Spain: Trade freedom

* indicates monthly or quarterly data series
 Spain

Trade freedom index (0-100)

 Latest value 84
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 83
 Min - Max 78 - 88
 Source The Heritage Foundation
For that indicator, we provide data for Spain from 1995 to 2024. The average value for Spain during that period was 83 points with a minimum of 78 points in 1995 and a maximum of 88 points in 2010. The latest value from 2024 is 84 points. For comparison, the world average in 2024 based on 176 countries is 70 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
Select indicator
* indicates monthly or quarterly data series


Recent values chart
Spain - Trade freedom - Recent values chart

Historical chart
Spain - Trade freedom - historical chart - 1995-2024




The Trade Freedom index for Spain 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).


 Related indicators Latest value Reference Measure
 Property rights 87 2024 points
 Freedom from corruption 64 2024 points
 Fiscal freedom 0 2024 points
 Business freedom 80 2024 points
 Labor freedom 64 2024 points
 Monetary freedom 74.10 2024 points
 Trade freedom 84 2024 points
 Investment freedom 80 2024 points
 Financial freedom 70 2024 points
 Economic freedom, overall index 63 2024 index points
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