The Business Climate in Jamaica: What Does the Enterprise Survey Have to Say?
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Jamaican firms are constantly plagued by a number of issues that restrict their ability to grow. The World Bank's Enterprise Survey examined the key indicators to give insight on the business climate in Jamaica. Compared with firms in the Latin America and Caribbean (LAC) region, Jamaican firms face several constraints to growth and operation. Within the Caribbean Country Department (CCB), Jamaica is the only member - except Suriname - that identified close to half of the areas as constraints to firm operation. Tax rates, access to finance, practices of the informal sector, and electricity were identified as their biggest obstacles.