According to the 2020 ranking, the Middle East and North Africa scored overall 68.1 on the Economic Freedom Index compared to the world average of 60.8. The MENA region is considered in this regard as moderately free.
Overall score of the Middle East and North Africa on the Economic Freedom Index ranking from 2000 to 2020
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The Index of Economic Freedom is an annual ranking by The Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom of countries. Since 1995 the authors of the index took an approach aligned to Adam Smith's in The Wealth of Nations.
The 2018 ranking has main categories with total twelve sub-categories:
Rule of law sub-categories: Property rights, Judicial effectiveness, Government integrity
Government size sub-categories: Tax burden, Government spending, Fiscal health
Regulatory efficiency sub-categories: Business freedom, Labor freedom, Monetary freedom
Market openness sub-categories: Trade freedom, Investment freedom, Financial freedom
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The Heritage Foundation. (April 24, 2020). Overall score of the Middle East and North Africa on the Economic Freedom Index ranking from 2000 to 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1169945/menal-overall-score-on-the-economic-freedom-index/
The Heritage Foundation. "Overall score of the Middle East and North Africa on the Economic Freedom Index ranking from 2000 to 2020." Chart. April 24, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1169945/menal-overall-score-on-the-economic-freedom-index/
The Heritage Foundation. (2020). Overall score of the Middle East and North Africa on the Economic Freedom Index ranking from 2000 to 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1169945/menal-overall-score-on-the-economic-freedom-index/
The Heritage Foundation. "Overall Score of The Middle East and North Africa on The Economic Freedom Index Ranking from 2000 to 2020." Statista, Statista Inc., 24 Apr 2020, https://www.statista.com/statistics/1169945/menal-overall-score-on-the-economic-freedom-index/
The Heritage Foundation, Overall score of the Middle East and North Africa on the Economic Freedom Index ranking from 2000 to 2020 Statista, https://www.statista.com/statistics/1169945/menal-overall-score-on-the-economic-freedom-index/ (last visited November 21, 2024)
Overall score of the Middle East and North Africa on the Economic Freedom Index ranking from 2000 to 2020 [Graph], The Heritage Foundation, April 24, 2020. [Online]. Available: https://www.statista.com/statistics/1169945/menal-overall-score-on-the-economic-freedom-index/
