Economic Freedom Index: How free is Singapore’s economy?
Economic Freedom Index
The Index of Economic Freedom is published annually by The Heritage Foundation, a Washington think tank. The Index covers 12 freedoms, which can be grouped into four broad categories:
- The rule of law (property rights, judicial effectiveness, and government integrity)
- Government size (tax burden, government spending, and fiscal health)
- Regulatory efficiency (business freedom, labor freedom, and monetary freedom)
- Market openness (trade freedom, investment freedom, and financial freedom)
Economic Freedom in Singapore
Economic freedom in Singapore is the second highest in the world, behind just Hong Kong. Singapore has always maintained a high degree of economic freedom over the past two decades.
What is the size of Singapore’s economy? See Chart
What is the size of Singapore’s population? See Chart
What is the demographic structure of Singapore? See Chart
How has the structure of Singapore’s GDP changed over the years? See Chart
How much does Singapore’s economy rely on external trade? See Chart