2015年-世界发展银行全球_Doing_Business_Economy_Profile_2016___Grenada_98页_2mb

Grenada Economy Profile - Doing Business 2016 Summary

Core Content

The Doing Business 2016 report provides an assessment of the regulatory environment for small to medium-sized businesses in Grenada, comparing it with other economies and highlighting key areas of business regulation. It measures regulatory quality and efficiency across 11 indicators, which are used to analyze economic outcomes and identify effective reforms. Grenada's performance is ranked and scored based on these indicators, with the report emphasizing the importance of understanding both the ease of doing business ranking and the distance to frontier (DTF) score.

Main Topics and Indicators

1. Starting a Business

• Rank (DB2016): 76
• DTF Score (DB2016): 86.84
• Procedures (DB2016): 6
• Time (days): 15
• Cost (% of income per capita): 17.3
• Best performer: New Zealand (rank 1, DTF score 99.96)

Grenada's process for starting a business is relatively straightforward, with 6 procedures and a time of 15 days. However, the cost is still relatively high compared to the best performer, New Zealand.

2. Dealing with Construction Permits

• Rank (DB2016): 100
• DTF Score (DB2016): 67.61
• Procedures (DB2016): 13
• Time (days): 128
• Cost (% of warehouse value): 0.3
• Best performer: Singapore (rank 1, DTF score 92.97)

Grenada has a high number of procedures (13) and a long time (128 days) to obtain construction permits, placing it at the bottom of the ranking. The cost is low, but the process remains inefficient compared to the best performers.

3. Getting Electricity

• Rank (DB2016): 58
• DTF Score (DB2016): 76.39
• Procedures (DB2016): 5
• Time (days): 38
• Cost (% of income per capita): 196.4
• Best performer: Republic of Korea (rank 1, DTF score 99.88)

Grenada ranks 58th in getting electricity, with 5 procedures and a time of 38 days. The cost is significantly high, at 196.4% of income per capita, which is a major obstacle for businesses.

4. Registering Property

• Rank (DB2016): 139
• DTF Score (DB2016): 50.16
• Procedures (DB2016): 8
• Time (days): 32
• Cost (% of property value): 7.4
• Best performer: New Zealand (rank 1, DTF score 94.46)

Grenada's property registration process is ranked 139th, with 8 procedures and a time of 32 days. The cost is moderate at 7.4% of property value, but the process is still inefficient compared to the best performer.

5. Getting Credit

• Rank (DB2016): 133
• DTF Score (DB2016): 30
• Strength of legal rights index: 6.0
• Depth of credit information index: 0.0
• Credit bureau coverage (% of adults): 0.0
• Best performer: New Zealand (rank 1, DTF score 100)

Grenada ranks 133rd in getting credit, with a low DTF score of 30. It has poor credit bureau coverage and limited depth of credit information, which makes it difficult for businesses to access financing.

6. Protecting Minority Investors

• Rank (DB2016): 122
• DTF Score (DB2016): 45
• Strength of minority investor protection index: 4.5
• Extent of conflict of interest regulation index: 6.7
• Extent of shareholder governance index: 2.3
• Best performer: Singapore (rank 1, DTF score 83.33)

Grenada ranks 122nd in protecting minority investors, with a DTF score of 45. The strength of minority investor protection is moderate, but the shareholder governance index is low, indicating room for improvement.

7. Paying Taxes

• Rank (DB2016): 132
• DTF Score (DB2016): 64.46
• Payments (number): 42
• Best performer: United Arab Emirates (rank 1, DTF score 99.44)

Grenada ranks 132nd in paying taxes, with a DTF score of 64.46. It has a high number of tax payments (42), indicating a complex tax system.

Key Information

• Region: Latin America & Caribbean
• Income category: Upper middle income
• Population: 106,303
• GNI per capita (US$): 7,850
• DB2016 Rank: 135
• DB2015 Rank: 130 (adjusted for methodological changes)
• Change in rank: -5
• DB2016 DTF: 53.46
• DB2015 DTF: 53.44
• Change in DTF: +0.02

Methodology Notes

• The report excludes labor market regulation from the aggregate ease of doing business ranking but includes it in the economy profile.
• Changes in methodology in 2016 include:
  • Expansion of indicators for dealing with construction permits, getting electricity, registering property, enforcing contracts, and labor market regulation.
  • Substantial revision of the trading across borders methodology.
  • Small updates to the protecting minority investors methodology.
• The DTF score measures the absolute distance from best practice, while the ease of doing business ranking reflects relative performance across economies.

Comparative Insights

• Grenada's performance is compared with comparator economies such as Antigua and Barbuda, Dominica, Jamaica, and others.
• The distance to frontier metric allows for the assessment of how much an economy has improved or regressed in regulatory practices over time.
• Grenada's ranking and DTF scores show moderate progress in some areas, but significant room for improvement in others, especially in areas like getting credit and registering property.

Conclusion

The Doing Business 2016 report highlights that Grenada's regulatory environment is moderately efficient but not among the best performers globally. While the country has made slight improvements in some indicators, it still faces challenges in areas such as starting a business, dealing with construction permits, and getting credit. Policymakers are encouraged to focus on reforms that reduce the number of procedures, lower costs, and improve the efficiency of regulatory processes to enhance the business environment.