Senegal: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 54
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 55
 Min - Max 48 - 65
 Source The Heritage Foundation
For that indicator, we provide data for Senegal from 1996 to 2024. The average value for Senegal during that period was 55 points with a minimum of 48 points in 2014 and a maximum of 65 points in 2009. 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
Senegal - Business freedom - Recent values chart

Historical chart
Senegal - Business freedom - historical chart - 1996-2024

The Business Freedom index for Senegal 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 Senegal 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).

 Related indicators Latest value Reference Measure
 Property rights 56 2024 points
 Freedom from corruption 46 2024 points
 Fiscal freedom 22 2024 points
 Business freedom 54 2024 points
 Labor freedom 55 2024 points
 Monetary freedom 68.00 2024 points
 Trade freedom 66 2024 points
 Investment freedom 60 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 55 2024 index points
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