Colombia: Economic freedom, overall index

* indicates monthly or quarterly data series

Economic freedom, overall index (0-100)

 Latest value 59
 Year 2024
 Measure index points
 Data availability 1995 - 2024
 Average 65
 Min - Max 59 - 72
 Source The Heritage Foundation
For that indicator, we provide data for Colombia from 1995 to 2024. The average value for Colombia during that period was 65 index points with a minimum of 59 index points in 2024 and a maximum of 72 index points in 2015. The latest value from 2024 is 59 index points. For comparison, the world average in 2024 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 chart

Historical chart
Colombia - Economic freedom, overall index - historical chart - 1995-2024

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.

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 Related indicators Latest value Reference Measure
 Property rights 45 2024 points
 Freedom from corruption 38 2024 points
 Fiscal freedom 20 2024 points
 Business freedom 69 2024 points
 Labor freedom 62 2024 points
 Monetary freedom 72.30 2024 points
 Trade freedom 73 2024 points
 Investment freedom 70 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 59 2024 index points
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