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Economic Freedom of the World: 2013 Annual Report

EFW-Report-ImageThis morning, the Fraser Institute released its Economic Freedom of the World: 2013 Annual Report. Analyzing data from 152 countries and territories based on 42 distinct variables, the study’s authors rank countries according to their relative level of economic freedom.

After ranking 2nd in 2000, the U.S. falls to 17th in this year’s report. As the authors explain:

“Unfortunately for the United States, we’ve seen overspending, weakening rule of law, and regulatory overkill on the part of the U.S. government, causing its economic freedom score to plummet in recent years. This is a stark contrast from 2000, when the U.S. was considered a bastion of economic freedom and ranked second globally.”

The Fraser Institute’s full report is available below and on the Economic Freedom Network website.

*The Fraser Institute holds copyright to Economic Freedom of the World: 2013 Annual Report.