Spain’s economic freedom score is 67.2, making its economy the 49th freest in the 2014 Index. Its score is 0.8 point lower than last year due to declines in the management of government spending, business freedom, and labor freedom that outweigh small improvements in trade freedom and freedom from corruption. Spain is ranked 22nd out of 43 countries in the Europe region. Over the 20-year history of the Index, Spain has improved its economic freedom score by 4.4 points. Almost all of the 10 economic freedoms have shown some improvement, with the greatest gains in the areas of market openness and freedom from corruption. Regulatory efficiency and the rule of law have been relatively well maintained. Modest long-term gains, however, mask the erratic path of Spain’s economic freedom over the past two decades. Still ranked “moderately free” and recording its second lowest economic freedom score in 10 years, Spain continues to score below the world averages in fiscal freedom, government spending, and labor freedom.
Posted on: Sun, 07 Sep 2014 10:39:56 +0000
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