Regulatory (including competition) quality

Captures perceptions of the ability of the government to formulate and implement sound policies and regulations that permit and promote private sector development.

Strength of insolvency framework

The strength of insolvency framework index is based on four domains, including commencement of proceedings, management of debtor's assets, reorganisation proceedings and creditor participation.

Prevalence of foreign ownership

Score based on responses to the World Economic Forum, Executive Opinion Survey question 'In your country, how prevalent is foreign ownership of companies'? This score has been normalised (rescaled to lie between 0 and 100) to ensure all data are expressed using the same scale.

Product market regulatory score, network sectors

A survey-generated score for a country's regulatory management practices across the following domains: independence, scope of action, and accountability.

Effect of taxation on incentives to invest

Score based on responses to the World Economic Forum, Executive Opinion Survey question 'In your country, to what extent do taxes reduce the incentive to invest? The index component is scored from 1-7 (with 1 = to a great extent; 7 = not at all).

Investment promotion agency

Whether an investment/trade agency exists to promote and coordinate foreign investment in the local market.

Cost to start a business

Cost to start a business as recorded as a percentage of the economy's income per capita. It includes all official fees and fees for legal or professional services if such services are required by law.

Quality of land administration

The reliability and transparency of data such as land titles, and the extent of geographic coverage of land administration systems as well as aspects of dispute resolution for land issues.

Time required to start a business

The total number of days required to register a firm. The measure captures the median duration that corporation lawyers indicate is necessary to complete a procedure with minimum follow-up with government agencies and no extra payments.

Registering property

Number of days taken to register a property to gauge the efficiency and cost of the registration process.

Dealing with construction permits

The number of days to deal with construction permits to gauge the efficiency and cost of processes that infrastructure companies have to undertake.

Preparation of PPPs

Good practices that help ensure that the decision to procure a PPP is justified and that the procuring authority is ready to initiate the procurement process.

Published infrastructure plan

Whether the country has a multi-sector approach to planning future infrastructure in an integrated way.

Published project pipeline

Whether the country has sufficiently articulated its prioritisation of projects through the public release of an infrastructure project pipeline

Economic analysis assessment

The process of identifying, calculating and comparing the costs and benefits of a proposal in order to evaluate its merit, either absolutely or in comparison with alternatives.

Market sounding and/or assessment

A structured dialogue between the private and the public sectors to test viability to the project's details and obtain feedback on how aspects of the project should be defined to ensure private sector participation and foster competition.

Environmental impact analysis

Baseline on existing environmental conditions and estimate of the impact of future operations on the environment.

Published infrastructure procurement guidelines

How well documented and prescriptive the procurement process is.

Transparency in public procurement

Transparency of the process for the award of public contracts.

Procurement of PPPs

How clear, fair and transparent the PPP procurement process is.

PPP contract management

Management of PPP contract changes or cancellation, as well as the process to close the contract at the completion of the PPP project.

Average procurement duration – transaction RFP

The time from public announcement of a project to the award of a contract. Shorter periods have higher scores.

Infrastructure investment

Total economic infrastructure expenditure, based on government and multi-lateral development agency estimates.

Value of closed PPP infrastructure deals

Financial close value of privately financed PPP infrastructure.

Private infrastructure investment

Financial close value of privately financed economic infrastructure.

Value of close infrastructure deals with foreign equity sponsorship

Financial close value of privately financed infrastructure transactions with equity from foreign investors (excludes refinancing transactions).

Summary credit rating

Capability of the government to borrow money, based on a range of risks and factors, such as existing government debt (debt service ratio) and political stability.

GDP per capita

Breaks down a country's GDP per person. It shows how much economic production value can be attributed to each individual citizen.

Long term GDP growth trend

Trend of GDP growth, including long-term baseline projections.

Gross government debt

Gross debt consists of all liabilities that require payment or payments of interest and/or principal by the government to creditors at a date or dates in the future.

Financial depth

Overall level and breadth of the financial market, to sustain relatively large market orders

Domestic credit to private sector

Financial resources provided to the private sector by financial corporations, such as through loans or securities. The measure considers the current level of credit to the private sector.

Stocks traded

The value (or total number) of shares traded, both domestic and foreign.

Financing through local equity market

Degree of participation by local equity participants, such as pension funds, sovereign wealth funds and fund managers.

Financial stability

State of the financial market, such as whether the system is resistant to economic shocks.