Israel Climbs Five Spots in World Bank’s Annual Ease of Doing Business Index

Israel has climbed five spots on the 2019 Doing Business index published by the World Bank on Wednesday. Israel is now ranked 49 out of 190 countries, following a seven-year downward trend. Published annually, the index analyzes a variety of criteria, including government regulation, access to electricity, availability of financing, and taxation to determine a country’s ease of doing business ranking. New Zealand is ranked first this year, followed by Singapore, Denmark, Hong Kong, and South Korea. The U.S. is ranked eighth directly followed by the U.K.