West Bank and Gaza Report
Entrepreneurial Missions Index
3,937,309 (120th most populous country in the world)
|Christian and Other||8%|
Small-scale manufacturing, quarrying, textiles, soap, olive-wood carvings, and mother of pearl souvenirs
Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about West Bank and Gaza, visit https://www.cia.gov/library/publications/the-world-factbook/geos/gz.html.
Business InformationThe World Bank ranks West Bank and Gaza as 0 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.
It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in West Bank and Gaza.
The World Bank ranks West Bank & Gaza as 139th out of 183 economies in terms of ease of doing business. The country ranks as 176th (of 183) in terms of ease of starting a business.
It requires 11 procedures, takes 49 days, and costs 55% of income per capita to start a business in West Bank & Gaza.
In order to start a business in West Bank & Gaza, one must follow these procedures:
- Search for company name and reserve proposed name
- Local lawyer signs company documents
- Submit company incorporation papers and obtain temporary copy of certificate of registration from Ministry
- Deposit initial capital
- Register with Companies Registry
- Payment of registration fee
- Register for income and VAT tax
- Register with Chamber of Commerce
- Obtain business license from municipality
- Obtain approval from fire department
- Obtain and legalize special company books
The World Economic Forum (WEF) was founded in 1971 by Klaus Martin Schwab at the University of Geneva in Switzerland. It is a non-profit foundation best known for its annual meeting in Davos, Switzerland, which brings together top business leaders, international political leaders, selected intellectuals and journalists to discuss both economic and social issues facing the world. The WEF also serves as a think tank, and publishes a wide range of reports focusing on issues of concern and importance to Forum communities. In particular, Strategic Insight Teams focus on producing reports of relevance in the fields of competitiveness, global risks and scenario thinking. The Global Competitiveness Report measures competitiveness of countries and economic competitiveness among a wide range of factors such as corruption, tax rates, work ethic, and many others.
West Bank and Gaza Economic Freedom
The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period
Their measure of economic freedom is based on that the following standards:
- Personal choice rather than collective choice,
- Voluntary exchange coordinated by markets rather than allocation via the political process,
- Freedom to enter and compete in markets, and
- Protection of persons and their property from aggression by others.
A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.
West Bank and Gaza Summary
2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.