Thailand drops a notch in the ‘ease of doing business’ world ranking

The World Bank has declared that Thailand's ranking for ease of doing business has dropped to 27th, one place down from last years position at 26th. Thailand's Ease of Doing Business (EODB) score, which is a measure of a country's progress towards the global best practice, reached 78.45, which was actually up from 77.39 last year. The reason for the drop in position has been that other countries have out-performed Thailand.

Thailand remains among the top 30 of 190 economies in the ranking according the World Bank Group's Doing Business 2019 report.

“Doing Business 2019 is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. Doing Business presents quantitative indicators on business regulation and the protection of property rights that can be compared across 190 economies—from Afghanistan to Zimbabwe, and over time. Regulations affecting 11 areas of the life of a business are covered: starting a business, dealing with construction permits, getting electricity, registering property, getting credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, resolving insolvency and labor market regulation.”

Fake News? Here's The Methodology

In the (hopefully ending) era of fake news, it's important to be aware of the method to achieve these results so below is a table of how the World Bank comes measures the EODB.

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