Tanzania: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 50
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 50
 Min - Max 45 - 55
 Source The Heritage Foundation
For that indicator, we provide data for Tanzania from 1995 to 2023. The average value for Tanzania during that period was 50 points with a minimum of 45 points in 2006 and a maximum of 55 points in 1995. The latest value from 2023 is 50 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.
Select indicator
* indicates monthly or quarterly data series

Recent values chart
Tanzania - Business freedom - recent values

Historical chart
Tanzania - Business freedom - historical chart - 1995-2023

The Business Freedom index for Tanzania 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 Tanzania 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 45 2023 points
 Freedom from corruption 37 2023 points
 Fiscal freedom 87 2023 points
 Business freedom 50 2023 points
 Labor freedom 62 2023 points
 Monetary freedom 73.00 2023 points
 Trade freedom 61 2023 points
 Investment freedom 55 2023 points
 Financial freedom 50 2023 points
 Economic freedom, overall index 60 2023 index points
This site uses cookies.
Learn more here