Ecuador: Business freedom

* indicates monthly or quarterly data series
 Ecuador

Business freedom index (0-100)

 Latest value 65
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 56
 Min - Max 50 - 65
 Source The Heritage Foundation
For that indicator, we provide data for Ecuador from 1995 to 2024. The average value for Ecuador during that period was 56 points with a minimum of 50 points in 2021 and a maximum of 65 points in 2024. The latest value from 2024 is 65 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
Ecuador - Business freedom - Recent values chart

Historical chart
Ecuador - Business freedom - historical chart - 1995-2024




The Business Freedom index for Ecuador 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 Ecuador 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 33 2024 points
 Freedom from corruption 35 2024 points
 Fiscal freedom 80 2024 points
 Business freedom 65 2024 points
 Labor freedom 57 2024 points
 Monetary freedom 75.30 2024 points
 Trade freedom 66 2024 points
 Investment freedom 30 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 55 2024 index points
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