South Korea: Trade freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

South Korea: Trade freedom index (0-100)

: For that indicator, we provide data for South Korea from 1995 to 2020. The average value for South Korea during that period was 72 points with a minimum of 65 points in 2006 and a maximum of 80 points in 2017. The latest value from 2020 is 80 points. For comparison, the world average in 2020 based on 180 countries is 74 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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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).
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