In 2020, Libya scored 33 points in the ease of doing business index. This was significantly lower than the average in the Middle East and North Africa, set at around 60. In fact, Libya does not offer a favorable environment for enterprises. The lowest scores, equal to zero, were reached in dealing with construction permits, registering property, getting credit, and resolving insolvency. On the other hand, the country's attractiveness was higher in terms of starting a business and trading across borders.
The ease of doing business (EODB) score captures the gap between an economy’s performance and is a measure of best practice across the entire sample of 41 indicators for 10 topics. The ranking complements the ease of doing business score by providing information about an economy’s performance in business regulation relative to the performance of other economies as measured by Doing Business. The ranking is out of 190 countries.
"An economy’s ease of doing business score is reflected on a scale from 0 to 100, where 0 represents the lowest and 100 represents the best performance. For example, an ease of doing business score of 75 in Doing Business 2019 means an economy was 25 percentage points away from the best regulatory performance constructed across all economies and across time. A score of 80 in Doing Business 2020 would indicate the economy is improving. "
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International Economics. (February 28, 2021). Ease of doing business in Libya in 2020, by topic [Graph]. In Statista. Retrieved December 24, 2024, from https://www.statista.com/statistics/1237948/ease-of-doing-business-in-libya-by-topic/
International Economics. "Ease of doing business in Libya in 2020, by topic ." Chart. February 28, 2021. Statista. Accessed December 24, 2024. https://www.statista.com/statistics/1237948/ease-of-doing-business-in-libya-by-topic/
International Economics. (2021). Ease of doing business in Libya in 2020, by topic . Statista. Statista Inc.. Accessed: December 24, 2024. https://www.statista.com/statistics/1237948/ease-of-doing-business-in-libya-by-topic/
International Economics. "Ease of Doing Business in Libya in 2020, by Topic ." Statista, Statista Inc., 28 Feb 2021, https://www.statista.com/statistics/1237948/ease-of-doing-business-in-libya-by-topic/
International Economics, Ease of doing business in Libya in 2020, by topic Statista, https://www.statista.com/statistics/1237948/ease-of-doing-business-in-libya-by-topic/ (last visited December 24, 2024)
Ease of doing business in Libya in 2020, by topic [Graph], International Economics, February 28, 2021. [Online]. Available: https://www.statista.com/statistics/1237948/ease-of-doing-business-in-libya-by-topic/