Trade Freedom Index: Index measuring the degree of trade freedom and openness

The Trade Freedom Index measures the degree of trade freedom and openness in different countries, taking into account factors such as trade barriers, tariffs, and regulatory frameworks. This index provides insights into trade policies, market access conditions, and opportunities for international commerce. Monitoring this index allows individuals to understand the dynamics of global trade and the implications for economic growth and development.

As of January 2020, Hong Kong ranked first in the Trade Freedom Index with a score of 95, followed closely by Singapore with a score of 94.8. New Zealand secured the third position with a score of 92.2. These countries demonstrated a high degree of trade freedom and openness. On the other end of the spectrum, North Korea had the lowest score of 0, indicating minimal trade freedom and openness. Kiribati and Chad also had relatively lower scores of 23.8 and 47.2, respectively.

In January 2021, Singapore took the lead with a Trade Freedom Index score of 95, while New Zealand and Australia secured the second and third positions with scores of 90.2 and 89.8, respectively. Bhutan and Kiribati had scores of 40.8 and 23.8, indicating relatively lower trade freedom.

By January 2022, Singapore maintained its first position with a score of 95, followed by Australia and New Zealand, both with a score of 90. Comoros had a score of 27, while Zimbabwe scored 0, signifying limited trade freedom.

In January 2023, Singapore continued to lead the index with a score of 95, followed by New Zealand with a score of 90.4 and Australia with a score of 89.8. Venezuela had a score of 42.3, indicating a relatively lower level of trade freedom. Bhutan scored 37.6, and North Korea scored 0.

Monitoring the Trade Freedom Index provides insights into the degree of trade freedom and openness in different countries. It helps individuals understand the trade policies, market access conditions, and opportunities for international commerce. Additionally, this index highlights the implications of trade freedom for economic growth and development.

Trade Freedom Index By Country January 2023 (Index, January 2023)

Country Index
1 Singapore 95
2 New Zealand 90.4
3 Australia 89.8
4 Mauritius 87.8
5 Switzerland 86.6
5 Liechtenstein 86.6
6 Georgia 86
7 Taiwan 85.8
8 Norway 84.6
9 Brunei 84.4
10 Bahrain 84.2
11 Spain 83.6
12 Canada 83.4
13 Kosovo 83.3
14 Malaysia 83
15 Albania 82.8
16 Israel 82.6
17 United Kingdom 81.8
18 Qatar 81.6
19 Peru 81.2
20 Seychelles 80.6
21 Iceland 80.4
22 Kiribati 80
23 Timor-Leste 79.9
24 Vietnam 79.4
25 Montenegro 79.2
26 Indonesia 78.8
27 Germany 78.6
27 Sweden 78.6
27 Slovenia 78.6
27 Slovakia 78.6
27 Romania 78.6
27 Portugal 78.6
27 Poland 78.6
27 Netherlands 78.6
27 Malta 78.6
27 Luxembourg 78.6
27 Lithuania 78.6
27 Latvia 78.6
27 Italy 78.6
27 Ireland 78.6
27 Hungary 78.6
27 Austria 78.6
27 Belgium 78.6
27 Botswana 78.6
27 Bulgaria 78.6
27 Croatia 78.6
27 Cyprus 78.6
27 Czech Republic 78.6
27 Denmark 78.6
27 Estonia 78.6
27 Finland 78.6
27 France 78.6
27 Greece 78.6
28 Panama 78.5
29 Chile 78
29 United Arab Emirates 78
30 North Macedonia 77.8
31 Papua New Guinea 77.7
32 Paraguay 77.2
33 Mexico 76.8
34 Oman 76.2
35 Uzbekistan 76
35 Serbia 76
36 Turkey 75.8
36 Colombia 75.8
37 Kuwait 75.6
37 Moldova 75.6
38 United States 75.4
39 Japan 75.2
40 Kazakhstan 74.8
40 Micronesia 74.8
41 Costa Rica 74.6
41 Guatemala 74.6
42 Philippines 74.4
43 Saudi Arabia 74.2
43 Mongolia 74.2
43 Turkmenistan 74.2
44 Armenia 73.6
44 Ivory Coast 73.6
44 China 73.6
45 South Africa 72.4
45 Eswatini 72.4
46 South Korea 72.2
46 Tajikistan 72.2
47 Kyrgyzstan 72
48 Tonga 71.9
49 Namibia 71.8
50 Honduras 71.6
51 Lebanon 71.4
51 Jordan 71.4
52 Belarus 70.8
52 Mozambique 70.8
52 Thailand 70.8
52 Uruguay 70.8
53 Jamaica 70
54 Comoros 69.6
55 Myanmar 69.4
55 Russia 69.4
56 Solomon Islands 68.6
56 El Salvador 68.6
56 Azerbaijan 68.6
57 Eritrea 68.4
58 DR Congo 68.2
59 Nigeria 68
59 Bosnia and Herzegovina 68
59 Cape Verde 68
60 Samoa 67.8
61 Sri Lanka 67.2
61 Togo 67.2
62 Dominican Republic 67
63 Trinidad and Tobago 66.9
64 Cambodia 66.8
64 Liberia 66.8
65 Laos 66.6
66 Haiti 66.5
67 Nicaragua 66.4
68 Tunisia 66.3
69 Pakistan 65.8
69 Madagascar 65.8
70 Ecuador 65.6
70 Malawi 65.6
71 Senegal 65.4
72 Zambia 65.2
73 Brazil 65
73 Sao Tome and Principe 65
74 Angola 64.8
75 Gambia 64.4
75 Morocco 64.4
76 Mali 64
77 Niger 63
77 Ghana 63
78 Mauritania 62
78 Bangladesh 62
79 Sierra Leone 61.5
80 Lesotho 61.2
80 Burkina Faso 61.2
80 Argentina 61.2
81 Benin 60.8
82 Tanzania 60.6
82 Suriname 60.6
83 Egypt 60.2
84 Bolivia 60
85 India 59.8
86 Vanuatu 59.7
87 Cuba 59.6
88 Guinea 59.4
89 Fiji 58.8
90 Maldives 58.6
91 Nepal 57.8
92 Barbados 57.6
92 Saint Vincent and the Grenadines 57.6
93 Algeria 57.5
94 Kenya 57.2
95 Saint Lucia 56.6
96 Republic of the Congo 56.4
96 Ethiopia 56.4
97 Iran 55.8
98 Uganda 55.4
99 Gabon 55.1
100 Guyana 55
101 Dominica 54.8
102 Zimbabwe 54
103 Cameroon 53.6
104 Burundi 52.8
105 Belize 52.2
106 Guinea-Bissau 50.7
107 Rwanda 50
108 Djibouti 49.9
109 Bahamas 49.6
110 Equatorial Guinea 48.7
111 Sudan 48
112 Chad 47.3
113 Central African Republic 45
114 Venezuela 42.3
115 Bhutan 37.6
116 North Korea 0

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