Saint Lucia Slips In Ease Of Doing Business Rankings

Saint Lucia has slipped in the World Bank’s annual ease of doing business rankings.

The Island is ranked 93 among 190 economies in the Ease of Doing Business report, according to the latest World Bank’s 2019 annual ratings.

According to the latest assessment, the rank of St Lucia deteriorated to 93 in 2018 from 91 in 2017.

“Ease of Doing Business in St Lucia averaged 64.91 from 2008 until 2018, reaching an all time high of 93 in 2018 and a record low of 34 in 2008,” the assessment observed.

The Ease of Doing Business Report 2019 also saw Barbados fall three spots to be globally-ranked 132nd out of 190 economies.

In the 2018 Report which was issued last October, Barbados was ranked 129th, which was a slight improvement from the 132nd ranking it received in 2017.

Jamaica is the highest-ranked country in the Caribbean at 75th with Trinidad and Tobago at 105th, it was reported.

8 COMMENTS

  1. Maybe im not too bright but “an all time high of 93 in 2018 and a record low of 34 in 2008” i thought the lower the ranking the better. So its really a record high of 34 in 2008 and an all time low of 93 in 2018. Js.

  2. Also, if your distance to frontier (how far the country score is from the number 1 country) score is high the ranking is not bad.

  3. I am assuming if all your variables remain the same here but another country were to make one or two positive decisions then that reflect in the figures. With that said I still think it is incredibly difficult to start business in this place. Unnecessary red tape and incredibly delays and time wasting by government and governmental agencies.

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