Cape Verde: Business freedom

* indicates monthly or quarterly data series
 Cape Verde

Business freedom index (0-100)

 Latest value 72
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 64
 Min - Max 55 - 85
 Source The Heritage Foundation
The latest value from 2024 is 72 points, an increase from 68 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Cape Verde from 1996 to 2024 is 64 points. The minimum value, 55 points, was reached in 1996 while the maximum of 85 points was recorded in 2003. 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 data
Cape Verde - Business freedom - Recent values chart

Historical series
Cape Verde - Business freedom - historical chart - 1996-2024




The Business Freedom index for Cape Verde 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 Cape Verde 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 Reference Measure
 Property rights 64 2024 points
 Freedom from corruption 49 2024 points
 Fiscal freedom 4 2024 points
 Business freedom 72 2024 points
 Labor freedom 52 2024 points
 Monetary freedom 74.80 2024 points
 Trade freedom 66 2024 points
 Investment freedom 80 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 63 2024 index points
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