Oman: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 66
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 70
 Min - Max 56 - 85
 Source The Heritage Foundation
For that indicator, we provide data for Oman from 1995 to 2024. The average value for Oman during that period was 70 points with a minimum of 56 points in 2008 and a maximum of 85 points in 1995. The latest value from 2024 is 66 points. For comparison, the world average in 2024 based on 175 countries is 62 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
Oman - Business freedom - Recent values chart

Historical chart
Oman - Business freedom - historical chart - 1995-2024

The Business Freedom index for Oman from The Heritage Foundation measures the ability to start, operate, and close a business. It reflects the overall burden of regulations and the efficiency of the government of Oman in the regulatory process.
Definition: The Business freedom index is based on 10 indicators, using data from the World Bank’s Doing Business study: Starting a business-procedures (number), time (days), cost (% of income per capita), and minimum capital (% of income per capita); Obtaining a license—procedures (number), time (days), and cost (% of income per capita); Closing a business—time (years), cost (% of estate), and recovery rate (cents on the dollar).

 Related indicators Latest value Reference Measure
 Property rights 73 2024 points
 Freedom from corruption 42 2024 points
 Fiscal freedom 74 2024 points
 Business freedom 66 2024 points
 Labor freedom 53 2024 points
 Monetary freedom 80.30 2024 points
 Trade freedom 76 2024 points
 Investment freedom 60 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 63 2024 index points
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