Mauritius leads Sub-Saharan Africa in the 2017 Index of Economic Freedom
Mauritius has sustained its first position as a “mostly free” economy in Sub-Saharan Africa and has been ranked 21st globally in the 23rd edition of the Index of Economic Freedom published by the Heritage Foundation. The report highlights that two countries, namely Mauritius and the United Kingdom recorded no change in score while 73 countries experienced declines in economic freedom. The US-based think tank has also credited Mauritius for its efficient and transparent regulatory environment which supports relatively broad-based economic development, and its competitive tax rates and a fairly flexible labor code which facilitates private-sector growth.
The Index of Economic Freedom studies 186 economies throughout the world and provides in-depth analysis of each country’s political and economic developments. It measures economic freedom on 12 quantitative and qualitative factors, grouped into the following four broad categories:
- Rule of Law (property rights, government integrity, judicial effectiveness)
- Government Size (government spending, tax burden, fiscal health)
- Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
- Open Markets (trade freedom, investment freedom, financial freedom)
The top five countries in the index for 2017 are Hong Kong, Singapore, New Zealand, Switzerland and Australia. Switzerland (4th), Australia (5th), Estonia (6th), Canada (7th), UAE (8th), Ireland (9th) and Chile (10th) are among the top 10 countries while UK is placed in the 12th position and US is ranked 17th.
View the full report.
23 February 2017