Sri Lanka: Trade freedom

* indicates monthly or quarterly data series
 Sri Lanka

Trade freedom index (0-100)

 Latest value 69
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 68
 Min - Max 47 - 77
 Source The Heritage Foundation
The latest value from 2024 is 69 points, an increase from 67 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Sri Lanka from 1995 to 2024 is 68 points. The minimum value, 47 points, was reached in 2021 while the maximum of 77 points was recorded in 2005. 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 data
Sri Lanka - Trade freedom - Recent values chart

Historical series
Sri Lanka - Trade freedom - historical chart - 1995-2024




The Trade Freedom index for Sri Lanka 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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 Related indicators Latest Reference Measure
 Property rights 52 2024 points
 Freedom from corruption 37 2024 points
 Fiscal freedom 0 2024 points
 Business freedom 53 2024 points
 Labor freedom 55 2024 points
 Monetary freedom 49.20 2024 points
 Trade freedom 69 2024 points
 Investment freedom 30 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 49 2024 index points
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