Trinidad and Tobago: Business freedom index (0-100)
For that indicator, The Heritage Foundation provides data for Trinidad and Tobago from 1996 to 2019. The average value for Trinidad and Tobago during that period was 66 points with a minimum of 55 points in 2013 and a maximum of 70 points in 1996.
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The Business Freedom index for Trinidad and Tobago 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 Trinidad and Tobago 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).