> Open Markets (trade freedom, investment freedom, financial freedom)
> Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each.
3 comments
Source: https://www.heritage.org/index/ranking
Georgia looks like an island of economic freedom.
> **How do you measure economic freedom?**
> We measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom:
> Rule of Law (property rights, government integrity, judicial effectiveness)
> Government Size (government spending, tax burden, fiscal health)
> Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
> Open Markets (trade freedom, investment freedom, financial freedom)
> Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each.