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Ukraine ranked 134th in world ranking by economic freedom index - Heritage Foundation

Source : 112 Ukraine

Together with Ukraine, Ghana, Uganda, Côte d'Ivoire, Comoros, Sri Lanka, Egypt, Belize, Cambodia and others fell into category of ‘predominantly free economies’
11:22, 28 March 2020

Heritage Foundation

Of the 186 countries in the ranking of economic freedom, Ukraine was in 134th place, falling into the category of “predominantly non-free” economies. These are data from a study conducted this year by the US Heritage Foundation.

Related: Ukraine closed all borders for entry and exit due to Covid-19 epidemic

When compiling the world ranking of economic freedom, scientists evaluated each country according to such parameters as respect for property rights, the effectiveness of the judicial system, public control over the government, the size of the government apparatus, tax burden, state budget expenditures, the effectiveness of the regulatory system, fiscal ‘health’, freedom entrepreneurship, freedom of work, financial freedom, open markets.

For each of the countries, points were awarded points from 1 to 100. The arithmetic average for each of the 186 states was derived. The more points the state received, the more successful it was considered in terms of economic freedom.

Countries were divided into these categories of economies: free, mostly free, moderately free, mostly not free, suppressed.

Ukraine was included in the penultimate category, having averaged 54.9 points. However, this is 2.6% more than in 2019. Ghana, Uganda, Cote d'Ivoire, Comoros, Sri Lanka, Egypt, Belize, Cambodia and others also fell into this group of economies.

Related: Italy may exit EU due to delay in assistance against coronavirus

Singapore came in first in the ranking of economic freedom, with 89.4 points. Along with it, the category of countries with free economies included Hong Kong, New Zealand, Autsralia, Switzerland and Ireland.

As we reported, Ukraine has agreed with the IMF to increase programs to $ 8 billion.

 

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