Index of economic freedom


In 2018, index of economic freedom in Guinea was 52.2 score. In the ranking by index of economic freedom including 179 countries, Guinea has the 145th rank that is close to the positions of such countries as Gambia and the Democratic Republic of the Congo. Compared to Hong Kong which at the top of the ranking with index of economic freedom of 90.2 score in 2018, Guinea has 42.13 % percent lower index of economic freedom.

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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.