Russia: Business freedom

* indicates monthly or quarterly data series
 Russia

Business freedom index (0-100)

 Latest value 54
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 63
 Min - Max 51 - 85
 Source The Heritage Foundation
For that indicator, we provide data for Russia from 1995 to 2024. The average value for Russia during that period was 63 points with a minimum of 51 points in 2011 and a maximum of 85 points in 1995. The latest value from 2024 is 54 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
Russia - Business freedom - Recent values chart

Historical chart
Russia - Business freedom - historical chart - 1995-2024




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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 Related indicators Latest value Reference Measure
 Property rights 21 2024 points
 Freedom from corruption 26 2024 points
 Fiscal freedom 96 2024 points
 Business freedom 54 2024 points
 Labor freedom 57 2024 points
 Monetary freedom 58.90 2024 points
 Trade freedom 69 2024 points
 Investment freedom 30 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 52 2024 index points
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