tops the region in the 2013 Index of Economic Freedom, annually compiled by The
Wall Street Journal and The Heritage Foundation. Macedonia ranks in 43rd place out of 177 countries listed
in the index.
Even most countries in Southwestern europe are behind Macedonia. To mention a few, Spain is number 46, France 62, Italy 83 and Greece at 117th.
Sweden ranks as number 18th Before countries like Norway, Denmark but after Finland, USA and UK.
The index measures ten components of economic freedom, assigning a grade to each using a scale from 0 to 100, where 100 represents the maximum freedom. The components are: property rights, freedom from corruption, fiscal freedom, government spending, and business, labour, monetary, trade, investment and financial freedom.
Worldwide, Hong Kong tops the ranking for the 19th year, followed by Singapore, Australia, New Zealand and Switzerland. (News from Balkan Insight)
You can read more about the Index here.