Kuwait improves global rank in Economic Freedom Index – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
- Date: 19-Sep-2022
- Source: Arab Times Kuwait
- Sector:Financial Services
- Country:Kuwait
Kuwait improves global rank in Economic Freedom Index – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait News
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KUWAIT CITY, Sept 18: Kuwait rose by nine places in its global rank in the Index of Economic Freedom for the year 2022 issued by the Canadian Fraser Institute, reaching rank 88 from rank 97 in the previous version of the index, and recording 6.73 points, while maintaining its fifth place among the Gulf economies, and sixth in the Arab world, reports Al-Rai daily. The Index of Economic Freedom measures the support provided by institutions and policies in 165 countries for economic freedom. Personal choice, voluntary exchange, freedom of market entry and competition, individual safety, and individual- owned real estate are essential components of economic freedom.
Elements
The institute uses 42 elements to build the index that measures economic freedom in five main areas:
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