Philippines Tax Revenue: % of GDP

1985 - 2022 | Quarterly | % | CEIC Data

Key information about Philippines Tax revenue: % of GDP

  • Philippines Tax revenue: % of GDP was reported at 15.6 % in Jun 2022.
  • This records an increase from the previous number of 14.2 % for Mar 2022.
  • Philippines Tax revenue: % of GDP data is updated quarterly, averaging 12.7 % from Mar 1985 to Jun 2022, with 150 observations.
  • The data reached an all-time high of 16.8 % in Jun 1997 and a record low of 8.1 % in Sep 1986.
  • Philippines Tax revenue: % of GDP data remains active status in CEIC and is reported by CEIC Data.
  • The data is categorized under World Trend Plus’s Global Economic Monitor – Table: Tax Revenue: % of Nominal GDP: Quarterly: Asia.

CEIC calculates quarterly Tax Revenue as % of Nominal GDP from monthly Tax Revenue and quarterly Nominal GDP. The Bureau of the Treasury provides Tax Revenue in local currency. Philippine Statistics Authority provides Nominal GDP in local currency.

View Philippines's Tax Revenue: % of GDP from Mar 1985 to Jun 2022 in the chart:

Philippines Tax Revenue: % of GDP

What was Philippines's Tax Revenue: % of GDP in Jun 2022?

Philippines Tax revenue: % of GDP was reported at 15.6 % in Jun 2022. See the table below for more data.

Last Previous Min Max Unit Frequency Range
15.6 Jun 2022 14.2 Mar 2022 8.1 Sep 1986 16.8 Jun 1997 % quarterly Mar 1985 - Jun 2022

