Fraser Institute: Lithuania 33-rd World's Freest Economy
Lithuania together with Georgia are among the top-40 world's freest economies, the survey by a Canadian think tank, Fraser Institute, has revealed. In their study, published on September 20, 2010, Lithuania has collected 7.03 points out of ten and ranked 33-rd in the 2010 World Economic Freedom Index. A total of 141 countries has been measured in the list. Georgia scored 7.47 points and was ranked 23-rd.
In 2009,
Hong Kong took the lead in the 2010 survey, followed by
The annual survey Economic Freedom of the World is an indicator produced by the Fraser Institute, which attempts to measure the degree of economic freedom in the selected 141 world's nations.
The index measures the degree to which the policies and institutions of countries are supportive of economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of privately owned property.
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; and (5) regulation of credit, labor and business.
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