Guinea - Index of economic freedom

53.20 (score) in 2023

In 2023, index of economic freedom for Guinea was 53.2 score. Since 2004, index of economic freedom of Guinea fluctuated between a low of 47.6 score in 2017 and a high of 57.4 score in 2005 averaging at 53.25 over the last 20 years.

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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 index of economic freedom?