Singapore: Trade freedom

The latest value from 2024 is 95 points, unchanged from 95 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Singapore from 1995 to 2024 is 88 points. The minimum value, 83 points, was reached in 1995 while the maximum of 95 points was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Trade Freedom index for Singapore 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).