The financial freedom factor measures the relative openness of each country's banking and financial system by determining: the extent of government regulation of financial services; the extent of state intervention in banks and other financial services; the difficulty of opening and operating financial services firms (for both domestic and foreign individuals); and government influence on the allocation of credit. The country's financial climate is measured as an overall score between 0 and 100, where 100 represent the maximum degree of financial freedom.
Type of variable: Continuous
Last updated by source: 2021-01-29