Macedonia: Business freedom
(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series
Macedonia: Business freedom index (0-100): For that indicator, The Heritage Foundation provides data for Macedonia from 2002 to 2019. The average value for Macedonia during that period was 68 points with a minumum of 54 points in 2006 and a maximum of 83 points in 2018. See the global rankings for that indicator or use the country comparator to compare trends over time.
The Business Freedom index for Macedonia 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 Macedonia 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).