Georgia: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 86
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 80
 Min - Max 65 - 89
 Source The Heritage Foundation
For that indicator, we provide data for Georgia from 1996 to 2024. The average value for Georgia during that period was 80 points with a minimum of 65 points in 2003 and a maximum of 89 points in 2010. The latest value from 2024 is 86 points. For comparison, the world average in 2024 based on 176 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
Georgia - Trade freedom - Recent values chart

Historical chart
Georgia - Trade freedom - historical chart - 1996-2024

The Trade Freedom index for Georgia 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 53 2024 points
 Freedom from corruption 61 2024 points
 Fiscal freedom 40 2024 points
 Business freedom 74 2024 points
 Labor freedom 63 2024 points
 Monetary freedom 69.30 2024 points
 Trade freedom 86 2024 points
 Investment freedom 80 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 68 2024 index points
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