Iraq: Economic freedom, overall index

The latest value from 2002 is 16 index points, a decline from 17 index points in 2001. In comparison, the world average is 59 index points, based on data from 157 countries. Historically, the average for Iraq from 1996 to 2002 is 17 index points. The minimum value, 16 index points, was reached in 2002 while the maximum of 17 index points was recorded in 1996. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.