Czechia ranks 22nd in global index of economic freedom

The Czech Republic has placed 22nd on the Economic Freedom of the World Index published by Canada’s Fraser Institute, down by three spots compared to last year. At the same time, Czechia improved its overall score from last year’s 7.65 to 7.81 points.

The index compares data from 162 countries, assessing a number of indicators, including the size of the public sector, the quality of legislation, foreign trade and overall regulation. Monetary issues and inflation are also taken into consideration.

Hong Kong has traditionally placed top of the table, followed by Singapore and New Zealand.