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Last Updated : 2024-04-24 14:12:00
Sri Lanka ranks 83 among 162 jurisdictions on the Economic Freedom of the World index, a position it has secured by gaining 15 places over the last year.
However, the ‘Economic Freedom of the World: 2020 Annual Report’, released by Canada’s Fraser Institute in association with the Advocata Institute Sri Lanka, stated that the island nation would have been placed at a lower rank and given a smaller score if the data were based on 2018, 2019, and 2020, instead of being based only on for 2018 data.
The ranking is based on the categories: 1. Size of Government, 2: Legal System and Property Rights, 3: Sound Money, 4: Freedom to Trade Internationally, and 5: Regulation.
Topping the index is Hong Kong, followed by Singapore. New Zealand, Switzerland, the United States, Australia, Mauritius, Georgia, Canada, and Ireland round out the top 10.
Umar Friday, 18 September 2020 12:40 PM
Given the caveat specified we'll be nearer the bottom of the list after 20A and in 2021.
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