Czechia ranks 17th in global index of economic freedom

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The Czech Republic ranked 17th on the Index of World Economic Freedom released by the Fraser Institute on Sunday.

The index compares data from 165 countries, assessing a number of indicators, including the size of the public sector, the quality of legislation, foreign trade and overall regulation. Monetary issues and inflation are also taken into consideration.

The published ranking of the Economic Freedom of the World Index is based on 2020 data.

Globally, Hong Kong retained its top position in the index, according to the 2022 World Economic Freedom Report. .

Among other major countries, Japan is ranked 12th, Canada 14th, Germany 25th, France 54th, India 89th, Russia 94th and China 116th.

The 10 lowest rated countries are DR Congo, Algeria, Republic of Congo, Iran, Libya, Argentina, Syria, Zimbabwe, Sudan and Venezuela.

About the Fraser Institute

The Fraser Institute is an independent Canadian public policy research and education organization with offices in Vancouver, Calgary, Toronto and Montreal and links to a global network of think tanks in 87 countries.

Its mission is to improve the quality of life of Canadians, their families and future generations by studying, measuring and widely communicating the effects of government policies, entrepreneurship and choices on their well-being. To protect the independence of the Institute, it does not accept government grants or research contracts.

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