Panama: Business freedom

* indicates monthly or quarterly data series
 Panama

Business freedom index (0-100)

 Latest value 74
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 72
 Min - Max 67 - 76
 Source The Heritage Foundation
For that indicator, we provide data for Panama from 1995 to 2024. The average value for Panama during that period was 72 points with a minimum of 67 points in 2022 and a maximum of 76 points in 2010. The latest value from 2024 is 74 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
Panama - Business freedom - Recent values chart

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




The Business Freedom index for Panama 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 Panama 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 57 2024 points
 Freedom from corruption 37 2024 points
 Fiscal freedom 21 2024 points
 Business freedom 74 2024 points
 Labor freedom 62 2024 points
 Monetary freedom 75.10 2024 points
 Trade freedom 78 2024 points
 Investment freedom 75 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 64 2024 index points
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