INDEX COUNTRIES Economic Freedom of the World · 2016-11-09 · Annual Report; World Bank, 2016,...
Transcript of INDEX COUNTRIES Economic Freedom of the World · 2016-11-09 · Annual Report; World Bank, 2016,...
CANADA
GREENLAND
BRAZIL
RUSSIA
KAZAKHSTAN MONGOLIA
CHINA
JAPAN
INDIA
AUSTRALIA
NEWZEALAND
INDONESIA
UNITED STATESOF AMERICA
MEXICO
BELIZE
CUBA
THE BAHAMAS
JAMAICA
HAITI
HONDURAS
VENEZUELA
ECUADOR
BOLIVIA
CHILE
ARGENTINA
PARAGUAY
URUGUAY
GUYANA
TRINIDAD AND TOBAGO
BARBADOS
DOMINICAN REPUBLIC
ICELAND
NORWAY
UNITEDKINGDOM
GERMANY
POLAND
BELARUS
UKRAINE
MOLDOVA
CZECHREPUBLIC
SWITZERLAND
AUSTRIA
SLOVENIA
HUNGARY
CROATIA
SLOVAKIA
ESTONIA
LATVIA
LITHUANIA
LICHTENSTEIN
LUXEMBOURGBELGIUM
NETHERLANDS
FRANCE
SPAINPORTUGAL
WESTERNSHARAH
CAPE VERDE
ITALY
ROMANIA
SERBIA
KOSOVO
BOSNIA ANDHERZEGOVINA
MALTA
TUNISIACYPRUS
ISRAEL
SENEGAL
BURKINAFASO
COTED’IVOIRE
GHANA
LESOTHO
SWAZILAND
TOGO
EQUATORIALGUINEA
BENINDJIBOUTI
U.A.E
TAJIKISTAN
KYRGYZSTAN
RWANDA
MALAWI
BURUNDI
NEPALBHUTAN
BANGLADESH
MYANMAR
THAILAND
LAOS
CAMBODIA
SRI LANKA
VIETNAM
HONGKONG
MALASIA
SINGAPORE
TIMOR-LESTE
SOLOMON ISLANDS
FIJIVANUATU
PAPUANEW
GUINEA
PHILIPPINES
NORTHKOREA
SOUTHKOREA
TAIWAN
GUAM
LIBERIA
SIERRA LEONE
GUINEAGUINEA-BISAU
THE GAMBIA
QATAR
KUWAIT
LEBANON
JORDAN
GREECE
BULGARIAARMENIA
AZERBAIJAN
GEORGIAALBANIA
MONTENEGRO
TURKEY
SYRIA
IRAQ IRAN
EGYPT
LIBYAALGERIA
MOROCCO
MALIMAUTANIA
NIGER
NIGERIA
CHAD
CENTRAL AFRICANREBUBLIC
CAMEROON
GABON
CONGO
OMAN
YEMEN
ETHIOPIA
DEMOCRATICREPUBLIC
OF THE CONGO
SOUTHAFRICA
ANGOLA
ZAMBIA
TANZANIA
UGANDA
KENYA
SOMALIA
NAMIBIA
BOTSWANA
ZIMBABWE MOZAMBIQUE
MADAGASCAR
MAURITIUS
SEYCHELLES
ERITREASUDAN
SOUTHSUDAN
TURKMENISTAN
UZBEKISTAN
AFGHANISTAN
PAKISTAN
KASHMIR
SAUDIARABIA
IRELAND
SWEDEN
FINLAND
SURINAME
COLOMBIA
PERU
NICARAGUA
COSTA RICA
PANAMA
GUATEMALA
EL SALVADOR
FRENCH GUYANA
MACEDONIA
The Fraser Institute acknowledges
the valuable support of the Charles
Koch Foundation and the Searle
Freedom Trust.
Economic freedom means that people are free to trade with others, compete in markets, buy what they want, earn a living in a job they choose. The key ingredients of economic freedom are personal choice, voluntary exchange, freedom to compete, and protection of persons and property. This index provides a comprehensive and objective measure of economic freedom.
Economic Freedom of the World
MO
ST
FR
EE
SE
CO
ND
TH
IRD
LE
AS
T F
RE
E
www.freetheworld.com
9.03 Hong Kong8.71 Singapore8.35 New Zealand8.25 Switzerland7.98 Canada7.98 Georgia7.98 Ireland7.98 Mauritius7.98 United Arab Emirates7.93 Australia7.93 United Kingdom7.91 Qatar7.83 Chile7.82 Jordan7.81 Lithuania7.75 United States7.74 Malta7.71 Armenia7.70 Estonia7.68 Finland7.67 Denmark7.66 Romania7.65 Luxembourg7.65 Taiwan7.63 Netherlands7.60 Bahrain7.57 Latvia7.56 Austria7.56 Costa Rica7.55 Germany7.53 Czech Republic7.51 Belgium7.51 Norway7.50 Guatemala7.49 Portugal7.48 Seychelles7.47 Panama7.46 Sweden7.45 Slovak Republic
7.42 Japan7.42 Poland7.40 Albania7.40 El Salvador7.40 Korea, South7.39 Bulgaria7.39 Israel7.39 Mongolia7.39 Nicaragua7.38 Bahamas7.38 Rwanda7.38 Spain7.35 Kazakhstan7.35 Peru7.34 Uganda7.32 Cyprus7.32 Dominican Republic7.30 France7.30 Hungary7.27 Botswana7.27 Montenegro7.27 Oman7.25 Brunei Darussalam7.25 Malaysia7.24 Honduras7.22 Liberia7.22 Macedonia7.21 Jamaica7.20 Cambodia7.17 Italy7.16 Kyrgyz Republic7.14 Kenya7.14 Kuwait7.11 Gambia, The7.08 Uruguay7.07 Bhutan7.06 Iceland7.06 Lebanon7.04 Zambia7.02 Indonesia
7.01 Philippines7.00 Croatia6.99 Fiji6.99 Haiti6.97 Tajikistan6.95 Saudi Arabia6.93 Greece6.89 Cape Verde6.88 Mexico6.88 Paraguay6.86 Turkey6.85 Bosnia and Herzegovina6.85 Laos6.84 Tanzania6.80 Namibia6.77 Swaziland6.77 Trinidad and Tobago6.73 Slovenia6.73 Suriname6.72 Moldova6.70 Papua New Guinea6.68 Serbia6.66 Lesotho6.66 Russia6.65 Barbados6.64 South Africa6.56 Thailand6.55 Azerbaijan6.54 Madagascar6.54 Nepal6.54 Tunisia6.52 Sri Lanka6.50 India6.45 China6.45 Nigeria6.44 Yemen, Republic6.43 Colombia6.43 Vietnam
6.42 Morocco6.42 Senegal6.41 Ghana6.35 Bangladesh6.34 Belize6.34 Bolivia6.27 Brazil6.25 Cameroon6.22 Benin6.14 Timor-Leste6.08 Guinea-Bissau6.05 Burundi6.05 Egypt6.05 Niger6.02 Burkina Faso6.01 Côte d’Ivoire6.01 Pakistan6.00 Ukraine5.98 Guyana5.97 Mali5.92 Sierra Leone5.89 Togo5.81 Mozambique5.79 Malawi5.76 Ecuador5.71 Gabon5.63 Mauritania5.60 Ethiopia5.59 Syria5.49 Congo, Democratic Republic5.39 Myanmar5.28 Zimbabwe5.27 Iran5.15 Algeria5.12 Chad5.10 Guinea5.08 Angola5.01 Central African Republic4.81 Argentina4.80 Congo, Republic of4.58 Libya3.29 Venezuela
Economic Freedom and Income per Capita
Countries with no economic freedom have substantially higher per-capita incomes.
Note: GDP per capita, (PPP constant
2011 US$), 2014
Sources: Gwartney, Lawson and Hall, 2015,
Economic Freedom of the World: 2015
Annual Report; World Bank, 2016, World
Development Indicators.
GD
P p
er
cap
ita, 20
14
Least Free
ECONOMIC FREEDOM QUARTILE
Third Second Most Free
$5,471$9,217
$20,873
$41,228
45,000
36,000
27,000
18,000
9,000
0
Economic Freedom and Economic Growth
Countries with more economic freedom tend to grow more rapidly.
Note: The growth data were adjusted to
control for the initial level of income.
Sources: Gwartney, Lawson and Hall, 2015,
Economic Freedom of the World: 2015
Annual Report; World Bank, 2016, World
Development Indicators.
Least Free
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
0.0
ECONOMIC FREEDOM QUARTILE
Gro
wth
rate
(%
) o
f G
DP,
per
cap
ita, 19
90
-20
14
Third Second Most Free
1.52%
2.86% 2.89%
3.63%
INDEX(OUT OF 10)
COUNTRIES
Economic Freedom and the Income Earned by the Poorest 10%
The amount of income, as opposed to the share, earned by the poorest 10% of the population is much higher in countries with higher economic freedom.
Sources: Gwartney, Lawson and Hall, 2015,
Economic Freedom of the World: 2015
Annual Report; World Bank, 2016, World
Development Indicators.Least Free
ECONOMIC FREEDOM QUARTILE
An
nu
al in
co
me p
er
cap
ita
of
po
ore
st 1
0%
, 20
14
Third Second Most Free
$2,118
$4,504
$11,283
12,000
10,000
8,000
6,000
4,000
2,000
0
$1,080