South Africa: Monetary freedom

* indicates monthly or quarterly data series
 South Africa

Monetary freedom index (0-100)

 Latest value 74.50
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 76.41
 Min - Max 70.20 - 83.70
 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 76.41 points with a minimum of 70.2 points in 2010 and a maximum of 83.7 points in 2006. The latest value from 2024 is 74.5 points. For comparison, the world average in 2024 based on 174 countries is 67.58 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 - Monetary freedom - Recent values chart

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




The Monetary Freedom index for South Africa from The Heritage Foundation reflects the stability of prices in South Africa and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

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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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