Contact Us - 9792276999 | 9838932888
Timing : 12:00 Noon to 20:00 PM (Mon to Fri)
Email -

Post at: Jun 23 2022

Index of Economic Freedom

Recent Context
=    In March 2022, the Heritage foundation has published the 28th edition of the’ Index of Economic Freedom 2022’.
=    The Index covers 12 categories of econimic freedoms – from property rights to financial freedom – in 177 countries.
What is Economic Freedom?
=    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.
=    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 Index of Economic Freedom focuses on four key aspects of the economic and entrepreneurial environment over which governments typically exercise policy control :-
    • Rule of law (property rights, government integrity, judicial effectiveness)
    • Government size (government spending, tax burden, fiscal health)
    • Regulatory efficiency (business freedom, labor freedom, monetary freedom)
    • Market openness (trade freedom, investment freedom, financial freedom) 

Key Findings

  • The global average economic freedom score is now 60—a loss of 1.6 points from the previous year’s 61.6.
  • The global average trade-freedom score has declined from 70.9 to 69.5.
  • The standard of living, measured by incomes per capita, is much higher in economically freer countries. 

Ranking The World By Economic Freedom

About Heritage Foundation

  • The Heritage Foundation is an American conservative think tank based in Washington, D.C., primarily geared towards public policy. 
  • Heritage’s mission is to formulate and promote public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.


List view
Grid view

Current News List