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Macedonia 31st According to the Heritage Foundation Index of Economic Freedom

17.02.2017

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The Heritage Foundation ranked Macedonia 31st in the World in its economic freedom index, putting it in the category of mostly free countries for the first time since rankings began.

In the previous report, Macedonia was ranked 47th, and was still among the “moderately free countries”. Macedonia got 70.7 points, which reflect the economic freedom in four chief categories – rule of law, government size, regulatory efficiency, and open markets.

Macedonia received 67 points for its respect of property rights, 52 points for government integrity, and 61.4 points for judicial efficiency.

As for neighboring countries, Kosovo and Bulgaria placed best, at 46th and 47th in the world. Albania ranked 65th, Serbia 99th, and Greece at  127th place further  down on the list. The report is notable for ranking the United States 17th in the world, the first time this country was not among the top 15.

The highest ranking  countries in the world are Hong Kong, Singapore, New Zealand, Switzerland, and Australia, while North Korea, Venezuela, and Cuba are among the last.