Business freedom - Country rankings
* indicates monthly or quarterly data series
Business freedom index (0-100), 2024:
The average for 2024 based on 175 countries was 62 points. The highest value was in Denmark: 93 points and the lowest value was in North Korea: 5 points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.Measure: points; Source: The Heritage Foundation
Select indicator
* indicates monthly or quarterly data series
| Countries | Business freedom, 2024 | Global rank | Available data |
|---|---|---|---|
| Denmark | 93 | 1 | 1996 - 2024 |
| Australia | 92 | 2 | 1995 - 2024 |
| Ireland | 91 | 3 | 1995 - 2024 |
| Luxembourg | 90 | 4 | 1996 - 2024 |
| Finland | 89 | 5 | 1996 - 2024 |
| Netherlands | 89 | 6 | 1996 - 2024 |
| Switzerland | 89 | 7 | 1996 - 2024 |
| Liechtenstein | 88 | 8 | 2013 - 2024 |
| New Zealand | 88 | 9 | 1996 - 2024 |
| Iceland | 87 | 10 | 1997 - 2024 |
| Norway | 87 | 11 | 1996 - 2024 |
| Singapore | 87 | 12 | 1995 - 2024 |
| South Korea | 85 | 13 | 1995 - 2024 |
| Sweden | 85 | 14 | 1995 - 2024 |
| Taiwan | 85 | 15 | 1995 - 2024 |
| USA | 85 | 16 | 1995 - 2024 |
| Canada | 84 | 17 | 1995 - 2024 |
| Germany | 84 | 18 | 1995 - 2024 |
| Uruguay | 84 | 19 | 1995 - 2024 |
| Belgium | 83 | 20 | 1996 - 2024 |
| Estonia | 83 | 21 | 1995 - 2024 |
| UK | 83 | 22 | 1995 - 2024 |
| Austria | 82 | 23 | 1995 - 2024 |
| France | 82 | 24 | 1995 - 2024 |
| Latvia | 82 | 25 | 1996 - 2024 |
| Israel | 81 | 26 | 1995 - 2024 |
| Lithuania | 81 | 27 | 1996 - 2024 |
| Costa Rica | 80 | 28 | 1995 - 2024 |
| Spain | 80 | 29 | 1995 - 2024 |
| UA Emirates | 80 | 30 | 1996 - 2024 |
| Chile | 79 | 31 | 1995 - 2024 |
| Cyprus | 79 | 32 | 1996 - 2024 |
| Mauritius | 79 | 33 | 1999 - 2024 |
| Portugal | 79 | 34 | 1995 - 2024 |
| Slovenia | 79 | 35 | 1996 - 2024 |
| Italy | 78 | 36 | 1995 - 2024 |
| Japan | 78 | 37 | 1995 - 2024 |
| Malta | 78 | 38 | 1995 - 2024 |
| Brunei | 77 | 39 | 2014 - 2024 |
| Croatia | 77 | 40 | 1996 - 2024 |
| Czechia | 77 | 41 | 1995 - 2024 |
| Seychelles | 77 | 42 | 2009 - 2024 |
| Domin. Rep. | 76 | 43 | 1995 - 2024 |
| Slovakia | 76 | 44 | 1995 - 2024 |
| Tr.&Tobago | 76 | 45 | 1996 - 2024 |
| Bulgaria | 75 | 46 | 1995 - 2024 |
| Poland | 75 | 47 | 1995 - 2024 |
| Romania | 75 | 48 | 1995 - 2024 |
| Albania | 74 | 49 | 1995 - 2024 |
| Georgia | 74 | 50 | 1996 - 2024 |
| Greece | 74 | 51 | 1995 - 2024 |
| Hungary | 74 | 52 | 1995 - 2024 |
| Panama | 74 | 53 | 1995 - 2024 |
| Serbia | 74 | 54 | 2002 - 2024 |
