Colombia: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 76
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 71
 Min - Max 61 - 82
 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 71 points with a minimum of 61 points in 1997 and a maximum of 82 points in 2017. The latest value from 2023 is 76 points. For comparison, the world average in 2023 based on 175 countries is 70 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 - Trade freedom - recent values

Historical chart
Colombia - Trade freedom - historical chart - 1995-2023

The Trade Freedom index for Colombia measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).

 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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