The study says that those who live in more economically free countries tend to have greater prosperity, better civil liberties, and a longer life expectancy.
“Increased regulation and higher taxes, both federally and provincially, have made Canadians less economically free, which means slower economic growth and less investment across the country,” said Fred McMahon, Dr. Michael A. Walker Research Chair in Economic Freedom at the Fraser Institute.
Which countries did make the top ten?
- Hong Kong
- Singapore
- Switzerland
- New Zealand
- Denmark
- Australia
- United States
- Estonia
- Mauritius
- Ireland
The latest report is based on data from 2020, the latest year where comparable data for 165 countries included in the analysis was available.
Other major economies’ rankings include Japan (12th), Germany (24th), Italy (43rd), France (54th), Mexico (65th), India (90th), Russia (94th), Brazil (114th) and China (116th).
