Cyprus: Business freedom

* indicates monthly or quarterly data series
 Cyprus

Business freedom index (0-100)

 Latest value 79
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 79
 Min - Max 70 - 85
 Source The Heritage Foundation
For that indicator, we provide data for Cyprus from 1996 to 2024. The average value for Cyprus during that period was 79 points with a minimum of 70 points in 2006 and a maximum of 85 points in 1996. The latest value from 2024 is 79 points. For comparison, the world average in 2024 based on 175 countries is 62 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
Cyprus - Business freedom - recent values

Historical chart
Cyprus - Business freedom - historical chart - 1996-2024




The Business Freedom index for Cyprus 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 Cyprus 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).


 Related indicators Latest value Reference Measure
 Property rights 84 2024 points
 Freedom from corruption 56 2024 points
 Fiscal freedom 79 2024 points
 Business freedom 79 2024 points
 Labor freedom 67 2024 points
 Monetary freedom 74.50 2024 points
 Trade freedom 79 2024 points
 Investment freedom 75 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 72 2024 index points
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