Canada Drops Nine Places to 18th in Global Economic Freedom Ranking
Canada has tumbled nine places down the international economic openness index within just one year, according to a newly released report. Canada dropped from ninth to 18th place in the global economic freedom index published this week by the Fraser Institute. This year’s Economic Freedom of the World report relies on data from 2024, the [...]
TL;DR
- Canada has fallen from 9th to 18th place in the global economic freedom index.
- The Fraser Institute published the annual Economic Freedom of the World report.
- The report uses data from 2024, the latest available year.
- A senior fellow from the Fraser Institute expressed concern over the drop, linking economic freedom to living standards.
- It is suggested that economic freedom allows people to pursue opportunities and make choices, leading to prosperity and well-being.