Macedonia climbs nine spots in economic freedom ranking.

By bne IntelliNews September 21, 2011
Macedonia has improved nine spots to 64th position in a global economic freedom ranking prepared by Fraser Institute, Canada's leading public policy think-tank. The value of the country's economic freedom index has improved to 6.88, up from 6.84 in the last year's report. The index has values in the range 0-10. The latest report is based on 2009 data and covers 141 countries. The index measures the degree of economic freedom in five broad areas: size of government; legal structure and security of property rights; access to sound money; freedom to trade internationally; and regulation of credit, labour, and business. Across those areas, Macedonia was ranked best in terms of regulation (17th) and worst in terms of legal system and property rights (90th). Within the region, Macedonia is ranked behind Bulgaria (28th), Albania (30th) and Montenegro (37th), but ahead of Slovenia (74th), Croatia (89th), Serbia (91st), and Bosnia and Herzegovina (100th).
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