Trinidad and Tobago: Business freedom

* indicates monthly or quarterly data series
 Trinidad and Tobago

Business freedom index (0-100)

 Latest value 76
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 66
 Min - Max 55 - 76
 Source The Heritage Foundation
For that indicator, we provide data for Trinidad and Tobago from 1996 to 2024. 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 76 points in 2024. The latest value from 2024 is 76 points. For comparison, the world average in 2024 based on 175 countries is 62 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
Trinidad and Tobago - Business freedom - Recent values chart

Historical chart
Trinidad and Tobago - Business freedom - historical chart - 1996-2024




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).


 Related indicators Latest value 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
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