Sierra Leone: Business freedom

* indicates monthly or quarterly data series
 Sierra Leone

Business freedom index (0-100)

 Latest value 32
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 51
 Min - Max 32 - 70
 Source The Heritage Foundation
For that indicator, we provide data for Sierra Leone from 1995 to 2024. The average value for Sierra Leone during that period was 51 points with a minimum of 32 points in 2024 and a maximum of 70 points in 1995. The latest value from 2024 is 32 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
Sierra Leone - Business freedom - Recent values chart

Historical chart
Sierra Leone - Business freedom - historical chart - 1995-2024

The Business Freedom index for Sierra Leone 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 Sierra Leone 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 34 2024 points
 Freedom from corruption 35 2024 points
 Fiscal freedom 2 2024 points
 Business freedom 32 2024 points
 Labor freedom 24 2024 points
 Monetary freedom 60.20 2024 points
 Trade freedom 64 2024 points
 Investment freedom 60 2024 points
 Financial freedom 20 2024 points
 Economic freedom, overall index 45 2024 index points
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