Laos: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 56
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 52
 Min - Max 40 - 66
 Source The Heritage Foundation
For that indicator, we provide data for Laos from 1996 to 2024. The average value for Laos during that period was 52 points with a minimum of 40 points in 1996 and a maximum of 66 points in 2017. The latest value from 2024 is 56 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
Laos - Business freedom - Recent values chart

Historical chart
Laos - Business freedom - historical chart - 1996-2024

The Business Freedom index for Laos 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 Laos 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 44 2024 points
 Freedom from corruption 23 2024 points
 Fiscal freedom 67 2024 points
 Business freedom 56 2024 points
 Labor freedom 43 2024 points
 Monetary freedom 59.10 2024 points
 Trade freedom 68 2024 points
 Investment freedom 35 2024 points
 Financial freedom 20 2024 points
 Economic freedom, overall index 51 2024 index points
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