Nicaragua: Trade freedom index (0-100): For that indicator, The Heritage Foundation provides data for Nicaragua from 1995 to 2017. The average value for Nicaragua during that period was 74 points with a minumum of 54 points in 1995 and a maximum of 86 points in 2016. See the global rankings for that indicator or use the country comparator to compare trends over time.
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).