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Federated States of Micronesia

Federated States of Micronesia Red tape Stats

Definitions

  • Procedures to build a warehouse > Number: Procedures to build a warehouse (number). Number of procedures to build a warehouse is the number of interactions of a company's employees or managers with external parties, including government agency staff, public inspectors, notaries, land registry and cadastre staff, and technical experts apart from architects and engineers.
  • Procedures to build a warehouse > Number per million: Procedures to build a warehouse (number). Number of procedures to build a warehouse is the number of interactions of a company's employees or managers with external parties, including government agency staff, public inspectors, notaries, land registry and cadastre staff, and technical experts apart from architects and engineers. Figures expressed per million population for the same year.
  • Procedures to enforce a contract > Number: Procedures to enforce a contract (number). Number of procedures to enforce a contract are the number of independent actions, mandated by law or courts, that demand interaction between the parties of a contract or between them and the judge or court officer.
  • Procedures to enforce a contract > Number per million: Procedures to enforce a contract (number). Number of procedures to enforce a contract are the number of independent actions, mandated by law or courts, that demand interaction between the parties of a contract or between them and the judge or court officer. Figures expressed per million population for the same year.
  • Start-up procedures to register a business > Number: Start-up procedures to register a business (number). Start-up procedures are those 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.
  • Start-up procedures to register a business > Number per million: Start-up procedures to register a business (number). Start-up procedures are those 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. Figures expressed per million population for the same year.
  • Time required to build a warehouse > Days: Time required to build a warehouse (days). Time required to build a warehouse is the number of calendar days needed to complete the required procedures for building a warehouse. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
  • Time required to build a warehouse > Days per million: Time required to build a warehouse (days). Time required to build a warehouse is the number of calendar days needed to complete the required procedures for building a warehouse. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen. Figures expressed per million population for the same year.
  • Time required to enforce a contract > Days: Time required to enforce a contract (days). Time required to enforce a contract is the number of calendar days from the filing of the lawsuit in court until the final determination and, in appropriate cases, payment.
  • Time required to enforce a contract > Days per million: Time required to enforce a contract (days). Time required to enforce a contract is the number of calendar days from the filing of the lawsuit in court until the final determination and, in appropriate cases, payment. Figures expressed per million population for the same year.
  • Time required to get electricity > Days: Time required to get electricity (days). Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.
  • Time required to get electricity > Days per million: Time required to get electricity (days). Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure. Figures expressed per million population for the same year.
  • Time required to start a business > Days: Time required to start a business (days). Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen.
  • Time required to start a business > Days per million: Time required to start a business (days). Time required to start a business is the number of calendar days needed to complete the procedures to legally operate a business. If a procedure can be speeded up at additional cost, the fastest procedure, independent of cost, is chosen. Figures expressed per million population for the same year.
  • Time to resolve insolvency > Years: Time to resolve insolvency (years). Time to resolve insolvency is the number of years from the filing for insolvency in court until the resolution of distressed assets.
STAT AMOUNT DATE RANK HISTORY
Procedures to build a warehouse > Number 15 2013 78th out of 184
Procedures to build a warehouse > Number per million 145.07 2012 7th out of 185
Procedures to enforce a contract > Number 34 2013 136th out of 188
Procedures to enforce a contract > Number per million 328.84 2012 11th out of 188
Start-up procedures to register a business > Number 7 2013 80th out of 188
Start-up procedures to register a business > Number per million 67.7 2012 9th out of 188
Time required to build a warehouse > Days 114 2013 131st out of 184
Time required to build a warehouse > Days per million 1,102.57 2012 11th out of 185
Time required to enforce a contract > Days 885 2013 30th out of 188
Time required to enforce a contract > Days per million 8,559.41 2012 7th out of 188
Time required to get electricity > Days 470 2013 1st out of 188
Time required to get electricity > Days per million 1,015.52 2012 5th out of 188
Time required to start a business > Days 16 2013 93th out of 188
Time required to start a business > Days per million 154.75 2012 12th out of 188
Time to resolve insolvency > Years 5.3 2013 3rd out of 170

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.

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