Micronesia: Trade freedom

* indicates monthly or quarterly data series
 Micronesia

Trade freedom index (0-100)

 Latest value 75
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 80
 Min - Max 71 - 86
 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 80 points with a minimum of 71 points in 2020 and a maximum of 86 points in 2016. The latest value from 2024 is 75 points. For comparison, the world average in 2024 based on 176 countries is 70 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Micronesia - Trade freedom - Recent values chart

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




The Trade Freedom index for Micronesia 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).


 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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