Ukraine: Business freedom

* indicates monthly or quarterly data series
 Ukraine

Business freedom index (0-100)

 Latest value 61
 Year 2022
 Measure points
 Data availability 1995 - 2022
 Average 54
 Min - Max 39 - 66
 Source The Heritage Foundation
For that indicator, we provide data for Ukraine from 1995 to 2022. The average value for Ukraine during that period was 54 points with a minimum of 39 points in 2010 and a maximum of 66 points in 2019. The latest value from 2022 is 61 points. For comparison, the world average in 2022 based on 175 countries is 60 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
Ukraine - Business freedom - Recent values chart

Historical chart
Ukraine - Business freedom - historical chart - 1995-2022




The Business Freedom index for Ukraine 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 Ukraine 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).

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 Related indicators Latest value Reference Measure
 Property rights 23 2024 points
 Freedom from corruption 33 2024 points
 Fiscal freedom 74 2022 points
 Business freedom 61 2022 points
 Labor freedom 61 2022 points
 Monetary freedom 71.20 2022 points
 Trade freedom 73 2024 points
 Investment freedom 35 2022 points
 Financial freedom 30 2022 points
 Economic freedom, overall index 54 2022 index points
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