Saudi Arabia: Monetary freedom

* indicates monthly or quarterly data series
 Saudi Arabia

Monetary freedom index (0-100)

 Latest value 78.9
 Year 2023
 Measure points
 Data availability 1996 - 2023
 Average 77.76
 Min - Max 62.3 - 91.9
 Source The Heritage Foundation
For that indicator, we provide data for Saudi Arabia from 1996 to 2023. The average value for Saudi Arabia during that period was 77.76 points with a minimum of 62.3 points in 2010 and a maximum of 91.9 points in 2004. The latest value from 2023 is 78.9 points. For comparison, the world average in 2023 based on 176 countries is 72.44 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
Saudi Arabia - Monetary freedom - recent values

Historical chart
Saudi Arabia - Monetary freedom - historical chart - 1996-2023

The Monetary Freedom index for Saudi Arabia from The Heritage Foundation reflects the stability of prices in Saudi Arabia and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

 Related indicators Latest value Reference Measure
 Property rights 47 2023 points
 Freedom from corruption 50 2023 points
 Fiscal freedom 41 2023 points
 Business freedom 72 2023 points
 Labor freedom 43 2023 points
 Monetary freedom 78.90 2023 points
 Trade freedom 74 2023 points
 Investment freedom 50 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 58 2023 index points
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