Gambia: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 49
 Year 2024
 Measure points
 Data availability 1997 - 2024
 Average 55
 Min - Max 49 - 60
 Source The Heritage Foundation
For that indicator, we provide data for the Gambia from 1997 to 2024. The average value for the Gambia during that period was 55 points with a minimum of 49 points in 2024 and a maximum of 60 points in 2009. The latest value from 2024 is 49 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
Gambia - Business freedom - Recent values chart

Historical chart
Gambia - Business freedom - historical chart - 1997-2024

The Business Freedom index for the Gambia 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 the Gambia 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 55 2024 points
 Freedom from corruption 36 2024 points
 Fiscal freedom 63 2024 points
 Business freedom 49 2024 points
 Labor freedom 48 2024 points
 Monetary freedom 60.00 2024 points
 Trade freedom 64 2024 points
 Investment freedom 65 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 58 2024 index points
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