BRICS
How do the BRICS rank on a global scale
Regulation is a reality businesses face every day. According to the Doing Business 2014 report by the World Bank, the global average of starting a business takes 7 procedures, 25 days and costs 32% of income per capita in fees. However, this is not as rosy as it should be for the BRICS economies. This data is equally critical for the geospatial industry.
21%
Where do BRICS stand in the Doing Business Rankings
116 Brazil
Starting a business in Brazil needs 13 procedures to be followed and takes up to three and half months to complete the process.
2 Change in rank from 2013
City covered: Sao Paulo
BRICS countries share of global GDP
Requirement
DB* Rank 2014
Procedures to be followed
Time taken (days)
Construction permits
130
15
400
Getting electricity
14
4
58
Registering property
107
14
30
43%
BRICS share of world population
*Doing Business
92 Russia
Russia ranks 3rd in the list of top 10 economies improving across three or more areas, especially in starting a business, dealing with construction permits and getting electricity. City covered: Moscow
Requirement
DB Rank 2014
Procedures to be followed
19 30% Change in rank from 2013
BRICS share in global land area
Time taken (days)
Construction permits
178
36
297
Getting electricity
117
5
162
Registering property
17
4
22
Geospatial World January 2014 / 45