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Labor & Business · Glossary

Cost of business start-up procedures (% of GNI per capita)

IC.REG.COST.PC.ZS

Definition

Cost to register a business is normalized by presenting it as a percentage of gross national income (GNI) per capita.

Methodology for Labor & Business indicators

Labor market indicators rely on household labor force surveys, which are conducted infrequently in many countries — annual data for some economies is partly modeled. Unemployment rates are particularly sensitive to definitions (ILO-standard versus national-standard, including or excluding discouraged workers). Informal-sector employment is undercounted in many low-income economies.

How to interpret

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