11.7 7.1
Interest rate spread (percentage points) 7.0 6.6 5.5

Infrastructure
Paved roads (% of total roads) 33.0 .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 28.5 154.0 100.6
Internet users (per 100 people) 6.5 74.2 34.6

24 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Argentina
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 36.9 40.3 1,002
Labor force (millions) 16.3 19.6 458
Unemployment rate (% of labor force) 15.0 8.6 9.1
GNI per capita, World Bank Atlas method ($) 7,460 7,550 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.7 5.4 4.4
Agriculture value added (% of GDP) 5.0 7.5 6.2
Industry value added (% of GDP) 27.6 31.8 31.5
Manufacturing value added (% of GDP) 17.5 21.2 16.7
Services value added (% of GDP) 67.4 60.7 62.4
Inflation (annual % change in consumer price index) -0.9 6.3
Exchange rate (local currency units per $) 1.0 3.7
Exports of goods and services (% of GDP) 10.9 21.4 25.4
Imports of goods and services (% of GDP) 11.5 16.0 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 115
Time to start a business (days) .. 26 43
Procedures to start a business (number) .. 14 8
Firing cost (weeks of wages) .. 95.0 40.1
Closing a business (years to resolve insolvency) .. 2.8 2.9
Total tax rate (% of profit) .. 108.2 43.0
Profit tax (% of commercial profits) .. 2.8 18.0
New businesses registered (thousands) .. 11.9
New business density (new regis. per working-age pop.) .. 0.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 13.8
Firms expected to give gifts in meetings w/tax officials (%) .. 4.3
Firms using banks to finance investments (% of firms) .. 6.9
Delay in obtaining an electrical connection (days) .. 45.9
ISO certification ownership (% of firms) .. 26.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 4,863 1,670 64,899
Private foreign direct investment, net (% of GDP) 3.7 1.3 2.4
Gross fixed capital formation (% of GDP) 16.2 20.9 20.7
Gross fixed private capital formation (% of GDP) 15.2 20.4 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -5.7 -0.5 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 33.2 23.0 60.6
Total financial system deposits (% of GDP) 27.5 20.2 47.4
Bank capital to asset ratio (%) .. 13.3 9.7
Bank nonperforming loans to total gross loans ratio (%) 16.0 3.0 4.2
Domestic credit to the private sector (% of GDP) 23.9 13.5 47.8
Real interest rate (%) 9.9 5.2
Interest rate spread (percentage points) 2.7 4.1 5.5

Infrastructure
Paved roads (% of total roads) 29.4 30.0 36.8
Electric power consumption (kWh per capita) 2,085 2,789 3,001
Power outages in a typical month (number) .. 1.1
Mobile cellular subscriptions (per 100 people) 17.6 128.8 100.6
Internet users (per 100 people) 7.0 30.4 34.6

The Little Data Book on Private Sector Development 2011 25


Armenia
Europe & Central Asia Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.1 3.1 3,811
Labor force (millions) 1.5 1.6 1,787
Unemployment rate (% of labor force) 35.9 28.6 5.3
GNI per capita, World Bank Atlas method ($) 660 3,100 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.1 10.5 8.5
Agriculture value added (% of GDP) 25.5 20.7 13.3
Industry value added (% of GDP) 35.4 34.6 38.9
Manufacturing value added (% of GDP) 24.1 15.7 25.8
Services value added (% of GDP) 39.0 44.8 47.7
Inflation (annual % change in consumer price index) -0.8 3.4
Exchange rate (local currency units per $) 539.5 363.3
Exports of goods and services (% of GDP) 23.4 12.0 28.9
Imports of goods and services (% of GDP) 50.5 36.5 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 48
Time to start a business (days) .. 15 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 13.0 57.7
Closing a business (years to resolve insolvency) .. 1.9 3.3
Total tax rate (% of profit) .. 40.7 40.2
Profit tax (% of commercial profits) .. 16.6 16.3
New businesses registered (thousands) .. 2.7
New business density (new regis. per working-age pop.) .. 1.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) 1.9 10.3
Firms expected to give gifts in meetings w/tax officials (%) 33.7 13.3
Firms using banks to finance investments (% of firms) 5.3 31.9
Delay in obtaining an electrical connection (days) 2.3 16.3
ISO certification ownership (% of firms) 12.6 26.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 33 199 41,477
Private foreign direct investment, net (% of GDP) 5.5 8.9 2.0
Gross fixed capital formation (% of GDP) 18.4 30.8 34.9
Gross fixed private capital formation (% of GDP) 15.9 25.6 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. -7.5 -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 11.6 24.6 107.6
Total financial system deposits (% of GDP) 8.9 17.4 54.9
Bank capital to asset ratio (%) 14.3 21.0 10.0
Bank nonperforming loans to total gross loans ratio (%) 17.5 4.8 5.1
Domestic credit to the private sector (% of GDP) 9.9 23.1 92.9
Real interest rate (%) 33.4 17.1
Interest rate spread (percentage points) 13.5 10.1 7.3

Infrastructure
Paved roads (% of total roads) 96.8 90.5 36.3
Electric power consumption (kWh per capita) 1,295 1,578 1,318
Power outages in a typical month (number) .. 2.2
Mobile cellular subscriptions (per 100 people) 0.6 85.0 57.8
Internet users (per 100 people) 1.3 6.8 17.2

26 2011 The Little Data Book on Private Sector Development


Aruba
High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.09 0.11 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 6.9 5.7 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) 4.0 -2.1
Exchange rate (local currency units per $) 1.8 1.8
Exports of goods and services (% of GDP) 69.9 .. 23.6
Imports of goods and services (% of GDP) 91.2 .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) -6.9 .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 46.1 57.0 140.0
Total financial system deposits (% of GDP) 47.9 63.6 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 45.2 57.0 165.1
Real interest rate (%) 7.7 9.8
Interest rate spread (percentage points) 5.9 7.4 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 16.5 120.2 111.2
Internet users (per 100 people) 15.4 22.5 72.3

The Little Data Book on Private Sector Development 2011 27


Australia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 19.2 21.9 1,117
Labor force (millions) 9.6 11.5 547
Unemployment rate (% of labor force) 6.3 5.6 8.1
GNI per capita, World Bank Atlas method ($) 21,260 43,770 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 3.3 2.0
Agriculture value added (% of GDP) 3.5 2.5 1.5
Industry value added (% of GDP) 26.9 29.1 25.0
Manufacturing value added (% of GDP) 13.2 10.5 15.9
Services value added (% of GDP) 69.6 68.4 73.5
Inflation (annual % change in consumer price index) 4.5 1.8
Exchange rate (local currency units per $) 1.7 1.3
Exports of goods and services (% of GDP) 19.3 19.8 23.6
Imports of goods and services (% of GDP) 21.3 21.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 10
Time to start a business (days) .. 2 18
Procedures to start a business (number) .. 2 6
Firing cost (weeks of wages) .. 4.0 37.9
Closing a business (years to resolve insolvency) .. 1.0 2.1
Total tax rate (% of profit) .. 47.9 38.6
Profit tax (% of commercial profits) .. 25.9 14.3
New businesses registered (thousands) .. 90.0
New business density (new regis. per working-age pop.) .. 6.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 3.3 2.4 2.0
Gross fixed capital formation (% of GDP) 24.1 27.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 2.0 -2.4 -7.7
Government debt (% of GDP) 29.5 24.1 55.7
Deposit money banks’ assets (% of GDP) 87.7 131.4 140.0
Total financial system deposits (% of GDP) 61.1 96.6 108.5
Bank capital to asset ratio (%) 6.9 5.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.5 1.2 3.4
Domestic credit to the private sector (% of GDP) 87.4 127.8 165.1
Real interest rate (%) 6.5 1.0
Interest rate spread (percentage points) 5.1 3.2 3.8

Infrastructure
Paved roads (% of total roads) 38.7 .. 93.4
Electric power consumption (kWh per capita) 10,194 11,217 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 44.7 110.7 111.2
Internet users (per 100 people) 46.8 72.0 72.3

28 2011 The Little Data Book on Private Sector Development


Austria High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.0 8.4 1,117
Labor force (millions) 3.9 4.3 547
Unemployment rate (% of labor force) 3.5 4.8 8.1
GNI per capita, World Bank Atlas method ($) 25,840 46,450 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.0 2.0 2.0
Agriculture value added (% of GDP) 2.0 1.5 1.5
Industry value added (% of GDP) 30.8 29.2 25.0
Manufacturing value added (% of GDP) 20.6 18.6 15.9
Services value added (% of GDP) 67.2 69.3 73.5
Inflation (annual % change in consumer price index) 2.4 0.5
Exchange rate (local currency units per $) 12.4 ..
Exports of goods and services (% of GDP) 46.4 50.5 23.6
Imports of goods and services (% of GDP) 44.7 46.0 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 32
Time to start a business (days) .. 28 18
Procedures to start a business (number) .. 8 6
Firing cost (weeks of wages) .. 2.0 37.9
Closing a business (years to resolve insolvency) .. 1.1 2.1
Total tax rate (% of profit) .. 55.5 38.6
Profit tax (% of commercial profits) .. 15.7 14.3
New businesses registered (thousands) .. 3.2
New business density (new regis. per working-age pop.) .. 0.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 4.5 2.3 2.0
Gross fixed capital formation (% of GDP) 24.0 21.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -2.0 -2.6 -7.7
Government debt (% of GDP) 65.9 70.7 55.7
Deposit money banks’ assets (% of GDP) 125.1 139.7 140.0
Total financial system deposits (% of GDP) 80.8 100.8 108.5
Bank capital to asset ratio (%) 5.2 7.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.4 2.3 3.4
Domestic credit to the private sector (% of GDP) 103.1 126.9 165.1
Real interest rate (%) 5.2 ..
Interest rate spread (percentage points) 3.4 .. 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 7,109 8,218 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 76.4 140.8 111.2
Internet users (per 100 people) 33.7 73.5 72.3

The Little Data Book on Private Sector Development 2011 29


Azerbaijan
Europe & Central Asia Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.0 8.8 1,002
Labor force (millions) 3.5 4.2 458
Unemployment rate (% of labor force) 16.3 6.1 9.1
GNI per capita, World Bank Atlas method ($) 610 4,840 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.3 17.9 4.4
Agriculture value added (% of GDP) 17.1 8.2 6.2
Industry value added (% of GDP) 45.3 60.0 31.5
Manufacturing value added (% of GDP) 5.6 4.5 16.7
Services value added (% of GDP) 37.5 31.8 62.4
Inflation (annual % change in consumer price index) 1.8 1.4
Exchange rate (local currency units per $) 0.9 0.8
Exports of goods and services (% of GDP) 39.0 52.5 25.4
Imports of goods and services (% of GDP) 38.4 24.8 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 54
Time to start a business (days) .. 8 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 22.0 40.1
Closing a business (years to resolve insolvency) .. 2.7 2.9
Total tax rate (% of profit) .. 40.9 43.0
Profit tax (% of commercial profits) .. 13.8 18.0
New businesses registered (thousands) .. 5.3
New business density (new regis. per working-age pop.) .. 0.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) 3.0 3.0
Firms expected to give gifts in meetings w/tax officials (%) 61.1 43.2
Firms using banks to finance investments (% of firms) 4.6 19.0
Delay in obtaining an electrical connection (days) 6.0 9.7
ISO certification ownership (% of firms) 12.1 18.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 61 208 64,899
Private foreign direct investment, net (% of GDP) 2.5 1.1 2.4
Gross fixed capital formation (% of GDP) 23.1 21.9 20.7
Gross fixed private capital formation (% of GDP) 20.1 9.4 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. 0.4 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 10.5 24.7 60.6
Total financial system deposits (% of GDP) 10.6 12.3 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) 28.0 .. 4.2
Domestic credit to the private sector (% of GDP) 5.9 19.6 47.8
Real interest rate (%) 6.4 44.2
Interest rate spread (percentage points) 6.8 7.8 5.5

Infrastructure
Paved roads (% of total roads) .. 50.6 36.8
Electric power consumption (kWh per capita) 2,040 2,317 3,001
Power outages in a typical month (number) .. 2.9
Mobile cellular subscriptions (per 100 people) 5.2 88.3 100.6
Internet users (per 100 people) 0.1 42.0 34.6

30 2011 The Little Data Book on Private Sector Development


Bahamas, The High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.30 0.34 1,117
Labor force (millions) 0.16 0.19 547
Unemployment rate (% of labor force) 6.9 14.2 8.1
GNI per capita, World Bank Atlas method ($) 17,040 21,390 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.5 1.3 2.0
Agriculture value added (% of GDP) 2.0 1.6 1.5
Industry value added (% of GDP) 19.3 19.7 25.0
Manufacturing value added (% of GDP) 5.4 4.5 15.9
Services value added (% of GDP) 78.7 78.7 73.5
Inflation (annual % change in consumer price index) 1.6 2.1
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) 43.3 45.3 23.6
Imports of goods and services (% of GDP) 51.9 68.1 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 77
Time to start a business (days) .. 31 18
Procedures to start a business (number) .. 7 6
Firing cost (weeks of wages) .. 26.0 37.9
Closing a business (years to resolve insolvency) .. 5.0 2.1
Total tax rate (% of profit) .. 46.1 38.6
Profit tax (% of commercial profits) .. 0.0 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 4.5 9.9 2.0
Gross fixed capital formation (% of GDP) 33.8 37.8 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 0.4 -1.1 -7.7
Government debt (% of GDP) 27.4 34.1 55.7
Deposit money banks’ assets (% of GDP) 70.2 97.4 140.0
Total financial system deposits (% of GDP) 59.7 75.2 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 65.5 86.0 165.1
Real interest rate (%) 3.0 3.1
Interest rate spread (percentage points) 1.9 1.7 3.8

Infrastructure
Paved roads (% of total roads) 57.4 .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 10.3 105.0 111.2
Internet users (per 100 people) 4.3 33.9 72.3

The Little Data Book on Private Sector Development 2011 31


Bahrain High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.65 0.79 1,117
Labor force (millions) 0.30 0.37 547
Unemployment rate (% of labor force) 5.5 .. 8.1
GNI per capita, World Bank Atlas method ($) 10,740 25,420 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.3 6.6 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) -0.7 2.8
Exchange rate (local currency units per $) 0.4 0.4
Exports of goods and services (% of GDP) 89.4 96.8 23.6
Imports of goods and services (% of GDP) 64.4 74.3 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 28
Time to start a business (days) .. 9 18
Procedures to start a business (number) .. 7 6
Firing cost (weeks of wages) .. 4.0 37.9
Closing a business (years to resolve insolvency) .. 2.5 2.1
Total tax rate (% of profit) .. 15.0 38.6
Profit tax (% of commercial profits) .. 0.0 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 4.6 1.2 2.0
Gross fixed capital formation (% of GDP) 13.5 31.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 8.5 6.4 -7.7
Government debt (% of GDP) 29.3 14.7 55.7
Deposit money banks’ assets (% of GDP) 56.8 95.2 140.0
Total financial system deposits (% of GDP) 67.1 87.2 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 46.1 79.6 165.1
Real interest rate (%) -2.4 -3.0
Interest rate spread (percentage points) 5.8 6.4 3.8

Infrastructure
Paved roads (% of total roads) 77.6 81.5 93.4
Electric power consumption (kWh per capita) 8,831 13,144 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 31.6 199.4 111.2
Internet users (per 100 people) 6.2 82.0 72.3

32 2011 The Little Data Book on Private Sector Development


South Asia
Bangladesh Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 140.8 162.2 846
Labor force (millions) 62.8 78.6 384
Unemployment rate (% of labor force) 3.3 4.3 ..
GNI per capita, World Bank Atlas method ($) 350 580 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.2 5.9 5.4
Agriculture value added (% of GDP) 25.5 18.7 26.1
Industry value added (% of GDP) 25.3 28.7 24.4
Manufacturing value added (% of GDP) 15.2 17.9 12.4
Services value added (% of GDP) 49.2 52.6 49.5
Inflation (annual % change in consumer price index) 2.2 5.4
Exchange rate (local currency units per $) 52.1 69.0
Exports of goods and services (% of GDP) 14.0 19.4 23.2
Imports of goods and services (% of GDP) 19.2 26.6 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 107
Time to start a business (days) .. 19 41
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 104.0 71.0
Closing a business (years to resolve insolvency) .. 4.0 3.7
Total tax rate (% of profit) .. 35.0 76.5
Profit tax (% of commercial profits) .. 25.7 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) 3.7 3.2
Firms expected to give gifts in meetings w/tax officials (%) 85.8 54.4
Firms using banks to finance investments (% of firms) 56.5 24.7
Delay in obtaining an electrical connection (days) 79.6 50.3
ISO certification ownership (% of firms) .. 7.8

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 93 437 4,779
Private foreign direct investment, net (% of GDP) 0.6 0.8 2.7
Gross fixed capital formation (% of GDP) 23.0 24.4 22.9
Gross fixed private capital formation (% of GDP) 15.6 19.7 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -0.7 -1.7 -1.4
Government debt (% of GDP) 36.2 36.2 ..
Deposit money banks’ assets (% of GDP) 32.4 58.2 31.8
Total financial system deposits (% of GDP) 29.8 48.1 30.6
Bank capital to asset ratio (%) 3.5 6.5 ..
Bank nonperforming loans to total gross loans ratio (%) 34.9 11.2 ..
Domestic credit to the private sector (% of GDP) 24.7 41.5 26.3
Real interest rate (%) 13.4 7.6
Interest rate spread (percentage points) 6.9 6.4 11.5

Infrastructure
Paved roads (% of total roads) 9.5 9.5 12.0
Electric power consumption (kWh per capita) 95 208 231
Power outages in a typical month (number) .. 101.6
Mobile cellular subscriptions (per 100 people) 0.2 31.1 26.6
Internet users (per 100 people) 0.1 0.4 2.7

The Little Data Book on Private Sector Development 2011 33


Barbados High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.25 0.26 1,117
Labor force (millions) 0.14 0.15 547
Unemployment rate (% of labor force) 9.3 8.1 8.1
GNI per capita, World Bank Atlas method ($) 9,670 .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.7 .. 2.0
Agriculture value added (% of GDP) 4.3 3.8 1.5
Industry value added (% of GDP) 16.3 18.4 25.0
Manufacturing value added (% of GDP) 6.4 7.3 15.9
Services value added (% of GDP) 79.4 77.9 73.5
Inflation (annual % change in consumer price index) 2.4 3.6
Exchange rate (local currency units per $) 2.0 2.0
Exports of goods and services (% of GDP) 50.5 60.6 23.6
Imports of goods and services (% of GDP) 57.0 64.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.8 8.3 2.0
Gross fixed capital formation (% of GDP) 18.4 22.4 18.0
Gross fixed private capital formation (% of GDP) 16.2 24.0 ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. -5.6 -7.7
Government debt (% of GDP) .. 92.7 55.7
Deposit money banks’ assets (% of GDP) 68.7 114.1 140.0
Total financial system deposits (% of GDP) 63.1 130.3 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 57.3 102.9 165.1
Real interest rate (%) 9.4 ..
Interest rate spread (percentage points) 5.2 6.3 3.8

Infrastructure
Paved roads (% of total roads) 98.6 100.0 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 11.3 131.7 111.2
Internet users (per 100 people) 4.0 56.1 72.3

34 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Belarus
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.0 9.7 1,002
Labor force (millions) 4.8 5.0 458
Unemployment rate (% of labor force) .. .. 9.1
GNI per capita, World Bank Atlas method ($) 1,380 5,560 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.7 8.4 4.4
Agriculture value added (% of GDP) 14.2 9.6 6.2
Industry value added (% of GDP) 39.2 42.5 31.5
Manufacturing value added (% of GDP) 31.6 30.0 16.7
Services value added (% of GDP) 46.7 47.9 62.4
Inflation (annual % change in consumer price index) 168.6 12.9
Exchange rate (local currency units per $) 876.8 2,789.5
Exports of goods and services (% of GDP) 69.2 50.7 25.4
Imports of goods and services (% of GDP) 72.4 62.1 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 68
Time to start a business (days) .. 5 43
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 22.0 40.1
Closing a business (years to resolve insolvency) .. 5.8 2.9
Total tax rate (% of profit) .. 80.4 43.0
Profit tax (% of commercial profits) .. 22.0 18.0
New businesses registered (thousands) .. 5.5
New business density (new regis. per working-age pop.) .. 0.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) 6.2 13.6
Firms expected to give gifts in meetings w/tax officials (%) 34.5 6.4
Firms using banks to finance investments (% of firms) 11.4 35.8
Delay in obtaining an electrical connection (days) 14.7 15.2
ISO certification ownership (% of firms) 10.6 13.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 39 833 64,899
Private foreign direct investment, net (% of GDP) 0.9 3.8 2.4
Gross fixed capital formation (% of GDP) 25.2 36.9 20.7
Gross fixed private capital formation (% of GDP) 22.7 28.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) 0.1 0.2 -0.6
Government debt (% of GDP) 15.0 18.1 ..
Deposit money banks’ assets (% of GDP) 18.2 44.3 60.6
Total financial system deposits (% of GDP) 14.9 24.0 47.4
Bank capital to asset ratio (%) 15.1 16.6 9.7
Bank nonperforming loans to total gross loans ratio (%) 10.8 4.2 4.2
Domestic credit to the private sector (% of GDP) 8.9 37.3 47.8
Real interest rate (%) -41.2 7.5
Interest rate spread (percentage points) 30.1 1.0 5.5

Infrastructure
Paved roads (% of total roads) 95.6 88.6 36.8
Electric power consumption (kWh per capita) 2,989 3,427 3,001
Power outages in a typical month (number) .. 1.4
Mobile cellular subscriptions (per 100 people) 0.5 100.2 100.6
Internet users (per 100 people) 1.9 45.9 34.6

The Little Data Book on Private Sector Development 2011 35


Belgium High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.3 10.8 1,117
Labor force (millions) 4.4 4.8 547
Unemployment rate (% of labor force) 6.6 7.9 8.1
GNI per capita, World Bank Atlas method ($) 25,400 45,270 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.9 1.7 2.0
Agriculture value added (% of GDP) 1.4 0.7 1.5
Industry value added (% of GDP) 27.0 21.7 25.0
Manufacturing value added (% of GDP) 19.3 14.0 15.9
Services value added (% of GDP) 71.6 77.6 73.5
Inflation (annual % change in consumer price index) 2.5 -0.1
Exchange rate (local currency units per $) 36.3 ..
Exports of goods and services (% of GDP) 78.2 73.0 23.6
Imports of goods and services (% of GDP) 75.3 70.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 25
Time to start a business (days) .. 4 18
Procedures to start a business (number) .. 3 6
Firing cost (weeks of wages) .. 16.0 37.9
Closing a business (years to resolve insolvency) .. 0.9 2.1
Total tax rate (% of profit) .. 57.0 38.6
Profit tax (% of commercial profits) .. 4.8 14.3
New businesses registered (thousands) .. 29.5
New business density (new regis. per working-age pop.) .. 4.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 92.5 -8.2 2.0
Gross fixed capital formation (% of GDP) 21.1 21.3 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 0.0 -5.1 -7.7
Government debt (% of GDP) 106.8 92.4 55.7
Deposit money banks’ assets (% of GDP) 125.2 118.6 140.0
Total financial system deposits (% of GDP) 82.4 105.6 108.5
Bank capital to asset ratio (%) 2.8 4.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.8 2.7 3.4
Domestic credit to the private sector (% of GDP) 77.9 97.9 165.1
Real interest rate (%) 5.9 7.1
Interest rate spread (percentage points) 4.4 5.2 3.8

Infrastructure
Paved roads (% of total roads) 78.2 78.2 93.4
Electric power consumption (kWh per capita) 8,247 8,523 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 54.9 115.1 111.2
Internet users (per 100 people) 29.3 75.2 72.3

36 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Belize
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.25 0.33 3,811
Labor force (millions) 0.09 0.14 1,787
Unemployment rate (% of labor force) 9.1 8.2 5.3
GNI per capita, World Bank Atlas method ($) 3,110 3,740 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.8 4.2 8.5
Agriculture value added (% of GDP) 16.7 12.2 13.3
Industry value added (% of GDP) 21.2 22.8 38.9
Manufacturing value added (% of GDP) 10.9 14.3 25.8
Services value added (% of GDP) 62.1 65.1 47.7
Inflation (annual % change in consumer price index) 0.6 -1.1
Exchange rate (local currency units per $) 2.0 2.0
Exports of goods and services (% of GDP) 53.0 62.1 28.9
Imports of goods and services (% of GDP) 73.7 70.0 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 99
Time to start a business (days) .. 44 35
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 24.0 57.7
Closing a business (years to resolve insolvency) .. 1.0 3.3
Total tax rate (% of profit) .. 33.2 40.2
Profit tax (% of commercial profits) .. 24.7 16.3
New businesses registered (thousands) .. 0.5
New business density (new regis. per working-age pop.) .. 3.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 18 22 41,477
Private foreign direct investment, net (% of GDP) 2.8 7.0 2.0
Gross fixed capital formation (% of GDP) 28.7 25.5 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -2.9 .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 46.7 69.6 107.6
Total financial system deposits (% of GDP) 48.0 71.6 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 40.8 65.9 92.9
Real interest rate (%) 15.5 14.5
Interest rate spread (percentage points) 8.3 5.7 7.3

Infrastructure
Paved roads (% of total roads) 17.0 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 6.7 48.6 57.8
Internet users (per 100 people) 6.0 10.8 17.2

The Little Data Book on Private Sector Development 2011 37


Benin
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 6.7 8.9 846
Labor force (millions) 2.7 3.7 384
Unemployment rate (% of labor force) 0.7 .. ..
GNI per capita, World Bank Atlas method ($) 360 750 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.3 4.0 5.4
Agriculture value added (% of GDP) 36.5 32.2 26.1
Industry value added (% of GDP) 13.9 13.4 24.4
Manufacturing value added (% of GDP) 8.8 7.5 12.4
Services value added (% of GDP) 49.6 54.4 49.5
Inflation (annual % change in consumer price index) 4.2 2.2
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 15.2 13.8 23.2
Imports of goods and services (% of GDP) 28.1 28.2 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 170
Time to start a business (days) .. 31 41
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 36.0 71.0
Closing a business (years to resolve insolvency) .. 4.0 3.7
Total tax rate (% of profit) .. 66.0 76.5
Profit tax (% of commercial profits) .. 14.8 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 20.7
Firms expected to give gifts in meetings w/tax officials (%) .. 26.8
Firms using banks to finance investments (% of firms) .. 4.2
Delay in obtaining an electrical connection (days) .. 86.8
ISO certification ownership (% of firms) .. 7.3

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 90 127 4,779
Private foreign direct investment, net (% of GDP) 2.6 1.4 2.7
Gross fixed capital formation (% of GDP) 18.9 25.0 22.9
Gross fixed private capital formation (% of GDP) 11.3 15.4 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) 0.7 -4.5 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 13.1 20.2 31.8
Total financial system deposits (% of GDP) 15.6 21.8 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 12.1 22.2 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 20.0 9.5 12.0
Electric power consumption (kWh per capita) 60 76 231
Power outages in a typical month (number) .. 13.9
Mobile cellular subscriptions (per 100 people) 0.8 56.3 26.6
Internet users (per 100 people) 0.2 2.2 2.7

38 2011 The Little Data Book on Private Sector Development


Bermuda High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.06 0.06 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 2.7 .. 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.6 3.2 2.0
Agriculture value added (% of GDP) 0.7 0.8 1.5
Industry value added (% of GDP) 9.2 7.5 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) 90.1 91.7 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) .. 26.3 23.6
Imports of goods and services (% of GDP) .. 36.1 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 20.9 132.0 111.2
Internet users (per 100 people) 43.5 83.9 72.3

The Little Data Book on Private Sector Development 2011 39


Bhutan
South Asia Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.56 0.70 3,811
Labor force (millions) 0.18 0.30 1,787
Unemployment rate (% of labor force) .. 3.7 5.3
GNI per capita, World Bank Atlas method ($) 730 2,020 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.2 8.8 8.5
Agriculture value added (% of GDP) 28.4 17.6 13.3
Industry value added (% of GDP) 35.3 45.0 38.9
Manufacturing value added (% of GDP) 8.5 6.4 25.8
Services value added (% of GDP) 36.3 37.4 47.7
Inflation (annual % change in consumer price index) 4.0 4.4
Exchange rate (local currency units per $) 44.9 48.4
Exports of goods and services (% of GDP) 30.5 58.0 28.9
Imports of goods and services (% of GDP) 51.3 48.3 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 142
Time to start a business (days) .. 46 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 10.0 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 40.6 40.2
Profit tax (% of commercial profits) .. 35.0 16.3
New businesses registered (thousands) .. 0.0
New business density (new regis. per working-age pop.) .. 0.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 16.0
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 201 41,477
Private foreign direct investment, net (% of GDP) .. 2.8 2.0
Gross fixed capital formation (% of GDP) 50.6 53.6 34.9
Gross fixed private capital formation (% of GDP) 38.6 43.6 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -2.5 0.5 -2.3
Government debt (% of GDP) 40.2 56.2 ..
Deposit money banks’ assets (% of GDP) 11.6 37.8 107.6
Total financial system deposits (% of GDP) 47.0 69.3 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 9.1 32.1 92.9
Real interest rate (%) 10.8 9.3
Interest rate spread (percentage points) 7.8 9.5 7.3

Infrastructure
Paved roads (% of total roads) 60.7 62.0 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 3.1
Mobile cellular subscriptions (per 100 people) 0.0 46.9 57.8
Internet users (per 100 people) 0.4 7.2 17.2

40 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Bolivia
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.3 9.9 3,811
Labor force (millions) 3.6 4.5 1,787
Unemployment rate (% of labor force) 4.8 5.2 5.3
GNI per capita, World Bank Atlas method ($) 1,000 1,630 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 4.1 8.5
Agriculture value added (% of GDP) 15.0 13.8 13.3
Industry value added (% of GDP) 29.8 36.2 38.9
Manufacturing value added (% of GDP) 15.3 14.4 25.8
Services value added (% of GDP) 55.2 49.9 47.7
Inflation (annual % change in consumer price index) 4.6 3.3
Exchange rate (local currency units per $) 6.2 7.0
Exports of goods and services (% of GDP) 18.3 35.7 28.9
Imports of goods and services (% of GDP) 27.3 32.9 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 149
Time to start a business (days) .. 50 35
Procedures to start a business (number) .. 15 8
Firing cost (weeks of wages) .. ..a 57.7
Closing a business (years to resolve insolvency) .. 1.8 3.3
Total tax rate (% of profit) .. 80.0 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. 2.5
New business density (new regis. per working-age pop.) .. 0.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 13.5
Firms expected to give gifts in meetings w/tax officials (%) .. 19.6
Firms using banks to finance investments (% of firms) .. 22.2
Delay in obtaining an electrical connection (days) .. 15.2
ISO certification ownership (% of firms) .. 13.8

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 323 37 41,477
Private foreign direct investment, net (% of GDP) 8.8 2.4 2.0
Gross fixed capital formation (% of GDP) 17.9 16.5 34.9
Gross fixed private capital formation (% of GDP) 12.8 6.6 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -8.7 1.2 -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 61.0 33.5 107.6
Total financial system deposits (% of GDP) 46.1 38.8 54.9
Bank capital to asset ratio (%) 9.8 8.7 10.0
Bank nonperforming loans to total gross loans ratio (%) 10.3 3.5 5.1
Domestic credit to the private sector (% of GDP) 58.7 37.0 92.9
Real interest rate (%) 27.9 15.1
Interest rate spread (percentage points) 23.6 8.9 7.3

Infrastructure
Paved roads (% of total roads) 6.6 7.0 36.3
Electric power consumption (kWh per capita) 421 561 1,318
Power outages in a typical month (number) .. 0.8
Mobile cellular subscriptions (per 100 people) 7.0 72.5 57.8
Internet users (per 100 people) 1.4 11.2 17.2

The Little Data Book on Private Sector Development 2011 41


Bosnia and Herzegovina
Europe & Central Asia Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.7 3.8 1,002
Labor force (millions) 1.8 1.9 458
Unemployment rate (% of labor force) .. 23.9 9.1
GNI per capita, World Bank Atlas method ($) 1,510 4,700 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 25.2 5.0 4.4
Agriculture value added (% of GDP) 10.6 8.0 6.2
Industry value added (% of GDP) 23.0 28.1 31.5
Manufacturing value added (% of GDP) 10.1 12.9 16.7
Services value added (% of GDP) 66.4 63.9 62.4
Inflation (annual % change in consumer price index) .. -0.4
Exchange rate (local currency units per $) 2.1 1.4
Exports of goods and services (% of GDP) 28.7 33.4 25.4
Imports of goods and services (% of GDP) 75.5 58.0 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 110
Time to start a business (days) .. 55 43
Procedures to start a business (number) .. 12 8
Firing cost (weeks of wages) .. 31.0 40.1
Closing a business (years to resolve insolvency) .. 3.3 2.9
Total tax rate (% of profit) .. 23.0 43.0
Profit tax (% of commercial profits) .. 5.3 18.0
New businesses registered (thousands) .. 1.9
New business density (new regis. per working-age pop.) .. 0.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) 7.8 11.2
Firms expected to give gifts in meetings w/tax officials (%) 65.2 1.5
Firms using banks to finance investments (% of firms) 25.8 59.7
Delay in obtaining an electrical connection (days) 4.3 50.2
ISO certification ownership (% of firms) 13.9 30.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) .. 64 64,899
Private foreign direct investment, net (% of GDP) 2.7 1.4 2.4
Gross fixed capital formation (% of GDP) 20.6 19.7 20.7
Gross fixed private capital formation (% of GDP) 10.0 13.3 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -4.3 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 40.9 50.8 60.6
Total financial system deposits (% of GDP) 6.8 13.6 47.4
Bank capital to asset ratio (%) 20.1 15.2 9.7
Bank nonperforming loans to total gross loans ratio (%) 9.9 5.9 4.2
Domestic credit to the private sector (% of GDP) 37.4 57.3 47.8
Real interest rate (%) 1.3 7.9
Interest rate spread (percentage points) 15.8 4.3 5.5

Infrastructure
Paved roads (% of total roads) 52.3 52.3 36.8
Electric power consumption (kWh per capita) 2,062 2,467 3,001
Power outages in a typical month (number) .. 3.2
Mobile cellular subscriptions (per 100 people) 2.5 86.5 100.6
Internet users (per 100 people) 1.1 37.7 34.6

42 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Botswana
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.7 1.9 1,002
Labor force (millions) 0.80 1.00 458
Unemployment rate (% of labor force) 15.8 17.6 9.1
GNI per capita, World Bank Atlas method ($) 3,180 6,260 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.8 4.4 4.4
Agriculture value added (% of GDP) 2.7 3.1 6.2
Industry value added (% of GDP) 52.6 39.6 31.5
Manufacturing value added (% of GDP) 4.5 4.2 16.7
Services value added (% of GDP) 44.7 57.3 62.4
Inflation (annual % change in consumer price index) 8.6 8.0
Exchange rate (local currency units per $) 5.1 7.2
Exports of goods and services (% of GDP) 53.3 33.6 25.4
Imports of goods and services (% of GDP) 41.2 44.6 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 52
Time to start a business (days) .. 61 43
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 90.0 40.1
Closing a business (years to resolve insolvency) .. 1.7 2.9
Total tax rate (% of profit) .. 19.5 43.0
Profit tax (% of commercial profits) .. 15.9 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.0
Firms expected to give gifts in meetings w/tax officials (%) .. 4.5
Firms using banks to finance investments (% of firms) .. 11.3
Delay in obtaining an electrical connection (days) .. 25.5
ISO certification ownership (% of firms) .. 12.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 17 86 64,899
Private foreign direct investment, net (% of GDP) 1.0 2.1 2.4
Gross fixed capital formation (% of GDP) 25.8 28.2 20.7
Gross fixed private capital formation (% of GDP) 14.7 8.9 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 16.7 26.9 60.6
Total financial system deposits (% of GDP) 23.4 44.7 47.4
Bank capital to asset ratio (%) 10.3 .. 9.7
Bank nonperforming loans to total gross loans ratio (%) 1.7 .. 4.2
Domestic credit to the private sector (% of GDP) 15.1 25.5 47.8
Real interest rate (%) 15.4 20.6
Interest rate spread (percentage points) 6.1 6.3 5.5

Infrastructure
Paved roads (% of total roads) 35.3 32.6 36.8
Electric power consumption (kWh per capita) 924 1,503 3,001
Power outages in a typical month (number) .. 1.7
Mobile cellular subscriptions (per 100 people) 12.9 96.1 100.6
Internet users (per 100 people) 2.9 6.2 34.6

The Little Data Book on Private Sector Development 2011 43


Brazil
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 174.2 193.7 1,002
Labor force (millions) 83.4 101.5 458
Unemployment rate (% of labor force) 9.3 8.3 9.1
GNI per capita, World Bank Atlas method ($) 3,870 8,070 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.7 3.6 4.4
Agriculture value added (% of GDP) 5.6 6.1 6.2
Industry value added (% of GDP) 27.7 25.4 31.5
Manufacturing value added (% of GDP) 17.2 15.8 16.7
Services value added (% of GDP) 66.7 68.5 62.4
Inflation (annual % change in consumer price index) 7.0 4.9
Exchange rate (local currency units per $) 1.8 2.0
Exports of goods and services (% of GDP) 10.0 11.1 25.4
Imports of goods and services (% of GDP) 11.7 11.2 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 127
Time to start a business (days) .. 120 43
Procedures to start a business (number) .. 15 8
Firing cost (weeks of wages) .. 46.0 40.1
Closing a business (years to resolve insolvency) .. 4.0 2.9
Total tax rate (% of profit) .. 69.0 43.0
Profit tax (% of commercial profits) .. 21.4 18.0
New businesses registered (thousands) .. 315.6
New business density (new regis. per working-age pop.) .. 2.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 18.7
Firms expected to give gifts in meetings w/tax officials (%) .. 16.4
Firms using banks to finance investments (% of firms) .. 48.4
Delay in obtaining an electrical connection (days) .. 36.8
ISO certification ownership (% of firms) .. 25.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 21,032 39,176 64,899
Private foreign direct investment, net (% of GDP) 5.1 1.6 2.4
Gross fixed capital formation (% of GDP) 16.8 16.9 20.7
Gross fixed private capital formation (% of GDP) .. 14.4 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -1.8 -3.5 -0.6
Government debt (% of GDP) .. 61.0 ..
Deposit money banks’ assets (% of GDP) 66.9 89.4 60.6
Total financial system deposits (% of GDP) 44.3 66.4 47.4
Bank capital to asset ratio (%) 12.1 9.5 9.7
Bank nonperforming loans to total gross loans ratio (%) 8.3 4.2 4.2
Domestic credit to the private sector (% of GDP) 31.7 54.0 47.8
Real interest rate (%) 47.7 36.8
Interest rate spread (percentage points) 39.6 35.4 5.5

Infrastructure
Paved roads (% of total roads) 5.5 .. 36.8
Electric power consumption (kWh per capita) 1,894 2,232 3,001
Power outages in a typical month (number) .. 2.7
Mobile cellular subscriptions (per 100 people) 13.3 89.8 100.6
Internet users (per 100 people) 2.9 39.2 34.6

44 2011 The Little Data Book on Private Sector Development


Brunei Darussalam High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.33 0.40 1,117
Labor force (millions) 0.15 0.20 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) 14,670 27,050 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.0 2.1 2.0
Agriculture value added (% of GDP) 1.0 0.7 1.5
Industry value added (% of GDP) 63.7 71.0 25.0
Manufacturing value added (% of GDP) 15.4 10.4 15.9
Services value added (% of GDP) 35.3 28.3 73.5
Inflation (annual % change in consumer price index) 1.6 1.0
Exchange rate (local currency units per $) 1.7 1.5
Exports of goods and services (% of GDP) 67.4 67.7 23.6
Imports of goods and services (% of GDP) 35.8 27.8 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 112
Time to start a business (days) .. 105 18
Procedures to start a business (number) .. 15 6
Firing cost (weeks of wages) .. 4.0 37.9
Closing a business (years to resolve insolvency) .. 2.5 2.1
Total tax rate (% of profit) .. 29.8 38.6
Profit tax (% of commercial profits) .. 24.2 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.1 0.8 2.0
Gross fixed capital formation (% of GDP) 13.0 13.0 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 69.9 33.8 140.0
Total financial system deposits (% of GDP) 111.3 71.8 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 50.3 37.4 165.1
Real interest rate (%) -18.2 4.5
Interest rate spread (percentage points) .. 4.8 3.8

Infrastructure
Paved roads (% of total roads) 34.7 77.2 93.4
Electric power consumption (kWh per capita) 7,539 8,308 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 28.5 106.7 111.2
Internet users (per 100 people) 9.0 79.8 72.3

The Little Data Book on Private Sector Development 2011 45


Bulgaria
Europe & Central Asia Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.1 7.6 1,002
Labor force (millions) 3.6 3.6 458
Unemployment rate (% of labor force) 16.2 6.8 9.1
GNI per capita, World Bank Atlas method ($) 1,640 6,060 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.7 5.4 4.4
Agriculture value added (% of GDP) 13.6 5.6 6.2
Industry value added (% of GDP) 25.9 30.3 31.5
Manufacturing value added (% of GDP) 17.6 15.4 16.7
Services value added (% of GDP) 60.6 64.1 62.4
Inflation (annual % change in consumer price index) 10.3 2.8
Exchange rate (local currency units per $) 2.1 1.4
Exports of goods and services (% of GDP) 50.5 47.8 25.4
Imports of goods and services (% of GDP) 55.8 55.8 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 51
Time to start a business (days) .. 18 43
Procedures to start a business (number) .. 4 8
Firing cost (weeks of wages) .. 9.0 40.1
Closing a business (years to resolve insolvency) .. 3.3 2.9
Total tax rate (% of profit) .. 29.0 43.0
Profit tax (% of commercial profits) .. 4.6 18.0
New businesses registered (thousands) .. 35.5
New business density (new regis. per working-age pop.) .. 7.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) 2.6 10.6
Firms expected to give gifts in meetings w/tax officials (%) 53.4 6.6
Firms using banks to finance investments (% of firms) 19.2 34.7
Delay in obtaining an electrical connection (days) 5.0 44.8
ISO certification ownership (% of firms) 14.7 19.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 157 810 64,899
Private foreign direct investment, net (% of GDP) 7.8 9.4 2.4
Gross fixed capital formation (% of GDP) 15.8 24.4 20.7
Gross fixed private capital formation (% of GDP) 11.8 19.4 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -0.4 -0.1 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 15.5 78.5 60.6
Total financial system deposits (% of GDP) 22.7 57.5 47.4
Bank capital to asset ratio (%) 15.3 10.8 9.7
Bank nonperforming loans to total gross loans ratio (%) 17.3 6.4 4.2
Domestic credit to the private sector (% of GDP) 12.3 75.6 47.8
Real interest rate (%) 4.4 7.0
Interest rate spread (percentage points) 8.2 5.2 5.5

Infrastructure
Paved roads (% of total roads) 92.1 98.4 36.8
Electric power consumption (kWh per capita) 3,724 4,594 3,001
Power outages in a typical month (number) .. 3.7
Mobile cellular subscriptions (per 100 people) 9.2 140.0 100.6
Internet users (per 100 people) 5.3 44.8 34.6

46 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Burkina Faso Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 11.7 15.8 846
Labor force (millions) 5.2 7.1 384
Unemployment rate (% of labor force) 2.4 .. ..
GNI per capita, World Bank Atlas method ($) 250 510 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.8 5.4 5.4
Agriculture value added (% of GDP) 29.0 33.3 26.1
Industry value added (% of GDP) 24.4 22.4 24.4
Manufacturing value added (% of GDP) 16.2 13.6 12.4
Services value added (% of GDP) 46.6 44.4 49.5
Inflation (annual % change in consumer price index) -0.3 2.6
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 9.1 11.5 23.2
Imports of goods and services (% of GDP) 25.2 26.8 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 151
Time to start a business (days) .. 14 41
Procedures to start a business (number) .. 4 8
Firing cost (weeks of wages) .. 34.0 71.0
Closing a business (years to resolve insolvency) .. 4.0 3.7
Total tax rate (% of profit) .. 44.9 76.5
Profit tax (% of commercial profits) .. 16.1 24.8
New businesses registered (thousands) .. 0.6
New business density (new regis. per working-age pop.) .. 0.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 22.2
Firms expected to give gifts in meetings w/tax officials (%) .. 6.7
Firms using banks to finance investments (% of firms) .. 25.6
Delay in obtaining an electrical connection (days) .. 23.1
ISO certification ownership (% of firms) .. 14.4

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 27 193 4,779
Private foreign direct investment, net (% of GDP) 0.9 2.1 2.7
Gross fixed capital formation (% of GDP) 18.7 20.8 22.9
Gross fixed private capital formation (% of GDP) 11.0 11.1 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -3.6 -4.8 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 12.9 17.4 31.8
Total financial system deposits (% of GDP) 13.1 16.3 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 11.7 17.5 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 16.0 4.2 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 10.8
Mobile cellular subscriptions (per 100 people) 0.2 20.9 26.6
Internet users (per 100 people) 0.1 1.1 2.7

The Little Data Book on Private Sector Development 2011 47


Burundi
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 6.5 8.3 846
Labor force (millions) 3.1 4.6 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 120 150 509
GDP growth, 1995–2000 and 2000–09 (average annual %) -0.7 3.0 5.4
Agriculture value added (% of GDP) 40.4 34.8 26.1
Industry value added (% of GDP) 18.8 20.0 24.4
Manufacturing value added (% of GDP) 8.7 8.8 12.4
Services value added (% of GDP) 40.8 45.1 49.5
Inflation (annual % change in consumer price index) 24.3 11.0
Exchange rate (local currency units per $) 720.7 1,230.2
Exports of goods and services (% of GDP) 7.8 10.7 23.2
Imports of goods and services (% of GDP) 19.9 47.0 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 181
Time to start a business (days) .. 32 41
Procedures to start a business (number) .. 11 8
Firing cost (weeks of wages) .. 26.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 153.4 76.5
Profit tax (% of commercial profits) .. 19.4 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.7
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 36 6 4,779
Private foreign direct investment, net (% of GDP) 1.6 0.0 2.7
Gross fixed capital formation (% of GDP) 6.1 16.4 22.9
Gross fixed private capital formation (% of GDP) 0.8 1.7 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -2.4 .. -1.4
Government debt (% of GDP) 162.6 .. ..
Deposit money banks’ assets (% of GDP) 20.4 24.2 31.8
Total financial system deposits (% of GDP) 14.5 31.5 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 25.0 21.7 26.3
Real interest rate (%) 2.3 0.4
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 7.1 10.4 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 12.0
Mobile cellular subscriptions (per 100 people) 0.3 10.1 26.6
Internet users (per 100 people) 0.1 0.8 2.7

48 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Cambodia Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 12.8 14.8 846
Labor force (millions) 5.9 7.8 384
Unemployment rate (% of labor force) 2.5 .. ..
GNI per capita, World Bank Atlas method ($) 280 650 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.3 9.0 5.4
Agriculture value added (% of GDP) 37.8 35.3 26.1
Industry value added (% of GDP) 23.0 22.6 24.4
Manufacturing value added (% of GDP) 16.9 15.0 12.4
Services value added (% of GDP) 39.1 42.0 49.5
Inflation (annual % change in consumer price index) -0.8 -0.7
Exchange rate (local currency units per $) 3,840.8 4,139.3
Exports of goods and services (% of GDP) 49.8 59.6 23.2
Imports of goods and services (% of GDP) 61.8 62.7 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 147
Time to start a business (days) .. 85 41
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 39.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 22.5 76.5
Profit tax (% of commercial profits) .. 18.9 24.8
New businesses registered (thousands) .. 2.0
New business density (new regis. per working-age pop.) .. 0.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.6
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 2 231 4,779
Private foreign direct investment, net (% of GDP) 4.1 5.1 2.7
Gross fixed capital formation (% of GDP) 18.3 20.0 22.9
Gross fixed private capital formation (% of GDP) 11.9 11.3 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -3.4 -2.3 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 6.4 17.5 31.8
Total financial system deposits (% of GDP) 9.5 26.5 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 6.4 24.5 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 7.5 6.3 12.0
Electric power consumption (kWh per capita) 29 113 231
Power outages in a typical month (number) .. 27.0
Mobile cellular subscriptions (per 100 people) 1.0 37.8 26.6
Internet users (per 100 people) 0.0 0.5 2.7

