Guinea-Bissau: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 32
 Year 2023
 Measure points
 Data availability 1999 - 2023
 Average 36
 Min - Max 23 - 48
 Source The Heritage Foundation
For that indicator, we provide data for Guinea-Bissau from 1999 to 2023. The average value for Guinea-Bissau during that period was 36 points with a minimum of 23 points in 2010 and a maximum of 48 points in 2018. The latest value from 2023 is 32 points. For comparison, the world average in 2023 based on 179 countries is 60 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
Guinea-Bissau - Business freedom - recent values

Historical chart
Guinea-Bissau - Business freedom - historical chart - 1999-2023

The Business Freedom index for Guinea-Bissau 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 Guinea-Bissau 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 28 2023 points
 Freedom from corruption 19 2023 points
 Fiscal freedom 22 2023 points
 Business freedom 32 2023 points
 Labor freedom 57 2023 points
 Monetary freedom 79.90 2023 points
 Trade freedom 51 2023 points
 Investment freedom 30 2023 points
 Financial freedom 30 2023 points
 Economic freedom, overall index 45 2023 index points
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