South Africa: Business freedom

* indicates monthly or quarterly data series
 South Africa

Business freedom index (0-100)

 Latest value 61
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 72
 Min - Max 61 - 85
 Source The Heritage Foundation
For that indicator, we provide data for South Africa from 1995 to 2024. The average value for South Africa during that period was 72 points with a minimum of 61 points in 2024 and a maximum of 85 points in 1995. The latest value from 2024 is 61 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
South Africa - Business freedom - Recent values chart

Historical chart
South Africa - Business freedom - historical chart - 1995-2024

The Business Freedom index for South Africa 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 South Africa 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 value Reference Measure
 Property rights 45 2024 points
 Freedom from corruption 48 2024 points
 Fiscal freedom 20 2024 points
 Business freedom 61 2024 points
 Labor freedom 72 2024 points
 Monetary freedom 74.50 2024 points
 Trade freedom 72 2024 points
 Investment freedom 40 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 55 2024 index points
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