Ease of doing business index for Saint Vincent and the Grenadines
ICBUSEASEXQVCT • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
130.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Saint Vincent and the Grenadines measures the country's regulatory environment and its impact on business operations and economic growth.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This index, published annually by the World Bank, assesses factors such as starting a business, obtaining construction permits, accessing electricity, registering property, accessing credit, protecting minority investors, paying taxes, trading across borders, enforcing contracts, and resolving insolvency. It is a widely-used indicator of a country's business climate and competitiveness.
Methodology
The data is collected through surveys of local experts and standardized measures of business regulations and their enforcement.
Historical Context
Policymakers and investors use this index to evaluate a country's economic conditions and identify areas for reform.
Key Facts
- Saint Vincent and the Grenadines ranked 94th out of 190 countries in the 2020 Ease of Doing Business Index.
- The country scores highest in the 'Paying Taxes' and 'Resolving Insolvency' indicators.
- Reforms to improve the ease of doing business can boost foreign direct investment and economic growth.
FAQs
Q: What does the Ease of Doing Business Index for Saint Vincent and the Grenadines measure?
A: The index measures the regulatory environment and its impact on business operations and economic growth in Saint Vincent and the Grenadines.
Q: Why is this trend relevant for users or analysts?
A: The Ease of Doing Business Index is a widely-used indicator of a country's business climate and competitiveness, which is important for policymakers and investors evaluating economic conditions and identifying areas for reform.
Q: How is this data collected or calculated?
A: The data is collected through surveys of local experts and standardized measures of business regulations and their enforcement.
Q: How is this trend used in economic policy?
A: Policymakers and investors use this index to evaluate a country's economic conditions and identify areas for reform to improve the business environment and boost foreign direct investment and economic growth.
Q: Are there update delays or limitations?
A: The Ease of Doing Business Index is published annually by the World Bank, so there may be some delay in the most recent data availability.
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Citation
U.S. Federal Reserve, Ease of doing business index for Saint Vincent and the Grenadines (ICBUSEASEXQVCT), retrieved from FRED.