St Kitts and Nevis continues to tumble in the World Bank’s Ease of Doing Business

Basseterre, St Kitts – St Kitts and Nevis continues to tumble towards the bottom within CARICOM in the World Bank’s Ease of Doing Business.

The latest index from the World Bank Group in Washington, DC indicates that the Ease of Doing Business in St Kitts and Nevis has worsened since Prime Minister Dr the Hon Timothy Harris and his Team Unity Government took office in 2015.

According to the World Bank, St Kitts and Nevis is now ranked 140 out of 190 countries in the world in Ease of Doing Business Global rankings.

In the English speaking countries of the Caribbean,  St Kitts and Nevis is second to last both in the OECS and in CARICOM.

St Kitts and Nevis continues to tumble in the World Bank's Ease of Doing Business

Basseterre, St. Kitts

World Bank Group statistics indicate that in 2014, under the leadership of Prime Minister the Right Hon Dr Denzil L Douglas, St Kitts and Nevis was ranked 101.

In 2015, St Kitts and Nevis was ranked 121 – falling  20 places

In 2016, St Kitts and Nevis was ranked 124, falling 3 places

In 2017, St Kitts and Nevis was ranked 134, falling 10 places

In 2018, St Kitts and Nevis remained at 134

and in 2019, St Kitts and Nevis is ranked 140, falling 6 places.

It therefore means that since Dr Harris and his Team Unity – PLP/CCM/PAM coalition took office, St Kitts and Nevis has fallen a total of 39 places between 2015 and 2019.  

Global rankings for the English speaking Caribbean Countries

Jamaica – 75

St Lucia – 93

Dominica – 103

Trinidad and Tobago – 105

Antigua and Barbuda  – 112

The Bahamas – 118

Barbados – 129

St Vincent and the Grenadines – 130

Guyana – 134

St Kitts and Nevis – 140

Grenada – 147

The rankings are based on the average of each economy’s ease of doing business scores for the 10 topics included in this year’s aggregate ranking.

This measure shows how close each economy is to global best practices in business regulation.  A higher score indicates a more efficient business environment and stronger legal institutions.

 

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Posted in: National News
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