Uruguay: Business freedom

* indicates monthly or quarterly data series
 Uruguay

Business freedom index (0-100)

 Latest value 84
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 71
 Min - Max 61 - 84
 Source The Heritage Foundation
The latest value from 2024 is 84 points, an increase from 80 points in 2023. In comparison, the world average is 62 points, based on data from 175 countries. Historically, the average for Uruguay from 1995 to 2024 is 71 points. The minimum value, 61 points, was reached in 2008 while the maximum of 84 points was recorded in 2024. 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 data
Uruguay - Business freedom - Recent values chart

Historical series
Uruguay - Business freedom - historical chart - 1995-2024




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).

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 Related indicators Latest Reference Measure
 Property rights 85 2024 points
 Freedom from corruption 78 2024 points
 Fiscal freedom 76 2024 points
 Business freedom 84 2024 points
 Labor freedom 61 2024 points
 Monetary freedom 66.20 2024 points
 Trade freedom 71 2024 points
 Investment freedom 60 2024 points
 Financial freedom 30 2024 points
 Economic freedom, overall index 70 2024 index points
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