Nigeria: Economic freedom, overall index

* indicates monthly or quarterly data series
 Nigeria

Economic freedom, overall index (0-100)

 Latest value 54
 Year 2023
 Measure index points
 Data availability 1995 - 2023
 Average 54
 Min - Max 47 - 59
 Source The Heritage Foundation
For that indicator, we provide data for Nigeria from 1995 to 2023. The average value for Nigeria during that period was 54 index points with a minimum of 47 index points in 1995 and a maximum of 59 index points in 2018. The latest value from 2023 is 54 index points. For comparison, the world average in 2023 based on 174 countries is 59 index 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
Nigeria - Economic freedom, overall index - recent values

Historical chart
Nigeria - Economic freedom, overall index - historical chart - 1995-2023




Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.


 Related indicators Latest value Reference Measure
 Property rights 24 2023 points
 Freedom from corruption 23 2023 points
 Fiscal freedom 50 2023 points
 Business freedom 44 2023 points
 Labor freedom 74 2023 points
 Monetary freedom 65.00 2023 points
 Trade freedom 68 2023 points
 Investment freedom 45 2023 points
 Financial freedom 40 2023 points
 Economic freedom, overall index 54 2023 index points
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