Economic freedom report places Romania 48th among 141 countries
The authors of the ranking took into account the size of Government: expenditures, taxes, and enterprises, legal structure and security of property rights, the access to sound money, the freedom to trade internationally and the regulation of credit, labor, and business.
In this year’s index, Hong Kong retains the highest rating for economic freedom, 9.01 out of 10. The other nations among the top 10 are: Singapore (8.68); New Zealand (8.20); Switzerland (8.03); Australia (7.98); Canada, (7.81); Chile (7.77); United Kingdom (7.71); Mauritius (7.67); and the United States (7.60).
The world’s largest economy, the United States, has suffered one of the largest declines in economic freedom over the last 10 years, pushing it into tenth place. Much of this decline is a result of higher government spending and borrowing and lower scores for the legal structure and property rights components.
You can read the full report here.
editor@romania-insider.com
(photo source: Sxc.hu)