Tax Revenue: % of GDP by Country Comparison

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country/region Last Frequency Range
Albania (%) 19.3 2021 yearly 2008 - 2021
Algeria (%) 5.8 2018 yearly 1997 - 2018
Argentina (%) 15.3 Mar 2022 quarterly Mar 2004 - Mar 2022
Armenia (%) 25.4 Mar 2022 quarterly Mar 2008 - Mar 2022
Australia (%) 31.4 Jun 2022 quarterly Sep 2002 - Jun 2022
Austria (%) 26.3 Mar 2022 quarterly Mar 2001 - Mar 2022
Azerbaijan (%) 15.4 2020 yearly 1993 - 2020
Bahrain (%) 3.7 2021 yearly 1990 - 2021
Bangladesh (%) 7.9 2021 yearly 2006 - 2021
Belarus (%) 22.1 Sep 2021 quarterly Mar 2009 - Sep 2021
Belgium (%) 29.8 2021 yearly 1980 - 2021
Bolivia (%) 18.3 2018 yearly 1990 - 2018
Bosnia and Herzegovina (%) 21.5 2020 yearly 2005 - 2020
Botswana (%) 21.9 Mar 2022 quarterly Jun 2007 - Mar 2022
Brazil (%) 16.6 Jun 2022 quarterly Sep 1994 - Jun 2022
Brunei (%) 1.8 2021 yearly 2010 - 2021
Bulgaria (%) 31.7 Jun 2022 quarterly Mar 2003 - Jun 2022
Cambodia (%) 16.3 2021 yearly 2013 - 2021
Canada (%) 13.1 Jun 2022 quarterly Mar 1996 - Jun 2022
Chile (%) 20.4 2021 yearly 1990 - 2021
China (%) 11.3 Jun 2022 quarterly Mar 1995 - Jun 2022
Colombia (%) 17.2 Jun 2022 quarterly Mar 2000 - Jun 2022
Croatia (%) 25.8 Dec 2019 quarterly Mar 2015 - Dec 2019
Cyprus (%) 25.0 Mar 2022 quarterly Mar 1995 - Mar 2022
Czech Republic (%) 17.8 Mar 2022 quarterly Mar 1995 - Mar 2022
Denmark (%) 43.0 Mar 2022 quarterly Mar 1999 - Mar 2022
Ecuador (%) 14.4 Mar 2022 quarterly Mar 2000 - Mar 2022
Egypt (%) 5.5 2020 yearly 2005 - 2020
Estonia (%) 19.5 Mar 2022 quarterly Mar 2000 - Mar 2022
European Union (%) 26.9 2021 yearly 1995 - 2021
Finland (%) 32.5 Mar 2022 quarterly Mar 1999 - Mar 2022
France (%) 18.5 Jun 2022 quarterly Mar 2006 - Jun 2022
Georgia (%) 22.0 Jun 2022 quarterly Mar 2006 - Jun 2022
Germany (%) 24.5 Mar 2022 quarterly Mar 1991 - Mar 2022
Ghana (%) 9.2 Mar 2022 quarterly Mar 2008 - Mar 2022
Greece (%) 22.6 Mar 2022 quarterly Mar 1999 - Mar 2022
Hong Kong SAR, China (%) 7.5 Jun 2022 quarterly Sep 1979 - Jun 2022
Hungary (%) 25.7 Mar 2022 quarterly Mar 1999 - Mar 2022
Iceland (%) 31.7 Mar 2022 quarterly Mar 2002 - Mar 2022
India (%) 7.8 Jun 2022 quarterly Jun 1997 - Jun 2022
Indonesia (%) 12.9 Jun 2022 quarterly Mar 2014 - Jun 2022
Iran (%) 5.9 2019 yearly 1996 - 2019
Ireland (%) 15.7 Mar 2022 quarterly Mar 2000 - Mar 2022
Israel (%) 25.3 Jun 2022 quarterly Mar 2001 - Jun 2022
Italy (%) 24.9 Mar 2022 quarterly Mar 1999 - Mar 2022
Ivory Coast (%) 12.0 2018 yearly 1960 - 2018
Japan (%) 15.7 Jun 2022 quarterly Jun 1983 - Jun 2022
Jordan (%) 15.3 2018 yearly 1999 - 2018
