Thailand: Business freedom

(measure: points; Source: The Heritage Foundation)
* indicates monthly or quarterly data series

Thailand: Business freedom index (0-100)

: For that indicator, we provide data for Thailand from 1995 to 2020. The average value for Thailand during that period was 72 points with a minimum of 70 points in 1995 and a maximum of 83 points in 2019. The latest value from 2020 is 83 points. For comparison, the world average in 2020 based on 183 countries is 63 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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The Business Freedom index for Thailand 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 Thailand 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).
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