Singapore led the Index of Economic Freedom in 2024, with an index score of 83.5 out of 100. Switzerland, Ireland, Taiwan, and Luxembourg rounded out the top five. Economic Freedom Index In order to calculate the Economic Freedom Index, the source takes 12 different factors into account, including the rule of law, government size, regulatory efficiency, and open markets. All 12 factors are rated on a scale of zero to 100 and are weighted equally. Every country is rated within the Index in order to provide insight into the health and freedom of the global economy. Singapore's economy Singapore is one of the four so-called Asian Tigers, a term used to describe four countries in Asia that saw a booming economic development from the 1950s to the early 1990. Today, the City-State is known for its many skyscrapers, and its economy continue to boom. It has one of the lowest tax-rates in the Asia-Pacific region, and continues to be open towards foreign direct investment (FDI). Moreover, Singapore has one of the highest trade-to-GDP ratios worldwide, underlining its export-oriented economy. Finally, its geographic location has given it a strategic position as a center connecting other countries in the region with the outside world. However, the economic boom has come at a cost, with the city now ranked among the world's most expensive.

In 2021, Venezuela was the country that had the lowest economic freedom score, scoring 3.01 and ranking 165/165 out of all countries analyzed. Zimbabwe and Syria followed, scoring 3.81 and 3.9 respectively. Out of the lowest scoring 20 countries, Guyana had the highest score at 5.43, ranking at 146 out of 165 countries analyzed.

Judgement on current situation in life and political and economic development of the country in times of economic and social upheaval.

Topics: 1. Common part of the survey for all participating countries: most important problems of the country; intent to emigrate and country of choice; desired occupation for one´s own child; judgement on the work of the president of the country; fears and desires for the future; assessment of current standard of living and comparison with the situation five years ago and expected future development; judgement on the situation of the country in comparison over time; preference for freedom or social security; attitude to admission of undemocratic parties; attitude to freedom of the press; perceived discrimination against women; attitude to division of labor in raising children; judgement on conduct of parliamentary representatives and attitude to democracy in the country (scale); feeling of political effectiveness; internal or external control; achievement orientation; attitude to the national economy; demand for increased environmental protection; desire for foreign support for one´s country; the government as guarantor of equal opportunities and social security; welfare state; necessity of the willingness to compromise in politics; interest in politics at municipal level; diminishing interest in political events; self-assessment as patriot; attitude to securing of peace through military strength; readiness for national defense; necessity of participation of one´s country in world politics; claims to territory in neighboring countries; attitude to restriction on immigration; attitude to use of military for restoration of world order.

Religion and morals: importance of prayer and significance of God in one´s own life; doubt in the existence of God; attitude to prohibition of books critical of society and to sex magazines and films; attitude to freedom of speech even for fascists; assessment of the general trustworthiness of people; AIDS as punishment by God; representation of traditional values in the area of family and marriage; attitude to abortion; clear concepts of Good and Evil; perceived intensification of class differences; assessment of personal things in common with uneducated and with persons of another race or ethnic affiliation; satisfaction with one´s own financial situation.

Demography: party membership; union membership; residential status; city size; religiousness.

1. Additional questions in this survey: judgement on political and economic changes of the last few years; particularly positive and negative changes; attitude to introduction of a multi-party system and introduction of the free market economy; judgement on the speed of transition to the free market economy; assessment of the influence of the media and organizations as well as institutions on the country; assumed influence of foreign nations on one´s own country; attitude to selected ethnic groups (Russians, Georgians, Lithuanians, Ukrainians, Jews, Armenians, Azerbaijanis) and people from the asiatic republics; perceived threat to the nation from within and without; judgement on the effects of the social changes on the standard of living, moral concepts, public morals, dealing of the people with one another and on the relation of ethnic groups with each other; judgement on the influence of the church; most reliable alliance partner for one´s country; countries from which the greatest threat originates; attitude to Gorbachev, Bush, the Pope, the UN and selected personalities of public life; attitude to privatization of selected areas of the economy and civil service; attitude to free establishing of prices; acceptance of unemployment or preference for government guarantee of full-employment; attitude to a government-specified profit limitation; attitude to borrowing to finance durable economic goods; occupation within one´s own home; work satisfaction; satisfaction with employer; attitude to founding business with credit financing; judgement on the speed with which democracy is developing in the country; identification with one´s country or the Soviet Union; assessment of the ability of government, army, parties, church and KGB; attitude to a Republic independent of the USSR; most important reasons for desired independence; privileged or disadvantaged republics within the USSR; preferred development of society in the direction of socialism or capitalism; greatest fears of the future; attitude to private property and sale of land by farmers; preference for a democratic government or a strong leadership; attitude to a careful discussion of political controversies; career of the newly successful due to performance or through connections; attribution of failures to society or persons; egoism or social conditions as reasons for inadequate material provision; characterization of one´s own people by means of a list of characteristics; nationality.

