In 2018, index of economic freedom in Iran was 50.9 score. In the ranking by index of economic freedom including 179 countries, Iran has the 155th rank that is close to the positions of such countries as Maldives and the Burundi. Compared to Hong Kong which at the top of the ranking with index of economic freedom of 90.2 score in 2018, Iran has 43.57 % percent lower index of economic freedom.The description is composed by Yodatai, our digital data assistant. Have a question? Ask Yodatai ›
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.