The Little Data Book on Private Sector Development 2011 49


Cameroon
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 15.9 19.5 3,811
Labor force (millions) 6.0 7.7 1,787
Unemployment rate (% of labor force) 7.5 2.9 5.3
GNI per capita, World Bank Atlas method ($) 620 1,190 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.8 3.3 8.5
Agriculture value added (% of GDP) 22.1 19.5 13.3
Industry value added (% of GDP) 36.0 30.6 38.9
Manufacturing value added (% of GDP) 20.8 16.5 25.8
Services value added (% of GDP) 41.8 49.9 47.7
Inflation (annual % change in consumer price index) 1.2 3.0
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 23.3 26.6 28.9
Imports of goods and services (% of GDP) 19.7 30.9 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 168
Time to start a business (days) .. 19 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 33.0 57.7
Closing a business (years to resolve insolvency) .. 3.2 3.3
Total tax rate (% of profit) .. 49.1 40.2
Profit tax (% of commercial profits) .. 29.9 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.0
Firms expected to give gifts in meetings w/tax officials (%) .. 30.8
Firms using banks to finance investments (% of firms) .. 31.4
Delay in obtaining an electrical connection (days) .. 17.6
ISO certification ownership (% of firms) .. 20.4

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 95 278 41,477
Private foreign direct investment, net (% of GDP) 1.6 1.5 2.0
Gross fixed capital formation (% of GDP) 16.0 17.1 34.9
Gross fixed private capital formation (% of GDP) 13.9 12.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) 0.1 .. -2.3
Government debt (% of GDP) 91.7 .. ..
Deposit money banks’ assets (% of GDP) 12.1 11.5 107.6
Total financial system deposits (% of GDP) 11.1 14.6 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 8.2 11.3 92.9
Real interest rate (%) 18.6 12.7
Interest rate spread (percentage points) 17.0 10.8 7.3

Infrastructure
Paved roads (% of total roads) 8.1 8.4 36.3
Electric power consumption (kWh per capita) 171 263 1,318
Power outages in a typical month (number) .. 10.5
Mobile cellular subscriptions (per 100 people) 0.7 37.9 57.8
Internet users (per 100 people) 0.3 3.8 17.2

50 2011 The Little Data Book on Private Sector Development


Canada High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 30.8 33.7 1,117
Labor force (millions) 16.3 19.1 547
Unemployment rate (% of labor force) 6.8 8.3 8.1
GNI per capita, World Bank Atlas method ($) 22,130 41,980 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.3 2.1 2.0
Agriculture value added (% of GDP) 2.3 1.6 1.5
Industry value added (% of GDP) 33.2 31.8 25.0
Manufacturing value added (% of GDP) 19.2 14.0 15.9
Services value added (% of GDP) 64.5 66.5 73.5
Inflation (annual % change in consumer price index) 2.7 0.3
Exchange rate (local currency units per $) 1.5 1.1
Exports of goods and services (% of GDP) 45.6 28.7 23.6
Imports of goods and services (% of GDP) 39.8 30.4 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 7
Time to start a business (days) .. 5 18
Procedures to start a business (number) .. 1 6
Firing cost (weeks of wages) .. 28.0 37.9
Closing a business (years to resolve insolvency) .. 0.8 2.1
Total tax rate (% of profit) .. 29.2 38.6
Profit tax (% of commercial profits) .. 9.8 14.3
New businesses registered (thousands) .. 174.0
New business density (new regis. per working-age pop.) .. 7.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 9.1 1.5 2.0
Gross fixed capital formation (% of GDP) 19.2 21.5 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 2.2 -1.9 -7.7
Government debt (% of GDP) 56.7 53.2 55.7
Deposit money banks’ assets (% of GDP) 85.8 176.7 140.0
Total financial system deposits (% of GDP) 70.1 123.0 108.5
Bank capital to asset ratio (%) 4.7 5.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.3 1.3 3.4
Domestic credit to the private sector (% of GDP) 95.7 128.6 165.1
Real interest rate (%) 3.0 4.6
Interest rate spread (percentage points) 3.8 2.3 3.8

Infrastructure
Paved roads (% of total roads) .. 39.9 93.4
Electric power consumption (kWh per capita) 16,991 17,061 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 28.4 68.4 111.2
Internet users (per 100 people) 42.2 77.7 72.3

The Little Data Book on Private Sector Development 2011 51


Cape Verde
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.44 0.51 3,811
Labor force (millions) 0.16 0.21 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 1,310 3,010 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.6 6.4 8.5
Agriculture value added (% of GDP) 12.0 9.2 13.3
Industry value added (% of GDP) 17.9 20.1 38.9
Manufacturing value added (% of GDP) 9.3 6.7 25.8
Services value added (% of GDP) 70.2 70.7 47.7
Inflation (annual % change in consumer price index) -2.5 1.0
Exchange rate (local currency units per $) 119.7 79.4
Exports of goods and services (% of GDP) 27.5 23.6 28.9
Imports of goods and services (% of GDP) 61.4 65.4 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 132
Time to start a business (days) .. 11 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 93.0 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 37.1 40.2
Profit tax (% of commercial profits) .. 17.8 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.3
Firms expected to give gifts in meetings w/tax officials (%) .. 1.1
Firms using banks to finance investments (% of firms) .. 35.3
Delay in obtaining an electrical connection (days) .. 30.5
ISO certification ownership (% of firms) .. 15.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) .. 23 41,477
Private foreign direct investment, net (% of GDP) 6.3 7.7 2.0
Gross fixed capital formation (% of GDP) 19.7 53.8 34.9
Gross fixed private capital formation (% of GDP) 7.2 42.7 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. -3.8 -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 51.3 60.8 107.6
Total financial system deposits (% of GDP) 54.4 73.6 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 40.7 64.0 92.9
Real interest rate (%) 13.3 6.9
Interest rate spread (percentage points) 7.6 8.1 7.3

Infrastructure
Paved roads (% of total roads) 69.0 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 4.9
Mobile cellular subscriptions (per 100 people) 4.5 77.5 57.8
Internet users (per 100 people) 1.8 29.7 17.2

52 2011 The Little Data Book on Private Sector Development


Cayman Islands High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.04 0.05 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 7.5 4.0 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 0.8 0.8
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 26.6 84.0 111.2
Internet users (per 100 people) .. 43.7 72.3

The Little Data Book on Private Sector Development 2011 53


Central African Republic
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.7 4.4 846
Labor force (millions) 1.7 2.1 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 270 450 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.0 0.8 5.4
Agriculture value added (% of GDP) 53.1 55.5 26.1
Industry value added (% of GDP) 15.8 14.6 24.4
Manufacturing value added (% of GDP) 7.0 7.6 12.4
Services value added (% of GDP) 31.0 29.9 49.5
Inflation (annual % change in consumer price index) 3.2 3.5
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 19.8 14.5 23.2
Imports of goods and services (% of GDP) 24.1 22.4 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 182
Time to start a business (days) .. 22 41
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 22.0 71.0
Closing a business (years to resolve insolvency) .. 4.8 3.7
Total tax rate (% of profit) .. 203.8 76.5
Profit tax (% of commercial profits) .. 176.8 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 6 4,779
Private foreign direct investment, net (% of GDP) 0.1 2.1 2.7
Gross fixed capital formation (% of GDP) 9.5 10.6 22.9
Gross fixed private capital formation (% of GDP) 4.8 6.9 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. -0.5 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 7.6 8.9 31.8
Total financial system deposits (% of GDP) 3.4 5.4 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 4.5 7.0 26.3
Real interest rate (%) 18.3 12.2
Interest rate spread (percentage points) 17.0 10.8 11.5

Infrastructure
Paved roads (% of total roads) 2.7 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.1 3.8 26.6
Internet users (per 100 people) 0.1 0.5 2.7

54 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Chad
Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.4 11.2 846
Labor force (millions) 3.3 4.3 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 180 600 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.1 10.2 5.4
Agriculture value added (% of GDP) 42.3 13.6 26.1
Industry value added (% of GDP) 11.3 48.8 24.4
Manufacturing value added (% of GDP) 8.9 6.6 12.4
Services value added (% of GDP) 46.3 37.5 49.5
Inflation (annual % change in consumer price index) 3.8 10.0
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 16.9 42.1 23.2
Imports of goods and services (% of GDP) 34.7 70.1 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 183
Time to start a business (days) .. 75 41
Procedures to start a business (number) .. 13 8
Firing cost (weeks of wages) .. 36.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 65.4 76.5
Profit tax (% of commercial profits) .. 31.3 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 20.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 5 68 4,779
Private foreign direct investment, net (% of GDP) 8.3 6.8 2.7
Gross fixed capital formation (% of GDP) 20.9 32.7 22.9
Gross fixed private capital formation (% of GDP) 10.5 21.8 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 5.7 7.0 31.8
Total financial system deposits (% of GDP) 3.9 5.9 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 3.5 5.2 26.3
Real interest rate (%) 15.9 9.4
Interest rate spread (percentage points) 17.0 10.8 11.5

Infrastructure
Paved roads (% of total roads) 0.8 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 22.6
Mobile cellular subscriptions (per 100 people) 0.1 24.0 26.6
Internet users (per 100 people) 0.0 1.7 2.7

The Little Data Book on Private Sector Development 2011 55


Channel Islands High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.15 0.15 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) 43,020 68,610 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. 0.5 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 111.2
Internet users (per 100 people) .. .. 72.3

56 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Chile
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 15.4 17.0 1,002
Labor force (millions) 6.1 7.5 458
Unemployment rate (% of labor force) 9.2 9.7 9.1
GNI per capita, World Bank Atlas method ($) 4,840 9,470 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.8 4.1 4.4
Agriculture value added (% of GDP) 6.1 3.3 6.2
Industry value added (% of GDP) 38.4 42.1 31.5
Manufacturing value added (% of GDP) 19.5 12.7 16.7
Services value added (% of GDP) 55.5 54.6 62.4
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 539.6 560.9
Exports of goods and services (% of GDP) 31.6 38.1 25.4
Imports of goods and services (% of GDP) 29.7 30.4 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 43
Time to start a business (days) .. 22 43
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 52.0 40.1
Closing a business (years to resolve insolvency) .. 4.5 2.9
Total tax rate (% of profit) .. 25.0 43.0
Profit tax (% of commercial profits) .. 18.0 18.0
New businesses registered (thousands) .. 23.5
New business density (new regis. per working-age pop.) .. 2.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.0
Firms expected to give gifts in meetings w/tax officials (%) .. 7.6
Firms using banks to finance investments (% of firms) .. 29.1
Delay in obtaining an electrical connection (days) .. 22.9
ISO certification ownership (% of firms) .. 22.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 2,051 2,331 64,899
Private foreign direct investment, net (% of GDP) 6.5 7.8 2.4
Gross fixed capital formation (% of GDP) 20.7 21.4 20.7
Gross fixed private capital formation (% of GDP) .. 18.2 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -0.7 -4.5 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 64.7 79.6 60.6
Total financial system deposits (% of GDP) 50.9 55.2 47.4
Bank capital to asset ratio (%) 7.5 7.4 9.7
Bank nonperforming loans to total gross loans ratio (%) 1.7 3.0 4.2
Domestic credit to the private sector (% of GDP) 73.6 97.5 47.8
Real interest rate (%) 9.8 2.9
Interest rate spread (percentage points) 5.6 5.2 5.5

Infrastructure
Paved roads (% of total roads) 18.4 .. 36.8
Electric power consumption (kWh per capita) 2,487 3,319 3,001
Power outages in a typical month (number) .. 1.7
Mobile cellular subscriptions (per 100 people) 22.1 96.9 100.6
Internet users (per 100 people) 16.6 34.0 34.6

The Little Data Book on Private Sector Development 2011 57


China
East Asia & Pacific Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1,262.6 1,331.5 3,811
Labor force (millions) 726.0 783.2 1,787
Unemployment rate (% of labor force) 3.1 4.3 5.3
GNI per capita, World Bank Atlas method ($) 930 3,650 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 8.5 10.9 8.5
Agriculture value added (% of GDP) 15.1 10.3 13.3
Industry value added (% of GDP) 45.9 46.3 38.9
Manufacturing value added (% of GDP) 32.1 33.9 25.8
Services value added (% of GDP) 39.0 43.4 47.7
Inflation (annual % change in consumer price index) 0.3 -0.7
Exchange rate (local currency units per $) 8.3 6.8
Exports of goods and services (% of GDP) 23.3 26.7 28.9
Imports of goods and services (% of GDP) 20.9 22.3 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 79
Time to start a business (days) .. 38 35
Procedures to start a business (number) .. 14 8
Firing cost (weeks of wages) .. 91.0 57.7
Closing a business (years to resolve insolvency) .. 1.7 3.3
Total tax rate (% of profit) .. 63.5 40.2
Profit tax (% of commercial profits) .. 6.0 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 18.3
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 8,131 6,120 41,477
Private foreign direct investment, net (% of GDP) 3.2 1.6 2.0
Gross fixed capital formation (% of GDP) 34.1 45.6 34.9
Gross fixed private capital formation (% of GDP) 7.5 19.8 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -2.6 -2.1 -2.3
Government debt (% of GDP) 11.6 .. ..
Deposit money banks’ assets (% of GDP) 120.2 138.3 107.6
Total financial system deposits (% of GDP) 39.0 53.7 54.9
Bank capital to asset ratio (%) 4.1 5.6 10.0
Bank nonperforming loans to total gross loans ratio (%) 22.4 1.6 5.1
Domestic credit to the private sector (% of GDP) 112.3 127.3 92.9
Real interest rate (%) 3.7 6.0
Interest rate spread (percentage points) 3.6 3.1 7.3

Infrastructure
Paved roads (% of total roads) .. 53.5 36.3
Electric power consumption (kWh per capita) 993 2,455 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 6.8 56.1 57.8
Internet users (per 100 people) 1.8 28.8 17.2

58 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Colombia
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 39.8 45.7 1,002
Labor force (millions) 15.1 19.0 458
Unemployment rate (% of labor force) 16.6 12.0 9.1
GNI per capita, World Bank Atlas method ($) 2,350 4,990 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.8 4.5 4.4
Agriculture value added (% of GDP) 8.9 7.5 6.2
Industry value added (% of GDP) 29.5 34.4 31.5
Manufacturing value added (% of GDP) 15.5 14.3 16.7
Services value added (% of GDP) 61.6 58.1 62.4
Inflation (annual % change in consumer price index) 9.2 4.2
Exchange rate (local currency units per $) 2,087.9 2,166.8
Exports of goods and services (% of GDP) 16.4 16.3 25.4
Imports of goods and services (% of GDP) 16.7 18.3 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 39
Time to start a business (days) .. 14 43
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 59.0 40.1
Closing a business (years to resolve insolvency) .. 3.0 2.9
Total tax rate (% of profit) .. 78.7 43.0
Profit tax (% of commercial profits) .. 17.7 18.0
New businesses registered (thousands) .. 31.1
New business density (new regis. per working-age pop.) .. 1.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 14.3
Firms expected to give gifts in meetings w/tax officials (%) .. 1.1
Firms using banks to finance investments (% of firms) .. 30.6
Delay in obtaining an electrical connection (days) .. 26.4
ISO certification ownership (% of firms) .. 5.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 1,032 1,042 64,899
Private foreign direct investment, net (% of GDP) 2.4 3.1 2.4
Gross fixed capital formation (% of GDP) 14.3 20.5 20.7
Gross fixed private capital formation (% of GDP) .. .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -5.8 -4.0 -0.6
Government debt (% of GDP) .. 59.3 ..
Deposit money banks’ assets (% of GDP) 27.1 37.2 60.6
Total financial system deposits (% of GDP) 22.4 18.1 47.4
Bank capital to asset ratio (%) 11.2 13.6 9.7
Bank nonperforming loans to total gross loans ratio (%) 11.0 4.1 4.2
Domestic credit to the private sector (% of GDP) 20.9 29.9 47.8
Real interest rate (%) -10.3 7.7
Interest rate spread (percentage points) 6.6 6.9 5.5

Infrastructure
Paved roads (% of total roads) 14.4 .. 36.8
Electric power consumption (kWh per capita) 844 974 3,001
Power outages in a typical month (number) .. 1.0
Mobile cellular subscriptions (per 100 people) 5.7 92.3 100.6
Internet users (per 100 people) 2.2 45.5 34.6

The Little Data Book on Private Sector Development 2011 59


Comoros
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.54 0.66 846
Labor force (millions) 0.25 0.32 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 400 810 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.7 1.9 5.4
Agriculture value added (% of GDP) 48.6 46.3 26.1
Industry value added (% of GDP) 11.5 12.1 24.4
Manufacturing value added (% of GDP) 4.5 4.3 12.4
Services value added (% of GDP) 39.9 38.0 49.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 534.0 354.1
Exports of goods and services (% of GDP) 16.7 14.7 23.2
Imports of goods and services (% of GDP) 32.5 48.2 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 159
Time to start a business (days) .. 24 41
Procedures to start a business (number) .. 11 8
Firing cost (weeks of wages) .. 100.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 217.9 76.5
Profit tax (% of commercial profits) .. 31.4 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 0.5 4,779
Private foreign direct investment, net (% of GDP) 0.0 1.7 2.7
Gross fixed capital formation (% of GDP) 10.1 12.4 22.9
Gross fixed private capital formation (% of GDP) 6.2 7.7 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 9.0 16.1 31.8
Total financial system deposits (% of GDP) 5.9 23.2 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 11.9 16.0 26.3
Real interest rate (%) 8.3 5.7
Interest rate spread (percentage points) 9.0 8.6 11.5

Infrastructure
Paved roads (% of total roads) 76.5 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.0 15.2 26.6
Internet users (per 100 people) 0.3 3.7 2.7

60 2011 The Little Data Book on Private Sector Development


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

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 50.8 66.0 846
Labor force (millions) 18.6 24.9 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 80 160 509
GDP growth, 1995–2000 and 2000–09 (average annual %) -3.8 5.2 5.4
Agriculture value added (% of GDP) 50.0 42.9 26.1
Industry value added (% of GDP) 20.3 24.0 24.4
Manufacturing value added (% of GDP) 4.8 5.5 12.4
Services value added (% of GDP) 29.7 33.0 49.5
Inflation (annual % change in consumer price index) 513.9 17.3
Exchange rate (local currency units per $) 21.8 809.8
Exports of goods and services (% of GDP) 22.4 9.6 23.2
Imports of goods and services (% of GDP) 21.4 21.7 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 175
Time to start a business (days) .. 84 41
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 31.0 71.0
Closing a business (years to resolve insolvency) .. 5.2 3.7
Total tax rate (% of profit) .. 339.7 76.5
Profit tax (% of commercial profits) .. 58.9 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 29.4
Firms expected to give gifts in meetings w/tax officials (%) .. 54.4
Firms using banks to finance investments (% of firms) .. 6.7
Delay in obtaining an electrical connection (days) .. 48.0
ISO certification ownership (% of firms) .. 8.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 41 151 4,779
Private foreign direct investment, net (% of GDP) 1.7 9.0 2.7
Gross fixed capital formation (% of GDP) 3.5 29.8 22.9
Gross fixed private capital formation (% of GDP) 3.0 6.1 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -4.0 .. -1.4
Government debt (% of GDP) 152.2 .. ..
Deposit money banks’ assets (% of GDP) 3.8 7.3 31.8
Total financial system deposits (% of GDP) 9.2 11.3 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 0.7 7.5 26.3
Real interest rate (%) .. 27.0
Interest rate spread (percentage points) .. 49.5 11.5

Infrastructure
Paved roads (% of total roads) .. 1.8 12.0
Electric power consumption (kWh per capita) 89 95 231
Power outages in a typical month (number) .. 21.8
Mobile cellular subscriptions (per 100 people) 0.0 15.4 26.6
Internet users (per 100 people) 0.0 0.6 2.7

The Little Data Book on Private Sector Development 2011 61


Congo, Rep.
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.0 3.7 3,811
Labor force (millions) 1.3 1.6 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 580 2,080 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.9 4.0 8.5
Agriculture value added (% of GDP) 5.3 4.5 13.3
Industry value added (% of GDP) 72.2 71.1 38.9
Manufacturing value added (% of GDP) 3.5 4.5 25.8
Services value added (% of GDP) 22.5 24.4 47.7
Inflation (annual % change in consumer price index) -0.9 5.0
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 80.3 71.9 28.9
Imports of goods and services (% of GDP) 43.6 50.9 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 177
Time to start a business (days) .. 160 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 33.0 57.7
Closing a business (years to resolve insolvency) .. 3.3 3.3
Total tax rate (% of profit) .. 65.5 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.0
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 35 110 41,477
Private foreign direct investment, net (% of GDP) 5.2 21.7 2.0
Gross fixed capital formation (% of GDP) 20.9 24.3 34.9
Gross fixed private capital formation (% of GDP) 14.0 13.5 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) 1.9 19.5 -2.3
Government debt (% of GDP) 283.7 .. ..
Deposit money banks’ assets (% of GDP) 6.4 3.6 107.6
Total financial system deposits (% of GDP) 8.6 10.2 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 4.8 4.8 92.9
Real interest rate (%) -17.0 14.4
Interest rate spread (percentage points) 17.0 10.8 7.3

Infrastructure
Paved roads (% of total roads) 9.7 7.1 36.3
Electric power consumption (kWh per capita) 99 150 1,318
Power outages in a typical month (number) .. 25.3
Mobile cellular subscriptions (per 100 people) 2.3 58.9 57.8
Internet users (per 100 people) 0.0 6.7 17.2

62 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Costa Rica
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.9 4.6 1,002
Labor force (millions) 1.6 2.1 458
Unemployment rate (% of labor force) 5.2 4.9 9.1
GNI per capita, World Bank Atlas method ($) 3,700 6,260 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.7 5.1 4.4
Agriculture value added (% of GDP) 9.5 7.1 6.2
Industry value added (% of GDP) 32.1 27.2 31.5
Manufacturing value added (% of GDP) 25.3 19.0 16.7
Services value added (% of GDP) 58.5 65.7 62.4
Inflation (annual % change in consumer price index) 11.0 7.8
Exchange rate (local currency units per $) 308.2 573.3
Exports of goods and services (% of GDP) 48.6 43.3 25.4
Imports of goods and services (% of GDP) 45.8 42.1 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 125
Time to start a business (days) .. 60 43
Procedures to start a business (number) .. 12 8
Firing cost (weeks of wages) .. 29.0 40.1
Closing a business (years to resolve insolvency) .. 3.5 2.9
Total tax rate (% of profit) .. 55.0 43.0
Profit tax (% of commercial profits) .. 18.9 18.0
New businesses registered (thousands) .. 26.8
New business density (new regis. per working-age pop.) .. 8.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.6
Firms expected to give gifts in meetings w/tax officials (%) .. 0.0
Firms using banks to finance investments (% of firms) .. 14.9
Delay in obtaining an electrical connection (days) .. 48.6
ISO certification ownership (% of firms) .. 10.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 161 110 64,899
Private foreign direct investment, net (% of GDP) 2.6 4.6 2.4
Gross fixed capital formation (% of GDP) 17.8 26.7 20.7
Gross fixed private capital formation (% of GDP) 16.3 24.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -3.4 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 27.8 54.4 60.6
Total financial system deposits (% of GDP) 14.1 23.0 47.4
Bank capital to asset ratio (%) 10.8 13.9 9.7
Bank nonperforming loans to total gross loans ratio (%) 3.5 2.0 4.2
Domestic credit to the private sector (% of GDP) 24.0 49.4 47.8
Real interest rate (%) 16.7 9.9
Interest rate spread (percentage points) 11.5 12.8 5.5

Infrastructure
Paved roads (% of total roads) 22.0 25.3 36.8
Electric power consumption (kWh per capita) 1,519 1,866 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 5.4 42.6 100.6
Internet users (per 100 people) 5.8 34.5 34.6

The Little Data Book on Private Sector Development 2011 63


Côte d’Ivoire
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 17.3 21.1 3,811
Labor force (millions) 6.7 8.4 1,787
Unemployment rate (% of labor force) 4.1 .. 5.3
GNI per capita, World Bank Atlas method ($) 620 1,070 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.4 0.8 8.5
Agriculture value added (% of GDP) 24.2 24.4 13.3
Industry value added (% of GDP) 24.9 25.2 38.9
Manufacturing value added (% of GDP) 21.7 18.0 25.8
Services value added (% of GDP) 50.9 50.4 47.7
Inflation (annual % change in consumer price index) 2.5 1.0
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 40.4 41.7 28.9
Imports of goods and services (% of GDP) 33.3 33.8 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 169
Time to start a business (days) .. 40 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 49.0 57.7
Closing a business (years to resolve insolvency) .. 2.2 3.3
Total tax rate (% of profit) .. 44.4 40.2
Profit tax (% of commercial profits) .. 8.8 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 1.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 215 318 41,477
Private foreign direct investment, net (% of GDP) 2.3 1.6 2.0
Gross fixed capital formation (% of GDP) 11.2 11.2 34.9
Gross fixed private capital formation (% of GDP) 8.4 8.3 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. 0.9 -2.3
Government debt (% of GDP) .. 96.4 ..
Deposit money banks’ assets (% of GDP) 19.4 19.3 107.6
Total financial system deposits (% of GDP) 13.5 17.4 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 15.5 17.1 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 9.7 7.9 36.3
Electric power consumption (kWh per capita) 166 186 1,318
Power outages in a typical month (number) .. 3.8
Mobile cellular subscriptions (per 100 people) 2.7 63.3 57.8
Internet users (per 100 people) 0.2 4.6 17.2

64 2011 The Little Data Book on Private Sector Development


Croatia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.4 4.4 1,117
Labor force (millions) 2.0 2.0 547
Unemployment rate (% of labor force) 16.1 9.1 8.1
GNI per capita, World Bank Atlas method ($) 5,200 13,770 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.1 3.9 2.0
Agriculture value added (% of GDP) 6.5 6.7 1.5
Industry value added (% of GDP) 28.5 27.1 25.0
Manufacturing value added (% of GDP) 20.3 16.0 15.9
Services value added (% of GDP) 65.0 66.1 73.5
Inflation (annual % change in consumer price index) 4.6 2.4
Exchange rate (local currency units per $) 8.3 5.3
Exports of goods and services (% of GDP) 41.7 36.1 23.6
Imports of goods and services (% of GDP) 45.0 39.4 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 84
Time to start a business (days) .. 7 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 39.0 37.9
Closing a business (years to resolve insolvency) .. 3.1 2.1
Total tax rate (% of profit) .. 32.5 38.6
Profit tax (% of commercial profits) .. 11.4 14.3
New businesses registered (thousands) .. 7.8
New business density (new regis. per working-age pop.) .. 2.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) 4.6 10.9
Firms expected to give gifts in meetings w/tax officials (%) 43.7 6.0
Firms using banks to finance investments (% of firms) 36.1 60.0
Delay in obtaining an electrical connection (days) .. 42.6
ISO certification ownership (% of firms) 16.3 16.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 746 719 ..
Private foreign direct investment, net (% of GDP) 5.2 4.7 2.0
Gross fixed capital formation (% of GDP) 19.0 24.7 18.0
Gross fixed private capital formation (% of GDP) 16.2 22.6 ..

Finance and banking


Government cash surplus or deficit (% of GDP) -5.3 -3.0 -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 44.9 77.7 140.0
Total financial system deposits (% of GDP) 37.3 62.5 108.5
Bank capital to asset ratio (%) 11.9 13.9 6.8
Bank nonperforming loans to total gross loans ratio (%) 9.5 7.8 3.4
Domestic credit to the private sector (% of GDP) 32.0 66.3 165.1
Real interest rate (%) 7.1 8.0
Interest rate spread (percentage points) 8.3 8.4 3.8

Infrastructure
Paved roads (% of total roads) 85.4 86.9 93.4
Electric power consumption (kWh per capita) 2,840 3,878 9,518
Power outages in a typical month (number) .. 1.8
Mobile cellular subscriptions (per 100 people) 23.3 136.2 111.2
Internet users (per 100 people) 6.8 50.4 72.3

The Little Data Book on Private Sector Development 2011 65


Cuba
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 11.1 11.2 1,002
Labor force (millions) 4.8 5.0 458
Unemployment rate (% of labor force) 5.4 1.6 9.1
GNI per capita, World Bank Atlas method ($) 2,630 5,550 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.0 6.7 4.4
Agriculture value added (% of GDP) 8.4 5.0 6.2
Industry value added (% of GDP) 27.9 20.0 31.5
Manufacturing value added (% of GDP) 17.7 9.6 16.7
Services value added (% of GDP) 63.7 74.9 62.4
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 14.1 20.0 25.4
Imports of goods and services (% of GDP) 16.9 18.2 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 43
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. .. 43.0
Profit tax (% of commercial profits) .. .. 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 600 60 64,899
Private foreign direct investment, net (% of GDP) .. .. 2.4
Gross fixed capital formation (% of GDP) 11.9 9.7 20.7
Gross fixed private capital formation (% of GDP) .. .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 60.6
Total financial system deposits (% of GDP) .. .. 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) .. .. 47.8
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.5

Infrastructure
Paved roads (% of total roads) 49.0 .. 36.8
Electric power consumption (kWh per capita) 1,142 1,327 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.1 4.0 100.6
Internet users (per 100 people) 0.5 14.3 34.6

66 2011 The Little Data Book on Private Sector Development


Cyprus High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.79 0.87 1,117
Labor force (millions) 0.36 0.45 547
Unemployment rate (% of labor force) 4.9 5.2 8.1
GNI per capita, World Bank Atlas method ($) 13,440 30,480 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.9 3.3 2.0
Agriculture value added (% of GDP) 3.6 2.1 1.5
Industry value added (% of GDP) 19.1 19.6 25.0
Manufacturing value added (% of GDP) 9.9 7.6 15.9
Services value added (% of GDP) 77.3 78.3 73.5
Inflation (annual % change in consumer price index) 4.1 0.4
Exchange rate (local currency units per $) 0.6 0.4
Exports of goods and services (% of GDP) 55.4 46.3 23.6
Imports of goods and services (% of GDP) 54.5 57.4 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 37
Time to start a business (days) .. 8 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 64.0 37.9
Closing a business (years to resolve insolvency) .. 1.5 2.1
Total tax rate (% of profit) .. 23.2 38.6
Profit tax (% of commercial profits) .. 9.4 14.3
New businesses registered (thousands) .. 16.1
New business density (new regis. per working-age pop.) .. 20.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 9.2 23.6 2.0
Gross fixed capital formation (% of GDP) 17.0 22.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. -5.9 -7.7
Government debt (% of GDP) 156.3 97.3 55.7
Deposit money banks’ assets (% of GDP) 178.1 295.6 140.0
Total financial system deposits (% of GDP) 161.3 241.1 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 211.8 269.7 165.1
Real interest rate (%) 4.0 1.3
Interest rate spread (percentage points) 1.5 3.3 3.8

Infrastructure
Paved roads (% of total roads) 60.6 64.6 93.4
Electric power consumption (kWh per capita) 4,045 5,711 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 27.8 112.2 111.2
Internet users (per 100 people) 15.3 49.8 72.3

The Little Data Book on Private Sector Development 2011 67


Czech Republic High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.3 10.5 1,117
Labor force (millions) 5.1 5.2 547
Unemployment rate (% of labor force) 8.8 6.7 8.1
GNI per capita, World Bank Atlas method ($) 5,800 17,310 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.0 4.1 2.0
Agriculture value added (% of GDP) 3.9 2.3 1.5
Industry value added (% of GDP) 38.1 37.2 25.0
Manufacturing value added (% of GDP) 26.8 23.2 15.9
Services value added (% of GDP) 58.0 60.5 73.5
Inflation (annual % change in consumer price index) 3.9 1.0
Exchange rate (local currency units per $) 38.6 19.1
Exports of goods and services (% of GDP) 63.4 69.5 23.6
Imports of goods and services (% of GDP) 66.4 63.8 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 63
Time to start a business (days) .. 20 18
Procedures to start a business (number) .. 9 6
Firing cost (weeks of wages) .. 22.0 37.9
Closing a business (years to resolve insolvency) .. 3.2 2.1
Total tax rate (% of profit) .. 48.8 38.6
Profit tax (% of commercial profits) .. 7.4 14.3
New businesses registered (thousands) .. 21.7
New business density (new regis. per working-age pop.) .. 3.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) 1.7 10.4
Firms expected to give gifts in meetings w/tax officials (%) 35.9 0.2
Firms using banks to finance investments (% of firms) 20.4 33.4
Delay in obtaining an electrical connection (days) .. 50.2
ISO certification ownership (% of firms) 16.5 43.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 8.8 1.4 2.0
Gross fixed capital formation (% of GDP) 28.0 22.7 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -3.6 -6.1 -7.7
Government debt (% of GDP) 13.7 31.9 55.7
Deposit money banks’ assets (% of GDP) 52.4 65.1 140.0
Total financial system deposits (% of GDP) 58.1 63.6 108.5
Bank capital to asset ratio (%) 5.4 6.1 6.8
Bank nonperforming loans to total gross loans ratio (%) 29.3 4.6 3.4
Domestic credit to the private sector (% of GDP) 49.0 55.3 165.1
Real interest rate (%) 5.6 3.2
Interest rate spread (percentage points) 3.7 4.7 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 5,694 6,464 9,518
Power outages in a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 42.3 135.9 111.2
Internet users (per 100 people) 9.7 63.7 72.3

68 2011 The Little Data Book on Private Sector Development


Denmark High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.3 5.5 1,117
Labor force (millions) 2.9 3.0 547
Unemployment rate (% of labor force) 4.5 6.0 8.1
GNI per capita, World Bank Atlas method ($) 31,850 59,060 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.8 1.2 2.0
Agriculture value added (% of GDP) 2.6 0.9 1.5
Industry value added (% of GDP) 26.8 22.5 25.0
Manufacturing value added (% of GDP) 16.2 13.1 15.9
Services value added (% of GDP) 70.6 76.6 73.5
Inflation (annual % change in consumer price index) 2.9 1.3
Exchange rate (local currency units per $) 8.1 5.4
Exports of goods and services (% of GDP) 46.6 47.8 23.6
Imports of goods and services (% of GDP) 40.5 44.0 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 6
Time to start a business (days) .. 6 18
Procedures to start a business (number) .. 4 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. 1.1 2.1
Total tax rate (% of profit) .. 29.2 38.6
Profit tax (% of commercial profits) .. 21.9 14.3
New businesses registered (thousands) .. 16.5
New business density (new regis. per working-age pop.) .. 4.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 22.5 0.9 2.0
Gross fixed capital formation (% of GDP) 20.2 18.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 1.6 -2.1 -7.7
Government debt (% of GDP) 53.3 41.0 55.7
Deposit money banks’ assets (% of GDP) 146.2 236.0 140.0
Total financial system deposits (% of GDP) 35.4 59.4 108.5
Bank capital to asset ratio (%) 6.2 5.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.7 0.3 3.4
Domestic credit to the private sector (% of GDP) 135.3 231.6 165.1
Real interest rate (%) 4.9 ..
Interest rate spread (percentage points) 4.9 .. 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 6,485 6,460 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 63.0 133.9 111.2
Internet users (per 100 people) 39.2 85.9 72.3

The Little Data Book on Private Sector Development 2011 69


Djibouti
Middle East & North Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.73 0.86 3,811
Labor force (millions) 0.30 0.39 1,787
Unemployment rate (% of labor force) 59.5 .. 5.3
GNI per capita, World Bank Atlas method ($) 760 1,280 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -0.2 4.0 8.5
Agriculture value added (% of GDP) 3.5 3.9 13.3
Industry value added (% of GDP) 15.4 16.9 38.9
Manufacturing value added (% of GDP) 2.6 2.5 25.8
Services value added (% of GDP) 81.1 79.3 47.7
Inflation (annual % change in consumer price index) 1.7 1.7
Exchange rate (local currency units per $) 177.7 177.7
Exports of goods and services (% of GDP) 35.1 57.1 28.9
Imports of goods and services (% of GDP) 50.4 77.1 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 158
Time to start a business (days) .. 37 35
Procedures to start a business (number) .. 11 8
Firing cost (weeks of wages) .. 56.0 57.7
Closing a business (years to resolve insolvency) .. 5.0 3.3
Total tax rate (% of profit) .. 38.7 40.2
Profit tax (% of commercial profits) .. 17.7 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 50 396 41,477
Private foreign direct investment, net (% of GDP) 0.6 9.2 2.0
Gross fixed capital formation (% of GDP) 8.8 37.5 34.9
Gross fixed private capital formation (% of GDP) 6.1 25.2 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 36.2 32.5 107.6
Total financial system deposits (% of GDP) 47.6 78.9 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 32.1 29.3 92.9
Real interest rate (%) -2.3 1.9
Interest rate spread (percentage points) 8.6 9.4 7.3

Infrastructure
Paved roads (% of total roads) 45.0 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.0 14.9 57.8
Internet users (per 100 people) 0.2 3.0 17.2

70 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Dominica
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.07 0.07 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) 11.0 .. 9.1
GNI per capita, World Bank Atlas method ($) 3,200 4,900 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.2 2.9 4.4
Agriculture value added (% of GDP) 18.1 19.5 6.2
Industry value added (% of GDP) 23.5 23.2 31.5
Manufacturing value added (% of GDP) 8.8 4.2 16.7
Services value added (% of GDP) 58.4 57.3 62.4
Inflation (annual % change in consumer price index) 0.9 0.1
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 53.3 38.4 25.4
Imports of goods and services (% of GDP) 67.5 65.5 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 88
Time to start a business (days) .. 14 43
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 58.0 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. 37.0 43.0
Profit tax (% of commercial profits) .. 25.9 18.0
New businesses registered (thousands) .. 0.2
New business density (new regis. per working-age pop.) .. 3.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 19 5 64,899
Private foreign direct investment, net (% of GDP) 6.5 13.3 2.4
Gross fixed capital formation (% of GDP) 28.1 29.5 20.7
Gross fixed private capital formation (% of GDP) 8.1 6.9 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 79.9 63.0 60.6
Total financial system deposits (% of GDP) 68.6 101.1 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 62.0 63.3 47.8
Real interest rate (%) 11.0 8.2
Interest rate spread (percentage points) 7.8 6.8 5.5

Infrastructure
Paved roads (% of total roads) 50.4 .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.7 144.0 100.6
Internet users (per 100 people) 8.4 38.0 34.6

The Little Data Book on Private Sector Development 2011 71


Dominican Republic
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.8 10.1 1,002
Labor force (millions) 3.7 4.5 458
Unemployment rate (% of labor force) 14.2 14.2 9.1
GNI per capita, World Bank Atlas method ($) 2,550 4,550 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.0 5.5 4.4
Agriculture value added (% of GDP) 7.2 6.2 6.2
Industry value added (% of GDP) 35.9 32.5 31.5
Manufacturing value added (% of GDP) 26.1 24.5 16.7
Services value added (% of GDP) 56.8 61.3 62.4
Inflation (annual % change in consumer price index) 7.7 1.4
Exchange rate (local currency units per $) 16.4 36.0
Exports of goods and services (% of GDP) 37.0 22.2 25.4
Imports of goods and services (% of GDP) 45.9 30.3 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 91
Time to start a business (days) .. 19 43
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 88.0 40.1
Closing a business (years to resolve insolvency) .. 3.5 2.9
Total tax rate (% of profit) .. 40.7 43.0
Profit tax (% of commercial profits) .. 20.5 18.0
New businesses registered (thousands) .. 12.9
New business density (new regis. per working-age pop.) .. 2.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 8.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 1,076 740 64,899
Private foreign direct investment, net (% of GDP) 4.0 4.4 2.4
Gross fixed capital formation (% of GDP) 20.5 14.7 20.7
Gross fixed private capital formation (% of GDP) .. 0.0 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -3.8 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 31.1 23.6 60.6
Total financial system deposits (% of GDP) 25.5 19.6 47.4
Bank capital to asset ratio (%) 9.4 9.1 9.7
Bank nonperforming loans to total gross loans ratio (%) 2.6 4.0 4.2
Domestic credit to the private sector (% of GDP) 29.0 21.3 47.8
Real interest rate (%) 18.6 14.7
Interest rate spread (percentage points) 9.1 10.3 5.5

Infrastructure
Paved roads (% of total roads) 49.4 .. 36.8
Electric power consumption (kWh per capita) 709 1,377 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 8.0 85.5 100.6
Internet users (per 100 people) 3.7 26.8 34.6

72 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Ecuador
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 12.3 13.6 3,811
Labor force (millions) 4.8 5.9 1,787
Unemployment rate (% of labor force) 9.0 6.5 5.3
GNI per capita, World Bank Atlas method ($) 1,340 3,970 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.7 5.0 8.5
Agriculture value added (% of GDP) .. 6.2 13.3
Industry value added (% of GDP) .. 23.2 38.9
Manufacturing value added (% of GDP) .. 9.9 25.8
Services value added (% of GDP) .. 70.6 47.7
Inflation (annual % change in consumer price index) 96.1 5.2
Exchange rate (local currency units per $) 11,786.8 ..
Exports of goods and services (% of GDP) 37.1 37.1 28.9
Imports of goods and services (% of GDP) 31.0 48.1 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 130
Time to start a business (days) .. 56 35
Procedures to start a business (number) .. 13 8
Firing cost (weeks of wages) .. 135.0 57.7
Closing a business (years to resolve insolvency) .. 5.3 3.3
Total tax rate (% of profit) .. 35.3 40.2
Profit tax (% of commercial profits) .. 18.4 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 17.3
Firms expected to give gifts in meetings w/tax officials (%) .. 11.3
Firms using banks to finance investments (% of firms) .. 24.0
Delay in obtaining an electrical connection (days) .. 23.3
ISO certification ownership (% of firms) .. 18.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 20 259 41,477
Private foreign direct investment, net (% of GDP) -0.1 0.6 2.0
Gross fixed capital formation (% of GDP) 20.5 28.2 34.9
Gross fixed private capital formation (% of GDP) 15.6 -10.8 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) 12.9 7.7 10.0
Bank nonperforming loans to total gross loans ratio (%) 31.0 2.9 5.1
Domestic credit to the private sector (% of GDP) 29.9 25.3 92.9
Real interest rate (%) 26.0 6.3
Interest rate spread (percentage points) 8.3 7.1 7.3

Infrastructure
Paved roads (% of total roads) 18.9 14.8 36.3
Electric power consumption (kWh per capita) 654 1,137 1,318
Power outages in a typical month (number) .. 2.5
Mobile cellular subscriptions (per 100 people) 3.9 100.1 57.8
Internet users (per 100 people) 1.5 15.1 17.2

The Little Data Book on Private Sector Development 2011 73


Egypt, Arab Rep.
Middle East & North Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 70.2 83.0 3,811
Labor force (millions) 21.7 27.4 1,787
Unemployment rate (% of labor force) 9.0 9.4 5.3
GNI per capita, World Bank Atlas method ($) 1,390 2,070 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.2 4.9 8.5
Agriculture value added (% of GDP) 16.7 13.7 13.3
Industry value added (% of GDP) 33.1 37.3 38.9
Manufacturing value added (% of GDP) 19.4 16.0 25.8
Services value added (% of GDP) 50.1 49.0 47.7
Inflation (annual % change in consumer price index) 2.7 11.8
Exchange rate (local currency units per $) 3.5 5.5
Exports of goods and services (% of GDP) 16.2 25.0 28.9
Imports of goods and services (% of GDP) 22.8 31.9 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 94
Time to start a business (days) .. 7 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 132.0 57.7
Closing a business (years to resolve insolvency) .. 4.2 3.3
Total tax rate (% of profit) .. 42.6 40.2
Profit tax (% of commercial profits) .. 13.2 16.3
New businesses registered (thousands) .. 6.3
New business density (new regis. per working-age pop.) .. 0.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 8.8
Firms expected to give gifts in meetings w/tax officials (%) .. 5.3
Firms using banks to finance investments (% of firms) .. 5.6
Delay in obtaining an electrical connection (days) .. 92.4
ISO certification ownership (% of firms) .. 21.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 864 1,791 41,477
Private foreign direct investment, net (% of GDP) 1.2 3.6 2.0
Gross fixed capital formation (% of GDP) 18.9 19.0 34.9
Gross fixed private capital formation (% of GDP) 9.1 10.9 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -6.7 -6.6 -2.3
Government debt (% of GDP) .. 79.5 ..
Deposit money banks’ assets (% of GDP) 77.1 63.7 107.6
Total financial system deposits (% of GDP) 67.6 71.2 54.9
Bank capital to asset ratio (%) 5.6 6.4 10.0
Bank nonperforming loans to total gross loans ratio (%) 13.6 13.4 5.1
Domestic credit to the private sector (% of GDP) 52.0 36.2 92.9
Real interest rate (%) 7.9 1.0
Interest rate spread (percentage points) 3.8 5.5 7.3

Infrastructure
Paved roads (% of total roads) 78.1 86.9 36.3
Electric power consumption (kWh per capita) 958 1,425 1,318
Power outages in a typical month (number) .. 1.1
Mobile cellular subscriptions (per 100 people) 1.9 66.7 57.8
Internet users (per 100 people) 0.6 20.0 17.2

74 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
El Salvador
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.9 6.2 3,811
Labor force (millions) 2.3 2.5 1,787
Unemployment rate (% of labor force) 7.0 5.9 5.3
GNI per capita, World Bank Atlas method ($) 2,110 3,370 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.3 2.6 8.5
Agriculture value added (% of GDP) 10.5 12.5 13.3
Industry value added (% of GDP) 31.6 27.5 38.9
Manufacturing value added (% of GDP) 24.7 21.4 25.8
Services value added (% of GDP) 57.9 60.1 47.7
Inflation (annual % change in consumer price index) 2.3 1.1
Exchange rate (local currency units per $) 8.8 8.8
Exports of goods and services (% of GDP) 27.4 22.3 28.9
Imports of goods and services (% of GDP) 42.4 37.8 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 86
Time to start a business (days) .. 17 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 86.0 57.7
Closing a business (years to resolve insolvency) .. 4.0 3.3
Total tax rate (% of profit) .. 35.0 40.2
Profit tax (% of commercial profits) .. 17.0 16.3
New businesses registered (thousands) .. 4.4
New business density (new regis. per working-age pop.) .. 1.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.2
Firms expected to give gifts in meetings w/tax officials (%) .. 2.6
Firms using banks to finance investments (% of firms) .. 17.3
Delay in obtaining an electrical connection (days) .. 22.1
ISO certification ownership (% of firms) .. 11.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 277 87 41,477
Private foreign direct investment, net (% of GDP) 1.3 2.0 2.0
Gross fixed capital formation (% of GDP) 16.9 13.1 34.9
Gross fixed private capital formation (% of GDP) 14.2 10.6 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -4.7 -5.0 -2.3
Government debt (% of GDP) 55.3 48.5 ..
Deposit money banks’ assets (% of GDP) 5.5 5.1 107.6
Total financial system deposits (% of GDP) 4.9 4.8 54.9
Bank capital to asset ratio (%) 8.8 13.2 10.0
Bank nonperforming loans to total gross loans ratio (%) 4.3 3.6 5.1
Domestic credit to the private sector (% of GDP) 45.2 41.3 92.9
Real interest rate (%) 10.5 ..
Interest rate spread (percentage points) 4.6 .. 7.3

Infrastructure
Paved roads (% of total roads) 19.8 .. 36.3
Electric power consumption (kWh per capita) 680 953 1,318
Power outages in a typical month (number) .. 2.3
Mobile cellular subscriptions (per 100 people) 12.5 122.8 57.8
Internet users (per 100 people) 1.2 14.4 17.2

The Little Data Book on Private Sector Development 2011 75


Equatorial Guinea High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.53 0.68 1,117
Labor force (millions) 0.19 0.26 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) 1,250 12,420 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 36.0 16.8 2.0
Agriculture value added (% of GDP) 9.8 3.5 1.5
Industry value added (% of GDP) 85.9 91.9 25.0
Manufacturing value added (% of GDP) 1.4 18.2 15.9
Services value added (% of GDP) 4.2 4.7 73.5
Inflation (annual % change in consumer price index) 4.8 6.6
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 98.6 74.1 23.6
Imports of goods and services (% of GDP) 85.4 41.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 164
Time to start a business (days) .. 136 18
Procedures to start a business (number) .. 20 6
Firing cost (weeks of wages) .. 133.0 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. 59.5 38.6
Profit tax (% of commercial profits) .. 13.5 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 12.3 15.7 2.0
Gross fixed capital formation (% of GDP) 61.3 36.6 18.0
Gross fixed private capital formation (% of GDP) 56.2 16.1 ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 3.3 2.9 140.0
Total financial system deposits (% of GDP) 3.7 6.5 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 3.0 7.7 165.1
Real interest rate (%) -16.8 16.4
Interest rate spread (percentage points) 17.0 10.8 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.9 65.8 111.2
Internet users (per 100 people) 0.1 2.1 72.3

76 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Eritrea Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.7 5.1 846
Labor force (millions) 1.4 2.2 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 170 320 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.5 0.2 5.4
Agriculture value added (% of GDP) 15.1 14.4 26.1
Industry value added (% of GDP) 23.0 22.2 24.4
Manufacturing value added (% of GDP) 11.2 5.6 12.4
Services value added (% of GDP) 61.9 63.4 49.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 9.6 15.4
Exports of goods and services (% of GDP) 15.1 4.5 23.2
Imports of goods and services (% of GDP) 81.8 20.3 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 180
Time to start a business (days) .. 84 41
Procedures to start a business (number) .. 13 8
Firing cost (weeks of wages) .. 69.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 84.5 76.5
Profit tax (% of commercial profits) .. 8.8 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 0.5
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 40 .. 4,779
Private foreign direct investment, net (% of GDP) 4.4 0.0 2.7
Gross fixed capital formation (% of GDP) 23.8 10.6 22.9
Gross fixed private capital formation (% of GDP) 5.0 1.2 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 31.8
Total financial system deposits (% of GDP) .. .. 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 32.5 16.6 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 21.8 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 3.0
Mobile cellular subscriptions (per 100 people) 0.0 2.8 26.6
Internet users (per 100 people) 0.1 4.9 2.7

The Little Data Book on Private Sector Development 2011 77


Estonia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.4 1.3 1,117
Labor force (millions) 0.66 0.70 547
Unemployment rate (% of labor force) 13.1 13.7 8.1
GNI per capita, World Bank Atlas method ($) 4,220 14,060 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.8 5.9 2.0
Agriculture value added (% of GDP) 4.8 2.9 1.5
Industry value added (% of GDP) 27.5 29.1 25.0
Manufacturing value added (% of GDP) 17.7 16.7 15.9
Services value added (% of GDP) 67.6 68.0 73.5
Inflation (annual % change in consumer price index) 4.0 -0.1
Exchange rate (local currency units per $) 17.0 11.3
Exports of goods and services (% of GDP) 84.6 70.6 23.6
Imports of goods and services (% of GDP) 88.2 65.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 17
Time to start a business (days) .. 7 18
Procedures to start a business (number) .. 5 6
Firing cost (weeks of wages) .. 35.0 37.9
Closing a business (years to resolve insolvency) .. 3.0 2.1
Total tax rate (% of profit) .. 49.6 38.6
Profit tax (% of commercial profits) .. 8.0 14.3
New businesses registered (thousands) .. 7.2
New business density (new regis. per working-age pop.) .. 8.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) 2.4 5.5
Firms expected to give gifts in meetings w/tax officials (%) 18.5 0.0
Firms using banks to finance investments (% of firms) 24.2 41.5
Delay in obtaining an electrical connection (days) 3.5 207.2
ISO certification ownership (% of firms) 7.5 21.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 6.8 9.2 2.0
Gross fixed capital formation (% of GDP) 25.7 21.8 18.0
Gross fixed private capital formation (% of GDP) 22.9 31.0 ..

