Czech Republic ranks 42nd in global index of economic freedom
The Czech Republic ranks 42nd among the world’s most economically free countries, according to the Fraser Institute’s annual Economic Freedom of the World report, which was released on Tuesday. The index was introduced in 1996 and measures economic freedoms such as levels of personal choice, ability to enter markets or security of privately owned property by analysing policies and institutions of 152 countries. According to the report, based on 2012 statistics, Hong Kong is the most economically free country, while Venezuela placed at the bottom of the ladder. The Czech Republic moved up ten spots in the rankings compared to last year.