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ENVIRONMENT AND MARKET

INSTITUTIONAL ENVIRONMENT

BUSINESS ENVIRONMENT

BUSINESS ENVIRONMENT

In order to keep the operation of economy in the 21st century, the existence of quality telecommunications and good use of the Internet are key factors.

In addition, the conditions that enable the digitalisation of companies must be in place. These are: a legal framework for digital enterprises, institutional transparency, a reduction in corruption and a favourable tax system.

FACILITY OF DOING BUSINESS

This indicator measures the capacity of public institutions to create a favourable regulatory environment for the development of business activity.

Spain ranks at an intermediate level (19 out of 39) in this area. Its position is in contrast with the one of the main digital leaders in Europe and with New Zealand, the country with the most favourable environment.

TAXES

This considers the taxation conditions of a country, that is, the overall tax rate. In this case, this is a reverse indicator, that is, the higher positions are occupied by the countries with the best taxation systems.

Spain ranks 27 out of 39, according to the World Bank and the consulting firm PwC. Luxembourg and Canada, among others are ahead of Spain.

*Reverse indicator: a maximum normalised value – 100 – has been allocated to the lowest value of the indicator -0-.

CORRUPTION INDEX

It measures the corruption level of a country’s institutions. In this case, the countries with the greatest transparency achieve scores closer to 100%.

In this sample, Spain, in particular, obtains 46.67%, quite a distance away from countries such as New Zealand, Denmark, France and Germany.

QUALITY OF INSTITUTIONS

The quality of the institutions indicates the competitiveness of a country in terms of its institutions.

According to the ‘Global Competitiveness Index’ report published by the World Economic Forum, Spain ranks 25th out of 39, ahead of Italy. The Nordic countries are the leaders in this area.

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