Bulgaria 49th out of 151 Countries in World Economic Freedom Ranking

Bulgaria ranks 49th out of 151 countries included in the Economic Freedom of the World: 2013 Annual Report of the Canadian Fraser Institute.

The report was published in Bulgaria by the Institute for Market Economics.

The report presents the situation in 2011 – the last year for which official data is available for all countries, according to the Bulgaria Telegraph Agency.

Hong Kong is estimated as the the world's most economically free country, with a score of 8.97 out of 10, followed by Singapore (8.73), New Zealand (8.49), and Switzerland (8.30).

For yet another year in a row, Venezuela is at the bottom of the economic freedom ranking with a score of 3.93.

Globally, the average economic freedom score climbs to 6.87 out of 10 compared to 6.74 last year.

Bulgaria has a score of 7.26, which is a slight decrease compared to 2010, when the country ranked 47th with a score of 7.30.

In the EU, the score ranges from 7.89 for Finland (7th), to 6.59 for Slovenia (97th). Bulgaria is 22nd among EU Member States.

The United States ranks 17th with a score of 7.73.

According to the report, the citizens of countries characterized by high levels of economic freedom enjoy greater prosperity, more political and civil liberties, and longer life spans.

On average, the poorest 10% of people in the freest nations are more than twice as prosperous as the average population of the countries with the least economic freedom.

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!