Belgium: Trade freedom
* indicates monthly or quarterly data series
Belgium |
Trade freedom index (0-100) |
---|---|
Latest value | 79 |
Year | 2024 |
Measure | points |
Data availability | 1996 - 2024 |
Average | 83 |
Min - Max | 78 - 88 |
Source | The Heritage Foundation |
The latest value from 2024 is 79 points, unchanged from 79 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Belgium from 1996 to 2024 is 83 points. The minimum value, 78 points, was reached in 1996 while the maximum of 88 points was recorded in 2010.
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The Trade Freedom index for Belgium 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).
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Property rights | 92 | 2024 | points |
Freedom from corruption | 79 | 2024 | points |
Fiscal freedom | 20 | 2024 | points |
Business freedom | 83 | 2024 | points |
Labor freedom | 59 | 2024 | points |
Monetary freedom | 72.40 | 2024 | points |
Trade freedom | 79 | 2024 | points |
Investment freedom | 85 | 2024 | points |
Financial freedom | 70 | 2024 | points |
Economic freedom, overall index | 66 | 2024 | index points |