In 2023, index of economic freedom for Saudi Arabia was 58.3 score. Though Saudi Arabia index of economic freedom fluctuated substantially in recent years, it tended to decrease through 2004 - 2023 period ending at 58.3 score in 2023.
The description is composed by our digital data assistant.Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.
| Date | Value | Change, % |
|---|---|---|
| 2023 | 58.30 | 5.05% |
| 2022 | 55.50 | -15.91% |
| 2021 | 66.00 | 5.77% |
| 2020 | 62.40 | 2.80% |
| 2019 | 60.70 | 1.85% |
| 2018 | 59.60 | -7.45% |
| 2017 | 64.40 | 3.70% |
| 2016 | 62.10 | 0.00% |
| 2015 | 62.10 | -0.16% |
| 2014 | 62.20 | 2.64% |
| 2013 | 60.60 | -3.04% |
| 2012 | 62.50 |