Cyprus: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 79
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 80
 Min - Max 68 - 88
 Source The Heritage Foundation
For that indicator, we provide data for Cyprus from 1996 to 2023. The average value for Cyprus during that period was 80 points with a minimum of 68 points in 1996 and a maximum of 88 points in 2015. The latest value from 2023 is 79 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
Cyprus - Trade freedom - recent values

Historical chart
Cyprus - Trade freedom - historical chart - 1996-2023

The Trade Freedom index for Cyprus 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 83 2023 points
 Freedom from corruption 59 2023 points
 Fiscal freedom 73 2023 points
 Business freedom 75 2023 points
 Labor freedom 67 2023 points
 Monetary freedom 81.50 2023 points
 Trade freedom 79 2023 points
 Investment freedom 75 2023 points
 Financial freedom 60 2023 points
 Economic freedom, overall index 72 2023 index points
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