Finance and banking


Government cash surplus or deficit (% of GDP) 0.2 -1.3 -7.7
Government debt (% of GDP) 4.3 9.1 55.7
Deposit money banks’ assets (% of GDP) 37.4 110.0 140.0
Total financial system deposits (% of GDP) 27.8 56.2 108.5
Bank capital to asset ratio (%) 12.6 8.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.0 5.2 3.4
Domestic credit to the private sector (% of GDP) 36.1 110.2 165.1
Real interest rate (%) 2.4 10.0
Interest rate spread (percentage points) 3.7 4.6 3.8

Infrastructure
Paved roads (% of total roads) 20.1 28.8 93.4
Electric power consumption (kWh per capita) 4,629 6,348 9,518
Power outages in a typical month (number) .. 1.2
Mobile cellular subscriptions (per 100 people) 40.7 203.0 111.2
Internet users (per 100 people) 28.6 72.3 72.3

78 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Ethiopia Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 65.5 82.8 846
Labor force (millions) 29.0 40.0 384
Unemployment rate (% of labor force) 8.2 20.5 ..
GNI per capita, World Bank Atlas method ($) 130 330 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 8.5 5.4
Agriculture value added (% of GDP) 49.9 50.7 26.1
Industry value added (% of GDP) 12.4 10.7 24.4
Manufacturing value added (% of GDP) 5.5 4.0 12.4
Services value added (% of GDP) 37.8 38.6 49.5
Inflation (annual % change in consumer price index) 0.7 8.5
Exchange rate (local currency units per $) 8.2 11.8
Exports of goods and services (% of GDP) 12.0 10.6 23.2
Imports of goods and services (% of GDP) 24.0 28.8 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 104
Time to start a business (days) .. 9 41
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 40.0 71.0
Closing a business (years to resolve insolvency) .. 3.0 3.7
Total tax rate (% of profit) .. 31.1 76.5
Profit tax (% of commercial profits) .. 26.8 24.8
New businesses registered (thousands) .. 1.3
New business density (new regis. per working-age pop.) .. 0.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) 2.1 3.8
Firms expected to give gifts in meetings w/tax officials (%) .. 4.4
Firms using banks to finance investments (% of firms) 31.0 11.0
Delay in obtaining an electrical connection (days) .. 44.2
ISO certification ownership (% of firms) 2.3 4.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) .. 4 4,779
Private foreign direct investment, net (% of GDP) 1.6 0.8 2.7
Gross fixed capital formation (% of GDP) 20.3 22.4 22.9
Gross fixed private capital formation (% of GDP) 8.1 5.9 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -4.2 -4.5 -1.4
Government debt (% of GDP) 84.2 .. ..
Deposit money banks’ assets (% of GDP) 27.3 23.7 31.8
Total financial system deposits (% of GDP) 28.1 27.1 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 23.1 17.8 26.3
Real interest rate (%) 3.8 -17.2
Interest rate spread (percentage points) 4.9 3.3 11.5

Infrastructure
Paved roads (% of total roads) 12.0 13.7 12.0
Electric power consumption (kWh per capita) 23 42 231
Power outages in a typical month (number) .. 5.0
Mobile cellular subscriptions (per 100 people) 0.0 4.9 26.6
Internet users (per 100 people) 0.0 0.5 2.7

The Little Data Book on Private Sector Development 2011 79


Faeroe Islands High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.05 0.05 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) .. 3.2 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 8.1 5.4
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 37.1 117.2 111.2
Internet users (per 100 people) 32.8 77.1 72.3

80 2011 The Little Data Book on Private Sector Development


East Asia & Pacific Upper middle income
Fiji
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.80 0.85 1,002
Labor force (millions) 0.31 0.34 458
Unemployment rate (% of labor force) .. 8.6 9.1
GNI per capita, World Bank Atlas method ($) 2,260 3,840 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.2 1.4 4.4
Agriculture value added (% of GDP) 17.1 13.2 6.2
Industry value added (% of GDP) 22.3 17.9 31.5
Manufacturing value added (% of GDP) 14.0 14.0 16.7
Services value added (% of GDP) 60.6 68.8 62.4
Inflation (annual % change in consumer price index) 1.1 3.7
Exchange rate (local currency units per $) 2.1 2.0
Exports of goods and services (% of GDP) 65.2 47.1 25.4
Imports of goods and services (% of GDP) 70.3 61.7 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 62
Time to start a business (days) .. 46 43
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 22.0 40.1
Closing a business (years to resolve insolvency) .. 1.8 2.9
Total tax rate (% of profit) .. 39.3 43.0
Profit tax (% of commercial profits) .. 28.9 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.4
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 3 90 64,899
Private foreign direct investment, net (% of GDP) 0.0 2.0 2.4
Gross fixed capital formation (% of GDP) 15.4 20.9 20.7
Gross fixed private capital formation (% of GDP) 10.2 18.2 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -2.9 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 38.4 45.5 60.6
Total financial system deposits (% of GDP) 36.8 43.6 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 32.0 49.9 47.8
Real interest rate (%) 13.7 7.5
Interest rate spread (percentage points) 7.5 7.1 5.5

Infrastructure
Paved roads (% of total roads) 49.2 .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. 1.7
Mobile cellular subscriptions (per 100 people) 6.9 75.4 100.6
Internet users (per 100 people) 1.5 13.4 34.6

The Little Data Book on Private Sector Development 2011 81


Finland High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.2 5.3 1,117
Labor force (millions) 2.7 2.7 547
Unemployment rate (% of labor force) 9.7 8.2 8.1
GNI per capita, World Bank Atlas method ($) 25,430 45,940 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.9 2.5 2.0
Agriculture value added (% of GDP) 3.5 2.7 1.5
Industry value added (% of GDP) 34.7 28.2 25.0
Manufacturing value added (% of GDP) 26.5 18.2 15.9
Services value added (% of GDP) 61.8 69.2 73.5
Inflation (annual % change in consumer price index) 3.4 0.0
Exchange rate (local currency units per $) 5.3 ..
Exports of goods and services (% of GDP) 43.6 37.4 23.6
Imports of goods and services (% of GDP) 34.5 34.9 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 13
Time to start a business (days) .. 14 18
Procedures to start a business (number) .. 3 6
Firing cost (weeks of wages) .. 26.0 37.9
Closing a business (years to resolve insolvency) .. 0.9 2.1
Total tax rate (% of profit) .. 44.6 38.6
Profit tax (% of commercial profits) .. 15.9 14.3
New businesses registered (thousands) .. 11.8
New business density (new regis. per working-age pop.) .. 3.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.5 0.0 2.0
Gross fixed capital formation (% of GDP) 20.0 19.5 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 6.7 4.6 -7.7
Government debt (% of GDP) 55.2 36.2 55.7
Deposit money banks’ assets (% of GDP) 55.6 98.3 140.0
Total financial system deposits (% of GDP) 46.1 62.6 108.5
Bank capital to asset ratio (%) 6.3 6.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.6 0.7 3.4
Domestic credit to the private sector (% of GDP) 53.2 94.4 165.1
Real interest rate (%) 2.9 3.2
Interest rate spread (percentage points) 4.0 2.7 3.8

Infrastructure
Paved roads (% of total roads) 62.0 65.5 93.4
Electric power consumption (kWh per capita) 15,286 16,350 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 72.0 144.2 111.2
Internet users (per 100 people) 37.2 83.9 72.3

82 2011 The Little Data Book on Private Sector Development


France High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions)a 58.9 62.6 1,117
Labor force (millions) 26.4 28.7 547
Unemployment rate (% of labor force) 10.2 9.1 8.1
GNI per capita, World Bank Atlas method ($) 24,450 42,620 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.9 1.5 2.0
Agriculture value added (% of GDP) 2.8 1.7 1.5
Industry value added (% of GDP) 22.9 18.8 25.0
Manufacturing value added (% of GDP) 16.0 10.6 15.9
Services value added (% of GDP) 74.3 79.4 73.5
Inflation (annual % change in consumer price index) 1.7 0.1
Exchange rate (local currency units per $) 5.9 ..
Exports of goods and services (% of GDP) 28.6 23.0 23.6
Imports of goods and services (% of GDP) 27.7 25.0 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 26
Time to start a business (days) .. 7 18
Procedures to start a business (number) .. 5 6
Firing cost (weeks of wages) .. 32.0 37.9
Closing a business (years to resolve insolvency) .. 1.9 2.1
Total tax rate (% of profit) .. 65.8 38.6
Profit tax (% of commercial profits) .. 8.2 14.3
New businesses registered (thousands) .. 128.9
New business density (new regis. per working-age pop.) .. 3.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 3.2 2.3 2.0
Gross fixed capital formation (% of GDP) 19.5 20.6 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -1.7 -7.3 -7.7
Government debt (% of GDP) 60.7 82.8 55.7
Deposit money banks’ assets (% of GDP) 103.1 127.4 140.0
Total financial system deposits (% of GDP) 62.5 78.6 108.5
Bank capital to asset ratio (%) 6.7 4.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 5.0 3.6 3.4
Domestic credit to the private sector (% of GDP) 85.0 110.3 165.1
Real interest rate (%) 5.2 4.9
Interest rate spread (percentage points) 4.1 4.4 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 7,485 7,931 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 49.3 95.1 111.2
Internet users (per 100 people) 14.4 71.3 72.3
a. Excludes the French overseas departments of French Guiana, Guadeloupe, Martinique, and Reunion.
The Little Data Book on Private Sector Development 2011 83
French Polynesia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.24 0.27 1,117
Labor force (millions) 0.10 0.11 547
Unemployment rate (% of labor force) 11.7 11.7 8.1
GNI per capita, World Bank Atlas method ($) 16,080 .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 .. 2.0
Agriculture value added (% of GDP) 4.7 .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 129.5 87.2
Exports of goods and services (% of GDP) 4.9 .. 23.6
Imports of goods and services (% of GDP) 24.2 .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 16.9 77.4 111.2
Internet users (per 100 people) 6.4 44.6 72.3

84 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Gabon
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.2 1.5 1,002
Labor force (millions) 0.54 0.71 458
Unemployment rate (% of labor force) .. .. 9.1
GNI per capita, World Bank Atlas method ($) 3,080 7,370 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.3 2.1 4.4
Agriculture value added (% of GDP) 6.2 5.1 6.2
Industry value added (% of GDP) 56.3 53.8 31.5
Manufacturing value added (% of GDP) 3.7 4.3 16.7
Services value added (% of GDP) 37.5 41.2 62.4
Inflation (annual % change in consumer price index) 0.5 1.9
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 69.0 52.2 25.4
Imports of goods and services (% of GDP) 32.7 33.3 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 156
Time to start a business (days) .. 58 43
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 43.0 40.1
Closing a business (years to resolve insolvency) .. 5.0 2.9
Total tax rate (% of profit) .. 43.5 43.0
Profit tax (% of commercial profits) .. 18.4 18.0
New businesses registered (thousands) .. 3.5
New business density (new regis. per working-age pop.) .. 4.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 12 91 64,899
Private foreign direct investment, net (% of GDP) -0.8 0.3 2.4
Gross fixed capital formation (% of GDP) 21.9 28.4 20.7
Gross fixed private capital formation (% of GDP) 19.0 23.2 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 11.7 10.6 60.6
Total financial system deposits (% of GDP) 11.4 14.2 47.4
Bank capital to asset ratio (%) .. 16.2 9.7
Bank nonperforming loans to total gross loans ratio (%) 6.6 9.8 4.2
Domestic credit to the private sector (% of GDP) 8.7 10.1 47.8
Real interest rate (%) -4.8 9.3
Interest rate spread (percentage points) 17.0 10.8 5.5

Infrastructure
Paved roads (% of total roads) 9.9 10.2 36.8
Electric power consumption (kWh per capita) 876 1,158 3,001
Power outages in a typical month (number) .. 7.2
Mobile cellular subscriptions (per 100 people) 9.7 93.1 100.6
Internet users (per 100 people) 1.2 6.7 34.6

The Little Data Book on Private Sector Development 2011 85


Gambia, The
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.3 1.7 846
Labor force (millions) 0.58 0.77 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 330 440 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.6 5.2 5.4
Agriculture value added (% of GDP) 35.8 27.5 26.1
Industry value added (% of GDP) 13.1 15.5 24.4
Manufacturing value added (% of GDP) 5.4 5.0 12.4
Services value added (% of GDP) 51.1 57.1 49.5
Inflation (annual % change in consumer price index) 0.8 4.6
Exchange rate (local currency units per $) 12.8 26.6
Exports of goods and services (% of GDP) 48.0 30.4 23.2
Imports of goods and services (% of GDP) 56.8 50.1 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 146
Time to start a business (days) .. 27 41
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 26.0 71.0
Closing a business (years to resolve insolvency) .. 3.0 3.7
Total tax rate (% of profit) .. 292.3 76.5
Profit tax (% of commercial profits) .. 41.4 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.3
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 7 35 4,779
Private foreign direct investment, net (% of GDP) 2.9 5.4 2.7
Gross fixed capital formation (% of GDP) 17.4 24.8 22.9
Gross fixed private capital formation (% of GDP) 12.8 13.9 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 34.2 26.7 31.8
Total financial system deposits (% of GDP) 33.5 35.1 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 12.5 18.9 26.3
Real interest rate (%) 19.6 24.1
Interest rate spread (percentage points) 11.5 11.5 11.5

Infrastructure
Paved roads (% of total roads) .. 19.3 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 23.7
Mobile cellular subscriptions (per 100 people) 0.4 84.0 26.6
Internet users (per 100 people) 0.9 7.6 2.7

86 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Georgia
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.7 4.3 3,811
Labor force (millions) 2.4 2.3 1,787
Unemployment rate (% of labor force) 10.8 16.5 5.3
GNI per capita, World Bank Atlas method ($) 730 2,530 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.6 7.4 8.5
Agriculture value added (% of GDP) 21.9 9.6 13.3
Industry value added (% of GDP) 22.4 21.4 38.9
Manufacturing value added (% of GDP) 9.1 11.6 25.8
Services value added (% of GDP) 55.7 69.0 47.7
Inflation (annual % change in consumer price index) 4.0 1.7
Exchange rate (local currency units per $) 2.0 1.7
Exports of goods and services (% of GDP) 23.0 29.5 28.9
Imports of goods and services (% of GDP) 39.7 49.0 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 12
Time to start a business (days) .. 3 35
Procedures to start a business (number) .. 3 8
Firing cost (weeks of wages) .. 4.0 57.7
Closing a business (years to resolve insolvency) .. 3.3 3.3
Total tax rate (% of profit) .. 15.3 40.2
Profit tax (% of commercial profits) .. 13.3 16.3
New businesses registered (thousands) .. 7.2
New business density (new regis. per working-age pop.) .. 2.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) 11.0 2.1
Firms expected to give gifts in meetings w/tax officials (%) 81.2 8.4
Firms using banks to finance investments (% of firms) 25.9 38.2
Delay in obtaining an electrical connection (days) 1.9 11.4
ISO certification ownership (% of firms) 16.8 16.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 49 154 41,477
Private foreign direct investment, net (% of GDP) 4.3 6.1 2.0
Gross fixed capital formation (% of GDP) 25.4 14.4 34.9
Gross fixed private capital formation (% of GDP) 24.5 6.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -1.6 -7.8 -2.3
Government debt (% of GDP) 69.9 34.7 ..
Deposit money banks’ assets (% of GDP) 7.5 32.1 107.6
Total financial system deposits (% of GDP) 5.2 19.1 54.9
Bank capital to asset ratio (%) 30.5 18.3 10.0
Bank nonperforming loans to total gross loans ratio (%) 11.6 6.3 5.1
Domestic credit to the private sector (% of GDP) 8.7 31.2 92.9
Real interest rate (%) 26.8 28.1
Interest rate spread (percentage points) 22.6 15.2 7.3

Infrastructure
Paved roads (% of total roads) 93.4 94.1 36.3
Electric power consumption (kWh per capita) 1,353 1,678 1,318
Power outages in a typical month (number) .. 3.3
Mobile cellular subscriptions (per 100 people) 4.1 66.6 57.8
Internet users (per 100 people) 0.5 30.5 17.2

The Little Data Book on Private Sector Development 2011 87


Germany High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 82.2 81.9 1,117
Labor force (millions) 40.4 42.3 547
Unemployment rate (% of labor force) 7.7 7.7 8.1
GNI per capita, World Bank Atlas method ($) 25,510 42,450 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.0 1.0 2.0
Agriculture value added (% of GDP) 1.3 0.8 1.5
Industry value added (% of GDP) 30.3 26.5 25.0
Manufacturing value added (% of GDP) 22.9 19.1 15.9
Services value added (% of GDP) 68.5 72.7 73.5
Inflation (annual % change in consumer price index) 1.5 0.3
Exchange rate (local currency units per $) 1.8 ..
Exports of goods and services (% of GDP) 33.4 40.8 23.6
Imports of goods and services (% of GDP) 33.0 35.9 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 22
Time to start a business (days) .. 15 18
Procedures to start a business (number) .. 9 6
Firing cost (weeks of wages) .. 69.0 37.9
Closing a business (years to resolve insolvency) .. 1.2 2.1
Total tax rate (% of profit) .. 48.2 38.6
Profit tax (% of commercial profits) .. 23.0 14.3
New businesses registered (thousands) .. 64.8
New business density (new regis. per working-age pop.) .. 1.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 1.2
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 11.1 1.2 2.0
Gross fixed capital formation (% of GDP) 21.5 17.6 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 1.4 -2.2 -7.7
Government debt (% of GDP) 37.8 47.2 55.7
Deposit money banks’ assets (% of GDP) 145.2 132.2 140.0
Total financial system deposits (% of GDP) 90.8 117.2 108.5
Bank capital to asset ratio (%) 4.2 4.8 6.8
Bank nonperforming loans to total gross loans ratio (%) 4.7 3.3 3.4
Domestic credit to the private sector (% of GDP) 118.6 112.3 165.1
Real interest rate (%) 10.4 ..
Interest rate spread (percentage points) 6.2 .. 3.8

Infrastructure
Paved roads (% of total roads) .. 100.0 93.4
Electric power consumption (kWh per capita) 6,636 7,149 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 58.6 128.2 111.2
Internet users (per 100 people) 30.2 79.5 72.3

88 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Ghana
Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 19.5 23.8 846
Labor force (millions) 8.6 11.0 384
Unemployment rate (% of labor force) 10.4 .. ..
GNI per capita, World Bank Atlas method ($) 330 1,190 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 5.8 5.4
Agriculture value added (% of GDP) 39.4 31.7 26.1
Industry value added (% of GDP) 28.4 18.9 24.4
Manufacturing value added (% of GDP) 10.1 6.9 12.4
Services value added (% of GDP) 32.2 49.5 49.5
Inflation (annual % change in consumer price index) 25.2 19.3
Exchange rate (local currency units per $) 0.5 1.4
Exports of goods and services (% of GDP) 48.8 30.5 23.2
Imports of goods and services (% of GDP) 67.2 41.3 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 67
Time to start a business (days) .. 12 41
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 178.0 71.0
Closing a business (years to resolve insolvency) .. 1.9 3.7
Total tax rate (% of profit) .. 32.7 76.5
Profit tax (% of commercial profits) .. 18.1 24.8
New businesses registered (thousands) .. 9.6
New business density (new regis. per working-age pop.) .. 0.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.0
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 10 847 4,779
Private foreign direct investment, net (% of GDP) 3.3 6.4 2.7
Gross fixed capital formation (% of GDP) 23.1 19.6 22.9
Gross fixed private capital formation (% of GDP) 12.7 11.6 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -6.5 -5.6 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 14.5 .. 31.8
Total financial system deposits (% of GDP) 16.8 .. 30.6
Bank capital to asset ratio (%) 11.8 17.0 ..
Bank nonperforming loans to total gross loans ratio (%) 11.9 16.2 ..
Domestic credit to the private sector (% of GDP) 14.0 15.9 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 29.6 14.9 12.0
Electric power consumption (kWh per capita) 324 268 231
Power outages in a typical month (number) .. 9.7
Mobile cellular subscriptions (per 100 people) 0.7 63.4 26.6
Internet users (per 100 people) 0.2 5.4 2.7

The Little Data Book on Private Sector Development 2011 89


Gibraltar High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.03 0.03 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 0.7 0.6
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) 4,325 5,349 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 19.2 92.1 111.2
Internet users (per 100 people) 19.1 65.1 72.3

90 2011 The Little Data Book on Private Sector Development


Greece High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.9 11.3 1,117
Labor force (millions) 4.9 5.2 547
Unemployment rate (% of labor force) 11.1 9.5 8.1
GNI per capita, World Bank Atlas method ($) 12,560 29,040 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 3.6 2.0
Agriculture value added (% of GDP) 6.6 3.1 1.5
Industry value added (% of GDP) 21.0 17.5 25.0
Manufacturing value added (% of GDP) 11.1 10.1 15.9
Services value added (% of GDP) 72.5 79.3 73.5
Inflation (annual % change in consumer price index) 3.2 1.2
Exchange rate (local currency units per $) 365.4 ..
Exports of goods and services (% of GDP) 24.9 18.6 23.6
Imports of goods and services (% of GDP) 38.4 29.3 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 109
Time to start a business (days) .. 19 18
Procedures to start a business (number) .. 15 6
Firing cost (weeks of wages) .. 24.0 37.9
Closing a business (years to resolve insolvency) .. 2.0 2.1
Total tax rate (% of profit) .. 47.2 38.6
Profit tax (% of commercial profits) .. 13.9 14.3
New businesses registered (thousands) .. 8.4
New business density (new regis. per working-age pop.) .. 1.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 1.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.9 0.7 2.0
Gross fixed capital formation (% of GDP) 21.6 16.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -3.7 -15.2 -7.7
Government debt (% of GDP) 123.9 138.5 55.7
Deposit money banks’ assets (% of GDP) 78.1 109.0 140.0
Total financial system deposits (% of GDP) 50.5 103.1 108.5
Bank capital to asset ratio (%) 8.9 6.1 6.8
Bank nonperforming loans to total gross loans ratio (%) 12.3 7.7 3.4
Domestic credit to the private sector (% of GDP) 47.0 91.7 165.1
Real interest rate (%) 8.6 2.8
Interest rate spread (percentage points) 6.2 4.3 3.8

Infrastructure
Paved roads (% of total roads) 91.8 .. 93.4
Electric power consumption (kWh per capita) 4,539 5,723 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 54.3 117.8 111.2
Internet users (per 100 people) 9.2 44.1 72.3

The Little Data Book on Private Sector Development 2011 91


Greenland High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.06 0.06 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 11.0 8.4 8.1
GNI per capita, World Bank Atlas method ($) 20,290 26,160 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.8 1.7 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 8.1 5.4
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 26.9 95.4 111.2
Internet users (per 100 people) 31.7 64.2 72.3

92 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Grenada
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.10 0.10 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) 10.2 .. 9.1
GNI per capita, World Bank Atlas method ($) 3,870 5,580 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.4 1.8 4.4
Agriculture value added (% of GDP) 7.3 6.5 6.2
Industry value added (% of GDP) 22.2 18.4 31.5
Manufacturing value added (% of GDP) 6.5 4.1 16.7
Services value added (% of GDP) 70.5 75.1 62.4
Inflation (annual % change in consumer price index) 3.5 -2.4
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 54.9 26.8 25.4
Imports of goods and services (% of GDP) 72.2 56.6 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 92
Time to start a business (days) .. 15 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 29.0 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. 45.3 43.0
Profit tax (% of commercial profits) .. 27.6 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 7 16 64,899
Private foreign direct investment, net (% of GDP) 8.7 14.5 2.4
Gross fixed capital formation (% of GDP) 41.8 23.2 20.7
Gross fixed private capital formation (% of GDP) 35.0 18.8 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 88.1 112.0 60.6
Total financial system deposits (% of GDP) 89.5 114.5 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 75.7 97.7 47.8
Real interest rate (%) 11.1 12.0
Interest rate spread (percentage points) 7.4 7.7 5.5

Infrastructure
Paved roads (% of total roads) 61.0 .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 4.2 61.6 100.6
Internet users (per 100 people) 4.1 24.1 34.6

The Little Data Book on Private Sector Development 2011 93


Guam High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.16 0.18 1,117
Labor force (millions) 0.07 0.08 547
Unemployment rate (% of labor force) 15.3 .. 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 17.5 59.1 111.2
Internet users (per 100 people) 16.1 50.6 72.3

94 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Guatemala
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 11.2 14.0 3,811
Labor force (millions) 4.0 5.5 1,787
Unemployment rate (% of labor force) 1.4 1.8 5.3
GNI per capita, World Bank Atlas method ($) 1,730 2,650 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.1 3.7 8.5
Agriculture value added (% of GDP) 15.1 12.4 13.3
Industry value added (% of GDP) 29.1 28.5 38.9
Manufacturing value added (% of GDP) 21.3 19.8 25.8
Services value added (% of GDP) 55.8 59.2 47.7
Inflation (annual % change in consumer price index) 6.0 1.9
Exchange rate (local currency units per $) 7.8 8.2
Exports of goods and services (% of GDP) 20.2 23.4 28.9
Imports of goods and services (% of GDP) 29.0 33.1 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 101
Time to start a business (days) .. 37 35
Procedures to start a business (number) .. 12 8
Firing cost (weeks of wages) .. 101.0 57.7
Closing a business (years to resolve insolvency) .. 3.0 3.3
Total tax rate (% of profit) .. 40.9 40.2
Profit tax (% of commercial profits) .. 25.9 16.3
New businesses registered (thousands) .. 5.1
New business density (new regis. per working-age pop.) .. 0.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.2
Firms expected to give gifts in meetings w/tax officials (%) .. 3.8
Firms using banks to finance investments (% of firms) .. 12.8
Delay in obtaining an electrical connection (days) .. 35.3
ISO certification ownership (% of firms) .. 8.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 147 206 41,477
Private foreign direct investment, net (% of GDP) 1.2 1.6 2.0
Gross fixed capital formation (% of GDP) 16.1 15.1 34.9
Gross fixed private capital formation (% of GDP) 13.7 12.0 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -1.8 -3.2 -2.3
Government debt (% of GDP) 17.0 23.3 ..
Deposit money banks’ assets (% of GDP) 22.1 36.0 107.6
Total financial system deposits (% of GDP) 18.2 39.0 54.9
Bank capital to asset ratio (%) 8.9 10.5 10.0
Bank nonperforming loans to total gross loans ratio (%) 7.9 2.7 5.1
Domestic credit to the private sector (% of GDP) 19.8 25.4 92.9
Real interest rate (%) 13.2 11.2
Interest rate spread (percentage points) 10.7 8.3 7.3

Infrastructure
Paved roads (% of total roads) 34.5 .. 36.3
Electric power consumption (kWh per capita) 343 543 1,318
Power outages in a typical month (number) .. 3.0
Mobile cellular subscriptions (per 100 people) 7.6 123.4 57.8
Internet users (per 100 people) 0.7 16.3 17.2

The Little Data Book on Private Sector Development 2011 95


Guinea
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.4 10.1 846
Labor force (millions) 4.0 4.8 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 400 370 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 3.0 5.4
Agriculture value added (% of GDP) 20.3 17.2 26.1
Industry value added (% of GDP) 32.5 53.0 24.4
Manufacturing value added (% of GDP) 4.0 5.3 12.4
Services value added (% of GDP) 47.2 29.8 49.5
Inflation (annual % change in consumer price index) .. 4.7
Exchange rate (local currency units per $) 1,746.9 5,500.0
Exports of goods and services (% of GDP) 23.6 40.7 23.2
Imports of goods and services (% of GDP) 27.9 45.4 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 179
Time to start a business (days) .. 41 41
Procedures to start a business (number) .. 13 8
Firing cost (weeks of wages) .. 26.0 71.0
Closing a business (years to resolve insolvency) .. 3.8 3.7
Total tax rate (% of profit) .. 54.6 76.5
Profit tax (% of commercial profits) .. 19.4 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.7
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 6 246 4,779
Private foreign direct investment, net (% of GDP) 0.3 1.2 2.7
Gross fixed capital formation (% of GDP) 18.9 21.6 22.9
Gross fixed private capital formation (% of GDP) 14.0 17.0 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -2.4 .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. 8.2 31.8
Total financial system deposits (% of GDP) .. 10.0 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 3.8 5.7 26.3
Real interest rate (%) 7.4 ..
Interest rate spread (percentage points) 11.9 .. 11.5

Infrastructure
Paved roads (% of total roads) 16.5 9.8 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 33.9
Mobile cellular subscriptions (per 100 people) 0.5 55.7 26.6
Internet users (per 100 people) 0.1 0.9 2.7

96 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Guinea-Bissau Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.3 1.6 846
Labor force (millions) 0.54 0.66 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 170 510 509
GDP growth, 1995–2000 and 2000–09 (average annual %) -2.7 1.0 5.4
Agriculture value added (% of GDP) 56.4 .. 26.1
Industry value added (% of GDP) 13.0 .. 24.4
Manufacturing value added (% of GDP) 10.5 .. 12.4
Services value added (% of GDP) 30.6 .. 49.5
Inflation (annual % change in consumer price index) 8.6 -1.7
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 31.8 .. 23.2
Imports of goods and services (% of GDP) 51.6 .. 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 176
Time to start a business (days) .. 216 41
Procedures to start a business (number) .. 17 8
Firing cost (weeks of wages) .. 87.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 45.9 76.5
Profit tax (% of commercial profits) .. 14.9 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.9
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 3 28 4,779
Private foreign direct investment, net (% of GDP) 0.3 1.7 2.7
Gross fixed capital formation (% of GDP) 11.3 .. 22.9
Gross fixed private capital formation (% of GDP) 1.3 .. 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 7.9 7.1 31.8
Total financial system deposits (% of GDP) 13.7 9.4 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 7.9 5.6 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 27.9 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 9.2
Mobile cellular subscriptions (per 100 people) 0.0 34.8 26.6
Internet users (per 100 people) 0.2 2.3 2.7

The Little Data Book on Private Sector Development 2011 97


Guyana
Latin America & Caribbean Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.76 0.76 3,811
Labor force (millions) 0.32 0.34 1,787
Unemployment rate (% of labor force) 9.1 .. 5.3
GNI per capita, World Bank Atlas method ($) 870 2,660 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.5 2.2 8.5
Agriculture value added (% of GDP) 31.1 20.6 13.3
Industry value added (% of GDP) 29.0 34.3 38.9
Manufacturing value added (% of GDP) 8.2 7.7 25.8
Services value added (% of GDP) 39.9 45.1 47.7
Inflation (annual % change in consumer price index) 6.1 2.9
Exchange rate (local currency units per $) 182.4 204.0
Exports of goods and services (% of GDP) 96.1 84.6 28.9
Imports of goods and services (% of GDP) 110.7 119.2 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 100
Time to start a business (days) .. 30 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 56.0 57.7
Closing a business (years to resolve insolvency) .. 3.0 3.3
Total tax rate (% of profit) .. 38.9 40.2
Profit tax (% of commercial profits) .. 26.8 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.3
Firms expected to give gifts in meetings w/tax officials (%) .. 5.4
Firms using banks to finance investments (% of firms) .. 32.6
Delay in obtaining an electrical connection (days) .. 93.4
ISO certification ownership (% of firms) .. 17.8

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 11 26 41,477
Private foreign direct investment, net (% of GDP) 9.4 7.1 2.0
Gross fixed capital formation (% of GDP) 23.8 26.6 34.9
Gross fixed private capital formation (% of GDP) 10.0 13.8 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 70.4 69.5 107.6
Total financial system deposits (% of GDP) 65.7 88.0 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 57.1 36.5 92.9
Real interest rate (%) 10.0 13.1
Interest rate spread (percentage points) 8.6 12.2 7.3

Infrastructure
Paved roads (% of total roads) 7.4 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 5.3 36.8 57.8
Internet users (per 100 people) 6.6 28.9 17.2

98 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Haiti
Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.6 10.0 846
Labor force (millions) 3.5 4.5 384
Unemployment rate (% of labor force) 7.2 .. ..
GNI per capita, World Bank Atlas method ($) .. .. 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.5 0.7 5.4
Agriculture value added (% of GDP) .. .. 26.1
Industry value added (% of GDP) .. .. 24.4
Manufacturing value added (% of GDP) .. .. 12.4
Services value added (% of GDP) .. .. 49.5
Inflation (annual % change in consumer price index) 13.7 0.0
Exchange rate (local currency units per $) 21.2 41.2
Exports of goods and services (% of GDP) 12.7 14.2 23.2
Imports of goods and services (% of GDP) 33.4 43.9 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 162
Time to start a business (days) .. 105 41
Procedures to start a business (number) .. 13 8
Firing cost (weeks of wages) .. 17.0 71.0
Closing a business (years to resolve insolvency) .. 5.7 3.7
Total tax rate (% of profit) .. 40.1 76.5
Profit tax (% of commercial profits) .. 23.3 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 101 176 4,779
Private foreign direct investment, net (% of GDP) 0.4 0.6 2.7
Gross fixed capital formation (% of GDP) .. .. 22.9
Gross fixed private capital formation (% of GDP) .. .. 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 17.5 14.7 31.8
Total financial system deposits (% of GDP) 29.9 30.5 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 15.5 14.5 26.3
Real interest rate (%) 7.3 13.3
Interest rate spread (percentage points) 7.0 16.2 11.5

Infrastructure
Paved roads (% of total roads) 24.3 .. 12.0
Electric power consumption (kWh per capita) 35 23 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.6 36.4 26.6
Internet users (per 100 people) 0.2 10.0 2.7

The Little Data Book on Private Sector Development 2011 99


Honduras
Latin America & Caribbean Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 6.2 7.5 3,811
Labor force (millions) 2.4 2.8 1,787
Unemployment rate (% of labor force) 4.1 2.9 5.3
GNI per capita, World Bank Atlas method ($) 930 1,800 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.8 4.9 8.5
Agriculture value added (% of GDP) 15.9 12.5 13.3
Industry value added (% of GDP) 32.5 27.1 38.9
Manufacturing value added (% of GDP) 22.7 18.6 25.8
Services value added (% of GDP) 51.7 60.4 47.7
Inflation (annual % change in consumer price index) 11.0 5.5
Exchange rate (local currency units per $) 14.8 18.9
Exports of goods and services (% of GDP) 54.0 42.1 28.9
Imports of goods and services (% of GDP) 66.4 60.8 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 131
Time to start a business (days) .. 14 35
Procedures to start a business (number) .. 13 8
Firing cost (weeks of wages) .. 95.0 57.7
Closing a business (years to resolve insolvency) .. 3.8 3.3
Total tax rate (% of profit) .. 48.3 40.2
Profit tax (% of commercial profits) .. 26.7 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.6
Firms expected to give gifts in meetings w/tax officials (%) .. 6.1
Firms using banks to finance investments (% of firms) .. 8.5
Delay in obtaining an electrical connection (days) .. 27.6
ISO certification ownership (% of firms) .. 16.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 127 277 41,477
Private foreign direct investment, net (% of GDP) 5.4 3.5 2.0
Gross fixed capital formation (% of GDP) 25.8 22.6 34.9
Gross fixed private capital formation (% of GDP) 20.3 19.1 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. -4.5 -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 34.7 51.9 107.6
Total financial system deposits (% of GDP) 35.2 46.5 54.9
Bank capital to asset ratio (%) 8.8 .. 10.0
Bank nonperforming loans to total gross loans ratio (%) 10.6 .. 5.1
Domestic credit to the private sector (% of GDP) 34.1 52.6 92.9
Real interest rate (%) -3.1 14.4
Interest rate spread (percentage points) 10.9 8.6 7.3

Infrastructure
Paved roads (% of total roads) 20.4 .. 36.3
Electric power consumption (kWh per capita) 515 708 1,318
Power outages in a typical month (number) .. 2.9
Mobile cellular subscriptions (per 100 people) 2.5 103.3 57.8
Internet users (per 100 people) 1.2 9.8 17.2

100 2011 The Little Data Book on Private Sector Development


Hong Kong SAR, China High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 6.7 7.0 1,117
Labor force (millions) 3.4 3.7 547
Unemployment rate (% of labor force) 4.9 5.2 8.1
GNI per capita, World Bank Atlas method ($) 26,570 31,570 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.8 4.7 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) 13.4 8.0 25.0
Manufacturing value added (% of GDP) 5.4 2.5 15.9
Services value added (% of GDP) 86.5 92.0 73.5
Inflation (annual % change in consumer price index) -3.8 0.6
Exchange rate (local currency units per $) 7.8 7.8
Exports of goods and services (% of GDP) 143.3 193.8 23.6
Imports of goods and services (% of GDP) 138.8 186.7 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 2
Time to start a business (days) .. 6 18
Procedures to start a business (number) .. 3 6
Firing cost (weeks of wages) .. 10.0 37.9
Closing a business (years to resolve insolvency) .. 1.1 2.1
Total tax rate (% of profit) .. 24.1 38.6
Profit tax (% of commercial profits) .. 18.7 14.3
New businesses registered (thousands) .. 101.0
New business density (new regis. per working-age pop.) .. 19.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 36.6 24.9 2.0
Gross fixed capital formation (% of GDP) 26.4 20.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -6.8 0.6 -7.7
Government debt (% of GDP) 27.7 30.5 55.7
Deposit money banks’ assets (% of GDP) 167.9 199.2 140.0
Total financial system deposits (% of GDP) 220.8 319.9 108.5
Bank capital to asset ratio (%) 9.0 12.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 7.3 1.1 3.4
Domestic credit to the private sector (% of GDP) 152.6 158.0 165.1
Real interest rate (%) 13.6 4.8
Interest rate spread (percentage points) 4.7 5.0 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 5,447 5,866 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 81.7 174.3 111.2
Internet users (per 100 people) 27.8 61.4 72.3

The Little Data Book on Private Sector Development 2011 101


Hungary High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.2 10.0 1,117
Labor force (millions) 4.2 4.3 547
Unemployment rate (% of labor force) 6.4 10.0 8.1
GNI per capita, World Bank Atlas method ($) 4,700 12,980 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.3 2.9 2.0
Agriculture value added (% of GDP) 5.4 4.3 1.5
Industry value added (% of GDP) 32.2 29.4 25.0
Manufacturing value added (% of GDP) 23.5 21.7 15.9
Services value added (% of GDP) 62.4 66.2 73.5
Inflation (annual % change in consumer price index) 9.8 4.2
Exchange rate (local currency units per $) 282.2 202.3
Exports of goods and services (% of GDP) 72.2 81.4 23.6
Imports of goods and services (% of GDP) 75.8 80.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 46
Time to start a business (days) .. 4 18
Procedures to start a business (number) .. 4 6
Firing cost (weeks of wages) .. 35.0 37.9
Closing a business (years to resolve insolvency) .. 2.0 2.1
Total tax rate (% of profit) .. 53.3 38.6
Profit tax (% of commercial profits) .. 16.7 14.3
New businesses registered (thousands) .. 43.0
New business density (new regis. per working-age pop.) .. 6.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) 5.2 13.5
Firms expected to give gifts in meetings w/tax officials (%) 27.4 0.7
Firms using banks to finance investments (% of firms) 21.6 48.7
Delay in obtaining an electrical connection (days) 9.6 48.0
ISO certification ownership (% of firms) 32.6 39.4

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 1,168 2,645 ..
Private foreign direct investment, net (% of GDP) 5.8 2.2 2.0
Gross fixed capital formation (% of GDP) 23.0 20.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -2.7 -4.0 -7.7
Government debt (% of GDP) 61.0 81.7 55.7
Deposit money banks’ assets (% of GDP) 41.1 82.7 140.0
Total financial system deposits (% of GDP) 38.0 47.4 108.5
Bank capital to asset ratio (%) 8.3 8.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 3.0 6.7 3.4
Domestic credit to the private sector (% of GDP) 31.4 71.3 165.1
Real interest rate (%) 0.9 6.1
Interest rate spread (percentage points) 3.1 5.2 3.8

Infrastructure
Paved roads (% of total roads) 43.7 37.7 93.4
Electric power consumption (kWh per capita) 3,309 3,989 9,518
Power outages in a typical month (number) .. 2.9
Mobile cellular subscriptions (per 100 people) 30.1 117.7 111.2
Internet users (per 100 people) 7.0 61.6 72.3

102 2011 The Little Data Book on Private Sector Development


Iceland High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.28 0.32 1,117
Labor force (millions) 0.17 0.20 547
Unemployment rate (% of labor force) 2.3 7.2 8.1
GNI per capita, World Bank Atlas method ($) 30,830 43,430 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.0 3.9 2.0
Agriculture value added (% of GDP) 9.1 6.4 1.5
Industry value added (% of GDP) 26.1 27.3 25.0
Manufacturing value added (% of GDP) 13.9 12.9 15.9
Services value added (% of GDP) 64.8 66.3 73.5
Inflation (annual % change in consumer price index) 5.1 12.0
Exchange rate (local currency units per $) 78.6 123.6
Exports of goods and services (% of GDP) 33.6 53.0 23.6
Imports of goods and services (% of GDP) 40.9 44.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 15
Time to start a business (days) .. 5 18
Procedures to start a business (number) .. 5 6
Firing cost (weeks of wages) .. 13.0 37.9
Closing a business (years to resolve insolvency) .. 1.0 2.1
Total tax rate (% of profit) .. 26.8 38.6
Profit tax (% of commercial profits) .. 6.9 14.3
New businesses registered (thousands) .. 2.6
New business density (new regis. per working-age pop.) .. 12.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.8 0.5 2.0
Gross fixed capital formation (% of GDP) 22.9 13.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 2.7 -8.9 -7.7
Government debt (% of GDP) 60.5 104.7 55.7
Deposit money banks’ assets (% of GDP) 97.7 340.7 140.0
Total financial system deposits (% of GDP) 42.6 90.5 108.5
Bank capital to asset ratio (%) 6.2 13.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.5 61.2 3.4
Domestic credit to the private sector (% of GDP) 97.1 261.2 165.1
Real interest rate (%) 12.7 9.6
Interest rate spread (percentage points) 6.2 7.2 3.8

Infrastructure
Paved roads (% of total roads) 29.5 36.6 93.4
Electric power consumption (kWh per capita) 26,221 50,067 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 76.5 109.4 111.2
Internet users (per 100 people) 44.5 94.5 72.3

The Little Data Book on Private Sector Development 2011 103


India
South Asia Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1,015.9 1,155.3 3,811
Labor force (millions) 385.4 457.5 1,787
Unemployment rate (% of labor force) 4.3 4.4 5.3
GNI per capita, World Bank Atlas method ($) 450 1,220 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.9 7.9 8.5
Agriculture value added (% of GDP) 23.4 17.8 13.3
Industry value added (% of GDP) 26.2 27.0 38.9
Manufacturing value added (% of GDP) 15.6 14.8 25.8
Services value added (% of GDP) 50.5 55.3 47.7
Inflation (annual % change in consumer price index) 4.0 10.9
Exchange rate (local currency units per $) 44.9 48.4
Exports of goods and services (% of GDP) 13.2 19.6 28.9
Imports of goods and services (% of GDP) 14.2 24.0 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 134
Time to start a business (days) .. 29 35
Procedures to start a business (number) .. 12 8
Firing cost (weeks of wages) .. 56.0 57.7
Closing a business (years to resolve insolvency) .. 7.0 3.3
Total tax rate (% of profit) .. 63.3 40.2
Profit tax (% of commercial profits) .. 24.0 16.3
New businesses registered (thousands) .. 84.8
New business density (new regis. per working-age pop.) .. 0.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) 12.9 6.7
Firms expected to give gifts in meetings w/tax officials (%) .. 52.3
Firms using banks to finance investments (% of firms) .. 46.7
Delay in obtaining an electrical connection (days) .. 29.5
ISO certification ownership (% of firms) 0.0 22.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 2,665 36,057 41,477
Private foreign direct investment, net (% of GDP) 0.8 2.5 2.0
Gross fixed capital formation (% of GDP) 22.7 30.8 34.9
Gross fixed private capital formation (% of GDP) 16.3 22.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -3.9 -4.9 -2.3
Government debt (% of GDP) 56.0 53.0 ..
Deposit money banks’ assets (% of GDP) 44.7 67.8 107.6
Total financial system deposits (% of GDP) 45.8 65.5 54.9
Bank capital to asset ratio (%) 5.7 6.4 10.0
Bank nonperforming loans to total gross loans ratio (%) 12.8 2.3 5.1
Domestic credit to the private sector (% of GDP) 28.8 46.8 92.9
Real interest rate (%) 8.5 4.3
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 47.5 49.3 36.3
Electric power consumption (kWh per capita) 402 566 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.4 45.4 57.8
Internet users (per 100 people) 0.5 5.3 17.2

