Czech Republic Overtake Germany In Economic Freedom Ranking

Prague Morning

Prague Morning

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The Index of Economic Freedom survey ranked the Czech Republic in 24th place among 186 countries after it gained 74.2 points.

The Heritage Foundation is a research and educational institution whose mission it is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom and a strong national defence.

Its overall score has increased by 0.9 point, with improvements in business freedom, fiscal health, and government spending outweighing a decline in government integrity. The Czech Republic is ranked 13th among 44 countries in the Europe region, and its overall score is above the regional and world averages.

The survey divided nations into five major categories: Free (80-100), mostly free (70- 79.9), moderately free (60-69.9), mostly unfree (50-59.9) and repressed (0-49.9).

Hong Kong was ranked the world’s freest economy for the 24th straight year. Rounding out the top five freest economies were New Zealand, Switzerland and Australia, while those at the bottom of the list were Cuba, Venezuela and North Korea.

Full report here 

Author: red


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