Albania: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 71
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 67
 Min - Max 54 - 81
 Source The Heritage Foundation
For that indicator, we provide data for Albania from 1995 to 2023. The average value for Albania during that period was 67 points with a minimum of 54 points in 2006 and a maximum of 81 points in 2013. The latest value from 2023 is 71 points. For comparison, the world average in 2023 based on 179 countries is 60 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Albania - Business freedom - recent values

Historical chart
Albania - Business freedom - historical chart - 1995-2023

The Business Freedom index for Albania from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Albania in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).

 Related indicators Latest value Reference Measure
 Property rights 56 2023 points
 Freedom from corruption 36 2023 points
 Fiscal freedom 58 2023 points
 Business freedom 71 2023 points
 Labor freedom 50 2023 points
 Monetary freedom 81.30 2023 points
 Trade freedom 83 2023 points
 Investment freedom 70 2023 points
 Financial freedom 70 2023 points
 Economic freedom, overall index 65 2023 index points
This site uses cookies.
Learn more here