Best Caribbean Island for Doing Business

puerto-rico

What’s the best island in the Caribbean for ease of doing business? Caribbean Journal says, “According to the newest edition of the World Bank’s annual Doing Business report, it’s Puerto Rico — again.” If we compare Puerto Rico to other Latin American countries, Colombia, Mexico and Chile outrank the island, while in terms of global comparisons, Singapore is number one (with New Zealand, China, Denmark, Republic of Korea, and Norway following closely behind). here are excerpts from Caribbean Journal:

Puerto Rico ranked 47th in the world for the ease of doing business, just ahead of Romania and behind Rwanda.

The Doing Business project, which first launched in 2002, provides what it calls “objective measures of business regulations and their enforcement across 189 economies and selected cities at the subnational and regional level.”

The top-ranked CARICOM country for doing business was Jamaica, which showed significant improvement following a number of reforms this year to jump to 58th in the world. It had been ranked 94th last year.

The island seeing the biggest drop-off was St Lucia. The Eastern Caribbean island had been the top-ranked CARICOM country last year, ranked 64th in the world. This year, however, St Lucia fell all the way to 100th overall in the world.

For the full rankings in the Caribbean region, see the chart in the Caribbean Journal article: http://www.caribjournal.com/2014/11/03/this-is-the-best-caribbean-island-for-the-ease-of-doing-business/

For world comparisons, see the original at http://www.doingbusiness.org/rankings

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