Saudi Arabia: Trade freedom

* indicates monthly or quarterly data series
 Saudi Arabia

Trade freedom index (0-100)

 Latest value 74
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 71
 Min - Max 59 - 83
 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 71 points with a minimum of 59 points in 1996 and a maximum of 83 points in 2010. The latest value from 2024 is 74 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
Saudi Arabia - Trade freedom - Recent values chart

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

The Trade Freedom index for Saudi Arabia 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).

 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
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