Madagascar's economic ranking
Madagascar is part of the 39 countries which reform has made business easier since 2006. It has established a One-stop shop and is one of the 10 top reformers in business start up. Madagascar changed publication formalities and dropped the validation of signatures at the mayor's office. It cut 10 procedures to 5, and the time from 3 weeks to 1.It's also the 7th of 40 countries in the sub-Saharan Africa Region as the Index of Economic Freedom shows. Registering a business takes average 4 days and freedom of foreign ownership is launched.
Ease of doing business (rank): 149GNI per capita (US$): 280
Population (m): 19.1
STARTING A BUSINESS (rank): 61
Procedures (number): 5
Time (days): 7
Cost (% of income per capita): 22.7
Minimum capital (% of income per capita): 333.4
PROTECTING INVESTORS (rank): 51
Extent of disclosure index (0-10): 5
Extent of director liability index (0-10): 6
Ease of shareholder suits index (0-10): 6
Strength of investor protection (0-10): 5.7
PAYING TAXES (rank): 86
Payments (number per year): 26
Time (hours per year): 238
Total tax rate (%of profit): 46.5
TRADING ACROSS BORDERS (rank): 126
Documents to export (number): 4
Time to export (days): 28
Cost to export (US$ per container): 1.182
Documents to import (number): 10
Time to import (days): 49
Cost to import (US$ per container): 1.282
ENFORCING CONTRACTS (rank): 151
Procedures (number): 38
Time (days): 871
Cost (% of claim): 42.4