Papua New Guinea: Business freedom

* indicates monthly or quarterly data series
 Papua New Guinea

Business freedom index (0-100)

 Latest value 35
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 57
 Min - Max 35 - 70
 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 57 points with a minimum of 35 points in 2024 and a maximum of 70 points in 1996. The latest value from 2024 is 35 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
Papua New Guinea - Business freedom - Recent values chart

Historical chart
Papua New Guinea - Business freedom - historical chart - 1996-2024




The Business Freedom index for Papua New Guinea 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 Papua New Guinea 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 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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