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Lao People’s Democratic Republic - Index of economic freedom

53.60 (score) in 2018

In 2018, index of economic freedom for Lao People’s Democratic Republic was 53.6 score. Over the last 2 years, index of economic freedom in Lao People’s Democratic Republic was decreasing on average by 3.85 % each year, although before that, it grew from 33.5 score in 2001 to 54 score in 2017.

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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 Lao People’s Democratic Republic index of economic freedom?

Date Value Change, %
2018 53.60 -0.74 %
2017 54.00 8.43 %
2016 49.80 -3.11 %
2015 51.40 0.39 %
2014 51.20 2.20 %
2013 50.10 0.20 %
2012 50.00 -2.53 %
2011 51.30 0.39 %
2010 51.10 1.39 %
2009 50.40 0.20 %
2008 50.30 0.00 %
2007 50.30