POST Online Media Lite Edition


Economic freedom: Hong Kong and Singapore on top, United States 16th

Staff writer |
The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom.

The average chain-linked economic freedom rating for the 102 countries with continuous ratings since 1980 has increased from 5.31 in 1980 to 5.77 in 1990 before jumping to 6.74 in 2000 and finally to 6.86 in 2013. The global average increased slightly this past year.

Hong Kong and Singapore, once again, occupy the top two positions. The other nations in the top 10 are New Zealand, Switzerland, United Arab Emirates, Mauritius, Jordan, Ireland, Canada, and the United Kingdom.

The rankings of some other major countries are the United States (16th), Japan (26th), Germany (29th), South Korea (39th), Italy (68th), France (70th), Mexico (93st), Russia (99th), China (111th), India (114th), and Brazil (118th).

The 10 lowest-rated countries are: Angola, Central African Republic, Zimbabwe, Algeria, Argentina, Syria, Chad, Libya, the Republic of Congo, and, in last place, Venezuela.

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