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
For that indicator, we provide data for Sri Lanka from 1995 to 2024. The average value for Sri Lanka during that period was 68 points with a minimum of 47 points in 2021 and a maximum of 77 points in 2005. The latest value from 2024 is 69 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.
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* indicates monthly or quarterly data series

Recent values chart
Sri Lanka - Trade freedom - recent values

Historical chart
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).

 Related indicators Latest value 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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