Brunei: Business freedom

* indicates monthly or quarterly data series
 Brunei

Business freedom index (0-100)

 Latest value 72
 Year 2023
 Measure points
 Data availability 2014 - 2023
 Average 76
 Min - Max 68 - 84
 Source The Heritage Foundation
For that indicator, we provide data for Brunei from 2014 to 2023. The average value for Brunei during that period was 76 points with a minimum of 68 points in 2014 and a maximum of 84 points in 2020. The latest value from 2023 is 72 points. For comparison, the world average in 2023 based on 179 countries is 60 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
Brunei - Business freedom - recent values

Historical chart
Brunei - Business freedom - historical chart - 2014-2023




The Business Freedom index for Brunei 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 Brunei 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 69 2023 points
 Freedom from corruption 62 2023 points
 Fiscal freedom 20 2023 points
 Business freedom 72 2023 points
 Labor freedom 75 2023 points
 Monetary freedom 71.80 2023 points
 Trade freedom 84 2023 points
 Investment freedom 65 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 66 2023 index points
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