Latvia: Economic freedom, overall index

* indicates monthly or quarterly data series

Economic freedom, overall index (0-100)

 Latest value 72
 Year 2024
 Measure index points
 Data availability 1996 - 2024
 Average 68
 Min - Max 55 - 75
 Source The Heritage Foundation
For that indicator, we provide data for Latvia from 1996 to 2024. The average value for Latvia during that period was 68 index points with a minimum of 55 index points in 1996 and a maximum of 75 index points in 2017. The latest value from 2024 is 72 index points. For comparison, the world average in 2024 based on 174 countries is 59 index 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
Latvia - Economic freedom, overall index - Recent values chart

Historical chart
Latvia - Economic freedom, overall index - historical chart - 1996-2024

Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.

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 Related indicators Latest value Reference Measure
 Property rights 88 2024 points
 Freedom from corruption 65 2024 points
 Fiscal freedom 67 2024 points
 Business freedom 82 2024 points
 Labor freedom 66 2024 points
 Monetary freedom 67.80 2024 points
 Trade freedom 79 2024 points
 Investment freedom 85 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 72 2024 index points
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