Nepal: Trade freedom
* indicates monthly or quarterly data series
Nepal |
Trade freedom index (0-100) |
---|---|
Latest value | 58 |
Year | 2024 |
Measure | points |
Data availability | 1996 - 2024 |
Average | 60 |
Min - Max | 48 - 68 |
Source | The Heritage Foundation |
The latest value from 2024 is 58 points, unchanged from 58 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Nepal from 1996 to 2024 is 60 points. The minimum value, 48 points, was reached in 2000 while the maximum of 68 points was recorded in 2001.
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The Trade Freedom index for Nepal 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).
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Related indicators | Latest | Reference | Measure |
---|---|---|---|
Property rights | 38 | 2024 | points |
Freedom from corruption | 36 | 2024 | points |
Fiscal freedom | 69 | 2024 | points |
Business freedom | 61 | 2024 | points |
Labor freedom | 48 | 2024 | points |
Monetary freedom | 70.00 | 2024 | points |
Trade freedom | 58 | 2024 | points |
Investment freedom | 10 | 2024 | points |
Financial freedom | 30 | 2024 | points |
Economic freedom, overall index | 52 | 2024 | index points |