Statement:
It is harder to do business in Timor-Leste than in Panama

In the Ease of Doing Business rating Timor-Leste holds position #143 ²⁰²⁰ out of 181 and Panama is #66 out of 181 ²⁰²⁰.
Position of Timor-Leste is worse than position of Panama.

Referencies:

1. Ease of Doing Business ²⁰²⁰ by World Bank

   The countries in the rating sorted by 'Score' in descending order.

   Panama	'Score' value is	66.6
   Timor-Leste	'Score' value is	39.4