The Czech Republic has 52nd highest economic freedom of 152 countries in world
The Czech Republic is in 52nd place on the Economic Freedom of the World Index published by the Canadian institute Fraser. The index, which was made public at a press conference on Thursday, is based on data from 2011 and monitored 152 countries. It is based on a number of indicators, among them the size of the public sector, the quality of legislation, foreign trade and overall regulation. Monetary issues and inflation are also taken into consideration.