Madagascar: Business freedom

* indicates monthly or quarterly data series

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
For that indicator, we provide data for Madagascar from 1995 to 2024. The average value for Madagascar during that period was 59 points with a minimum of 37 points in 2022 and a maximum of 72 points in 2010. The latest value from 2024 is 38 points. For comparison, the world average in 2024 based on 175 countries is 62 points. 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 values chart
Madagascar - Business freedom - Recent values chart

Historical chart
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).

 Related indicators Latest value 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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