The rate at which prosperity increased was slower after 2012, the year when political and legal freedom started their decline. Improvements occurred in all seven geographic regions of our indexes.įourth, global prosperity grew every year between 19, after which the COVID-19 pandemic caused a decline. It increased 34 percent over our analysis period, from 54.0 in 1995 to 72.4 in 2022. The women’s economic freedom global score, an indicator in the economic freedom subindex, has shown a steady and dramatic improvement. This is explained by decreases in political and legal freedom scores after 2012, offset by increases in economic freedom. After 2012, they mostly stagnated until the start of the COVID-19 pandemic in 2019, following which they declined. Third, the scores for our Freedom Index, which are an average of the scores of our economic, political, and legal freedom subindexes, improved in most years between 19.
#Economic freedom definition simple free#
In all regions, countries that are free tend to also be prosperous. Being both a free and prosperous society is not particular to Europe and North America. The statistical analysis presented in this report conveys a close association between freedom and prosperity, not only at a global level but also within regions and other subgroups of countries. Second, the distribution of prosperity highly resembles that of freedom: regions and countries with higher scores in our Freedom Index also attain higher levels of prosperity.
Using the four categories of our rankings, Europe and North America are by far the “freest” regions of the world Latin America is generally “mostly free” while the Middle East and North Africa (MENA) region is generally “unfree.”
Our analytical work uncovered several facts.įirst, freedom and prosperity are not evenly distributed around the world, with evident regional differences. The Atlantic Council’s Freedom and Prosperity Center created these indexes to provide a snapshot of the current distribution of freedom and prosperity, gain a sense of the evolution of both over the last twenty-eight years at global, regional, and country levels, and facilitate an exploration of the relationship between freedom and prosperity. Is freedom a precondition of prosperity? Do countries that become freer also become more prosperous? How are freedom and prosperity distributed around the world today? What has been the evolution of these measures in the past twenty-eight years and why? What components of freedom and prosperity have increased or decreased the most, and where?
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