Economic Freedom

The index published in Economic Freedom of the World measures the degree to which the policies and institutions of countries support economic freedom. The cornerstones of economic freedom are personal choice, voluntary exchange, freedom to compete, and security of privately owned property.

Economic Freedom of North America rates economic freedom on a 10-point scale for two indexes. An all-government index captures the impact of restrictions on economic freedom by all levels of government (federal, state/provincial, and municipal/local). A subnational index captures the impact of restrictions by state or provincial and local governments. Economic Freedom of North America employs 10 components in three areas: 1) Size of Government; 2) Takings and Discriminatory Taxation; and 3) Labour Market Freedom.

Economic freedom measures the extent to which individuals, families, businesses, and other organizations are free to make economic decisions without of government interference.