Vanuatu: Business freedom

* indicates monthly or quarterly data series

Business freedom index (0-100)

 Latest value 55
 Year 2024
 Measure points
 Data availability 2009 - 2024
 Average 56
 Min - Max 49 - 69
 Source The Heritage Foundation
For that indicator, we provide data for Vanuatu from 2009 to 2024. The average value for Vanuatu during that period was 56 points with a minimum of 49 points in 2021 and a maximum of 69 points in 2009. The latest value from 2024 is 55 points. For comparison, the world average in 2024 based on 175 countries is 62 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
Vanuatu - Business freedom - Recent values chart

Historical chart
Vanuatu - Business freedom - historical chart - 2009-2024

The Business Freedom index for Vanuatu 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 Vanuatu 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 63 2024 points
 Freedom from corruption 48 2024 points
 Fiscal freedom 90 2024 points
 Business freedom 55 2024 points
 Labor freedom 40 2024 points
 Monetary freedom 69.90 2024 points
 Trade freedom 60 2024 points
 Investment freedom 65 2024 points
 Financial freedom 40 2024 points
 Economic freedom, overall index 62 2024 index points
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