6th pillar: Goods market efficiency - Doing business - Development outcomes - African Development Indicators
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Two types of data are used in the GCI: (a) Survey data:These data are the results drawn from the World Economic Forum’s Executive Opinion Survey. (b) Hard data: These data come from indicators obtained from a variety of sources. This indicator is a derived from the following indicators: - (a) Intensity of local competition (b) Extent of market dominance (c) Effectiveness of anti-monopoly policy (d) Extent and effect of taxation (e) Total tax rate* (f) No. of procedures required to start a business* (g) Time required to start a business* (h) Agricultural policy costs (i) Prevalence of trade barriers (j) Tariff barriers* (k) Prevalence of foreign ownership (l) Business impact of rules on FDI (m) Burden of customs procedures (n) Degree of customer orientation (o) Buyer sophistication Data source from survey data while asterisk (*) implies that data source are hard data. For descriptions of variables and detailed sources, please refer to "How to Read the Competitivenss Profiles". Source: http://gcr.weforum.org/
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South Africa