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Economic Freedom of the World UPSC NOTE

 Economic Freedom of the World: 2023 Annual Report

  • The report published by Canada’s Fraser Institute.

  • The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries are supportive of economic freedom. 

  • The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to enter markets and compete, and security of the person and privately-owned property. 

  • The degree of economic freedom is measured in five broad areas.

    • Size of Government

    • Legal System and Property Rights

    • Sound Money

    • Freedom to Trade Internationally

    • Regulation

  • The total number of jurisdictions in the index is 165. 

  • The data are available annually from 2000 to 2021 and for years ending in zero or five back to 1970.

  • Top rated country - Singapore

  • India’s Rank - 87th



  • Ouagadougou, or Wagadugu is the capital of Burkina Faso.

  • The spelling of the name Ouagadougou is derived from the French orthography common in former French African colonies.

Why it is in news?

  • Suspected jihadists have killed 16 civilians, including four Army auxiliaries, in two separate attacks in Burkina Faso, local and security sources said. 

  • The latest violence follows an attack last week on a camp for internally displaced people in the north of the country which left eight people dead.



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Learnerz IAS | Concept oriented UPSC Classes in Malayalam: Economic Freedom of the World UPSC NOTE
Economic Freedom of the World UPSC NOTE
Learnerz IAS | Concept oriented UPSC Classes in Malayalam
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