2011 Economic Freedom of the World Report



Fraser Institute which is based in Canada recently releases “2011 Economic Freedom of the World Annual Report “. The ranking is based on 5 areas to measure the economic freedom for each country.

The areas are Size of Government (Expenditures, Taxes, and Enterprises), Legal Structure and Security of Property Rights, Access to Sound Money, Freedom to Trade Internationally and Regulation of Credit, Labor, and Business.

In 2011, Malaysia drop to 78th from 77th in 2010. The drop mainly contributed by big government’s involvement in the economy (GLCs). The ideal is more involvement from private sector. On the other hand, Malaysia score very well in Regulation of Credit, Labor, and Business. The 2011 reports are based on data compiled in 2009.

The table below is the 2011 Economic Freedom ranking.

Rank Country Rating
1 Hong Kong 9.01
2 Singapore 8.68
3 New Zealand 8.20
4 Switzerland 8.03
5 Australia 7.98
6 Canada 7.81
7 Chile 7.77
8 United Kingdom 7.71
9 Mauritius 7.67
10 United States 7.60
11 Finland 7.59
11 Bahrain 7.59
13 Slovak Republic 7.56
14 United Arab Emirates 7.54
15 Hungary 7.52
15 Estonia 7.52
15 Denmark 7.52
18 Cyprus 7.51
19 Austria 7.50
20 Luxembourg 7.49
21 Germany 7.45
22 Japan 7.44
23 Panama 7.41
24 Lithuania 7.40
25 Ireland 7.38
26 Taiwan 7.37
27 Georgia 7.36
28 Oman 7.34
28 Bulgaria 7.34
30 Netherlands 7.32
30 Korea, South 7.32
30 Albania 7.32
33 Peru 7.31
33 Malta 7.31
35 Norway 7.30
36 Mongolia 7.29
37 Montenegro 7.27
38 Zambia 7.26
39 Sweden 7.24
40 Bahamas 7.22
41 Costa Rica 7.17
42 France 7.16
43 El Salvador 7.15
43 Belgium 7.15
43 Armenia 7.15
46 Czech Republic 7.13
47 Kuwait 7.10
48 Romania 7.08
49 Jamaica 7.07
49 Guatemala 7.07
51 Honduras 7.06
52 Uganda 7.01
53 Poland 7.00
54 Trinidad & Tobago 6.99
54 Spain 6.99
56 Kenya 6.97
56 Kazakhstan 6.97
58 Belize 6.95
59 Portugal 6.93
60 Latvia 6.92
61 Papua New Guinea 6.91
62 Uruguay 6.90
62 Jordan 6.90
64 Macedonia 6.88
65 Thailand 6.87
66 Namibia 6.86
67 Haiti 6.84
68 Botswana 6.83
69 Nicaragua 6.82
70 Iceland 6.81
70 Ghana 6.81
70 Kyrgyz Republic 6.81
70 Italy 6.81
74 Slovenia 6.78
75 Turkey 6.74
75 Mexico 6.74
77 Fiji 6.71
78 Malaysia 6.68
78 Dominican Republic 6.68
80 Paraguay 6.57
81 Russia 6.55
81 Greece 6.55
83 Israel 6.53
84 Indonesia 6.50
84 Barbados 6.50
84 Azerbaijan 6.50
87 South Africa 6.49
88 Vietnam 6.48
89 Philippines 6.46
89 Croatia 6.46
91 Serbia 6.44
92 China 6.43
93 Egypt 6.42
94 Tunisia 6.40
94 India 6.40
96 Rwanda 6.29
96 Moldova 6.29
96 Madagascar 6.29
99 Bolivia 6.27
100 Bosnia & Herzegovina 6.23
101 Colombia 6.21
102 Brazil 6.19
103 Malawi 6.17
103 Bangladesh 6.17
105 Morocco 6.16
105 Iran 6.16
107 Sri Lanka 6.12
107 Nigeria 6.12
109 Lesotho 6.11
110 Guyana 6.10
111 Mauritania 6.05
112 Tanzania 6.04
112 Ecuador 6.04
114 Pakistan 6.03
115 Cameroon 5.98
115 Mali 5.97
117 Benin 5.96
118 Burkina Faso 5.94
119 Argentina 5.90
120 Côte d’Ivoire 5.86
121 Syria 5.83
122 Gabon 5.82
123 Togo 5.74
124 Senegal 5.73
125 Ukraine 5.70
126 Ethiopia 5.62
128 Mozambique 5.62
129 Nepal 5.53
130 Niger 5.50
131 Algeria 5.44
132 Chad 5.36
133 Burundi 5.32
134 Congo, Republic 5.12
135 Guinea-Bissau 5.04
136 Central African Republic 5.03
136 Sierra Leone 4.88
137 Congo, Dem. Rep. 4.84
138 Angola 4.76
139 Venezuela 4.28
140 Myanmar 4.16
141 Zimbabwe 4.08

Full report can be download at IDEAS webpage.


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