Burkina Faso: Business freedom

* indicates monthly or quarterly data series
 Burkina Faso

Business freedom index (0-100)

 Latest value 42
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 52
 Min - Max 39 - 63
 Source The Heritage Foundation
For that indicator, we provide data for Burkina Faso from 1996 to 2024. The average value for Burkina Faso during that period was 52 points with a minimum of 39 points in 2006 and a maximum of 63 points in 2012. The latest value from 2024 is 42 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
Burkina Faso - Business freedom - Recent values chart

Historical chart
Burkina Faso - Business freedom - historical chart - 1996-2024

The Business Freedom index for Burkina Faso 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 Burkina Faso 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 38 2024 points
 Freedom from corruption 42 2024 points
 Fiscal freedom 13 2024 points
 Business freedom 42 2024 points
 Labor freedom 62 2024 points
 Monetary freedom 64.50 2024 points
 Trade freedom 61 2024 points
 Investment freedom 65 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 52 2024 index points
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