Nigeria: Economic freedom, overall index

* indicates monthly or quarterly data series

Economic freedom, overall index (0-100)

 Latest value 53
 Year 2024
 Measure index points
 Data availability 1995 - 2024
 Average 54
 Min - Max 47 - 59
 Source The Heritage Foundation
For that indicator, we provide data for Nigeria from 1995 to 2024. 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 2024 is 53 index points. For comparison, the world average in 2024 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.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Nigeria - Economic freedom, overall index - Recent values chart

Historical chart
Nigeria - Economic freedom, overall index - historical chart - 1995-2024

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.

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

 Related indicators Latest value Reference Measure
 Property rights 25 2024 points
 Freedom from corruption 22 2024 points
 Fiscal freedom 44 2024 points
 Business freedom 43 2024 points
 Labor freedom 74 2024 points
 Monetary freedom 63.20 2024 points
 Trade freedom 68 2024 points
 Investment freedom 45 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 53 2024 index points
This site uses cookies.
Learn more here