Croatias economic freedom ranking worsens.

By bne IntelliNews September 19, 2012
Croatias economic freedom ranking worsened to 84 place among 144 countries from 79 place a year earlier, according to the newly-issued Economic Freedom of the World 2012 annual report published by Canadas Fraser Institute. The report uses data for 2010. The economic freedom of the world index measures the degree of economic freedom in the following areas - size of the government, system and security of property rights, sound money, freedom to trade internationally and regulation. In the latest issue of the ranking, Croatia collected a score of 7.76 points, down by 0.02 points on the year. Croatia improved in the area of freedom to trade internationally (scoring 7.71 vs. 7.61 a year earlier) and remained unchanged in the size of the government area with a score of 4.96. Meanwhile, it worsened in system and security of property rights (scoring 5.76 vs. 5.78 a year earlier), sound money (scoring 8.42 vs. 8.49 last year) and regulation (6.95 vs. 7.04). Best performing was Hong Kong with a score of 8.90 out of 10, followed by Singapore (8.69) and New Zealand (8.36), while the worst performing were Zimbabwe (4.35), Myanmar (4.29) and Venezuela (4.07).

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