Australia: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 92
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 85
 Min - Max 70 - 96
 Source The Heritage Foundation
For that indicator, we provide data for Australia from 1995 to 2024. The average value for Australia during that period was 85 points with a minimum of 70 points in 1995 and a maximum of 96 points in 2013. The latest value from 2024 is 92 points. For comparison, the world average in 2024 based on 175 countries is 62 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Australia - Business freedom - Recent values chart

Historical chart
Australia - Business freedom - historical chart - 1995-2024

The Business Freedom index for Australia 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 Australia 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 91 2024 points
 Freedom from corruption 85 2024 points
 Fiscal freedom 40 2024 points
 Business freedom 92 2024 points
 Labor freedom 65 2024 points
 Monetary freedom 75.60 2024 points
 Trade freedom 90 2024 points
 Investment freedom 80 2024 points
 Financial freedom 90 2024 points
 Economic freedom, overall index 76 2024 index points
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