Estonia drops to 7th in 2018 Economic Freedom Index ({{commentsTotal}})

Map displaying economic freedom rankings in Europe in 2018.
Map displaying economic freedom rankings in Europe in 2018. Source: (2018 Index of Economic Freedom/The Heritage Foundation)

Estonia has dropped from sixth to seventh place on the Heritage Foundation and The Wall Street Journal's (WSJ) 2018 Index of Economic Freedom.

The top five countries in the 2018 edition of the index were Hong Kong, Singapore, New Zealand, Switzerland and Australia; Estonia was outranked by Ireland as well. Estonia came in third place among European countries, however.

The global bottom five was made up of North Korea, Venezuela, Cuba, the Democratic Republic of Congo and Eritrea.

Of Estonia's Baltic neighbors, Lithuania fell from 16th to 19th and Latvia from 20th to 28th this year.

Estonia's overall economic freedom score was 78.8; Lithuania's was 75.3 and Latvia's 73.6. All three Baltic countries were rated as "mostly free" in terms of economic freedom.

All the three Baltic countries were rated as "mostly free" in terms of economic freedom.

First launched in 1995, the Index of Economic Freedom rates the economic freedom of 180 countries and territories around the world based on 12 quantitative and qualitative factors grouped into four broad categories: the rule of law, government size, regulatory efficiency, and open markets.

Editor: Aili Vahtla

Source: BNS



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