Thailand: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 71
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 74
 Min - Max 65 - 83
 Source The Heritage Foundation
For that indicator, we provide data for Thailand from 1995 to 2023. The average value for Thailand during that period was 74 points with a minimum of 65 points in 2003 and a maximum of 83 points in 2017. The latest value from 2023 is 71 points. For comparison, the world average in 2023 based on 175 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
Thailand - Trade freedom - recent values

Historical chart
Thailand - Trade freedom - historical chart - 1995-2023

The Trade Freedom index for Thailand 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 44 2023 points
 Freedom from corruption 38 2023 points
 Fiscal freedom 65 2023 points
 Business freedom 67 2023 points
 Labor freedom 57 2023 points
 Monetary freedom 73.40 2023 points
 Trade freedom 71 2023 points
 Investment freedom 55 2023 points
 Financial freedom 60 2023 points
 Economic freedom, overall index 61 2023 index points
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