Kazakhstan (%) 23.7 Mar 2022 quarterly Mar 2008 - Mar 2022
Kenya (%) 6.2 2020 yearly 2006 - 2020
South Korea (%) 19.8 Jun 2022 quarterly Mar 2000 - Jun 2022
Kosovo (%) 27.7 Mar 2022 quarterly Mar 2010 - Mar 2022
Kuwait (%) 1.5 2020 yearly 1986 - 2020
Kyrgyzstan (%) 124.6 Jun 2022 quarterly Mar 2007 - Jun 2022
Laos (%) 10.0 2021 yearly 2012 - 2021
Latvia (%) 19.7 Dec 2021 quarterly Mar 1999 - Dec 2021
Lebanon (%) 10.9 2020 yearly 1998 - 2020
Lithuania (%) 22.5 Dec 2021 quarterly Mar 1999 - Dec 2021
Luxembourg (%) 27.2 2021 yearly 1995 - 2021
Macau SAR, China (%) 20.0 2021 yearly 2002 - 2021
North Macedonia (%) 17.0 Jun 2022 quarterly Mar 2004 - Jun 2022
Malawi (%) 11.7 2020 yearly 2009 - 2020
Malaysia (%) 11.4 Mar 2022 quarterly Mar 1991 - Mar 2022
Malta (%) 23.3 Mar 2022 quarterly Mar 2000 - Mar 2022
Mauritius (%) 18.8 Mar 2022 quarterly Mar 2010 - Mar 2022
Mexico (%) 16.2 Mar 2022 quarterly Mar 1993 - Mar 2022
Moldova (%) 19.9 2020 yearly 2004 - 2020
Mongolia (%) 21.0 Jun 2022 quarterly Mar 2000 - Jun 2022
Montenegro (%) 29.2 Mar 2022 quarterly Mar 2012 - Mar 2022
Morocco (%) 24.6 Mar 2022 quarterly Mar 2007 - Mar 2022
Mozambique (%) 18.4 2016 yearly 1996 - 2016
Myanmar (%) 4.5 2021 yearly 2005 - 2021
Nepal (%) 19.1 2018 yearly 2001 - 2018
Netherlands (%) 29.9 Mar 2022 quarterly Mar 1999 - Mar 2022
New Zealand (%) 31.7 2021 yearly 1999 - 2021
Norway (%) 35.3 Mar 2022 quarterly Mar 2002 - Mar 2022
Oman (%) 3.6 2020 yearly 1996 - 2020
Pakistan (%) 5.7 2021 yearly 2000 - 2021
Palestinian Territory (%) 21.4 2020 yearly 2005 - 2020
Panama (%) 8.4 Jun 2022 quarterly Mar 2007 - Jun 2022
Paraguay (%) 9.0 Mar 2022 quarterly Mar 1998 - Mar 2022
Peru (%) 19.7 Jun 2022 quarterly Mar 1990 - Jun 2022
Philippines (%) 15.6 Jun 2022 quarterly Mar 1985 - Jun 2022
Poland (%) 17.5 Jun 2022 quarterly Mar 2007 - Jun 2022
Portugal (%) 23.4 Mar 2022 quarterly Mar 1999 - Mar 2022
Russia (%) 24.9 Jun 2022 quarterly Mar 1996 - Jun 2022
Serbia (%) 42.1 Jun 2022 quarterly Mar 2005 - Jun 2022
Singapore (%) 15.4 Jun 2022 quarterly Dec 1987 - Jun 2022
Slovakia (%) 15.7 Jun 2022 quarterly Mar 2005 - Jun 2022
Slovenia (%) 22.4 Jun 2022 quarterly Mar 2000 - Jun 2022
South Africa (%) 24.6 Jun 2022 quarterly Mar 1990 - Jun 2022
Spain (%) 24.5 2021 yearly 1995 - 2021
Sri Lanka (%) 8.0 Jun 2022 quarterly Mar 2014 - Jun 2022
Sudan (%) 4.0 2020 yearly 2001 - 2020
Sweden (%) 22.7 2021 yearly 1995 - 2021
Switzerland (%) 27.3 2019 yearly 1990 - 2019
Taiwan (%) 16.5 Jun 2022 quarterly Mar 1975 - Jun 2022
Tajikistan (%) 20.5 2016 yearly 2000 - 2016
Thailand (%) 13.3 2021 yearly 1990 - 2021
Tunisia (%) 24.6 2020 yearly 1991 - 2020

