December 17, 2018

Hong Kong ranked the world’s freest economy 

CE Carrie Lam and Dr Edwin Feulner, Founder of the Heritage Foundation’s Index of Economic Freedom Report – Picture by Government of Hong Kong.

The 2018 Index of Economic Freedom Report, released by the Heritage Foundation located in Washington D.C. on 2 February 2018 ranked Hong Kong as the world’s freest economy, indeed for the 24th consecutive year. Hong Kong’s overall score of 90.2 is well above the global average of 61.1 across the 180 economies surveyed.

Hong Kong achieved high ratings in eight of the 12 criteria measured. The city received top scores in Fiscal Health, Business Freedom, Trade Freedom and Financial Freedom. The foundation likewise recognised the high quality of Hong Kong’s legal framework, low corruption, high degree of government transparency, efficient regulatory framework and openness to global commerce.

For further information:

Hong Kong Economic and Trade Office, European Union, Brussels (Director Shirley Lam):

HK Representative Office in Germany (Director Betty Ho):

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