Guatemala: Trade freedom
* indicates monthly or quarterly data series
Guatemala |
Trade freedom index (0-100) |
---|---|
Latest value | 75 |
Year | 2024 |
Measure | points |
Data availability | 1995 - 2024 |
Average | 77 |
Min - Max | 52 - 87 |
Source | The Heritage Foundation |
The latest value from 2024 is 75 points, unchanged from 75 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Guatemala from 1995 to 2024 is 77 points. The minimum value, 52 points, was reached in 1995 while the maximum of 87 points was recorded in 2017.
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The Trade Freedom index for Guatemala 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).
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International lending and sovereign debt
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Property rights | 39 | 2024 | points |
Freedom from corruption | 23 | 2024 | points |
Fiscal freedom | 88 | 2024 | points |
Business freedom | 66 | 2024 | points |
Labor freedom | 50 | 2024 | points |
Monetary freedom | 74.60 | 2024 | points |
Trade freedom | 75 | 2024 | points |
Investment freedom | 70 | 2024 | points |
Financial freedom | 50 | 2024 | points |
Economic freedom, overall index | 62 | 2024 | index points |