The index is founded upon objective components that reflect the presence (or absence) of economic freedom. The index ranges from 0-10 where 0 corresponds to "less economic freedom'' and 10 to "more economic freedom''.
The numbers found here are an extension of the panel data index using a smaller number of variables. These numbers are an improvement on what was published previously on economic freedom from 1950-1965, with more countries covered and using data sources. For more information, please see the chapter, "Economic Freedom of the World: 1950s and 1960s" found in the Economic Freedom of the World 2019 annual report.
Type of variable: Continuous
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