Dealing with construction permits: Cost (% of Warehouse value) for the Philippines

Indicator Definition:
The cost records all official costs associated with completing the procedures to legally build a warehouse, including the costs associated with obtaining land use approvals and preconstruction design clearances; receiving inspections before, during and after construction; obtaining utility connections; and registering the warehouse at the property registry. It is calculated as a percentage of the warehouse value. Nonrecurring taxes required for the completion of the warehouse project are also recorded. Sales taxes (such as value added tax) or capital gains taxes are not recorded. Nor are deposits that must be paid up front and are later refunded.

The indicator "Dealing with construction permits: Cost (% of Warehouse value)" stands at 2.30 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 -8.00 percent compared to the value the year prior.
The 1 year change in percent is -8.00.
The 3 year change in percent is -20.69.
The 5 year change in percent is -25.81.
The 10 year change in percent is -54.00.

The Serie's long term average value is 4.19. It's latest available value, on 12/31/2019, is 45.06 percent lower, compared to it's long term average value.
The Serie's change in percent from it's minimum value, on 12/31/2019, to it's latest available value, on 12/31/2019, is +0.0%.
The Serie's change in percent from it's maximum value, on 12/31/2006, to it's latest available value, on 12/31/2019, is -65.15%.