Micronesia: Business freedom

* indicates monthly or quarterly data series
 Micronesia

Business freedom index (0-100)

 Latest value 53
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 56
 Min - Max 51 - 60
 Source The Heritage Foundation
For that indicator, we provide data for Micronesia from 2009 to 2024. The average value for Micronesia during that period was 56 points with a minimum of 51 points in 2015 and a maximum of 60 points in 2009. The latest value from 2024 is 53 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
Micronesia - Business freedom - Recent values chart

Historical chart
Micronesia - Business freedom - historical chart - 2009-2024




The Business Freedom index for Micronesia 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 Micronesia 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 2024 points
 Freedom from corruption 57 2024 points
 Fiscal freedom 100 2024 points
 Business freedom 53 2024 points
 Labor freedom 73 2024 points
 Monetary freedom 77.60 2024 points
 Trade freedom 75 2024 points
 Investment freedom 35 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 61 2024 index points
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