Judgement on current situation in life and political and economic development of the country in times of economic and social upheaval.

Topics: 1. Common part of the survey for all participating countries: most important problems of the country; intent to emigrate and country of choice; desired occupation for one´s own child; judgement on the work of the president of the country; fears and desires for the future; assessment of current standard of living and comparison with the situation five years ago and expected future development; judgement on the situation of the country in comparison over time; preference for freedom or social security; attitude to admission of undemocratic parties; attitude to freedom of the press; perceived discrimination against women; attitude to division of labor in raising children; judgement on conduct of parliamentary representatives and attitude to democracy in the country (scale); feeling of political effectiveness; internal or external control; achievement orientation; attitude to the national economy; demand for increased environmental protection; desire for foreign support for one´s country; the government as guarantor of equal opportunities and social security; welfare state; necessity of the willingness to compromise in politics; interest in politics at municipal level; diminishing interest in political events; self-assessment as patriot; attitude to securing of peace through military strength; readiness for national defense; necessity of participation of one´s country in world politics; claims to territory in neighboring countries; attitude to restriction on immigration; attitude to use of military for restoration of world order.

Religion and morals: importance of prayer and significance of God in one´s own life; doubt in the existence of God; attitude to prohibition of books critical of society and to sex magazines and films; attitude to freedom of speech even for fascists; assessment of the general trustworthiness of people; AIDS as punishment by God; representation of traditional values in the area of family and marriage; attitude to abortion; clear concepts of Good and Evil; perceived intensification of class differences; assessment of personal things in common with uneducated and persons of another race or ethnic affiliation; satisfaction with one´s own financial situation.

Demography: party membership; union membership; residential status; city size; religiousness.

1. Additional questions in this survey: judgement on the political and economic changes of the last few years; particularly positive and negative changes; attitude to introduction of a multi-party system and introduction of the free market economy; judgement on the speed of transition to the free market economy; assessment of the influence of the media and organizations as well as institutions on the country; assumed influence of foreign nations on one´s country; attitude to selected ethnic groups (Slovaks, Romas, Germans, Jews, gipsies, Arabs and Hungarians of Romanian descent); perceived threat to the nation from within and without; judgement on the effects of social changes on the standard of living, moral concepts, public morals, dealing of people with one another and on the relation of ethnic groups with each other; judgement on the influence of the church; most reliable alliance partner for one´s country; countries from which the greatest threat originates; attitude to Gorbachev, Bush, the Pope, the UN and selected personalities of public life; most important fears; preference for forgetting or calling to account those responsible in the old regime; preference for replacement of key managers of the old regime; attitude to privatization of selected areas of the economy and civil service; attitude to free establishing of prices; acceptance of unemployment or preference for government guarantee of full-employment; attitude to a government-specified profit limitation; attitude to borrowing to finance durable economic goods; occupation within one´s home; work satisfaction; satisfaction with employer; preference for capitalism or democratic (social) market economy; party preference; judgement on current position of women in comparison to their position in the old regime; preference for national defense in an alliance or with individually concluded peace treaties; judgement on the level of defense expenditures; attitude to export of weapons into third world countries; attitude to advertising (scale); acceptance of advertising in selected media; desired establishing of prices through the market, production costs or government determination; attitude to the EC; judgement on selected western name-brand products and company names; acceptance of advertising in selected media; attitude to sale of foreign products in the country; ethnic identity.

Series Name: Average tariff applied by developed countries most-favored nation status by type of product (percent)Series Code: TM_TAX_DMFNRelease Version: 2020.Q2.G.03 This dataset is the part of the Global SDG Indicator Database compiled through the UN System in preparation for the Secretary-General's annual report on Progress towards the Sustainable Development Goals.Indicator 17.12.1: Weighted average tariffs faced by developing countries, least developed countries and small island developing StatesTarget 17.12: Realize timely implementation of duty-free and quota-free market access on a lasting basis for all least developed countries, consistent with World Trade Organization decisions, including by ensuring that preferential rules of origin applicable to imports from least developed countries are transparent and simple, and contribute to facilitating market accessGoal 17: Strengthen the means of implementation and revitalize the Global Partnership for Sustainable DevelopmentFor more information on the compilation methodology of this dataset, see https://unstats.un.org/sdgs/metadata/

The number of special economic zones worldwide has increased reaching 5.4 thousand in 2018, from about 79 in 1975. Free trade zones facilitate the accessibility of investors to the market and offer an encouraging incentive for foreign direct investments.

