Montenegro: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 67
 Year 2023
 Measure points
 Data availability 2002 - 2023
 Average 68
 Min - Max 40 - 78
 Source The Heritage Foundation
For that indicator, we provide data for Montenegro from 2002 to 2023. The average value for Montenegro during that period was 68 points with a minimum of 40 points in 2002 and a maximum of 78 points in 2014. The latest value from 2023 is 67 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
Montenegro - Business freedom - recent values

Historical chart
Montenegro - Business freedom - historical chart - 2002-2023

The Business Freedom index for Montenegro 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 Montenegro 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 60 2023 points
 Freedom from corruption 47 2023 points
 Fiscal freedom 48 2023 points
 Business freedom 67 2023 points
 Labor freedom 62 2023 points
 Monetary freedom 81.80 2023 points
 Trade freedom 79 2023 points
 Investment freedom 75 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 61 2023 index points
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