Trade Freedom Index

Oceania Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Australia	90	2022	1	90
1	New Zealand	90	2022	1	90
3 ↑	Kiribati	80	2022	10	24
3	Papua New Guinea	80	2022	3	80
5 ↓	Micronesia	75	2022	4	75
6 ↓	Tonga	73	2022	5	73
7 ↑	Solomon Islands	69	2021	9	48
8 ↓	Samoa	66	2021	6	65
9 ↓	Vanuatu	62	2022	7	62
10 ↓	Fiji	55	2022	8	55

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).