Trinidad and Tobago: Economic freedom, overall index
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| Trinidad and Tobago |
Economic freedom, overall index (0-100) |
|---|---|
| Latest value | 60 |
| Year | 2024 |
| Measure | index points |
| Data availability | 1996 - 2024 |
| Average | 66 |
| Min - Max | 57 - 75 |
| Source | The Heritage Foundation |
The latest value from 2024 is 60 index points, unchanged from 60 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for Trinidad and Tobago from 1996 to 2024 is 66 index points. The minimum value, 57 index points, was reached in 2019 while the maximum of 75 index points was recorded in 2000.
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Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Property rights | 58 | 2024 | points |
| Freedom from corruption | 45 | 2024 | points |
| Fiscal freedom | 21 | 2024 | points |
| Business freedom | 76 | 2024 | points |
| Labor freedom | 60 | 2024 | points |
| Monetary freedom | 76.70 | 2024 | points |
| Trade freedom | 69 | 2024 | points |
| Investment freedom | 60 | 2024 | points |
| Financial freedom | 50 | 2024 | points |
| Economic freedom, overall index | 60 | 2024 | index points |