New Zealand: Business freedom

* indicates monthly or quarterly data series
 New Zealand

Business freedom index (0-100)

 Latest value 89
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 91
 Min - Max 81 - 100
 Source The Heritage Foundation
For that indicator, we provide data for New Zealand from 1996 to 2023. The average value for New Zealand during that period was 91 points with a minimum of 81 points in 2022 and a maximum of 100 points in 2006. The latest value from 2023 is 89 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
New Zealand - Business freedom - recent values

Historical chart
New Zealand - Business freedom - historical chart - 1996-2023

The Business Freedom index for New Zealand 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 New Zealand 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 88 2023 points
 Freedom from corruption 97 2023 points
 Fiscal freedom 72 2023 points
 Business freedom 89 2023 points
 Labor freedom 72 2023 points
 Monetary freedom 78.70 2023 points
 Trade freedom 90 2023 points
 Investment freedom 70 2023 points
 Financial freedom 80 2023 points
 Economic freedom, overall index 79 2023 index points
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