Nigeria: Investment freedom

* indicates monthly or quarterly data series

Investment freedom index (0-100)

 Latest value 45
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 46
 Min - Max 30 - 70
 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 46 points with a minimum of 30 points in 2005 and a maximum of 70 points in 1996. The latest value from 2023 is 45 points. For comparison, the world average in 2023 based on 175 countries is 57 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 - Investment freedom - recent values

Historical chart
Nigeria - Investment freedom - historical chart - 1995-2023

The Investment Freedom index for Nigeria from The Heritage Foundation measures the restrictions to investment activity both within the country and across borders. A higher score means fewer restrictions.
Definition: The Investment freedom index evaluates a variety of investment restrictions (burdensome bureaucracy, restrictions on land ownership, expropriation of investments without fair compensation, foreign exchange controls, capital control, security problems, a lack of basic investment infrastructure, etc.). Points are deducted from the ideal score of 100 for each of the restrictions found in a country’s investment regime.

 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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