Malaysia: Business freedom

* indicates monthly or quarterly data series
 Malaysia

Business freedom index (0-100)

 Latest value 70
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 79
 Min - Max 67 - 94
 Source The Heritage Foundation
For that indicator, we provide data for Malaysia from 1995 to 2023. The average value for Malaysia during that period was 79 points with a minimum of 67 points in 2022 and a maximum of 94 points in 2015. The latest value from 2023 is 70 points. For comparison, the world average in 2023 based on 179 countries is 60 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
Malaysia - Business freedom - recent values

Historical chart
Malaysia - Business freedom - historical chart - 1995-2023




The Business Freedom index for Malaysia 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 Malaysia 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 65 2023 points
 Freedom from corruption 52 2023 points
 Fiscal freedom 65 2023 points
 Business freedom 70 2023 points
 Labor freedom 58 2023 points
 Monetary freedom 81.10 2023 points
 Trade freedom 83 2023 points
 Investment freedom 60 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 67 2023 index points
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