Tue | Jan 22, 2019

Forbes ranks Jamaica best in Caribbean for doing business

Published:Saturday | December 30, 2017 | 12:00 AM

Jamaica has been ranked the best Caribbean country for business by Forbes magazine.

In its 12th edition of the annual Best Countries for Business report, Jamaica is ranked the highest among Caribbean Community (CARICOM) countries, while Haiti is ranked among the worst three countries in the world for doing business.

Of the 153 countries assessed for the report, Jamaica is ranked at 72, with Trinidad and Tobago at 75 and Belize at 111.

Guyana is listed at 113, with Suriname at 135 and Haiti at 151.

The United Kingdom topped the global Forbes magazine ranking.

The magazine determines the Best Countries for Business by rating 153 nations on 15 different factors, including property rights, innovation, taxes, technology, corruption, and infrastructure.

It also evaluates factors such as market size, political risk, quality of life, workforce,

freedom, red tape, and investor protection.

Forbes says that the data is based on published reports from several reputable organisations, including the United Nations, Transparency International, the World Bank Group, and World Economic Forum.