The index is founded upon objective components that reflect the presence (or absence) of economic freedom. The index comprises 21 components designed to identify the consistency of institutional arrangements and policies with economic freedom in five major areas: size of government (fi_sog), legal structure and security of property rights (fi_legprop), access to sound money (fi_sm), freedom to trade internationally (fi_ftradeint), regulation of credit, labor and business (fi_reg). The index ranges from 0-10 where 0 corresponds to less economic freedom'' and 10 tomore economic freedom''. This is the version of the index published at the current year of measurement, without taking methodological changes over time into account.