In 2023, the fiscal health sub-score on the Economic Freedom Index for South Africa was 5.9. This presented a decrease of 2.2 points from 2022. During the seven years under review, the South African sub-score ranged between 62.6 points in 2019 and 74.6 points in 2018. In comparison to the world average, the sub-score was on par with the results in 2017 and 2018. According to the index, fiscal health in South Africa was considered "moderately free" until 2020. However, it has since declined considerably and is now considered to be repressed.
Fiscal health sub-score of South Africa on the Economic Freedom Index from 2017 to 2023
The source did not provide the date of publication. The release date is the date the statistic was accessed.
The Economic Freedom Index was co-published by The Wall Street Journal and The Heritage Foundation and was started in 1994.
The source considers the Sub-Saharan Africa region without the North African countries as they are included in the MENA region. Therefore, the African average has been calculated by Statista based on the original data for each country. The African average includes 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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Statista. (September 18, 2023). Fiscal health sub-score of South Africa on the Economic Freedom Index from 2017 to 2023 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/1168866/fiscal-health-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Fiscal health sub-score of South Africa on the Economic Freedom Index from 2017 to 2023." Chart. September 18, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/1168866/fiscal-health-sub-score-of-economic-freedom-index-in-south-africa/
Statista. (2023). Fiscal health sub-score of South Africa on the Economic Freedom Index from 2017 to 2023. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/1168866/fiscal-health-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Fiscal Health Sub-score of South Africa on The Economic Freedom Index from 2017 to 2023." Statista, Statista Inc., 18 Sep 2023, https://www.statista.com/statistics/1168866/fiscal-health-sub-score-of-economic-freedom-index-in-south-africa/
Statista, Fiscal health sub-score of South Africa on the Economic Freedom Index from 2017 to 2023 Statista, https://www.statista.com/statistics/1168866/fiscal-health-sub-score-of-economic-freedom-index-in-south-africa/ (last visited November 23, 2024)
Fiscal health sub-score of South Africa on the Economic Freedom Index from 2017 to 2023 [Graph], Statista, September 18, 2023. [Online]. Available: https://www.statista.com/statistics/1168866/fiscal-health-sub-score-of-economic-freedom-index-in-south-africa/
