54 datasets found
  1. 2024 Index of Economic Freedom

    • statista.com
    Updated Aug 19, 2024
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    Statista (2024). 2024 Index of Economic Freedom [Dataset]. https://www.statista.com/statistics/256965/worldwide-index-of-economic-freedom/
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    Dataset updated
    Aug 19, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Worldwide
    Description

    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.

  2. Annual ranking of Israel on the Economic Freedom Index 2000-2025

    • statista.com
    Updated Apr 5, 2019
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    Statista (2019). Annual ranking of Israel on the Economic Freedom Index 2000-2025 [Dataset]. https://www.statista.com/statistics/992153/israel-overall-score-on-the-economic-freedom-index/
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    Dataset updated
    Apr 5, 2019
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Israel
    Description

    In 2025, Israel was given a score of 69.9 on the Economic Freedom Index published by The Heritage Foundation. This positions the country's economy as the top 26th most liberal in the world, just below the United States. The world average economic freedom score in 2021 was 61.6.

  3. Annual ranking of Israel on the Economic Freedom Index 2000-2024

    • statista.com
    Updated Apr 9, 2019
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    Statista Research Department (2019). Annual ranking of Israel on the Economic Freedom Index 2000-2024 [Dataset]. https://www.statista.com/topics/5285/israel-election-2019/
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    Dataset updated
    Apr 9, 2019
    Dataset provided by
    Statistahttp://statista.com/
    Authors
    Statista Research Department
    Area covered
    Israel
    Description

    In 2024, Israel was given a score of 70.1 on the Economic Freedom Index published by The Heritage Foundation. This positions the country's economy as the top 26th most liberal in the world, just bellow the United States. The world average economic freedom score in 2021 was 61.6.

  4. V

    Vanuatu Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated May 16, 2024
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    Globalen LLC (2024). Vanuatu Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Vanuatu/economic_freedom/
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    xml, csv, excelAvailable download formats
    Dataset updated
    May 16, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 2009 - Dec 31, 2024
    Area covered
    Vanuatu
    Description

    Vanuatu: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Vanuatu de 2009 à 2024. La valeur moyenne pour Vanuatu pendant cette période était de 61 index points avec un minimum de 56 index points en 2010 et un maximum de 70 index points en 2018.

  5. d

    Replication Data for: Economic Dependence on the State and Pro-Authority...

    • search.dataone.org
    • dataverse.harvard.edu
    Updated Nov 8, 2023
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    Gervasoni, Carlos (2023). Replication Data for: Economic Dependence on the State and Pro-Authority Attitudes: Evidence from 18 Latin American Countries [Dataset]. http://doi.org/10.7910/DVN/UUMZ0W
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    Dataset updated
    Nov 8, 2023
    Dataset provided by
    Harvard Dataverse
    Authors
    Gervasoni, Carlos
    Time period covered
    Jan 1, 2016 - Jan 1, 2017
    Description

    Dataset with survey-based indicators of economic dependence on sources of state income (such as salaries, pensions, CCTs) and indicators of postive attitudes towards political authorities (plus three indices of Pro-Authority Attitudes constructed by the author, and used as dependent variables in the analysis) for 26,676 citizens of 18 Latin American. Individual-level data come from the 2016-7 waves of the AmericasBarometer by the Latin American Public Opinion Project (LAPOP), see www.vanderbilt.edu/lapop/about-americasbarometer.php. The dataset also contains three country level-variables: Democracy ("democracy") is the Liberal Democracy Index (model estimates) from the Varieties of Democracy project (www.v-dem.net/data/the-v-dem-dataset); Government effectiveness ("gov_effect") comes from the World Bank's Worlwide Governance Indicators (databank.worldbank.org/source/worldwide-governance-indicators); Economic freedom ("efi_index_01") is the Heritage Foundation's Economic Freedom Index (rescaled 0 to 1; www.heritage.org/index/about).

  6. C

    Chili Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Jun 27, 2024
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    Globalen LLC (2024). Chili Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Chile/economic_freedom/
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    excel, csv, xmlAvailable download formats
    Dataset updated
    Jun 27, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    Chili
    Description

    Chili: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Chili de 1995 à 2024. La valeur moyenne pour Chili pendant cette période était de 76 index points avec un minimum de 71 index points en 1995 et un maximum de 79 index points en 2008.

  7. a

    Liberia Foreign Investments

    • ebola-nga.opendata.arcgis.com
    • hub.arcgis.com
    Updated Dec 4, 2014
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    National Geospatial-Intelligence Agency (2014). Liberia Foreign Investments [Dataset]. https://ebola-nga.opendata.arcgis.com/content/19daa063da8e41c4b9b22e5173e252cd
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    Dataset updated
    Dec 4, 2014
    Dataset authored and provided by
    National Geospatial-Intelligence Agency
    Area covered
    Description

