Ease of doing business index for Thailand
ICBUSEASEXQTHA • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
21.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Thailand measures the country's regulatory environment and how it supports or impedes business operation and growth. This key economic indicator is closely monitored by policymakers and investors assessing Thailand's business climate.
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 is an aggregate measure calculated by the World Bank. It evaluates a range of business regulations, such as starting a company, obtaining construction permits, accessing credit, and resolving insolvency. The index provides a relative ranking of economies to benchmark their performance against global peers.
Methodology
The data is collected through surveys of local experts and verified through additional research.
Historical Context
Governments and international organizations use the index to identify reform priorities and track progress in improving the regulatory environment for private enterprise.
Key Facts
- Thailand ranked 27th out of 190 economies in the 2020 Ease of Doing Business index.
- The index score ranges from 0 (lowest) to 100 (highest), with Thailand scoring 80.1 in 2020.
- Starting a business in Thailand takes an average of 4.5 days, lower than the OECD high-income average of 9.2 days.
FAQs
Q: What does the Ease of Doing Business index for Thailand measure?
A: The index measures the quality of Thailand's business regulatory environment, including factors like starting a company, getting construction permits, accessing credit, and resolving insolvency.
Q: Why is the Ease of Doing Business index relevant for users and analysts?
A: The index provides a comprehensive assessment of Thailand's competitiveness and business climate, which is crucial information for investors, policymakers, and economists analyzing the country's economic potential and growth prospects.
Q: How is the Ease of Doing Business data for Thailand collected and calculated?
A: The data is gathered through surveys of local experts and verified through additional research by the World Bank.
Q: How is the Ease of Doing Business index used in economic policy and decision-making?
A: Governments and international organizations use the index to identify areas for regulatory reform and track progress in improving the business environment to attract investment and support private sector development.
Q: Are there any limitations or delays in the Ease of Doing Business data for Thailand?
A: The index is published annually, so there may be a delay of up to a year between the reference period and the release of the latest data. Additionally, the methodology and indicator set are subject to periodic revisions by the World Bank.
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Citation
U.S. Federal Reserve, Ease of doing business index for Thailand (ICBUSEASEXQTHA), retrieved from FRED.