Papua New Guinea: Trade freedom

* indicates monthly or quarterly data series
 Papua New Guinea

Trade freedom index (0-100)

 Latest value 78
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 72
 Min - Max 37 - 87
 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 72 points with a minimum of 37 points in 1997 and a maximum of 87 points in 2009. The latest value from 2024 is 78 points. For comparison, the world average in 2024 based on 176 countries is 70 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 - Trade freedom - Recent values chart

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




The Trade Freedom index for Papua New Guinea measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).

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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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