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Index of economic freedom

(score)

In 2018, index of economic freedom in Guatemala was 63.4 score. In the ranking by index of economic freedom including 179 countries, Guatemala has the 72nd rank that is close to the positions of such countries as Portugal and the Bahamas. Compared to Hong Kong which at the top of the ranking with index of economic freedom of 90.2 score in 2018, Guatemala has 29.71 % percent lower index of economic freedom.

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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.