Guinea-Bissau: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 51
 Year 2023
 Measure points
 Data availability 1999 - 2023
 Average 57
 Min - Max 29 - 67
 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 57 points with a minimum of 29 points in 1999 and a maximum of 67 points in 2009. The latest value from 2023 is 51 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
Guinea-Bissau - Trade freedom - recent values

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

The Trade Freedom index for Guinea-Bissau 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 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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