The Index of Economic Freedom – Czechia places 27th
Out of the 165 states in total that are included in the research, the Czech Republic takes the 27th position on the list of economically free countries. Last year, the statistics presented somewhat better results for Czechia, which took the 24th place. As the number of participating countries is quite high and the data have to be submitted by each state, the report is usually released with a two-year delay. Thus, the mentioned numbers represent the year 2019. The Index of Economic Freedom has been measured annually since the year 1996. It takes into account five principal indicators: size of government, legal structure and property rights, access to sound money, freedom to trade internationally, regulation of credit, labour and business.
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