Hong Kong: Business freedom

* indicates monthly or quarterly data series
 Hong Kong

Business freedom index (0-100)

 Latest value 96
 Year 2020
 Measure points
 Data availability 1995 - 2020
 Average 98
 Min - Max 88 - 100
 Source The Heritage Foundation
For that indicator, we provide data for Hong Kong from 1995 to 2020. The average value for Hong Kong during that period was 98 points with a minimum of 88 points in 2007 and a maximum of 100 points in 1995. The latest value from 2020 is 96 points. For comparison, the world average in 2020 based on 182 countries is 63 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
Hong Kong - Business freedom - recent values

Historical chart
Hong Kong - Business freedom - historical chart - 1995-2020

The Business Freedom index for Hong Kong 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 Hong Kong 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 94 2020 points
 Freedom from corruption 85 2020 points
 Fiscal freedom 93 2020 points
 Business freedom 96 2020 points
 Labor freedom 89 2020 points
 Monetary freedom 80.70 2020 points
 Trade freedom 95 2020 points
 Investment freedom 80 2020 points
 Financial freedom 90 2020 points
 Economic freedom, overall index 89 2020 index points
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