The trade freedom sub-score on the Economic Freedom Index for South Africa was 75.8 as of 2020. This was a decline of 0.2 points from 2019. Throughout the period under review, the South African value was higher than the African continent average. In comparison to the world average, the South African trade freedom was higher in 2003, from 2005 to 2017 , 2019, and 2010. In the last two decades, the sub-score for trade freedom ranged between 61 points from 2000 to 2002 and 77.8 points in 2005 and 2006. According to the index, trade freedom in South Africa was considered "mostly free" since 2005.
Trade 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). Trade freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 [Graph]. In Statista. Retrieved December 31, 2024, from https://www.statista.com/statistics/1169366/trade-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Trade freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020." Chart. August 26, 2020. Statista. Accessed December 31, 2024. https://www.statista.com/statistics/1169366/trade-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. (2020). Trade freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020. Statista. Statista Inc.. Accessed: December 31, 2024. https://www.statista.com/statistics/1169366/trade-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Trade 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/statistics/1169366/trade-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista, Trade freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 Statista, https://www.statista.com/statistics/1169366/trade-freedom-sub-score-of-economic-freedom-index-in-south-africa/ (last visited December 31, 2024)
Trade 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/statistics/1169366/trade-freedom-sub-score-of-economic-freedom-index-in-south-africa/
