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Economic Freedom
Cyprus’s economic freedom score is 71.8, making its economy the 20th freest in the Heritage Foundation 2012 Index.
Heritage Foundation and Wall Street Journal
Cyprus’s economic freedom score is 71.8%, making its economy the World’s 20th freest in the 2012 Index. Its overall score is down by 1.5 points from last year. Specifically, in 2011, Cyprus’ economic freedom average score was 73.3%, making the World’s 18th most liberated economy. In 2012, Cyprus is ranked 9th out of 43 countries in the Europe region.
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Cyprus’ Ten Economic Freedoms
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2012
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2011
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Business Freedom
Trade Freedom
Fiscal Freedom
Government Spending
Monetary Freedom
Investment Freedom
Financial Freedom
Property Rights
Freedom of Corruption
Labor Freedom
Source: The Heritage Foundation
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81.6
82.1
83.3
37.1
85.7
75.0
70.0
70.0
63.0
69.9
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80.1
82.6
74.6
45.6
87.6
75.0
70.0
80.0
66.0
71.4
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Cyprus has improved in the areas of fiscal and business freedom. Conversely, it has regressed significantly in property rights, freedom from corruption, public finance management as well as in trade, monetary and labour freedom.
About the Heritage Foundation
Founded in 1973, The Heritage Foundation is a research and educational institute - 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.
For more information visit the Heritage Foundation Cyprus Profile.
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