Nicaragua: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 67
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 74
 Min - Max 54 - 86
 Source The Heritage Foundation
For that indicator, we provide data for Nicaragua from 1995 to 2024. The average value for Nicaragua during that period was 74 points with a minimum of 54 points in 1995 and a maximum of 86 points in 2016. The latest value from 2024 is 67 points. For comparison, the world average in 2024 based on 176 countries is 70 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
Nicaragua - Trade freedom - Recent values chart

Historical chart
Nicaragua - Trade freedom - historical chart - 1995-2024

The Trade Freedom index for Nicaragua 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).

 Related indicators Latest value Reference Measure
 Property rights 28 2024 points
 Freedom from corruption 16 2024 points
 Fiscal freedom 95 2024 points
 Business freedom 52 2024 points
 Labor freedom 47 2024 points
 Monetary freedom 66.50 2024 points
 Trade freedom 67 2024 points
 Investment freedom 60 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 53 2024 index points
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