The annual report by the World Bank and IFC, Doing Business 2013, measures 185 economies on the ease of starting and operating a local business.
This year, the World Bank estimated that the UAE population consists of 7,890,924 people, who generally enjoy high income in comparison to counterparts in other countries around the world. The Gross Net Income per Capita is US $40,760 (AED150,000), according to the report.
In 2012, UAE was ranked 29th on the list with 185 economies. However, according to the summarized Doing Business 2013 data, the country moved three places higher to 26th place.
The next table summarizes the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.
As it visible from the data provided by the World Bank and IFC, getting credit and investors protection are only the factors that did not register an improvement during the past one year.
About the Doing Business report series
Doing Business analyzes regulations that apply to an economy’s businesses during their life cycle, including start-up and operations, trading across borders, paying taxes, and protecting investors. The aggregate ease of doing business rankings are based on 10 indicators and cover 185 economies. Doing Business does not measure all aspects of the business environment that matter to firms and investors. For example, it does not measure the quality of fiscal management, other aspects of macroeconomic stability, the level of skills in the labor force, or the resilience of financial systems. Its findings have stimulated policy debates worldwide and enabled a growing body of research on how firm-level regulation relates to economic outcomes across economies. This year’s report marks the 10th edition of the global Doing Business report series. For more information about the Doing Business report series, please visit www.doingbusiness.org.
About the World Bank Group
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.
