Trade Freedom Index

North America Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Canada	83	2022	1	89
2 ↑	Panama	77	2022	4	77
2	Mexico	77	2022	2	82
4 ↑	Costa Rica	75	2022	6	75
4 ↓	United States	75	2022	3	80
4 ↑	Guatemala	75	2022	5	76
7	Honduras	72	2022	7	72
8	El Salvador	69	2022	8	71
9	Nicaragua	68	2022	9	68
10	Ecuador	61	2022	10	60

Definition of Trade Freedom Index

The Trade freedom index is based on two indicators: the trade-weighted average tariff rate and non-tariff barriers (including quantity, price, regulatory, customs and investment restrictions, and direct government intervention).