Guest post by Jonny Kintzele
For over a decade, The Heritage Foundation, one of Washington D..C’s most prestigious think tanks, partnered with the Wall Street Journal to track the march of economic freedom around the globe with the influential Index of Economic Freedom.
Using FindTheData’s comparison platform, the information has been presented in a user-friendly, easily navigable comparison resource of every country’s score received by the Index of Economic Freedom.
The overall score is a combination of a number of Freedom scores, including anything from Business Freedom and Investment Freedom, to Labor Freedom and Freedom from Corruption. Each of these scores are a product of pure quantitative data such as level of taxation, and lesser index ratings such as the Corruption Perceptions Index (CPI). FindTheData presents an explanation of each one in their Guide tab attached to the comparison.
The tool allows direct, side-by-side comparisons of up to 10 countries. Each index score is worth exploring and toying with. Hong Kong and Singapore top the list for Overall Freedom Score, the United States is hampered by their amount of government spending, and a low Fiscal Freedom Score hurts the Netherlands. I recommend investigating other interesting data points displayed on the Index.
Here’s a link to it, take a look for yourself: Index of Economic Freedom.