Saint Lucia: Business freedom

* indicates monthly or quarterly data series
 Saint Lucia

Business freedom index (0-100)

 Latest value 70
 Year 2023
 Measure points
 Data availability 2009 - 2023
 Average 79
 Min - Max 62 - 88
 Source The Heritage Foundation
For that indicator, we provide data for Saint Lucia from 2009 to 2023. The average value for Saint Lucia during that period was 79 points with a minimum of 62 points in 2022 and a maximum of 88 points in 2009. The latest value from 2023 is 70 points. For comparison, the world average in 2023 based on 179 countries is 60 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Saint Lucia - Business freedom - recent values

Historical chart
Saint Lucia - Business freedom - historical chart - 2009-2023

The Business Freedom index for Saint Lucia from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Saint Lucia in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).

 Related indicators Latest value Reference Measure
 Property rights 69 2023 points
 Freedom from corruption 59 2023 points
 Fiscal freedom 3 2023 points
 Business freedom 70 2023 points
 Labor freedom 57 2023 points
 Monetary freedom 80.90 2023 points
 Trade freedom 57 2023 points
 Investment freedom 65 2023 points
 Financial freedom 40 2023 points
 Economic freedom, overall index 61 2023 index points
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