Serbia: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 76
 Year 2023
 Measure points
 Data availability 2002 - 2023
 Average 78
 Min - Max 68 - 88
 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 78 points with a minimum of 68 points in 2003 and a maximum of 88 points in 2002. The latest value from 2023 is 76 points. For comparison, the world average in 2023 based on 175 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
Serbia - Trade freedom - recent values

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

The Trade Freedom index for Serbia 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 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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