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Forbes ranks Jamaica best country in Caribbean to do business

Minister of Industry, Investment and Commerce Anthony Hylton

The 2014 Forbes Best Countries for Business Report has ranked Jamaica 64 out of 146 nations making it the best country in the Caribbean region to do business and third in Latin America and the Caribbean.

Forbes, a leading international business magazine, determined the Best Countries for Business by grading 146 nations on 11 different factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. Forbes said each category was equally weighted.

The report was compiled using published reports, including the World Bank's Doing Business Report and the World Economic Forum's Global Competitiveness Report.

"I welcome this report as further evidence that Jamaica is taking the necessary steps to improve our business environment," said Minister of Industry, Investment and Commerce Anthony Hylton. "This latest report will go a long way in repositioning Jamaica in the investor community and ensure that Jamaica comes to mind as one of the top places to invest, not just in the Caribbean and Latin America, but in the world. I look forward to even greater improvements in our 2015 international rankings."

The report ranked Trinidad and Tobago 71, Barbados 73, Dominican Republic 86 and Guyana 96. Costa Rica 57 and Mexico 61 ranked higher than Jamaica in the Latin American region.

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Comment by Big Woman on January 4, 2015 at 7:22pm
Well, Jamaica always had it goin' on, now its official!
Comment by Mervin E Yearwood on January 1, 2015 at 7:05am
Jamaica have many types of successful businesses establishment,many wealthy individual of all races however it has not trickle down to its majority .
Forbes is reliable indicator congratulation to this nation, politician do the right thing for the common man
Comment by hasina zuberi on December 27, 2014 at 3:26pm
Are you kidding?
Comment by Mike k on December 26, 2014 at 12:08pm

Michael lee Chin probably bought that endorsement.

Comment by trevor mullings on December 26, 2014 at 9:45am

hip hip hooorrraaa,I was getting tired hearing bad things about Jamaica.this is very good new .lets start biging up the country of,out of many one people

Comment by N. Francis on December 25, 2014 at 7:49pm
Costa Rica. Agricultural influence. Pineapple and Banana.

Mexico. Agricultural influence also

Jam down go back to basics please.

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