Brazil: Business freedom

For that indicator, we provide data for Brazil from 1995 to 2022. The average value for Brazil during that period was 61 points with a minimum of 53 points in 2013 and a maximum of 70 points in 1997. The latest value from 2022 is 63 points. For comparison, the world average in 2022 based on 175 countries is 60 points. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Business Freedom index for Brazil 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 Brazil 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).