Russia: Business freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

Russia: Business freedom index (0-100)

, 1995 - 2021: For that indicator, we provide data for Russia from 1995 to 2021. The average value for Russia during that period was 64 points with a minimum of 51 points in 2011 and a maximum of 85 points in 1995. The latest value from 2021 is 84 points. For comparison, the world average in 2021 based on 181 countries is 63 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
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The Business Freedom index for Russia 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 Russia 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).
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