Singapore Ranks First In Economic Freedom Index, Hong Kong Removed

Republic World · last updated March 11, 2021 – 3:31 AM

A US-based think tank on Thursday published the latest Economic Freedom Index, ranking Singapore on top for the second consecutive year amid the COVID-19 pandemic. Singapore scored the most points among the 184 countries that were covered for the study. Meanwhile, the United States dropped to its lowest points ever, ranking No. Hong Kong had topped the index for 25 out of 26 years, except for 2020, when it was dethroned by Singapore for the first time. Cuba, Venezuela, and North Korea have been placed at the bottom of the index, ranked 176th, 177th, and 178th.

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