| Vietnam | 74 | 55 | 1995 - 2024 |
| Barbados | 73 | 56 | 1996 - 2024 |
| Indonesia | 73 | 57 | 1995 - 2024 |
| Bahrain | 72 | 58 | 1995 - 2024 |
| Cape Verde | 72 | 59 | 1996 - 2024 |
| Guyana | 71 | 60 | 1995 - 2024 |
| Malaysia | 71 | 61 | 1995 - 2024 |
| Mexico | 71 | 62 | 1995 - 2024 |
| Azerbaijan | 70 | 63 | 1996 - 2024 |
| Jamaica | 70 | 64 | 1995 - 2024 |
| Kazakhstan | 70 | 65 | 1998 - 2024 |
| Montenegro | 70 | 66 | 2002 - 2024 |
| North Macedonia | 70 | 67 | 2002 - 2024 |
| Peru | 70 | 68 | 1995 - 2024 |
| Philippines | 70 | 69 | 1995 - 2024 |
| Saint Lucia | 70 | 70 | 2009 - 2024 |
| Saudi Arabia | 70 | 71 | 1996 - 2024 |
| Thailand | 70 | 72 | 1995 - 2024 |
| Armenia | 69 | 73 | 1996 - 2024 |
| Colombia | 69 | 74 | 1995 - 2024 |
| Morocco | 69 | 75 | 1995 - 2024 |
| Paraguay | 69 | 76 | 1995 - 2024 |
| China | 68 | 77 | 1995 - 2024 |
| India | 68 | 78 | 1995 - 2024 |
| Mongolia | 68 | 79 | 1995 - 2024 |
| Bahamas | 67 | 80 | 1995 - 2024 |
| Belize | 67 | 81 | 1995 - 2024 |
| Bhutan | 67 | 82 | 2009 - 2024 |
| Bosnia & Herz. | 67 | 83 | 1998 - 2024 |
| Brazil | 67 | 84 | 1995 - 2024 |
| Botswana | 66 | 85 | 1995 - 2024 |
| Guatemala | 66 | 86 | 1995 - 2024 |
| Oman | 66 | 87 | 1995 - 2024 |
| Qatar | 66 | 88 | 1999 - 2024 |
| Ecuador | 65 | 89 | 1995 - 2024 |
| Fiji | 65 | 90 | 1995 - 2024 |
| Honduras | 65 | 91 | 1995 - 2024 |
| Ivory Coast | 65 | 92 | 1995 - 2024 |
| St. Vincent & ... | 65 | 93 | 2009 - 2024 |
| Dominica | 64 | 94 | 2009 - 2024 |
| Gabon | 64 | 95 | 1995 - 2024 |
| Samoa | 64 | 96 | 1996 - 2024 |
| El Salvador | 63 | 97 | 1995 - 2024 |
| Jordan | 63 | 98 | 1995 - 2024 |
| Kiribati | 61 | 99 | 2009 - 2024 |
| Moldova | 61 | 100 | 1995 - 2024 |
| Nepal | 61 | 101 | 1996 - 2024 |
| South Africa | 61 | 102 | 1995 - 2024 |
| Uzbekistan | 61 | 103 | 1998 - 2024 |
| Tonga | 60 | 104 | 2009 - 2024 |
| Turkey | 59 | 105 | 1995 - 2024 |
| Kenya | 58 | 106 | 1995 - 2024 |
| Argentina | 56 | 107 | 1995 - 2024 |
| Kuwait | 56 | 108 | 1996 - 2024 |
| Laos | 56 | 109 | 1996 - 2024 |
| Namibia | 56 | 110 | 1997 - 2024 |
| Tajikistan | 56 | 111 | 1998 - 2024 |
| Bolivia | 55 | 112 | 1995 - 2024 |
| Cambodia | 55 | 113 | 1997 - 2024 |
| Kyrgyzstan | 55 | 114 | 1998 - 2024 |
| Vanuatu | 55 | 115 | 2009 - 2024 |
| Algeria | 54 | 116 | 1995 - 2024 |
| Russia | 54 | 117 | 1995 - 2024 |
| Rwanda | 54 | 118 | 1997 - 2024 |
| Senegal | 54 | 119 | 1996 - 2024 |
| Belarus | 53 | 120 | 1995 - 2024 |
| Ghana | 53 | 121 | 1995 - 2024 |
