Nigeria: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 68
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 57
 Min - Max 27 - 69
 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 57 points with a minimum of 27 points in 2001 and a maximum of 69 points in 2022. The latest value from 2024 is 68 points. For comparison, the world average in 2024 based on 176 countries is 70 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 - Trade freedom - Recent values chart

Historical chart
Nigeria - Trade freedom - historical chart - 1995-2024

The Trade Freedom index for Nigeria 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).

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