Economic Freedom in the United States Hits Record Low in 2017
Posted By Ali Meyer On February 15, 2017 @ 9:50 am In Issues | No Comments
According to the Heritage Foundation's Index of Economic Freedom, economic freedom in the United States has hit a record low in 2017—the nation dropped out of the top 15 countries and declined to 17th place.
The index ranks countries on 12 metrics that measure four pillars of economic freedom: the rule of law, limited government, regulatory efficiency, and open markets. Each country's economic freedom score is graded on a scale of zero to 100, with 100 indicating the most economic freedom.
Last year, the United States received a score of 75.4 and stood in 11th place among all 180 countries ranked by the index. This year, the United States declined even further to 17th place, receiving a score of 75.1—the lowest score this country has ever received in the index.
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