* indicates monthly or quarterly data series

Business freedom index (0-100), 2023:

The average for 2023 based on 179 countries was 60 points. The highest value was in Norway: 95 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, 2023 Global rank Available data
Norway 95 1 1996 - 2024
Denmark 89 2 1996 - 2024
New Zealand 89 3 1996 - 2024
Australia 88 4 1995 - 2024
Canada 88 5 1995 - 2024
Ireland 87 6 1995 - 2024
Singapore 87 7 1995 - 2024
Luxembourg 86 8 1996 - 2024
Finland 85 9 1996 - 2024
Israel 85 10 1995 - 2024
South Korea 85 11 1995 - 2024
Sweden 85 12 1995 - 2024
Netherlands 84 13 1996 - 2024
Switzerland 84 14 1996 - 2024
Taiwan 84 15 1995 - 2024
USA 84 16 1995 - 2024
Iceland 83 17 1997 - 2024
Germany 80 18 1995 - 2024
Uruguay 80 19 1995 - 2024
Austria 79 20 1995 - 2024
Belgium 79 21 1996 - 2024
Estonia 79 22 1995 - 2024
UK 79 23 1995 - 2024
France 78 24 1995 - 2024
Japan 78 25 1995 - 2024
Latvia 78 26 1996 - 2024
Czechia 77 27 1995 - 2024
UA Emirates 77 28 1996 - 2024
Chile 76 29 1995 - 2024
Lithuania 76 30 1996 - 2024
Malta 76 31 1995 - 2024
Mauritius 76 32 1999 - 2024
Portugal 76 33 1995 - 2024
Slovenia 76 34 1996 - 2024
Cyprus 75 35 1996 - 2024
Poland 75 36 1995 - 2024
Spain 75 37 1995 - 2024
Costa Rica 74 38 1995 - 2024
Hungary 74 39 1995 - 2024
Italy 74 40 1995 - 2024
North Macedonia 74 41 2002 - 2024
Serbia 74 42 2002 - 2024
Peru 73 43 1995 - 2024
Vietnam 73 44 1995 - 2024
Brunei 72 45 2014 - 2024
Bulgaria 72 46 1995 - 2024
Colombia 72 47 1995 - 2024
Croatia 72 48 1996 - 2024
Domin. Rep. 72 49 1995 - 2024
Mexico 72 50 1995 - 2024
Saudi Arabia 72 51 1996 - 2024
Slovakia 72 52 1995 - 2024
Albania 71 53 1995 - 2024
Indonesia 71 54 1995 - 2024
Panama 71 55 1995 - 2024
Romania 71 56 1995 - 2024
Georgia 70 57 1996 - 2024
Greece 70 58 1995 - 2024
Malaysia 70 59 1995 - 2024
Paraguay 70 60 1995 - 2024
Saint Lucia 70 61 2009 - 2024
Barbados 69 62 1996 - 2024
Azerbaijan 68 63 1996 - 2024
Cape Verde 68 64 1996 - 2024
China 68 65 1995 - 2024
Jamaica 68 66 1995 - 2024
Bahamas 67 67 1995 - 2024
Bosnia & Herz. 67 68 1998 - 2024
Guyana 67 69 1995 - 2024
Montenegro 67 70 2002 - 2024
Thailand 67 71 1995 - 2024
Guatemala 66 72 1995 - 2024
Mongolia 66 73 1995 - 2024
Philippines 66 74 1995 - 2024
Seychelles 66 75 2009 - 2024
Armenia 65 76 1996 - 2024
Botswana 65 77 1995 - 2024
El Salvador 65 78 1995 - 2024
Kazakhstan 65 79 1998 - 2024
Morocco 65 80 1995 - 2024
South Africa 65 81 1995 - 2024
Tr.&Tobago 65 82 1996 - 2024
Bahrain 64 83 1995 - 2024
Brazil 64 84 1995 - 2024
Dominica 64 85 2009 - 2024
Ecuador 64 86 1995 - 2024
India 64 87 1995 - 2024
Bhutan 63 88 2009 - 2024
Fiji 63 89 1995 - 2024
Oman 62 90 1995 - 2024
Qatar 62 91 1999 - 2024
St. Vincent & ... 62 92 2009 - 2024
Samoa 62 93 1996 - 2024
Honduras 61 94 1995 - 2024
Ivory Coast 61 95 1995 - 2024
Kiribati 61 96 2009 - 2024
Jordan 60 97 1995 - 2024
Moldova 60 98 1995 - 2024
Nepal 60 99 1996 - 2024
Turkey 60 100 1995 - 2024
Belize 59 101 1995 - 2024
Kuwait 59 102 1996 - 2024
Uzbekistan 59 103 1998 - 2024
Bangladesh 57 104 1995 - 2024
Laos 57 105 1996 - 2024
Tajikistan 57 106 1998 - 2024
Argentina 56 107 1995 - 2024
Kenya 56 108 1995 - 2024
Kyrgyzstan 56 109 1998 - 2024
Namibia 56 110 1997 - 2024
Tonga 56 111 2009 - 2024
Bolivia 55 112 1995 - 2024
Russia 55 113 1995 - 2024
Algeria 54 114 1995 - 2024
Belarus 54 115 1995 - 2024
Cambodia 54 116 1997 - 2024
Nicaragua 54 117 1995 - 2024
Senegal 54 118 1996 - 2024
Sri Lanka 54 119 1995 - 2024
Tunisia 54 120 1995 - 2024
Ghana 53 121 1995 - 2024
Micronesia 53 122 2009 - 2024
S.T.&Principe 53 123 2009 - 2024
Suriname 53 124 1996 - 2024
Rwanda 52 125 1997 - 2024
Egypt 51 126 1995 - 2024
Gambia 51 127 1997 - 2024
Togo 51 128 1999 - 2024
Gabon 50 129 1995 - 2024
Swaziland 50 130 1995 - 2024
Tanzania 50 131 1995 - 2024
Vanuatu 50 132 2009 - 2024
Comoros 49 133 2009 - 2024
Djibouti 48 134 1997 - 2024
Lebanon 48 135 1996 - 2024
Benin 47 136 1996 - 2024
Cameroon 47 137 1995 - 2024
Papua N.G. 47 138 1996 - 2024
Pakistan 46 139 1995 - 2024
Uganda 46 140 1995 - 2024
Guinea 45 141 1995 - 2024
Maldives 45 142 2009 - 2024
Solomon Isl. 45 143 2009 - 2024
Lesotho 44 144 1996 - 2024
Nigeria 44 145 1995 - 2024
Zambia 44 146 1995 - 2024
Iraq 43 147 1996 - 2023
Angola 42 148 1995 - 2024
Burma 42 149 1996 - 2024
Burkina Faso 41 150 1996 - 2024
Cuba 41 151 1995 - 2024
Mali 41 152 1995 - 2024
Zimbabwe 40 153 1995 - 2024
Ethiopia 39 154 1995 - 2024
Iran 39 155 1996 - 2024
Madagascar 39 156 1995 - 2024
Turkmenistan 37 157 1998 - 2024
Mozambique 36 158 1995 - 2024
Afghanistan 35 159 2013 - 2023
Mauritania 35 160 1996 - 2024
Niger 35 161 1996 - 2024
Sierra Leone 35 162 1995 - 2024
Syria 35 163 1996 - 2023
Eq. Guinea 34 164 1999 - 2024
Liberia 34 165 2009 - 2024
Malawi 34 166 1995 - 2024
Haiti 33 167 1995 - 2024
DR Congo 32 168 1995 - 2024
G.-Bissau 32 169 1999 - 2024
R. of Congo 32 170 1996 - 2024
Burundi 31 171 1997 - 2024
Eritrea 31 172 2009 - 2024
Libya 31 173 1996 - 2023
Venezuela 31 174 1995 - 2024
Chad 28 175 1997 - 2024
Yemen 28 176 1995 - 2023
C.A. Republic 27 177 2002 - 2024
Sudan 25 178 1995 - 2024
North Korea 5 179 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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