As of 2020, the business freedom sub-score on the Economic Freedom Index for South Africa was 62. This represented a decrease of 2.3 points from the previous year. During the period under review, the South African sub-score ranged between 62 points in 2017 and 2020 and 85 points in 2000. Between 2000 and 2020, the business freedom value for South Africa was higher than both the African and world average except in 2017 and 2020. According to the index, business freedom in South Africa was considered "moderately free" since 2016.
Business freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020
The source did not provide the date of publication. The release date is the date the statistic was accessed.
The Economic Freedom Index was co-published by The Wall Street Journal and The Heritage Foundation and was started in 1994.
The source considers the Sub-Saharan Africa region without the North African countries as they are included in the MENA region. Therefore, the African average has been calculated by Statista based on the original data for each country. The African average includes 52 countries until 2011 and 53 countries from 2012 onwards.
The Economic Freedom Index is divided into 12 variables grouped in four categories:
1) Rule of law: property rights, judicial effectiveness, and government integrity
2) Government size: tax burden, government spending, and fiscal health
3) Regulatory efficiency: business freedom, labor freedom, and monetary freedom
4) Market openness: trade freedom, investment freedom, and financial freedom
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Statista. (August 26, 2020). Business freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168873/business-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Business freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020." Chart. August 26, 2020. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168873/business-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. (2020). Business freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168873/business-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Business Freedom Sub-score of South Africa on The Economic Freedom Index from 2000 to 2020." Statista, Statista Inc., 26 Aug 2020, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168873/business-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista, Business freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168873/business-freedom-sub-score-of-economic-freedom-index-in-south-africa/ (last visited November 10, 2024)
Business freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 [Graph], Statista, August 26, 2020. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/1168873/business-freedom-sub-score-of-economic-freedom-index-in-south-africa/
