Saint Vincent and the Grenadines: Business freedom

The latest value from 2024 is 65 points, an increase from 62 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Saint Vincent and the Grenadines from 2009 to 2024 is 75 points. The minimum value, 61 points, was reached in 2022 while the maximum of 80 points was recorded in 2010. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Business Freedom index for Saint Vincent and the Grenadines 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 Vincent and the Grenadines 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).