Jamaica: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 70
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 70
 Min - Max 64 - 76
 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 70 points with a minimum of 64 points in 2004 and a maximum of 76 points in 2001. The latest value from 2023 is 70 points. For comparison, the world average in 2023 based on 175 countries is 70 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 - Trade freedom - recent values

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

The Trade Freedom index for Jamaica measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).

 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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