Togo: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 51
 Year 2023
 Measure points
 Data availability 1999 - 2023
 Average 44
 Min - Max 35 - 61
 Source The Heritage Foundation
For that indicator, we provide data for Togo from 1999 to 2023. The average value for Togo during that period was 44 points with a minimum of 35 points in 2012 and a maximum of 61 points in 2021. The latest value from 2023 is 51 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.
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* indicates monthly or quarterly data series

Recent values chart
Togo - Business freedom - recent values

Historical chart
Togo - Business freedom - historical chart - 1999-2023

The Business Freedom index for Togo 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 Togo 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 36 2023 points
 Freedom from corruption 30 2023 points
 Fiscal freedom 69 2023 points
 Business freedom 51 2023 points
 Labor freedom 52 2023 points
 Monetary freedom 73.40 2023 points
 Trade freedom 67 2023 points
 Investment freedom 60 2023 points
 Financial freedom 30 2023 points
 Economic freedom, overall index 55 2023 index points
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