For that indicator, The Heritage Foundation provides data for Saint Lucia from 2009 to 2019. The average value for Saint Lucia during that period was 82 points with a minumum of 76 points in 2015 and a maximum of 88 points in 2009.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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).