Jamaica: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 68
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 76
 Min - Max 57 - 88
 Source The Heritage Foundation
For that indicator, we provide data for Jamaica from 1995 to 2023. The average value for Jamaica during that period was 76 points with a minimum of 57 points in 2022 and a maximum of 88 points in 2009. The latest value from 2023 is 68 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
Jamaica - Business freedom - recent values

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

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).

 Related indicators Latest value Reference Measure
 Property rights 66 2023 points
 Freedom from corruption 49 2023 points
 Fiscal freedom 83 2023 points
 Business freedom 68 2023 points
 Labor freedom 64 2023 points
 Monetary freedom 75.10 2023 points
 Trade freedom 70 2023 points
 Investment freedom 70 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 68 2023 index points
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