MACEDONIA RANKED 71ST IN ECONOMIC FREEDOM INDEX
Macedonia is ranked 71st at the list of Index of Economic Freedom that covers 157 countries, marking a jump of four places compared to the last year.
The annual report published Tuesday by the American think-tank the Heritage Foundation says that Macedonia's economy is 60.8 percent free, which is 0.5 percentage point higher than last year.
The average score of all 157 countries is 60.3 percent.
The grading is conducted on the basis of ten categories. Macedonia has best scores in the categories of monetary freedom (91.1%) and fiscal freedom (90.0%). The lowest scores are marked in the areas of freedom from corruption (27%) and property rights (30%).
The overall rating of Macedonia puts it at 32nd place out of 41 European countries. Globally, Hong Kong has been named the world's freest economy, ahead of Singapore, Ireland, Australia and USA.
Of the 157 countries graded numerically in the 2008 Index, only seven have very high freedom scores of 80 percent or more, putting them into the “free” economies category (the highest). The next 23 countries are in the 70 percent range, placing them in the “mostly free” category. Macedonia, along with 50 other states is ranked among the “moderately free” economies (scores of 60 percent - 70 percent), and 52 states have “mostly unfree” economies (scores of 50 percent–60 percent). The remaining 24 countries have “repressed economies” with scores below 50 percent.
MD: Macedonia is placed in front of Moldova, Turkey, Croatia, BiH, Russia, Ukraine, Belarus and EU members, Greece and Poland while Serbia and Montenegro are not listed