The 2015 Index of Economic Freedom published by The Wall Street Journal and The Heritage Foundation evaluates 186 countries in four broad policy areas that affect economic freedom: rule of law; limited government; regulatory efficiency; and open markets. There are 10 specific categories: property rights, freedom from corruption, fiscal freedom, government spending, business freedom, labour freedom, monetary freedom, trade freedom, investment freedom, and financial freedom. Scores in these categories are averaged to create an overall score out of 100.
Hong Kong, Singapore, New Zealand, Australia, Switzerland, Canada, Chile, Estonia, Ireland and Mauritius are the top 10 freest economies.
Over the 21-year history of the Index, Bahrain has been consistently rated one of the “mostly free” economies achieving economic freedom scores above 70.
Bahrain is currently the 18th freest economy in the world. Achieving an overall score of 73.4 in the 2015 index, Bahrain’s economic score is well above the world average. It’s overall above 70 score has placed it, once again, in the ‘mostly free’ category’. This is due to having achieved high scores in the fiscal freedom, labour freedom and financial freedom factors.
Bahrain continues to be the freest economy in the MENA region and its economic freedom score is well above the world average.
Bahrain’s performance, in comparison to GCC countries, in the 2015 Index of Economic Freedom:
|GCC 2015 Rank
||Global 2015 Rank|
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