South Korea: Trade freedom

The latest value from 2026 is 73 points, unchanged from 73 points in 2025. In comparison, the world average is 70 points, based on data from 175 countries. Historically, the average for South Korea from 1995 to 2026 is 72 points. The minimum value, 65 points, was reached in 2006 while the maximum of 80 points was recorded in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.

The Trade Freedom index for South Korea 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).