Serbia and economic freedom: Only Bosnians are worse than us

Based on economic freedom Serbia is in the lower half of global rankings, and only the Bosnia and Herzegovina is ranked lower when it comes to countries of the Western Balkans, a report by the Canadian Fraser Institute released today shows.

In the report based on data from 2016, which states that the degree of economic freedom affects the level of wealth, life expectancy and happiness, Serbia ranks 84^th out of 162 countries, between Belize and Thailand, and three places above Russia.

As for Western Balkan countries, Bosnia and Herzegovina has the lowest ranking – 98^th place, between Zambia and Ghana, and Albania has the highest ranking, as it is 34^th. Macedonia is at 68^th and Montenegro at 72^nd place.

In the report for 2016 Serbia rose five places when compared to a year before. In 2010, it was at 98^th and at 110^th place in 2005.

Serbia received the worst score for legal system and property rights – 4.95 (10 is the highest score), and highest in the field of ​​financial stability – 8.15. It scored 7.6 in the field of ​​freedom of international trade, 7.15 in regulations, and 6.41 in the size of the Government.

Although it has received the highest rating based on financial stability, if viewed individually by fields, Serbia is ranked the worst in that very field – it is 97^th. It has the highest ranking in the field of ​​international trade freedom – 59^th place.

Of the countries in the region that are members of the European Union, Romania is top-ranked, which is at 20^th place, followed by Bulgaria in 46^th, Slovenia at 71^st and Croatia at 75^th.

The worst-placed member of the European Union is Greece, ranked 108^th, which in terms of economic freedom is at the level of China and Swaziland, that are also in the third quarter. When it comes to European countries, in the fourth quarter are Belarus, ranked 123^rd and Ukraine, ranked 134^th.

Izvor: Beta

Foto: Pixabay

Piše: B.M.