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.
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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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International lending and sovereign debt
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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 |