Saudi Arabia: Business freedom

* indicates monthly or quarterly data series
 Saudi Arabia

Business freedom index (0-100)

 Latest value 70
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 73
 Min - Max 51 - 88
 Source The Heritage Foundation
For that indicator, we provide data for Saudi Arabia from 1996 to 2024. The average value for Saudi Arabia during that period was 73 points with a minimum of 51 points in 2006 and a maximum of 88 points in 2012. The latest value from 2024 is 70 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.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Saudi Arabia - Business freedom - Recent values chart

Historical chart
Saudi Arabia - Business freedom - historical chart - 1996-2024

The Business Freedom index for Saudi Arabia 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 Saudi Arabia 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).

Selected articles from our guide:

What factors determine the exchange rates

International lending and sovereign debt

Are trade deficits bad for the economy?

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

 Related indicators Latest value Reference Measure
 Property rights 48 2024 points
 Freedom from corruption 44 2024 points
 Fiscal freedom 80 2024 points
 Business freedom 70 2024 points
 Labor freedom 44 2024 points
 Monetary freedom 79.60 2024 points
 Trade freedom 74 2024 points
 Investment freedom 50 2024 points
 Financial freedom 50 2024 points
 Economic freedom, overall index 62 2024 index points
This site uses cookies.
Learn more here