St. Vincent and the Grenadines has slipped by four places in its ranking in the World Bank Ease of Doing Business 2018 report.
In the report, which was released on October 31, 2017, this country is ranked 129, compared to 125 in last year’s report.
The island lags behind Caribbean counties such as Antigua and Barbuda, Belize, Bahamas, Dominica, Guyana, St. Lucia, Trinidad and Tobago, and the Dominican Republic.
New Zealand tops the list as the country with the greatest ease of doing business followed by Singapore and Denmark.
In the Caribbean region, Puerto Rico claimed the top spot with a ranking of 64, followed by Jamaica at 70. Haiti is the worst ranked Caribbean country with a ranking of 181.
The World Bank’s Ease of Doing Business Report, looks at the regulatory environment for small and medium-sized companies across 190 countries to see how it hampers or helps them conduct business.
In relation to Starting a business this country is ranked– 85; Dealing with construction permits – 44; Getting electricity – 90; Registering property- 166; Getting credit -159; Protecting minority investment – 96; Paying taxes – 101; Enforcing contract – 53; Trading across borders- 93; and Resolving insolvency – 168.