 Overview of Special Economic Zones

Free trade zones, also known as special economic zones (SEZ) are areas in a country that have unique trade rules and regulations other than the country’s main regulations. These zones increase investments, especially foreign investments, as they provide the environment with supportive policies and infrastructure that reduce risk and increase incentives. In 2018, there were free trade zones in around 147 countries worldwide (1203478). Among the Middle East and North Africa (MENA) region, the United Arab Emirates had about 47 SEZ which is the highest in the region. Special economic zones provide entry to new markets with the extra support of having a neutral political zone.

 MENA Special Economic Zones 

Free trade zones are important as they often have a large influence on political relationships between countries. Free trade zones provide multiple advantages to the country by promoting and supporting growth and integration through infrastructure development, greater investments, and providing jobs. To attract foreign investors, free trade zone operators in the MENA region offer ownership rights, tax and duties exemptions, and relaxed labor laws. The value of foreign direct investments in the MENA region almost reached 29 billion U.S. dollars in 2017. The value of foreign direct investments into the UAE exceeded 13.8 billion U.S. dollars by 2019, with the largest share being in the real estate sector. The largest foreign direct investments to the United Arab Emirates were from the United Kingdom of Great Britain at more than 72 billion UAE dirhams in 2015.

This dataset provides values for CAPITAL FLOWS reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The Europe Gluten Free Flour Market would witness market growth of 3.8% CAGR during the forecast period (2023-2030). In the year 2020, the Europe market's volume surged to 266.4 Kilo tonnes, showcasing a growth of 3.9% (2019-2022). The most conventional application of gluten-free flour is in produc

Assessment of the political and economic situation of the country. Attitude to the European Union. Topics: Judgement on the general development of the country; judgement on the financial development of individual households in the last year and expectations on this for the next year; attitude to the free market economy; judgement on the speed of economic reforms as well as privatization of governmental companies; satisfaction with development of democracy in the country; assessment on the extent of respect of human rights in one´s country; attitude to the goals and activities of the European Union; designation of the country with which the future of one´s own country most likely will be tied; degree of familiarity of the aid programs called PHARE and TACIS for the countries of the former East Bloc; knowledge about the financial backer for the two programs; more advantages for the country or the EU through mutual relations; party preference; national or ethnic origins; native language; knowledge of foreign languages. Except in Russia the following additional question was posed: primarily used source of information about the policies of the EU. The following additional questions were posed in the countries that had signed the European Agreement: attitude regarding membership in the EU and NATO; groups having particular advantage or disadvantage from the tie with the EU. Also encoded was: region; city size; date of interview; time of start of interview; presence of other persons during the survey; willingness of respondent to cooperate.

Subscribers can find out export and import data of 23 countries by HS code or product’s name. This demo is helpful for market analysis.

Series Name: Average tariff applied by developed countries preferential status by type of product (percent)Series Code: TM_TAX_DPRFRelease Version: 2020.Q2.G.03 This dataset is the part of the Global SDG Indicator Database compiled through the UN System in preparation for the Secretary-General's annual report on Progress towards the Sustainable Development Goals.Indicator 17.12.1: Weighted average tariffs faced by developing countries, least developed countries and small island developing StatesTarget 17.12: Realize timely implementation of duty-free and quota-free market access on a lasting basis for all least developed countries, consistent with World Trade Organization decisions, including by ensuring that preferential rules of origin applicable to imports from least developed countries are transparent and simple, and contribute to facilitating market accessGoal 17: Strengthen the means of implementation and revitalize the Global Partnership for Sustainable DevelopmentFor more information on the compilation methodology of this dataset, see https://unstats.un.org/sdgs/metadata/

Assessment of the political and economic situation of the country. Attitude to the European Community. Topics: Judgement on general development of the country; judgement on the financial development of the household in the last year and expectations here for the next year; attitude to the free market economy; judgement on the speed of economic reforms as well as of privatization of public companies; satisfaction with the development of democracy in the country; assessment of the extent of respect for human rights in one´s country; attitude to the goals and activities of the European Community; designation of the country with which the future of one´s own country will be most closely tied; religiousness; frequency of conducting religious activities; ethnic origin; self-classification on a left-right continuum; feeling as a European; intent to participate in the election; party preference. Also encoded were: region; city size; date of interview; time of start of interview; presence of other persons during interview; willingness of respondent to cooperate.

