Iraq: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 43
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 54
 Min - Max 40 - 63
 Source The Heritage Foundation
For that indicator, we provide data for Iraq from 1996 to 2023. The average value for Iraq during that period was 54 points with a minimum of 40 points in 2002 and a maximum of 63 points in 2016. The latest value from 2023 is 43 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
Iraq - Business freedom - Recent values chart

Historical chart
Iraq - Business freedom - historical chart - 1996-2023

The Business Freedom index for Iraq 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 Iraq 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 15 2024 points
 Freedom from corruption 18 2024 points
 Fiscal freedom 96 2014 points
 Business freedom 43 2023 points
 Labor freedom 57 2023 points
 Monetary freedom 67.10 2023 points
 Trade freedom 40 2002 points
 Investment freedom 10 2002 points
 Financial freedom 10 2002 points
 Economic freedom, overall index 16 2002 index points
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