Madagascar: Business freedom

* indicates monthly or quarterly data series
 Madagascar

Business freedom index (0-100)

 Latest value 38
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 59
 Min - Max 37 - 72
 Source The Heritage Foundation
The latest value from 2024 is 38 points, a decline from 39 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Madagascar from 1995 to 2024 is 59 points. The minimum value, 37 points, was reached in 2022 while the maximum of 72 points was recorded in 2010. 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
Madagascar - Business freedom - Recent values chart

Historical series
Madagascar - Business freedom - historical chart - 1995-2024




The Business Freedom index for Madagascar 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 Madagascar 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).

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 Related indicators Latest Reference Measure
 Property rights 41 2024 points
 Freedom from corruption 25 2024 points
 Fiscal freedom 64 2024 points
 Business freedom 38 2024 points
 Labor freedom 56 2024 points
 Monetary freedom 73.00 2024 points
 Trade freedom 68 2024 points
 Investment freedom 55 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 57 2024 index points
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