Ukraine ranked 134th in Economic Freedom of the World

Source : 112 Ukraine

According to the research, Ukraine moved up in the rating from 149th to 134th place during one year
21:23, 26 September 2018

Open source

Ukraine occupied the 134th place out of 152 in the rating of countries by the economic freedom index. The report of Economic Freedom of the World stated this as Fraser Institute reported.

The index is calculated on the basis of 42 indicators joined in 5 key categories: size of the government (top marginal tax rate, government enterprises, and investment), legal system and property rights, sound money, freedom to trade internationally and regulation.

Related: Global Competitiveness Index 2017/2018: Ukraine's roadways placed 130 of 137 countries

According to the research, Ukraine moved up in the rating from 149th to 134th place during one year, however, it still enters the number of the world countries with the lowest level of the economic freedom.

Ukraine's situation with the judicial independence and impartial court is the worst among the world countries. However, the situation with the top marginal income tax rate is the best in Ukraine.

Related: Ukraine takes 80th place in Quality of National Index

Ukraine shares its 134th  place with Benin. The nearest European "neighbor" of Ukraine in the rating is Belarus that was researched for the first time this year. It took the 122nd place.

The highest level of the economic freedom in the world is in Hong Kong, Singapore, New Zealand and Switzerland. Georgia, the U.S., and the U.K. also entered TOP-10.

Related: Ukraine sees consumer confidence index rising for fifth straight quarter

Earlier, Ukraine took 88th place in the global rating of the quality of life for 2017. The index determining the place of the country in the rating was made considering such indicators as life expectancy, level of education, and incomes. Ukraine was rated at 0.751 points (with a maximum of 1) and took 88th place out of 189 countries.

Also, the passport of Ukrainian citizen took 25th place across the range of opportunities provided to the holder of this document, according to the data by Global Passport Power Rank 2018.

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