Friday 18 June 2021

Doing Business in Central America: Have We Improved?

Guatemala was the only country in the region that improved its position in the global ranking monitoring businessmen’s conditions for doing business, while the others went backwards.

According to the World Bank “Doing Business 2020” report, which measures the regulations that favor or restrict the development of business activity in different countries, thi is the situation in Central America:

After having reported in the 2020 report a degradation in the global ranking when going from position 61 to 67, in the last report, Costa Rica worsened, falling from position 67 to 74. However, the country continues to be the best-positioned country in Central America. See: “Costa Rica in the Doing Business 2020 report”

- Advertisement -

Nicaragua is the worst positioned country in Central America, as in the 2020 report it ranked 142nd. Its fall of ten positions in the latest ranking is complemented by the decline from 127th to 131st position recorded in the 2018 report. See “Nicaragua in the Doing Business 2020 report”

Panama is the second-ranked country in the region because although the global ranking registered negative variations with respect to the previous year’s report, falling from 79th to 86th place, it is the economy that follows Costa Rica’s footsteps. See: “Panama in the Doing Business 2020 report”

After the great progress made by El Salvador between 2016 and 2017, when it rose from 95th to 73rd position, the 2020 report reports a decline from 85th to 91st position in the global index. See “El Salvador in the Doing Business 2020 report”

Guatemala is the fourth-best positioned economy in the region, ranking 96th in the global ranking. This was the only economy that improved since in the 2019 report it was ranked in box 98. See “Guatemala in the Doing Business 2020 report”

- Advertisement -

Honduras continued to decline in the global ranking, given that in the most recent report it ranked 133, which is equivalent to a drop of 12 places from the position it was in in the last report, reflecting the deterioration in the conditions for doing business in this country. See “Honduras in the Doing Business 2020 report”

- Advertisement -

FACT CHECK:
We strive for accuracy in its reports. But if you see something that doesn’t look right, send us an email. The Q reviews and updates its content regularly to ensure it’s accuracy.

Q Costa Rica
Reports by QCR staff

Related Articles

Plate rupture has potential for stronger quakes

QCOSTARICA - The 5.7-magnitude tremor, felt at 5:27 pmon Thursday, occurred...

The US improves travel alerts for Central America; Not Costa Rica and Nicaragua

QCOSTARICA - The United States has eased travel advisories for most...

MOST READ

Bribed with cars, sexual favors and money in exchange for road works contracts

QCOSTARICA - The OIJ uncovered a big pothole on Monday when it was announced that public officials had allied with construction companies that, apparently,...

American woman found lifeless in hotel bathroom in Sabana

QCOSTARICA - A sad discovery occurred this Thursday morning in a hotel located in La Sabana, in San José, the lifeless body of a...

Opinion: Peru’s electoral drama is damaging democracy

Q REPORTS (DW) In Peru, the left-wing village school teacher Pedro Castillo has in all probability been elected the new president. The fact that...

Today’s Vehicle Restriction June 15: 3 & 4 CANNOT circulate

Today, Tuesday, June 15, vehicles with plates ending 3 & 4 CANNOT circulate The measure is countrywide and applied between 5:00 am and 9:00 pm,...

“Caso Cochinilla”: Name arose when comparing parasite with hidden corruption

QCOSTARICA - On Monday, the Organismo de Investigacion Judicial (OIJ) moved to the raid, seize and arrest of their investigation into corruption of public...

Plate rupture has potential for stronger quakes

QCOSTARICA - The 5.7-magnitude tremor, felt at 5:27 pmon Thursday, occurred in a maritime zone with the potential for stronger earthquakes, explained Ivonne Arroyo,...

Fifth tropical wave precipitation will be heavier in the north of the country

QCOSTARICA - For this Wednesday, the arrival of the fifth tropical wave of the season is expected, thus reinforcing the rainy activity mainly to...

Europe opens the doors to tourism, these are the requirements

Q TRAVEL - Europe opened the doors to tourism. While worldwide vaccination against covid-19 advances above the levels of each country, the restrictions are...

On Monday the vehicle restriction will change, again

QCOSTARICA - In times of pandemic, things change constantly, especially when it is necessary to tighten the belt to reduce the contagion of covid-19. The...

WANT TO STAY UP TO DATE WITH THE LATEST!

Get our daily newsletter with the latest posts directly in your mailbox. Click on the subscribe and fill out the form. It's that simple!

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.