As of 2020, the financial freedom on the Economic Freedom Index for South Africa was 50, which was the same as the preceding year. Throughout the period under review, the South African financial freedom sub-score exceeded the African continent average. Moreover, the value was higher than the world average in 2000, 2001, 2003, 2004, as well as from 2007 onwards. According to the index, financial freedom in South Africa was considered "mostly unfree" since 2017.
Financial 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). Financial freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1169381/financial-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Financial freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020." Chart. August 26, 2020. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1169381/financial-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. (2020). Financial freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020. Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1169381/financial-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista. "Financial 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/1169381/financial-freedom-sub-score-of-economic-freedom-index-in-south-africa/
Statista, Financial freedom sub-score of South Africa on the Economic Freedom Index from 2000 to 2020 Statista, https://www.statista.com/statistics/1169381/financial-freedom-sub-score-of-economic-freedom-index-in-south-africa/ (last visited December 22, 2024)
Financial 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/1169381/financial-freedom-sub-score-of-economic-freedom-index-in-south-africa/
