Cuba: Business freedom

* indicates monthly or quarterly data series
 Cuba

Business freedom index (0-100)

 Latest value 42
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 28
 Min - Max 10 - 55
 Source The Heritage Foundation
The latest value from 2024 is 42 points, an increase from 41 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Cuba from 1995 to 2024 is 28 points. The minimum value, 10 points, was reached in 2006 while the maximum of 55 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
Cuba - Business freedom - Recent values chart

Historical series
Cuba - Business freedom - historical chart - 1995-2024




The Business Freedom index for Cuba 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 Cuba 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 30 2024 points
 Freedom from corruption 36 2024 points
 Fiscal freedom 0 2024 points
 Business freedom 42 2024 points
 Labor freedom 20 2024 points
 Monetary freedom 20.30 2024 points
 Trade freedom 73 2024 points
 Investment freedom 10 2024 points
 Financial freedom 10 2024 points
 Economic freedom, overall index 26 2024 index points
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