Friday, January 11, 2008

Economic Freedom of the World

The Economic Freedom of the World Index measures the degree of economic freedom in the following five components and averages them out:
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, Labor, and Business.

See Chapter 1 of the 2007 Annual Report for more detail.

Data is available here.

The sample years include 1970, 1975, 1980, 1985, 1990, 1995, and annually since 1997.

Also see this entry.

No comments: