South Korea: Trade freedom

(measure: points; source: The Heritage Foundation)

South Korea: Trade freedom index (0-100)

: For that indicator, The Heritage Foundation provides data for South Korea from 1995 to 2017. The average value for South Korea during that period was 70.83 points with a minumum of 65 points in 2006 and a maximum of 79.5 points in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Trade Freedom index for South Korea measures the absence of tariffs and other barriers that affect the international trade of goods and services.

Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).