Estonia: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 83
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 81
 Min - Max 73 - 87
 Source The Heritage Foundation
For that indicator, we provide data for Estonia from 1995 to 2024. The average value for Estonia during that period was 81 points with a minimum of 73 points in 2021 and a maximum of 87 points in 2022. The latest value from 2024 is 83 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
Estonia - Business freedom - Recent values chart

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

The Business Freedom index for Estonia 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 Estonia 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 93 2024 points
 Freedom from corruption 81 2024 points
 Fiscal freedom 85 2024 points
 Business freedom 83 2024 points
 Labor freedom 64 2024 points
 Monetary freedom 66.20 2024 points
 Trade freedom 79 2024 points
 Investment freedom 90 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 78 2024 index points
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