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.
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.