St. Lucia

Ease of Doing Business in

St. Lucia

This page summarizes Doing Business 2014 data for St. Lucia. The first table lists the overall "Ease of Doing Business" rank (out of 189 economies) and the rankings by each topic. It also lists the economy's distance to frontier (DTF)** measure. The rest of the tables summarize the key indicators for each topic and benchmark against regional and high-income economy (OECD) averages.

Economy Overview

Region Latin America & Caribbean
Income Category Upper middle income
Population 180,870
GNI Per Capita (US$) 6,530
City covered Castries
Doing Business 2014 Rank Doing Business 2013 Rank*** Change in Rank
64 59 down -5

Doing Business 2014 DTF** (% points) Doing Business 2013 DTF** (% points) Improvement in DTF** (% points)
65.84 65.91 down -0.07
Positive=Doing Business reform making it easier to do business. Negative=Doing Business reform 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 2014 Rank 170 DB 2013 Rank*** 169 Change in Rank down-1
DB 2014 DTF** (% points) 42.67 DB 2013 DTF** (% points) 42.67 Improvement 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.

View methodology
Time (days)
635 734 529

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.

View methodology
Cost (% of claim)
37.3 31.0 21.0

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 40 31
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
* Not counted in the total number of procedures

** The distance to frontier (DTF) measure shows the distance of each economy to the "frontier," which represents the highest performance observed on each of the topics including Getting Electricity across all economies included in Doing Business. An economy’s distance to frontier is indicated on a scale from 0 to 100, where 0 represents the lowest performance and 100 the frontier. Read more...

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

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