A recent report by the Heritage Foundation has ranked Rwanda first most economically free in East Africa.
Founded in 1973, the Heritage Foundation is a research and educational institution—a think tank—whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.
According to the highlights of the 2019 Index of Economic Freedom by Heritage Foundation, Rwanda’s economic freedom score is 71.1, making its economy the 32nd freest in the world.
In East Africa, Rwanda tops other countries followed by Tanzania, the 94th with 60.2.
Uganda has 59.7 scores followed by Kenya and Burundi with 55.1 and 48.9 respectively.
The-report states that Rwanda’s overall score has increased by 2.0 points, led by higher scores for government integrity, the tax burden, fiscal health, and judicial effectiveness.
The country was also ranked third among 15 countries making huge strides in economic freedom worldwide from 38.3 scores in the first year to 71.1 in 2019.
This research on economic freedom in the world is conducted by Heritage Foundation in collaboration with Street Wallet Journal.
Meanwhile globally,132 countries have improved their economic freedom scores relative to the first yearin which they were rated in the Index.
Forty-seven countries have recorded score declines.
More notably, 15 developing countries across the globe that were rated as “repressive”in the first year they were graded in the Index have successfully leaped forward into the ranksof the “moderately free” or “mostly free”.
Rwanda is preceded by Austria with 72.0 and followed by Macedonia and Macau with 71.1 respectively.
Hong Kong is the first mostly economic free in the world with 90.2 followed by Singapore with 89.4.
Togo is the first mostly economic unfree with 50.3,while North Korea with 5.9 is the first mostly economic repressed followed by Venezuela with 25.9.
