Dominican Republic: Business freedom

* indicates monthly or quarterly data series
 Dominican Republic

Business freedom index (0-100)

 Latest value 76
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 57
 Min - Max 50 - 76
 Source The Heritage Foundation
For that indicator, we provide data for Dominican Republic from 1995 to 2024. The average value for Dominican Republic during that period was 57 points with a minimum of 50 points in 2020 and a maximum of 76 points in 2024. The latest value from 2024 is 76 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
Dominican Republic - Business freedom - Recent values chart

Historical chart
Dominican Republic - Business freedom - historical chart - 1995-2024

The Business Freedom index for Dominican Republic 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 Dominican Republic 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 56 2024 points
 Freedom from corruption 36 2024 points
 Fiscal freedom 58 2024 points
 Business freedom 76 2024 points
 Labor freedom 53 2024 points
 Monetary freedom 66.90 2024 points
 Trade freedom 68 2024 points
 Investment freedom 70 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 63 2024 index points
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