| Micronesia | 53 | 122 | 2009 - 2024 |
| S.T.&Principe | 53 | 123 | 2009 - 2024 |
| Sri Lanka | 53 | 124 | 1995 - 2024 |
| Suriname | 53 | 125 | 1996 - 2024 |
| Tunisia | 53 | 126 | 1995 - 2024 |
| Nicaragua | 52 | 127 | 1995 - 2024 |
| Togo | 51 | 128 | 1999 - 2024 |
| Bangladesh | 50 | 129 | 1995 - 2024 |
| Djibouti | 50 | 130 | 1997 - 2024 |
| Benin | 49 | 131 | 1996 - 2024 |
| Comoros | 49 | 132 | 2009 - 2024 |
| Egypt | 49 | 133 | 1995 - 2024 |
| Gambia | 49 | 134 | 1997 - 2024 |
| Lebanon | 49 | 135 | 1996 - 2024 |
| Maldives | 49 | 136 | 2009 - 2024 |
| Uganda | 49 | 137 | 1995 - 2024 |
| Zambia | 49 | 138 | 1995 - 2024 |
| Pakistan | 48 | 139 | 1995 - 2024 |
| Cameroon | 47 | 140 | 1995 - 2024 |
| Tanzania | 47 | 141 | 1995 - 2024 |
| Solomon Isl. | 46 | 142 | 2009 - 2024 |
| Swaziland | 46 | 143 | 1995 - 2024 |
| Angola | 45 | 144 | 1995 - 2024 |
| Guinea | 45 | 145 | 1995 - 2024 |
| Ethiopia | 44 | 146 | 1995 - 2024 |
| Lesotho | 44 | 147 | 1996 - 2024 |
| Nigeria | 43 | 148 | 1995 - 2024 |
| Burkina Faso | 42 | 149 | 1996 - 2024 |
| Cuba | 42 | 150 | 1995 - 2024 |
| Mali | 42 | 151 | 1995 - 2024 |
| Burma | 40 | 152 | 1996 - 2024 |
| Zimbabwe | 39 | 153 | 1995 - 2024 |
| Iran | 38 | 154 | 1996 - 2024 |
| Madagascar | 38 | 155 | 1995 - 2024 |
| Turkmenistan | 37 | 156 | 1998 - 2024 |
| Mozambique | 36 | 157 | 1995 - 2024 |
| R. of Congo | 36 | 158 | 1996 - 2024 |
| Liberia | 35 | 159 | 2009 - 2024 |
| Papua N.G. | 35 | 160 | 1996 - 2024 |
| Mauritania | 34 | 161 | 1996 - 2024 |
| Niger | 34 | 162 | 1996 - 2024 |
| DR Congo | 33 | 163 | 1995 - 2024 |
| Eq. Guinea | 33 | 164 | 1999 - 2024 |
| G.-Bissau | 32 | 165 | 1999 - 2024 |
| Haiti | 32 | 166 | 1995 - 2024 |
| Sierra Leone | 32 | 167 | 1995 - 2024 |
| Eritrea | 31 | 168 | 2009 - 2024 |
| Malawi | 31 | 169 | 1995 - 2024 |
| Venezuela | 31 | 170 | 1995 - 2024 |
| Burundi | 28 | 171 | 1997 - 2024 |
| Chad | 28 | 172 | 1997 - 2024 |
| Sudan | 28 | 173 | 1995 - 2024 |
| C.A. Republic | 27 | 174 | 2002 - 2024 |
| North Korea | 5 | 175 | 1995 - 2024 |
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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0
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46.5
69.8
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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/Oceania Business freedom in the European union Business freedom in Sub Sahara Africa Business freedom in MENA Business freedom in South East Asia Business freedom in Latin America