CARIFORUM and UK EPA Study

in 2019, compared with 107 in 2014), and innovation capability (83 rd in 2019, compared with 103rd in 2014). However, over the last five years, the Dominican Republic has seen a weakening in its market size and business dynamics. Jamaica received a score of 58.3, dropping one rank to 80 th , but moved up 0.4 points over the previous year. Jamaica had the lowest rank of the four CARIFORUM countries featured in the review. This is, however, an improved performance compared to 2014 when Jamaica’s ranking was 86 th . Jamaica has strengthened in the areas of macroeconomic stability (110 th rank versus 136 th in 2014) and labour market conditions (55 th rank compared with 58 th ). Jamaica over the last five years has seen a weakening in its institutions, infrastructure, ICT, product market, business dynamics, and innovation capability. The Republic of Trinidad and Tobago was the third highest ranked of the four listed CARIFORUM countries, with a ranking of 79 th and an overall score of 58.3. In 2018, Trinidad and Tobago, had a score of 57.9 and was ranked at 78 th . The 2019 ranking represents improvement from 2014 when the ranking was 89. In comparison to 2014 Trinidad and Tobago has made improvements in ICT (61 st in 2019, from 64 th in 2014), labour market (75 th in 2019, compared to 96 th in 2014), financial system (45 th in 2019, compared to 52 nd in 2014), market size (106 th in 2019, compared with 112 th in 2014) and innovation capabilities (87 th in 2019, compared with 100 th in 2014). However, Trinidad and Tobago, over the last five years, has seen a weakening in its institutions, macroeconomic stability, product market and business dynamics.

Table 46: CF Partner GCI Rank

Country

Score

Overall Ranking

Inst.

Infrast.

ICT Adoption

Macro- economic Stability 109 th

Health

Skills

Product Market

Labour Market

Financial System

Market Size

Business Dynamism

Innovation Capability

Barbados The Dominican Republic

58.9 58.3

77 th 78 th

66 th 86 th

97th 79th

139 th

41 st 86 th

62 nd 86 th

129 th

55 th 52 nd

35 th 65 th

139 th

66 th 86 th

63 rd 85 th

79 th

76 th

82 nd

70 th

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