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Overall Economic Freedom
Measured on a scale of 0 to 100, this number represents economic freedom, with 0 as the lowest score, 100 as the highest. The numeric value is determined by grades in ten categories, which are averaged together for the overall score.
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The Index of Economic Freedom. From the Heritage Foundation.

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Data in the Index of Economic Freedom
The Heritage Foundation
The Heritage Foundation was founded in 1973 as an educational and research driven institution dedicated to promote healthy, conservative public economic policies. Striving for limited government, individual freedom, a strong national defense, and free enterprise, the Heritage Foundation is a think tank for influential policy makers worldwide.

The Index of Economic Freedom
Heritage's staff performs research on key policy issues, and first published The Index of Economic Freedom in 1995. Focusing on Adam Smith's theories of economic success through ten benchmarks of the most important aspects of economic freedom, it covers 184 total countries, and provides insight into the economic climate of a country in a given year.

Trade Freedom

The trade freedom score reflects tariff and non-tariff barriers with a measurement of the trade-weighted average tariff rate and Non-tariff barriers (NTBs).
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Property Rights Score

The property rights score reflects the degree to which a country’s laws protect private property rights and the degree to which its government enforces those laws.
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Overall Freedom

Measured on a scale of 0 to 100, this number represents economic freedom, with 0 as the lowest score, 100 as the highest. The numeric value is determined by grades in ten categories, which are averaged together for the overall score.
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Monetary Freedom

The monetary freedom score reflects price stability and price controls
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Labor Freedom

The labor freedom score reflects the legal and regulatory framework of a country's labor market, including minimum wage, layoff laws, severance requirements, and more.
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Investment Freedom

The investment freedom score reflects the constraints on the flow of investment capital.
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Government Spending Score

The government spending score reflects the level of government expenditures as a percentage of GDP.
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Financial Freedom

The financial freedom score reflects banking security and independence from government control. The Index rates this aspect by determining the extent of government regulation of financial services; the extent of state intervention in banks and other financial services; the difficulty of opening and operating financial services firms (for both domestic and foreign individuals); and government influence on the allocation of credit.
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Freedom From Corruption

The CPI is based on a 10-point scale in which a score of 10 implies very little corruption and a score of 0 implies a very corrupt government. In measuring freedom from corruption, the Index converts the raw CPI data to a scale of 0 to 100 by multiplying the CPI score by 10. For example, if a country's raw CPI data score is 5.5, its overall freedom from corruption score is 55.
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Fiscal Freedom

The fiscal freedom score reflects the tax burden imposed by government. It incorporates both the tax rates on individual and corporate incomes and the overall amount of tax revenue as a percentage of GDP. Therefore, the fiscal freedom component is composed of three inclusive aspects: The max tax rate on individual earnings, The top tax rate on corporate earnings, and total tax revenue as a percentage of GDP.
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Business Freedom

Business freedom is a quantitative measure of the ability to begin, manage, and close a business that reflects the overall impact of regulation as well as the efficiency of government in the regulatory process. The business freedom score falls between 0 and 100, with 0 as the least free business environment, 100 the most. The score is generated from 10 factors, all weighted equally, using data from the World Bank’s Doing Business study.
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