Nigeria: Trade freedom

* indicates monthly or quarterly data series
 Nigeria

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
The latest value from 2024 is 68 points, unchanged from 68 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Nigeria from 1995 to 2024 is 57 points. The minimum value, 27 points, was reached in 2001 while the maximum of 69 points was recorded in 2022. 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
Nigeria - Trade freedom - Recent values chart

Historical series
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).

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 Related indicators Latest 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
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