Tuesday, July 23, 2024
Hawai'i Free Press

Current Articles | Archives

Wednesday, September 25, 2013
Economic Freedom: USA Drops to 17th
By NCPA @ 1:07 PM :: 4047 Views :: Economy

Economic Freedom of the World

NCPA September 25, 2013

The Cato Institute released its annual report on the Economic Freedom of the World for 2013. This report, started in 1996 with data reaching back to 1980, measures "the consistency of the institutions and policies of various countries with voluntary exchange and the other dimensions of economic freedom." Notable in this year's report is that global economic freedom rose slightly, while the United States' rating declined slightly in 2011, the most recent year for which data is available.

  • From 1980 to 2000, the United States was generally rated the third freest economy in the world, ranking behind only Hong Kong and Singapore.
  • Since 2000, the United States has fallen from a rating of 8.65 to 7.74.
  • Ranked against other nations, the United States is 17th in terms of economic freedom.
  • Top scoring nations include Singapore, New Zealand, Switzerland, United Arab Emirates, Mauritius, Finland, Bahrain, Canada and Australia.
  • Other notable rankings include the United Kingdom (12th), Germany (19th), Japan (33rd), France (40th), Italy (83rd), Mexico (94th), Russia (101st), Brazil (102nd), India (111th) and China (123rd).

Nations scoring in the top quartile had an average gross domestic product per capita more than eight times higher than nations in the bottom quartile, with the average income of the nation's poorest 10 percent being 11 times higher in the top quartile. Life expectancy is nearly two decades longer in free nations than un-free nations.

Source: "Economic Freedom of the World," Cato Institute, September 2013.

Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii