Colombia: Economic freedom, overall index

* indicates monthly or quarterly data series
 Colombia

Economic freedom, overall index (0-100)

 Latest value 63
 Year 2023
 Measure index points
 Data availability 1995 - 2023
 Average 66
 Min - Max 60 - 72
 Source The Heritage Foundation
For that indicator, we provide data for Colombia from 1995 to 2023. The average value for Colombia during that period was 66 index points with a minimum of 60 index points in 2005 and a maximum of 72 index points in 2015. The latest value from 2023 is 63 index points. For comparison, the world average in 2023 based on 174 countries is 59 index 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
Colombia - Economic freedom, overall index - recent values

Historical chart
Colombia - Economic freedom, overall index - historical chart - 1995-2023




Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.


 Related indicators Latest value Reference Measure
 Property rights 45 2023 points
 Freedom from corruption 41 2023 points
 Fiscal freedom 39 2023 points
 Business freedom 72 2023 points
 Labor freedom 62 2023 points
 Monetary freedom 78.60 2023 points
 Trade freedom 76 2023 points
 Investment freedom 80 2023 points
 Financial freedom 70 2023 points
 Economic freedom, overall index 63 2023 index points
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