economy

Belarus took the 88th place in the Index of Economic Freedom 2020

In the Index of Economic Freedom, the Republic of Belarus took the 88th place and moved from the category of “mostly unfree” countries to the category of “moderately free” ones, tut.by reports.

The ranking of economic freedoms is annually held by The Heritage Foundation. According to the Index, all countries are divided into 5 categories: “free”, “mostly free”, “moderately free”, “mostly unfree” and “repressed”.

According to the results for 2020, the Republic of Belarus took the 41st place among European countries and the 88th place in the world and is located in the Index between Moldova and Tanzania. Belarus received additional points for improving fiscal health, financial freedom, property rights and state spending in the country. However, Belarus lost the points for the indicators of tax burden, judicial efficiency and the freedom of labour.

Singapore is at the top of the list of countries with free economy. There are Hong Kong, New Zealand, Australia, Switzerland and Ireland in the same category.

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