Haiti one of the 3 worst countries to do business

December 29, 2017
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Haiti - FLASH : Haiti one of the 3 worst countries to do business

According to the 12th edition of the annual report Best Countries for Business of the renowned Forbes Magazine that has just been made public, Haiti ranks among the 3 worst countries to do business, 151st out of 153 countries just ahead of the Gambia (152nd) and Chad 153rd last… Among other factors, weak infrastructure, access to electricity, insecurity, corruption, lack investor protection and bureaucratic red tape…

Note that the Forbes ranking analyzes 15 categories: property rights, innovation, taxes, technology, corruption, infrastructure, market size, political risk, quality of life, labor, personal freedom, commercial freedom, monetary freedom, bureaucracy and investor protection. In addition, for each of these categories, Forbes to refine its results, consulted other studies, reports and indices to establish its ranking among others: the “Doing Business” of the World Bank; the Global Competitiveness Report of the World Economic Forum; Transparency International’s Corruption Perceptions Index; the economic freedom index of the Heritage Foundation; the United Nations Human Development Index…

Only countries with data in at least 11 of the 15 categories were considered in this report

TOP 5 Latin America and Caribbean Region :

1- Chile is in first place and 33rd in the world;
2 – Costa Rica second and 45th in the world;
3 – Panama third and 64th world;
4 – Jamaica fourth and 72nd world;
5 – Dominican Republic fifth and 93rd in the world.

Compared to the Dominican Republic (DR) except the tax burden or Haiti (119th) ahead of one place the neighboring Republic (120th) Haiti (HT) occupies unfavorable global rankings on several other key points compared to our neighbors like :

Innovation HT 136th – RD 119th
The corruption HT 143rd – RD 107th
Investor protection HT 152nd – RD 91e
Bureaucratic heaviness HT 152nd – RD 98th

What with other factors, is reflected in the Gross Domestic Product (GDP) of each of the two countries of the island:

- HT / GDP 8 billion dollars
- DR / GDP $ 72 billion.

TOP 5 global best countries to do business :

1 – United Kingdom (for the first time)
2 – New Zealand
3 – Netherlands
4 – Sweden
5 – Canada

SL/ HaitiLibre

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