Data cited at: Heritage Foundation
Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.
Economic Freedom Scores: Range and level of freedom
70–79.9:- Mostly Free
60–69.9:- Moderately Free
50–59.9:- Mostly Unfree
The 2018 International Property Rights Index, now in its twelve edition, offers a unique and original perspective on the correlations between the societies and economies of 125 countries accounting for 98% of world GDP, and 93% of the world’s population. The Index, during all these years, confirm that there is a direct correlation between property rights and different dimensions of economic development.
Note: Only parent indicators present in 2018 report. Other indicators are collected from historical reports.