Namibia: Business freedom

* indicates monthly or quarterly data series
 Namibia

Business freedom index (0-100)

 Latest value 56
 Year 2023
 Measure points
 Data availability 1997 - 2023
 Average 68
 Min - Max 55 - 76
 Source The Heritage Foundation
For that indicator, we provide data for Namibia from 1997 to 2023. The average value for Namibia during that period was 68 points with a minimum of 55 points in 1997 and a maximum of 76 points in 2007. The latest value from 2023 is 56 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
Namibia - Business freedom - recent values

Historical chart
Namibia - Business freedom - historical chart - 1997-2023




The Business Freedom index for Namibia 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 Namibia 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 64 2023 points
 Freedom from corruption 53 2023 points
 Fiscal freedom 10 2023 points
 Business freedom 56 2023 points
 Labor freedom 63 2023 points
 Monetary freedom 78.50 2023 points
 Trade freedom 72 2023 points
 Investment freedom 65 2023 points
 Financial freedom 40 2023 points
 Economic freedom, overall index 58 2023 index points
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