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.
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The average for 2024 based on 41 countries was 58 index points. The highest value was in Singapore: 84 index points and the lowest value was in North Korea: 3 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.
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.
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The average for 2024 based on 27 countries was 70 index points. The highest value was in Ireland: 83 index points and the lowest value was in Greece: 55 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.
Singapore was the country with the highest degree of economic freedom in 2021, scoring 8.56 out of 10. Hong Kong followed closely behind at 8.55, and Switzerland came next with a score of 8.47. Most of the highest scoring countries are located in East Asia, Europe, North America, and Oceania.
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The average for 2024 based on 46 countries was 52 index points. The highest value was in Mauritius: 72 index points and the lowest value was in Sudan: 34 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.
This statistic describes the overall score of the Gulf Cooperation Council on the Economic Freedom Index ranking in 2018, by country. According to the 2018 ranking, United Arab Emirates scored overall on the Economic Freedom index 77.6 compared to the Middle east and North African average is 61.5. the UAE is considered in this regard mostly free.
In 2022, Hong Kong ranked highest in international trade freedom with a score of 8.58 out of 10. Singapore followed closely with 8.55, while Switzerland, scoring 8.39, was the top-ranked country in Europe.
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India's performance data on Index of Economic Freedom - score and ranking across all indicators, in addition to comparison with global peers.
Index of economic freedom of France went down by 1.73% from 63.60 score in 2023 to 62.50 score in 2024. Since the 0.30% climb in 2022, index of economic freedom dropped by 5.16% in 2024. 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.
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The average for 2024 based on 20 countries was 60 index points. The highest value was in Canada: 72 index points and the lowest value was in Cuba: 26 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.
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The Index of Economic Freedom since 1995 has annually evaluated 177 countries on a scale from 0 to 100 in 12 categories of economic freedom. Each country receives an overall score reflecting the average of the category scores. The 4 categories of economic freedom are: 1) Rule of Law (property rights, government integrity, judicial effectiveness) 2) Government Size (government spending, tax burden, fiscal health) 3) Regulatory Efficiency (business freedom, labor freedom, monetary freedom) 4) Open Markets (trade freedom, investment freedom, financial freedom) Visit the Economic Freedoms interactive website for the latest report, country ranking, data graphs, heat maps, data exploration and downloads.
62,2 (Punktzahl, höchste Punktzahl = beste Punktzahl) in 2024. 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.
The overall score for Ethiopia on the Economic Freedom Index was 53.6 as of 2020, equally to the score of 2019. During this year, the judicial effectiveness improved. However, this was cancelled out by a drop in fiscal health. According to the index, Ethiopia was ranked the 146th out of 180 countries in the world, and 33rd in the Africa region out of the 53 listed countries. Furthermore, between 2000 and 2020, Ethiopia's overall score was lower than the average for the African continent. Therefore, Ethiopia's economic climate is considered mostly unfree.
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Despite the significance of economic freedom in tourism dynamics, especially from a spatial standpoint, its nuanced influence remains unexplored mainly in current research. To fill this gap, our study introduces a novel spatial panel data analysis to investigate how various components of the economic freedom index affect tourist arrivals in 41 European countries from 2005 to 2018. By employing this innovative approach, we uncover the complex interdependencies between economic freedom and tourism and highlight the significance of regional economic characteristics on the tourism sector’s health. Our findings reveal that a one percent increase in GDP per capita of neighboring nations corresponds to a 0.4 percent increase in tourist arrivals to the home country. In comparison, a similar rise in neighboring countries’ prices leads to a 0.4 percent decrease in inbound tourists. Most economic freedom variables, including the Business Freedom Index, Investment Freedom Index, Labor Freedom Index, Trade Freedom Index, and Government Integrity Index, demonstrate statistically significant positive effects. However, a one percent increase in the Monetary Freedom Index of neighboring countries results in a 0.747 percent reduction in homebound tourists. Notably, enhancements in the country’s and neighboring countries’ Investment Freedom Index and Government Integrity Index contribute to increased arrivals. This research contributes to the broader understanding of economic policies’ impact on tourism, offering valuable insights for policymakers aiming to leverage economic freedom for tourism development. The application of a spatial panel data approach marks a significant methodological advancement in tourism studies, opening new avenues for analyzing economic influences on tourism at a regional level.
53,30 (Punktzahl, höchste Punktzahl = beste Punktzahl) in 2024. 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.
Tunisia's overall score on the Economic Freedom Index was 55.8 as of 2020, which was 0.4 points more than the score for 2019. This increase was based mainly on an improvement in the rule of law indicators. According to the index, Tunisia ranked 128 out of 180 countries in the world and 22 in the African region out of 53 countries. Tunisia's economic climate is therefore considered mostly unfree. Throughout the period under investigation, the overall score of Tunisia on the Economic Freedom Index was over the African average.
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The average for 2024 based on 20 countries was 56 index points. The highest value was in Chile: 71 index points and the lowest value was in Cuba: 26 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.
64,1 (Punktzahl, höchste Punktzahl = beste Punktzahl) in 2024. 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.
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The purpose of the World Press Freedom Index is to compare the level of freedom enjoyed by journalists and media in 180 countries and territories. The definition of press freedom used by RSF and its panel of experts to compile the Index is the following: "Press freedom is defined as the ability of journalists as individuals and collectives to select, produce, and disseminate news in the public interest independent of political, economic, legal, and social interference and in the absence of threats to their physical and mental safety." On the basis of this definition, the press freedom questionnaire and map are broken down into five distinct categories or indicators (political context, legal framework, economic context, sociocultural context and safety). The Index is a snapshot of the situation during the calendar year (January-December) prior to its publication. Nonetheless, it is meant to be seen as an accurate reflection of the situation at the time of publication. Therefore, when the press freedom situation changes dramatically in a country between the end of the year assessed and publication, the data is updated to take account of the most recent events possible. This may be related to a new war, a coup d'état, a major attack on journalists, or the sudden introduction of an extreme repressive policy. The Index is based on a score ranging from 0 to 100 that is assigned to each country or territory, with 100 being the best possible score (the highest possible level of press freedom) and 0 the worst. This score is calculated on the basis of two components: - a quantitative tally of abuses against media and journalists in connection with their work; - a qualitative analysis of the situation in each country or territory based on the responses of press freedom specialists (including journalists, researchers, academics and human rights defenders) to an RSF questionnaire available in 24 languages. The scoring classifications are assigned in the source as follows: - 85 - 100 points: good - 70 - 85 points: satisfactory - 55 - 70 points: problematic - 40 - 55 points: difficult - 0 - 40 points: very serious Please refer to: https://rsf.org/en/methodology-used-compiling-world-press-freedom-index-2024?year=2024&data_type=general
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.