CR ranks 26th by global economic freedom index

Vlajka České republiky - ilustrační foto.

published: 15.01.2014, 15:14 | updated: 15.01.2014 15:16:31

New York - The Czech Republic´s economic freedom score is 72.2 points, 1.3 points better than last year, and the country moved three places to the 26th position, its best ever position in the global Index of Economic Freedom of Heritage Foundation and The Wall Street Journal (WSJ).

In the 2014 index, its economy is the 26th freest.

In the past year, the Czech Republic reported improvements in a half out of ten monitored areas, for instance, corruption, government spending and business freedom, and was one of a few states whose scores improved the most.

Out of 43 countries in Europe, the Czech Republic occupies the 15th position and is ranked 11th out of 28 members of the European Union.

Over the 20-year history of the index, the Czech Republic has steadily enhanced its economic freedom to advance to the ranks of "mostly free" economies achieving scores above 70.

The index covers 10 freedoms - from property rights to entrepreneurship - in 186 countries.

Top ten countries and some selected countries by global Index of Economic Freedom (0 to 100 points):

rankingscountryindexchange
1Hong Kong90.1+0.8
2Singapore89.4+1.4
3Australia82.0-0.6
4Switzerland81.6+0.6
5New Zealand812-0.2
6Canada80.2+0.8
7Chile78.7-0.3
8Mauritius76.5-0.4
9Ireland76.2+0.5
10Denmark76.10.0
11Estonia75.9+0.6
12USA75.5-0.5
26Czech Republic72.2+1.3
50Poland67.0+1.0
57Slovakia66.4-2.3
119Greece55.7+0.3
175Venezuela36.3+0.2
177Cuba28.7+0.2
178North Korea1.0-0.5

Source: Heritage Foundation

Author:
www.ctk.cz

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