Ukraine: Business freedom

The latest value from 2022 is 61 points, a decline from 64 points in 2021. In comparison, the world average is 60 points, based on data from 175 countries. Historically, the average for Ukraine from 1995 to 2022 is 54 points. The minimum value, 39 points, was reached in 2010 while the maximum of 66 points was recorded in 2019. See the global rankings for that indicator or use the country comparator to compare trends over time.

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).