Austria: Financial freedom

* indicates monthly or quarterly data series
 Austria

Financial freedom index (0-100)

 Latest value 70
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 72
 Min - Max 70 - 90
 Source The Heritage Foundation
For that indicator, we provide data for Austria from 1995 to 2023. The average value for Austria during that period was 72 points with a minimum of 70 points in 1998 and a maximum of 90 points in 1995. The latest value from 2023 is 70 points. For comparison, the world average in 2023 based on 175 countries is 49 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
Austria - Financial freedom - recent values

Historical chart
Austria - Financial freedom - historical chart - 1995-2023




The Financial Freedom index for Austria from The Heritage Foundation measures the efficiency of the banking system and the interventions of the government into the financial system. A higher score means more efficient banking institutions and less government intervention.
Definition: The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.


 Related indicators Latest value Reference Measure
 Property rights 97 2023 points
 Freedom from corruption 81 2023 points
 Fiscal freedom 55 2023 points
 Business freedom 79 2023 points
 Labor freedom 79 2023 points
 Monetary freedom 80.40 2023 points
 Trade freedom 79 2023 points
 Investment freedom 80 2023 points
 Financial freedom 70 2023 points
 Economic freedom, overall index 71 2023 index points
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