Azerbaijan: Business freedom

* indicates monthly or quarterly data series
 Azerbaijan

Business freedom index (0-100)

 Latest value 70
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 65
 Min - Max 40 - 81
 Source The Heritage Foundation
For that indicator, we provide data for Azerbaijan from 1996 to 2024. The average value for Azerbaijan during that period was 65 points with a minimum of 40 points in 1996 and a maximum of 81 points in 2020. The latest value from 2024 is 70 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
Azerbaijan - Business freedom - Recent values chart

Historical chart
Azerbaijan - Business freedom - historical chart - 1996-2024




The Business Freedom index for Azerbaijan 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 Azerbaijan 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 53 2024 points
 Freedom from corruption 24 2024 points
 Fiscal freedom 99 2024 points
 Business freedom 70 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 63.90 2024 points
 Trade freedom 69 2024 points
 Investment freedom 70 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 62 2024 index points
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