104 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Indonesia
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 205.3 230.0 3,811
Labor force (millions) 97.0 115.6 1,787
Unemployment rate (% of labor force) 6.1 7.9 5.3
GNI per capita, World Bank Atlas method ($) 580 2,050 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -0.6 5.3 8.5
Agriculture value added (% of GDP) 15.6 15.8 13.3
Industry value added (% of GDP) 45.9 49.1 38.9
Manufacturing value added (% of GDP) 27.7 27.2 25.8
Services value added (% of GDP) 38.5 35.2 47.7
Inflation (annual % change in consumer price index) 3.7 6.4
Exchange rate (local currency units per $) 8,421.8 10,389.9
Exports of goods and services (% of GDP) 41.0 24.1 28.9
Imports of goods and services (% of GDP) 30.5 21.3 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 121
Time to start a business (days) .. 47 35
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 108.0 57.7
Closing a business (years to resolve insolvency) .. 5.5 3.3
Total tax rate (% of profit) .. 37.3 40.2
Profit tax (% of commercial profits) .. 26.6 16.3
New businesses registered (thousands) .. 29.0
New business density (new regis. per working-age pop.) .. 0.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 1.9
Firms expected to give gifts in meetings w/tax officials (%) .. 14.0
Firms using banks to finance investments (% of firms) .. 11.7
Delay in obtaining an electrical connection (days) .. 23.5
ISO certification ownership (% of firms) .. 2.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 642 1,899 41,477
Private foreign direct investment, net (% of GDP) -2.8 0.9 2.0
Gross fixed capital formation (% of GDP) 19.9 31.1 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -3.7 -1.7 -2.3
Government debt (% of GDP) 44.6 28.3 ..
Deposit money banks’ assets (% of GDP) 51.8 31.4 107.6
Total financial system deposits (% of GDP) 48.2 34.1 54.9
Bank capital to asset ratio (%) 6.0 10.3 10.0
Bank nonperforming loans to total gross loans ratio (%) 34.4 3.3 5.1
Domestic credit to the private sector (% of GDP) 19.9 27.6 92.9
Real interest rate (%) -1.7 5.6
Interest rate spread (percentage points) 6.0 5.2 7.3

Infrastructure
Paved roads (% of total roads) 57.1 59.1 36.3
Electric power consumption (kWh per capita) 402 591 1,318
Power outages in a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 1.8 69.2 57.8
Internet users (per 100 people) 0.9 8.7 17.2

The Little Data Book on Private Sector Development 2011 105


Iran, Islamic Rep.
Middle East & North Africa Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 63.9 72.9 1,002
Labor force (millions) 22.4 29.2 458
Unemployment rate (% of labor force) 12.8 10.5 9.1
GNI per capita, World Bank Atlas method ($) 1,670 4,530 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.7 5.4 4.4
Agriculture value added (% of GDP) 13.7 10.2 6.2
Industry value added (% of GDP) 36.7 44.5 31.5
Manufacturing value added (% of GDP) 13.2 10.6 16.7
Services value added (% of GDP) 49.5 45.3 62.4
Inflation (annual % change in consumer price index) 14.5 13.5
Exchange rate (local currency units per $) 1,765.3 9,864.3
Exports of goods and services (% of GDP) 22.7 32.2 25.4
Imports of goods and services (% of GDP) 17.4 21.5 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 129
Time to start a business (days) .. 8 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 87.0 40.1
Closing a business (years to resolve insolvency) .. 4.5 2.9
Total tax rate (% of profit) .. 44.1 43.0
Profit tax (% of commercial profits) .. 17.8 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 5 483 64,899
Private foreign direct investment, net (% of GDP) 0.0 0.9 2.4
Gross fixed capital formation (% of GDP) 26.4 25.8 20.7
Gross fixed private capital formation (% of GDP) 17.6 16.7 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) 1.8 0.6 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 20.5 36.8 60.6
Total financial system deposits (% of GDP) 34.3 40.3 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 19.5 36.7 47.8
Real interest rate (%) .. 11.3
Interest rate spread (percentage points) .. -1.1 5.5

Infrastructure
Paved roads (% of total roads) 64.8 73.3 36.8
Electric power consumption (kWh per capita) 1,586 2,423 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.5 72.1 100.6
Internet users (per 100 people) 1.0 38.3 34.6

106 2011 The Little Data Book on Private Sector Development


Middle East & North Africa
Iraq
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 25.1 31.5 3,811
Labor force (millions) 6.0 7.7 1,787
Unemployment rate (% of labor force) .. 17.5 5.3
GNI per capita, World Bank Atlas method ($) .. 2,210 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 17.9 -0.3 8.5
Agriculture value added (% of GDP) 5.4 8.6 13.3
Industry value added (% of GDP) 84.4 70.1 38.9
Manufacturing value added (% of GDP) 0.9 1.7 25.8
Services value added (% of GDP) 10.3 21.3 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 0.3 1,170.0
Exports of goods and services (% of GDP) .. .. 28.9
Imports of goods and services (% of GDP) .. .. 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 166
Time to start a business (days) .. 77 35
Procedures to start a business (number) .. 11 8
Firing cost (weeks of wages) .. .. 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 28.4 40.2
Profit tax (% of commercial profits) .. 14.9 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 447 41,477
Private foreign direct investment, net (% of GDP) 0.0 1.6 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. -5.9 107.6
Total financial system deposits (% of GDP) .. 10.3 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) .. 6.4 92.9
Real interest rate (%) .. 61.5
Interest rate spread (percentage points) .. 7.8 7.3

Infrastructure
Paved roads (% of total roads) 84.3 .. 36.3
Electric power consumption (kWh per capita) 1,161 1,164 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.0 62.6 57.8
Internet users (per 100 people) 0.0 1.0 17.2

The Little Data Book on Private Sector Development 2011 107


Ireland High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.8 4.5 1,117
Labor force (millions) 1.8 2.2 547
Unemployment rate (% of labor force) 4.3 11.7 8.1
GNI per capita, World Bank Atlas method ($) 23,180 44,280 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 9.7 3.9 2.0
Agriculture value added (% of GDP) 3.2 1.0 1.5
Industry value added (% of GDP) 42.0 31.2 25.0
Manufacturing value added (% of GDP) 32.9 23.7 15.9
Services value added (% of GDP) 54.9 67.8 73.5
Inflation (annual % change in consumer price index) 5.6 -4.5
Exchange rate (local currency units per $) 0.7 ..
Exports of goods and services (% of GDP) 98.3 88.5 23.6
Imports of goods and services (% of GDP) 84.8 73.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 9
Time to start a business (days) .. 13 18
Procedures to start a business (number) .. 4 6
Firing cost (weeks of wages) .. 18.0 37.9
Closing a business (years to resolve insolvency) .. 0.4 2.1
Total tax rate (% of profit) .. 26.5 38.6
Profit tax (% of commercial profits) .. 11.9 14.3
New businesses registered (thousands) .. 13.2
New business density (new regis. per working-age pop.) .. 4.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.3
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 26.4 11.1 2.0
Gross fixed capital formation (% of GDP) 23.2 15.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 4.9 -13.9 -7.7
Government debt (% of GDP) 40.0 69.2 55.7
Deposit money banks’ assets (% of GDP) 108.7 241.0 140.0
Total financial system deposits (% of GDP) 78.1 116.2 108.5
Bank capital to asset ratio (%) 6.5 5.6 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.0 9.0 3.4
Domestic credit to the private sector (% of GDP) 105.6 230.3 165.1
Real interest rate (%) -1.1 0.2
Interest rate spread (percentage points) 4.7 2.6 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 5,796 6,301 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 64.7 109.5 111.2
Internet users (per 100 people) 17.8 68.4 72.3

108 2011 The Little Data Book on Private Sector Development


Isle of Man High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.08 0.08 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 1.6 2.4 8.1
GNI per capita, World Bank Atlas method ($) 21,980 49,310 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 10.4 6.2 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 0.7 0.6
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 111.2
Internet users (per 100 people) .. .. 72.3

The Little Data Book on Private Sector Development 2011 109


Israel High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 6.3 7.4 1,117
Labor force (millions) 2.5 3.1 547
Unemployment rate (% of labor force) 8.8 7.6 8.1
GNI per capita, World Bank Atlas method ($) 17,840 25,790 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.6 3.6 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) 1.1 3.3
Exchange rate (local currency units per $) 4.1 3.9
Exports of goods and services (% of GDP) 37.1 34.7 23.6
Imports of goods and services (% of GDP) 37.4 32.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 29
Time to start a business (days) .. 34 18
Procedures to start a business (number) .. 5 6
Firing cost (weeks of wages) .. 91.0 37.9
Closing a business (years to resolve insolvency) .. 4.0 2.1
Total tax rate (% of profit) .. 31.7 38.6
Profit tax (% of commercial profits) .. 23.8 14.3
New businesses registered (thousands) .. 19.8
New business density (new regis. per working-age pop.) .. 4.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 6.5 2.0 2.0
Gross fixed capital formation (% of GDP) 20.4 16.7 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -1.9 -4.3 -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 85.6 93.8 140.0
Total financial system deposits (% of GDP) 78.7 89.7 108.5
Bank capital to asset ratio (%) 7.3 6.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 6.9 1.5 3.4
Domestic credit to the private sector (% of GDP) 76.9 84.5 165.1
Real interest rate (%) 11.1 -1.4
Interest rate spread (percentage points) 4.2 2.6 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 6,323 7,054 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 70.0 121.2 111.2
Internet users (per 100 people) 20.2 49.7 72.3

110 2011 The Little Data Book on Private Sector Development


Italy
High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 56.9 60.2 1,117
Labor force (millions) 23.2 25.4 547
Unemployment rate (% of labor force) 10.8 7.8 8.1
GNI per capita, World Bank Atlas method ($) 20,890 35,110 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.8 0.5 2.0
Agriculture value added (% of GDP) 2.8 1.8 1.5
Industry value added (% of GDP) 28.4 25.1 25.0
Manufacturing value added (% of GDP) 21.0 16.1 15.9
Services value added (% of GDP) 68.8 73.1 73.5
Inflation (annual % change in consumer price index) 2.5 0.8
Exchange rate (local currency units per $) 1,736.2 ..
Exports of goods and services (% of GDP) 27.1 24.0 23.6
Imports of goods and services (% of GDP) 26.1 24.4 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 80
Time to start a business (days) .. 6 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 11.0 37.9
Closing a business (years to resolve insolvency) .. 1.8 2.1
Total tax rate (% of profit) .. 68.6 38.6
Profit tax (% of commercial profits) .. 22.8 14.3
New businesses registered (thousands) .. 68.5
New business density (new regis. per working-age pop.) .. 1.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.2 1.4 2.0
Gross fixed capital formation (% of GDP) 20.3 18.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -0.7 -4.9 -7.7
Government debt (% of GDP) 119.4 118.9 55.7
Deposit money banks’ assets (% of GDP) 92.0 139.1 140.0
Total financial system deposits (% of GDP) 50.2 78.2 108.5
Bank capital to asset ratio (%) 7.0 8.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 7.8 7.0 3.4
Domestic credit to the private sector (% of GDP) 76.0 110.8 165.1
Real interest rate (%) 5.0 2.6
Interest rate spread (percentage points) 5.2 4.9 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 5,299 5,661 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 74.2 150.5 111.2
Internet users (per 100 people) 23.2 48.5 72.3

The Little Data Book on Private Sector Development 2011 111


Jamaica
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.6 2.7 1,002
Labor force (millions) 1.2 1.2 458
Unemployment rate (% of labor force) 15.5 11.4 9.1
GNI per capita, World Bank Atlas method ($) 3,310 4,590 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) -0.5 1.5 4.4
Agriculture value added (% of GDP) 7.0 6.2 6.2
Industry value added (% of GDP) 25.5 22.1 31.5
Manufacturing value added (% of GDP) 10.6 9.1 16.7
Services value added (% of GDP) 67.4 71.7 62.4
Inflation (annual % change in consumer price index) 8.2 9.6
Exchange rate (local currency units per $) 43.0 87.9
Exports of goods and services (% of GDP) 39.1 34.7 25.4
Imports of goods and services (% of GDP) 51.9 53.3 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 81
Time to start a business (days) .. 8 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 62.0 40.1
Closing a business (years to resolve insolvency) .. 1.1 2.9
Total tax rate (% of profit) .. 50.1 43.0
Profit tax (% of commercial profits) .. 28.6 18.0
New businesses registered (thousands) .. 2.0
New business density (new regis. per working-age pop.) .. 1.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.3
Firms expected to give gifts in meetings w/tax officials (%) .. 4.9
Firms using banks to finance investments (% of firms) .. 37.0
Delay in obtaining an electrical connection (days) .. 6.9
ISO certification ownership (% of firms) .. 16.4

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 546 60 64,899
Private foreign direct investment, net (% of GDP) 5.2 4.5 2.4
Gross fixed capital formation (% of GDP) 28.9 21.1 20.7
Gross fixed private capital formation (% of GDP) 23.9 .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -15.9 -0.6
Government debt (% of GDP) .. 115.8 ..
Deposit money banks’ assets (% of GDP) 38.8 47.4 60.6
Total financial system deposits (% of GDP) 34.5 40.0 47.4
Bank capital to asset ratio (%) 9.2 .. 9.7
Bank nonperforming loans to total gross loans ratio (%) 11.0 .. 4.2
Domestic credit to the private sector (% of GDP) 25.7 28.5 47.8
Real interest rate (%) 11.5 9.3
Interest rate spread (percentage points) 11.7 9.5 5.5

Infrastructure
Paved roads (% of total roads) 70.1 73.3 36.8
Electric power consumption (kWh per capita) 2,321 2,552 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 14.2 110.1 100.6
Internet users (per 100 people) 3.1 58.6 34.6

112 2011 The Little Data Book on Private Sector Development


Japan
High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 126.9 127.6 1,117
Labor force (millions) 67.6 65.8 547
Unemployment rate (% of labor force) 4.8 5.0 8.1
GNI per capita, World Bank Atlas method ($) 34,620 38,080 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.6 1.1 2.0
Agriculture value added (% of GDP) 1.8 1.5 1.5
Industry value added (% of GDP) 32.4 28.0 25.0
Manufacturing value added (% of GDP) 22.2 19.9 15.9
Services value added (% of GDP) 65.8 70.6 73.5
Inflation (annual % change in consumer price index) -0.7 -1.4
Exchange rate (local currency units per $) 107.8 93.6
Exports of goods and services (% of GDP) 11.0 12.5 23.6
Imports of goods and services (% of GDP) 9.5 12.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 18
Time to start a business (days) .. 23 18
Procedures to start a business (number) .. 8 6
Firing cost (weeks of wages) .. 4.0 37.9
Closing a business (years to resolve insolvency) .. 0.6 2.1
Total tax rate (% of profit) .. 48.6 38.6
Profit tax (% of commercial profits) .. 27.9 14.3
New businesses registered (thousands) .. 105.7
New business density (new regis. per working-age pop.) .. 1.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.2 0.2 2.0
Gross fixed capital formation (% of GDP) 25.2 20.6 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. 157.7 55.7
Deposit money banks’ assets (% of GDP) 239.9 215.9 140.0
Total financial system deposits (% of GDP) 231.5 209.3 108.5
Bank capital to asset ratio (%) 4.6 4.7 6.8
Bank nonperforming loans to total gross loans ratio (%) 5.3 1.7 3.4
Domestic credit to the private sector (% of GDP) 222.3 171.0 165.1
Real interest rate (%) 3.9 2.7
Interest rate spread (percentage points) 2.0 1.3 3.8

Infrastructure
Paved roads (% of total roads) 76.6 79.6 93.4
Electric power consumption (kWh per capita) 7,974 8,071 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 52.6 90.1 111.2
Internet users (per 100 people) 30.0 77.7 72.3

The Little Data Book on Private Sector Development 2011 113


Jordan
Middle East & North Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.8 6.0 3,811
Labor force (millions) 1.4 1.9 1,787
Unemployment rate (% of labor force) 15.8 12.9 5.3
GNI per capita, World Bank Atlas method ($) 1,790 3,980 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.2 6.9 8.5
Agriculture value added (% of GDP) 2.3 2.9 13.3
Industry value added (% of GDP) 25.5 31.6 38.9
Manufacturing value added (% of GDP) 15.7 19.7 25.8
Services value added (% of GDP) 72.1 65.5 47.7
Inflation (annual % change in consumer price index) 0.7 -0.7
Exchange rate (local currency units per $) 0.7 0.7
Exports of goods and services (% of GDP) 41.8 43.5 28.9
Imports of goods and services (% of GDP) 68.5 65.0 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 111
Time to start a business (days) .. 13 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 4.0 57.7
Closing a business (years to resolve insolvency) .. 4.3 3.3
Total tax rate (% of profit) .. 31.2 40.2
Profit tax (% of commercial profits) .. 15.2 16.3
New businesses registered (thousands) .. 2.7
New business density (new regis. per working-age pop.) .. 0.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.7
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 584 1,580 41,477
Private foreign direct investment, net (% of GDP) 10.8 9.5 2.0
Gross fixed capital formation (% of GDP) 21.1 14.8 34.9
Gross fixed private capital formation (% of GDP) 11.9 6.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -2.0 -8.5 -2.3
Government debt (% of GDP) 93.7 57.9 ..
Deposit money banks’ assets (% of GDP) 89.4 110.4 107.6
Total financial system deposits (% of GDP) 90.6 104.0 54.9
Bank capital to asset ratio (%) 7.0 11.0 10.0
Bank nonperforming loans to total gross loans ratio (%) 18.4 6.7 5.1
Domestic credit to the private sector (% of GDP) 72.1 71.7 92.9
Real interest rate (%) 12.2 1.1
Interest rate spread (percentage points) 4.8 4.3 7.3

Infrastructure
Paved roads (% of total roads) 100.0 100.0 36.3
Electric power consumption (kWh per capita) 1,377 2,087 1,318
Power outages in a typical month (number) .. 2.6
Mobile cellular subscriptions (per 100 people) 8.1 101.1 57.8
Internet users (per 100 people) 2.7 29.3 17.2

114 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
KazakhstanUpper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 14.9 15.9 1,002
Labor force (millions) 7.5 8.6 458
Unemployment rate (% of labor force) 12.8 6.6 9.1
GNI per capita, World Bank Atlas method ($) 1,260 6,920 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.9 8.8 4.4
Agriculture value added (% of GDP) 8.7 6.4 6.2
Industry value added (% of GDP) 40.5 40.3 31.5
Manufacturing value added (% of GDP) 17.7 11.4 16.7
Services value added (% of GDP) 50.8 53.3 62.4
Inflation (annual % change in consumer price index) 13.2 7.3
Exchange rate (local currency units per $) 142.1 147.5
Exports of goods and services (% of GDP) 56.6 42.0 25.4
Imports of goods and services (% of GDP) 49.1 33.8 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 59
Time to start a business (days) .. 19 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 9.0 40.1
Closing a business (years to resolve insolvency) .. 1.5 2.9
Total tax rate (% of profit) .. 29.6 43.0
Profit tax (% of commercial profits) .. 16.3 18.0
New businesses registered (thousands) .. 28.0
New business density (new regis. per working-age pop.) .. 2.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) 7.6 4.7
Firms expected to give gifts in meetings w/tax officials (%) 57.1 25.1
Firms using banks to finance investments (% of firms) 17.4 31.0
Delay in obtaining an electrical connection (days) 7.4 47.8
ISO certification ownership (% of firms) 12.8 10.8

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 375 596 64,899
Private foreign direct investment, net (% of GDP) 7.0 11.8 2.4
Gross fixed capital formation (% of GDP) 17.3 29.1 20.7
Gross fixed private capital formation (% of GDP) 16.5 23.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) 0.1 -2.0 -0.6
Government debt (% of GDP) 21.6 9.5 ..
Deposit money banks’ assets (% of GDP) 13.5 59.6 60.6
Total financial system deposits (% of GDP) 11.1 38.0 47.4
Bank capital to asset ratio (%) 13.6 -9.3 9.7
Bank nonperforming loans to total gross loans ratio (%) .. 21.2 4.2
Domestic credit to the private sector (% of GDP) 11.2 50.3 47.8
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.5

Infrastructure
Paved roads (% of total roads) 86.5 89.9 36.8
Electric power consumption (kWh per capita) 3,170 4,689 3,001
Power outages in a typical month (number) .. 2.8
Mobile cellular subscriptions (per 100 people) 1.3 94.4 100.6
Internet users (per 100 people) 0.7 33.4 34.6

The Little Data Book on Private Sector Development 2011 115


Kenya
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 31.4 39.8 846
Labor force (millions) 14.3 18.7 384
Unemployment rate (% of labor force) 9.8 .. ..
GNI per capita, World Bank Atlas method ($) 420 760 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.2 4.4 5.4
Agriculture value added (% of GDP) 32.4 22.6 26.1
Industry value added (% of GDP) 16.9 15.3 24.4
Manufacturing value added (% of GDP) 11.6 8.7 12.4
Services value added (% of GDP) 50.7 62.1 49.5
Inflation (annual % change in consumer price index) 10.0 9.2
Exchange rate (local currency units per $) 76.2 77.4
Exports of goods and services (% of GDP) 21.6 25.2 23.2
Imports of goods and services (% of GDP) 31.7 38.3 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 98
Time to start a business (days) .. 33 41
Procedures to start a business (number) .. 11 8
Firing cost (weeks of wages) .. 47.0 71.0
Closing a business (years to resolve insolvency) .. 4.5 3.7
Total tax rate (% of profit) .. 49.7 76.5
Profit tax (% of commercial profits) .. 33.1 24.8
New businesses registered (thousands) .. 17.9
New business density (new regis. per working-age pop.) .. 0.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.1
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 130 289 4,779
Private foreign direct investment, net (% of GDP) 0.9 0.5 2.7
Gross fixed capital formation (% of GDP) 16.7 20.1 22.9
Gross fixed private capital formation (% of GDP) 7.5 14.5 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) 2.0 -5.5 -1.4
Government debt (% of GDP) 52.6 .. ..
Deposit money banks’ assets (% of GDP) 33.8 40.4 31.8
Total financial system deposits (% of GDP) 32.0 38.2 30.6
Bank capital to asset ratio (%) 12.9 12.7 ..
Bank nonperforming loans to total gross loans ratio (%) 33.3 7.9 ..
Domestic credit to the private sector (% of GDP) 28.4 31.5 26.3
Real interest rate (%) 15.3 7.6
Interest rate spread (percentage points) 14.2 8.8 11.5

Infrastructure
Paved roads (% of total roads) 12.1 14.1 12.0
Electric power consumption (kWh per capita) 109 155 231
Power outages in a typical month (number) .. 6.9
Mobile cellular subscriptions (per 100 people) 0.4 48.7 26.6
Internet users (per 100 people) 0.3 10.0 2.7

116 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Kiribati
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.08 0.10 3,811
Labor force (millions) .. .. 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 1,380 1,830 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.2 1.3 8.5
Agriculture value added (% of GDP) 22.5 28.6 13.3
Industry value added (% of GDP) 11.8 9.5 38.9
Manufacturing value added (% of GDP) 5.0 6.2 25.8
Services value added (% of GDP) 65.7 61.8 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.7 1.3
Exports of goods and services (% of GDP) 6.9 9.4 28.9
Imports of goods and services (% of GDP) 46.8 76.5 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 93
Time to start a business (days) .. 21 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 4.0 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 31.8 40.2
Profit tax (% of commercial profits) .. 23.4 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 41,477
Private foreign direct investment, net (% of GDP) 25.8 1.7 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) .. .. 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) .. .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.4 1.0 57.8
Internet users (per 100 people) 1.8 2.0 17.2

The Little Data Book on Private Sector Development 2011 117


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

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 22.9 23.9 846
Labor force (millions) 11.1 12.4 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) .. .. 509
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 5.4
Agriculture value added (% of GDP) .. .. 26.1
Industry value added (% of GDP) .. .. 24.4
Manufacturing value added (% of GDP) .. .. 12.4
Services value added (% of GDP) .. .. 49.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.2
Imports of goods and services (% of GDP) .. .. 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 41
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. .. 76.5
Profit tax (% of commercial profits) .. .. 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 400 4,779
Private foreign direct investment, net (% of GDP) .. .. 2.7
Gross fixed capital formation (% of GDP) .. .. 22.9
Gross fixed private capital formation (% of GDP) .. .. 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 31.8
Total financial system deposits (% of GDP) .. .. 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 6.4 2.8 12.0
Electric power consumption (kWh per capita) 715 820 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.0 0.3 26.6
Internet users (per 100 people) 0.0 0.0 2.7

118 2011 The Little Data Book on Private Sector Development


Korea, Rep. High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 47.0 48.7 1,117
Labor force (millions) 22.7 24.7 547
Unemployment rate (% of labor force) 4.4 3.6 8.1
GNI per capita, World Bank Atlas method ($) 9,910 19,830 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 4.2 2.0
Agriculture value added (% of GDP) 4.6 2.6 1.5
Industry value added (% of GDP) 38.1 36.5 25.0
Manufacturing value added (% of GDP) 28.3 27.7 15.9
Services value added (% of GDP) 57.3 60.9 73.5
Inflation (annual % change in consumer price index) 2.3 2.8
Exchange rate (local currency units per $) 1,131.0 1,276.9
Exports of goods and services (% of GDP) 38.6 49.9 23.6
Imports of goods and services (% of GDP) 35.7 46.0 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 16
Time to start a business (days) .. 14 18
Procedures to start a business (number) .. 8 6
Firing cost (weeks of wages) .. 91.0 37.9
Closing a business (years to resolve insolvency) .. 1.5 2.1
Total tax rate (% of profit) .. 29.8 38.6
Profit tax (% of commercial profits) .. 15.3 14.3
New businesses registered (thousands) .. 60.0
New business density (new regis. per working-age pop.) .. 1.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 0.1
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 1.7 0.2 2.0
Gross fixed capital formation (% of GDP) 30.0 29.3 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 4.4 0.0 -7.7
Government debt (% of GDP) 9.6 .. 55.7
Deposit money banks’ assets (% of GDP) 79.7 112.8 140.0
Total financial system deposits (% of GDP) 65.5 69.5 108.5
Bank capital to asset ratio (%) 4.6 10.9 6.8
Bank nonperforming loans to total gross loans ratio (%) 8.9 1.2 3.4
Domestic credit to the private sector (% of GDP) 77.7 107.6 165.1
Real interest rate (%) 3.4 2.2
Interest rate spread (percentage points) 0.6 2.2 3.8

Infrastructure
Paved roads (% of total roads) 74.5 78.5 93.4
Electric power consumption (kWh per capita) 5,907 8,853 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 57.0 98.4 111.2
Internet users (per 100 people) 40.5 80.9 72.3

The Little Data Book on Private Sector Development 2011 119


Kosovo
Europe & Central Asia Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.7 1.8 3,811
Labor force (millions) .. .. 1,787
Unemployment rate (% of labor force) 57.0 45.4 5.3
GNI per capita, World Bank Atlas method ($) .. 3,240 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) .. 4.8 8.5
Agriculture value added (% of GDP) .. 12.0 13.3
Industry value added (% of GDP) .. 20.0 38.9
Manufacturing value added (% of GDP) .. 17.3 25.8
Services value added (% of GDP) .. 68.0 47.7
Inflation (annual % change in consumer price index) .. -2.4
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. 14.1 28.9
Imports of goods and services (% of GDP) .. 54.4 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 119
Time to start a business (days) .. 58 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 30.0 57.7
Closing a business (years to resolve insolvency) .. 2.0 3.3
Total tax rate (% of profit) .. 16.5 40.2
Profit tax (% of commercial profits) .. 10.2 16.3
New businesses registered (thousands) .. 0.1
New business density (new regis. per working-age pop.) .. 0.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 41,477
Private foreign direct investment, net (% of GDP) .. 7.5 2.0
Gross fixed capital formation (% of GDP) .. 27.7 34.9
Gross fixed private capital formation (% of GDP) .. 17.3 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 3.3 28.7 107.6
Total financial system deposits (% of GDP) 15.8 36.2 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. 4.4 5.1
Domestic credit to the private sector (% of GDP) 0.9 36.1 92.9
Real interest rate (%) .. 18.1
Interest rate spread (percentage points) .. 10.1 7.3

Infrastructure
Paved roads (% of total roads) .. .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 42.8
Mobile cellular subscriptions (per 100 people) .. .. 57.8
Internet users (per 100 people) .. .. 17.2

120 2011 The Little Data Book on Private Sector Development


KuwaitHigh income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.2 2.8 1,117
Labor force (millions) 1.1 1.5 547
Unemployment rate (% of labor force) 0.8 2.0 8.1
GNI per capita, World Bank Atlas method ($) 16,790 43,930 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.8 8.4 2.0
Agriculture value added (% of GDP) 0.4 0.5 1.5
Industry value added (% of GDP) 59.2 51.0 25.0
Manufacturing value added (% of GDP) 2.6 2.3 15.9
Services value added (% of GDP) 40.5 48.5 73.5
Inflation (annual % change in consumer price index) 2.5 4.0
Exchange rate (local currency units per $) 0.3 0.3
Exports of goods and services (% of GDP) 56.5 66.4 23.6
Imports of goods and services (% of GDP) 30.1 25.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 74
Time to start a business (days) .. 35 18
Procedures to start a business (number) .. 13 6
Firing cost (weeks of wages) .. 78.0 37.9
Closing a business (years to resolve insolvency) .. 4.2 2.1
Total tax rate (% of profit) .. 15.5 38.6
Profit tax (% of commercial profits) .. 4.7 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.0 0.0 2.0
Gross fixed capital formation (% of GDP) 10.7 18.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -5.1 20.0 -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 76.7 91.9 140.0
Total financial system deposits (% of GDP) 67.0 76.6 108.5
Bank capital to asset ratio (%) 11.5 12.1 6.8
Bank nonperforming loans to total gross loans ratio (%) 19.2 9.7 3.4
Domestic credit to the private sector (% of GDP) 45.4 63.3 165.1
Real interest rate (%) -9.7 2.5
Interest rate spread (percentage points) 3.0 3.3 3.8

Infrastructure
Paved roads (% of total roads) 80.6 85.0 93.4
Electric power consumption (kWh per capita) 13,378 16,747 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 21.7 106.6 111.2
Internet users (per 100 people) 6.8 39.4 72.3

The Little Data Book on Private Sector Development 2011 121


Kyrgyz Republic
Europe & Central Asia Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.9 5.3 846
Labor force (millions) 2.1 2.5 384
Unemployment rate (% of labor force) 7.5 8.2 ..
GNI per capita, World Bank Atlas method ($) 280 870 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.4 4.6 5.4
Agriculture value added (% of GDP) 36.7 29.2 26.1
Industry value added (% of GDP) 31.4 19.3 24.4
Manufacturing value added (% of GDP) 19.5 12.7 12.4
Services value added (% of GDP) 31.9 51.5 49.5
Inflation (annual % change in consumer price index) 18.7 6.9
Exchange rate (local currency units per $) 47.7 42.9
Exports of goods and services (% of GDP) 41.8 49.9 23.2
Imports of goods and services (% of GDP) 47.6 80.8 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 44
Time to start a business (days) .. 10 41
Procedures to start a business (number) .. 2 8
Firing cost (weeks of wages) .. 17.0 71.0
Closing a business (years to resolve insolvency) .. 4.0 3.7
Total tax rate (% of profit) .. 57.2 76.5
Profit tax (% of commercial profits) .. 8.9 24.8
New businesses registered (thousands) .. 4.4
New business density (new regis. per working-age pop.) .. 1.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) 5.2 4.9
Firms expected to give gifts in meetings w/tax officials (%) 80.3 39.1
Firms using banks to finance investments (% of firms) 5.9 17.9
Delay in obtaining an electrical connection (days) 5.2 25.2
ISO certification ownership (% of firms) 14.3 16.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 5 75 4,779
Private foreign direct investment, net (% of GDP) -0.2 4.1 2.7
Gross fixed capital formation (% of GDP) 18.3 21.2 22.9
Gross fixed private capital formation (% of GDP) 10.5 18.3 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -2.9 -1.4 -1.4
Government debt (% of GDP) 114.5 .. ..
Deposit money banks’ assets (% of GDP) 4.4 16.2 31.8
Total financial system deposits (% of GDP) 5.0 11.6 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 4.2 15.1 26.3
Real interest rate (%) 19.5 20.5
Interest rate spread (percentage points) 33.5 19.2 11.5

Infrastructure
Paved roads (% of total roads) 91.1 .. 12.0
Electric power consumption (kWh per capita) 1,904 1,449 231
Power outages in a typical month (number) .. 5.7
Mobile cellular subscriptions (per 100 people) 0.2 84.3 26.6
Internet users (per 100 people) 1.0 41.2 2.7

122 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Lao PDR Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.4 6.3 846
Labor force (millions) 2.5 3.1 384
Unemployment rate (% of labor force) .. 1.4 ..
GNI per capita, World Bank Atlas method ($) 280 880 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.1 6.9 5.4
Agriculture value added (% of GDP) 52.5 34.7 26.1
Industry value added (% of GDP) 22.9 28.2 24.4
Manufacturing value added (% of GDP) 17.0 9.3 12.4
Services value added (% of GDP) 24.6 37.1 49.5
Inflation (annual % change in consumer price index) 25.1 0.0
Exchange rate (local currency units per $) 7,887.6 8,516.1
Exports of goods and services (% of GDP) 30.0 32.7 23.2
Imports of goods and services (% of GDP) 44.1 44.4 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 171
Time to start a business (days) .. 100 41
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 162.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 33.7 76.5
Profit tax (% of commercial profits) .. 25.2 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 1.6
Firms expected to give gifts in meetings w/tax officials (%) .. 26.2
Firms using banks to finance investments (% of firms) .. 0.0
Delay in obtaining an electrical connection (days) .. 58.8
ISO certification ownership (% of firms) .. 7.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 5 125 4,779
Private foreign direct investment, net (% of GDP) 2.0 5.4 2.7
Gross fixed capital formation (% of GDP) 28.3 37.1 22.9
Gross fixed private capital formation (% of GDP) 14.7 32.3 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. -1.6 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 10.1 9.8 31.8
Total financial system deposits (% of GDP) 16.0 20.2 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 8.9 9.5 26.3
Real interest rate (%) 5.5 14.4
Interest rate spread (percentage points) 20.0 19.3 11.5

Infrastructure
Paved roads (% of total roads) 14.1 13.5 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 1.5
Mobile cellular subscriptions (per 100 people) 0.2 51.2 26.6
Internet users (per 100 people) 0.1 4.7 2.7

The Little Data Book on Private Sector Development 2011 123


Latvia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.4 2.3 1,117
Labor force (millions) 1.1 1.2 547
Unemployment rate (% of labor force) 14.2 17.1 8.1
GNI per capita, World Bank Atlas method ($) 3,220 12,390 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.7 6.2 2.0
Agriculture value added (% of GDP) 4.6 3.1 1.5
Industry value added (% of GDP) 23.6 20.2 25.0
Manufacturing value added (% of GDP) 13.7 9.6 15.9
Services value added (% of GDP) 71.8 76.8 73.5
Inflation (annual % change in consumer price index) 2.6 3.5
Exchange rate (local currency units per $) 0.6 0.5
Exports of goods and services (% of GDP) 41.6 42.2 23.6
Imports of goods and services (% of GDP) 48.7 43.1 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 24
Time to start a business (days) .. 16 18
Procedures to start a business (number) .. 5 6
Firing cost (weeks of wages) .. 17.0 37.9
Closing a business (years to resolve insolvency) .. 3.0 2.1
Total tax rate (% of profit) .. 38.5 38.6
Profit tax (% of commercial profits) .. 6.5 14.3
New businesses registered (thousands) .. 7.2
New business density (new regis. per working-age pop.) .. 4.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) 6.0 9.7
Firms expected to give gifts in meetings w/tax officials (%) 38.2 4.4
Firms using banks to finance investments (% of firms) 30.8 37.3
Delay in obtaining an electrical connection (days) 5.2 93.2
ISO certification ownership (% of firms) 13.0 18.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 229 122 ..
Private foreign direct investment, net (% of GDP) 5.3 0.4 2.0
Gross fixed capital formation (% of GDP) 24.2 21.3 18.0
Gross fixed private capital formation (% of GDP) 20.5 21.3 ..

Finance and banking


Government cash surplus or deficit (% of GDP) -2.2 -6.4 -7.7
Government debt (% of GDP) 12.0 41.8 55.7
Deposit money banks’ assets (% of GDP) 24.0 104.2 140.0
Total financial system deposits (% of GDP) 18.7 39.2 108.5
Bank capital to asset ratio (%) 8.5 7.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 4.6 16.4 3.4
Domestic credit to the private sector (% of GDP) 19.2 107.8 165.1
Real interest rate (%) 7.4 17.1
Interest rate spread (percentage points) 7.5 8.2 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 2,078 3,087 9,518
Power outages in a typical month (number) .. 0.7
Mobile cellular subscriptions (per 100 people) 16.9 99.5 111.2
Internet users (per 100 people) 6.3 66.7 72.3

124 2011 The Little Data Book on Private Sector Development


Middle East & North Africa
Lebanon
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.8 4.2 1,002
Labor force (millions) 1.2 1.5 458
Unemployment rate (% of labor force) 8.5 9.0 9.1
GNI per capita, World Bank Atlas method ($) 4,690 8,060 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.2 4.6 4.4
Agriculture value added (% of GDP) 7.1 5.3 6.2
Industry value added (% of GDP) 22.8 16.5 31.5
Manufacturing value added (% of GDP) 13.0 8.8 16.7
Services value added (% of GDP) 70.1 78.2 62.4
Inflation (annual % change in consumer price index) .. 1.2
Exchange rate (local currency units per $) 1,507.5 1,507.5
Exports of goods and services (% of GDP) 14.2 22.3 25.4
Imports of goods and services (% of GDP) 35.9 47.0 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 113
Time to start a business (days) .. 9 43
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 17.0 40.1
Closing a business (years to resolve insolvency) .. 4.0 2.9
Total tax rate (% of profit) .. 30.2 43.0
Profit tax (% of commercial profits) .. 6.1 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 8.9
Firms expected to give gifts in meetings w/tax officials (%) .. 19.2
Firms using banks to finance investments (% of firms) .. 23.8
Delay in obtaining an electrical connection (days) .. 117.6
ISO certification ownership (% of firms) .. 17.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 196 3 64,899
Private foreign direct investment, net (% of GDP) 7.0 13.9 2.4
Gross fixed capital formation (% of GDP) 21.0 29.2 20.7
Gross fixed private capital formation (% of GDP) 16.6 27.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -18.4 -8.3 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 174.9 152.7 60.6
Total financial system deposits (% of GDP) 182.9 226.7 47.4
Bank capital to asset ratio (%) 6.4 7.0 9.7
Bank nonperforming loans to total gross loans ratio (%) 7.8 6.0 4.2
Domestic credit to the private sector (% of GDP) 87.9 73.9 47.8
Real interest rate (%) 20.7 3.5
Interest rate spread (percentage points) 6.9 2.3 5.5

Infrastructure
Paved roads (% of total roads) 84.9 .. 36.8
Electric power consumption (kWh per capita) 2,081 2,267 3,001
Power outages in a typical month (number) .. 29.9
Mobile cellular subscriptions (per 100 people) 19.7 36.1 100.6
Internet users (per 100 people) 8.0 23.7 34.6

The Little Data Book on Private Sector Development 2011 125


Lesotho
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.9 2.1 3,811
Labor force (millions) 0.81 0.94 1,787
Unemployment rate (% of labor force) 27.3 .. 5.3
GNI per capita, World Bank Atlas method ($) 550 980 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.7 3.1 8.5
Agriculture value added (% of GDP) 12.3 8.4 13.3
Industry value added (% of GDP) 31.6 34.1 38.9
Manufacturing value added (% of GDP) 14.0 17.0 25.8
Services value added (% of GDP) 56.1 57.5 47.7
Inflation (annual % change in consumer price index) 6.1 7.2
Exchange rate (local currency units per $) 6.9 8.5
Exports of goods and services (% of GDP) 34.2 51.2 28.9
Imports of goods and services (% of GDP) 103.4 111.7 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 138
Time to start a business (days) .. 40 35
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 44.0 57.7
Closing a business (years to resolve insolvency) .. 2.6 3.3
Total tax rate (% of profit) .. 19.6 40.2
Profit tax (% of commercial profits) .. 16.4 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.6
Firms expected to give gifts in meetings w/tax officials (%) .. 9.2
Firms using banks to finance investments (% of firms) .. 32.7
Delay in obtaining an electrical connection (days) .. 13.9
ISO certification ownership (% of firms) .. 24.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 3 11 41,477
Private foreign direct investment, net (% of GDP) 15.8 4.0 2.0
Gross fixed capital formation (% of GDP) 42.5 31.5 34.9
Gross fixed private capital formation (% of GDP) 33.3 17.3 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -2.8 5.8 -2.3
Government debt (% of GDP) 75.4 .. ..
Deposit money banks’ assets (% of GDP) 28.5 13.2 107.6
Total financial system deposits (% of GDP) 29.3 32.9 54.9
Bank capital to asset ratio (%) .. 7.9 10.0
Bank nonperforming loans to total gross loans ratio (%) .. 4.0 5.1
Domestic credit to the private sector (% of GDP) 16.4 13.5 92.9
Real interest rate (%) 14.4 9.2
Interest rate spread (percentage points) 12.2 8.2 7.3

Infrastructure
Paved roads (% of total roads) 18.3 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 6.8
Mobile cellular subscriptions (per 100 people) 1.1 32.0 57.8
Internet users (per 100 people) 0.2 3.7 17.2

126 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Liberia
Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.8 4.0 846
Labor force (millions) 1.1 1.6 384
Unemployment rate (% of labor force) .. 5.6 ..
GNI per capita, World Bank Atlas method ($) 140 160 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 38.9 0.0 5.4
Agriculture value added (% of GDP) 72.0 61.3 26.1
Industry value added (% of GDP) 11.6 16.8 24.4
Manufacturing value added (% of GDP) 9.5 12.7 12.4
Services value added (% of GDP) 16.4 21.9 49.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 41.0 68.3
Exports of goods and services (% of GDP) 21.5 31.1 23.2
Imports of goods and services (% of GDP) 26.0 172.6 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 155
Time to start a business (days) .. 20 41
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 84.0 71.0
Closing a business (years to resolve insolvency) .. 3.0 3.7
Total tax rate (% of profit) .. 43.7 76.5
Profit tax (% of commercial profits) .. 0.0 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.5
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 24 4,779
Private foreign direct investment, net (% of GDP) 3.7 24.9 2.7
Gross fixed capital formation (% of GDP) 4.9 16.4 22.9
Gross fixed private capital formation (% of GDP) 2.0 4.3 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. 0.0 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 31.8
Total financial system deposits (% of GDP) .. .. 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 3.1 16.1 26.3
Real interest rate (%) 22.1 6.3
Interest rate spread (percentage points) 14.3 10.1 11.5

Infrastructure
Paved roads (% of total roads) 6.2 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 5.4
Mobile cellular subscriptions (per 100 people) 0.1 21.3 26.6
Internet users (per 100 people) 0.0 0.5 2.7

The Little Data Book on Private Sector Development 2011 127


Libya
Middle East & North Africa Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.3 6.4 1,002
Labor force (millions) 1.8 2.4 458
Unemployment rate (% of labor force) .. .. 9.1
GNI per capita, World Bank Atlas method ($) 4,610 12,020 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) .. 5.4 4.4
Agriculture value added (% of GDP) 5.2 1.9 6.2
Industry value added (% of GDP) 66.1 78.2 31.5
Manufacturing value added (% of GDP) 3.1 4.5 16.7
Services value added (% of GDP) 28.7 19.9 62.4
Inflation (annual % change in consumer price index) -2.9 2.5
Exchange rate (local currency units per $) 0.5 1.3
Exports of goods and services (% of GDP) 35.6 67.4 25.4
Imports of goods and services (% of GDP) 15.5 27.5 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 43
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. .. 43.0
Profit tax (% of commercial profits) .. .. 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 64,899
Private foreign direct investment, net (% of GDP) 0.4 2.7 2.4
Gross fixed capital formation (% of GDP) 13.1 27.9 20.7
Gross fixed private capital formation (% of GDP) 2.0 5.9 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 40.6 14.4 60.6
Total financial system deposits (% of GDP) 37.6 41.2 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 23.1 10.9 47.8
Real interest rate (%) -9.6 57.8
Interest rate spread (percentage points) 4.0 3.5 5.5

Infrastructure
Paved roads (% of total roads) 57.2 .. 36.8
Electric power consumption (kWh per capita) 2,227 3,909 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.7 77.9 100.6
Internet users (per 100 people) 0.2 5.5 34.6

128 2011 The Little Data Book on Private Sector Development


Liechtenstein High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.03 0.04 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) 79,640 136,630 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.5 2.5 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. 0.6
New business density (new regis. per working-age pop.) .. 25.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 30.4 97.5 111.2
Internet users (per 100 people) 36.5 64.0 72.3

The Little Data Book on Private Sector Development 2011 129


Lithuania
Europe & Central Asia Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.5 3.3 1,002
Labor force (millions) 1.7 1.6 458
Unemployment rate (% of labor force) 15.9 13.7 9.1
GNI per capita, World Bank Atlas method ($) 3,200 11,410 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.6 6.3 4.4
Agriculture value added (% of GDP) 6.3 4.3 6.2
Industry value added (% of GDP) 29.8 31.5 31.5
Manufacturing value added (% of GDP) 19.3 17.9 16.7
Services value added (% of GDP) 63.9 64.2 62.4
Inflation (annual % change in consumer price index) 1.0 4.4
Exchange rate (local currency units per $) 4.0 2.5
Exports of goods and services (% of GDP) 44.7 60.2 25.4
Imports of goods and services (% of GDP) 51.0 71.7 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 23
Time to start a business (days) .. 22 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 30.0 40.1
Closing a business (years to resolve insolvency) .. 1.5 2.9
Total tax rate (% of profit) .. 38.7 43.0
Profit tax (% of commercial profits) .. 0.0 18.0
New businesses registered (thousands) .. 5.4
New business density (new regis. per working-age pop.) .. 2.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) 6.2 9.3
Firms expected to give gifts in meetings w/tax officials (%) 31.4 3.4
Firms using banks to finance investments (% of firms) 15.4 47.4
Delay in obtaining an electrical connection (days) 5.3 63.0
ISO certification ownership (% of firms) 14.9 15.6

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 388 131 64,899
Private foreign direct investment, net (% of GDP) 3.3 0.6 2.4
Gross fixed capital formation (% of GDP) 18.7 25.2 20.7
Gross fixed private capital formation (% of GDP) 16.4 22.7 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -2.8 -9.0 -0.6
Government debt (% of GDP) .. 33.3 ..
Deposit money banks’ assets (% of GDP) 18.5 72.8 60.6
Total financial system deposits (% of GDP) 17.0 40.1 47.4
Bank capital to asset ratio (%) 10.2 7.9 9.7
Bank nonperforming loans to total gross loans ratio (%) 11.3 19.3 4.2
Domestic credit to the private sector (% of GDP) 13.2 70.9 47.8
Real interest rate (%) 11.1 10.8
Interest rate spread (percentage points) 8.3 3.6 5.5

