Friday, January 30, 2009

Poland – 82nd most free economy

Poland is the 82nd freest economy in the world, according to the Heritage Foundation’s 2009 Economic Freedom Index.

The ranking, out of 183 countries, is the same for the post-communist central European nation as it was in 2008. One place above is Greece, one place below is Kazakhstan.

According to the Heritage Foundation, Poland’s ranking reflects, “modest declines in five of the 10 economic freedoms that offset a considerable gain in freedom from corruption. Poland is ranked 35th out of 43 countries in the Europe region, and its overall score is above the world average.”

After a series of reforms implemented last year, :Poland scores above the world average in trade freedom, monetary freedom, investment freedom, financial freedom, property rights, and freedom from corruption.”

However, Poland ranks badly in the size of the state sector, with high public spending and still sluggish progress in the rate of privatization.