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Philippines Key Series

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Includes 263 key indicators for Philippines, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -7.9 Jun 2022 quarterly Dec 1985 - Jun 2022
Consolidated Fiscal Balance (USD mn) -1,552.319 Jul 2022 monthly Jan 1985 - Jul 2022
Tax Revenue (USD mn) 5,043.754 Jul 2022 monthly Jan 1985 - Jul 2022
Tax Revenue: % of GDP (%) 15.6 Jun 2022 quarterly Mar 1985 - Jun 2022
National Government Debt (USD mn) 231,289.6 Jul 2022 monthly Jan 1993 - Jul 2022
Government Debt: % of GDP (%) 62.1 Jun 2022 quarterly Mar 1993 - Jun 2022
Forecast: Government Expenditure (PHP bn) 7,838.262 2027 yearly 1989 - 2027
Forecast: Government Net Debt (PHP bn) 18,870.859 2027 yearly 1993 - 2027
Forecast: Government Revenue (PHP bn) 7,298.928 2027 yearly 1989 - 2027
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 544,225.000 Jun 2022 monthly Jan 2006 - Jun 2022
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 8,563,091.000 Jun 2022 monthly Jan 2006 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 11.010 2027 yearly 1980 - 2027
Trade Balance (USD mn) -5,927.2 Jul 2022 monthly Jan 1957 - Jul 2022
Total Exports (USD mn) 6,212.0 Jul 2022 monthly Jan 1979 - Jul 2022
Total Exports Growth (%) -4.2 Jul 2022 monthly Jan 1980 - Jul 2022
Aluminum: Exports (USD th) 197,201.409 2021 yearly 1995 - 2021
Exports: Medicament (USD th) 48,793.567 2021 yearly 1995 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 15,114.885 2021 yearly 1995 - 2021
Total Imports (USD mn) 12,139.1 Jul 2022 monthly Jan 1979 - Jul 2022
Total Imports Growth (%) 21.5 Jul 2022 monthly Jan 1980 - Jul 2022
Imports: Medicament (USD th) 1,465,896.403 2021 yearly 1995 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 2,362,025.291 2021 yearly 1995 - 2021
Total Exports to USA (USD mn) 1,056.382 Jul 2022 monthly Jan 1978 - Jul 2022
Total Imports from USA (USD mn) 679.096 Jul 2022 monthly Jan 1986 - Jul 2022
Total Exports to China (USD mn) 798.665 Jul 2022 monthly Jan 1984 - Jul 2022
Total Imports from China (USD mn) 2,427.123 Jul 2022 monthly Jan 1986 - Jul 2022
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 24.7 Jun 2022 monthly Jan 2005 - Jun 2022
Current Account Balance (USD mn) -2,521.4 Jun 2022 monthly Jan 1999 - Jun 2022
Current Account Balance: % of GDP (%) -7.7 Jun 2022 quarterly Mar 1981 - Jun 2022
Foreign Direct Investment (USD mn) 470.9 Jun 2022 monthly Jan 2005 - Jun 2022
Foreign Direct Investment: % of GDP (%) 2.1 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Portfolio Investment (USD mn) -1,023.660 Jun 2022 quarterly Mar 2005 - Jun 2022
Foreign Portfolio Investment: % of GDP (%) -1.0 Jun 2022 quarterly Dec 1980 - Jun 2022
Foreign Portfolio Investment: Equity Securities (USD mn) -627.8 Jun 2022 quarterly Mar 1996 - Jun 2022
Foreign Portfolio Investment: Debt Securities (USD mn) -395.852 Jun 2022 quarterly Mar 1977 - Jun 2022
External Debt (USD mn) 107,692.1 Jun 2022 quarterly Mar 2005 - Jun 2022
External Debt: % of GDP (%) 27.0 2021 yearly 1990 - 2021
External Debt: Short Term (USD mn) 13,997.7 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: Short Term: % of GDP (%) 3.8 2021 yearly 2005 - 2021
Forecast: Current Account Balance (USD bn) -10.984 2027 yearly 1980 - 2027
Net International Investment Position (USD mn) -31,587.543 Mar 2022 quarterly Dec 2012 - Mar 2022
BoP: Change in Reserve Assets: Debit (USD mn) -1,589.679 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 470.918 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: Financial Account (FA) (USD mn) -1,407.209 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Secondary Income (USD mn) 2,565.760 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 480.180 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Export (USD mn) 11,931.271 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: Current Account (CA) (USD mn) -2,521.387 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Services: Credit: Export (USD mn) 3,423.474 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 528.957 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Secondary Income: Debit: Payments (USD mn) 57.007 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Services: Debit: Import (USD mn) 2,322.004 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: Net Acquisition of Financial Assets (USD mn) -441.719 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: Portfolio Investment (PI) (USD mn) 462.399 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,012.231 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: Financial Derivatives (FD) (USD mn) -109.892 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Primary Income (USD mn) 276.711 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -162.058 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Goods: