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 |
The latest value from 2024 is 49 index points, a decline from 52 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for Papua New Guinea from 1996 to 2024 is 55 index points. The minimum value, 49 index points, was reached in 2024 while the maximum of 59 index points was recorded in 1996.
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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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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | 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 |