Ecuador—Average Firm Age (years)
Category: Private SectorSource: World Bank World Development IndicatorsGlobal Rank: #38 of 116
Latest Value
26 years
2024
YoY Change
-9.9%
2017 → 2024
Global Rank
#38
of 116 countries
Maximum
30 years
2010
Minimum
20 years
2006
CAGR
+1.6%
4 years
Last
26 years
Previous
29 years
Highest
30 years
Lowest
20 years
Source
World Bank World Development Indicators
Source: World Bank World Development Indicators
Historical Data
| Year | Value | Change |
|---|---|---|
| 2024 | 26 years | -9.9% |
| 2017 | 29 years | -2.7% |
| 2010 | 30 years | +50.8% |
| 2006 | 20 years |
Top Countries — Average Firm Age (years)
About This Indicator
Definition
The average wait, in days, to obtain an operating license, from the day of the application to the day it was granted.
Methodology
Data compiled by Enterprise Surveys, World Bank (WB), uri: https://www.enterprisesurveys.org/en/data.
Source: World Bank - World Development IndicatorsView original source →