Economic Freedom – New Zealand 3rd

A report from the Economic Freedom of the World (EFW) measured the degree to which the policies and institutions of countries are supportive of economic freedom. Forty-two data points are used to construct a summary index and to measure the degree of economic freedom in five broad areas:

1 Size of Government: Expenditures, Taxes, and Enterprises;
2 Legal Structure and Security of Property Rights;
3 Access to Sound Money;
4 Freedom to Trade Internationally;
5 Regulation of Credit, Labour, and Business.

The research shows that individuals living in countries with high levels of economic freedom enjoy higher levels of satisfaction, greater individual freedoms, higher GDP per capita and a greater life expectancy. Below are the top and bottom 10 countries in the research (10 = perfect freedom)

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