Infrastructure
Paved roads (% of total roads) .. 28.6 36.8
Electric power consumption (kWh per capita) 2,517 3,557 3,001
Power outages in a typical month (number) .. 1.1
Mobile cellular subscriptions (per 100 people) 15.0 148.6 100.6
Internet users (per 100 people) 6.4 58.8 34.6

130 2011 The Little Data Book on Private Sector Development


Luxembourg High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.44 0.50 1,117
Labor force (millions) 0.19 0.23 547
Unemployment rate (% of labor force) 2.3 5.1 8.1
GNI per capita, World Bank Atlas method ($) 43,660 76,710 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.3 3.6 2.0
Agriculture value added (% of GDP) 0.7 0.3 1.5
Industry value added (% of GDP) 18.4 13.3 25.0
Manufacturing value added (% of GDP) 11.3 6.5 15.9
Services value added (% of GDP) 81.0 86.4 73.5
Inflation (annual % change in consumer price index) 3.1 0.4
Exchange rate (local currency units per $) 36.3 ..
Exports of goods and services (% of GDP) 150.0 169.4 23.6
Imports of goods and services (% of GDP) 129.0 136.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 45
Time to start a business (days) .. 19 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 52.0 37.9
Closing a business (years to resolve insolvency) .. 2.0 2.1
Total tax rate (% of profit) .. 21.1 38.6
Profit tax (% of commercial profits) .. 4.1 14.3
New businesses registered (thousands) .. 2.4
New business density (new regis. per working-age pop.) .. 7.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 437.8 372.6 2.0
Gross fixed capital formation (% of GDP) 20.8 17.5 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 5.5 -0.7 -7.7
Government debt (% of GDP) 4.9 12.7 55.7
Deposit money banks’ assets (% of GDP) 92.5 187.3 140.0
Total financial system deposits (% of GDP) 313.2 341.6 108.5
Bank capital to asset ratio (%) 4.0 6.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 0.5 1.3 3.4
Domestic credit to the private sector (% of GDP) 102.2 186.0 165.1
Real interest rate (%) 5.7 ..
Interest rate spread (percentage points) 2.0 .. 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 15,485 15,895 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 69.5 144.4 111.2
Internet users (per 100 people) 22.9 85.3 72.3

The Little Data Book on Private Sector Development 2011 131


Macao SAR, China High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.44 0.54 1,117
Labor force (millions) 0.22 0.33 547
Unemployment rate (% of labor force) 6.7 3.6 8.1
GNI per capita, World Bank Atlas method ($) 14,350 39,550 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) -1.1 14.7 2.0
Agriculture value added (% of GDP) 0.0 0.0 1.5
Industry value added (% of GDP) 15.7 15.7 25.0
Manufacturing value added (% of GDP) 10.1 2.8 15.9
Services value added (% of GDP) 90.3 84.3 73.5
Inflation (annual % change in consumer price index) -1.6 1.2
Exchange rate (local currency units per $) 8.0 8.0
Exports of goods and services (% of GDP) 100.4 89.6 23.6
Imports of goods and services (% of GDP) 64.6 42.1 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.0 7.5 2.0
Gross fixed capital formation (% of GDP) 11.5 17.6 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 1.6 13.3 -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 77.4 51.3 140.0
Total financial system deposits (% of GDP) 164.5 125.3 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 79.9 57.0 165.1
Real interest rate (%) 12.2 6.3
Interest rate spread (percentage points) 4.6 5.2 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 32.0 192.8 111.2
Internet users (per 100 people) 13.6 52.2 72.3

132 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Macedonia, FYR Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.0 2.0 1,002
Labor force (millions) 0.83 0.90 458
Unemployment rate (% of labor force) 32.2 32.2 9.1
GNI per capita, World Bank Atlas method ($) 1,840 4,400 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.0 3.1 4.4
Agriculture value added (% of GDP) 12.0 11.3 6.2
Industry value added (% of GDP) 33.7 36.3 31.5
Manufacturing value added (% of GDP) 20.7 23.0 16.7
Services value added (% of GDP) 54.2 52.3 62.4
Inflation (annual % change in consumer price index) 6.6 -0.3
Exchange rate (local currency units per $) 65.9 44.1
Exports of goods and services (% of GDP) 48.6 44.3 25.4
Imports of goods and services (% of GDP) 63.5 67.3 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 38
Time to start a business (days) .. 3 43
Procedures to start a business (number) .. 3 8
Firing cost (weeks of wages) .. 26.0 40.1
Closing a business (years to resolve insolvency) .. 2.9 2.9
Total tax rate (% of profit) .. 10.6 43.0
Profit tax (% of commercial profits) .. 6.3 18.0
New businesses registered (thousands) .. 8.1
New business density (new regis. per working-age pop.) .. 5.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) 9.3 14.5
Firms expected to give gifts in meetings w/tax officials (%) 36.8 8.1
Firms using banks to finance investments (% of firms) 10.0 47.0
Delay in obtaining an electrical connection (days) 11.2 27.7
ISO certification ownership (% of firms) 12.1 21.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 429 136 64,899
Private foreign direct investment, net (% of GDP) 6.0 2.7 2.4
Gross fixed capital formation (% of GDP) 16.2 20.8 20.7
Gross fixed private capital formation (% of GDP) 11.5 18.2 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -0.8 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 60.6
Total financial system deposits (% of GDP) .. .. 47.4
Bank capital to asset ratio (%) .. 11.4 9.7
Bank nonperforming loans to total gross loans ratio (%) 23.1 8.9 4.2
Domestic credit to the private sector (% of GDP) 17.8 44.3 47.8
Real interest rate (%) 9.9 7.1
Interest rate spread (percentage points) 7.7 3.0 5.5

Infrastructure
Paved roads (% of total roads) 63.8 56.5 36.8
Electric power consumption (kWh per capita) 2,929 3,723 3,001
Power outages in a typical month (number) .. 2.2
Mobile cellular subscriptions (per 100 people) 5.8 95.1 100.6
Internet users (per 100 people) 2.5 51.8 34.6

The Little Data Book on Private Sector Development 2011 133


Madagascar
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 15.3 19.6 846
Labor force (millions) 7.3 9.7 384
Unemployment rate (% of labor force) 5.8 2.6 ..
GNI per capita, World Bank Atlas method ($) 250 430 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.9 3.6 5.4
Agriculture value added (% of GDP) 29.2 29.1 26.1
Industry value added (% of GDP) 14.2 16.0 24.4
Manufacturing value added (% of GDP) 12.2 14.1 12.4
Services value added (% of GDP) 56.6 54.9 49.5
Inflation (annual % change in consumer price index) 11.9 9.0
Exchange rate (local currency units per $) 1,353.5 1,956.2
Exports of goods and services (% of GDP) 30.7 28.5 23.2
Imports of goods and services (% of GDP) 38.0 52.2 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 140
Time to start a business (days) .. 7 41
Procedures to start a business (number) .. 2 8
Firing cost (weeks of wages) .. 30.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 37.7 76.5
Profit tax (% of commercial profits) .. 15.8 24.8
New businesses registered (thousands) .. 0.7
New business density (new regis. per working-age pop.) .. 0.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 17.1
Firms expected to give gifts in meetings w/tax officials (%) .. 6.8
Firms using banks to finance investments (% of firms) .. 12.2
Delay in obtaining an electrical connection (days) .. 92.1
ISO certification ownership (% of firms) .. 8.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 10 83 4,779
Private foreign direct investment, net (% of GDP) 2.1 6.3 2.7
Gross fixed capital formation (% of GDP) 15.0 32.6 22.9
Gross fixed private capital formation (% of GDP) 8.3 29.4 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -2.0 -1.9 -1.4
Government debt (% of GDP) 111.9 .. ..
Deposit money banks’ assets (% of GDP) 11.1 14.5 31.8
Total financial system deposits (% of GDP) 14.0 17.3 30.6
Bank capital to asset ratio (%) 7.1 .. ..
Bank nonperforming loans to total gross loans ratio (%) 8.6 .. ..
Domestic credit to the private sector (% of GDP) 8.8 11.5 26.3
Real interest rate (%) 18.0 33.8
Interest rate spread (percentage points) 11.5 33.5 11.5

Infrastructure
Paved roads (% of total roads) 11.6 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 13.6
Mobile cellular subscriptions (per 100 people) 0.4 30.6 26.6
Internet users (per 100 people) 0.2 1.6 2.7

134 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Malawi Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 11.8 15.3 846
Labor force (millions) 5.0 6.3 384
Unemployment rate (% of labor force) .. 7.8 ..
GNI per capita, World Bank Atlas method ($) 150 290 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.8 4.8 5.4
Agriculture value added (% of GDP) 39.5 30.5 26.1
Industry value added (% of GDP) 17.9 16.1 24.4
Manufacturing value added (% of GDP) 12.9 10.0 12.4
Services value added (% of GDP) 42.5 53.4 49.5
Inflation (annual % change in consumer price index) 29.6 8.4
Exchange rate (local currency units per $) 59.5 141.2
Exports of goods and services (% of GDP) 25.6 30.0 23.2
Imports of goods and services (% of GDP) 35.3 37.7 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 133
Time to start a business (days) .. 39 41
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 84.0 71.0
Closing a business (years to resolve insolvency) .. 2.6 3.7
Total tax rate (% of profit) .. 25.1 76.5
Profit tax (% of commercial profits) .. 23.3 24.8
New businesses registered (thousands) .. 0.6
New business density (new regis. per working-age pop.) .. 0.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 3.5
Firms expected to give gifts in meetings w/tax officials (%) .. 11.4
Firms using banks to finance investments (% of firms) .. 20.6
Delay in obtaining an electrical connection (days) .. 59.2
ISO certification ownership (% of firms) .. 17.9

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 5 73 4,779
Private foreign direct investment, net (% of GDP) 1.5 1.3 2.7
Gross fixed capital formation (% of GDP) 12.3 21.8 22.9
Gross fixed private capital formation (% of GDP) 2.3 14.9 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 9.1 9.7 31.8
Total financial system deposits (% of GDP) 17.8 15.0 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 9.1 14.2 26.3
Real interest rate (%) 17.3 15.6
Interest rate spread (percentage points) 19.9 21.8 11.5

Infrastructure
Paved roads (% of total roads) .. 45.0 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 1.0
Mobile cellular subscriptions (per 100 people) 0.4 15.7 26.6
Internet users (per 100 people) 0.1 4.7 2.7

The Little Data Book on Private Sector Development 2011 135


Malaysia
East Asia & Pacific Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 23.3 27.5 1,002
Labor force (millions) 9.7 12.0 458
Unemployment rate (% of labor force) 3.0 3.7 9.1
GNI per capita, World Bank Atlas method ($) 3,450 7,350 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.7 5.1 4.4
Agriculture value added (% of GDP) 8.6 9.5 6.2
Industry value added (% of GDP) 48.3 44.3 31.5
Manufacturing value added (% of GDP) 30.9 25.5 16.7
Services value added (% of GDP) 43.1 46.2 62.4
Inflation (annual % change in consumer price index) 1.5 0.6
Exchange rate (local currency units per $) 3.8 3.5
Exports of goods and services (% of GDP) 119.8 96.4 25.4
Imports of goods and services (% of GDP) 100.6 74.9 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 21
Time to start a business (days) .. 17 43
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 75.0 40.1
Closing a business (years to resolve insolvency) .. 2.3 2.9
Total tax rate (% of profit) .. 33.7 43.0
Profit tax (% of commercial profits) .. 16.7 18.0
New businesses registered (thousands) .. 41.6
New business density (new regis. per working-age pop.) .. 2.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) 7.3 7.8
Firms expected to give gifts in meetings w/tax officials (%) .. ..
Firms using banks to finance investments (% of firms) 48.6 48.6
Delay in obtaining an electrical connection (days) .. 10.7
ISO certification ownership (% of firms) 31.4 54.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 5,511 388 64,899
Private foreign direct investment, net (% of GDP) 4.0 0.7 2.4
Gross fixed capital formation (% of GDP) 25.3 20.1 20.7
Gross fixed private capital formation (% of GDP) 13.4 9.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -4.1 -6.4 -0.6
Government debt (% of GDP) 43.0 53.3 ..
Deposit money banks’ assets (% of GDP) 135.4 138.0 60.6
Total financial system deposits (% of GDP) 112.9 134.7 47.4
Bank capital to asset ratio (%) 8.5 9.0 9.7
Bank nonperforming loans to total gross loans ratio (%) 15.4 3.7 4.2
Domestic credit to the private sector (% of GDP) 135.0 117.1 47.8
Real interest rate (%) -1.1 12.6
Interest rate spread (percentage points) 4.3 3.0 5.5

Infrastructure
Paved roads (% of total roads) 76.2 82.8 36.8
Electric power consumption (kWh per capita) 2,742 3,490 3,001
Power outages in a typical month (number) .. 0.8
Mobile cellular subscriptions (per 100 people) 22.0 110.6 100.6
Internet users (per 100 people) 21.4 57.6 34.6

136 2011 The Little Data Book on Private Sector Development


South Asia
Maldives
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.27 0.31 3,811
Labor force (millions) 0.09 0.15 1,787
Unemployment rate (% of labor force) 2.0 14.4 5.3
GNI per capita, World Bank Atlas method ($) 2,150 3,970 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 8.5 6.4 8.5
Agriculture value added (% of GDP) 8.8 5.0 13.3
Industry value added (% of GDP) 15.0 17.4 38.9
Manufacturing value added (% of GDP) 8.0 6.8 25.8
Services value added (% of GDP) 76.2 77.5 47.7
Inflation (annual % change in consumer price index) .. 4.0
Exchange rate (local currency units per $) 11.8 12.8
Exports of goods and services (% of GDP) 89.5 67.0 28.9
Imports of goods and services (% of GDP) 71.6 94.2 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 85
Time to start a business (days) .. 9 35
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 9.0 57.7
Closing a business (years to resolve insolvency) .. 6.7 3.3
Total tax rate (% of profit) .. 9.3 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. 0.9
New business density (new regis. per working-age pop.) .. 3.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 2 40 41,477
Private foreign direct investment, net (% of GDP) 2.1 7.6 2.0
Gross fixed capital formation (% of GDP) 26.3 53.5 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -5.0 -26.5 -2.3
Government debt (% of GDP) 40.9 52.3 ..
Deposit money banks’ assets (% of GDP) 21.6 105.2 107.6
Total financial system deposits (% of GDP) 31.7 71.3 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 19.1 82.5 92.9
Real interest rate (%) 11.7 -6.2
Interest rate spread (percentage points) 6.1 6.5 7.3

Infrastructure
Paved roads (% of total roads) .. 100.0 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.8 147.9 57.8
Internet users (per 100 people) 2.2 28.4 17.2

The Little Data Book on Private Sector Development 2011 137


Mali
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.5 13.0 846
Labor force (millions) 3.0 3.8 384
Unemployment rate (% of labor force) 3.3 8.8 ..
GNI per capita, World Bank Atlas method ($) 250 680 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.5 5.3 5.4
Agriculture value added (% of GDP) 41.6 36.5 26.1
Industry value added (% of GDP) 20.6 24.2 24.4
Manufacturing value added (% of GDP) 3.8 3.1 12.4
Services value added (% of GDP) 37.9 39.1 49.5
Inflation (annual % change in consumer price index) -0.7 2.2
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 26.8 26.2 23.2
Imports of goods and services (% of GDP) 39.4 35.6 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 153
Time to start a business (days) .. 8 41
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 31.0 71.0
Closing a business (years to resolve insolvency) .. 3.6 3.7
Total tax rate (% of profit) .. 52.2 76.5
Profit tax (% of commercial profits) .. 12.9 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.4
Firms expected to give gifts in meetings w/tax officials (%) .. 31.1
Firms using banks to finance investments (% of firms) .. 7.0
Delay in obtaining an electrical connection (days) .. 48.4
ISO certification ownership (% of firms) .. 8.6

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 366 429 4,779
Private foreign direct investment, net (% of GDP) 3.4 1.2 2.7
Gross fixed capital formation (% of GDP) 24.6 22.4 22.9
Gross fixed private capital formation (% of GDP) 15.9 14.0 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -3.4 -2.1 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 15.9 19.7 31.8
Total financial system deposits (% of GDP) 13.7 19.8 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 16.6 17.4 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 12.1 19.0 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 4.2
Mobile cellular subscriptions (per 100 people) 0.1 28.8 26.6
Internet users (per 100 people) 0.1 1.9 2.7

138 2011 The Little Data Book on Private Sector Development


Malta
High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.39 0.41 1,117
Labor force (millions) 0.16 0.17 547
Unemployment rate (% of labor force) 6.5 6.9 8.1
GNI per capita, World Bank Atlas method ($) 10,110 18,360 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.9 2.0 2.0
Agriculture value added (% of GDP) 2.3 1.8 1.5
Industry value added (% of GDP) 50.9 33.0 25.0
Manufacturing value added (% of GDP) 22.4 13.6 15.9
Services value added (% of GDP) 46.8 65.2 73.5
Inflation (annual % change in consumer price index) 2.4 2.1
Exchange rate (local currency units per $) 0.4 0.3
Exports of goods and services (% of GDP) 92.1 74.2 23.6
Imports of goods and services (% of GDP) 102.7 73.7 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. 2.7
New business density (new regis. per working-age pop.) .. 9.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 15.4 11.2 2.0
Gross fixed capital formation (% of GDP) 23.1 14.5 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. -3.8 -7.7
Government debt (% of GDP) .. 81.1 55.7
Deposit money banks’ assets (% of GDP) 134.2 160.6 140.0
Total financial system deposits (% of GDP) 125.4 145.4 108.5
Bank capital to asset ratio (%) .. 15.2 6.8
Bank nonperforming loans to total gross loans ratio (%) .. 2.4 3.4
Domestic credit to the private sector (% of GDP) 106.8 135.5 165.1
Real interest rate (%) 3.0 2.1
Interest rate spread (percentage points) 2.4 2.6 3.8

Infrastructure
Paved roads (% of total roads) 88.0 87.5 93.4
Electric power consumption (kWh per capita) 4,313 4,806 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 29.3 101.7 111.2
Internet users (per 100 people) 13.1 58.0 72.3

The Little Data Book on Private Sector Development 2011 139


Marshall Islands
East Asia & Pacific Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.05 0.06 3,811
Labor force (millions) .. .. 1,787
Unemployment rate (% of labor force) 30.9 .. 5.3
GNI per capita, World Bank Atlas method ($) 2,420 3,060 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -3.7 2.2 8.5
Agriculture value added (% of GDP) 9.4 .. 13.3
Industry value added (% of GDP) 18.6 .. 38.9
Manufacturing value added (% of GDP) 3.7 .. 25.8
Services value added (% of GDP) 72.1 .. 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 28.9
Imports of goods and services (% of GDP) .. .. 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 108
Time to start a business (days) .. 17 35
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. .. 57.7
Closing a business (years to resolve insolvency) .. 2.0 3.3
Total tax rate (% of profit) .. 64.9 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 41,477
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) .. .. 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) .. .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.9 1.6 57.8
Internet users (per 100 people) 1.6 3.6 17.2

140 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Mauritania Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.6 3.3 846
Labor force (millions) 1.0 1.4 384
Unemployment rate (% of labor force) 20.6 33.0 ..
GNI per capita, World Bank Atlas method ($) 460 990 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.3 4.7 5.4
Agriculture value added (% of GDP) 27.6 20.6 26.1
Industry value added (% of GDP) 29.7 34.7 24.4
Manufacturing value added (% of GDP) 9.0 4.1 12.4
Services value added (% of GDP) 42.6 44.8 49.5
Inflation (annual % change in consumer price index) 3.3 2.2
Exchange rate (local currency units per $) 238.9 262.4
Exports of goods and services (% of GDP) 46.2 49.7 23.2
Imports of goods and services (% of GDP) 74.2 67.6 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 165
Time to start a business (days) .. 19 41
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 31.0 71.0
Closing a business (years to resolve insolvency) .. 8.0 3.7
Total tax rate (% of profit) .. 68.4 76.5
Profit tax (% of commercial profits) .. 44.2 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 43 43 4,779
Private foreign direct investment, net (% of GDP) 3.7 -1.3 2.7
Gross fixed capital formation (% of GDP) 19.4 25.2 22.9
Gross fixed private capital formation (% of GDP) 14.8 36.7 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 24.3 35.4 31.8
Total financial system deposits (% of GDP) 10.3 24.6 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 23.1 27.0 26.3
Real interest rate (%) 23.9 15.1
Interest rate spread (percentage points) 16.2 15.5 11.5

Infrastructure
Paved roads (% of total roads) .. 26.8 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 3.7
Mobile cellular subscriptions (per 100 people) 0.6 66.3 26.6
Internet users (per 100 people) 0.2 2.3 2.7

The Little Data Book on Private Sector Development 2011 141


Mauritius
Sub-Saharan Africa Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.2 1.3 1,002
Labor force (millions) 0.53 0.57 458
Unemployment rate (% of labor force) 8.8 7.3 9.1
GNI per capita, World Bank Atlas method ($) 3,870 7,250 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.5 3.7 4.4
Agriculture value added (% of GDP) 7.0 4.3 6.2
Industry value added (% of GDP) 31.0 29.1 31.5
Manufacturing value added (% of GDP) 23.5 19.4 16.7
Services value added (% of GDP) 62.1 66.6 62.4
Inflation (annual % change in consumer price index) 4.2 2.5
Exchange rate (local currency units per $) 26.2 32.0
Exports of goods and services (% of GDP) 61.4 48.4 25.4
Imports of goods and services (% of GDP) 61.9 59.1 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 20
Time to start a business (days) .. 6 43
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 4.0 40.1
Closing a business (years to resolve insolvency) .. 1.7 2.9
Total tax rate (% of profit) .. 24.1 43.0
Profit tax (% of commercial profits) .. 11.8 18.0
New businesses registered (thousands) .. 6.6
New business density (new regis. per working-age pop.) .. 7.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.4
Firms expected to give gifts in meetings w/tax officials (%) .. 0.3
Firms using banks to finance investments (% of firms) .. 37.5
Delay in obtaining an electrical connection (days) .. 18.7
ISO certification ownership (% of firms) .. 11.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 338 35 64,899
Private foreign direct investment, net (% of GDP) 5.8 3.0 2.4
Gross fixed capital formation (% of GDP) 22.9 26.2 20.7
Gross fixed private capital formation (% of GDP) 16.5 19.5 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. 0.6 -0.6
Government debt (% of GDP) .. 38.9 ..
Deposit money banks’ assets (% of GDP) 70.5 109.9 60.6
Total financial system deposits (% of GDP) 72.5 98.3 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 57.5 85.1 47.8
Real interest rate (%) 18.3 17.5
Interest rate spread (percentage points) 11.2 10.8 5.5

Infrastructure
Paved roads (% of total roads) 97.0 98.0 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. 3.2
Mobile cellular subscriptions (per 100 people) 15.2 85.2 100.6
Internet users (per 100 people) 7.3 22.7 34.6

142 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Mayotte
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.16 0.20 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) .. .. 9.1
GNI per capita, World Bank Atlas method ($) .. .. 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 4.4
Agriculture value added (% of GDP) .. .. 6.2
Industry value added (% of GDP) .. .. 31.5
Manufacturing value added (% of GDP) .. .. 16.7
Services value added (% of GDP) .. .. 62.4
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 25.4
Imports of goods and services (% of GDP) .. .. 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 43
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. .. 43.0
Profit tax (% of commercial profits) .. .. 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 64,899
Private foreign direct investment, net (% of GDP) .. .. 2.4
Gross fixed capital formation (% of GDP) .. .. 20.7
Gross fixed private capital formation (% of GDP) .. .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 60.6
Total financial system deposits (% of GDP) .. .. 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) .. .. 47.8
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.5

Infrastructure
Paved roads (% of total roads) .. .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 12.7 28.0 100.6
Internet users (per 100 people) .. .. 34.6

The Little Data Book on Private Sector Development 2011 143


Mexico
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 98.0 107.4 1,002
Labor force (millions) 39.5 47.2 458
Unemployment rate (% of labor force) 2.6 5.2 9.1
GNI per capita, World Bank Atlas method ($) 5,110 8,960 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.4 2.2 4.4
Agriculture value added (% of GDP) 4.2 4.3 6.2
Industry value added (% of GDP) 28.0 34.8 31.5
Manufacturing value added (% of GDP) 20.3 17.2 16.7
Services value added (% of GDP) 67.8 60.9 62.4
Inflation (annual % change in consumer price index) 9.5 5.3
Exchange rate (local currency units per $) 9.5 13.5
Exports of goods and services (% of GDP) 30.9 27.8 25.4
Imports of goods and services (% of GDP) 32.9 29.3 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 35
Time to start a business (days) .. 9 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 52.0 40.1
Closing a business (years to resolve insolvency) .. 1.8 2.9
Total tax rate (% of profit) .. 50.5 43.0
Profit tax (% of commercial profits) .. 23.1 18.0
New businesses registered (thousands) .. 44.1
New business density (new regis. per working-age pop.) .. 0.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 20.5
Firms expected to give gifts in meetings w/tax officials (%) .. 9.6
Firms using banks to finance investments (% of firms) .. 2.6
Delay in obtaining an electrical connection (days) .. 8.3
ISO certification ownership (% of firms) .. 20.3

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 5,277 4,165 64,899
Private foreign direct investment, net (% of GDP) 3.1 1.7 2.4
Gross fixed capital formation (% of GDP) 21.4 21.8 20.7
Gross fixed private capital formation (% of GDP) 17.8 16.0 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -1.2 .. -0.6
Government debt (% of GDP) 23.2 .. ..
Deposit money banks’ assets (% of GDP) 34.5 40.1 60.6
Total financial system deposits (% of GDP) 23.5 25.9 47.4
Bank capital to asset ratio (%) 9.6 9.7 9.7
Bank nonperforming loans to total gross loans ratio (%) 5.8 3.1 4.2
Domestic credit to the private sector (% of GDP) 18.3 23.3 47.8
Real interest rate (%) 4.3 2.7
Interest rate spread (percentage points) 8.7 5.1 5.5

Infrastructure
Paved roads (% of total roads) 32.8 35.3 36.8
Electric power consumption (kWh per capita) 1,722 2,020 3,001
Power outages in a typical month (number) .. 2.4
Mobile cellular subscriptions (per 100 people) 14.4 77.8 100.6
Internet users (per 100 people) 5.2 26.5 34.6

144 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Micronesia, Fed. Sts. Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.11 0.11 3,811
Labor force (millions) .. .. 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 2,270 2,500 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -0.3 -0.2 8.5
Agriculture value added (% of GDP) .. .. 13.3
Industry value added (% of GDP) .. .. 38.9
Manufacturing value added (% of GDP) .. .. 25.8
Services value added (% of GDP) .. .. 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) .. .. 28.9
Imports of goods and services (% of GDP) .. .. 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 141
Time to start a business (days) .. 16 35
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. .. 57.7
Closing a business (years to resolve insolvency) .. 5.3 3.3
Total tax rate (% of profit) .. 58.7 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 12.4
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 41,477
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 31.7 21.6 92.9
Real interest rate (%) 14.1 6.8
Interest rate spread (percentage points) 10.7 14.1 7.3

Infrastructure
Paved roads (% of total roads) 17.5 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 5.8
Mobile cellular subscriptions (per 100 people) 0.0 34.3 57.8
Internet users (per 100 people) 3.7 15.4 17.2

The Little Data Book on Private Sector Development 2011 145


Moldova
Europe & Central Asia Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.1 3.6 3,811
Labor force (millions) 1.9 1.5 1,787
Unemployment rate (% of labor force) 8.5 6.4 5.3
GNI per capita, World Bank Atlas method ($) 370 1,560 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -2.6 5.6 8.5
Agriculture value added (% of GDP) 29.0 10.0 13.3
Industry value added (% of GDP) 21.7 12.9 38.9
Manufacturing value added (% of GDP) 16.3 12.5 25.8
Services value added (% of GDP) 49.2 77.0 47.7
Inflation (annual % change in consumer price index) 31.3 -0.1
Exchange rate (local currency units per $) 12.4 11.1
Exports of goods and services (% of GDP) 49.8 36.8 28.9
Imports of goods and services (% of GDP) 75.4 73.4 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 90
Time to start a business (days) .. 10 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 37.0 57.7
Closing a business (years to resolve insolvency) .. 2.8 3.3
Total tax rate (% of profit) .. 30.9 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. 4.2
New business density (new regis. per working-age pop.) .. 1.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) 7.0 7.0
Firms expected to give gifts in meetings w/tax officials (%) 73.3 15.5
Firms using banks to finance investments (% of firms) 28.0 30.8
Delay in obtaining an electrical connection (days) 19.1 24.3
ISO certification ownership (% of firms) 8.8 9.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 125 117 41,477
Private foreign direct investment, net (% of GDP) 9.9 2.4 2.0
Gross fixed capital formation (% of GDP) 15.4 25.8 34.9
Gross fixed private capital formation (% of GDP) 13.8 22.1 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -1.5 -5.7 -2.3
Government debt (% of GDP) 73.0 24.4 ..
Deposit money banks’ assets (% of GDP) 16.3 43.0 107.6
Total financial system deposits (% of GDP) 13.1 40.0 54.9
Bank capital to asset ratio (%) 30.6 16.0 10.0
Bank nonperforming loans to total gross loans ratio (%) 20.6 16.3 5.1
Domestic credit to the private sector (% of GDP) 12.7 36.2 92.9
Real interest rate (%) 5.1 18.1
Interest rate spread (percentage points) 8.9 5.6 7.3

Infrastructure
Paved roads (% of total roads) 86.1 85.8 36.3
Electric power consumption (kWh per capita) 892 1,287 1,318
Power outages in a typical month (number) .. 1.7
Mobile cellular subscriptions (per 100 people) 3.4 77.3 57.8
Internet users (per 100 people) 1.3 35.9 17.2

146 2011 The Little Data Book on Private Sector Development


Monaco High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.03 0.03 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 3.6 .. 8.1
GNI per capita, World Bank Atlas method ($) 91,070 197,590 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.9 4.3 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 111.2
Internet users (per 100 people) .. .. 72.3

The Little Data Book on Private Sector Development 2011 147


Mongolia
East Asia & Pacific Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.4 2.7 3,811
Labor force (millions) 1.1 1.4 1,787
Unemployment rate (% of labor force) 3.4 3.3 5.3
GNI per capita, World Bank Atlas method ($) 410 1,630 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.0 7.4 8.5
Agriculture value added (% of GDP) 32.7 23.5 13.3
Industry value added (% of GDP) 20.3 32.7 38.9
Manufacturing value added (% of GDP) 4.6 4.7 25.8
Services value added (% of GDP) 47.0 43.8 47.7
Inflation (annual % change in consumer price index) 11.6 6.3
Exchange rate (local currency units per $) 1,076.7 1,437.8
Exports of goods and services (% of GDP) 56.4 55.8 28.9
Imports of goods and services (% of GDP) 70.9 62.6 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 73
Time to start a business (days) .. 13 35
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 9.0 57.7
Closing a business (years to resolve insolvency) .. 4.0 3.3
Total tax rate (% of profit) .. 23.0 40.2
Profit tax (% of commercial profits) .. 9.5 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 12.1
Firms expected to give gifts in meetings w/tax officials (%) .. 20.8
Firms using banks to finance investments (% of firms) .. 26.5
Delay in obtaining an electrical connection (days) .. 20.0
ISO certification ownership (% of firms) .. 16.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 11 2 41,477
Private foreign direct investment, net (% of GDP) 4.9 14.8 2.0
Gross fixed capital formation (% of GDP) 25.1 49.0 34.9
Gross fixed private capital formation (% of GDP) 22.0 45.8 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) 0.2 -4.5 -2.3
Government debt (% of GDP) 81.9 64.8 ..
Deposit money banks’ assets (% of GDP) 10.8 41.8 107.6
Total financial system deposits (% of GDP) 12.8 34.9 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 7.2 43.9 92.9
Real interest rate (%) 8.6 21.3
Interest rate spread (percentage points) 20.2 8.4 7.3

Infrastructure
Paved roads (% of total roads) 3.5 .. 36.3
Electric power consumption (kWh per capita) 1,080 1,473 1,318
Power outages in a typical month (number) .. 2.6
Mobile cellular subscriptions (per 100 people) 6.5 84.2 57.8
Internet users (per 100 people) 1.3 13.1 17.2

148 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Montenegro Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.66 0.62 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) .. 30.3 9.1
GNI per capita, World Bank Atlas method ($) 1,840 6,650 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) -1.6 4.7 4.4
Agriculture value added (% of GDP) 12.5 10.0 6.2
Industry value added (% of GDP) 23.4 20.1 31.5
Manufacturing value added (% of GDP) 10.2 5.9 16.7
Services value added (% of GDP) 64.1 69.9 62.4
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.1 0.7
Exports of goods and services (% of GDP) 36.8 32.8 25.4
Imports of goods and services (% of GDP) 51.1 65.9 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 66
Time to start a business (days) .. 10 43
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 28.0 40.1
Closing a business (years to resolve insolvency) .. 2.0 2.9
Total tax rate (% of profit) .. 26.6 43.0
Profit tax (% of commercial profits) .. 6.6 18.0
New businesses registered (thousands) .. 0.4
New business density (new regis. per working-age pop.) .. 0.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.8
Firms expected to give gifts in meetings w/tax officials (%) .. 3.4
Firms using banks to finance investments (% of firms) .. 75.9
Delay in obtaining an electrical connection (days) .. 30.9
ISO certification ownership (% of firms) .. 13.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 10 306 64,899
Private foreign direct investment, net (% of GDP) .. 32.0 2.4
Gross fixed capital formation (% of GDP) 16.9 26.8 20.7
Gross fixed private capital formation (% of GDP) .. 18.3 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 60.6
Total financial system deposits (% of GDP) .. .. 47.4
Bank capital to asset ratio (%) .. 11.0 9.7
Bank nonperforming loans to total gross loans ratio (%) .. 13.5 4.2
Domestic credit to the private sector (% of GDP) 8.1 76.5 47.8
Real interest rate (%) .. 6.7
Interest rate spread (percentage points) .. 5.5 5.5

Infrastructure
Paved roads (% of total roads) .. .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. 7.0
Mobile cellular subscriptions (per 100 people) .. 120.5 100.6
Internet users (per 100 people) .. 44.9 34.6

The Little Data Book on Private Sector Development 2011 149


Morocco
Middle East & North Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 28.8 32.0 3,811
Labor force (millions) 10.2 12.0 1,787
Unemployment rate (% of labor force) 13.6 10.0 5.3
GNI per capita, World Bank Atlas method ($) 1,310 2,770 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.4 5.0 8.5
Agriculture value added (% of GDP) 14.9 16.4 13.3
Industry value added (% of GDP) 29.1 28.5 38.9
Manufacturing value added (% of GDP) 17.5 15.9 25.8
Services value added (% of GDP) 56.0 55.1 47.7
Inflation (annual % change in consumer price index) 1.9 1.0
Exchange rate (local currency units per $) 10.6 8.1
Exports of goods and services (% of GDP) 28.0 28.6 28.9
Imports of goods and services (% of GDP) 33.4 39.5 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 114
Time to start a business (days) .. 12 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 85.0 57.7
Closing a business (years to resolve insolvency) .. 1.8 3.3
Total tax rate (% of profit) .. 41.7 40.2
Profit tax (% of commercial profits) .. 18.1 16.3
New businesses registered (thousands) .. 26.2
New business density (new regis. per working-age pop.) .. 1.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 11.4
Firms expected to give gifts in meetings w/tax officials (%) .. 10.7
Firms using banks to finance investments (% of firms) .. 12.3
Delay in obtaining an electrical connection (days) .. 18.8
ISO certification ownership (% of firms) .. 17.3

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 2,135 240 41,477
Private foreign direct investment, net (% of GDP) 0.6 2.2 2.0
Gross fixed capital formation (% of GDP) 26.0 30.7 34.9
Gross fixed private capital formation (% of GDP) 21.3 24.8 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -3.1 1.0 -2.3
Government debt (% of GDP) 56.5 46.9 ..
Deposit money banks’ assets (% of GDP) 66.4 99.9 107.6
Total financial system deposits (% of GDP) 59.2 87.0 54.9
Bank capital to asset ratio (%) 9.8 7.6 10.0
Bank nonperforming loans to total gross loans ratio (%) 17.5 5.5 5.1
Domestic credit to the private sector (% of GDP) 51.0 64.4 92.9
Real interest rate (%) 14.0 9.9
Interest rate spread (percentage points) 8.2 8.0 7.3

Infrastructure
Paved roads (% of total roads) 56.4 67.8 36.3
Electric power consumption (kWh per capita) 489 736 1,318
Power outages in a typical month (number) .. 2.5
Mobile cellular subscriptions (per 100 people) 8.1 79.1 57.8
Internet users (per 100 people) 0.7 32.2 17.2

150 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Mozambique Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 18.2 22.9 846
Labor force (millions) 8.9 11.0 384
Unemployment rate (% of labor force) 2.2 .. ..
GNI per capita, World Bank Atlas method ($) 230 440 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 8.1 7.9 5.4
Agriculture value added (% of GDP) 24.0 31.5 26.1
Industry value added (% of GDP) 24.5 23.6 24.4
Manufacturing value added (% of GDP) 12.2 13.6 12.4
Services value added (% of GDP) 51.5 44.9 49.5
Inflation (annual % change in consumer price index) 12.7 3.3
Exchange rate (local currency units per $) 15.2 27.5
Exports of goods and services (% of GDP) 16.5 25.1 23.2
Imports of goods and services (% of GDP) 37.0 43.8 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 126
Time to start a business (days) .. 13 41
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 134.0 71.0
Closing a business (years to resolve insolvency) .. 5.0 3.7
Total tax rate (% of profit) .. 34.3 76.5
Profit tax (% of commercial profits) .. 27.7 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 3.3
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 45 52 4,779
Private foreign direct investment, net (% of GDP) 3.3 9.0 2.7
Gross fixed capital formation (% of GDP) 31.0 21.0 22.9
Gross fixed private capital formation (% of GDP) 21.7 7.9 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 19.3 18.9 31.8
Total financial system deposits (% of GDP) 23.3 26.4 30.6
Bank capital to asset ratio (%) 8.2 7.7 ..
Bank nonperforming loans to total gross loans ratio (%) 17.8 1.8 ..
Domestic credit to the private sector (% of GDP) 16.7 25.1 26.3
Real interest rate (%) 6.3 12.0
Interest rate spread (percentage points) 9.3 6.2 11.5

Infrastructure
Paved roads (% of total roads) 18.7 20.8 12.0
Electric power consumption (kWh per capita) 122 461 231
Power outages in a typical month (number) .. 3.0
Mobile cellular subscriptions (per 100 people) 0.3 26.1 26.6
Internet users (per 100 people) 0.1 2.7 2.7

The Little Data Book on Private Sector Development 2011 151


Myanmar
East Asia & Pacific Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 46.6 50.0 846
Labor force (millions) 25.2 27.0 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) .. .. 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 8.1 13.0 5.4
Agriculture value added (% of GDP) 57.2 48.4 26.1
Industry value added (% of GDP) 9.7 16.2 24.4
Manufacturing value added (% of GDP) 7.2 11.6 12.4
Services value added (% of GDP) 33.1 35.4 49.5
Inflation (annual % change in consumer price index) -0.1 1.5
Exchange rate (local currency units per $) 6.4 5.5
Exports of goods and services (% of GDP) 0.5 0.2 23.2
Imports of goods and services (% of GDP) 0.6 0.1 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 41
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. .. 76.5
Profit tax (% of commercial profits) .. .. 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 325 556 4,779
Private foreign direct investment, net (% of GDP) .. .. 2.7
Gross fixed capital formation (% of GDP) 11.8 11.7 22.9
Gross fixed private capital formation (% of GDP) .. .. 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. -2.0 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 13.1 5.3 31.8
Total financial system deposits (% of GDP) 17.9 8.1 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 10.4 4.7 26.3
Real interest rate (%) 12.5 11.1
Interest rate spread (percentage points) 5.5 5.0 11.5

Infrastructure
Paved roads (% of total roads) 11.4 11.9 12.0
Electric power consumption (kWh per capita) 75 97 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.0 0.9 26.6
Internet users (per 100 people) 0.0 0.2 2.7

152 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Namibia
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.8 2.2 1,002
Labor force (millions) 0.60 0.78 458
Unemployment rate (% of labor force) 20.3 37.6 9.1
GNI per capita, World Bank Atlas method ($) 2,030 4,270 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 5.3 4.4
Agriculture value added (% of GDP) 11.8 9.4 6.2
Industry value added (% of GDP) 28.0 32.7 31.5
Manufacturing value added (% of GDP) 12.8 14.7 16.7
Services value added (% of GDP) 60.2 58.0 62.4
Inflation (annual % change in consumer price index) .. 8.8
Exchange rate (local currency units per $) 6.9 8.5
Exports of goods and services (% of GDP) 40.9 46.6 25.4
Imports of goods and services (% of GDP) 44.5 59.9 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 69
Time to start a business (days) .. 66 43
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 24.0 40.1
Closing a business (years to resolve insolvency) .. 1.5 2.9
Total tax rate (% of profit) .. 9.6 43.0
Profit tax (% of commercial profits) .. 4.0 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.9
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 10 9 64,899
Private foreign direct investment, net (% of GDP) 3.0 5.3 2.4
Gross fixed capital formation (% of GDP) 16.6 24.7 20.7
Gross fixed private capital formation (% of GDP) 11.1 15.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -1.6 2.0 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 51.7 59.7 60.6
Total financial system deposits (% of GDP) 43.8 41.2 47.4
Bank capital to asset ratio (%) 8.7 7.9 9.7
Bank nonperforming loans to total gross loans ratio (%) 3.4 2.7 4.2
Domestic credit to the private sector (% of GDP) 39.8 46.8 47.8
Real interest rate (%) -9.0 4.4
Interest rate spread (percentage points) 7.9 4.9 5.5

Infrastructure
Paved roads (% of total roads) 13.6 .. 36.8
Electric power consumption (kWh per capita) 1,226 1,797 3,001
Power outages in a typical month (number) .. 1.6
Mobile cellular subscriptions (per 100 people) 4.5 56.1 100.6
Internet users (per 100 people) 1.6 5.9 34.6

The Little Data Book on Private Sector Development 2011 153


Nepal
South Asia Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 24.4 29.3 846
Labor force (millions) 10.2 13.3 384
Unemployment rate (% of labor force) 8.8 .. ..
GNI per capita, World Bank Atlas method ($) 220 440 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.6 3.7 5.4
Agriculture value added (% of GDP) 40.8 33.8 26.1
Industry value added (% of GDP) 22.1 15.9 24.4
Manufacturing value added (% of GDP) 9.4 7.0 12.4
Services value added (% of GDP) 37.0 50.2 49.5
Inflation (annual % change in consumer price index) 2.5 11.6
Exchange rate (local currency units per $) 71.1 77.5
Exports of goods and services (% of GDP) 23.3 15.7 23.2
Imports of goods and services (% of GDP) 32.4 37.4 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 116
Time to start a business (days) .. 31 41
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 90.0 71.0
Closing a business (years to resolve insolvency) .. 5.0 3.7
Total tax rate (% of profit) .. 38.2 76.5
Profit tax (% of commercial profits) .. 16.2 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.5
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 30 14 4,779
Private foreign direct investment, net (% of GDP) 0.0 0.3 2.7
Gross fixed capital formation (% of GDP) 19.3 21.2 22.9
Gross fixed private capital formation (% of GDP) 12.4 17.1 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. -1.0 -1.4
Government debt (% of GDP) 64.6 43.7 ..
Deposit money banks’ assets (% of GDP) 34.9 63.9 31.8
Total financial system deposits (% of GDP) 38.8 67.5 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 30.7 59.4 26.3
Real interest rate (%) 4.8 -3.6
Interest rate spread (percentage points) 3.5 5.5 11.5

Infrastructure
Paved roads (% of total roads) .. 55.9 12.0
Electric power consumption (kWh per capita) 58 89 231
Power outages in a typical month (number) .. 52.0
Mobile cellular subscriptions (per 100 people) 0.0 26.0 26.6
Internet users (per 100 people) 0.2 2.1 2.7

154 2011 The Little Data Book on Private Sector Development


Netherlands High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 15.9 16.5 1,117
Labor force (millions) 8.1 9.0 547
Unemployment rate (% of labor force) 2.7 3.4 8.1
GNI per capita, World Bank Atlas method ($) 26,580 48,460 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.1 1.7 2.0
Agriculture value added (% of GDP) 2.6 1.7 1.5
Industry value added (% of GDP) 24.9 24.0 25.0
Manufacturing value added (% of GDP) 15.6 12.6 15.9
Services value added (% of GDP) 72.4 74.3 73.5
Inflation (annual % change in consumer price index) 2.3 1.2
Exchange rate (local currency units per $) 2.0 ..
Exports of goods and services (% of GDP) 70.1 69.4 23.6
Imports of goods and services (% of GDP) 64.5 62.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 30
Time to start a business (days) .. 8 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 17.0 37.9
Closing a business (years to resolve insolvency) .. 1.1 2.1
Total tax rate (% of profit) .. 40.5 38.6
Profit tax (% of commercial profits) .. 20.9 14.3
New businesses registered (thousands) .. 35.1
New business density (new regis. per working-age pop.) .. 3.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 16.4 4.2 2.0
Gross fixed capital formation (% of GDP) 21.9 19.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 2.0 -4.8 -7.7
Government debt (% of GDP) 52.1 58.3 55.7
Deposit money banks’ assets (% of GDP) 147.5 223.6 140.0
Total financial system deposits (% of GDP) 92.4 134.7 108.5
Bank capital to asset ratio (%) 5.1 4.3 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.8 0.8 3.4
Domestic credit to the private sector (% of GDP) 134.2 215.3 165.1
Real interest rate (%) 0.6 2.3
Interest rate spread (percentage points) 1.9 -0.6 3.8

Infrastructure
Paved roads (% of total roads) 90.0 .. 93.4
Electric power consumption (kWh per capita) 6,560 7,226 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 67.5 128.1 111.2
Internet users (per 100 people) 44.0 90.0 72.3

The Little Data Book on Private Sector Development 2011 155


Netherlands Antilles High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.18 0.20 1,117
Labor force (millions) 0.08 0.10 547
Unemployment rate (% of labor force) 14.0 10.3 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) 5.8 1.8
Exchange rate (local currency units per $) 1.8 1.8
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. 1.2
New business density (new regis. per working-age pop.) .. 8.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) 6.1 5.3 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) 5,402 5,342 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 16.5 108.6 111.2
Internet users (per 100 people) 1.1 .. 72.3

156 2011 The Little Data Book on Private Sector Development


New Caledonia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.21 0.25 1,117
Labor force (millions) 0.09 0.11 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) 14,020 .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.2 .. 2.0
Agriculture value added (% of GDP) 3.7 .. 1.5
Industry value added (% of GDP) 19.6 .. 25.0
Manufacturing value added (% of GDP) 4.0 .. 15.9
Services value added (% of GDP) 76.7 .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 129.5 87.2
Exports of goods and services (% of GDP) 13.1 .. 23.6
Imports of goods and services (% of GDP) 33.0 .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) -1.5 .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 23.4 83.1 111.2
Internet users (per 100 people) 14.1 34.0 72.3

