This table provides metadata for the actual indicator available from Vanuatu statistics closest to the corresponding global SDG indicator. Please note that even when the global SDG indicator is fully available from Vanuatuan statistics, this table should be consulted for information on national methodology and other Vanuatu-specific metadata information.
| Proxy |
No |
|---|---|
| Definition |
The “Change in Volume of Business Licenses Issued to Ni-Vanuatu” indicator measures the year-over-year or period-over-period change in the total number of business licenses granted to Ni-Vanuatu individuals or entities. This indicator reflects the dynamism and growth of entrepreneurship and business activities among the indigenous population. |
| Concept |
This indicator tracks the fluctuations in the number of business licenses issued to Ni-Vanuatu, providing insights into the level of entrepreneurial activity within the indigenous community. The issuance of business licenses is often a prerequisite for operating a legal business, and an increase in the number of licenses issued suggests a growing interest in entrepreneurship and business formation among Ni-Vanuatu. Conversely, a decline might indicate barriers to entry, economic challenges, or a slowdown in business activity. |
| Disaggregation |
Business Industry |
| Rationale |
Monitoring the change in the volume of business licenses issued to Ni-Vanuatu is crucial for understanding the trends in local entrepreneurship and business development. An increase in the number of licenses suggests a healthy and expanding business environment, which can contribute to economic growth, job creation, and the empowerment of the local population. On the other hand, a decrease may highlight potential challenges such as economic downturns, regulatory obstacles, or a lack of access to capital. |
| Method of Computation |
To compute the “Change in Volume of Business Licenses Issued to Ni-Vanuatu,” first collect data on the total number of business licenses issued to Ni-Vanuatu individuals or entities during the current and previous periods. Then, calculate the change by subtracting the previous period’s total from the current period’s total. Express this as a percentage by dividing the change by the previous period’s total and multiplying by 100. This provides insights into the growth or decline in local entrepreneurship activity. Formula: Percentage Change in Volume of Business Licenses= (Number of Licenses (Current Period) – Number of Licenses (Previous Period)/Number of Licenses (Previous Period))*100 |
| Sustainable Development Goal Indicator Alignment |
8.3.1 |
| Unit of Measurement |
Percentage |
| Frequency of Collection |
Annually |