Papua New Guinea: Economic freedom, overall index

* indicates monthly or quarterly data series
 Papua New Guinea

Economic freedom, overall index (0-100)

 Latest value 49
 Year 2024
 Measure index points
 Data availability 1996 - 2024
 Average 55
 Min - Max 49 - 59
 Source The Heritage Foundation
For that indicator, we provide data for Papua New Guinea from 1996 to 2024. The average value for Papua New Guinea during that period was 55 index points with a minimum of 49 index points in 2024 and a maximum of 59 index points in 1996. The latest value from 2024 is 49 index points. For comparison, the world average in 2024 based on 174 countries is 59 index 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
Papua New Guinea - Economic freedom, overall index - Recent values chart

Historical chart
Papua New Guinea - Economic freedom, overall index - historical chart - 1996-2024




Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.

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 Related indicators Latest value Reference Measure
 Property rights 43 2024 points
 Freedom from corruption 29 2024 points
 Fiscal freedom 17 2024 points
 Business freedom 35 2024 points
 Labor freedom 65 2024 points
 Monetary freedom 70.80 2024 points
 Trade freedom 78 2024 points
 Investment freedom 25 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 49 2024 index points
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