The Little Data Book on Private Sector Development 2011 157


New Zealand High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.9 4.3 1,117
Labor force (millions) 1.9 2.4 547
Unemployment rate (% of labor force) 6.2 6.1 8.1
GNI per capita, World Bank Atlas method ($) 13,620 28,810 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.5 2.5 2.0
Agriculture value added (% of GDP) 8.8 5.6 1.5
Industry value added (% of GDP) 25.1 25.0 25.0
Manufacturing value added (% of GDP) 16.7 15.1 15.9
Services value added (% of GDP) 66.1 69.4 73.5
Inflation (annual % change in consumer price index) 3.0 1.9
Exchange rate (local currency units per $) 2.2 1.6
Exports of goods and services (% of GDP) 35.1 28.2 23.6
Imports of goods and services (% of GDP) 33.5 26.5 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 3
Time to start a business (days) .. 1 18
Procedures to start a business (number) .. 1 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. 1.3 2.1
Total tax rate (% of profit) .. 34.3 38.6
Profit tax (% of commercial profits) .. 30.4 14.3
New businesses registered (thousands) .. 47.9
New business density (new regis. per working-age pop.) .. 17.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 2.9 -1.0 2.0
Gross fixed capital formation (% of GDP) 20.1 19.4 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 1.7 3.1 -7.7
Government debt (% of GDP) 33.5 37.9 55.7
Deposit money banks’ assets (% of GDP) 116.1 154.4 140.0
Total financial system deposits (% of GDP) 78.7 91.0 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 110.4 147.0 165.1
Real interest rate (%) 5.9 8.6
Interest rate spread (percentage points) 2.9 6.3 3.8

Infrastructure
Paved roads (% of total roads) 62.8 65.9 93.4
Electric power consumption (kWh per capita) 9,413 9,492 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 40.0 108.9 111.2
Internet users (per 100 people) 47.5 83.4 72.3

158 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Nicaragua
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.1 5.7 3,811
Labor force (millions) 1.9 2.3 1,787
Unemployment rate (% of labor force) 9.8 5.0 5.3
GNI per capita, World Bank Atlas method ($) 730 1,000 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.0 3.3 8.5
Agriculture value added (% of GDP) 20.9 19.0 13.3
Industry value added (% of GDP) 28.2 29.6 38.9
Manufacturing value added (% of GDP) 17.0 20.0 25.8
Services value added (% of GDP) 50.9 51.4 47.7
Inflation (annual % change in consumer price index) 7.1 3.7
Exchange rate (local currency units per $) 12.7 20.3
Exports of goods and services (% of GDP) 23.9 35.1 28.9
Imports of goods and services (% of GDP) 51.1 61.2 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 117
Time to start a business (days) .. 39 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 22.0 57.7
Closing a business (years to resolve insolvency) .. 2.2 3.3
Total tax rate (% of profit) .. 63.2 40.2
Profit tax (% of commercial profits) .. 24.8 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.3
Firms expected to give gifts in meetings w/tax officials (%) .. 2.6
Firms using banks to finance investments (% of firms) .. 13.0
Delay in obtaining an electrical connection (days) .. 62.7
ISO certification ownership (% of firms) .. 18.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 219 53 41,477
Private foreign direct investment, net (% of GDP) 6.8 7.1 2.0
Gross fixed capital formation (% of GDP) 26.5 27.3 34.9
Gross fixed private capital formation (% of GDP) 19.8 20.2 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -3.6 -2.3 -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 33.8 33.4 107.6
Total financial system deposits (% of GDP) 34.4 37.1 54.9
Bank capital to asset ratio (%) 6.3 .. 10.0
Bank nonperforming loans to total gross loans ratio (%) 5.2 .. 5.1
Domestic credit to the private sector (% of GDP) 31.1 34.4 92.9
Real interest rate (%) 8.8 -2.0
Interest rate spread (percentage points) 7.3 8.0 7.3

Infrastructure
Paved roads (% of total roads) 11.1 12.0 36.3
Electric power consumption (kWh per capita) 337 457 1,318
Power outages in a typical month (number) .. 12.5
Mobile cellular subscriptions (per 100 people) 1.8 55.8 57.8
Internet users (per 100 people) 1.0 3.5 17.2

The Little Data Book on Private Sector Development 2011 159


Niger
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 11.0 15.3 846
Labor force (millions) 3.6 4.8 384
Unemployment rate (% of labor force) 1.5 .. ..
GNI per capita, World Bank Atlas method ($) 170 340 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.4 4.3 5.4
Agriculture value added (% of GDP) 37.8 39.6 26.1
Industry value added (% of GDP) 17.8 17.1 24.4
Manufacturing value added (% of GDP) 6.8 6.3 12.4
Services value added (% of GDP) 44.4 43.2 49.5
Inflation (annual % change in consumer price index) 2.9 4.3
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 17.8 15.0 23.2
Imports of goods and services (% of GDP) 25.7 24.2 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 173
Time to start a business (days) .. 17 41
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 35.0 71.0
Closing a business (years to resolve insolvency) .. 5.0 3.7
Total tax rate (% of profit) .. 46.5 76.5
Profit tax (% of commercial profits) .. 20.1 24.8
New businesses registered (thousands) .. 0.0
New business density (new regis. per working-age pop.) .. 0.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 21.1
Firms expected to give gifts in meetings w/tax officials (%) .. 13.7
Firms using banks to finance investments (% of firms) .. 9.3
Delay in obtaining an electrical connection (days) .. 37.1
ISO certification ownership (% of firms) .. 4.6

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 13 87 4,779
Private foreign direct investment, net (% of GDP) 0.5 13.7 2.7
Gross fixed capital formation (% of GDP) 11.2 18.5 22.9
Gross fixed private capital formation (% of GDP) 4.6 12.2 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. -0.9 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 6.2 13.4 31.8
Total financial system deposits (% of GDP) 5.7 11.4 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 4.8 12.2 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 25.7 20.7 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 20.1
Mobile cellular subscriptions (per 100 people) 0.0 17.0 26.6
Internet users (per 100 people) 0.0 0.8 2.7

160 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Nigeria
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 124.8 154.7 3,811
Labor force (millions) 39.2 50.0 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 270 1,190 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.7 6.6 8.5
Agriculture value added (% of GDP) 48.6 32.7 13.3
Industry value added (% of GDP) 30.5 40.7 38.9
Manufacturing value added (% of GDP) 3.4 2.6 25.8
Services value added (% of GDP) 20.9 26.6 47.7
Inflation (annual % change in consumer price index) 6.9 11.5
Exchange rate (local currency units per $) 101.7 148.9
Exports of goods and services (% of GDP) 54.0 35.9 28.9
Imports of goods and services (% of GDP) 32.0 27.2 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 137
Time to start a business (days) .. 31 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 50.0 57.7
Closing a business (years to resolve insolvency) .. 2.0 3.3
Total tax rate (% of profit) .. 32.2 40.2
Profit tax (% of commercial profits) .. 21.8 16.3
New businesses registered (thousands) .. 65.1
New business density (new regis. per working-age pop.) .. 0.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.1
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 76 3,057 41,477
Private foreign direct investment, net (% of GDP) 2.5 3.3 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. -1.7 -2.3
Government debt (% of GDP) .. 3.0 ..
Deposit money banks’ assets (% of GDP) 17.7 45.2 107.6
Total financial system deposits (% of GDP) 14.9 33.7 54.9
Bank capital to asset ratio (%) 7.4 18.4 10.0
Bank nonperforming loans to total gross loans ratio (%) 22.6 6.6 5.1
Domestic credit to the private sector (% of GDP) 12.5 37.6 92.9
Real interest rate (%) -12.2 19.1
Interest rate spread (percentage points) 9.6 5.1 7.3

Infrastructure
Paved roads (% of total roads) .. 15.0 36.3
Electric power consumption (kWh per capita) 73 126 1,318
Power outages in a typical month (number) .. 26.3
Mobile cellular subscriptions (per 100 people) 0.0 47.2 57.8
Internet users (per 100 people) 0.1 28.4 17.2

The Little Data Book on Private Sector Development 2011 161


Northern Mariana Islands High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.07 0.09 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 3.8 8.3 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 4.3 26.2 111.2
Internet users (per 100 people) .. .. 72.3

162 2011 The Little Data Book on Private Sector Development


Norway High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.5 4.8 1,117
Labor force (millions) 2.4 2.6 547
Unemployment rate (% of labor force) 3.4 3.2 8.1
GNI per capita, World Bank Atlas method ($) 35,870 84,640 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.6 2.1 2.0
Agriculture value added (% of GDP) 2.1 1.2 1.5
Industry value added (% of GDP) 42.0 40.1 25.0
Manufacturing value added (% of GDP) 10.6 9.5 15.9
Services value added (% of GDP) 56.0 58.7 73.5
Inflation (annual % change in consumer price index) 3.1 2.2
Exchange rate (local currency units per $) 8.8 6.3
Exports of goods and services (% of GDP) 46.5 42.0 23.6
Imports of goods and services (% of GDP) 29.4 27.3 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 8
Time to start a business (days) .. 7 18
Procedures to start a business (number) .. 5 6
Firing cost (weeks of wages) .. 13.0 37.9
Closing a business (years to resolve insolvency) .. 0.9 2.1
Total tax rate (% of profit) .. 41.6 38.6
Profit tax (% of commercial profits) .. 24.4 14.3
New businesses registered (thousands) .. 13.8
New business density (new regis. per working-age pop.) .. 4.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 4.1 3.0 2.0
Gross fixed capital formation (% of GDP) 18.4 21.6 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 15.7 10.7 -7.7
Government debt (% of GDP) 23.5 36.3 55.7
Deposit money banks’ assets (% of GDP) 69.8 90.0 140.0
Total financial system deposits (% of GDP) 45.9 54.3 108.5
Bank capital to asset ratio (%) 7.0 6.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.2 1.5 3.4
Domestic credit to the private sector (% of GDP) 65.5 77.4 165.1
Real interest rate (%) -5.8 8.7
Interest rate spread (percentage points) 2.2 2.0 3.8

Infrastructure
Paved roads (% of total roads) 76.0 80.5 93.4
Electric power consumption (kWh per capita) 24,994 24,867 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 71.8 110.5 111.2
Internet users (per 100 people) 26.7 91.8 72.3

The Little Data Book on Private Sector Development 2011 163


Oman High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.4 2.8 1,117
Labor force (millions) 0.88 1.1 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) 6,720 17,890 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.2 4.5 2.0
Agriculture value added (% of GDP) 2.0 1.9 1.5
Industry value added (% of GDP) 57.2 55.1 25.0
Manufacturing value added (% of GDP) 5.4 8.3 15.9
Services value added (% of GDP) 40.8 43.0 73.5
Inflation (annual % change in consumer price index) -0.8 3.9
Exchange rate (local currency units per $) 0.4 0.4
Exports of goods and services (% of GDP) 59.2 59.3 23.6
Imports of goods and services (% of GDP) 31.4 38.0 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 57
Time to start a business (days) .. 12 18
Procedures to start a business (number) .. 5 6
Firing cost (weeks of wages) .. 4.0 37.9
Closing a business (years to resolve insolvency) .. 4.0 2.1
Total tax rate (% of profit) .. 21.6 38.6
Profit tax (% of commercial profits) .. 9.7 14.3
New businesses registered (thousands) .. 3.2
New business density (new regis. per working-age pop.) .. 1.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.4 4.8 2.0
Gross fixed capital formation (% of GDP) 11.9 .. 18.0
Gross fixed private capital formation (% of GDP) 4.4 .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -4.4 .. -7.7
Government debt (% of GDP) 19.1 .. 55.7
Deposit money banks’ assets (% of GDP) 42.1 45.7 140.0
Total financial system deposits (% of GDP) 28.4 41.0 108.5
Bank capital to asset ratio (%) 12.8 13.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 11.3 3.5 3.4
Domestic credit to the private sector (% of GDP) 36.8 49.0 165.1
Real interest rate (%) -8.3 -16.0
Interest rate spread (percentage points) 2.4 3.3 3.8

Infrastructure
Paved roads (% of total roads) 30.0 43.5 93.4
Electric power consumption (kWh per capita) 3,153 4,894 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 6.7 139.5 111.2
Internet users (per 100 people) 3.5 43.5 72.3

164 2011 The Little Data Book on Private Sector Development


South Asia
Pakistan
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 138.1 169.7 3,811
Labor force (millions) 41.6 58.1 1,787
Unemployment rate (% of labor force) 7.2 5.0 5.3
GNI per capita, World Bank Atlas method ($) 490 1,000 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.0 5.2 8.5
Agriculture value added (% of GDP) 25.9 21.6 13.3
Industry value added (% of GDP) 23.3 24.3 38.9
Manufacturing value added (% of GDP) 14.7 17.1 25.8
Services value added (% of GDP) 50.7 54.2 47.7
Inflation (annual % change in consumer price index) 4.4 13.6
Exchange rate (local currency units per $) 53.6 81.7
Exports of goods and services (% of GDP) 13.4 12.8 28.9
Imports of goods and services (% of GDP) 14.7 20.4 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 83
Time to start a business (days) .. 21 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 90.0 57.7
Closing a business (years to resolve insolvency) .. 2.8 3.3
Total tax rate (% of profit) .. 31.6 40.2
Profit tax (% of commercial profits) .. 14.3 16.3
New businesses registered (thousands) .. 2.8
New business density (new regis. per working-age pop.) .. 0.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) 8.7 2.2
Firms expected to give gifts in meetings w/tax officials (%) .. 58.8
Firms using banks to finance investments (% of firms) 14.6 9.7
Delay in obtaining an electrical connection (days) .. 106.3
ISO certification ownership (% of firms) 17.0 9.6

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 77 2,732 41,477
Private foreign direct investment, net (% of GDP) 0.4 1.5 2.0
Gross fixed capital formation (% of GDP) 15.9 17.4 34.9
Gross fixed private capital formation (% of GDP) 10.3 12.7 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -4.1 -4.8 -2.3
Government debt (% of GDP) 79.1 .. ..
Deposit money banks’ assets (% of GDP) 32.0 38.4 107.6
Total financial system deposits (% of GDP) 27.7 31.6 54.9
Bank capital to asset ratio (%) 4.9 10.1 10.0
Bank nonperforming loans to total gross loans ratio (%) 19.5 12.2 5.1
Domestic credit to the private sector (% of GDP) 22.3 23.5 92.9
Real interest rate (%) .. -4.6
Interest rate spread (percentage points) .. 5.9 7.3

Infrastructure
Paved roads (% of total roads) 56.0 65.4 36.3
Electric power consumption (kWh per capita) 374 436 1,318
Power outages in a typical month (number) .. 34.1
Mobile cellular subscriptions (per 100 people) 0.2 60.7 57.8
Internet users (per 100 people) 1.4 12.0 17.2

The Little Data Book on Private Sector Development 2011 165


Palau
East Asia & Pacific Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.02 0.02 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) .. .. 9.1
GNI per capita, World Bank Atlas method ($) 6,260 6,220 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.2 1.2 4.4
Agriculture value added (% of GDP) 3.9 3.5 6.2
Industry value added (% of GDP) 15.3 20.7 31.5
Manufacturing value added (% of GDP) 1.4 0.5 16.7
Services value added (% of GDP) 80.8 75.8 62.4
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 9.6 80.8 25.4
Imports of goods and services (% of GDP) 106.1 100.2 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 120
Time to start a business (days) .. 28 43
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. .. 40.1
Closing a business (years to resolve insolvency) .. 1.0 2.9
Total tax rate (% of profit) .. 73.0 43.0
Profit tax (% of commercial profits) .. 65.9 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 64,899
Private foreign direct investment, net (% of GDP) .. .. 2.4
Gross fixed capital formation (% of GDP) .. .. 20.7
Gross fixed private capital formation (% of GDP) .. .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 60.6
Total financial system deposits (% of GDP) .. .. 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) .. .. 47.8
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.5

Infrastructure
Paved roads (% of total roads) .. .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 12.3 64.5 100.6
Internet users (per 100 people) 20.0 27.3 34.6

166 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Panama
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.0 3.5 1,002
Labor force (millions) 1.3 1.6 458
Unemployment rate (% of labor force) 13.8 5.9 9.1
GNI per capita, World Bank Atlas method ($) 3,740 6,570 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.0 6.9 4.4
Agriculture value added (% of GDP) 7.2 5.8 6.2
Industry value added (% of GDP) 19.1 17.1 31.5
Manufacturing value added (% of GDP) 10.1 6.4 16.7
Services value added (% of GDP) 73.6 77.1 62.4
Inflation (annual % change in consumer price index) 1.5 2.4
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) 72.6 77.0 25.4
Imports of goods and services (% of GDP) 69.8 61.1 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 72
Time to start a business (days) .. 9 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 44.0 40.1
Closing a business (years to resolve insolvency) .. 2.5 2.9
Total tax rate (% of profit) .. 50.1 43.0
Profit tax (% of commercial profits) .. 17.0 18.0
New businesses registered (thousands) .. 0.5
New business density (new regis. per working-age pop.) .. 0.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 10.3
Firms expected to give gifts in meetings w/tax officials (%) .. 7.7
Firms using banks to finance investments (% of firms) .. 19.2
Delay in obtaining an electrical connection (days) .. 10.2
ISO certification ownership (% of firms) .. 14.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 111 137 64,899
Private foreign direct investment, net (% of GDP) 5.4 7.2 2.4
Gross fixed capital formation (% of GDP) 21.2 23.8 20.7
Gross fixed private capital formation (% of GDP) 17.9 14.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -0.8 .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 96.8 87.5 60.6
Total financial system deposits (% of GDP) 76.7 86.2 47.4
Bank capital to asset ratio (%) 9.6 11.7 9.7
Bank nonperforming loans to total gross loans ratio (%) 1.4 1.4 4.2
Domestic credit to the private sector (% of GDP) 101.9 85.7 47.8
Real interest rate (%) 11.9 4.0
Interest rate spread (percentage points) 3.4 4.8 5.5

Infrastructure
Paved roads (% of total roads) 34.6 38.1 36.8
Electric power consumption (kWh per capita) 1,301 1,646 3,001
Power outages in a typical month (number) .. 4.2
Mobile cellular subscriptions (per 100 people) 13.9 164.4 100.6
Internet users (per 100 people) 6.6 27.8 34.6

The Little Data Book on Private Sector Development 2011 167


Papua New Guinea
East Asia & Pacific Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.4 6.7 3,811
Labor force (millions) 2.3 3.0 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 620 1,180 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -0.8 3.4 8.5
Agriculture value added (% of GDP) 35.8 35.9 13.3
Industry value added (% of GDP) 41.4 44.5 38.9
Manufacturing value added (% of GDP) 7.5 5.9 25.8
Services value added (% of GDP) 22.8 19.6 47.7
Inflation (annual % change in consumer price index) 15.6 6.9
Exchange rate (local currency units per $) 2.8 2.8
Exports of goods and services (% of GDP) 66.2 57.9 28.9
Imports of goods and services (% of GDP) 49.2 57.1 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 103
Time to start a business (days) .. 51 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 39.0 57.7
Closing a business (years to resolve insolvency) .. 3.0 3.3
Total tax rate (% of profit) .. 42.3 40.2
Profit tax (% of commercial profits) .. 22.0 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 71 150 41,477
Private foreign direct investment, net (% of GDP) 2.7 5.4 2.0
Gross fixed capital formation (% of GDP) 20.4 18.5 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -1.9 .. -2.3
Government debt (% of GDP) 57.7 .. ..
Deposit money banks’ assets (% of GDP) 29.3 22.2 107.6
Total financial system deposits (% of GDP) 29.0 25.3 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 17.2 32.1 92.9
Real interest rate (%) 3.9 14.2
Interest rate spread (percentage points) 9.1 7.8 7.3

Infrastructure
Paved roads (% of total roads) 3.5 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.2 13.4 57.8
Internet users (per 100 people) 0.8 1.9 17.2

168 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Paraguay
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.4 6.3 3,811
Labor force (millions) 2.3 3.0 1,787
Unemployment rate (% of labor force) 7.6 5.6 5.3
GNI per capita, World Bank Atlas method ($) 1,350 2,250 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.1 3.4 8.5
Agriculture value added (% of GDP) 17.0 19.3 13.3
Industry value added (% of GDP) 22.5 21.2 38.9
Manufacturing value added (% of GDP) 15.5 13.0 25.8
Services value added (% of GDP) 60.5 59.5 47.7
Inflation (annual % change in consumer price index) 9.0 2.6
Exchange rate (local currency units per $) 3,486.4 4,965.4
Exports of goods and services (% of GDP) 38.2 46.5 28.9
Imports of goods and services (% of GDP) 49.0 51.6 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 106
Time to start a business (days) .. 35 35
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 99.0 57.7
Closing a business (years to resolve insolvency) .. 3.9 3.3
Total tax rate (% of profit) .. 35.0 40.2
Profit tax (% of commercial profits) .. 9.6 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.9
Firms expected to give gifts in meetings w/tax officials (%) .. 24.5
Firms using banks to finance investments (% of firms) .. 8.2
Delay in obtaining an electrical connection (days) .. 27.2
ISO certification ownership (% of firms) .. 7.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 30 93 41,477
Private foreign direct investment, net (% of GDP) 1.5 1.4 2.0
Gross fixed capital formation (% of GDP) 17.5 15.2 34.9
Gross fixed private capital formation (% of GDP) .. 15.1 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -3.9 0.1 -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 28.6 27.3 107.6
Total financial system deposits (% of GDP) 22.2 25.3 54.9
Bank capital to asset ratio (%) 12.4 8.7 10.0
Bank nonperforming loans to total gross loans ratio (%) 12.3 1.6 5.1
Domestic credit to the private sector (% of GDP) 29.8 29.1 92.9
Real interest rate (%) 13.1 28.4
Interest rate spread (percentage points) 11.1 26.8 7.3

Infrastructure
Paved roads (% of total roads) 50.8 .. 36.3
Electric power consumption (kWh per capita) 880 1,002 1,318
Power outages in a typical month (number) .. 2.3
Mobile cellular subscriptions (per 100 people) 15.3 88.5 57.8
Internet users (per 100 people) 0.7 15.8 17.2

The Little Data Book on Private Sector Development 2011 169


Peru
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 26.0 29.2 1,002
Labor force (millions) 11.2 13.6 458
Unemployment rate (% of labor force) 7.4 6.8 9.1
GNI per capita, World Bank Atlas method ($) 2,050 4,200 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.4 6.0 4.4
Agriculture value added (% of GDP) 8.5 7.3 6.2
Industry value added (% of GDP) 29.9 34.1 31.5
Manufacturing value added (% of GDP) 15.8 14.0 16.7
Services value added (% of GDP) 61.6 58.6 62.4
Inflation (annual % change in consumer price index) 3.8 2.9
Exchange rate (local currency units per $) 3.5 3.0
Exports of goods and services (% of GDP) 16.0 23.6 25.4
Imports of goods and services (% of GDP) 18.2 19.7 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 36
Time to start a business (days) .. 27 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 17.0 40.1
Closing a business (years to resolve insolvency) .. 3.1 2.9
Total tax rate (% of profit) .. 40.2 43.0
Profit tax (% of commercial profits) .. 26.0 18.0
New businesses registered (thousands) .. 51.2
New business density (new regis. per working-age pop.) .. 2.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 13.5
Firms expected to give gifts in meetings w/tax officials (%) .. 1.6
Firms using banks to finance investments (% of firms) 26.3 30.9
Delay in obtaining an electrical connection (days) .. 81.6
ISO certification ownership (% of firms) 2.6 14.6

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 952 1,753 64,899
Private foreign direct investment, net (% of GDP) 1.5 3.7 2.4
Gross fixed capital formation (% of GDP) 20.2 24.0 20.7
Gross fixed private capital formation (% of GDP) 16.3 18.2 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -2.1 -1.5 -0.6
Government debt (% of GDP) .. 23.6 ..
Deposit money banks’ assets (% of GDP) 28.5 26.5 60.6
Total financial system deposits (% of GDP) 25.8 29.0 47.4
Bank capital to asset ratio (%) 9.1 9.9 9.7
Bank nonperforming loans to total gross loans ratio (%) 9.0 2.7 4.2
Domestic credit to the private sector (% of GDP) 26.0 24.1 47.8
Real interest rate (%) 25.4 17.5
Interest rate spread (percentage points) 20.2 18.2 5.5

Infrastructure
Paved roads (% of total roads) 13.4 13.9 36.8
Electric power consumption (kWh per capita) 678 1,032 3,001
Power outages in a typical month (number) .. 0.9
Mobile cellular subscriptions (per 100 people) 4.9 84.7 100.6
Internet users (per 100 people) 3.1 27.7 34.6

170 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Philippines
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 77.7 92.0 3,811
Labor force (millions) 31.5 38.8 1,787
Unemployment rate (% of labor force) 11.2 7.5 5.3
GNI per capita, World Bank Atlas method ($) 970 1,790 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 4.9 8.5
Agriculture value added (% of GDP) 15.8 14.8 13.3
Industry value added (% of GDP) 32.3 30.2 38.9
Manufacturing value added (% of GDP) 22.2 20.4 25.8
Services value added (% of GDP) 52.0 55.0 47.7
Inflation (annual % change in consumer price index) 4.0 3.2
Exchange rate (local currency units per $) 44.2 47.7
Exports of goods and services (% of GDP) 55.4 31.7 28.9
Imports of goods and services (% of GDP) 53.5 30.8 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 148
Time to start a business (days) .. 38 35
Procedures to start a business (number) .. 15 8
Firing cost (weeks of wages) .. 91.0 57.7
Closing a business (years to resolve insolvency) .. 5.7 3.3
Total tax rate (% of profit) .. 45.8 40.2
Profit tax (% of commercial profits) .. 21.3 16.3
New businesses registered (thousands) .. 11.4
New business density (new regis. per working-age pop.) .. 0.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 9.1
Firms expected to give gifts in meetings w/tax officials (%) .. 21.8
Firms using banks to finance investments (% of firms) .. 22.0
Delay in obtaining an electrical connection (days) .. 23.1
ISO certification ownership (% of firms) .. 15.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 2,153 5,559 41,477
Private foreign direct investment, net (% of GDP) 3.0 1.2 2.0
Gross fixed capital formation (% of GDP) 21.2 14.7 34.9
Gross fixed private capital formation (% of GDP) 14.6 10.7 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -3.9 -3.9 -2.3
Government debt (% of GDP) 52.9 77.7 ..
Deposit money banks’ assets (% of GDP) 54.4 48.0 107.6
Total financial system deposits (% of GDP) 58.0 57.0 54.9
Bank capital to asset ratio (%) 13.6 11.1 10.0
Bank nonperforming loans to total gross loans ratio (%) 24.0 4.1 5.1
Domestic credit to the private sector (% of GDP) 39.2 30.3 92.9
Real interest rate (%) 4.3 5.9
Interest rate spread (percentage points) 2.6 5.8 7.3

Infrastructure
Paved roads (% of total roads) 20.0 9.9 36.3
Electric power consumption (kWh per capita) 501 588 1,318
Power outages in a typical month (number) .. 1.0
Mobile cellular subscriptions (per 100 people) 8.3 81.0 57.8
Internet users (per 100 people) 2.0 6.5 17.2

The Little Data Book on Private Sector Development 2011 171


Poland High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 38.5 38.1 1,117
Labor force (millions) 17.4 17.4 547
Unemployment rate (% of labor force) 16.1 8.2 8.1
GNI per capita, World Bank Atlas method ($) 4,590 12,260 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.4 4.4 2.0
Agriculture value added (% of GDP) 5.0 3.6 1.5
Industry value added (% of GDP) 31.7 30.5 25.0
Manufacturing value added (% of GDP) 18.5 16.2 15.9
Services value added (% of GDP) 63.3 65.9 73.5
Inflation (annual % change in consumer price index) 10.1 3.8
Exchange rate (local currency units per $) 4.3 3.1
Exports of goods and services (% of GDP) 27.1 38.9 23.6
Imports of goods and services (% of GDP) 33.5 38.8 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 70
Time to start a business (days) .. 32 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 13.0 37.9
Closing a business (years to resolve insolvency) .. 3.0 2.1
Total tax rate (% of profit) .. 42.3 38.6
Profit tax (% of commercial profits) .. 17.7 14.3
New businesses registered (thousands) .. 14.4
New business density (new regis. per working-age pop.) .. 0.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) 7.8 12.8
Firms expected to give gifts in meetings w/tax officials (%) 29.4 4.8
Firms using banks to finance investments (% of firms) 29.2 40.7
Delay in obtaining an electrical connection (days) 8.2 83.0
ISO certification ownership (% of firms) 11.4 17.3

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 7,807 4,638 ..
Private foreign direct investment, net (% of GDP) 5.5 3.2 2.0
Gross fixed capital formation (% of GDP) 23.7 21.0 18.0
Gross fixed private capital formation (% of GDP) 21.3 21.0 ..

Finance and banking


Government cash surplus or deficit (% of GDP) -2.8 -6.1 -7.7
Government debt (% of GDP) 33.0 48.1 55.7
Deposit money banks’ assets (% of GDP) 34.6 63.1 140.0
Total financial system deposits (% of GDP) 36.0 46.6 108.5
Bank capital to asset ratio (%) 7.1 9.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 15.5 7.6 3.4
Domestic credit to the private sector (% of GDP) 26.6 52.9 165.1
Real interest rate (%) 12.0 3.9
Interest rate spread (percentage points) 5.8 3.3 3.8

Infrastructure
Paved roads (% of total roads) 68.3 68.2 93.4
Electric power consumption (kWh per capita) 3,240 3,732 9,518
Power outages in a typical month (number) .. 2.3
Mobile cellular subscriptions (per 100 people) 17.5 116.8 111.2
Internet users (per 100 people) 7.3 58.8 72.3

172 2011 The Little Data Book on Private Sector Development


Portugal High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.2 10.6 1,117
Labor force (millions) 5.2 5.6 547
Unemployment rate (% of labor force) 3.9 9.5 8.1
GNI per capita, World Bank Atlas method ($) 12,070 21,910 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.3 0.8 2.0
Agriculture value added (% of GDP) 3.7 2.3 1.5
Industry value added (% of GDP) 28.0 22.8 25.0
Manufacturing value added (% of GDP) 17.5 13.0 15.9
Services value added (% of GDP) 68.3 74.8 73.5
Inflation (annual % change in consumer price index) 2.8 -0.8
Exchange rate (local currency units per $) 180.1 ..
Exports of goods and services (% of GDP) 29.0 28.0 23.6
Imports of goods and services (% of GDP) 40.0 35.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 31
Time to start a business (days) .. 6 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 97.0 37.9
Closing a business (years to resolve insolvency) .. 2.0 2.1
Total tax rate (% of profit) .. 43.3 38.6
Profit tax (% of commercial profits) .. 14.9 14.3
New businesses registered (thousands) .. 27.8
New business density (new regis. per working-age pop.) .. 3.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 1.1
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 5.7 1.2 2.0
Gross fixed capital formation (% of GDP) 27.7 19.5 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -2.6 -8.7 -7.7
Government debt (% of GDP) 58.2 84.4 55.7
Deposit money banks’ assets (% of GDP) 128.0 194.9 140.0
Total financial system deposits (% of GDP) 89.5 117.4 108.5
Bank capital to asset ratio (%) 5.8 6.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.2 3.2 3.4
Domestic credit to the private sector (% of GDP) 126.6 187.8 165.1
Real interest rate (%) 1.8 ..
Interest rate spread (percentage points) 2.8 .. 3.8

Infrastructure
Paved roads (% of total roads) 86.0 86.0 93.4
Electric power consumption (kWh per capita) 4,014 4,822 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 65.2 142.8 111.2
Internet users (per 100 people) 16.4 48.6 72.3

The Little Data Book on Private Sector Development 2011 173


Puerto Rico High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.8 4.0 1,117
Labor force (millions) 1.4 1.5 547
Unemployment rate (% of labor force) 10.1 13.4 8.1
GNI per capita, World Bank Atlas method ($) 10,560 .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 .. 2.0
Agriculture value added (% of GDP) 0.9 .. 1.5
Industry value added (% of GDP) 41.3 .. 25.0
Manufacturing value added (% of GDP) 38.3 .. 15.9
Services value added (% of GDP) 57.8 .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 75.2 .. 23.6
Imports of goods and services (% of GDP) 98.0 .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 47
Time to start a business (days) .. 7 18
Procedures to start a business (number) .. 7 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. 3.8 2.1
Total tax rate (% of profit) .. 67.7 38.6
Profit tax (% of commercial profits) .. 26.3 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) 94.0 95.0 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 34.6 68.5 111.2
Internet users (per 100 people) 10.5 25.2 72.3

174 2011 The Little Data Book on Private Sector Development


Qatar
High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.62 1.4 1,117
Labor force (millions) 0.35 1.00 547
Unemployment rate (% of labor force) 3.9 0.5 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. 14.2 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) 1.7 -4.9
Exchange rate (local currency units per $) 3.6 3.6
Exports of goods and services (% of GDP) 67.3 46.7 23.6
Imports of goods and services (% of GDP) 22.3 31.2 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 50
Time to start a business (days) .. 12 18
Procedures to start a business (number) .. 8 6
Firing cost (weeks of wages) .. 69.0 37.9
Closing a business (years to resolve insolvency) .. 2.8 2.1
Total tax rate (% of profit) .. 11.3 38.6
Profit tax (% of commercial profits) .. 0.0 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) 19.5 39.3 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. 15.2 -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 54.4 75.8 140.0
Total financial system deposits (% of GDP) 41.9 58.5 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 26.8 51.5 165.1
Real interest rate (%) .. 31.0
Interest rate spread (percentage points) .. 2.8 3.8

Infrastructure
Paved roads (% of total roads) 90.0 .. 93.4
Electric power consumption (kWh per capita) 13,782 15,682 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 19.6 175.4 111.2
Internet users (per 100 people) 4.9 28.3 72.3

The Little Data Book on Private Sector Development 2011 175


Romania
Europe & Central Asia Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 22.4 21.5 1,002
Labor force (millions) 11.8 9.5 458
Unemployment rate (% of labor force) 7.0 6.9 9.1
GNI per capita, World Bank Atlas method ($) 1,690 8,330 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) -2.1 5.6 4.4
Agriculture value added (% of GDP) 12.5 7.2 6.2
Industry value added (% of GDP) 36.4 26.0 31.5
Manufacturing value added (% of GDP) 14.5 21.5 16.7
Services value added (% of GDP) 51.1 66.9 62.4
Inflation (annual % change in consumer price index) 45.7 5.6
Exchange rate (local currency units per $) 2.2 3.0
Exports of goods and services (% of GDP) 32.7 33.3 25.4
Imports of goods and services (% of GDP) 37.9 40.2 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 56
Time to start a business (days) .. 10 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 8.0 40.1
Closing a business (years to resolve insolvency) .. 3.3 2.9
Total tax rate (% of profit) .. 44.9 43.0
Profit tax (% of commercial profits) .. 10.4 18.0
New businesses registered (thousands) .. 56.7
New business density (new regis. per working-age pop.) .. 3.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) 8.6 9.2
Firms expected to give gifts in meetings w/tax officials (%) 35.2 12.1
Firms using banks to finance investments (% of firms) 19.8 37.3
Delay in obtaining an electrical connection (days) 20.1 42.0
ISO certification ownership (% of firms) 21.7 26.1

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 901 3,037 64,899
Private foreign direct investment, net (% of GDP) 2.8 3.9 2.4
Gross fixed capital formation (% of GDP) 18.9 30.3 20.7
Gross fixed private capital formation (% of GDP) .. 28.0 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -2.0 -4.6 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 12.4 48.5 60.6
Total financial system deposits (% of GDP) 19.7 32.9 47.4
Bank capital to asset ratio (%) 8.6 7.6 9.7
Bank nonperforming loans to total gross loans ratio (%) 3.3 15.3 4.2
Domestic credit to the private sector (% of GDP) 7.2 47.1 47.8
Real interest rate (%) 6.7 10.1
Interest rate spread (percentage points) 20.7 5.3 5.5

Infrastructure
Paved roads (% of total roads) 49.5 30.2 36.8
Electric power consumption (kWh per capita) 1,988 2,488 3,001
Power outages in a typical month (number) .. 3.0
Mobile cellular subscriptions (per 100 people) 11.1 118.1 100.6
Internet users (per 100 people) 3.6 36.2 34.6

176 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Russian Federation Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 146.3 141.9 1,002
Labor force (millions) 72.3 75.9 458
Unemployment rate (% of labor force) 10.6 8.2 9.1
GNI per capita, World Bank Atlas method ($) 1,710 9,340 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.2 6.0 4.4
Agriculture value added (% of GDP) 6.4 4.7 6.2
Industry value added (% of GDP) 37.9 32.8 31.5
Manufacturing value added (% of GDP) 17.1 15.0 16.7
Services value added (% of GDP) 55.6 62.5 62.4
Inflation (annual % change in consumer price index) 20.8 11.7
Exchange rate (local currency units per $) 28.1 31.7
Exports of goods and services (% of GDP) 44.1 27.7 25.4
Imports of goods and services (% of GDP) 24.0 20.4 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 123
Time to start a business (days) .. 30 43
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 17.0 40.1
Closing a business (years to resolve insolvency) .. 3.8 2.9
Total tax rate (% of profit) .. 46.5 43.0
Profit tax (% of commercial profits) .. 9.0 18.0
New businesses registered (thousands) .. 261.6
New business density (new regis. per working-age pop.) .. 2.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) 8.2 19.9
Firms expected to give gifts in meetings w/tax officials (%) 54.2 17.4
Firms using banks to finance investments (% of firms) 11.1 30.6
Delay in obtaining an electrical connection (days) 10.2 57.5
ISO certification ownership (% of firms) 20.3 11.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 1,939 5,827 64,899
Private foreign direct investment, net (% of GDP) 1.0 3.0 2.4
Gross fixed capital formation (% of GDP) 16.9 21.4 20.7
Gross fixed private capital formation (% of GDP) 15.1 18.2 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) 7.0 5.3 -0.6
Government debt (% of GDP) 49.0 8.6 ..
Deposit money banks’ assets (% of GDP) 21.3 47.5 60.6
Total financial system deposits (% of GDP) 15.6 37.8 47.4
Bank capital to asset ratio (%) 12.1 15.7 9.7
Bank nonperforming loans to total gross loans ratio (%) 7.7 9.7 4.2
Domestic credit to the private sector (% of GDP) 13.4 45.3 47.8
Real interest rate (%) -9.6 12.5
Interest rate spread (percentage points) 17.9 6.7 5.5

Infrastructure
Paved roads (% of total roads) 67.4 80.1 36.8
Electric power consumption (kWh per capita) 5,209 6,435 3,001
Power outages in a typical month (number) .. 1.5
Mobile cellular subscriptions (per 100 people) 2.2 162.5 100.6
Internet users (per 100 people) 2.0 42.1 34.6

The Little Data Book on Private Sector Development 2011 177


Rwanda
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.0 10.0 846
Labor force (millions) 3.7 5.0 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 250 490 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 10.1 7.6 5.4
Agriculture value added (% of GDP) 37.2 34.2 26.1
Industry value added (% of GDP) 13.6 14.5 24.4
Manufacturing value added (% of GDP) 7.0 6.4 12.4
Services value added (% of GDP) 49.2 51.3 49.5
Inflation (annual % change in consumer price index) 3.9 10.4
Exchange rate (local currency units per $) 389.7 568.3
Exports of goods and services (% of GDP) 8.7 11.7 23.2
Imports of goods and services (% of GDP) 25.7 29.2 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 58
Time to start a business (days) .. 3 41
Procedures to start a business (number) .. 2 8
Firing cost (weeks of wages) .. 26.0 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. 31.3 76.5
Profit tax (% of commercial profits) .. 21.2 24.8
New businesses registered (thousands) .. 3.0
New business density (new regis. per working-age pop.) .. 0.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.9
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 8 183 4,779
Private foreign direct investment, net (% of GDP) 0.5 2.3 2.7
Gross fixed capital formation (% of GDP) 18.3 21.8 22.9
Gross fixed private capital formation (% of GDP) 12.1 10.6 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 11.3 12.6 31.8
Total financial system deposits (% of GDP) 13.0 14.2 30.6
Bank capital to asset ratio (%) 8.1 13.0 ..
Bank nonperforming loans to total gross loans ratio (%) 57.0 13.1 ..
Domestic credit to the private sector (% of GDP) 10.4 11.2 26.3
Real interest rate (%) 20.6 3.3
Interest rate spread (percentage points) 6.9 9.8 11.5

Infrastructure
Paved roads (% of total roads) .. 19.0 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 13.6
Mobile cellular subscriptions (per 100 people) 0.5 24.3 26.6
Internet users (per 100 people) 0.1 4.5 2.7

178 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Samoa
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.18 0.18 3,811
Labor force (millions) 0.06 0.06 1,787
Unemployment rate (% of labor force) 5.0 .. 5.3
GNI per capita, World Bank Atlas method ($) 1,420 2,840 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.3 3.5 8.5
Agriculture value added (% of GDP) 16.8 11.9 13.3
Industry value added (% of GDP) 26.0 26.7 38.9
Manufacturing value added (% of GDP) 14.8 9.4 25.8
Services value added (% of GDP) 57.2 61.4 47.7
Inflation (annual % change in consumer price index) 1.0 6.3
Exchange rate (local currency units per $) 3.3 2.7
Exports of goods and services (% of GDP) 33.8 33.5 28.9
Imports of goods and services (% of GDP) 57.2 58.5 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 61
Time to start a business (days) .. 9 35
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 9.0 57.7
Closing a business (years to resolve insolvency) .. 2.5 3.3
Total tax rate (% of profit) .. 18.9 40.2
Profit tax (% of commercial profits) .. 11.9 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 12.1
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 10 .. 41,477
Private foreign direct investment, net (% of GDP) -0.6 0.6 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 33.1 34.9 107.6
Total financial system deposits (% of GDP) 34.4 37.6 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 30.6 44.8 92.9
Real interest rate (%) 8.9 10.3
Interest rate spread (percentage points) 6.9 7.3 7.3

Infrastructure
Paved roads (% of total roads) 14.2 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 5.2
Mobile cellular subscriptions (per 100 people) 1.4 84.4 57.8
Internet users (per 100 people) 0.6 5.0 17.2

The Little Data Book on Private Sector Development 2011 179


San Marino High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) .. 0.03 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 3.0 2.6 8.1
GNI per capita, World Bank Atlas method ($) .. 50,670 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.5 3.2 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. 2.2
Exchange rate (local currency units per $) 1.1 0.7
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 1.3 6.2 -7.7
Government debt (% of GDP) 16.5 62.0 55.7
Deposit money banks’ assets (% of GDP) 133.1 .. 140.0
Total financial system deposits (% of GDP) 139.2 .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) 6.4 4.5
Interest rate spread (percentage points) 6.6 5.0 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. 76.3 111.2
Internet users (per 100 people) .. 54.1 72.3

180 2011 The Little Data Book on Private Sector Development


São Tomé and Príncipe
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.14 0.16 3,811
Labor force (millions) 0.05 0.06 1,787
Unemployment rate (% of labor force) 14.4 16.7 5.3
GNI per capita, World Bank Atlas method ($) .. 1,130 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) .. 6.3 8.5
Agriculture value added (% of GDP) 19.7 16.8 13.3
Industry value added (% of GDP) 16.9 20.5 38.9
Manufacturing value added (% of GDP) 5.7 6.4 25.8
Services value added (% of GDP) 63.5 62.7 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 7,978.2 16,208.5
Exports of goods and services (% of GDP) .. .. 28.9
Imports of goods and services (% of GDP) .. .. 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 178
Time to start a business (days) .. 144 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 91.0 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 33.3 40.2
Profit tax (% of commercial profits) .. 21.9 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 2 50 41,477
Private foreign direct investment, net (% of GDP) 3.9 3.9 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 4.3 34.6 92.9
Real interest rate (%) 25.7 14.6
Interest rate spread (percentage points) 18.7 19.7 7.3

Infrastructure
Paved roads (% of total roads) 68.1 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.0 39.3 57.8
Internet users (per 100 people) 4.6 16.4 17.2

The Little Data Book on Private Sector Development 2011 181


Saudi Arabia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 20.6 25.4 1,117
Labor force (millions) 6.3 8.6 547
Unemployment rate (% of labor force) 4.6 5.4 8.1
GNI per capita, World Bank Atlas method ($) 8,150 17,210 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.3 3.8 2.0
Agriculture value added (% of GDP) 4.9 2.9 1.5
Industry value added (% of GDP) 53.9 50.6 25.0
Manufacturing value added (% of GDP) 9.7 10.4 15.9
Services value added (% of GDP) 41.1 46.4 73.5
Inflation (annual % change in consumer price index) -1.1 5.1
Exchange rate (local currency units per $) 3.8 3.8
Exports of goods and services (% of GDP) 43.7 53.7 23.6
Imports of goods and services (% of GDP) 24.9 42.7 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 11
Time to start a business (days) .. 5 18
Procedures to start a business (number) .. 4 6
Firing cost (weeks of wages) .. 80.0 37.9
Closing a business (years to resolve insolvency) .. 1.5 2.1
Total tax rate (% of profit) .. 14.5 38.6
Profit tax (% of commercial profits) .. 2.1 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) -1.0 2.8 2.0
Gross fixed capital formation (% of GDP) 17.5 24.7 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 42.0 65.6 140.0
Total financial system deposits (% of GDP) 16.2 31.0 108.5
Bank capital to asset ratio (%) 9.6 11.9 6.8
Bank nonperforming loans to total gross loans ratio (%) 10.4 3.3 3.4
Domestic credit to the private sector (% of GDP) 24.4 52.1 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) 29.9 21.5 93.4
Electric power consumption (kWh per capita) 5,670 7,527 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 6.7 176.7 111.2
Internet users (per 100 people) 2.2 38.6 72.3

182 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Senegal
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 9.9 12.5 3,811
Labor force (millions) 4.1 5.4 1,787
Unemployment rate (% of labor force) .. 10.0 5.3
GNI per capita, World Bank Atlas method ($) 510 1,040 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 4.3 8.5
Agriculture value added (% of GDP) 19.1 16.6 13.3
Industry value added (% of GDP) 23.2 21.7 38.9
Manufacturing value added (% of GDP) 14.7 12.7 25.8
Services value added (% of GDP) 57.6 61.7 47.7
Inflation (annual % change in consumer price index) 0.7 -1.1
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 27.9 24.0 28.9
Imports of goods and services (% of GDP) 37.2 44.0 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 152
Time to start a business (days) .. 8 35
Procedures to start a business (number) .. 4 8
Firing cost (weeks of wages) .. 38.0 57.7
Closing a business (years to resolve insolvency) .. 3.0 3.3
Total tax rate (% of profit) .. 46.0 40.2
Profit tax (% of commercial profits) .. 14.8 16.3
New businesses registered (thousands) .. 1.6
New business density (new regis. per working-age pop.) .. 0.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.9
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 79 520 41,477
Private foreign direct investment, net (% of GDP) 1.3 1.6 2.0
Gross fixed capital formation (% of GDP) 22.4 27.9 34.9
Gross fixed private capital formation (% of GDP) 17.9 17.8 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -0.9 .. -2.3
Government debt (% of GDP) 73.7 .. ..
Deposit money banks’ assets (% of GDP) 21.4 29.1 107.6
Total financial system deposits (% of GDP) 18.4 28.6 54.9
Bank capital to asset ratio (%) 9.9 9.3 10.0
Bank nonperforming loans to total gross loans ratio (%) 18.1 18.7 5.1
Domestic credit to the private sector (% of GDP) 18.7 24.7 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 29.3 29.3 36.3
Electric power consumption (kWh per capita) 101 158 1,318
Power outages in a typical month (number) .. 11.8
Mobile cellular subscriptions (per 100 people) 2.5 55.1 57.8
Internet users (per 100 people) 0.4 7.4 17.2

The Little Data Book on Private Sector Development 2011 183


Serbia
Europe & Central Asia Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 7.5 7.3 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) .. 16.6 9.1
GNI per capita, World Bank Atlas method ($) 1,400 6,000 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.5 5.0 4.4
Agriculture value added (% of GDP) 21.4 12.9 6.2
Industry value added (% of GDP) 32.6 27.7 31.5
Manufacturing value added (% of GDP) .. .. 16.7
Services value added (% of GDP) 46.0 59.4 62.4
Inflation (annual % change in consumer price index) 71.1 7.8
Exchange rate (local currency units per $) 63.2 67.6
Exports of goods and services (% of GDP) 23.9 27.5 25.4
Imports of goods and services (% of GDP) 40.5 43.9 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 89
Time to start a business (days) .. 13 43
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 25.0 40.1
Closing a business (years to resolve insolvency) .. 2.7 2.9
Total tax rate (% of profit) .. 34.0 43.0
Profit tax (% of commercial profits) .. 11.6 18.0
New businesses registered (thousands) .. 9.7
New business density (new regis. per working-age pop.) .. 1.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) 10.3 12.2
Firms expected to give gifts in meetings w/tax officials (%) 44.8 3.6
Firms using banks to finance investments (% of firms) 10.6 42.8
Delay in obtaining an electrical connection (days) 8.7 109.5
ISO certification ownership (% of firms) 9.6 21.8

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 345 190 64,899
Private foreign direct investment, net (% of GDP) 0.9 4.5 2.4
Gross fixed capital formation (% of GDP) 12.7 23.8 20.7
Gross fixed private capital formation (% of GDP) 9.9 20.7 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -2.6 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 62.4 51.4 60.6
Total financial system deposits (% of GDP) 14.1 40.4 47.4
Bank capital to asset ratio (%) 18.3 21.0 9.7
Bank nonperforming loans to total gross loans ratio (%) 21.6 15.5 4.2
Domestic credit to the private sector (% of GDP) 49.1 42.2 47.8
Real interest rate (%) -40.1 1.6
Interest rate spread (percentage points) -72.4 0.0 5.5

Infrastructure
Paved roads (% of total roads) 62.7 47.7 36.8
Electric power consumption (kWh per capita) 4,199 4,284 3,001
Power outages in a typical month (number) .. 1.1
Mobile cellular subscriptions (per 100 people) .. 135.4 100.6
Internet users (per 100 people) .. 56.1 34.6

184 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Seychelles
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.08 0.09 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) 9.8 5.5 9.1
GNI per capita, World Bank Atlas method ($) 7,420 8,480 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.6 1.7 4.4
Agriculture value added (% of GDP) 3.0 2.0 6.2
Industry value added (% of GDP) 29.0 19.7 31.5
Manufacturing value added (% of GDP) 19.2 11.8 16.7
Services value added (% of GDP) 68.0 78.3 62.4
Inflation (annual % change in consumer price index) 6.3 31.8
Exchange rate (local currency units per $) 5.7 13.6
Exports of goods and services (% of GDP) 78.2 119.3 25.4
Imports of goods and services (% of GDP) 81.4 127.6 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 95
Time to start a business (days) .. 39 43
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 39.0 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. 44.1 43.0
Profit tax (% of commercial profits) .. 20.8 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 7 15 64,899
Private foreign direct investment, net (% of GDP) 4.0 32.5 2.4
Gross fixed capital formation (% of GDP) 25.2 24.2 20.7
Gross fixed private capital formation (% of GDP) 13.8 20.9 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -13.9 4.3 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 96.5 103.1 60.6
Total financial system deposits (% of GDP) 83.8 105.9 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 22.3 25.1 47.8
Real interest rate (%) 9.4 -10.3
Interest rate spread (percentage points) 6.0 5.6 5.5

Infrastructure
Paved roads (% of total roads) 84.5 96.5 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 32.0 104.9 100.6
Internet users (per 100 people) 7.4 38.6 34.6

The Little Data Book on Private Sector Development 2011 185


Sierra Leone
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.2 5.7 846
Labor force (millions) 1.7 2.1 384
Unemployment rate (% of labor force) .. 3.4 ..
GNI per capita, World Bank Atlas method ($) 150 340 509
GDP growth, 1995–2000 and 2000–09 (average annual %) -5.0 9.5 5.4
Agriculture value added (% of GDP) 58.4 51.4 26.1
Industry value added (% of GDP) 28.4 22.1 24.4
Manufacturing value added (% of GDP) 3.5 3.7 12.4
Services value added (% of GDP) 13.3 26.6 49.5
Inflation (annual % change in consumer price index) .. 9.3
Exchange rate (local currency units per $) 2,092.1 3,385.7
Exports of goods and services (% of GDP) 18.1 15.7 23.2
Imports of goods and services (% of GDP) 39.3 28.5 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 143
Time to start a business (days) .. 12 41
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 189.0 71.0
Closing a business (years to resolve insolvency) .. 2.6 3.7
Total tax rate (% of profit) .. 235.6 76.5
Profit tax (% of commercial profits) .. 0.0 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.4
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 3 23 4,779
Private foreign direct investment, net (% of GDP) 6.1 3.8 2.7
Gross fixed capital formation (% of GDP) 6.9 15.1 22.9
Gross fixed private capital formation (% of GDP) 1.7 7.4 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -9.3 -3.1 -1.4
Government debt (% of GDP) 247.4 .. ..
Deposit money banks’ assets (% of GDP) 7.5 12.5 31.8
Total financial system deposits (% of GDP) 9.1 14.6 30.6
Bank capital to asset ratio (%) 18.5 18.9 ..
Bank nonperforming loans to total gross loans ratio (%) 37.9 16.5 ..
Domestic credit to the private sector (% of GDP) 2.1 9.3 26.3
Real interest rate (%) 19.0 12.0
Interest rate spread (percentage points) 17.0 14.8 11.5

Infrastructure
Paved roads (% of total roads) 7.9 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 15.9
Mobile cellular subscriptions (per 100 people) 0.3 20.4 26.6
Internet users (per 100 people) 0.1 0.3 2.7

186 2011 The Little Data Book on Private Sector Development


Singapore High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.0 5.0 1,117
Labor force (millions) 2.1 2.7 547
Unemployment rate (% of labor force) 6.0 5.9 8.1
GNI per capita, World Bank Atlas method ($) 23,350 37,220 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.7 6.5 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) 35.6 26.3 25.0
Manufacturing value added (% of GDP) 27.7 19.4 15.9
Services value added (% of GDP) 64.3 74.0 73.5
Inflation (annual % change in consumer price index) 1.4 0.6
Exchange rate (local currency units per $) 1.7 1.5
Exports of goods and services (% of GDP) 191.4 220.5 23.6
Imports of goods and services (% of GDP) 176.4 202.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 1
Time to start a business (days) .. 3 18
Procedures to start a business (number) .. 3 6
Firing cost (weeks of wages) .. 4.0 37.9
Closing a business (years to resolve insolvency) .. 0.8 2.1
Total tax rate (% of profit) .. 25.4 38.6
Profit tax (% of commercial profits) .. 7.4 14.3
New businesses registered (thousands) .. 26.4
New business density (new regis. per working-age pop.) .. 7.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 17.8 9.2 2.0
Gross fixed capital formation (% of GDP) 30.6 26.8 18.0
Gross fixed private capital formation (% of GDP) 22.5 17.0 ..

