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Hong Kong Ranked #1 in Economic Freedom

February 8, 2013 0 Comments

Hong Kong was ranked #1 in Economic Freedom in 2012.  It is ranked #1 in Economic Freedom in 2013 as well!

Economic freedom is a crucial component of liberty. It empowers people to work, produce, consume, own, trade, and invest according to their personal choices.

Why Does Economic Freedom Matter? – from The Heritage Foundation's Understanding America series – explores the framework America's Founders established for an economically free nation, and what economic freedom means for the United States and the rest of the world.

Hong Kong’s economic freedom score of 89.3 keeps it atop the Index rankings for the 19th consecutive year. Its overall score is 0.6 point lower than last year, mainly due to increased government spending relative to GDP and an increase in inflation. Hong Kong is ranked 1st out of 41 countries in the Asia–Pacific region and 1st in the world.

The top ten countries in the Heritage Foundation 2013 Index are:

1.  Hong Kong

2.  Singapore

3.  Australia

4.  New Zealand

5.  Switzerland

6.  Canada

7.  Chile

8.  Mauritius

9.  Denmark

10.  U.S.

The complete list may be found here.

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