* indicates monthly or quarterly data series

Business freedom index (0-100), 2020 - Country rankings:

The average for 2020 based on 181 countries was 63 points.The highest value was in Hong Kong: 96 points and the lowest value was in North Korea: 5 points. The indicator is available from 1995 to 2020. Below is a chart for all countries where data are available.

Measure: points; Source: The Heritage Foundation
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* indicates monthly or quarterly data series



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).
Business freedom in the European union
Business freedom in Europe
Business freedom in Asia
Business freedom in Africa
Business freedom in North America
Business freedom in South America
Business freedom in Australia


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