What is a trade freedom score?

Answer 1

A trade freedom score measures the extent to which a country allows the free exchange of goods and services across its borders, reflecting policies related to tariffs, trade barriers, and regulatory practices. Higher scores indicate more liberal trade policies, which can promote economic growth and international competitiveness. These scores are often used in economic analyses and rankings by organizations like the Heritage Foundation. They help evaluate the overall trade environment and its impact on a country's economy.