2016年-世界发展银行全球_Doing_Business_Economy_Profile_2017___St_Vincent_and_the_Grenadines_100页_1mb

Doing Business 2017: Summary for St. Vincent and the Grenadines

Core Content

The Doing Business 2017 report by the World Bank Group evaluates the ease of doing business across 11 key regulatory areas in the business life cycle. It provides data and rankings for St. Vincent and the Grenadines (SVG) and compares it with other economies in the region and globally. The report emphasizes the importance of regulatory reform and highlights how business environments affect economic outcomes.

Main Topics Covered

The report assesses the following key areas:

• Starting a Business
• Dealing with Construction Permits
• Getting Electricity
• Registering Property
• Getting Credit
• Protecting Minority Investors
• Paying Taxes
• Trading across Borders
• Enforcing Contracts
• Resolving Insolvency
• Labor Market Regulation

It also introduces a gender dimension in some indicators and expands the scope to include Somalia and new pilot indicators, such as selling to the government.

Key Findings

Ease of Doing Business Ranking

• SVG Rank (2017): 125
• SVG Rank (2016): 123
• Change in Rank: -2
• SVG DTF Score (2017): 55.91
• SVG DTF Score (2016): 56.01
• Change in DTF Score: -0.1

SVG's ranking and DTF score show minimal change from 2016 to 2017, indicating a relatively stable business environment.

Starting a Business

• SVG Rank (2017): 83
• SVG Rank (2016): 76
• DTF Score (2017): 86.78
• DTF Score (2016): 86.72
• Best Performer: New Zealand (Rank 1)

SVG has a moderate number of procedures (7) and time (10 days) for men and women to start a business, though the cost remains relatively high at 16.1% of income per capita.

Dealing with Construction Permits

• SVG Rank (2017): 55
• SVG Rank (2016): 51
• DTF Score (2017): 74.42
• DTF Score (2016): 74.41
• Best Performer: New Zealand (Rank 1)

SVG has 14 procedures and takes 92 days to deal with construction permits, with a low cost of 0.1% of warehouse value. The building quality control index is 8 out of 15.

Getting Electricity

• SVG Rank (2017): 85
• SVG Rank (2016): 80
• DTF Score (2017): 71.13
• DTF Score (2016): 71.13
• Best Performer: South Korea (Rank 1)

SVG requires 3 procedures and takes 52 days to get electricity, with a cost of 56.6% of income per capita. The reliability of supply and transparency of tariff index is 0 out of 8.

Registering Property

• SVG Rank (2017): 165
• SVG Rank (2016): 159
• DTF Score (2017): 43.10
• DTF Score (2016): 44.17
• Best Performer: New Zealand (Rank 1)

SVG requires 7 procedures and takes 47 days to register property, with a cost of 11.8% of property value. The quality of land administration index is 7 out of 30.

Getting Credit

• SVG Rank (2017): 157
• SVG Rank (2016): 152
• DTF Score (2017): 25.00
• DTF Score (2016): 25.00
• Best Performer: New Zealand (Rank 1)

SVG has a low credit registry coverage and a low depth of credit information index. The strength of legal rights index is 5 out of 12.

Protecting Minority Investors

• SVG Rank (2017): 87
• SVG Rank (2016): 85
• DTF Score (2017): 53.33
• DTF Score (2016): 53.33
• Best Performer: New Zealand (Rank 1)

SVG scores 5.3 on the minority investor protection index and 6.7 on the conflict of interest regulation index.

Paying Taxes

• SVG Rank (2017): 98
• SVG Rank (2016): 97
• DTF Score (2017): 70.56
• DTF Score (2016): 70.56
• Best Performer: United Arab Emirates (Rank 1)

SVG has a total tax rate of 39.3% of profit, with a postfiling index of 65.1. It requires 36 payments per year and takes 108 hours annually.

Trading across Borders

• SVG Rank (2017): 88
• SVG Rank (2016): 87
• DTF Score (2017): 71.08
• DTF Score (2016): 71.08
• Best Performer: 10 Economies (Rank 1)

SVG has a moderate time to export (28 hours) and a low cost to export (USD 425). It has a low time to export for documentary compliance (72 hours) and a moderate cost (USD 80).

Enforcing Contracts

• SVG Rank (2017): 53
• SVG Rank (2016): 54
• DTF Score (2017): 63.66
• DTF Score (2016): 63.66
• Best Performer: South Korea (Rank 1)

SVG takes 595 days to enforce contracts and has a cost of 30.3% of the claim. The quality of judicial processes index is 11.5 out of 18.

Resolving Insolvency

• SVG Rank (2017): 169
• SVG Rank (2016): 169
• DTF Score (2017): 0.00
• DTF Score (2016): 0.00
• Best Performer: Finland (Rank 1)

SVG has a recovery rate of 0 cents on the dollar and a very low DTF score, indicating a poor insolvency resolution system.

Methodology and Limitations

• The report uses aggregate rankings and distance to frontier (DTF) scores to measure the ease of doing business.
• The DTF score reflects the absolute distance from the best performance in each indicator.
• The report does not include labor market regulation in the aggregate ranking or DTF score, but presents the data separately.
• It does not cover all aspects of the business environment, such as proximity to large markets, infrastructure quality, and institutional strength.

Conclusion

The Doing Business 2017 report provides a comprehensive assessment of the regulatory environment in St. Vincent and the Grenadines. While SVG shows some improvement in certain areas, such as construction permits and electricity, it still lags behind many other economies in terms of ease of doing business. The introduction of gender-based indicators and the inclusion of Somalia enhance the report's scope and relevance. Policymakers are encouraged to use this data to identify areas for reform and improve the business environment.