Uruguay: Trade freedom

* indicates monthly or quarterly data series

Trade freedom index (0-100)

 Latest value 71
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 75
 Min - Max 58 - 83
 Source The Heritage Foundation
For that indicator, we provide data for Uruguay from 1995 to 2024. The average value for Uruguay during that period was 75 points with a minimum of 58 points in 2002 and a maximum of 83 points in 2008. The latest value from 2024 is 71 points. For comparison, the world average in 2024 based on 176 countries is 70 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 - Trade freedom - Recent values chart

Historical chart
Uruguay - Trade freedom - historical chart - 1995-2024

The Trade Freedom index for Uruguay measures the absence of tariffs and other barriers that affect the international trade of goods and services.
Definition: The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).

 Related indicators Latest value 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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