Regional Economic Freedom Rank: Rank indicating the regional position in terms of economic freedom
The Regional Economic Freedom Rank provides a ranking of countries within specific regions based on their level of economic freedom. It allows for the comparison and analysis of economic policies, institutions, and performance within specific geographic areas. Monitoring this rank enables individuals to stay informed about regional dynamics and variations in economic freedom across different parts of the world.
As of January 2020, Eritrea was ranked first in terms of regional economic freedom, followed by the Republic of the Congo in second place and Ukraine in third place. These rankings reflect the relatively higher level of economic freedom observed in these countries within their respective regions. In comparison, Singapore, Switzerland, and the United Arab Emirates held the top positions globally but ranked lower within their specific regions.
By January 2021, Sudan secured the top position in regional economic freedom, with Zimbabwe ranking second and Eritrea ranking third. Singapore, Switzerland, and the United Arab Emirates maintained their top positions globally but were ranked lower within their respective regions.
Moving to January 2022, Sudan maintained its top ranking in regional economic freedom, followed by Zimbabwe in second place and Belarus in third place. Singapore, Switzerland, and the United Arab Emirates retained their top global positions but ranked lower within their regions.
In January 2023, Sudan, Zimbabwe, and Eritrea maintained their rankings as the top three countries in terms of regional economic freedom. Singapore, Switzerland, and the United Arab Emirates continued to hold the top global positions but ranked lower within their specific regions.
Monitoring the Regional Economic Freedom Rank provides valuable insights into the economic policies, institutional frameworks, and performance within specific regions. It highlights the variations in economic freedom across different parts of the world and helps in understanding the regional dynamics shaping economic outcomes.