European Pig Fat Free of Lean Meat Market Size Volume by Country, 2023 Discover more data with ReportLinker!

Since the early 1970s the European Commission´s Standard & Special Eurobarometer are regularly monitoring the public opinion in the European Union member countries. Principal investigators are the Directorate-General Communication and on occasion other departments of the European Commission or the European Parliament. Over time, candidate and accession countries were included in the Standard Eurobarometer Series. Selected questions or modules may not have been surveyed in each sample. Please consult the basic questionnaire for more information on country filter instructions or other questionnaire routing filters. In this study the following modules are included: 1. Europeans in 2019, 2. General Data Protection Regulation / Awareness of the Charter of Fundamental Rights of the European Union, 3. Europeans’ attitudes towards vaccination.
Topics: 1. Europeans in 2019: most important problems in the own country and in the EU; trust in selected institutions: media, political parties, regional or local public authorities, national government, national parliament, European Union; meaning of the EU to the respondent; knowledge test on the EU: direct election of European Parliament members by the citizens of each member state; attitude towards the following issues: European economic and monetary union with one single currency, common foreign policy of all member states, common defence and security policy, common trade policy, common migration policy, common energy policy, digital single market within the EU, free movement of EU citizens; satisfaction with the democracy in the own country and in the EU; approval of the following statements: respondent understands how the EU works, more decisions to be taken at EU level, globalisation as an opportunity for economic growth; attitude towards selected statements: EU is a place of stability in a troubled world, free-market economy should go with a high level of social protection, globalisation threatens national identity, EU offers a future perspective for European youth, recognition of people’s interests by national political system, rise of political parties protesting against traditional political elites is a matter of concern, everyone in the own country has a chance to succeed in life; optimism about the future of the EU; feeling of being a citizen of the EU; most positive results of the EU; approval of selected statements: people in the own country have a lot of things in common, people in the EU have a lot of things in common, respondent understands what is going on the world, confidence in the future; main assets and main challenges of the EU; preferred issues to be emphasized for the future of Europe; preferred measures to improve access to healthcare in the EU; areas in the EU upon which technology will have the biggest impact: finance, employment and work, migration, health, social life, education, crime, social protection.

1. General Data Protection Regulation / Awareness of the Charter of Fundamental Rights of the European Union: awareness of the Charter of Fundamental Rights of the EU; self-rated knowledge about the Charter of Fundamental Rights of the EU; knowledge test on the Charter of Fundamental Rights of the EU: is legally binding, applies to all actions of EU institutions, applies to all actions of EU member states, applies to member states only when they implement EU law; preferred bodies to address a complaint to regarding the violation of rights enshrined by the Charter of Fundamental Rights of the EU: EU institution, national government, police, court, ombudsman or independent body in the own country, NGO; interest in additional information about the following aspects of the Charter: contact points in case of violation of rights enshrined by the Charter, content of the Charter, application of the Charter, historical and political context of the Charter; frequency of purchasing goods or services online; main reasons for providing personal information online; feeling of control over personal information provided online; extent of concern about not having complete control; attempts made to change the privacy settings of the personal profile on an online social network; assessment of the changes as easy; reasons for not changing; awareness of the conditions of collection and the further use of personal data provided online; attention payed to privacy statements on the internet; reasons for not paying attention; awareness of a public authority responsible for protecting people’s rights regarding personal data; awareness of the General Data Protection Regulation (GDPR); awareness and exercise of the following rights in the context of the GDPR: right to access personal data, right to object to receiving direct marketing, right to correct wrong data, right to have personal data deleted, right to have a say with regard to automated decisions, right to move data between providers.

2. Europeans’ attitudes towards vaccination: knowledge test on...

Since the early 1970s the European Commission´s Standard & Special Eurobarometer are regularly monitoring the public opinion in the European Union member countries. Principal investigators are the Directorate-General Communication and on occasion other departments of the European Commission or the European Parliament. Over time, candidate and accession countries were included in the Standard Eurobarometer Series. Selected questions or modules may not have been surveyed in each sample. Please consult the basic questionnaire for more information on country filter instructions or other questionnaire routing filters. In this study all question modules are in the standard Eurobarometer context: 1. Standard EU and trend questions, 2. Europe 2020 strategy and policy priorities, 3. Financial and economic crisis and related EU policies, 4. European citizenship.
Topics: 1. Attitudes towards the EU (standard EU and trend questions): life satisfaction; frequency of discussions about political matters on national, European, and local level; assessment of the current situation in the following areas: national economy, European economy, personal job situation, financial situation of the own household, national employment situation, provision of public services in the own country; expectations for the next twelve months regarding: personal life in general, national economic situation, financial situation of the own household, national employment situation, personal job situation, economic situation in the EU, quality of life in the Turkish Cypriot Community; most important problems in the own country, personally, and in the EU; assessment of the own country’s assumed membership in the EU as a good thing; expectations of benefit from an assumed membership of the own country; assessment of the full application of EU legislation for the Turkish Cypriot Community (TCC) as a good thing; expectations of benefit from the full application of EU legislation for the Turkish Cypriot Community (TCC); general direction things are going in the own country, the EU, and in the USA; trust in selected institutions: national legal system, police, army, public administration, political parties, regional or local public authorities, national government, national parliament, European Union, United Nations; image of the EU; meaning of the EU to the respondent; most suitable attributes for describing the EU: modern, democratic, protective, efficient, remote, forward-looking; approval of the following statements on the EU: creates conditions for more jobs in Europe, makes doing business easier in Europe, generates too much bureaucracy, needs a clearer message; knowledge of and trust in selected institutions: European Parliament, European Commission, European Central Bank; knowledge test on the EU: number of member states, direct election of European Parliament members by the citizens of each member state, Switzerland is a member of the EU; attitude towards the following issues: European economic and monetary union with one single currency, common foreign policy of all member states, further enlargement, common defence and security policy, free trade and investment agreement between the EU and the USA, common migration policy, common energy policy, digital single market within the EU, free movement of EU citizens; satisfaction with the democracy in the own country and in the EU; approval of the following statements: respondent understands how the EU works, recognition of the own country’s interests in the EU, EU’s voice counts in the world, globalisation as an opportunity for economic growth, better development of the own country outside the EU, more decisions to be taken at EU level; optimism about the future of the EU.

1. Europe 2020 strategy and policy priorities: likelihood to reach the following objectives by 2020: three quarters of people between 20 and 64 years of age having a job, share of funds invested in research and development reaching 3% of the wealth produced in the EU each year, reduction of EU greenhouse gas emissions by at least 20% (compared to 1990), increase of the share of renewable energy in the EU by 20%, increase of energy efficiency in the EU by 20%, reduction of the share of young people leaving school without qualifications to 10%, at least 40% of the people aged 30 to 34 having a higher education degree or diploma, reduction of the number of people living below the poverty line by a quarter, increase industry’s contribution to economy to 20% of GDP; EU is going in the right direction to exit the crisis and face new global challenges; most important objectives in a European energy union; feeling towards immigration of people from: other EU member states, outside the EU; attitude towards the right for EU citizens to: live or work in every member state of the EU, live or work in the respondent’s country.

2. Financial and economic crisis and related EU policies: impact of the economic crisis on the job market has...

Snapshot img

Foreign Exchange Market Size 2025-2029

The foreign exchange market size is forecast to increase by USD 582 billion at a CAGR of 10.6% between 2024 and 2029.

The market continues to evolve, driven by several key trends and challenges. One significant trend is the increasing use of money transfer agencies, venture capital investments, and mutual funds in foreign exchange transactions. The Internet of Things (IoT) and artificial intelligence (AI) revolutionize banking and financial services, enabling real-time personal finance software and content delivery for travelers and businesses. The uncertainty of future exchange rates fuels the demand for 24x7 trading opportunities. As urbanization progresses and digitalization becomes more prevalent, the market is expected to grow, offering numerous opportunities for businesses and investors.

What will be the Size of the Foreign Exchange Market During the Forecast Period?

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The market, also known as the forex or FX market, is a decentralized global market for the trading of currencies. It facilitates the conversion of one currency into another for various reasons, including international trade, tourism, hedging, speculation, and investment. Participants in this market include financial institutions, non-financial customers, individuals, retailers, corporate institutes, and central banks. Currencies are traded 24 hours a day, five days a week, due to the presence of multiple time zones and the interbank network.
Currency swaps, interest rate differentials, monetary interventions, economic indicators, political developments, and investment flows are some of the key drivers influencing the market. International trade, balance of payments, and economic instability in various countries also significantly impact currency values. Speculation and hedging activities, particularly by corporations and financial institutions, contribute to the volatility of currency rates. The market is increasingly leveraging artificial intelligence and Internet of Things technologies to optimize trading strategies, with mutual funds utilizing these advancements to enhance portfolio performance and manage currency risk more efficiently. The forex market plays a crucial role in facilitating international business transactions and managing risks associated with currency fluctuations.

How is this Foreign Exchange Industry segmented and which is the largest segment?

The industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.TypeReporting dealersFinancial institutionsNon-financial customersTrade Finance InstrumentsCurrency swapsOutright forward and FX swapsFX optionsCounterpartyReporting DealersOther Financial InstitutionsNon-Financial CustomersGeographyNorth AmericaCanadaUSEuropeGermanyUKAPACChinaIndiaJapanSouth AmericaBrazilMiddle East and Africa

By Type Insights

The reporting dealers segment is estimated to witness significant growth during the forecast period. The market, also known as Forex or FX, is a global financial market where participants buy, sell, and exchange currencies. This market involves various market participants, including financial institutions, non-financial customers, and corporations. Currency swaps, individuals, retailers, corporates, hedge funds, wealth managers, and foreign exchange services are among the key players. The markets facilitate international trade and investment flows, with economic indicators, political developments, inflationary pressures, and interest rate differentials influencing currency values. Monetary interventions, speculation, and risk appetite are also significant factors.
Modern technology and electronic platforms have increased efficiency and accessibility, enabling 24-hour operation. Currency exchange services, monetary policies, and regulations, including those by central banks, impact the market. Economic events, financial crises, and strategic corporate activities can cause volatility. Hedging strategies, accessible platforms, and personal finance considerations are essential for individual investors, small businesses, and multinational corporations dealing with major currency pairs. Online trading platforms and trade balances are crucial for managing currency risks in an increasingly globalized business environment.

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The Reporting dealers segment was valued at USD 278.60 billion in 2019 and showed a gradual increase during the forecast period.

Currency pairs are the foundation of forex trading, with spot trading being one of the most common methods of buying and selling currencies. Forward contracts and swap deals offer traders the ability to lock in exchange rates for future transactions, managing ris

Explore the top import markets for uncoated wood free printing and writing paper, including the United States, Germany, United Kingdom, and more. Get key statistics and insights from IndexBox market intelligence platform.

Free-range country chicken refers to chickens that are raised in a free-roaming environment, allowing them to move around and forage naturally. It offers superior taste, improved nutritional value, and is considered more humane and sustainable compared to conventionally raised chicken.

Singapore was the leading country in the Globalization Index 2023 in the field of economic globalization. The 2023 edition of the index uses data from the year 2021. Belgium and the Netherlands followed in the places behind.

The era of globalization

The beginning of the current era of increasing economic globalization was signaled by the creation of the Bretton Woods institutions toward the end of the Second World War. These institutions acted as the foundation for the International Monetary Fund, World Bank and World Trade Organization. The institutions, and their modern equivalents, sought to reduce the barriers on international trade in goods, services and capital markets. In the decades following their inception international trade has skyrocketed to become a cornerstone of the international economy, as demonstrated by trends in global export volume of trade in goods from 1950. Economic globalization
Countries that are perceived as more economically globalized are those with low tariffs on imports, more free-trade agreements, regulation that accommodates foreign investment and lower non-tariff barriers to trade such as safety regulations on imports. However, economic globalization fails to capture the entire picture in regards to globalization processes and their impact on countries. As such, analysts have placed attention on the social and political effects on globalization as seen in the index for social globalization and index for political organization. To see the combined results of the multiple globalization indexes see the Top 100 countries in the Globalization Index.

In the 2nd edition of lactose free dairy product market report, FMI analysts has assessed that the sales of lactose free dairy products are going to be valued US$ 13,874.30 million in 2024.

Attributes	Key Insights
Lactose Free Dairy Product Market Size (2024E)	US$ 13,874.30 million
Market Valuation (2034F)	US$ 23,983.50 million
Value-based CAGR (2024 to 2034)	5.6%

Category-wise Lactose Free Dairy Product Market Analysis

Leading Product Type	Milk
Value Share (2024)	34.20%

Leading Form	Liquid
Value Share (2024)	45.30%

Global Lactose Free Dairy Product Market Dynamics by Country

Countries	Forecast CAGR (2024 to 2034)
The United States	5.20%
Germany	6.60%
China	7.10%
Japan	6.40%
India	8.40%