Estonia 8th in economic freedom rankings, 2nd in Europe ({{commentsTotal}})

News
News

According to the latest economic freedom index, compiled and published by the Heritage Foundation, a Washington DC based think-tank, Estonia has the eighth freest economy in the world, and the second freest in Europe, behind Switzerland.

The Heritage Foundation said that despite the eurozone crisis and a half-decade of weak regional growth, Estonia’s domestic economy has proven resilient and economic freedom has advanced. “Since 2011, economic freedom has increased in a majority of the 10 factors, with strong improvements in the property rights regime and the entrepreneurial environment,” the think-tank said in a foreword to Estonia brief.

According to the foundation, the past three years have helped confirm Estonia as a regional leader in economic freedom, reestablished as one of the world’s 10 freest economies for the first time since 2007. “Minimal state interference has been accompanied by a prudent fiscal policy, a commitment to open markets and overall regulatory efficiency.”

The 2015 Index of Economic Freedom, compiled in partnership with the Wall Street Journal, showed that Estonia’s economy was the eighth freest. “Its overall score is higher than last year, reflecting improvements in six of the 10 economic freedoms, including business freedom, freedom from corruption and labor freedom. Estonia is ranked second out of 43 countries in the Europe region, and its overall score is well above the regional and world averages,” the think-tank said.

Estonia was surpassed by Hong Kong, Singapore, New Zealand, Australia, Switzerland, Canada and Chile.

Editor: S. Tambur



{{c.alias}}
{{c.createdMoment}}
{{c.body}}
{{cc.alias}}
{{cc.createdMoment}}
+{{cc.replyToName}} {{cc.body}}
No comments yet.
Logged in as {{user.alias}}. Log out
Login failed

Register user/reset password

Name needs to be fewer than 32 characters long
Comment needs to be fewer than 600 characters long
{{comment.captcha.word.answer}}

news.err.ee

Opinion
Independence Day: Estonia’s way into the future isn’t a race

There is a lack of connection between the Estonian state, and the people who live here. While it expects a lot of the state, Estonian society doesn’t seem ready to contribute, writes Viktor Trasberg.

Lotman: Security academy would be crucial Estonian identity point in Narva

In an opinion piece published by Eesti Päevaleht, Tallinn University professor Mihhail Lotman found it important to overcome the mental barrier separating Ida-Viru County from the rest of Estonia.

About us

Staff & contacts | Comments rules

Would you like to contribute an article, a feature, or an opinion piece?

Let us know: news@err.ee