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Economic Freedom of the World

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12 • <strong>Economic</strong> <strong>Freedom</strong> <strong>of</strong> <strong>the</strong> <strong>World</strong>: 2016 Annual Report<br />

Exhibit 1.3 (continued): Area <strong>Economic</strong> <strong>Freedom</strong> Ratings (Rankings) for 2014<br />

1<br />

Size <strong>of</strong><br />

Government<br />

2<br />

Legal System<br />

and Property<br />

Rights<br />

Areas Components <strong>of</strong> Area 5<br />

3<br />

Sound<br />

Money<br />

4<br />

<strong>Freedom</strong><br />

to trade<br />

internationally<br />

5<br />

Regulation<br />

5A<br />

Credit market<br />

regulations<br />

5B<br />

Labor market<br />

regulations<br />

5C<br />

Business<br />

regulations<br />

Rating (Rank) Rating (Rank) Rating (Rank) Rating (Rank) Rating (Rank)<br />

Rating (Rank) Rating (Rank) Rating (Rank)<br />

Iceland 5.2 (131) 8.3 (6) 7.0 (120) 7.0 (85) 7.8 (30) 8.3 (93) 7.8 (25) 7.2 (22)<br />

India 8.5 (8) 5.2 (86) 6.9 (130) 5.6 (144) 6.3 (132) 6.5 (139) 6.0 (99) 6.4 (73)<br />

Indonesia 7.7 (31) 4.7 (110) 9.3 (49) 7.1 (79) 6.3 (133) 8.1 (102) 4.6 (142) 6.2 (106)<br />

Iran 5.4 (125) 5.6 (73) 7.0 (119) 3.0 (159) 5.3 (152) 4.9 (154) 4.8 (139) 6.3 (86)<br />

Ireland 5.7 (110) 8.0 (14) 9.6 (18) 8.7 (3) 7.7 (36) 8.8 (74) 7.3 (54) 7.2 (23)<br />

Israel 6.4 (83) 5.9 (60) 9.5 (31) 8.0 (35) 7.1 (79) 10.0 (1) 5.3 (125) 6.1 (115)<br />

Italy 5.1 (133) 5.7 (70) 9.8 (5) 8.1 (30) 7.1 (77) 9.4 (37) 6.6 (78) 5.4 (148)<br />

Jamaica 7.7 (33) 5.0 (89) 8.4 (88) 7.0 (83) 7.9 (27) 9.6 (27) 7.9 (20) 6.1 (107)<br />

Japan 4.7 (141) 7.8 (18) 9.5 (29) 7.7 (56) 7.3 (64) 7.9 (115) 8.0 (17) 6.2 (105)<br />

Jordan 8.0 (17) 6.1 (54) 9.5 (32) 8.0 (38) 7.5 (52) 7.7 (122) 7.8 (30) 7.1 (25)<br />

Kazakhstan 7.5 (42) 6.3 (48) 9.0 (67) 6.0 (128) 7.9 (22) 9.3 (42) 7.7 (34) 6.8 (43)<br />

Kenya 7.8 (26) 4.9 (96) 9.0 (64) 6.5 (112) 7.4 (63) 8.0 (109) 7.8 (28) 6.3 (82)<br />

Korea, South 6.4 (77) 6.5 (41) 9.6 (26) 7.6 (57) 6.9 (91) 9.3 (42) 4.8 (136) 6.6 (57)<br />

Kuwait 6.2 (88) 6.6 (38) 8.3 (90) 6.9 (89) 7.7 (41) 10.0 (1) 6.8 (70) 6.3 (87)<br />

Kyrgyz Republic 7.9 (20) 4.7 (111) 8.7 (80) 7.4 (72) 7.1 (78) 8.7 (82) 6.1 (96) 6.6 (49)<br />

Laos 8.5 (9) 5.9 (64) 6.5 (142) 6.8 (92) 6.6 (115) 8.4 (91) 4.9 (135) 6.5 (67)<br />

Latvia 5.9 (107) 6.6 (35) 9.3 (46) 8.3 (18) 7.8 (33) 9.1 (63) 7.7 (40) 6.5 (62)<br />

Lebanon 8.4 (10) 4.4 (121) 9.7 (11) 6.6 (108) 6.2 (137) 5.0 (151) 7.6 (41) 5.9 (129)<br />

Lesotho 5.2 (129) 5.8 (66) 8.0 (101) 6.5 (111) 7.8 (31) 9.7 (18) 6.8 (69) 6.8 (40)<br />

Liberia 8.2 (13) 4.7 (113) 9.2 (55) 5.6 (143) 8.5 (6) 9.5 (32) 7.7 (36) 8.2 (4)<br />

Libya 3.2 (159) 3.6 (145) 6.0 (151) 4.7 (150) 5.5 (151) 6.7 (137) 6.3 (91) 3.5 (157)<br />

Lithuania 7.2 (51) 6.4 (44) 9.4 (41) 7.9 (44) 8.1 (13) 9.9 (13) 7.9 (23) 6.6 (55)<br />

Luxembourg 4.5 (145) 8.4 (5) 9.5 (34) 8.4 (11) 7.5 (58) 9.3 (42) 6.0 (98) 7.1 (30)<br />

Macedonia 6.3 (86) 5.7 (72) 8.3 (89) 7.7 (51) 8.1 (14) 9.5 (30) 7.5 (44) 7.3 (17)<br />

Madagascar 8.3 (12) 3.4 (150) 8.0 (97) 6.7 (103) 6.3 (134) 7.7 (121) 4.7 (141) 6.4 (79)<br />

Malawi 5.9 (106) 4.9 (99) 5.8 (155) 5.9 (132) 6.5 (121) 6.5 (140) 6.9 (67) 6.1 (112)<br />

Malaysia 6.6 (67) 7.0 (29) 6.8 (136) 7.6 (62) 8.2 (9) 9.6 (25) 7.8 (31) 7.4 (15)<br />

Mali 5.0 (135) 4.4 (120) 6.9 (127) 7.0 (86) 6.4 (128) 7.9 (111) 5.2 (129) 6.2 (98)<br />

Malta 5.7 (111) 7.0 (28) 9.6 (20) 8.4 (14) 7.9 (25) 9.6 (22) 7.7 (38) 6.4 (75)<br />

Mauritania 3.6 (156) 4.1 (137) 7.0 (123) 6.6 (110) 6.9 (94) 8.4 (90) 6.6 (77) 5.7 (140)<br />

Mauritius 7.6 (36) 6.5 (42) 9.6 (25) 8.5 (6) 7.7 (39) 9.2 (51) 7.2 (59) 6.8 (41)<br />

Mexico 7.8 (29) 4.2 (126) 8.1 (96) 7.5 (67) 6.8 (101) 8.9 (71) 5.4 (123) 6.1 (113)<br />

Ratings are shown rounded to <strong>the</strong> nearest tenth <strong>of</strong> a point, but <strong>the</strong> rankings are based on <strong>the</strong> unrounded ratings.<br />

Fraser Institute ©2016 • www.fraserinstitute.org • www.free<strong>the</strong>world.com

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