Jamaica - Ease of doing business

New business density (new registrations per 1,000 people ages 15-64)

New business density (new registrations per 1,000 people ages 15-64) in Jamaica was 1.98 as of 2020. Its highest value over the past 14 years was 1.98 in 2020, while its lowest value was 0.93 in 2014.

Definition: New businesses registered are the number of new limited liability corporations registered in the calendar year.

Source: World Bank's Entrepreneurship Survey and database (http://www.doingbusiness.org/data/exploretopics/entrepreneurship).

See also:

Year Value
2006 1.14
2007 1.16
2008 1.21
2009 1.15
2010 1.11
2011 1.03
2012 1.04
2013 1.03
2014 0.93
2015 1.15
2016 1.30
2017 1.39
2018 1.60
2019 1.92
2020 1.98

Time to obtain an electrical connection (days)

Definition: The average wait, in days, experienced to obtain an electrical connection from the day an establishment applies for it to the day it receives the service.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 20.50

Power outages in firms in a typical month (number)

Definition: Power outages are the average number of power outages that establishments experience in a typical month.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 2.50

Firms experiencing electrical outages (% of firms)

Definition: Percent of firms experiencing electrical outages during the previous fiscal year.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 80.90

Time required to get electricity (days)

The value for Time required to get electricity (days) in Jamaica was 95.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 95.00 in 2019 and a minimum value of 95.00 in 2009.

Definition: Time required to get electricity is the number of days to obtain a permanent electricity connection. The measure captures the median duration that the electricity utility and experts indicate is necessary in practice, rather than required by law, to complete a procedure.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

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Year Value
2009 95.00
2010 95.00
2011 95.00
2012 95.00
2013 95.00
2014 95.00
2015 95.00
2016 95.00
2017 95.00
2018 95.00
2019 95.00

Firms that do not report all sales for tax purposes (% of firms)

Definition: Firms that do not report all sales for tax purposes are the percentage of firms that expressed that a typical firm reports less than 100 percent of sales for tax purposes; such firms are termed "informal firms."

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2005 28.77

Firms visited or required meetings with tax officials (% of firms)

Definition: Percent of firms that were visited or required to meet with tax officials.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 34.00

Firms that spend on R&D (% of firms)

Definition: Percent of firms that spend on research and development.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 20.40

Firms experiencing losses due to theft and vandalism (% of firms)

Definition: Percent of firms experiencing losses due to theft, robbery, vandalism or arson that occurred on the establishment's premises.

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 13.30

Firms expected to give gifts in meetings with tax officials (% of firms)

Definition: Firms expected to give gifts in meetings with tax officials is the percentage of firms that answered positively to the question "was a gift or informal payment expected or requested during a meeting with tax officials?"

Source: World Bank, Enterprise Surveys (http://www.enterprisesurveys.org/).

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Year Value
2010 14.30

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in Jamaica was 13.40 as of 2019. Its highest value over the past 14 years was 13.40 in 2019, while its lowest value was 12.90 in 2012.

Definition: Labor tax and contributions is the amount of taxes and mandatory contributions on labor paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 13.00
2006 13.00
2007 13.00
2008 13.00
2009 13.00
2010 13.00
2011 13.00
2012 12.90
2013 12.90
2014 13.30
2015 13.40
2016 13.40
2017 13.40
2018 13.40
2019 13.40

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in Jamaica was 8.10 as of 2019. Its highest value over the past 14 years was 8.10 in 2019, while its lowest value was 4.80 in 2013.

Definition: Other taxes payable by businesses include the amounts paid for property taxes, turnover taxes, and other small taxes such as municipal fees and vehicle and fuel taxes.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 7.70
2006 7.70
2007 7.70
2008 7.70
2009 7.70
2010 6.50
2011 5.00
2012 5.00
2013 4.80
2014 6.40
2015 6.90
2016 5.70
2017 5.70
2018 8.10
2019 8.10

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in Jamaica was 13.60 as of 2019. Its highest value over the past 14 years was 28.70 in 2013, while its lowest value was 13.60 in 2018.

Definition: Profit tax is the amount of taxes on profits paid by the business.

Source: World Bank, Doing Business project (http://www.doingbusiness.org/).

See also:

Year Value
2005 27.30
2006 27.30
2007 27.30
2008 27.30
2009 27.30
2010 27.30
2011 28.60
2012 28.70
2013 28.70
2014 21.40
2015 15.00
2016 14.00
2017 14.00
2018 13.60
2019 13.60

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment