15 C
Tunisia
Wednesday 21 October 2020
Home News Tunisia moves down three spots in Index of Economic Freedom 2020

Tunisia moves down three spots in Index of Economic Freedom 2020

The latest report of the “Index of Economic Freedom 2020” published by The Heritage Foundation, ranked Tunisia 128th out of 151 countries in the world, down three places from last year.

Tunisia therefore ranks among the countries that are mostly unfree economically, with a score of 55.8 points.

Tunisia continues to decline in this ranking despite the increase in its score. This means that the growth recorded by the other countries is faster and more constant.

On the African scale, Tunisia ranks 22nd out of 51 countries on the continent, far behind Morocco which is 6th in Africa (162nd in the world).

The Kingdom is considered a “moderately free” country for the sixth consecutive year.

On the other hand, Tunisia is ahead of Egypt (30th in Africa and 162nd in the world) and Algeria (47th in Africa and 169th in the world).

In the MENA region, the top three is composed of the United Arab Emirates (18th in the world), Israel (26th in the world) and Qatar (31st in the world). Tunisia ranks 31st in the region.

In detail, Tunisia has improved in the latest edition of the report, its scores in property rights, judicial effectiveness, business freedom and fiscal health.

However, it has lost points in trade freedom, labor freedom and monetary freedom.

According to the report, the country is stalling in investment freedom and financial freedom.

Economic freedom is supposed to foster productivity and economic growth by encouraging entrepreneurship and the creation of added value.

Indeed, the more an economy is considered free (index close to 100), the better the country is ranked.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS