(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series
Micronesia: Trade freedom index (0-100)
For that indicator, The Heritage Foundation provides data for Micronesia from 2009 to 2020. The average value for Micronesia during that period was 81 points with a minimum of 71 points in 2020 and a maximum of 86 points in 2016.
The latest value from 2020 is 71 points. For comparison, the world average in 2020 based on 180
countries is 74 points.
See the global rankings for that indicator or
use the country comparator to compare trends over time.
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).