Ireland: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 91
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 86
 Min - Max 80 - 94
 Source The Heritage Foundation
For that indicator, we provide data for Ireland from 1995 to 2024. The average value for Ireland during that period was 86 points with a minimum of 80 points in 2016 and a maximum of 94 points in 2006. The latest value from 2024 is 91 points. For comparison, the world average in 2024 based on 175 countries is 62 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
Ireland - Business freedom - Recent values chart

Historical chart
Ireland - Business freedom - historical chart - 1995-2024

The Business Freedom index for Ireland 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 Ireland 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).

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 Related indicators Latest value Reference Measure
 Property rights 94 2024 points
 Freedom from corruption 83 2024 points
 Fiscal freedom 92 2024 points
 Business freedom 91 2024 points
 Labor freedom 63 2024 points
 Monetary freedom 74.50 2024 points
 Trade freedom 79 2024 points
 Investment freedom 90 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 83 2024 index points
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