Indicator Definition:
The time captures the median duration that local experts indicate is necessary to complete a procedure in practice. It is calculated in calendar days. The time estimates of all procedures are added to calculate the total time required to complete each procedure, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day.
The indicator "Dealing with construction permits: Time (days)" stands at 126.00 as of 12/31/2019, the lowest value at least since 12/31/2006, the period currently displayed.
Regarding the One-Year-Change of the series, the current value constitutes a decrease of -6.67 percent compared to the value the year prior.
The 1 year change in percent is -6.67.
The 3 year change in percent is -6.67.
The 5 year change in percent is -16.56.
The 10 year change in percent is -44.49.
| Measure | Realization |
| Indicator Name: | Dealing with construction permits: Time (days) |
| Indicator Source: | | macro-rankings.com |
| Indicator Description: | The time captures the median duration that local experts indicate is necessary to complete a procedure in practice. It is calculated in calendar days. The time estimates of all procedures are added to calculate the total time required to complete each procedure, taking into account simultaneity of processes. It is assumed that the minimum time required for each procedure is one day, except for procedures that can be fully completed online, for which the time required is recorded as half a day. |
| Observations Date: | 12/31/2005 |