Friday, November 18, 2022

ECONOMIC FREEDOM OF NORTH AMERICA

 Economic Freedom of North America 2022 is the eighteenth edition of the Fraser Institute’s annual report. This year it measures the extent to which—in 2020, the year with the most recent available comprehensive data—the policies of individual provinces and states were supportive of economic freedom, the ability of individuals to act in the economic sphere free of undue restrictions.

 Canada and the United States have similar scores in the Economic Freedom of the World (EFW) report; both have typically been among the top 10 nations, though Canada fell out of the top 10 in 2021 and remained out this year. Mexico ranks much lower, at 64th this year; this is an improvement over past years.

The top jurisdiction is New Hampshire at 8.10, followed by Florida (8.05), Utah (8.03), and then Idaho and South Carolina, tied for fourth (8.02). Alberta is the highest ranking Canadian province, tied for 47th place with a score of 7.76. The next highest Canadian province is British Columbia in 51st at 7.70. Alberta had spent seven years at the top of the index but fell out of the top spot in the 2018 report (reflecting 2016 data). It is now in the bottom half of the 92 subnational jurisdictions in the all-government index.

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