Tentmaker Reports
St. Lucia Report
Entrepreneurial Missions Index
33.4
General Information
Population
174,000 (168th most populous country in the world)
| RELIGIONS | |
|---|---|
| Roman Catholic | 67.5% |
| Seventh Day Adventist | 8.5% |
| Pentecostal | 5.7% |
| Rastafarian | 2.1% |
| Anglican | 2.0% |
| Evangelical | 2.0% |
| Other Christian | 5.1% |
| Other | 1.1% |
| Unspecified | 1.5% |
| None | 4.5% |
| LANGUAGES | |
|---|---|
| English | |
| French Patois |
Industries
Clothing, assembly of electronic components, beverages, corrugated cardboard boxes, tourism, lime processing, coconut processing
Unless otherwise noted, all information included here was obtained from the World Factbook project 4, conducted by the Central Intelligence Agency (CIA). For more detailed information about St. Lucia, visit https://www.cia.gov/library/publications/the-world-factbook/geos/lc.html.
Business Information
The World Bank ranks St. Lucia as 48 out of 183 economies in terms of ease of doing business. The country ranks as 0 (of 183) in terms of ease of starting a business.It requires 0 procedures, takes 0 days, and costs N/A% of income per capita to start a business in St. Lucia.
In order to start a business in St. Lucia, one must follow these procedures:
- Lawyer prepares incorporation documents
- Registration with the Commercial Registry
- Make company seal
- Obtain taxpayer identification number
- Register as employer with social security institute
Unless otherwise noted, all information included here was obtained from the Doing Business project 3, conducted by the World Bank. For more detailed information about starting a business in St. Lucia, visit http://www.doingbusiness.org/.
St. Lucia Economic Freedom
The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, a libertarian think tank which attempts to measure the degree of economic freedom in the world's nations. Economic Freedom of the World index has been more widely used than any other measure of economic freedom, because of its coverage of a longer time period
Their measure of economic freedom is based on that the following standards:
- Personal choice rather than collective choice,
- Voluntary exchange coordinated by markets rather than allocation via the political process,
- Freedom to enter and compete in markets, and
- Protection of persons and their property from aggression by others.
A state will rate high when it focuses on protection of people and their property from the actions of aggressors, enforcement of contracts, and provision of the limited set of public goods like roads, flood control projects, and money of stable value and little else, but a country’s rating on the EFW summary index will fall as government expenditures increase and regulations expand.
St. Lucia Summary
St. Lucia Links
2 Free the World
Gwartney, James and Robert Lawson with Herbert Grubel, Jakob de Haan, Jan-Egbert Sturm, and Eelco Zandberg (2009). Economic Freedom of the World: 2009 Annual Report. Vancouver, BC: The Fraser Institute. Data retrieved from www.freetheworld.com.
