Turkmenistan: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 37
 Year 2024
 Measure points
 Data availability 1998 - 2024
 Average 38
 Min - Max 30 - 55
 Source The Heritage Foundation
For that indicator, we provide data for Turkmenistan from 1998 to 2024. The average value for Turkmenistan during that period was 38 points with a minimum of 30 points in 2006 and a maximum of 55 points in 1998. The latest value from 2024 is 37 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
Turkmenistan - Business freedom - Recent values chart

Historical chart
Turkmenistan - Business freedom - historical chart - 1998-2024

The Business Freedom index for Turkmenistan 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 Turkmenistan 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 18 2024 points
 Freedom from corruption 8 2024 points
 Fiscal freedom 100 2024 points
 Business freedom 37 2024 points
 Labor freedom 30 2024 points
 Monetary freedom 67.40 2024 points
 Trade freedom 74 2024 points
 Investment freedom 10 2024 points
 Financial freedom 10 2024 points
 Economic freedom, overall index 46 2024 index points
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