Guinea Bissau - Index of economic freedom

44.60 (score) in 2023

In 2023, index of economic freedom for Guinea Bissau was 44.6 score. Though Guinea Bissau index of economic freedom fluctuated substantially in recent years, it tended to increase through 2004 - 2023 period ending at 44.6 score in 2023.

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What is index of economic freedom?

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.

What is Guinea Bissau index of economic freedom?