Economic freedom

Bulgaria has fallen out of the top 50 countries worldwide in terms of economic freedom, according to the latest survey published by Canada's Fraser Institute.

Bulgaria ranks 36th among 165 countries and territories in Frasers's 2021 Economic Freedom of the World Annual Report, losing four positions from last year, said Tuesday the Institute for Market Economics (IME) which is the local partner of Fraser Institute.
A year earlier Bulgaria was 32nd in the ranking.

Greece has dropped 27 places in the latest Economic Freedom of the World report compiled by the Fraser Institute think tank in Canada, falling to 116th among 159 countries, just days after learning it had also sunk on the World Economic Forum's Global Competitiveness Index.

The Heritage.org, releases the Index of Economic Freedom. It includes valuable data for all countries which can help us understand the diplomatic and geopolitical situation worldwide a bit better.

Here is how they explain it:

Bulgaria ranks 20th in the EU in terms of economic freedom according to the annual report Economic Freedom of the World drafted by the Fraser Institute, compared to last year when the country ranked 15th.

Serbia has made the biggest advance in the region on this year's Index of Economic Freedom list, going up from the previous 90th to 77th position.

On the list of the 178 countries surveyed, compiled by the Washington-based Heritage Foundation and the Wall Street Journal, Serbia has scored 62.1 points - 2.1 points more than in 2015.

Bulgaria ranks 60th in the latest Index of Economic Freedom which was released on Monday.

The index is published annually by The Wall Street Journal and the Washington-based Heritage Foundation think-tank.

The overall score of Bulgaria is 65.9, the country recording a decrease of 0.9 point compared to the previous edition of the index.

Bulgaria is ranked 45th by the the Best Countries for Business report of Forbes magazine.

Performing among the world's "top 10" (9th) in "Trade Freedom", the country is also doing well in Investor Protection (14th) and Monetary Freedom (15th) and moderately in Technology (38th) and Personal Freedom (41th).

Bulgaria has descended three spots in Fraser Institute's annual Economic Freedom of the World report, ranking 42nd among 157 countries and territories - at par with the Czech Republic, Sweden and Jamaica.

This year's edition of the report is based on 2013 statistics, the most recent year for which data is available. In last year's issue of the report Bulgaria ranked 39th.

Bulgaria occupies the 41st position in the latest edition of the Human Freedom Index - a global measurement of personal, civil and economic freedom ranking 152 countries on a scale from 0 to 10, where 10 represents more freedom.

Bulgaria had a freedom index of 7.8 in 2012, with a personal freedom of 8.21 and economic freedom measuring 7.39.