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01/23/08

Kazakhstan ranks high in the Index of Economic Freedom


In last week’s joint publication of the Heritage Foundation and the Wall Street Journal, the Index of Economic Freedom 2008, Kazakhstan was ranked 76th among world’s 157 economies.
Category: General
Posted by: admin

Authors’ positive assessment of Kazakhstan took the country into the “moderately free” category together with Spain, France, Czech Republic, Israel, Italy, Portugal and Turkey.

“Kazakhstan's economy is 60.5 percent free, according to our 2008 assessment, which makes it the world's 76th freest economy. Its overall score is 1.4 percentage points higher than last year, mainly reflecting a significant improvement in trade freedom. Kazakhstan is ranked 13th out of 30 countries in the Asia–Pacific region, and its overall score is above the regional average” – the report reads.

“Kazakhstan scores highly in trade freedom, government size, and labor freedom. Government expenditure is somewhat high, although the government has gradually been privatizing businesses. Kazakhstan has a highly flexible labor system”, says the report.