Estonia 14th in World Economic Freedom Rankings
In the Index of Economic Freedom, published each year by the Wall Street Journal and the Heritage Foundation, Estonia is up two places from last year's position.
The overall score, comprising 10 freedoms from property rights to corruption, is 75.2 for Estonia, surpassing last year's score by 0.5.
The Index cites significant improvements in monetary and labor freedom as reasons for progress. On the other hand, its authors note relatively high government expenditure. "Public finance management would benefit from longer-term budget balancing goals, clearer coordination between central and local governments, and better targeting of social benefits," the publication says.
Hong Kong came through with the best results among the 183 countries covered, with a score of 89.7, followed by Singapore and Australia.