The overall score for Ethiopia on the Economic Freedom Index was 53.6 as of 2020, equally to the score of 2019. During this year, the judicial effectiveness improved. However, this was cancelled out by a drop in fiscal health.
According to the index, Ethiopia was ranked the 146th out of 180 countries in the world, and 33rd in the Africa region out of the 53 listed countries. Furthermore, between 2000 and 2020, Ethiopia's overall score was lower than the average for the African continent. Therefore, Ethiopia's economic climate is considered mostly unfree.
Overall score of Ethiopia on the Economic Freedom Index from 2000 to 2023
There is no publication date. The released date was date of access.
The Economic Freedom Index in co-published by The Wall Street Journal and The Heritage Foundation and was started in 1994
The source considers Sub-Saharan Africa region without the North African countries as they are included in the MENA region. However, it is ranked based on the African continent with 52 countries until 2011 and 53 countries from 2012 onwards
The Economic Freedom Index is divided into 12 variables grouped in four categories
1) Rule of law: property rights, judicial effectiveness, and government integrity
2) Government size: tax burden, government spending, and fiscal health
3) Regulatory efficiency: business freedom, labor freedom, and monetary freedom
4) Market openness: trade freedom, investment freedom, and financial freedom
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The Heritage Foundation. (February 28, 2023). Overall score of Ethiopia on the Economic Freedom Index from 2000 to 2023 [Graph]. In Statista. Retrieved December 25, 2024, from https://www.statista.com/statistics/1165973/overall-score-of-ethiopia-on-the-economic-freedom-index/
The Heritage Foundation. "Overall score of Ethiopia on the Economic Freedom Index from 2000 to 2023." Chart. February 28, 2023. Statista. Accessed December 25, 2024. https://www.statista.com/statistics/1165973/overall-score-of-ethiopia-on-the-economic-freedom-index/
The Heritage Foundation. (2023). Overall score of Ethiopia on the Economic Freedom Index from 2000 to 2023. Statista. Statista Inc.. Accessed: December 25, 2024. https://www.statista.com/statistics/1165973/overall-score-of-ethiopia-on-the-economic-freedom-index/
The Heritage Foundation. "Overall Score of Ethiopia on The Economic Freedom Index from 2000 to 2023." Statista, Statista Inc., 28 Feb 2023, https://www.statista.com/statistics/1165973/overall-score-of-ethiopia-on-the-economic-freedom-index/
The Heritage Foundation, Overall score of Ethiopia on the Economic Freedom Index from 2000 to 2023 Statista, https://www.statista.com/statistics/1165973/overall-score-of-ethiopia-on-the-economic-freedom-index/ (last visited December 25, 2024)
Overall score of Ethiopia on the Economic Freedom Index from 2000 to 2023 [Graph], The Heritage Foundation, February 28, 2023. [Online]. Available: https://www.statista.com/statistics/1165973/overall-score-of-ethiopia-on-the-economic-freedom-index/
