Turkey: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 59
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 66
 Min - Max 55 - 85
 Source The Heritage Foundation
For that indicator, we provide data for Turkey from 1995 to 2024. The average value for Turkey during that period was 66 points with a minimum of 55 points in 2002 and a maximum of 85 points in 1995. The latest value from 2024 is 59 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
Turkey - Business freedom - Recent values chart

Historical chart
Turkey - Business freedom - historical chart - 1995-2024

The Business Freedom index for Turkey 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 Turkey 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 41 2024 points
 Freedom from corruption 35 2024 points
 Fiscal freedom 78 2024 points
 Business freedom 59 2024 points
 Labor freedom 55 2024 points
 Monetary freedom 38.50 2024 points
 Trade freedom 71 2024 points
 Investment freedom 70 2024 points
 Financial freedom 60 2024 points
 Economic freedom, overall index 56 2024 index points
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