Nicaragua: Trade freedom

* indicates monthly or quarterly data series
 Nicaragua

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
The latest value from 2024 is 67 points, an increase from 66 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Nicaragua from 1995 to 2024 is 74 points. The minimum value, 54 points, was reached in 1995 while the maximum of 86 points was recorded in 2016. 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 data
Nicaragua - Trade freedom - Recent values chart

Historical series
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).

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 Related indicators Latest 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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