Gambia: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 64
 Year 2023
 Measure points
 Data availability 1997 - 2023
 Average 62
 Min - Max 55 - 67
 Source The Heritage Foundation
For that indicator, we provide data for the Gambia from 1997 to 2023. The average value for the Gambia during that period was 62 points with a minimum of 55 points in 2003 and a maximum of 67 points in 2021. The latest value from 2023 is 64 points. For comparison, the world average in 2023 based on 175 countries is 70 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 - Trade freedom - recent values

Historical chart
Gambia - Trade freedom - historical chart - 1997-2023

The Trade Freedom index for the Gambia measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).

 Related indicators Latest value Reference Measure
 Property rights 47 2023 points
 Freedom from corruption 37 2023 points
 Fiscal freedom 70 2023 points
 Business freedom 51 2023 points
 Labor freedom 47 2023 points
 Monetary freedom 63.30 2023 points
 Trade freedom 64 2023 points
 Investment freedom 65 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 58 2023 index points
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