Eritrea: Business freedom

* indicates monthly or quarterly data series
 Eritrea

Business freedom index (0-100)

 Latest value 31
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 26
 Min - Max 17 - 57
 Source The Heritage Foundation
For that indicator, we provide data for Eritrea from 2009 to 2024. The average value for Eritrea during that period was 26 points with a minimum of 17 points in 2012 and a maximum of 57 points in 2017. The latest value from 2024 is 31 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
Eritrea - Business freedom - Recent values chart

Historical chart
Eritrea - Business freedom - historical chart - 2009-2024




The Business Freedom index for Eritrea 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 Eritrea 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 value Reference Measure
 Property rights 8 2024 points
 Freedom from corruption 15 2024 points
 Fiscal freedom 69 2024 points
 Business freedom 31 2024 points
 Labor freedom 51 2024 points
 Monetary freedom 63.80 2024 points
 Trade freedom 68 2024 points
 Investment freedom 0 2024 points
 Financial freedom 20 2024 points
 Economic freedom, overall index 40 2024 index points
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