Trinidad and Tobago: Trade freedom

* indicates monthly or quarterly data series
 Trinidad and Tobago

Trade freedom index (0-100)

 Latest value 69
 Year 2024
 Measure points
 Data availability 1996 - 2024
 Average 69
 Min - Max 35 - 82
 Source The Heritage Foundation
The latest value from 2024 is 69 points, an increase from 67 points in 2023. In comparison, the world average is 70 points, based on data from 176 countries. Historically, the average for Trinidad and Tobago from 1996 to 2024 is 69 points. The minimum value, 35 points, was reached in 1996 while the maximum of 82 points was recorded in 2010. 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 data
Trinidad and Tobago - Trade freedom - Recent values chart

Historical series
Trinidad and Tobago - Trade freedom - historical chart - 1996-2024




The Trade Freedom index for Trinidad and Tobago 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).

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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
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