Ease of doing business index for Senegal
ICBUSEASEXQSEN • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
123.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Senegal measures the country's regulatory environment and its effect on business operations. This closely watched metric provides insights into Senegal's competitiveness for foreign investment and economic development.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Ease of Doing Business Index ranks countries based on indicators like starting a business, getting construction permits, and enforcing contracts. A higher score indicates a more business-friendly regulatory framework, which is crucial for attracting capital and fostering entrepreneurship.
Methodology
The data is collected through surveys of local experts and businesses in Senegal.
Historical Context
Policymakers use this index to benchmark Senegal's progress against regional peers and identify areas for regulatory reform.
Key Facts
- Senegal's Ease of Doing Business Index score was 56.0 in 2020.
- The country ranks 123rd out of 190 economies globally on this metric.
- Senegal has improved its index score by over 10 points since 2015.
FAQs
Q: What does this economic trend measure?
A: The Ease of Doing Business Index for Senegal measures the country's regulatory environment and its impact on business operations, including factors like starting a company, obtaining construction permits, and enforcing contracts.
Q: Why is this trend relevant for users or analysts?
A: This index provides valuable insights into Senegal's competitiveness for foreign investment and economic development, which are crucial for policymakers, investors, and businesses seeking to understand the country's business climate.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local experts and businesses in Senegal.
Q: How is this trend used in economic policy?
A: Policymakers in Senegal use this index to benchmark the country's progress against regional peers and identify areas for regulatory reform to improve the business environment.
Q: Are there update delays or limitations?
A: The Ease of Doing Business Index for Senegal is published annually, with the latest data available for 2020.
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Citation
U.S. Federal Reserve, Ease of doing business index for Senegal (ICBUSEASEXQSEN), retrieved from FRED.