North Macedonia: Trade freedom

* indicates monthly or quarterly data series
 North Macedonia

Trade freedom index (0-100)

 Latest value 78
 Year 2024
 Measure points
 Data availability 2002 - 2024
 Average 78
 Min - Max 56 - 88
 Source The Heritage Foundation
The latest value from 2024 is 78 points, unchanged from 78 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for North Macedonia from 2002 to 2024 is 78 points. The minimum value, 56 points, was reached in 2003 while the maximum of 88 points was recorded in 2018. 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 data
North Macedonia - Trade freedom - Recent values chart

Historical series
North Macedonia - Trade freedom - historical chart - 2002-2024




The Trade Freedom index for North Macedonia 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 59 2024 points
 Freedom from corruption 41 2024 points
 Fiscal freedom 38 2024 points
 Business freedom 70 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 64.60 2024 points
 Trade freedom 78 2024 points
 Investment freedom 65 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 61 2024 index points
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