St. Lucia

Ease of Doing Business in

St. Lucia

This page summarizes Doing Business 2015 data for St. Lucia. The first section presents the Ease of Doing Business rank (out of 189 economies) and the distance to frontier (DTF)** measure, overall and by topic. The second section summarizes the key indicators for each topic benchmarked against regional averages.

Economy Overview

 
Region Latin America & Caribbean
Income Category Upper middle income
Population 182,273
GNI Per Capita (US$) 7,090
City covered Castries
Doing Business 2015 Rank Doing Business 2014 Rank*** Change in Rank
100 95 down -5

Doing Business 2015 DTF** (% points) Doing Business 2014 DTF** (% points) Change in DTF** (% points)
61.35 61.08 down 0.27
Positive=Doing Business reform making it easier to do business. Negative=Change making it more difficult to do business.

Enforcing Contracts

Info

The ease or difficulty of enforcing commercial contracts is measured below. This is determined by following the evolution of a payment dispute and tracking the time, cost, and number of procedures involved from the moment a plaintiff files the lawsuit until actual payment.

DB 2015 Rank 145 DB 2014 Rank*** 144 Change in Rank down-1
DB 2015 DTF** (% points) 45.94 DB 2014 DTF** (% points) 45.94 Change in DTF** (% points) 0.00
Indicator St. Lucia Latin America & Caribbean OECD

The time to resolve a dispute, counted from the moment the plaintiff files the lawsuit in court until payment. This includes both the days when actions take place and the waiting periods between.

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Time (days)
635.0 736.9 539.5

The cost in court fees and attorney fees, where the use of attorneys is mandatory or common, expressed as a percentage of the debt value.

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Cost (% of claim)
37.3 30.6 21.4

The average number of procedures to enforce a contract. The list of procedural steps compiled for each economy traces the chronology of a commercial dispute before the relevant court.

View methodology
Procedures (number)
46.0 39.8 31.5
Indicator
Time (days) 635
Filing and service 11
Trial and judgment 444
Enforcement of judgment 180
Cost (% of claim) 37.3
Attorney cost (% of claim) 29.3
Court cost (% of claim) 2
Enforcement Cost (% of claim) 6
Procedures (number) 46

Number of Procedures 47
Specialized commercial courts -1
Total Number of Procedures 46.0

**The distance to frontier score shows how far on average an economy is at a point in time from the best performance achieved by any economy on each Doing Business indicator since 2005 or the third year in which data for the indicator were collected. The measure is normalized to range between 0 and 100, with 100 representing the frontier. Read more...

***Last year's rankings are adjusted. They are based on 10 topics and reflect data corrections.

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