The Economic Freedom index uses 10 specific freedoms, some as composites of even further detailed and quantifiable components:
Each of these freedoms is weighted equally and turned into an index ranging from 0 to 100, where 100 represents the maximum economic freedom. Although changes in methodology have been undertaken throughout the measurement period, continuous backtracking has been used to maximize comparability over time.
Type of variable: Continuous
Last updated by source: 2021-01-29