Colombia: Monetary freedom

* indicates monthly or quarterly data series

Monetary freedom index (0-100)

 Latest value 72.30
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 74.10
 Min - Max 63.70 - 80.10
 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 74.1 points with a minimum of 63.7 points in 1995 and a maximum of 80.1 points in 2015. The latest value from 2024 is 72.3 points. For comparison, the world average in 2024 based on 174 countries is 67.58 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 - Monetary freedom - Recent values chart

Historical chart
Colombia - Monetary freedom - historical chart - 1995-2024

The Monetary Freedom index for Colombia from The Heritage Foundation reflects the stability of prices in Colombia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

 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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