Business Removing

DOING BUSINESS INDICATORS 95
Protecting Investors
Enforcing Contracts
Closing a Business
January 2004
January 2004
January 2004
Recovery rate
Disclosure index Number of Time Cost Time Cost (cents on
Economy (0–7) procedures (days) (% of debt) (years) (% of estate) the dollar)
Albania 3 39 390 28.6 4.0 38 24.6
Algeria 2 49 407 28.7 3.5 4 37.0
Angola 2 47 1011 9.2 4.7 18 1.2
Argentina 5 33 520 15.0 2.8 18 23.5
Armenia 3 24 195 17.8 1.9 4 39.6
Australia 6 11 157 14.4 1.0 8 80.0
Austria 6 20 374 9.8 1.0 18 72.5
Azerbaijan 2 25 267 19.8 2.7 8 33.2
Bangladesh 3 29 365 21.3 4.0 8 23.2
Belarus 1 28 250 20.7 5.8 4 11.9
Belgium 4 27 112 6.2 0.9 4 86.2
Benin 1 49 570 29.6 3.1 18 8.8
Bhutan 1 20 275 113.8
NO
NO
PRACTICE PRACTICE 0.0
Bolivia 2 47 591 10.6 1.8 18 32.5
Bosnia and Herzegovina 2 36 330 19.6 3.3 8 32.1
Botswana 5 26 154 24.8 2.2 18 50.9
Brazil 5 25 566 15.5 10.0 8 0.2
Bulgaria 2 34 440 14.0 3.3 8 34.2
Burkina Faso 1 41 458 92.5 4.0 8 6.4
Burundi 1 51 512 35.0 4.0 18 16.4
Cambodia 0 31 401 121.3
NO
NO
PRACTICE PRACTICE 0.0
Cameroon 1 58 585 36.4 3.2 18 21.4
Canada 7 17 346 12.0 0.8 4 89.1
Central African Republic 1 45 660 72.2 4.8 76 0.0
Chad 1 52 526 54.9 10.0 76 0.0
Chile 6 28 305 10.4 5.6 18 19.3
China 4 25 241 25.5 2.4 18 35.2
Colombia 2 37 363 18.6 3.0 1 54.6
Congo, Dem. Rep. 1 51 909 256.8 5.2 18 1.9
Congo, Rep. 3 47 560 43.0 3.0 38 10.3
Costa Rica 1 34 550 41.2 3.5 18 15.5
Côte d’Ivoire 2 25 525 47.6 2.2 18 14.8
Croatia 4 22 415 10.0 3.1 18 26.1
Czech Republic 6 22 300 9.6 9.2 18 16.8
Denmark 5 15 83 6.6 3.4 8 59.8
Dominican Republic 1 29 580 35.0 3.5 8 17.1
Ecuador 1 41 388 15.3 4.3 18 18.1
Egypt, Arab Rep. 2 55 410 18.4 4.2 18 18.4
El Salvador 1 41 275 12.5 4.0 8 24.9
Estonia 4 25 150 10.6 3.0 8 40.0
Ethiopia 2 30 420 14.8 2.4 8 40.0
Finland 5 27 240 7.2 0.9 1 90.2
France 6 21 75 11.7 1.9 8 46.6
Georgia 5 18 375 31.7 3.2 4 20.3
Germany 5 26 184 10.5 1.2 8 50.3