North Macedonia: Economic freedom, overall index
* indicates monthly or quarterly data series
| North Macedonia |
Economic freedom, overall index (0-100) |
|---|---|
| Latest value | 61 |
| Year | 2024 |
| Measure | index points |
| Data availability | 2002 - 2024 |
| Average | 65 |
| Min - Max | 56 - 71 |
| Source | The Heritage Foundation |
The latest value from 2024 is 61 index points, a decline from 64 index points in 2023. In comparison, the world average is 59 index points, based on data from 174 countries. Historically, the average for North Macedonia from 2002 to 2024 is 65 index points. The minimum value, 56 index points, was reached in 2005 while the maximum of 71 index points was recorded in 2017.
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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.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Property rights | 59 | 2024 | points |
| Freedom from corruption | 41 | 2024 | points |
| Fiscal freedom | 38 | 2024 | points |
| Business freedom | 70 | 2024 | points |
| Labor freedom | 56 | 2024 | points |
| Monetary freedom | 64.60 | 2024 | points |
| Trade freedom | 78 | 2024 | points |
| Investment freedom | 65 | 2024 | points |
| Financial freedom | 60 | 2024 | points |
| Economic freedom, overall index | 61 | 2024 | index points |