St. Vincent and the Grenadines - 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 St. Vincent and the Grenadines was 4.27 as of 2020. Its highest value over the past 14 years was 5.53 in 2018, while its lowest value was 1.60 in 2016.

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 2.26
2007 2.98
2008 2.36
2009 1.84
2010 1.95
2011 1.87
2012 1.76
2013 1.84
2014 1.72
2015 1.63
2016 1.60
2017 2.36
2018 5.53
2019 3.77
2020 4.27

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/).

See also:

Year Value
2010 9.20

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 1.70

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/).

See also:

Year Value
2010 83.30

Time required to get electricity (days)

The value for Time required to get electricity (days) in St. Vincent and the Grenadines was 52.00 as of 2019. As the graph below shows, over the past 10 years this indicator reached a maximum value of 52.00 in 2019 and a minimum value of 52.00 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/).

See also:

Year Value
2009 52.00
2010 52.00
2011 52.00
2012 52.00
2013 52.00
2014 52.00
2015 52.00
2016 52.00
2017 52.00
2018 52.00
2019 52.00

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/).

See also:

Year Value
2010 44.90

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/).

See also:

Year Value
2010 30.10

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 30.90

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/).

See also:

Year Value
2010 5.90

Labor tax and contributions (% of commercial profits)

Labor tax and contributions (% of commercial profits) in St. Vincent and the Grenadines was 6.20 as of 2019. Its highest value over the past 14 years was 6.20 in 2019, while its lowest value was 3.90 in 2005.

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 3.90
2006 3.90
2007 3.90
2008 3.90
2009 5.10
2010 5.10
2011 5.10
2012 5.10
2013 5.10
2014 5.10
2015 6.20
2016 6.20
2017 6.20
2018 6.20
2019 6.20

Other taxes payable by businesses (% of commercial profits)

Other taxes payable by businesses (% of commercial profits) in St. Vincent and the Grenadines was 3.30 as of 2019. Its highest value over the past 14 years was 3.40 in 2012, while its lowest value was 3.30 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 3.40
2006 3.40
2007 3.40
2008 3.40
2009 3.40
2010 3.40
2011 3.40
2012 3.40
2013 3.30
2014 3.30
2015 3.30
2016 3.30
2017 3.30
2018 3.30
2019 3.30

Profit tax (% of commercial profits)

Profit tax (% of commercial profits) in St. Vincent and the Grenadines was 27.60 as of 2019. Its highest value over the past 14 years was 37.60 in 2007, while its lowest value was 27.60 in 2019.

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 37.60
2006 37.60
2007 37.60
2008 35.20
2009 32.50
2010 30.20
2011 30.20
2012 30.20
2013 30.20
2014 30.20
2015 29.80
2016 29.80
2017 29.80
2018 29.80
2019 27.60

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Business environment