Economic Freedom Index: worst 20 countries for freedom to trade worldwide 2021

Published by
Einar H. Dyvik,
Nov 17, 2023
In 2021, Iran was the country with the lowest degree of freedom to trade internationally, scoring 2.39 out of 10. Burundi and Argentina followed, with scores of 3.22 and 3.32 respectively. Out of the 20 lowest scores, Tanzania had the highest at 5.39.

Worst 20 countries for freedom to trade worldwide in 2021

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Release date

September 2023

Region

Worldwide

Survey time period

2021

Supplementary notes

The Economic Freedom Index scores countries on the economic freedom in a number of areas encompassing legal system & property rights, sound money, freedom to trade internationally and regulation.

The index uses a 0-10 scoring scale in each category with higher values representing greater economic freedom.

The freedom to trade internationally section of the index includes; revenue from trade taxes, mean tariff rates, tariff, non-tariff trade barriers, compliance costs of importing and exporting, regulatory trade barriers, black market exchange rates, foreign ownership/investment restrictions, capital controls, and freedom of foreigners to visit.

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