Economic Freedom of the World - Ukraine rates 149th

Source : 112 Ukraine

To compare, Ukraine was No.162 of 178 in 2016. Thus our country lost 10 positions
17:19, 29 September 2017

Open source

Ukraine gets into the last twenty of the rating of economic freedom. The Fraser Institute published that in their Economic Freedom of the World: 2017 Annual Report.

Ukraine was rated the 149th in the list of 159. Iran and Angola go neck in neck with Ukraine. To compare, Ukraine was No.162 of 178 in 2016. Thus our country lost 10 positions.

Economic freedom is worse than in Ukraine only in Iran, Chad, Libya, Argentina, Algeria, Kongo, Central African Republic. Venezuela closes the list. Hong Kong tops the list for the nth time, Singapore goes second and New Zealand is the third, followed by Ireland and Switzerland.

Related: 37% of Ukrainian economy in shadow, - Ministry of Economic Development

It is worth mentioning that the rating analyzed the level of economic freedom of former communist countries in a separate table.

Related: Growth or illusion: How to assess Ukraine's economic policy?

According to Chapter 1.7 the free EFW rating in 2015 (this particular year lays the basis of the report) 5 former communist countries are rated among the 20 most free world countries – Georgia, Estonia, Lithuania, Latvia and Romania. Other ex-communists rate worse – Armenia (29), Albania (32), the Czech Republic (42), Mongolia (45 and Bulgaria (48) are among best 50. There next ones rate much worse – Bosnia and Herzegowina, Russia, Moldova, Azerbaijan and Ukraine.

Related: Ukraine’s economy grew by 2,3% in second quarter of 2017, - National Bank

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