Business freedom - Country rankings

* 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).

Selected articles from our guide:

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All articles

1. Norway
2. Denmark
3. New Zealand
4. Australia
5. Canada
6. Ireland
7. Singapore
8. Luxembourg
9. Finland
10. Israel
11. South Korea
12. Sweden
13. Netherlands
14. Switzerland
15. Taiwan
16. USA
17. Iceland
18. Germany
19. Uruguay
20. Austria
21. Belgium
22. Estonia
23. UK
24. France
25. Japan
26. Latvia
27. Czechia
28. UA Emirates
29. Chile
30. Lithuania
31. Malta
32. Mauritius
33. Portugal
34. Slovenia
35. Cyprus
36. Poland
37. Spain
38. Costa Rica
39. Hungary
40. Italy
41. North Macedonia
42. Serbia
43. Peru
44. Vietnam
45. Brunei
46. Bulgaria
47. Colombia
48. Croatia
49. Domin. Rep.
50. Mexico
51. Saudi Arabia
52. Slovakia
53. Albania
54. Indonesia
55. Panama
56. Romania
57. Georgia
58. Greece
59. Malaysia
60. Paraguay
61. Saint Lucia
62. Barbados
63. Azerbaijan
64. Cape Verde
65. China
66. Jamaica
67. Bahamas
68. Bosnia & Herz.
69. Guyana
70. Montenegro
71. Thailand
72. Guatemala
73. Mongolia
74. Philippines
75. Seychelles
76. Armenia
77. Botswana
78. El Salvador
79. Kazakhstan
80. Morocco
81. South Africa
82. Tr.&Tobago
83. Bahrain
84. Brazil
85. Dominica
86. Ecuador
87. India
88. Bhutan
89. Fiji
90. Oman
91. Qatar
92. St. Vincent & ...
93. Samoa
94. Honduras
95. Ivory Coast
96. Kiribati
97. Jordan
98. Moldova
99. Nepal
100. Turkey
101. Belize
102. Kuwait
103. Uzbekistan
104. Bangladesh
105. Laos
106. Tajikistan
107. Argentina
108. Kenya
109. Kyrgyzstan
110. Namibia
111. Tonga
112. Bolivia
113. Russia
114. Algeria
115. Belarus
116. Cambodia
117. Nicaragua
118. Senegal
119. Sri Lanka
120. Tunisia
121. Ghana
122. Micronesia
123. S.T.&Principe
124. Suriname
125. Rwanda
126. Egypt
127. Gambia
128. Togo
129. Gabon
130. Swaziland
131. Tanzania
132. Vanuatu
133. Comoros
134. Djibouti
135. Lebanon
136. Benin
137. Cameroon
138. Papua N.G.
139. Pakistan
140. Uganda
141. Guinea
142. Maldives
143. Solomon Isl.
144. Lesotho
145. Nigeria
146. Zambia
147. Iraq
148. Angola
149. Burma
150. Burkina Faso
151. Cuba
152. Mali
153. Zimbabwe
154. Ethiopia
155. Iran
156. Madagascar
157. Turkmenistan
158. Mozambique
159. Afghanistan
160. Mauritania
161. Niger
162. Sierra Leone
163. Syria
164. Eq. Guinea
165. Liberia
166. Malawi
167. Haiti
168. DR Congo
169. G.-Bissau
170. R. of Congo
171. Burundi
172. Eritrea
173. Libya
174. Venezuela
175. Chad
176. Yemen
177. C.A. Republic
178. Sudan
179. North Korea
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5
0
23.8
47.5
71.3
95


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