Economic Freedom Report 2024

Current Context : Recently, 2024 Economic Freedom of the World Report is released.

About Report :

• Publisher: Released by the Fraser Institute and co-published with the Cato Institute.
• Ranking Basis: Assesses 165 countries on how policies and institutions enable economic choices and freedoms using 2022 data.​
• Indicators : Measures economic freedom across five key areas:

1. Size of Government : Evaluates the impact of government spending and tax policies.
2. Legal System and Property Rights : Considers impartiality of the courts, protection of property rights, and legal integrity.
3. Sound Money : Focuses on the stability of currency and inflation rates.
4. Freedom to Trade Internationally : Assesses tariffs, trade barriers, and ease of trade.
5. Regulation : Looks at regulations in credit, labor, and business​

• Top Rankings : Hong Kong (1^st), Singapore (2^nd), Switzerland (3^rd), followed by New Zealand and the United States
• Last Ranking : Venezuela (165^th)
• India’s Performance : Ranked 84^th, reflecting moderate levels of economic freedom.​