Finance and banking


Government cash surplus or deficit (% of GDP) 11.4 1.7 -7.7
Government debt (% of GDP) 86.9 113.3 55.7
Deposit money banks’ assets (% of GDP) 120.6 133.9 140.0
Total financial system deposits (% of GDP) 108.4 135.8 108.5
Bank capital to asset ratio (%) 10.0 10.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 3.4 2.3 3.4
Domestic credit to the private sector (% of GDP) 99.5 103.2 165.1
Real interest rate (%) 2.0 7.4
Interest rate spread (percentage points) 4.1 5.1 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 7,575 8,185 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 68.2 133.4 111.2
Internet users (per 100 people) 32.3 73.3 72.3

The Little Data Book on Private Sector Development 2011 187


Slovak Republic High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.4 5.4 1,117
Labor force (millions) 2.6 2.7 547
Unemployment rate (% of labor force) 18.8 12.1 8.1
GNI per capita, World Bank Atlas method ($) 5,370 16,130 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.7 5.8 2.0
Agriculture value added (% of GDP) 4.5 2.6 1.5
Industry value added (% of GDP) 36.2 34.5 25.0
Manufacturing value added (% of GDP) 24.7 19.3 15.9
Services value added (% of GDP) 59.3 62.9 73.5
Inflation (annual % change in consumer price index) 12.0 1.6
Exchange rate (local currency units per $) 46.0 21.4
Exports of goods and services (% of GDP) 70.5 99.5 23.6
Imports of goods and services (% of GDP) 73.0 103.7 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 41
Time to start a business (days) .. 16 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 26.0 37.9
Closing a business (years to resolve insolvency) .. 4.0 2.1
Total tax rate (% of profit) .. 48.7 38.6
Profit tax (% of commercial profits) .. 7.0 14.3
New businesses registered (thousands) .. 15.8
New business density (new regis. per working-age pop.) .. 4.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) 6.1 6.7
Firms expected to give gifts in meetings w/tax officials (%) 41.2 3.1
Firms using banks to finance investments (% of firms) 9.6 33.5
Delay in obtaining an electrical connection (days) 15.2 25.0
ISO certification ownership (% of firms) 20.0 28.6

Private sector investment


Invest. in infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.2 0.0 2.0
Gross fixed capital formation (% of GDP) 25.8 26.1 18.0
Gross fixed private capital formation (% of GDP) 23.8 22.2 ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. -7.3 -7.7
Government debt (% of GDP) .. 38.1 55.7
Deposit money banks’ assets (% of GDP) 84.9 53.8 140.0
Total financial system deposits (% of GDP) 56.9 48.8 108.5
Bank capital to asset ratio (%) 4.6 9.6 6.8
Bank nonperforming loans to total gross loans ratio (%) 13.7 5.3 3.4
Domestic credit to the private sector (% of GDP) 51.1 44.7 165.1
Real interest rate (%) 5.0 2.8
Interest rate spread (percentage points) 6.4 4.3 3.8

Infrastructure
Paved roads (% of total roads) 87.0 87.0 93.4
Electric power consumption (kWh per capita) 4,956 5,268 9,518
Power outages in a typical month (number) .. 1.2
Mobile cellular subscriptions (per 100 people) 23.1 101.5 111.2
Internet users (per 100 people) 9.4 75.0 72.3

188 2011 The Little Data Book on Private Sector Development


Slovenia High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 2.0 2.0 1,117
Labor force (millions) 0.96 1.0 547
Unemployment rate (% of labor force) 7.2 5.9 8.1
GNI per capita, World Bank Atlas method ($) 11,090 23,520 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 3.8 2.0
Agriculture value added (% of GDP) 3.3 2.4 1.5
Industry value added (% of GDP) 35.8 33.9 25.0
Manufacturing value added (% of GDP) 25.8 22.1 15.9
Services value added (% of GDP) 60.9 63.8 73.5
Inflation (annual % change in consumer price index) 8.9 0.9
Exchange rate (local currency units per $) 222.7 191.0
Exports of goods and services (% of GDP) 53.9 58.9 23.6
Imports of goods and services (% of GDP) 57.4 57.4 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 42
Time to start a business (days) .. 6 18
Procedures to start a business (number) .. 2 6
Firing cost (weeks of wages) .. 37.0 37.9
Closing a business (years to resolve insolvency) .. 2.0 2.1
Total tax rate (% of profit) .. 35.4 38.6
Profit tax (% of commercial profits) .. 14.8 14.3
New businesses registered (thousands) .. 5.8
New business density (new regis. per working-age pop.) .. 4.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) 4.4 7.3
Firms expected to give gifts in meetings w/tax officials (%) 14.7 0.0
Firms using banks to finance investments (% of firms) 12.7 52.2
Delay in obtaining an electrical connection (days) 6.4 60.8
ISO certification ownership (% of firms) 32.0 28.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 0.7 -1.2 2.0
Gross fixed capital formation (% of GDP) 26.1 24.0 18.0
Gross fixed private capital formation (% of GDP) 57.3 59.1 ..

Finance and banking


Government cash surplus or deficit (% of GDP) -1.1 -5.5 -7.7
Government debt (% of GDP) 22.2 .. 55.7
Deposit money banks’ assets (% of GDP) 46.7 93.6 140.0
Total financial system deposits (% of GDP) 44.9 55.8 108.5
Bank capital to asset ratio (%) 10.1 8.3 6.8
Bank nonperforming loans to total gross loans ratio (%) 6.5 2.3 3.4
Domestic credit to the private sector (% of GDP) 35.9 94.0 165.1
Real interest rate (%) 9.9 4.0
Interest rate spread (percentage points) 5.7 4.5 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 5,778 6,920 9,518
Power outages in a typical month (number) .. 2.7
Mobile cellular subscriptions (per 100 people) 61.1 102.8 111.2
Internet users (per 100 people) 15.1 63.6 72.3

The Little Data Book on Private Sector Development 2011 189


Solomon Islands
East Asia & Pacific Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.42 0.52 846
Labor force (millions) 0.09 0.12 384
Unemployment rate (% of labor force) 31.9 .. ..
GNI per capita, World Bank Atlas method ($) 1,000 910 509
GDP growth, 1995–2000 and 2000–09 (average annual %) -1.9 4.5 5.4
Agriculture value added (% of GDP) 34.7 38.9 26.1
Industry value added (% of GDP) 12.7 6.1 24.4
Manufacturing value added (% of GDP) 8.0 3.8 12.4
Services value added (% of GDP) 52.6 55.0 49.5
Inflation (annual % change in consumer price index) 7.9 7.1
Exchange rate (local currency units per $) 5.1 8.1
Exports of goods and services (% of GDP) 24.1 33.5 23.2
Imports of goods and services (% of GDP) 38.6 46.9 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 96
Time to start a business (days) .. 57 41
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 44.0 71.0
Closing a business (years to resolve insolvency) .. 1.0 3.7
Total tax rate (% of profit) .. 36.4 76.5
Profit tax (% of commercial profits) .. 25.8 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 5 4,779
Private foreign direct investment, net (% of GDP) 3.0 17.9 2.7
Gross fixed capital formation (% of GDP) 6.1 13.4 22.9
Gross fixed private capital formation (% of GDP) .. .. 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 23.3 .. 31.8
Total financial system deposits (% of GDP) 24.0 .. 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 16.0 28.3 26.3
Real interest rate (%) 3.5 6.6
Interest rate spread (percentage points) 11.6 11.1 11.5

Infrastructure
Paved roads (% of total roads) 2.4 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.3 5.7 26.6
Internet users (per 100 people) 0.5 1.9 2.7

190 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Somalia Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 7.4 9.1 846
Labor force (millions) 2.9 3.5 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) .. .. 509
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 5.4
Agriculture value added (% of GDP) .. .. 26.1
Industry value added (% of GDP) .. .. 24.4
Manufacturing value added (% of GDP) .. .. 12.4
Services value added (% of GDP) .. .. 49.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.2
Imports of goods and services (% of GDP) .. .. 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 41
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 71.0
Closing a business (years to resolve insolvency) .. .. 3.7
Total tax rate (% of profit) .. .. 76.5
Profit tax (% of commercial profits) .. .. 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 1 1 4,779
Private foreign direct investment, net (% of GDP) .. .. 2.7
Gross fixed capital formation (% of GDP) .. .. 22.9
Gross fixed private capital formation (% of GDP) .. .. 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 31.8
Total financial system deposits (% of GDP) .. .. 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) .. .. 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 11.8 .. 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.1 7.0 26.6
Internet users (per 100 people) 0.2 1.2 2.7

The Little Data Book on Private Sector Development 2011 191


South Africa
Sub-Saharan Africa Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 44.0 49.3 1,002
Labor force (millions) 15.3 18.8 458
Unemployment rate (% of labor force) 26.7 23.8 9.1
GNI per capita, World Bank Atlas method ($) 3,050 5,760 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.5 4.1 4.4
Agriculture value added (% of GDP) 3.3 3.0 6.2
Industry value added (% of GDP) 31.8 31.1 31.5
Manufacturing value added (% of GDP) 19.0 15.1 16.7
Services value added (% of GDP) 64.9 65.8 62.4
Inflation (annual % change in consumer price index) 5.3 7.1
Exchange rate (local currency units per $) 6.9 8.5
Exports of goods and services (% of GDP) 27.9 27.3 25.4
Imports of goods and services (% of GDP) 24.9 28.1 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 34
Time to start a business (days) .. 22 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 24.0 40.1
Closing a business (years to resolve insolvency) .. 2.0 2.9
Total tax rate (% of profit) .. 30.5 43.0
Profit tax (% of commercial profits) .. 24.4 18.0
New businesses registered (thousands) .. 24.7
New business density (new regis. per working-age pop.) .. 0.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.0
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 1,891 2,387 64,899
Private foreign direct investment, net (% of GDP) 0.7 1.9 2.4
Gross fixed capital formation (% of GDP) 15.1 22.6 20.7
Gross fixed private capital formation (% of GDP) 12.4 13.4 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -2.0 -4.9 -0.6
Government debt (% of GDP) 45.3 .. ..
Deposit money banks’ assets (% of GDP) 74.9 92.4 60.6
Total financial system deposits (% of GDP) 51.5 63.2 47.4
Bank capital to asset ratio (%) 8.7 6.7 9.7
Bank nonperforming loans to total gross loans ratio (%) 3.1 5.9 4.2
Domestic credit to the private sector (% of GDP) 133.7 147.1 47.8
Real interest rate (%) 5.2 4.1
Interest rate spread (percentage points) 5.3 3.2 5.5

Infrastructure
Paved roads (% of total roads) 20.3 .. 36.8
Electric power consumption (kWh per capita) 4,417 4,759 3,001
Power outages in a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 19.0 94.2 100.6
Internet users (per 100 people) 5.5 9.0 34.6

192 2011 The Little Data Book on Private Sector Development


Spain
High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 40.3 46.0 1,117
Labor force (millions) 18.0 22.9 547
Unemployment rate (% of labor force) 13.9 18.0 8.1
GNI per capita, World Bank Atlas method ($) 15,420 32,120 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.2 2.8 2.0
Agriculture value added (% of GDP) 4.4 2.7 1.5
Industry value added (% of GDP) 29.2 26.2 25.0
Manufacturing value added (% of GDP) 18.6 12.7 15.9
Services value added (% of GDP) 66.4 71.2 73.5
Inflation (annual % change in consumer price index) 3.4 -0.4
Exchange rate (local currency units per $) 149.4 ..
Exports of goods and services (% of GDP) 29.0 23.4 23.6
Imports of goods and services (% of GDP) 32.2 25.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 49
Time to start a business (days) .. 47 18
Procedures to start a business (number) .. 10 6
Firing cost (weeks of wages) .. 56.0 37.9
Closing a business (years to resolve insolvency) .. 1.0 2.1
Total tax rate (% of profit) .. 56.5 38.6
Profit tax (% of commercial profits) .. 20.9 14.3
New businesses registered (thousands) .. 79.8
New business density (new regis. per working-age pop.) .. 2.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 0.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 6.7 0.4 2.0
Gross fixed capital formation (% of GDP) 25.8 24.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) -0.5 -8.6 -7.7
Government debt (% of GDP) 58.9 46.5 55.7
Deposit money banks’ assets (% of GDP) 116.5 226.9 140.0
Total financial system deposits (% of GDP) 78.8 156.5 108.5
Bank capital to asset ratio (%) 8.5 6.8 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.2 5.1 3.4
Domestic credit to the private sector (% of GDP) 97.7 211.5 165.1
Real interest rate (%) 1.7 ..
Interest rate spread (percentage points) 2.2 .. 3.8

Infrastructure
Paved roads (% of total roads) 99.0 99.0 93.4
Electric power consumption (kWh per capita) 5,207 6,315 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 60.3 111.0 111.2
Internet users (per 100 people) 13.6 61.2 72.3

The Little Data Book on Private Sector Development 2011 193


Sri Lanka
South Asia Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 18.7 20.3 3,811
Labor force (millions) 7.8 8.3 1,787
Unemployment rate (% of labor force) 7.7 7.6 5.3
GNI per capita, World Bank Atlas method ($) 880 1,990 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.1 5.5 8.5
Agriculture value added (% of GDP) 19.9 12.6 13.3
Industry value added (% of GDP) 27.3 29.7 38.9
Manufacturing value added (% of GDP) 16.8 18.1 25.8
Services value added (% of GDP) 52.8 57.7 47.7
Inflation (annual % change in consumer price index) 6.2 3.5
Exchange rate (local currency units per $) 77.0 114.9
Exports of goods and services (% of GDP) 39.0 21.4 28.9
Imports of goods and services (% of GDP) 49.6 27.9 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 102
Time to start a business (days) .. 35 35
Procedures to start a business (number) .. 4 8
Firing cost (weeks of wages) .. 217.0 57.7
Closing a business (years to resolve insolvency) .. 1.7 3.3
Total tax rate (% of profit) .. 64.7 40.2
Profit tax (% of commercial profits) .. 27.4 16.3
New businesses registered (thousands) .. 4.2
New business density (new regis. per working-age pop.) .. 0.3
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 3.5
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 160 421 41,477
Private foreign direct investment, net (% of GDP) 1.1 1.0 2.0
Gross fixed capital formation (% of GDP) 28.0 23.8 34.9
Gross fixed private capital formation (% of GDP) 24.8 17.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -8.4 -6.6 -2.3
Government debt (% of GDP) 96.9 85.0 ..
Deposit money banks’ assets (% of GDP) 34.3 36.2 107.6
Total financial system deposits (% of GDP) 33.5 33.7 54.9
Bank capital to asset ratio (%) 4.4 .. 10.0
Bank nonperforming loans to total gross loans ratio (%) 15.3 .. 5.1
Domestic credit to the private sector (% of GDP) 28.8 24.8 92.9
Real interest rate (%) 8.3 9.5
Interest rate spread (percentage points) 7.0 5.1 7.3

Infrastructure
Paved roads (% of total roads) 85.8 81.0 36.3
Electric power consumption (kWh per capita) 296 409 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.3 69.4 57.8
Internet users (per 100 people) 0.6 8.7 17.2

194 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
St. Kitts and Nevis Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.04 0.05 1,002
Labor force (millions) .. .. 458
Unemployment rate (% of labor force) 5.1 .. 9.1
GNI per capita, World Bank Atlas method ($) 6,470 10,150 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.3 3.2 4.4
Agriculture value added (% of GDP) 2.7 2.8 6.2
Industry value added (% of GDP) 28.8 22.4 31.5
Manufacturing value added (% of GDP) 10.4 8.4 16.7
Services value added (% of GDP) 68.5 74.8 62.4
Inflation (annual % change in consumer price index) 3.1 -0.7
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 46.0 35.2 25.4
Imports of goods and services (% of GDP) 76.3 68.7 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 87
Time to start a business (days) .. 19 43
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 13.0 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. 52.7 43.0
Profit tax (% of commercial profits) .. 32.7 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 4 1 64,899
Private foreign direct investment, net (% of GDP) 29.5 24.5 2.4
Gross fixed capital formation (% of GDP) 50.1 39.6 20.7
Gross fixed private capital formation (% of GDP) 39.7 41.9 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -3.4 -0.6
Government debt (% of GDP) .. 96.1 ..
Deposit money banks’ assets (% of GDP) 125.9 152.4 60.6
Total financial system deposits (% of GDP) 119.6 145.8 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 77.3 83.6 47.8
Real interest rate (%) 6.8 4.6
Interest rate spread (percentage points) 6.8 4.2 5.5

Infrastructure
Paved roads (% of total roads) 42.5 .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.7 167.4 100.6
Internet users (per 100 people) 6.1 34.3 34.6

The Little Data Book on Private Sector Development 2011 195


St. Lucia
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.16 0.17 1,002
Labor force (millions) 0.06 0.08 458
Unemployment rate (% of labor force) 16.5 21.0 9.1
GNI per capita, World Bank Atlas method ($) 4,130 5,190 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.0 2.7 4.4
Agriculture value added (% of GDP) 7.1 4.9 6.2
Industry value added (% of GDP) 19.0 18.2 31.5
Manufacturing value added (% of GDP) 5.1 6.4 16.7
Services value added (% of GDP) 74.0 76.9 62.4
Inflation (annual % change in consumer price index) 3.7 1.0
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 53.3 49.0 25.4
Imports of goods and services (% of GDP) 63.0 69.3 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 53
Time to start a business (days) .. 14 43
Procedures to start a business (number) .. 5 8
Firing cost (weeks of wages) .. 56.0 40.1
Closing a business (years to resolve insolvency) .. 2.0 2.9
Total tax rate (% of profit) .. 34.0 43.0
Profit tax (% of commercial profits) .. 25.4 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 15 11 64,899
Private foreign direct investment, net (% of GDP) 7.6 16.5 2.4
Gross fixed capital formation (% of GDP) 25.7 23.7 20.7
Gross fixed private capital formation (% of GDP) 16.5 18.3 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 87.9 143.7 60.6
Total financial system deposits (% of GDP) 73.5 107.0 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 77.6 138.6 47.8
Real interest rate (%) 10.7 10.9
Interest rate spread (percentage points) 8.3 7.3 5.5

Infrastructure
Paved roads (% of total roads) .. .. 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.6 102.3 100.6
Internet users (per 100 people) 5.1 83.0 34.6

196 2011 The Little Data Book on Private Sector Development


St. Vincent & Grenadines
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.11 0.11 1,002
Labor force (millions) 0.05 0.05 458
Unemployment rate (% of labor force) .. .. 9.1
GNI per capita, World Bank Atlas method ($) 2,920 5,130 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.7 4.5 4.4
Agriculture value added (% of GDP) 10.8 7.5 6.2
Industry value added (% of GDP) 24.0 24.5 31.5
Manufacturing value added (% of GDP) 6.0 4.1 16.7
Services value added (% of GDP) 65.2 68.0 62.4
Inflation (annual % change in consumer price index) 1.4 -1.6
Exchange rate (local currency units per $) 2.7 2.7
Exports of goods and services (% of GDP) 52.9 33.8 25.4
Imports of goods and services (% of GDP) 59.1 71.7 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 75
Time to start a business (days) .. 10 43
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 54.0 40.1
Closing a business (years to resolve insolvency) .. .. 2.9
Total tax rate (% of profit) .. 38.7 43.0
Profit tax (% of commercial profits) .. 30.2 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 35 64,899
Private foreign direct investment, net (% of GDP) 11.1 18.9 2.4
Gross fixed capital formation (% of GDP) 27.0 34.8 20.7
Gross fixed private capital formation (% of GDP) 20.0 .. 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 79.7 73.5 60.6
Total financial system deposits (% of GDP) 87.2 71.9 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 64.7 59.5 47.8
Real interest rate (%) 11.1 6.0
Interest rate spread (percentage points) 6.9 6.2 5.5

Infrastructure
Paved roads (% of total roads) 68.0 70.0 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.2 110.9 100.6
Internet users (per 100 people) 3.2 69.6 34.6

The Little Data Book on Private Sector Development 2011 197


Sudan
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 34.9 42.3 3,811
Labor force (millions) 10.5 13.5 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 320 1,220 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.2 7.3 8.5
Agriculture value added (% of GDP) 41.7 29.7 13.3
Industry value added (% of GDP) 21.5 26.0 38.9
Manufacturing value added (% of GDP) 8.6 6.8 25.8
Services value added (% of GDP) 36.8 44.3 47.7
Inflation (annual % change in consumer price index) 8.0 11.2
Exchange rate (local currency units per $) 2.6 2.3
Exports of goods and services (% of GDP) 15.3 15.1 28.9
Imports of goods and services (% of GDP) 17.7 20.8 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 154
Time to start a business (days) .. 36 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 118.0 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 36.1 40.2
Profit tax (% of commercial profits) .. 13.8 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 12 357 41,477
Private foreign direct investment, net (% of GDP) 3.2 4.9 2.0
Gross fixed capital formation (% of GDP) 12.1 21.8 34.9
Gross fixed private capital formation (% of GDP) 9.7 16.3 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -0.4 .. -2.3
Government debt (% of GDP) 8.7 .. ..
Deposit money banks’ assets (% of GDP) 2.4 14.2 107.6
Total financial system deposits (% of GDP) 5.7 13.4 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 2.2 12.3 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 36.3 .. 36.3
Electric power consumption (kWh per capita) 62 96 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.1 36.3 57.8
Internet users (per 100 people) 0.0 9.9 17.2

198 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Suriname
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.47 0.52 1,002
Labor force (millions) 0.16 0.19 458
Unemployment rate (% of labor force) 13.8 9.5 9.1
GNI per capita, World Bank Atlas method ($) 1,930 4,760 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.7 5.4 4.4
Agriculture value added (% of GDP) 11.2 4.7 6.2
Industry value added (% of GDP) 25.2 40.2 31.5
Manufacturing value added (% of GDP) 9.0 20.7 16.7
Services value added (% of GDP) 63.7 55.1 62.4
Inflation (annual % change in consumer price index) 59.4 -0.1
Exchange rate (local currency units per $) 1.3 2.7
Exports of goods and services (% of GDP) 19.7 30.7 25.4
Imports of goods and services (% of GDP) 33.2 45.6 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 161
Time to start a business (days) .. 694 43
Procedures to start a business (number) .. 13 8
Firing cost (weeks of wages) .. 26.0 40.1
Closing a business (years to resolve insolvency) .. 5.0 2.9
Total tax rate (% of profit) .. 27.9 43.0
Profit tax (% of commercial profits) .. 27.9 18.0
New businesses registered (thousands) .. 0.1
New business density (new regis. per working-age pop.) .. 0.4
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. 60 64,899
Private foreign direct investment, net (% of GDP) -16.6 -7.7 2.4
Gross fixed capital formation (% of GDP) 12.4 25.1 20.7
Gross fixed private capital formation (% of GDP) 9.8 19.8 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 12.6 29.6 60.6
Total financial system deposits (% of GDP) 21.7 47.7 47.4
Bank capital to asset ratio (%) .. .. 9.7
Bank nonperforming loans to total gross loans ratio (%) .. .. 4.2
Domestic credit to the private sector (% of GDP) 8.4 27.8 47.8
Real interest rate (%) -16.7 -5.7
Interest rate spread (percentage points) 13.5 5.3 5.5

Infrastructure
Paved roads (% of total roads) 26.0 26.3 36.8
Electric power consumption (kWh per capita) .. .. 3,001
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 8.8 147.0 100.6
Internet users (per 100 people) 2.5 31.4 34.6

The Little Data Book on Private Sector Development 2011 199


Swaziland
Sub-Saharan Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.1 1.2 3,811
Labor force (millions) 0.37 0.46 1,787
Unemployment rate (% of labor force) 22.5 .. 5.3
GNI per capita, World Bank Atlas method ($) 1,550 2,470 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.3 2.6 8.5
Agriculture value added (% of GDP) 12.5 7.3 13.3
Industry value added (% of GDP) 45.0 49.4 38.9
Manufacturing value added (% of GDP) 39.5 44.4 25.8
Services value added (% of GDP) 42.6 43.3 47.7
Inflation (annual % change in consumer price index) 12.2 7.3
Exchange rate (local currency units per $) 6.9 8.5
Exports of goods and services (% of GDP) 76.1 59.8 28.9
Imports of goods and services (% of GDP) 90.1 76.5 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 118
Time to start a business (days) .. 56 35
Procedures to start a business (number) .. 12 8
Firing cost (weeks of wages) .. 53.0 57.7
Closing a business (years to resolve insolvency) .. 2.0 3.3
Total tax rate (% of profit) .. 36.8 40.2
Profit tax (% of commercial profits) .. 28.1 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.4
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 5 25 41,477
Private foreign direct investment, net (% of GDP) 6.1 2.2 2.0
Gross fixed capital formation (% of GDP) 17.4 16.9 34.9
Gross fixed private capital formation (% of GDP) 11.5 3.0 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -0.8 -2.9 -2.3
Government debt (% of GDP) 26.8 .. ..
Deposit money banks’ assets (% of GDP) 13.0 23.8 107.6
Total financial system deposits (% of GDP) 17.7 27.6 54.9
Bank capital to asset ratio (%) .. 16.9 10.0
Bank nonperforming loans to total gross loans ratio (%) .. 8.1 5.1
Domestic credit to the private sector (% of GDP) 12.8 25.0 92.9
Real interest rate (%) 13.8 5.6
Interest rate spread (percentage points) 7.5 6.0 7.3

Infrastructure
Paved roads (% of total roads) 30.0 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 2.5
Mobile cellular subscriptions (per 100 people) 3.1 55.4 57.8
Internet users (per 100 people) 0.9 7.6 17.2

200 2011 The Little Data Book on Private Sector Development


Sweden High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 8.9 9.3 1,117
Labor force (millions) 4.5 5.0 547
Unemployment rate (% of labor force) 5.8 8.3 8.1
GNI per capita, World Bank Atlas method ($) 29,500 48,840 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.6 2.4 2.0
Agriculture value added (% of GDP) 2.1 1.7 1.5
Industry value added (% of GDP) 28.8 25.1 25.0
Manufacturing value added (% of GDP) 22.0 16.1 15.9
Services value added (% of GDP) 69.1 73.1 73.5
Inflation (annual % change in consumer price index) 1.0 -0.3
Exchange rate (local currency units per $) 9.2 7.7
Exports of goods and services (% of GDP) 46.5 48.5 23.6
Imports of goods and services (% of GDP) 40.2 41.6 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 14
Time to start a business (days) .. 15 18
Procedures to start a business (number) .. 3 6
Firing cost (weeks of wages) .. 26.0 37.9
Closing a business (years to resolve insolvency) .. 2.0 2.1
Total tax rate (% of profit) .. 54.6 38.6
Profit tax (% of commercial profits) .. 16.4 14.3
New businesses registered (thousands) .. 24.2
New business density (new regis. per working-age pop.) .. 4.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 8.9 2.8 2.0
Gross fixed capital formation (% of GDP) 18.0 17.9 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) 68.2 44.0 55.7
Deposit money banks’ assets (% of GDP) 49.2 147.9 140.0
Total financial system deposits (% of GDP) 41.6 58.3 108.5
Bank capital to asset ratio (%) 6.5 5.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.6 2.0 3.4
Domestic credit to the private sector (% of GDP) 42.3 139.3 165.1
Real interest rate (%) 4.3 2.4
Interest rate spread (percentage points) 3.7 2.5 3.8

Infrastructure
Paved roads (% of total roads) .. 23.6 93.4
Electric power consumption (kWh per capita) 15,687 14,869 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 71.8 122.8 111.2
Internet users (per 100 people) 45.6 90.3 72.3

The Little Data Book on Private Sector Development 2011 201


Switzerland High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 7.2 7.7 1,117
Labor force (millions) 4.0 4.4 547
Unemployment rate (% of labor force) 2.7 4.1 8.1
GNI per capita, World Bank Atlas method ($) 40,280 65,430 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.1 1.9 2.0
Agriculture value added (% of GDP) 1.6 1.2 1.5
Industry value added (% of GDP) 27.3 26.8 25.0
Manufacturing value added (% of GDP) 19.0 19.0 15.9
Services value added (% of GDP) 71.1 72.0 73.5
Inflation (annual % change in consumer price index) 1.5 -0.5
Exchange rate (local currency units per $) 1.7 1.1
Exports of goods and services (% of GDP) 46.5 51.7 23.6
Imports of goods and services (% of GDP) 40.7 40.7 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 27
Time to start a business (days) .. 20 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 13.0 37.9
Closing a business (years to resolve insolvency) .. 3.0 2.1
Total tax rate (% of profit) .. 30.1 38.6
Profit tax (% of commercial profits) .. 8.9 14.3
New businesses registered (thousands) .. 25.3
New business density (new regis. per working-age pop.) .. 4.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 7.9 5.6 2.0
Gross fixed capital formation (% of GDP) 22.7 20.2 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 2.2 1.3 -7.7
Government debt (% of GDP) 25.6 28.9 55.7
Deposit money banks’ assets (% of GDP) 172.5 188.8 140.0
Total financial system deposits (% of GDP) 116.6 145.7 108.5
Bank capital to asset ratio (%) 6.0 5.5 6.8
Bank nonperforming loans to total gross loans ratio (%) 4.1 0.4 3.4
Domestic credit to the private sector (% of GDP) 158.5 174.8 165.1
Real interest rate (%) 3.1 2.5
Interest rate spread (percentage points) 1.3 2.7 3.8

Infrastructure
Paved roads (% of total roads) .. 100.0 93.4
Electric power consumption (kWh per capita) 7,847 8,307 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 64.6 119.7 111.2
Internet users (per 100 people) 47.9 70.9 72.3

202 2011 The Little Data Book on Private Sector Development


Syrian Arab Republic
Middle East & North Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 16.5 21.1 3,811
Labor force (millions) 4.9 6.9 1,787
Unemployment rate (% of labor force) 2.3 8.4 5.3
GNI per capita, World Bank Atlas method ($) 960 2,410 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.2 4.4 8.5
Agriculture value added (% of GDP) 23.8 21.0 13.3
Industry value added (% of GDP) 37.9 33.7 38.9
Manufacturing value added (% of GDP) 6.5 13.4 25.8
Services value added (% of GDP) 38.3 45.3 47.7
Inflation (annual % change in consumer price index) -3.8 2.9
Exchange rate (local currency units per $) 11.2 11.2
Exports of goods and services (% of GDP) 35.4 33.9 28.9
Imports of goods and services (% of GDP) 28.6 35.7 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 144
Time to start a business (days) .. 13 35
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 80.0 57.7
Closing a business (years to resolve insolvency) .. 4.1 3.3
Total tax rate (% of profit) .. 42.9 40.2
Profit tax (% of commercial profits) .. 23.2 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 12.2
Firms expected to give gifts in meetings w/tax officials (%) .. 61.0
Firms using banks to finance investments (% of firms) .. 20.7
Delay in obtaining an electrical connection (days) .. 118.4
ISO certification ownership (% of firms) .. 7.4

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 161 153 41,477
Private foreign direct investment, net (% of GDP) 1.4 2.7 2.0
Gross fixed capital formation (% of GDP) 17.3 19.5 34.9
Gross fixed private capital formation (% of GDP) 6.3 10.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 36.9 42.8 107.6
Total financial system deposits (% of GDP) 38.3 51.4 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 8.3 20.3 92.9
Real interest rate (%) -0.6 19.0
Interest rate spread (percentage points) 5.0 3.7 7.3

Infrastructure
Paved roads (% of total roads) .. 91.0 36.3
Electric power consumption (kWh per capita) 1,058 1,521 1,318
Power outages in a typical month (number) .. 16.1
Mobile cellular subscriptions (per 100 people) 0.2 46.0 57.8
Internet users (per 100 people) 0.2 18.7 17.2

The Little Data Book on Private Sector Development 2011 203


Tajikistan
Europe & Central Asia Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 6.2 7.0 846
Labor force (millions) 2.0 2.9 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 170 700 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.1 8.2 5.4
Agriculture value added (% of GDP) 27.4 22.4 26.1
Industry value added (% of GDP) 38.9 23.7 24.4
Manufacturing value added (% of GDP) 33.7 10.8 12.4
Services value added (% of GDP) 33.7 53.9 49.5
Inflation (annual % change in consumer price index) 38.6 6.4
Exchange rate (local currency units per $) 2.1 4.1
Exports of goods and services (% of GDP) 98.8 13.4 23.2
Imports of goods and services (% of GDP) 100.9 56.3 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 139
Time to start a business (days) .. 27 41
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 30.0 71.0
Closing a business (years to resolve insolvency) .. 1.7 3.7
Total tax rate (% of profit) .. 86.0 76.5
Profit tax (% of commercial profits) .. 17.7 24.8
New businesses registered (thousands) .. 2.2
New business density (new regis. per working-age pop.) .. 0.5
Enterprise surveys
Time dealing with gov’t officials (% of management time) 6.1 11.7
Firms expected to give gifts in meetings w/tax officials (%) 87.2 33.0
Firms using banks to finance investments (% of firms) 3.9 21.4
Delay in obtaining an electrical connection (days) 11.9 28.3
ISO certification ownership (% of firms) 8.6 16.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 9 46 4,779
Private foreign direct investment, net (% of GDP) 2.7 0.3 2.7
Gross fixed capital formation (% of GDP) 7.4 17.2 22.9
Gross fixed private capital formation (% of GDP) 0.7 4.0 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -0.8 -6.6 -1.4
Government debt (% of GDP) 114.1 .. ..
Deposit money banks’ assets (% of GDP) 13.6 0.8 31.8
Total financial system deposits (% of GDP) 3.2 9.2 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 13.8 29.0 26.3
Real interest rate (%) 2.4 8.5
Interest rate spread (percentage points) 24.3 17.1 11.5

Infrastructure
Paved roads (% of total roads) .. .. 12.0
Electric power consumption (kWh per capita) 2,177 2,072 231
Power outages in a typical month (number) .. 6.3
Mobile cellular subscriptions (per 100 people) 0.0 70.5 26.6
Internet users (per 100 people) 0.0 10.1 2.7

204 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
Tanzania Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 34.1 43.7 846
Labor force (millions) 16.8 21.4 384
Unemployment rate (% of labor force) 5.1 4.3 ..
GNI per capita, World Bank Atlas method ($) 300 500 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.2 7.1 5.4
Agriculture value added (% of GDP) 33.5 28.8 26.1
Industry value added (% of GDP) 19.2 24.3 24.4
Manufacturing value added (% of GDP) 9.4 9.5 12.4
Services value added (% of GDP) 47.3 46.9 49.5
Inflation (annual % change in consumer price index) 5.9 12.1
Exchange rate (local currency units per $) 800.4 1,320.3
Exports of goods and services (% of GDP) 13.4 23.2 23.2
Imports of goods and services (% of GDP) 20.1 35.2 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 128
Time to start a business (days) .. 29 41
Procedures to start a business (number) .. 12 8
Firing cost (weeks of wages) .. 18.0 71.0
Closing a business (years to resolve insolvency) .. 3.0 3.7
Total tax rate (% of profit) .. 45.2 76.5
Profit tax (% of commercial profits) .. 19.9 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.0
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 61 522 4,779
Private foreign direct investment, net (% of GDP) 4.5 1.9 2.7
Gross fixed capital formation (% of GDP) 16.4 29.3 22.9
Gross fixed private capital formation (% of GDP) 12.4 20.5 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 31.8
Total financial system deposits (% of GDP) .. .. 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 4.1 15.3 26.3
Real interest rate (%) 13.0 7.1
Interest rate spread (percentage points) 14.2 7.1 11.5

Infrastructure
Paved roads (% of total roads) .. 7.4 12.0
Electric power consumption (kWh per capita) 58 84 231
Power outages in a typical month (number) .. 12.0
Mobile cellular subscriptions (per 100 people) 0.3 39.9 26.6
Internet users (per 100 people) 0.1 1.5 2.7

The Little Data Book on Private Sector Development 2011 205


Thailand
East Asia & Pacific Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 62.3 67.8 3,811
Labor force (millions) 34.3 38.7 1,787
Unemployment rate (% of labor force) 2.4 1.2 5.3
GNI per capita, World Bank Atlas method ($) 1,960 3,760 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -0.7 4.6 8.5
Agriculture value added (% of GDP) 9.0 11.6 13.3
Industry value added (% of GDP) 42.0 43.3 38.9
Manufacturing value added (% of GDP) 33.6 34.1 25.8
Services value added (% of GDP) 49.0 45.1 47.7
Inflation (annual % change in consumer price index) 1.6 -0.8
Exchange rate (local currency units per $) 40.1 34.3
Exports of goods and services (% of GDP) 66.8 68.4 28.9
Imports of goods and services (% of GDP) 58.1 57.8 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 19
Time to start a business (days) .. 32 35
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 54.0 57.7
Closing a business (years to resolve insolvency) .. 2.7 3.3
Total tax rate (% of profit) .. 37.4 40.2
Profit tax (% of commercial profits) .. 28.9 16.3
New businesses registered (thousands) .. 27.5
New business density (new regis. per working-age pop.) .. 0.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 0.4
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 1,377 539 41,477
Private foreign direct investment, net (% of GDP) 2.7 1.9 2.0
Gross fixed capital formation (% of GDP) 22.0 24.4 34.9
Gross fixed private capital formation (% of GDP) 13.8 17.9 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. -3.0 -2.3
Government debt (% of GDP) .. 28.6 ..
Deposit money banks’ assets (% of GDP) 124.1 109.3 107.6
Total financial system deposits (% of GDP) 106.6 100.1 54.9
Bank capital to asset ratio (%) 7.5 9.8 10.0
Bank nonperforming loans to total gross loans ratio (%) 17.7 5.3 5.1
Domestic credit to the private sector (% of GDP) 108.3 116.3 92.9
Real interest rate (%) 6.4 3.9
Interest rate spread (percentage points) 4.5 4.9 7.3

Infrastructure
Paved roads (% of total roads) 98.5 .. 36.3
Electric power consumption (kWh per capita) 1,462 2,079 1,318
Power outages in a typical month (number) .. 1.3
Mobile cellular subscriptions (per 100 people) 4.9 122.6 57.8
Internet users (per 100 people) 3.7 25.8 17.2

206 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Timor-LesteLower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.82 1.1 3,811
Labor force (millions) 0.28 0.44 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 330 2,460 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) .. 2.4 8.5
Agriculture value added (% of GDP) 25.8 .. 13.3
Industry value added (% of GDP) 18.5 .. 38.9
Manufacturing value added (% of GDP) 2.8 .. 25.8
Services value added (% of GDP) 55.7 .. 47.7
Inflation (annual % change in consumer price index) .. 0.7
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 28.9
Imports of goods and services (% of GDP) .. .. 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 174
Time to start a business (days) .. 83 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 17.0 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 0.2 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.1
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 41,477
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) 21.8 .. 34.9
Gross fixed private capital formation (% of GDP) 7.7 .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 2.2 18.6 92.9
Real interest rate (%) .. 1.1
Interest rate spread (percentage points) .. 10.3 7.3

Infrastructure
Paved roads (% of total roads) .. .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 7.7
Mobile cellular subscriptions (per 100 people) .. .. 57.8
Internet users (per 100 people) .. .. 17.2

The Little Data Book on Private Sector Development 2011 207


Togo
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 5.2 6.6 846
Labor force (millions) 2.2 3.0 384
Unemployment rate (% of labor force) .. .. ..
GNI per capita, World Bank Atlas method ($) 280 440 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.2 2.5 5.4
Agriculture value added (% of GDP) 34.2 43.7 26.1
Industry value added (% of GDP) 17.8 24.0 24.4
Manufacturing value added (% of GDP) 8.4 10.1 12.4
Services value added (% of GDP) 47.9 32.4 49.5
Inflation (annual % change in consumer price index) 1.9 2.0
Exchange rate (local currency units per $) 712.0 472.2
Exports of goods and services (% of GDP) 30.7 41.9 23.2
Imports of goods and services (% of GDP) 50.7 62.5 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 160
Time to start a business (days) .. 75 41
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 36.0 71.0
Closing a business (years to resolve insolvency) .. 3.0 3.7
Total tax rate (% of profit) .. 50.8 76.5
Profit tax (% of commercial profits) .. 8.8 24.8
New businesses registered (thousands) .. 0.1
New business density (new regis. per working-age pop.) .. 0.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 2.7
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 68 44 4,779
Private foreign direct investment, net (% of GDP) 3.2 1.8 2.7
Gross fixed capital formation (% of GDP) 17.8 22.3 22.9
Gross fixed private capital formation (% of GDP) 14.8 19.5 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) .. -0.6 -1.4
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 16.7 24.6 31.8
Total financial system deposits (% of GDP) 15.6 25.7 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) .. .. ..
Domestic credit to the private sector (% of GDP) 15.6 21.9 26.3
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 11.5

Infrastructure
Paved roads (% of total roads) 31.6 21.0 12.0
Electric power consumption (kWh per capita) 89 99 231
Power outages in a typical month (number) .. 11.1
Mobile cellular subscriptions (per 100 people) 1.0 33.0 26.6
Internet users (per 100 people) 1.9 5.4 2.7

208 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Tonga
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.10 0.10 3,811
Labor force (millions) 0.04 0.04 1,787
Unemployment rate (% of labor force) .. 1.1 5.3
GNI per capita, World Bank Atlas method ($) 2,020 3,260 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.0 1.0 8.5
Agriculture value added (% of GDP) 22.8 19.6 13.3
Industry value added (% of GDP) 21.3 18.5 38.9
Manufacturing value added (% of GDP) 10.5 8.1 25.8
Services value added (% of GDP) 55.9 61.9 47.7
Inflation (annual % change in consumer price index) 6.3 1.4
Exchange rate (local currency units per $) 1.8 2.0
Exports of goods and services (% of GDP) 15.4 13.2 28.9
Imports of goods and services (% of GDP) 46.9 58.5 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 71
Time to start a business (days) .. 25 35
Procedures to start a business (number) .. 4 8
Firing cost (weeks of wages) .. .. 57.7
Closing a business (years to resolve insolvency) .. 2.7 3.3
Total tax rate (% of profit) .. 25.5 40.2
Profit tax (% of commercial profits) .. 24.3 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 6.6
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 7 10 41,477
Private foreign direct investment, net (% of GDP) 2.5 4.7 2.0
Gross fixed capital formation (% of GDP) 21.1 26.0 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 58.2 52.2 107.6
Total financial system deposits (% of GDP) 43.8 49.4 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 41.0 48.2 92.9
Real interest rate (%) 7.8 13.8
Interest rate spread (percentage points) 6.0 7.2 7.3

Infrastructure
Paved roads (% of total roads) 27.0 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 0.2 51.0 57.8
Internet users (per 100 people) 2.4 8.1 17.2

The Little Data Book on Private Sector Development 2011 209


Trinidad and Tobago High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 1.3 1.3 1,117
Labor force (millions) 0.59 0.70 547
Unemployment rate (% of labor force) 12.1 5.3 8.1
GNI per capita, World Bank Atlas method ($) 5,190 16,700 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.0 7.4 2.0
Agriculture value added (% of GDP) 1.4 0.4 1.5
Industry value added (% of GDP) 49.5 52.5 25.0
Manufacturing value added (% of GDP) 7.3 6.3 15.9
Services value added (% of GDP) 49.1 47.1 73.5
Inflation (annual % change in consumer price index) 3.6 7.0
Exchange rate (local currency units per $) 6.3 6.3
Exports of goods and services (% of GDP) 59.1 68.4 23.6
Imports of goods and services (% of GDP) 45.5 39.4 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 97
Time to start a business (days) .. 43 18
Procedures to start a business (number) .. 9 6
Firing cost (weeks of wages) .. 67.0 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. 33.1 38.6
Profit tax (% of commercial profits) .. 21.6 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 8.3 3.3 2.0
Gross fixed capital formation (% of GDP) 20.0 25.3 18.0
Gross fixed private capital formation (% of GDP) 14.3 19.4 ..

