Ukraine climbs 16 spots within Economic Freedom Index

05.02.2018 17:11 "Agro Perspectiva" (Kyiv) — Ukraine has climbed 16 positions within the Index of Economic Freedom within the past year, having taken 150th place, Ukrinform says referring to the Radio Liberty report based on the research conducted by the Heritage Foundation (US). «Ukraine has climbed 16 positions in the rating of economic freedoms, to 150th place among 180 countries in the world, after 166th place in 2017,» the report reads. As to the report, the experts however affirm despite the improvement of positions, Ukraine occupies the last, 44th place among countries within Europe, and its overall assessment is down against its regional and average assessments. Reportedly, the ranking is topped by Hong Kong, Singapore, New Zealand, Switzerland, Australia, and Ireland. It is to be admitted, the level of freedom of the economies of countries is calculated as an arithmetic average of such indicators as freedom of business, trade, financial sector, investment, labor, monetary and fiscal freedom, property rights, government spending, government integrity, and degree of protection against corruption.

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