Guinea: Business freedom

* indicates monthly or quarterly data series
 Guinea

Business freedom index (0-100)

 Latest value 45
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 51
 Min - Max 39 - 70
 Source The Heritage Foundation
For that indicator, we provide data for Guinea from 1995 to 2023. The average value for Guinea during that period was 51 points with a minimum of 39 points in 2012 and a maximum of 70 points in 1995. The latest value from 2023 is 45 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 - Business freedom - recent values

Historical chart
Guinea - Business freedom - historical chart - 1995-2023




The Business Freedom index for Guinea 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 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 20 2023 points
 Freedom from corruption 24 2023 points
 Fiscal freedom 92 2023 points
 Business freedom 45 2023 points
 Labor freedom 50 2023 points
 Monetary freedom 68.20 2023 points
 Trade freedom 59 2023 points
 Investment freedom 50 2023 points
 Financial freedom 40 2023 points
 Economic freedom, overall index 53 2023 index points
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