
Libya: Trade freedom
* indicates monthly or quarterly data series
Libya |
Trade freedom index (0-100) |
---|---|
Latest value | 80 |
Year | 2018 |
Measure | points |
Data availability | 1996 - 2018 |
Average | 59 |
Min - Max | 24 - 90 |
Source | The Heritage Foundation |
The latest value from 2018 is 80 points, unchanged from 80 points in 2017. In comparison, the world average is 76 points, based on data from 181 countries. Historically, the average for Libya from 1996 to 2018 is 59 points. The minimum value, 24 points, was reached in 1997 while the maximum of 90 points was recorded in 2009.
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The Trade Freedom index for Libya 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).
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Property rights | 6 | 2024 | points |
Freedom from corruption | 10 | 2024 | points |
Fiscal freedom | 91 | 2018 | points |
Business freedom | 31 | 2023 | points |
Labor freedom | 49 | 2023 | points |
Monetary freedom | 75.10 | 2023 | points |
Trade freedom | 80 | 2018 | points |
Investment freedom | 5 | 2021 | points |
Financial freedom | 20 | 2014 | points |
Economic freedom, overall index | 36 | 2012 | index points |