Debit: Import (USD mn) 11,539.881 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -45.196 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 66.558 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: Other Investments (OI) (USD mn) -1,313.472 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -1,540.412 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: FA: Net Incurrence of Liabilities (USD mn) 965.490 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Goods: Credit: Export (USD mn) 4,872.799 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: Capital Account (CA) (USD mn) 5.959 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Import (USD mn) 14,332.065 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,469.406 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Primary Income: Debit: Payments (USD mn) 533.765 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 24.674 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Credit: Receipts (USD mn) 7.119 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Goods (USD mn) -6,028.551 Mar 2022 monthly Jan 2005 - Mar 2022
BoP: CA: Debit: Payments (USD mn) 1.159 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: CA: Services (USD mn) 1,101.470 Jun 2022 monthly Jan 2005 - Jun 2022
BoP: FA: Direct Investment (DI) (USD mn) -446.244 Jun 2022 monthly Jan 2005 - Jun 2022
External Debt: By Country Profile: Country: Japan (USD mn) 14,529.631 Mar 2022 quarterly Mar 2005 - Mar 2022
External Debt: By Country Profile: Country: UK (USD mn) 3,582.944 Jun 2022 quarterly Mar 2005 - Jun 2022
External Debt: By Country Profile: Country: France (USD mn) 805.714 Jun 2022 quarterly Mar 2005 - Jun 2022
External Debt: Medium and Long Term (USD mn) 93,785.482 Jun 2022 quarterly Mar 2005 - Jun 2022
External Debt: By Country Profile: Country: Germany (USD mn) 859.835 Jun 2022 quarterly Mar 2005 - Jun 2022
External Debt: By Country Profile: Country: USA (USD mn) 2,123.759 Jun 2022 quarterly Mar 2005 - Jun 2022
FDI: Approved: Transportation & Storage (PHP mn) 14,523.941 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Information & Communication (PHP mn) 19.893 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Administrative & Support Services (PHP mn) 3,749.977 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Real Estate Activities (PHP mn) 19,295.013 Jun 2022 quarterly Mar 2010 - Jun 2022
FDI: Approved: Manufacturing (PHP mn) 6,153.764 Jun 2022 quarterly Mar 2010 - Jun 2022
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.6 Jul 2022 monthly Jan 2013 - Jul 2022
Household Debt: % of GDP (%) 10.0 Jun 2022 quarterly Mar 2009 - Jun 2022
Non-Performing Loans (USD mn) 7,657.277 Jun 2022 quarterly Mar 2013 - Jun 2022
Money Supply M1 (USD mn) 112,844.735 Jul 2022 monthly Dec 1988 - Jul 2022
Money Supply M2 (USD mn) 265,999.843 Jul 2022 monthly Dec 1988 - Jul 2022
M2 Growth (%) 8.0 Jul 2022 monthly Dec 1989 - Jul 2022
Reserve Requirement Ratio (%) 12.0 Aug 2022 monthly May 1986 - Aug 2022
Foreign Exchange Reserves (USD mn) 84,503.9 Aug 2022 monthly Jan 1960 - Aug 2022
Foreign Exchange Reserves: Months of Import (NA) 7.1 Jul 2022 monthly Jan 1979 - Jul 2022
Gold Reserves (USD mn) 8,532.730 Aug 2022 monthly Dec 1956 - Aug 2022
Total Deposits (USD mn) 299,751.069 Jun 2022 quarterly Mar 2008 - Jun 2022
Total Deposits Growth (%) 7.5 Jun 2022 quarterly Mar 2009 - Jun 2022
Domestic Credit (USD mn) 282,630.4 Jul 2022 monthly Dec 2001 - Jul 2022
Domestic Credit Growth (%) 11.5 Jul 2022 monthly Dec 2002 - Jul 2022
Household Debt (USD mn) 37,517.5 Jun 2022 quarterly Mar 2009 - Jun 2022
Total Loans (USD mn) 198,098.505 Jul 2022 monthly Mar 2008 - Jul 2022
Total Loans Growth (%) 9.34 Jul 2022 monthly Mar 2009 - Jul 2022
Private Debt: % of Nominal GDP (%) 49.03 Jun 2022 quarterly Dec 2001 - Jun 2022
DCS: Domestic Claims (DC) (PHP mn) 15,748,731.706 Jul 2022 monthly Dec 2001 - Jul 2022
DCS: LA: M4: M3 (PHP mn) 15,377,976.681 Jul 2022 monthly Dec 2001 - Jul 2022
DCS: LA: M4: M3: M2 (PHP mn) 14,822,043.225 Jul 2022 monthly Dec 2001 - Jul 2022
DCS: LA: M4: M3: M2: M1 (PHP mn) 6,287,934.333 Jul 2022 monthly Dec 2001 - Jul 2022
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 12.000 Aug 2022 monthly May 1986 - Aug 2022
CL: PBS: Real Estate: Residential (PHP bn) 914.661 Jun 2022 quarterly Mar 2009 - Jun 2022
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 2,064.251 Jun 2022 quarterly Mar 2009 - Jun 2022
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) 6.7 Jun 2022 quarterly Jun 2002 - Jun 2022
Business Outlook: Index: Industry: Current Quarter (Point) 29.937 Jun 2022 quarterly Jun 2001 - Jun 2022
Business Outlook: Index: Services: Current Quarter (Point) 39.543 Jun 2022 quarterly Jun 2001 - Jun 2022
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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