    (UNCLASSIFIED) Despite significant progress, Liberia still lags in promoting the effective rule of law. The judicial system remains vulnerable to political interference, and property rights are not strongly protected. Lingering corruption further undermines freedom and hampers the emergence of more vibrant economic activity.Liberia has benefited from over USD 16 billion in FDI commitments since the end of the war in iron ore, forestry, rubber and palm oil. The government is promoting increased local business linkages with these global value chains in order to increase the capacity and value added of the local private sector while also increasing employment and the skills base. However, the capacity of the local private sector currently limits participation, while it is also bound by severe infrastructure constraints. Investment to address infrastructure bottlenecks is moving forward. The business environment, which is being supported by increased dialogue with stakeholders and improved information sharing, will also need further enhancement.Liberia’s average tariff rate is 10.4 percent. The government restricts foreign investment in several sectors. The financial sector remains vulnerable to political influence and institutional instability. The scarce access to financing continues to impede much-needed entrepreneurial activity and private-sector development. The financial sector is dominated by banking, but a large part of the population remains outside of the formal banking sector. Attribute Table Field DescriptionsISO3 - International Organization for Standardization 3-digit country code ADM0_NAME - Administration level zero identification / name ADM1_NAME - Administration level one identification/name ADM2_NAME - Administration level two identification / name NAME - Name of foreign investment project SECTOR - Sector of foreign investment project DESCRIP - Description of foreign investment project LEND_INSTR - Lending Instrument CITY - City location VALUE - Value of foreign investment in millions APP_DATE - Date application was approved APP_YEAR - Year application was approved SPA_ACC - Spatial accuracy of site location (1 – high, 2 – medium, 3 – low, 4 – regional, 5 – country) SOURCE_DT - Primary source creation date SOURCE - Primary source SOURCE2_DT - Secondary source creation date SOURCE2 - Secondary source CollectionThe feature class was generated utilizing data from the UNDP, AFDB, and The World Bank.The data included herein have not been derived from a registered survey and should be considered approximate unless otherwise defined. While rigorous steps have been taken to ensure the quality of each dataset, DigitalGlobe is not responsible for the accuracy and completeness of data compiled from outside sources.Sources (HGIS)The Heritage Foundation. “Liberia Economy.” Index of Economic Freedom. 2014. Accessed September 29, 2014. http://www.heritage.org.The World Bank. “Liberia.” The World Bank. 2014. Accessed September 29, 2014. http://www.worldbank.org.Sources (Metadata)Hettinger, O.; Kilo, M.; Perrault, F. “Liberia Country Strategy Paper 2013-2017.” African Development Bank Group. June 2013. Accessed September 29, 2014. http://www.afdb.org.The Heritage Foundation. “Liberia Economy.” Index of Economic Freedom. 2014. Accessed September 29, 2014. http://www.heritage.org.Hettinger, P.; James, J. “Liberia 2014.” African Economic Outlook. 2014. Accessed September 29, 2014. http://www.africaneconomicoutlook.org.The World Bank. “Liberia.” The World Bank. 2014. Accessed September 29, 2014. http://www.worldbank.org.

  8. A

    Allemagne Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Jun 17, 2024
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    Globalen LLC (2024). Allemagne Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Germany/economic_freedom/
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    csv, xml, excelAvailable download formats
    Dataset updated
    Jun 17, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    Allemagne
    Description

    Allemagne: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Allemagne de 1995 à 2024. La valeur moyenne pour Allemagne pendant cette période était de 71 index points avec un minimum de 64 index points en 1998 et un maximum de 76 index points en 2022.

  9. P

    Porto Rico Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Jun 26, 2024
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    Globalen LLC (2024). Porto Rico Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Puerto-Rico/economic_freedom/
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    xml, excel, csvAvailable download formats
    Dataset updated
    Jun 26, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Area covered
    Porto Rico
    Description

    Porto Rico: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Porto Rico de à . La valeur moyenne pour Porto Rico pendant cette période était de index points avec un minimum de index points en et un maximum de index points en .

  10. S

    Sainte-Lucie Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Oct 13, 2022
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    Globalen LLC (2022). Sainte-Lucie Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Saint-Lucia/economic_freedom/
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    csv, xml, excelAvailable download formats
    Dataset updated
    Oct 13, 2022
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 2009 - Dec 31, 2024
    Area covered
    Sainte-Lucie
    Description

    Sainte-Lucie: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Sainte-Lucie de 2009 à 2024. La valeur moyenne pour Sainte-Lucie pendant cette période était de 68 index points avec un minimum de 61 index points en 2023 et un maximum de 71 index points en 2010.

  11. R

    Romania Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated May 8, 2024
    + more versions
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    Globalen LLC (2024). Romania Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Romania/economic_freedom/
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    csv, xml, excelAvailable download formats
    Dataset updated
    May 8, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    Roumanie
    Description

    Romania: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Romania de 1995 à 2024. La valeur moyenne pour Romania pendant cette période était de 60 index points avec un minimum de 43 index points en 1995 et un maximum de 70 index points en 2017.

  12. C

    Chine, RAS de Hong Kong Economic freedom, overall index - données, graphique...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Jun 13, 2024
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    Globalen LLC (2024). Chine, RAS de Hong Kong Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Hong-Kong/economic_freedom/
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    excel, csv, xmlAvailable download formats
    Dataset updated
    Jun 13, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2020
    Area covered
    Hong Kong, Chine
    Description

    Chine, RAS de Hong Kong: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Chine, RAS de Hong Kong de 1995 à 2020. La valeur moyenne pour Chine, RAS de Hong Kong pendant cette période était de 90 index points avec un minimum de 88 index points en 1998 et un maximum de 91 index points en 1996.

