Nepal one of the toughest places to do business as per World Bank; Ranks at 110 among 190 economies

Thu, Nov 1, 2018 12:10 PM on Corporate, Economy, Latest, Others,

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World Bank had recently published the ‘Doing Business’ report 2019. This report takes considers various aspects relating to starting and running a business in each of 190 economies of the world and ranks them accordingly.

Among 190 economies of the world, Nepal stands at 110^th place in terms of ease of doing business. Last year, Nepal stood at 105^th place in this aspect. Among eight south Asian countries, Nepal stands at fourth place in this aspect. In South Asian region, India stands at the first place in this aspect. India ranks at 77^th place among the economies of the world followed by Bhutan at 81^st place. Sri Lanka achieved a rank of 100^th place making it third among south Asian countries. Nepal with rank of 110^th place comes fourth followed by Pakistan with rank of 136^th place. Maldives, Afghanistan and Bangladesh are at the bottom three places among south Asian countries with ranks 139, 167 and 176 respectively.

Considering the ease of starting a business, Afghanistan stands ahead among south Asian countries with 49^th rank, followed by Maldives with 71^st rank. Sri Lanka bags third place is this aspect with 83^rd rank followed by Bhutan with 91^st rank. Nepal stands at fifth place in this aspect with 107^th rank. The bottom three countries in this aspect are Pakistan, India and Bangladesh with ranks 130, 137 and 138 respectively.

In terms of ease of getting electricity, Nepal stands at fourth place among south Asian countries with 137^th rank behind India (24th), Bhutan (73rd) and Sri Lanka (84th).

Similarly, this report from World Bank considers various other aspects and on the basis of performance on each aspect, assigns a rank and a score to each economy of the world. The overall rank and score of Nepal regarding different aspects is as follows: