Libya: Business freedom

The latest value from 2026 is 32 points, an increase from 31 points in 2023. In comparison, the world average is 62 points, based on data from 182 countries. Historically, the average for Libya from 1996 to 2026 is 37 points. The minimum value, 20 points, was reached in 2006 while the maximum of 65 points was recorded in 2017. See the global rankings or world map for that indicator or use the country comparator to compare trends over time.

The Business Freedom index for Libya 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 Libya 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).