Libya: Trade freedom

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. See the global rankings for that indicator or use the country comparator to compare trends over time.

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).