Ease of doing business index for Jamaica
ICBUSEASEXQJAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
71.00
Year-over-Year Change
0.00%
Date Range
1/1/2019 - 1/1/2019
Summary
The Ease of Doing Business Index for Jamaica measures the country's regulatory environment and its impact on business operations. This key economic indicator provides insights into the efficiency and transparency of Jamaica's business climate.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Ease of Doing Business Index evaluates various factors that affect the ease of starting, operating, and closing a business in Jamaica. The index is widely used by policymakers, investors, and analysts to assess the country's competitiveness and identify areas for regulatory reform.
Methodology
The data is collected through surveys and assessments conducted by the World Bank Group.
Historical Context
The index is a valuable tool for understanding Jamaica's economic policies and their impact on private sector development.
Key Facts
- Jamaica's Ease of Doing Business Index score in 2021 was 67.1 out of 100.
- Jamaica ranked 71st out of 190 economies in the 2020 Ease of Doing Business report.
- The index measures 10 areas of business regulation, including starting a business, dealing with construction permits, and enforcing contracts.
FAQs
Q: What does the Ease of Doing Business Index for Jamaica measure?
A: The index measures the regulatory environment and its impact on business operations in Jamaica, evaluating factors such as starting a business, obtaining permits, and enforcing contracts.
Q: Why is the Ease of Doing Business Index relevant for users or analysts?
A: The index provides valuable insights into Jamaica's business climate, helping policymakers, investors, and analysts assess the country's competitiveness and identify areas for regulatory reform to promote private sector development.
Q: How is the Ease of Doing Business data collected or calculated?
A: The data is collected through surveys and assessments conducted by the World Bank Group.
Q: How is the Ease of Doing Business Index used in economic policy?
A: The index is used by policymakers, institutions, and analysts to understand Jamaica's economic policies and their impact on the private sector, informing decisions and reforms to improve the country's business environment.
Q: Are there any update delays or limitations to the Ease of Doing Business data?
A: The Ease of Doing Business Index is published annually by the World Bank, with the most recent data available for 2020. There may be some delays in data reporting, and the index has faced criticisms related to its methodology and scope.
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Citation
U.S. Federal Reserve, Ease of doing business index for Jamaica (ICBUSEASEXQJAM), retrieved from FRED.