Slovakia: Business freedom

* indicates monthly or quarterly data series
 Slovakia

Business freedom index (0-100)

 Latest value 76
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 70
 Min - Max 55 - 85
 Source The Heritage Foundation
The latest value from 2024 is 76 points, an increase from 72 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Slovakia from 1995 to 2024 is 70 points. The minimum value, 55 points, was reached in 2020 while the maximum of 85 points was recorded in 1995. 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 data
Slovakia - Business freedom - Recent values chart

Historical series
Slovakia - Business freedom - historical chart - 1995-2024




The Business Freedom index for Slovakia 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 Slovakia 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).

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 Related indicators Latest Reference Measure
 Property rights 85 2024 points
 Freedom from corruption 56 2024 points
 Fiscal freedom 64 2024 points
 Business freedom 76 2024 points
 Labor freedom 58 2024 points
 Monetary freedom 66.10 2024 points
 Trade freedom 79 2024 points
 Investment freedom 75 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 68 2024 index points
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