In 2020, the monetary freedom sub-score on the Economic Freedom Index for South Africa was 75.9. This was 0.7 points higher than the preceding year. Between 2000 and 2020, the sub-score ranged between 70.2 points in 2010 and 83.7 points in 2006. The South African monetary freedom value was higher than the continent average throughout the period under review. Moreover, compared to the world average, the South African sub-score was higher from 2000 to 2009, between 2012 and 2014, and 2020. According to the index, monetary freedom in South Africa was considered "mostly free" since 2007.
Monetary freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020
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. (August 26, 2020). Monetary freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1169360/monetary-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Monetary freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020." Chart. August 26, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1169360/monetary-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. (2020). Monetary freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1169360/monetary-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Monetary Freedom Sub-score of South Africa on The Economic Freedom Index from 2000 to 2020." Statista, Statista Inc., 26 Aug 2020, https://www.statista.com/statistics/1169360/monetary-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista, Monetary freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 Statista, https://www.statista.com/statistics/1169360/monetary-freedom-sub-score-of-economic-freedom-index-in-south-africa/ (last visited November 21, 2024)
Monetary freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 [Graph], Statista, August 26, 2020. [Online]. Available: https://www.statista.com/statistics/1169360/monetary-freedom-sub-score-of-economic-freedom-index-in-south-africa/
