Spain: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 75
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 73
 Min - Max 66 - 81
 Source The Heritage Foundation
For that indicator, we provide data for Spain from 1995 to 2023. The average value for Spain during that period was 73 points with a minimum of 66 points in 2018 and a maximum of 81 points in 2012. The latest value from 2023 is 75 points. For comparison, the world average in 2023 based on 179 countries is 60 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
Spain - Business freedom - recent values

Historical chart
Spain - Business freedom - historical chart - 1995-2023

The Business Freedom index for Spain 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 Spain 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).

 Related indicators Latest value Reference Measure
 Property rights 87 2023 points
 Freedom from corruption 67 2023 points
 Fiscal freedom 7 2023 points
 Business freedom 75 2023 points
 Labor freedom 62 2023 points
 Monetary freedom 80.60 2023 points
 Trade freedom 84 2023 points
 Investment freedom 85 2023 points
 Financial freedom 70 2023 points
 Economic freedom, overall index 65 2023 index points
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