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Federated States of Micronesia

Federated States of Micronesia Companies Stats

Definitions

  • Cost of business start-up procedures > % of GNI per capita: Cost of business start-up procedures (% of GNI per capita). Cost to register a business is normalized by presenting it as a percentage of gross national income (GNI) per capita.
  • Ease of doing business index > 1=most business-friendly regulations: Ease of doing business index (1=most business-friendly regulations). Ease of doing business ranks economies from 1 to 189, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators.
  • Ease of doing business index > 1=most business-friendly regulations per million: Ease of doing business index (1=most business-friendly regulations). Ease of doing business ranks economies from 1 to 189, with first place being the best. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation. The index averages the country's percentile rankings on 10 topics covered in the World Bank's Doing Business. The ranking on each topic is the simple average of the percentile rankings on its component indicators. Figures expressed per million population for the same year.
  • Firms competing against unregistered firms > % of firms: Firms competing against unregistered firms (% of firms). Firms competing against unregistered firms are the percentage of firms competing against unregistered or informal firms.
  • Firms formally registered when operations started > % of firms: Firms formally registered when operations started (% of firms). Firms formally registered when operations started are the percentage of firms formally registered when they started operations in the country.
  • Firms using banks to finance investment > % of firms: Firms using banks to finance investment (% of firms). Firms using banks to finance investment are the percentage of firms using banks to finance investments.
  • Gender equality > Firms with female participation in ownership > % of firms: Firms with female participation in ownership (% of firms). Firms with female participation in ownership are the percentage of firms with a woman among the principal owners.
  • ISO certification ownership > % of firms: ISO certification ownership (% of firms). ISO certification ownership is the percentage of firms that have earned a quality certification recognized by the International Organization for Standardization (ISO).
  • Stock market > Business extent of disclosure index > 0=less disclosure to 10=more disclosure: Business extent of disclosure index (0=less disclosure to 10=more disclosure). Disclosure index measures the extent to which investors are protected through disclosure of ownership and financial information. The index ranges from 0 to 10, with higher values indicating more disclosure.
  • Stock market > Business extent of disclosure index > 0=less disclosure to 10=more disclosure per million: Business extent of disclosure index (0=less disclosure to 10=more disclosure). Disclosure index measures the extent to which investors are protected through disclosure of ownership and financial information. The index ranges from 0 to 10, with higher values indicating more disclosure. Figures expressed per million population for the same year.
  • Time required to obtain an operating license > Days: Time required to obtain an operating license (days). Time required to obtain operating license is the average wait to obtain an operating license from the day the establishment applied for it to the day it was granted.
  • Time required to obtain an operating license > Days per million: Time required to obtain an operating license (days). Time required to obtain operating license is the average wait to obtain an operating license from the day the establishment applied for it to the day it was granted. Figures expressed per million population for the same year.
STAT AMOUNT DATE RANK HISTORY
Cost of business start-up procedures > % of GNI per capita 144.4% 2013 10th out of 188
Ease of doing business index > 1=most business-friendly regulations 156 2013 34th out of 188
Ease of doing business index > 1=most business-friendly regulations per million 1,450.75 2012 5th out of 188
Firms competing against unregistered firms > % of firms 41.1% 2009 38th out of 53
Firms formally registered when operations started > % of firms 96.9% 2009 20th out of 53
Firms using banks to finance investment > % of firms 7.2% 2009 48th out of 54
Gender equality > Firms with female participation in ownership > % of firms 86.8% 2009 1st out of 54
ISO certification ownership > % of firms 6% 2009 46th out of 53
Stock market > Business extent of disclosure index > 0=less disclosure to 10=more disclosure 0.0 2013 185th out of 188
Stock market > Business extent of disclosure index > 0=less disclosure to 10=more disclosure per million 0.0 2012 185th out of 188
Time required to obtain an operating license > Days 7.3 2009 49th out of 52
Time required to obtain an operating license > Days per million 70.2 2009 3rd out of 52

SOURCES: World Bank, Doing Business project (http://www.doingbusiness.org/).; World Bank, Doing Business project (http://www.doingbusiness.org/). Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank, Enterprise Surveys; World Bank, Enterprise Surveys. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.

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