Uruguay: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 80
 Year 2023
 Measure points
 Data availability 1995 - 2023
 Average 70
 Min - Max 61 - 80
 Source The Heritage Foundation
For that indicator, we provide data for Uruguay from 1995 to 2023. The average value for Uruguay during that period was 70 points with a minimum of 61 points in 2008 and a maximum of 80 points in 2023. The latest value from 2023 is 80 points. For comparison, the world average in 2023 based on 179 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
Uruguay - Business freedom - recent values

Historical chart
Uruguay - Business freedom - historical chart - 1995-2023

The Business Freedom index for Uruguay 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 Uruguay 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 84 2023 points
 Freedom from corruption 77 2023 points
 Fiscal freedom 73 2023 points
 Business freedom 80 2023 points
 Labor freedom 61 2023 points
 Monetary freedom 71.80 2023 points
 Trade freedom 71 2023 points
 Investment freedom 70 2023 points
 Financial freedom 30 2023 points
 Economic freedom, overall index 70 2023 index points
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