Jamaica: Business freedom

* indicates monthly or quarterly data series
 Jamaica

Business freedom index (0-100)

 Latest value 70
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 76
 Min - Max 57 - 88
 Source The Heritage Foundation
The latest value from 2024 is 70 points, an increase from 68 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Jamaica from 1995 to 2024 is 76 points. The minimum value, 57 points, was reached in 2022 while the maximum of 88 points was recorded in 2009. 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 data
Jamaica - Business freedom - Recent values chart

Historical series
Jamaica - Business freedom - historical chart - 1995-2024




The Business Freedom index for Jamaica 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 Jamaica 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 Reference Measure
 Property rights 66 2024 points
 Freedom from corruption 48 2024 points
 Fiscal freedom 88 2024 points
 Business freedom 70 2024 points
 Labor freedom 65 2024 points
 Monetary freedom 71.20 2024 points
 Trade freedom 72 2024 points
 Investment freedom 70 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 68 2024 index points
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