1
Cost to complete activities – by region
Europe is the cheapest region, whilst MEA is the most expensive.
Overall, global average costs reduced by 4% compared to 2022.
2
Time to complete activities – by region
North America is the quickest region, whilst MEA is the slowest.
Overall, global average time increased by 48% compared to 2022.
3
Cost to complete activities – by jurisdiction
The cheapest jurisdiction is Malaysia followed by Sri Lanka and Jersey.
The most expensive is Senegal, followed by South Korea and Saudi Arabia.
4
Time to complete activities – by jurisdiction
The fastest jurisdiction is Ecuador, followed by Uruguay and Costa Rica.
The slowest jurisdiction is Slovenia followed by Norway and Ghana.
Overall, when considering both cost and time, Malaysia emerges as top jurisdiction, followed by Australia and Singapore.
The bottom jurisdictions are Taiwan, Vietnam and Norway.