  13. V

    Viet Nam Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Oct 13, 2022
    + more versions
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    Globalen LLC (2022). Viet Nam Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Vietnam/economic_freedom/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    Oct 13, 2022
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    Vietnam
    Description

    Viet Nam: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Viet Nam de 1995 à 2024. La valeur moyenne pour Viet Nam pendant cette période était de 50 index points avec un minimum de 39 index points en 1997 et un maximum de 63 index points en 2024.

  14. R

    République dominicaine Economic freedom, overall index - données, graphique...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Oct 13, 2022
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    Globalen LLC (2022). République dominicaine Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Dominican-Republic/economic_freedom/
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    excel, csv, xmlAvailable download formats
    Dataset updated
    Oct 13, 2022
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    République dominicaine
    Description

    République dominicaine: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la République dominicaine de 1995 à 2024. La valeur moyenne pour République dominicaine pendant cette période était de 59 index points avec un minimum de 54 index points en 1997 et un maximum de 63 index points en 2017.

  15. T

    Taiwan Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Apr 26, 2024
    + more versions
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    Globalen LLC (2024). Taiwan Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Taiwan/economic_freedom/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Apr 26, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    Taïwan
    Description

    Taiwan: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Taiwan de 1995 à 2024. La valeur moyenne pour Taiwan pendant cette période était de 74 index points avec un minimum de 69 index points en 2007 et un maximum de 81 index points en 2023.

  16. C

    Cambodge Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Oct 13, 2022
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    Globalen LLC (2022). Cambodge Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Cambodia/economic_freedom/
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    xml, csv, excelAvailable download formats
    Dataset updated
    Oct 13, 2022
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1997 - Dec 31, 2024
    Area covered
    Cambodge
    Description

    Cambodge: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Cambodge de 1997 à 2024. La valeur moyenne pour Cambodge pendant cette période était de 58 index points avec un minimum de 53 index points en 1997 et un maximum de 64 index points en 2003.

  17. É

    Égypte, République arabe d’ Economic freedom, overall index - données,...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Jun 8, 2024
    + more versions
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    Globalen LLC (2024). Égypte, République arabe d’ Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Egypt/economic_freedom/
    Explore at:
    excel, csv, xmlAvailable download formats
    Dataset updated
    Jun 8, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    Égypte
    Description

    Égypte, République arabe d’: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Égypte, République arabe d’ de 1995 à 2024. La valeur moyenne pour Égypte, République arabe d’ pendant cette période était de 54 index points avec un minimum de 46 index points en 1995 et un maximum de 59 index points en 2008.

  18. R

    République démocratique populaire lao Economic freedom, overall index -...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Jun 25, 2024
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    République démocratique populaire lao Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Laos/economic_freedom/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Jun 25, 2024
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1996 - Dec 31, 2024
    Area covered
    République démocratique populaire lao
    Description

    République démocratique populaire lao: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la République démocratique populaire lao de 1996 à 2024. La valeur moyenne pour République démocratique populaire lao pendant cette période était de 47 index points avec un minimum de 34 index points en 2001 et un maximum de 57 index points en 2019.

  19. S

    Seychelles Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Oct 13, 2022
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    Globalen LLC (2022). Seychelles Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Seychelles/economic_freedom/
    Explore at:
    excel, xml, csvAvailable download formats
    Dataset updated
    Oct 13, 2022
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 2009 - Dec 31, 2024
    Area covered
    Seychelles
    Description

    Seychelles: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Seychelles de 2009 à 2024. La valeur moyenne pour Seychelles pendant cette période était de 58 index points avec un minimum de 48 index points en 2009 et un maximum de 66 index points en 2021.

  20. S

    Sierra Leone Economic freedom, overall index - données, graphique |...

    • fr.theglobaleconomy.com
    csv, excel, xml
    Updated Oct 13, 2022
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    Globalen LLC (2022). Sierra Leone Economic freedom, overall index - données, graphique | TheGlobalEconomy.com [Dataset]. fr.theglobaleconomy.com/Sierra-Leone/economic_freedom/
    Explore at:
    csv, xml, excelAvailable download formats
    Dataset updated
    Oct 13, 2022
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1995 - Dec 31, 2024
    Area covered
    Sierra Leone
    Description

    Sierra Leone: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Sierra Leone de 1995 à 2024. La valeur moyenne pour Sierra Leone pendant cette période était de 48 index points avec un minimum de 42 index points en 2003 et un maximum de 53 index points en 2017.

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Statista (2024). 2024 Index of Economic Freedom [Dataset]. https://www.statista.com/statistics/256965/worldwide-index-of-economic-freedom/
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2024 Index of Economic Freedom

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40 scholarly articles cite this dataset (View in Google Scholar)
Dataset updated
Aug 19, 2024
Dataset authored and provided by
Statistahttp://statista.com/
Area covered
Worldwide
Description

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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