Sri Lanka: Business freedom

* indicates monthly or quarterly data series
 Sri Lanka

Business freedom index (0-100)

 Latest value 54
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 72
 Min - Max 54 - 85
 Source The Heritage Foundation
For that indicator, we provide data for Sri Lanka from 1995 to 2023. The average value for Sri Lanka during that period was 72 points with a minimum of 54 points in 2023 and a maximum of 85 points in 1997. The latest value from 2023 is 54 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
Sri Lanka - Business freedom - recent values

Historical chart
Sri Lanka - Business freedom - historical chart - 1995-2023

The Business Freedom index for Sri Lanka 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 Sri Lanka 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 52 2023 points
 Freedom from corruption 40 2023 points
 Fiscal freedom 0 2023 points
 Business freedom 54 2023 points
 Labor freedom 56 2023 points
 Monetary freedom 70.20 2023 points
 Trade freedom 67 2023 points
 Investment freedom 30 2023 points
 Financial freedom 30 2023 points
 Economic freedom, overall index 52 2023 index points
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