Finance and banking


Government cash surplus or deficit (% of GDP) 2.0 2.3 -7.7
Government debt (% of GDP) .. 14.1 55.7
Deposit money banks’ assets (% of GDP) 37.2 34.3 140.0
Total financial system deposits (% of GDP) 51.3 40.9 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) 43.5 31.5 165.1
Real interest rate (%) 3.2 32.8
Interest rate spread (percentage points) 8.3 8.5 3.8

Infrastructure
Paved roads (% of total roads) 51.1 .. 93.4
Electric power consumption (kWh per capita) 3,907 5,789 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 12.5 147.2 111.2
Internet users (per 100 people) 7.7 36.2 72.3

210 2011 The Little Data Book on Private Sector Development


Middle East & North Africa
Tunisia
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 9.6 10.4 3,811
Labor force (millions) 3.2 3.8 1,787
Unemployment rate (% of labor force) 15.7 14.2 5.3
GNI per capita, World Bank Atlas method ($) 2,090 3,720 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.5 4.9 8.5
Agriculture value added (% of GDP) 12.3 7.8 13.3
Industry value added (% of GDP) 28.6 30.0 38.9
Manufacturing value added (% of GDP) 18.2 16.5 25.8
Services value added (% of GDP) 59.1 62.3 47.7
Inflation (annual % change in consumer price index) 3.0 3.8
Exchange rate (local currency units per $) 1.4 1.4
Exports of goods and services (% of GDP) 44.5 52.0 28.9
Imports of goods and services (% of GDP) 48.2 55.3 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 55
Time to start a business (days) .. 11 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 17.0 57.7
Closing a business (years to resolve insolvency) .. 1.3 3.3
Total tax rate (% of profit) .. 62.8 40.2
Profit tax (% of commercial profits) .. 15.0 16.3
New businesses registered (thousands) .. 9.1
New business density (new regis. per working-age pop.) .. 1.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 261 287 41,477
Private foreign direct investment, net (% of GDP) 3.9 4.0 2.0
Gross fixed capital formation (% of GDP) 26.0 25.9 34.9
Gross fixed private capital formation (% of GDP) 13.7 23.2 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -2.7 -1.7 -2.3
Government debt (% of GDP) 62.6 47.1 ..
Deposit money banks’ assets (% of GDP) 64.8 70.6 107.6
Total financial system deposits (% of GDP) 48.1 58.6 54.9
Bank capital to asset ratio (%) 7.5 .. 10.0
Bank nonperforming loans to total gross loans ratio (%) 21.6 13.2 5.1
Domestic credit to the private sector (% of GDP) 66.3 68.4 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 68.4 75.2 36.3
Electric power consumption (kWh per capita) 991 1,298 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 1.2 93.5 57.8
Internet users (per 100 people) 2.7 33.5 17.2

The Little Data Book on Private Sector Development 2011 211


Turkey
Europe & Central Asia Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 66.5 74.8 1,002
Labor force (millions) 23.1 25.6 458
Unemployment rate (% of labor force) 6.5 14.0 9.1
GNI per capita, World Bank Atlas method ($) 3,990 8,720 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 4.9 4.4
Agriculture value added (% of GDP) 11.3 9.3 6.2
Industry value added (% of GDP) 31.5 25.8 31.5
Manufacturing value added (% of GDP) 22.5 17.1 16.7
Services value added (% of GDP) 57.2 64.9 62.4
Inflation (annual % change in consumer price index) 54.9 6.3
Exchange rate (local currency units per $) 0.6 1.5
Exports of goods and services (% of GDP) 20.1 23.2 25.4
Imports of goods and services (% of GDP) 23.1 24.4 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 65
Time to start a business (days) .. 6 43
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 95.0 40.1
Closing a business (years to resolve insolvency) .. 3.3 2.9
Total tax rate (% of profit) .. 44.5 43.0
Profit tax (% of commercial profits) .. 17.0 18.0
New businesses registered (thousands) .. 44.5
New business density (new regis. per working-age pop.) .. 0.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) 3.5 27.1
Firms expected to give gifts in meetings w/tax officials (%) 49.4 4.0
Firms using banks to finance investments (% of firms) 13.3 51.9
Delay in obtaining an electrical connection (days) 2.7 7.4
ISO certification ownership (% of firms) 8.7 30.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 8,215 8,223 64,899
Private foreign direct investment, net (% of GDP) 0.4 1.4 2.4
Gross fixed capital formation (% of GDP) 20.4 16.9 20.7
Gross fixed private capital formation (% of GDP) 15.7 13.2 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) .. -5.5 -0.6
Government debt (% of GDP) .. 51.4 ..
Deposit money banks’ assets (% of GDP) 39.9 64.3 60.6
Total financial system deposits (% of GDP) 32.7 51.0 47.4
Bank capital to asset ratio (%) 6.1 13.3 9.7
Bank nonperforming loans to total gross loans ratio (%) 9.2 5.6 4.2
Domestic credit to the private sector (% of GDP) 17.8 36.5 47.8
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 5.5

Infrastructure
Paved roads (% of total roads) 34.0 .. 36.8
Electric power consumption (kWh per capita) 1,573 2,308 3,001
Power outages in a typical month (number) .. 4.1
Mobile cellular subscriptions (per 100 people) 24.3 83.9 100.6
Internet users (per 100 people) 3.8 35.3 34.6

212 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Turkmenistan Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 4.5 5.1 3,811
Labor force (millions) 1.8 2.4 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 650 3,420 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.9 13.9 8.5
Agriculture value added (% of GDP) 24.4 12.3 13.3
Industry value added (% of GDP) 44.4 53.5 38.9
Manufacturing value added (% of GDP) 10.6 46.6 25.8
Services value added (% of GDP) 31.2 34.2 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 5,200.0 ..
Exports of goods and services (% of GDP) 95.5 75.6 28.9
Imports of goods and services (% of GDP) 80.9 45.8 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 35
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. .. 40.2
Profit tax (% of commercial profits) .. .. 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 20 52 41,477
Private foreign direct investment, net (% of GDP) 4.5 6.8 2.0
Gross fixed capital formation (% of GDP) 34.7 11.4 34.9
Gross fixed private capital formation (% of GDP) .. 10.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 2.0 .. 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 81.2 .. 36.3
Electric power consumption (kWh per capita) 1,698 2,273 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 0.2 29.4 57.8
Internet users (per 100 people) 0.1 1.6 17.2

The Little Data Book on Private Sector Development 2011 213


Turks and Caicos Islands High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.02 0.03 1,117
Labor force (millions) .. .. 547
Unemployment rate (% of labor force) 9.7 5.4 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. .. 111.2
Internet users (per 100 people) .. .. 72.3

214 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Tuvalu
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) .. 0.01 3,811
Labor force (millions) .. .. 1,787
Unemployment rate (% of labor force) 6.5 16.3 5.3
GNI per capita, World Bank Atlas method ($) .. .. 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 8.5
Agriculture value added (% of GDP) .. .. 13.3
Industry value added (% of GDP) .. .. 38.9
Manufacturing value added (% of GDP) .. .. 25.8
Services value added (% of GDP) .. .. 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) .. .. 28.9
Imports of goods and services (% of GDP) .. .. 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 35
Procedures to start a business (number) .. .. 8
Firing cost (weeks of wages) .. .. 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. .. 40.2
Profit tax (% of commercial profits) .. .. 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. 41,477
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) .. .. 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) .. .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) .. 12.5 57.8
Internet users (per 100 people) .. 23.9 17.2

The Little Data Book on Private Sector Development 2011 215


Uganda
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 24.4 32.7 846
Labor force (millions) 10.5 14.1 384
Unemployment rate (% of labor force) .. 3.2 ..
GNI per capita, World Bank Atlas method ($) 270 460 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.4 7.8 5.4
Agriculture value added (% of GDP) 29.4 24.7 26.1
Industry value added (% of GDP) 22.9 25.8 24.4
Manufacturing value added (% of GDP) 7.6 8.0 12.4
Services value added (% of GDP) 47.7 49.5 49.5
Inflation (annual % change in consumer price index) 3.4 13.4
Exchange rate (local currency units per $) 1,644.5 2,030.3
Exports of goods and services (% of GDP) 10.7 23.4 23.2
Imports of goods and services (% of GDP) 22.1 34.6 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 122
Time to start a business (days) .. 25 41
Procedures to start a business (number) .. 18 8
Firing cost (weeks of wages) .. 13.0 71.0
Closing a business (years to resolve insolvency) .. 2.2 3.7
Total tax rate (% of profit) .. 35.7 76.5
Profit tax (% of commercial profits) .. 23.3 24.8
New businesses registered (thousands) .. 11.2
New business density (new regis. per working-age pop.) .. 0.7
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.2
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 57 310 4,779
Private foreign direct investment, net (% of GDP) 2.6 3.8 2.7
Gross fixed capital formation (% of GDP) 19.2 23.5 22.9
Gross fixed private capital formation (% of GDP) 13.2 17.5 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -1.9 -0.9 -1.4
Government debt (% of GDP) 42.9 32.7 ..
Deposit money banks’ assets (% of GDP) 11.1 16.8 31.8
Total financial system deposits (% of GDP) 12.1 16.0 30.6
Bank capital to asset ratio (%) 9.8 13.4 ..
Bank nonperforming loans to total gross loans ratio (%) 9.8 4.2 ..
Domestic credit to the private sector (% of GDP) 6.2 13.1 26.3
Real interest rate (%) 10.6 3.8
Interest rate spread (percentage points) 13.1 11.2 11.5

Infrastructure
Paved roads (% of total roads) .. 23.0 12.0
Electric power consumption (kWh per capita) .. .. 231
Power outages in a typical month (number) .. 11.0
Mobile cellular subscriptions (per 100 people) 0.5 28.7 26.6
Internet users (per 100 people) 0.2 9.8 2.7

216 2011 The Little Data Book on Private Sector Development


Europe & Central Asia
Ukraine
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 49.2 46.0 3,811
Labor force (millions) 23.4 23.0 1,787
Unemployment rate (% of labor force) 11.6 8.8 5.3
GNI per capita, World Bank Atlas method ($) 700 2,800 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) -1.9 5.6 8.5
Agriculture value added (% of GDP) 17.1 8.2 13.3
Industry value added (% of GDP) 36.3 29.4 38.9
Manufacturing value added (% of GDP) 19.2 18.2 25.8
Services value added (% of GDP) 46.6 62.4 47.7
Inflation (annual % change in consumer price index) 28.2 15.9
Exchange rate (local currency units per $) 5.4 7.8
Exports of goods and services (% of GDP) 62.4 46.3 28.9
Imports of goods and services (% of GDP) 57.4 48.0 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 145
Time to start a business (days) .. 27 35
Procedures to start a business (number) .. 10 8
Firing cost (weeks of wages) .. 13.0 57.7
Closing a business (years to resolve insolvency) .. 2.9 3.3
Total tax rate (% of profit) .. 55.5 40.2
Profit tax (% of commercial profits) .. 10.4 16.3
New businesses registered (thousands) .. 19.3
New business density (new regis. per working-age pop.) .. 0.6
Enterprise surveys
Time dealing with gov’t officials (% of management time) 10.2 11.3
Firms expected to give gifts in meetings w/tax officials (%) 58.9 28.3
Firms using banks to finance investments (% of firms) 8.1 32.1
Delay in obtaining an electrical connection (days) 26.2 47.9
ISO certification ownership (% of firms) 14.5 13.0

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 206 1,118 41,477
Private foreign direct investment, net (% of GDP) 1.9 4.2 2.0
Gross fixed capital formation (% of GDP) 19.7 18.0 34.9
Gross fixed private capital formation (% of GDP) 17.3 16.8 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -0.6 -5.6 -2.3
Government debt (% of GDP) 45.3 .. ..
Deposit money banks’ assets (% of GDP) 12.7 82.3 107.6
Total financial system deposits (% of GDP) 11.0 35.7 54.9
Bank capital to asset ratio (%) 16.2 13.1 10.0
Bank nonperforming loans to total gross loans ratio (%) 29.6 40.2 5.1
Domestic credit to the private sector (% of GDP) 11.2 73.3 92.9
Real interest rate (%) 15.0 6.6
Interest rate spread (percentage points) 27.8 7.1 7.3

Infrastructure
Paved roads (% of total roads) 96.7 97.8 36.3
Electric power consumption (kWh per capita) 2,778 3,534 1,318
Power outages in a typical month (number) .. 2.1
Mobile cellular subscriptions (per 100 people) 1.7 120.3 57.8
Internet users (per 100 people) 0.7 33.3 17.2

The Little Data Book on Private Sector Development 2011 217


United Arab Emirates High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.2 4.6 1,117
Labor force (millions) 1.9 2.9 547
Unemployment rate (% of labor force) 2.3 4.0 8.1
GNI per capita, World Bank Atlas method ($) 19,330 26,370 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.1 7.0 2.0
Agriculture value added (% of GDP) 3.5 1.8 1.5
Industry value added (% of GDP) 55.7 60.6 25.0
Manufacturing value added (% of GDP) 13.5 12.4 15.9
Services value added (% of GDP) 40.8 37.6 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 3.7 3.7
Exports of goods and services (% of GDP) 73.3 87.1 23.6
Imports of goods and services (% of GDP) 55.3 63.8 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 40
Time to start a business (days) .. 15 18
Procedures to start a business (number) .. 8 6
Firing cost (weeks of wages) .. 84.0 37.9
Closing a business (years to resolve insolvency) .. 5.1 2.1
Total tax rate (% of profit) .. 14.1 38.6
Profit tax (% of commercial profits) .. 0.0 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) 22.1 19.5 18.0
Gross fixed private capital formation (% of GDP) 9.5 10.3 ..

Finance and banking


Government cash surplus or deficit (% of GDP) 0.1 .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) 51.1 82.2 140.0
Total financial system deposits (% of GDP) 45.1 74.0 108.5
Bank capital to asset ratio (%) 12.9 16.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 12.7 4.8 3.4
Domestic credit to the private sector (% of GDP) 46.2 93.0 165.1
Real interest rate (%) -9.9 ..
Interest rate spread (percentage points) 3.5 .. 3.8

Infrastructure
Paved roads (% of total roads) 100.0 .. 93.4
Electric power consumption (kWh per capita) 11,919 16,891 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 44.1 232.1 111.2
Internet users (per 100 people) 23.6 82.2 72.3

218 2011 The Little Data Book on Private Sector Development


United Kingdom High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 58.9 61.8 1,117
Labor force (millions) 29.3 31.8 547
Unemployment rate (% of labor force) 5.5 7.7 8.1
GNI per capita, World Bank Atlas method ($) 25,910 41,370 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.4 2.0 2.0
Agriculture value added (% of GDP) 1.0 0.7 1.5
Industry value added (% of GDP) 27.3 21.0 25.0
Manufacturing value added (% of GDP) 17.4 11.1 15.9
Services value added (% of GDP) 71.7 78.2 73.5
Inflation (annual % change in consumer price index) 2.9 -0.6
Exchange rate (local currency units per $) 0.7 0.6
Exports of goods and services (% of GDP) 27.6 27.7 23.6
Imports of goods and services (% of GDP) 29.5 30.0 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 4
Time to start a business (days) .. 13 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. 22.0 37.9
Closing a business (years to resolve insolvency) .. 1.0 2.1
Total tax rate (% of profit) .. 37.3 38.6
Profit tax (% of commercial profits) .. 23.1 14.3
New businesses registered (thousands) .. 330.1
New business density (new regis. per working-age pop.) .. 8.0
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 8.3 3.4 2.0
Gross fixed capital formation (% of GDP) 17.1 14.6 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 1.6 -10.9 -7.7
Government debt (% of GDP) 47.5 73.2 55.7
Deposit money banks’ assets (% of GDP) 128.4 213.1 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) 6.5 5.4 6.8
Bank nonperforming loans to total gross loans ratio (%) 2.5 3.5 3.4
Domestic credit to the private sector (% of GDP) 129.3 213.5 165.1
Real interest rate (%) 4.7 -0.7
Interest rate spread (percentage points) 2.7 .. 3.8

Infrastructure
Paved roads (% of total roads) 100.0 100.0 93.4
Electric power consumption (kWh per capita) 6,115 6,061 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 73.8 130.0 111.2
Internet users (per 100 people) 26.8 83.2 72.3

The Little Data Book on Private Sector Development 2011 219


United States High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 282.2 307.0 1,117
Labor force (millions) 147.9 159.0 547
Unemployment rate (% of labor force) 4.0 9.3 8.1
GNI per capita, World Bank Atlas method ($) 34,890 46,360 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.4 2.0 2.0
Agriculture value added (% of GDP) 1.2 1.2 1.5
Industry value added (% of GDP) 23.4 21.3 25.0
Manufacturing value added (% of GDP) 16.7 13.4 15.9
Services value added (% of GDP) 75.4 77.5 73.5
Inflation (annual % change in consumer price index) 3.4 -0.4
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) 11.0 11.2 23.6
Imports of goods and services (% of GDP) 14.9 13.9 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 5
Time to start a business (days) .. 6 18
Procedures to start a business (number) .. 6 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. 1.5 2.1
Total tax rate (% of profit) .. 46.8 38.6
Profit tax (% of commercial profits) .. 27.6 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) 3.2 1.0 2.0
Gross fixed capital formation (% of GDP) 20.0 15.1 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) 0.5 -10.4 -7.7
Government debt (% of GDP) 32.4 67.1 55.7
Deposit money banks’ assets (% of GDP) 57.0 96.5 140.0
Total financial system deposits (% of GDP) 65.1 81.2 108.5
Bank capital to asset ratio (%) 8.5 11.0 6.8
Bank nonperforming loans to total gross loans ratio (%) 1.1 5.4 3.4
Domestic credit to the private sector (% of GDP) 168.4 202.9 165.1
Real interest rate (%) 6.9 2.3
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. 67.4 93.4
Electric power consumption (kWh per capita) 13,671 13,654 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 38.8 97.2 111.2
Internet users (per 100 people) 43.9 78.1 72.3

220 2011 The Little Data Book on Private Sector Development


Latin America & Caribbean
Uruguay
Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.3 3.3 1,002
Labor force (millions) 1.5 1.7 458
Unemployment rate (% of labor force) 13.6 7.3 9.1
GNI per capita, World Bank Atlas method ($) 7,100 9,010 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.1 3.4 4.4
Agriculture value added (% of GDP) 7.0 9.8 6.2
Industry value added (% of GDP) 24.5 25.8 31.5
Manufacturing value added (% of GDP) 14.1 15.8 16.7
Services value added (% of GDP) 68.5 64.4 62.4
Inflation (annual % change in consumer price index) 4.8 7.1
Exchange rate (local currency units per $) 12.1 22.6
Exports of goods and services (% of GDP) 16.7 26.5 25.4
Imports of goods and services (% of GDP) 20.0 25.5 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 124
Time to start a business (days) .. 65 43
Procedures to start a business (number) .. 11 8
Firing cost (weeks of wages) .. 31.0 40.1
Closing a business (years to resolve insolvency) .. 2.1 2.9
Total tax rate (% of profit) .. 42.0 43.0
Profit tax (% of commercial profits) .. 23.6 18.0
New businesses registered (thousands) .. 4.7
New business density (new regis. per working-age pop.) .. 2.1
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.0
Firms expected to give gifts in meetings w/tax officials (%) .. 0.6
Firms using banks to finance investments (% of firms) .. 6.9
Delay in obtaining an electrical connection (days) .. 38.6
ISO certification ownership (% of firms) .. 6.8

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 681 45 64,899
Private foreign direct investment, net (% of GDP) 1.2 4.0 2.4
Gross fixed capital formation (% of GDP) 14.3 19.1 20.7
Gross fixed private capital formation (% of GDP) 10.7 13.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -3.0 -1.5 -0.6
Government debt (% of GDP) 40.6 49.5 ..
Deposit money banks’ assets (% of GDP) 55.6 24.1 60.6
Total financial system deposits (% of GDP) 46.1 35.6 47.4
Bank capital to asset ratio (%) 7.2 8.9 9.7
Bank nonperforming loans to total gross loans ratio (%) 12.4 1.0 4.2
Domestic credit to the private sector (% of GDP) 45.1 20.6 47.8
Real interest rate (%) 41.1 8.9
Interest rate spread (percentage points) 27.8 10.9 5.5

Infrastructure
Paved roads (% of total roads) .. .. 36.8
Electric power consumption (kWh per capita) 1,990 2,393 3,001
Power outages in a typical month (number) .. 0.3
Mobile cellular subscriptions (per 100 people) 12.4 113.7 100.6
Internet users (per 100 people) 10.6 55.5 34.6

The Little Data Book on Private Sector Development 2011 221


Uzbekistan
Europe & Central Asia Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 24.7 27.8 3,811
Labor force (millions) 9.1 12.7 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 630 1,100 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 4.1 6.9 8.5
Agriculture value added (% of GDP) 34.4 19.5 13.3
Industry value added (% of GDP) 23.1 33.2 38.9
Manufacturing value added (% of GDP) 9.4 13.3 25.8
Services value added (% of GDP) 42.5 47.3 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 236.6 ..
Exports of goods and services (% of GDP) 24.6 36.4 28.9
Imports of goods and services (% of GDP) 21.5 36.4 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 150
Time to start a business (days) .. 15 35
Procedures to start a business (number) .. 7 8
Firing cost (weeks of wages) .. 22.0 57.7
Closing a business (years to resolve insolvency) .. 4.0 3.3
Total tax rate (% of profit) .. 95.6 40.2
Profit tax (% of commercial profits) .. 1.6 16.3
New businesses registered (thousands) .. 14.4
New business density (new regis. per working-age pop.) .. 0.8
Enterprise surveys
Time dealing with gov’t officials (% of management time) 5.3 11.1
Firms expected to give gifts in meetings w/tax officials (%) 52.7 52.4
Firms using banks to finance investments (% of firms) 1.3 8.2
Delay in obtaining an electrical connection (days) 7.6 28.0
ISO certification ownership (% of firms) 14.8 1.3

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 26 167 41,477
Private foreign direct investment, net (% of GDP) 0.5 2.3 2.0
Gross fixed capital formation (% of GDP) 24.0 26.1 34.9
Gross fixed private capital formation (% of GDP) 15.5 23.0 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) .. .. 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 87.3 .. 36.3
Electric power consumption (kWh per capita) 1,780 1,646 1,318
Power outages in a typical month (number) .. 6.1
Mobile cellular subscriptions (per 100 people) 0.2 59.1 57.8
Internet users (per 100 people) 0.5 16.9 17.2

222 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Vanuatu
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.19 0.24 3,811
Labor force (millions) 0.09 0.12 1,787
Unemployment rate (% of labor force) .. .. 5.3
GNI per capita, World Bank Atlas method ($) 1,440 2,620 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 3.5 4.0 8.5
Agriculture value added (% of GDP) 25.3 21.6 13.3
Industry value added (% of GDP) 12.3 10.1 38.9
Manufacturing value added (% of GDP) 5.0 4.4 25.8
Services value added (% of GDP) 62.4 68.3 47.7
Inflation (annual % change in consumer price index) 2.5 4.3
Exchange rate (local currency units per $) 137.6 106.7
Exports of goods and services (% of GDP) 38.0 42.6 28.9
Imports of goods and services (% of GDP) 46.5 55.4 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 60
Time to start a business (days) .. 39 35
Procedures to start a business (number) .. 8 8
Firing cost (weeks of wages) .. 56.0 57.7
Closing a business (years to resolve insolvency) .. 2.6 3.3
Total tax rate (% of profit) .. 8.4 40.2
Profit tax (% of commercial profits) .. 0.0 16.3
New businesses registered (thousands) .. 0.3
New business density (new regis. per working-age pop.) .. 2.2
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 7.9
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 6 35 41,477
Private foreign direct investment, net (% of GDP) 7.2 5.3 2.0
Gross fixed capital formation (% of GDP) 18.6 22.6 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -0.7 .. -2.3
Government debt (% of GDP) 26.4 .. ..
Deposit money banks’ assets (% of GDP) 38.8 52.4 107.6
Total financial system deposits (% of GDP) 94.3 109.9 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 30.6 60.4 92.9
Real interest rate (%) 7.5 1.3
Interest rate spread (percentage points) 8.6 4.3 7.3

Infrastructure
Paved roads (% of total roads) 23.9 .. 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 2.3
Mobile cellular subscriptions (per 100 people) 0.2 52.7 57.8
Internet users (per 100 people) 2.1 7.1 17.2

The Little Data Book on Private Sector Development 2011 223


Venezuela, RB
Latin America & Caribbean Upper middle income
Upper
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 24.3 28.4 1,002
Labor force (millions) 10.1 13.1 458
Unemployment rate (% of labor force) 13.2 7.6 9.1
GNI per capita, World Bank Atlas method ($) 4,100 10,090 7,502
GDP growth, 1995–2000 and 2000–09 (average annual %) 0.6 4.9 4.4
Agriculture value added (% of GDP) 4.2 4.0 6.2
Industry value added (% of GDP) 49.7 57.8 31.5
Manufacturing value added (% of GDP) 19.8 16.4 16.7
Services value added (% of GDP) 46.1 38.2 62.4
Inflation (annual % change in consumer price index) 16.2 28.6
Exchange rate (local currency units per $) 0.7 2.1
Exports of goods and services (% of GDP) 29.7 18.3 25.4
Imports of goods and services (% of GDP) 18.1 20.5 24.2

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 172
Time to start a business (days) .. 141 43
Procedures to start a business (number) .. 17 8
Firing cost (weeks of wages) .. ..a 40.1
Closing a business (years to resolve insolvency) .. 4.0 2.9
Total tax rate (% of profit) .. 52.6 43.0
Profit tax (% of commercial profits) .. 10.0 18.0
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 33.6
Firms expected to give gifts in meetings w/tax officials (%) .. 2.6
Firms using banks to finance investments (% of firms) .. 35.7
Delay in obtaining an electrical connection (days) .. 25.4
ISO certification ownership (% of firms) .. 12.5

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 774 546 64,899
Private foreign direct investment, net (% of GDP) 4.0 -1.0 2.4
Gross fixed capital formation (% of GDP) 21.0 22.1 20.7
Gross fixed private capital formation (% of GDP) .. 9.6 15.6

Finance and banking


Government cash surplus or deficit (% of GDP) -1.2 2.2 -0.6
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 13.8 28.2 60.6
Total financial system deposits (% of GDP) 16.6 30.9 47.4
Bank capital to asset ratio (%) 13.0 9.4 9.7
Bank nonperforming loans to total gross loans ratio (%) 6.6 3.0 4.2
Domestic credit to the private sector (% of GDP) 12.5 21.7 47.8
Real interest rate (%) -3.3 10.6
Interest rate spread (percentage points) 8.9 3.5 5.5

Infrastructure
Paved roads (% of total roads) 33.6 .. 36.8
Electric power consumption (kWh per capita) 2,655 3,074 3,001
Power outages in a typical month (number) .. 2.4
Mobile cellular subscriptions (per 100 people) 22.4 99.1 100.6
Internet users (per 100 people) 3.4 31.2 34.6

224 2011 The Little Data Book on Private Sector Development


East Asia & Pacific
Vietnam
Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 77.6 87.3 3,811
Labor force (millions) 37.9 46.6 1,787
Unemployment rate (% of labor force) 2.3 2.4 5.3
GNI per capita, World Bank Atlas method ($) 390 1,000 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 6.7 7.6 8.5
Agriculture value added (% of GDP) 24.5 20.9 13.3
Industry value added (% of GDP) 36.7 40.2 38.9
Manufacturing value added (% of GDP) 18.6 20.1 25.8
Services value added (% of GDP) 38.7 38.8 47.7
Inflation (annual % change in consumer price index) -1.7 7.1
Exchange rate (local currency units per $) 14,167.8 17,065.1
Exports of goods and services (% of GDP) 55.0 68.3 28.9
Imports of goods and services (% of GDP) 57.5 78.7 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 78
Time to start a business (days) .. 44 35
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 87.0 57.7
Closing a business (years to resolve insolvency) .. 5.0 3.3
Total tax rate (% of profit) .. 33.1 40.2
Profit tax (% of commercial profits) .. 12.5 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 4.9
Firms expected to give gifts in meetings w/tax officials (%) .. 33.7
Firms using banks to finance investments (% of firms) .. 21.5
Delay in obtaining an electrical connection (days) .. 29.6
ISO certification ownership (% of firms) .. 16.7

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 150 477 41,477
Private foreign direct investment, net (% of GDP) 4.2 7.8 2.0
Gross fixed capital formation (% of GDP) 27.6 34.5 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 37.1 122.2 107.6
Total financial system deposits (% of GDP) 8.8 16.4 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 35.3 112.7 92.9
Real interest rate (%) 6.9 3.8
Interest rate spread (percentage points) 6.9 3.1 7.3

Infrastructure
Paved roads (% of total roads) 25.1 47.6 36.3
Electric power consumption (kWh per capita) 295 799 1,318
Power outages in a typical month (number) .. 2.0
Mobile cellular subscriptions (per 100 people) 1.0 101.5 57.8
Internet users (per 100 people) 0.3 27.5 17.2

The Little Data Book on Private Sector Development 2011 225


Virgin Islands (U.S.) High income

High-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 0.11 0.11 1,117
Labor force (millions) 0.05 0.05 547
Unemployment rate (% of labor force) .. .. 8.1
GNI per capita, World Bank Atlas method ($) .. .. 37,990
GDP growth, 1995–2000 and 2000–09 (average annual %) .. .. 2.0
Agriculture value added (% of GDP) .. .. 1.5
Industry value added (% of GDP) .. .. 25.0
Manufacturing value added (% of GDP) .. .. 15.9
Services value added (% of GDP) .. .. 73.5
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) 1.0 1.0
Exports of goods and services (% of GDP) .. .. 23.6
Imports of goods and services (% of GDP) .. .. 23.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. ..
Time to start a business (days) .. .. 18
Procedures to start a business (number) .. .. 6
Firing cost (weeks of wages) .. .. 37.9
Closing a business (years to resolve insolvency) .. .. 2.1
Total tax rate (% of profit) .. .. 38.6
Profit tax (% of commercial profits) .. .. 14.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) .. .. ..
Private foreign direct investment, net (% of GDP) .. .. 2.0
Gross fixed capital formation (% of GDP) .. .. 18.0
Gross fixed private capital formation (% of GDP) .. .. ..

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -7.7
Government debt (% of GDP) .. .. 55.7
Deposit money banks’ assets (% of GDP) .. .. 140.0
Total financial system deposits (% of GDP) .. .. 108.5
Bank capital to asset ratio (%) .. .. 6.8
Bank nonperforming loans to total gross loans ratio (%) .. .. 3.4
Domestic credit to the private sector (% of GDP) .. .. 165.1
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 3.8

Infrastructure
Paved roads (% of total roads) .. .. 93.4
Electric power consumption (kWh per capita) .. .. 9,518
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 32.2 73.3 111.2
Internet users (per 100 people) 13.8 27.3 72.3

226 2011 The Little Data Book on Private Sector Development


West Bank and Gaza
Middle East & North Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 3.0 4.0 3,811
Labor force (millions) 0.63 0.95 1,787
Unemployment rate (% of labor force) 14.1 24.5 5.3
GNI per capita, World Bank Atlas method ($) 1,560 1,250 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 7.4 -0.9 8.5
Agriculture value added (% of GDP) .. .. 13.3
Industry value added (% of GDP) .. .. 38.9
Manufacturing value added (% of GDP) .. .. 25.8
Services value added (% of GDP) .. .. 47.7
Inflation (annual % change in consumer price index) .. ..
Exchange rate (local currency units per $) .. ..
Exports of goods and services (% of GDP) 16.0 14.0 28.9
Imports of goods and services (% of GDP) 71.2 68.2 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 135
Time to start a business (days) .. 49 35
Procedures to start a business (number) .. 11 8
Firing cost (weeks of wages) .. 91.0 57.7
Closing a business (years to resolve insolvency) .. .. 3.3
Total tax rate (% of profit) .. 16.8 40.2
Profit tax (% of commercial profits) .. 16.2 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 5.7
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 237 47 41,477
Private foreign direct investment, net (% of GDP) 1.5 1.2 2.0
Gross fixed capital formation (% of GDP) 32.7 25.7 34.9
Gross fixed private capital formation (% of GDP) .. .. 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) .. .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) .. .. 107.6
Total financial system deposits (% of GDP) .. .. 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) .. .. 92.9
Real interest rate (%) .. ..
Interest rate spread (percentage points) .. .. 7.3

Infrastructure
Paved roads (% of total roads) 100.0 100.0 36.3
Electric power consumption (kWh per capita) .. .. 1,318
Power outages in a typical month (number) .. 3.3
Mobile cellular subscriptions (per 100 people) 5.9 30.3 57.8
Internet users (per 100 people) 1.2 8.8 17.2

The Little Data Book on Private Sector Development 2011 227


Yemen, Rep.
Middle East & North Africa Lower middle income
Lower
middle-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 18.2 23.6 3,811
Labor force (millions) 4.3 6.2 1,787
Unemployment rate (% of labor force) 11.5 15.0 5.3
GNI per capita, World Bank Atlas method ($) 400 1,060 2,321
GDP growth, 1995–2000 and 2000–09 (average annual %) 5.6 3.9 8.5
Agriculture value added (% of GDP) 10.3 14.3 13.3
Industry value added (% of GDP) 46.5 40.3 38.9
Manufacturing value added (% of GDP) 5.2 4.7 25.8
Services value added (% of GDP) 43.2 45.4 47.7
Inflation (annual % change in consumer price index) 4.6 3.7
Exchange rate (local currency units per $) 161.7 202.8
Exports of goods and services (% of GDP) 42.3 38.0 28.9
Imports of goods and services (% of GDP) 36.6 41.4 28.3

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 105
Time to start a business (days) .. 12 35
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 17.0 57.7
Closing a business (years to resolve insolvency) .. 3.0 3.3
Total tax rate (% of profit) .. 47.8 40.2
Profit tax (% of commercial profits) .. 35.1 16.3
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. 11.8
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 20 50 41,477
Private foreign direct investment, net (% of GDP) 0.1 0.5 2.0
Gross fixed capital formation (% of GDP) 18.6 23.1 34.9
Gross fixed private capital formation (% of GDP) 13.2 13.4 19.9

Finance and banking


Government cash surplus or deficit (% of GDP) -2.3 .. -2.3
Government debt (% of GDP) .. .. ..
Deposit money banks’ assets (% of GDP) 7.9 15.5 107.6
Total financial system deposits (% of GDP) 13.9 21.1 54.9
Bank capital to asset ratio (%) .. .. 10.0
Bank nonperforming loans to total gross loans ratio (%) .. .. 5.1
Domestic credit to the private sector (% of GDP) 5.0 7.4 92.9
Real interest rate (%) -4.9 23.1
Interest rate spread (percentage points) 5.5 7.3 7.3

Infrastructure
Paved roads (% of total roads) .. 8.7 36.3
Electric power consumption (kWh per capita) 136 220 1,318
Power outages in a typical month (number) .. 54.4
Mobile cellular subscriptions (per 100 people) 0.2 16.3 57.8
Internet users (per 100 people) 0.1 1.8 17.2

228 2011 The Little Data Book on Private Sector Development


Sub-Saharan Africa
ZambiaLow income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 10.5 12.9 846
Labor force (millions) 4.0 4.8 384
Unemployment rate (% of labor force) 12.9 .. ..
GNI per capita, World Bank Atlas method ($) 300 960 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 2.2 5.4 5.4
Agriculture value added (% of GDP) 22.3 21.6 26.1
Industry value added (% of GDP) 25.3 34.1 24.4
Manufacturing value added (% of GDP) 11.4 9.6 12.4
Services value added (% of GDP) 52.4 44.3 49.5
Inflation (annual % change in consumer price index) 26.0 13.4
Exchange rate (local currency units per $) 3,110.8 5,046.1
Exports of goods and services (% of GDP) 27.1 35.6 23.2
Imports of goods and services (% of GDP) 41.5 32.2 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 76
Time to start a business (days) .. 18 41
Procedures to start a business (number) .. 6 8
Firing cost (weeks of wages) .. 178.0 71.0
Closing a business (years to resolve insolvency) .. 2.7 3.7
Total tax rate (% of profit) .. 16.1 76.5
Profit tax (% of commercial profits) .. 1.7 24.8
New businesses registered (thousands) .. 5.5
New business density (new regis. per working-age pop.) .. 0.9
Enterprise surveys
Time dealing with gov’t officials (% of management time) 13.0 4.6
Firms expected to give gifts in meetings w/tax officials (%) .. 4.9
Firms using banks to finance investments (% of firms) 25.4 10.2
Delay in obtaining an electrical connection (days) 142.4 97.0
ISO certification ownership (% of firms) 5.8 17.2

Private sector investment


Invest. in infrastructure w/private participation ($ millions) 27 114 4,779
Private foreign direct investment, net (% of GDP) 3.8 5.5 2.7
Gross fixed capital formation (% of GDP) 16.0 22.1 22.9
Gross fixed private capital formation (% of GDP) 6.0 17.8 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) 1.8 -0.8 -1.4
Government debt (% of GDP) 176.2 .. ..
Deposit money banks’ assets (% of GDP) 14.5 16.8 31.8
Total financial system deposits (% of GDP) 21.0 19.0 30.6
Bank capital to asset ratio (%) .. .. ..
Bank nonperforming loans to total gross loans ratio (%) 23.6 .. ..
Domestic credit to the private sector (% of GDP) 8.6 12.0 26.3
Real interest rate (%) 6.7 8.3
Interest rate spread (percentage points) 18.6 15.0 11.5

Infrastructure
Paved roads (% of total roads) 22.0 .. 12.0
Electric power consumption (kWh per capita) 595 602 231
Power outages in a typical month (number) .. 3.6
Mobile cellular subscriptions (per 100 people) 0.9 34.1 26.6
Internet users (per 100 people) 0.2 6.3 2.7

The Little Data Book on Private Sector Development 2011 229


Zimbabwe
Sub-Saharan Africa Low income

Low-
Country data income
group
2000 2009 2009
Economic and social context
Population (millions) 12.5 12.5 846
Labor force (millions) 5.1 5.0 384
Unemployment rate (% of labor force) 6.0 4.2 ..
GNI per capita, World Bank Atlas method ($) 480 360 509
GDP growth, 1995–2000 and 2000–09 (average annual %) 1.5 -7.5 5.4
Agriculture value added (% of GDP) 18.5 17.9 26.1
Industry value added (% of GDP) 25.0 29.0 24.4
Manufacturing value added (% of GDP) 15.8 17.0 12.4
Services value added (% of GDP) 56.5 53.0 49.5
Inflation (annual % change in consumer price index) 55.9 24,411.0
Exchange rate (local currency units per $) 0.0 ..
Exports of goods and services (% of GDP) 38.6 36.3 23.2
Imports of goods and services (% of GDP) 36.4 65.4 35.9

Investment climate
Ease of doing business index (ranking 1–183; 1 = best) .. 157
Time to start a business (days) .. 90 41
Procedures to start a business (number) .. 9 8
Firing cost (weeks of wages) .. 446.0 71.0
Closing a business (years to resolve insolvency) .. 3.3 3.7
Total tax rate (% of profit) .. 40.3 76.5
Profit tax (% of commercial profits) .. 24.0 24.8
New businesses registered (thousands) .. ..
New business density (new regis. per working-age pop.) .. ..
Enterprise surveys
Time dealing with gov’t officials (% of management time) .. ..
Firms expected to give gifts in meetings w/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 infrastructure w/private participation ($ millions) 8 200 4,779
Private foreign direct investment, net (% of GDP) 0.4 1.1 2.7
Gross fixed capital formation (% of GDP) 11.8 2.5 22.9
Gross fixed private capital formation (% of GDP) 11.1 1.7 15.8

Finance and banking


Government cash surplus or deficit (% of GDP) -5.2 .. -1.4
Government debt (% of GDP) 57.4 .. ..
Deposit money banks’ assets (% of GDP) 30.7 28.4 31.8
Total financial system deposits (% of GDP) 34.3 42.1 30.6
Bank capital to asset ratio (%) 9.4 .. ..
Bank nonperforming loans to total gross loans ratio (%) 19.6 .. ..
Domestic credit to the private sector (% of GDP) 27.5 46.5 26.3
Real interest rate (%) 67.8 578.2
Interest rate spread (percentage points) 18.0 457.5 11.5

Infrastructure
Paved roads (% of total roads) 19.0 .. 12.0
Electric power consumption (kWh per capita) 856 1,022 231
Power outages in a typical month (number) .. ..
Mobile cellular subscriptions (per 100 people) 2.1 23.9 26.6
Internet users (per 100 people) 0.4 11.4 2.7

230 2011 The Little Data Book on Private Sector Development


Glossary
Agriculture value added is the net output of agriculture (International
Standard Industrial Classification divisions 1–5, including forestry and fish-
ing) 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)

Closing a business is the number of years from the time of filing for insolvency
in court until resolution of distressed assets. Data listed for 2009 are for
June 2010. (World Bank)

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 2011.

The Little Data Book on Private Sector Development 2011 231


Glossary
The ranking on each topic is the simple average of the percentile rankings on
its component indicators. Data listed for 2009 are for June 2010. (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)

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 2009 are
for June 2010. (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

232 2011 The Little Data Book on Private Sector Development


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)

Government cash surplus or deficit is revenue (including grants) minus


expense and net acquisition of nonfinancial assets. (International Monetary
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

The Little Data Book on Private Sector Development 2011 233


Glossary
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)

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 people with 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, includ-
ing operation and management contracts with major capital expenditure,
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. (World Bank)

ISO certification ownership is the percentage of firms that have earned


a quality certification recognized by the International Organization for
Standardization (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)

234 2011 The Little Data Book on Private Sector Development


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 telephone
network. It is calculated per 100 people. (International Telecommunication
Union)

New business density is the number of newly registered limited liability


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

Paved roads are roads surfaced with concrete, cobblestones, or crushed


stone (macadam) and hydrocarbon binder or bituminized agents. (International
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 2009 are for June
2010. (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 2011. Data
listed for 2009 are for June 2010. (World Bank)

The Little Data Book on Private Sector Development 2011 235


Glossary
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 regulations
(taxes, customs, labor regulations, licensing, and registration). (World Bank)

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 2009 are for June 2010. (World Bank)

Total financial system deposits are the demand, time, and saving depos-
its 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 2011. Data listed for 2009
are for June 2010. (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)

236 2011 The Little Data Book on Private Sector Development


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AFGHANISTAN ALBANIA ALGERIA AMERICAN SAMOA ANDORRA ANGOLA ANTIGUA AND


BARBUDA ARGENTINA ARMENIA ARUBA AUSTRALIA AUSTRIA AZERBAIJAN THE BAHAMAS
BAHRAIN BANGLADESH BARBADOS BELARUS BELGIUM BELIZE BENIN BERMUDA BHUTAN
BOLIVIA BOSNIA AND HERZEGOVINA BOTSWANA BRAZIL BRUNEI DARUSSALAM BULGARIA
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DEMOCRATIC REPUBLIC OF CONGO REPUBLIC OF CONGO COSTA RICA CÔTE D’IVOIRE
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REPUBLIC ECUADOR ARAB REPUBLIC OF EGYPT EL SALVADOR EQUATORIAL GUINEA ERITREA
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ICELAND INDIA INDONESIA ISLAMIC REPUBLIC OF IRAN IRAQ IRELAND ISLE OF MAN ISRAEL
ITALY JAMAICA JAPAN JORDAN KAZAKHSTAN KENYA KIRIBATI DEMOCRATIC REPUBLIC OF
KOREA REPUBLIC OF KOREA KOSOVO KUWAIT KYRGYZ REPUBLIC LAO PEOPLE’S DEMOCRATIC
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MACAO SAR, CHINA FORMER YUGOSLAV REPUBLIC OF MACEDONIA MADAGASCAR MALAWI
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MEXICO FEDERATED STATES OF MICRONESIA MOLDOVA MONACO MONGOLIA MONTENEGRO
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NORWAY OMAN PAKISTAN PALAU PANAMA PAPUA NEW GUINEA PARAGUAY PERU PHILIPPINES
POLAND PORTUGAL PUERTO RICO QATAR ROMANIA RUSSIAN FEDERATION RWANDA SAMOA
SAN MARINO SÃO TOMÉ AND PRÍNCIPE SAUDI ARABIA SENEGAL SERBIA SEYCHELLES SIERRA
LEONE SINGAPORE SLOVAK REPUBLIC SLOVENIA SOLOMON ISLANDS SOMALIA SOUTH
AFRICA SPAIN SRI LANKA ST. KITTS AND NEVIS ST. LUCIA ST. VINCENT & GRENADINES
SUDAN SURINAME SWAZILAND SWEDEN SWITZERLAND SYRIAN ARAB REPUBLIC TAJIKISTAN
TANZANIA THAILAND TIMOR-LESTE TOGO TONGA TRINIDAD AND TOBAGO TUNISIA TURKEY
TURKMENISTAN UGANDA UKRAINE UNITED ARAB EMIRATES UNITED KINGDOM UNITED
STATES URUGUAY UZBEKISTAN VANUATU REPÚBLICA BOLIVARIANA DE VENEZUELA VIETNAM
U.S. VIRGIN ISLANDS WEST BANK AND GAZA REPUBLIC OF YEMEN ZAMBIA ZIMBABWE

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