Belize: Business freedom

* indicates monthly or quarterly data series
 Belize

Business freedom index (0-100)

 Latest value 67
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 69
 Min - Max 54 - 77
 Source The Heritage Foundation
For that indicator, we provide data for Belize from 1995 to 2024. The average value for Belize during that period was 69 points with a minimum of 54 points in 2022 and a maximum of 77 points in 2006. The latest value from 2024 is 67 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
Belize - Business freedom - Recent values chart

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




The Business Freedom index for Belize 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 Belize 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).

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 Related indicators Latest value Reference Measure
 Property rights 34 2024 points
 Freedom from corruption 41 2024 points
 Fiscal freedom 65 2024 points
 Business freedom 67 2024 points
 Labor freedom 64 2024 points
 Monetary freedom 70.90 2024 points
 Trade freedom 55 2024 points
 Investment freedom 55 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 61 2024 index points
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