Liberia: Business freedom

* indicates monthly or quarterly data series
 Liberia

Business freedom index (0-100)

 Latest value 34
 Year 2023
 Measure points
 Data availability 2009 - 2023
 Average 51
 Min - Max 34 - 62
 Source The Heritage Foundation
For that indicator, we provide data for Liberia from 2009 to 2023. The average value for Liberia during that period was 51 points with a minimum of 34 points in 2023 and a maximum of 62 points in 2014. The latest value from 2023 is 34 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
Liberia - Business freedom - recent values

Historical chart
Liberia - Business freedom - historical chart - 2009-2023




The Business Freedom index for Liberia 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 Liberia 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 32 2023 points
 Freedom from corruption 26 2023 points
 Fiscal freedom 73 2023 points
 Business freedom 34 2023 points
 Labor freedom 43 2023 points
 Monetary freedom 68.30 2023 points
 Trade freedom 67 2023 points
 Investment freedom 55 2023 points
 Financial freedom 20 2023 points
 Economic freedom, overall index 50 2023 index points
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