14 Countries With Best Economic Freedom

Bangalore: The 13th annual Index of Economic Freedom was recently released by The Heritage Foundation and the Wall Street Journal. The list categorizes the factors that encompass economic freedom and analyzes the communication of freedom with wealth. The index judged 157 countries based on specific factors of economic freedom like Rule of law, limited government, regulatory efficiency and open markets. With a total score of 55.2, India is ranked 119th for its economic freedom, whereas Pakistan stands at 121. Here are top countries which are the free economic countries in the world. Keep an eye for where US and UK stands -

1. Hong Kong
Economic Freedom score: 89.3

For the 10th consecutive year Hong Kong tops the list with a score of 89.3 though to due to amplified government spending relative to GDP and an increase in inflation lowered its total score by 0.6 points compared to last year. Out of the Asia pacific region, Hong Kong is ranked 1st amongst 41 countries.

2. Singapore
Economic Freedom score: 88.0

With a total score of 88.0, Singapore ranks 2nd in the 13th annual Index of Economic Freedom list. Nearly all commercial operations are executed with clearness and pace, and private enterprise has rumbled. Singapore’s directness to global trade and investment has made easy the materialization of a more competitive financial sector and continues to offer real incentive and ensure economic dynamism.

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