Serbia: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 74
 Year 2023
 Measure points
 Data availability 2002 - 2023
 Average 61
 Min - Max 40 - 74
 Source The Heritage Foundation
For that indicator, we provide data for Serbia from 2002 to 2023. The average value for Serbia during that period was 61 points with a minimum of 40 points in 2002 and a maximum of 74 points in 2022. The latest value from 2023 is 74 points. For comparison, the world average in 2023 based on 179 countries is 60 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
Serbia - Business freedom - recent values

Historical chart
Serbia - Business freedom - historical chart - 2002-2023

The Business Freedom index for Serbia 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 Serbia 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 59 2023 points
 Freedom from corruption 38 2023 points
 Fiscal freedom 74 2023 points
 Business freedom 74 2023 points
 Labor freedom 68 2023 points
 Monetary freedom 78.60 2023 points
 Trade freedom 76 2023 points
 Investment freedom 70 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 64 2023 index points
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