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2021-10-02 07:47
Iraq ranks 148th in the world in the Index of Economic Freedom
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2021-10-02 07:47
Shafaq News/ Iraq ranked 148th in the world in the Index of Economic Freedom in the world for the year 2021, which was recently issued by the Canadian "Fraser Institute", with a score of 5.05 points.
The Economic Freedom Index measures the support provided by institutions and policies in 165 countries to economic freedom, while personal choice and voluntary exchange, freedom of market entry and competition, individual safety, and individual-owned real estate are essential components of economic freedom.
The institute uses 42 elements to build the index that measures economic freedom in 5 main areas, namely, the size of the government, which is meant by spending, taxes, projects, legal structure, guaranteeing property rights, money and prices, which is meant by inflation and the growth of funds that have the same purchasing power relatively over time, and freedom of trade. At the international level, legislation related to credit facilities, the labor market, and business activities.
The institute said in a report for the year 2021, which was reviewed by Shafak News Agency, that "according to the sub-indicators, Iraq scored 5.05 points in the size of the government, ranking 156th globally, while in the legal system and property rights, it scored 3.18 points, ranking 151 in this field."
Iraq ranked 117th globally in the money and prices index with 7.71 points, and in the field of freedom of trade at the international level, it scored 5.98 points, ranking 135th globally.
According to these indicators, Iraq ranked 148th in the world in the field of economic freedom, outperforming Arab countries such as Egypt, Yemen, Syria, Algeria, Sudan and Libya.
At the Arab level, Jordan came first in the Index of Economic Freedom and ranked 50 globally, followed by Bahrain in 65th place, then the UAE third in 68th globally, Qatar in 80th, then Saudi Arabia at 91st, Lebanon at 95th, Morocco and Oman at 102nd, then Djibouti 105th.
Globally, Hong Kong came first, followed by Singapore, New Zealand, Switzerland, Georgia, the United States, Iceland, Lithuania, Australia and Denmark.
[You must be registered and logged in to see this link.]
The Economic Freedom Index measures the support provided by institutions and policies in 165 countries to economic freedom, while personal choice and voluntary exchange, freedom of market entry and competition, individual safety, and individual-owned real estate are essential components of economic freedom.
The institute uses 42 elements to build the index that measures economic freedom in 5 main areas, namely, the size of the government, which is meant by spending, taxes, projects, legal structure, guaranteeing property rights, money and prices, which is meant by inflation and the growth of funds that have the same purchasing power relatively over time, and freedom of trade. At the international level, legislation related to credit facilities, the labor market, and business activities.
The institute said in a report for the year 2021, which was reviewed by Shafak News Agency, that "according to the sub-indicators, Iraq scored 5.05 points in the size of the government, ranking 156th globally, while in the legal system and property rights, it scored 3.18 points, ranking 151 in this field."
Iraq ranked 117th globally in the money and prices index with 7.71 points, and in the field of freedom of trade at the international level, it scored 5.98 points, ranking 135th globally.
According to these indicators, Iraq ranked 148th in the world in the field of economic freedom, outperforming Arab countries such as Egypt, Yemen, Syria, Algeria, Sudan and Libya.
At the Arab level, Jordan came first in the Index of Economic Freedom and ranked 50 globally, followed by Bahrain in 65th place, then the UAE third in 68th globally, Qatar in 80th, then Saudi Arabia at 91st, Lebanon at 95th, Morocco and Oman at 102nd, then Djibouti 105th.
Globally, Hong Kong came first, followed by Singapore, New Zealand, Switzerland, Georgia, the United States, Iceland, Lithuania, Australia and Denmark.
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