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The Heritage Foundation’s 2020 Index of Economic Freedom: This year’s score matches the 2014 one

Politiko 19 Mars 2020, 12:52
The Heritage Foundation’s 2020 Index of Economic Freedom: This

Online media reported last night and this morning on the 2020 Index of Economic Freedom published by The Heritage Foundation. “Albania’s economic freedom score is 66.9, making its economy the 57th freest in the 2020 Index. Its overall score increased slightly by 0.4 point, led by an improvement in fiscal health. However, the country dropped five positions in the 2020 Index rankings, reflecting relatively better performances by other countries. Albania is ranked 30th among 45 countries in the Europe region, and its overall score is below the regional average and above the world average.

Economic freedom has increased steadily in Albania, and its 2020 score matches its highest, which was recorded in 2014. The economy is considered moderately free and continues to register a healthy rate of GDP growth. The government has made progress in controlling the budget deficit, stabilizing public debt, and creating a more business-friendly environment. To improve its chances for eventual accession to the EU, Albania must record significant increases in its scores for property rights, judicial effectiveness, and government integrity,” reads the report’s executive summary on Albania.

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