Economic Freedom Index: How free is the Philippines 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 the Philippines
Economic freedom in the Philippines has deteriorated over the past two years due mainly to worsening government integrity.
Related Questions
What is the size of the Philippines economy? See Chart
What is the size of the Philippines population? See Chart
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How has the structure of the Philippines GDP changed over the years? See Chart
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