Portugal is Portuguese-speaking country with greatest economic freedom

27 January 2010

Washington, United States, 27 Jan – Portugal is the Portuguese-speaking country with the highest ranking in the Index of Freedom Economics published Tuesday by the Heritage Foundation and the Wall Street Journal, maintaining its 62nd place.

The Index of Freedom of Economics 2010 is drawn up annually and aims to measure the progress of countries in terms of reforms and economic freedoms, including tax freedom, government expenditure, monetary freedom and freedom of investment.

According to the ranking, Portugal, despite remaining in the same position as in 2009, overall saw a fall of 0.5 points, whilst cape Verde, despite seeing a rise of half a point, fell by one place in the overall list, in which 179 countries were assessed, and led amongst the 15b members of the Economic Community of West African States (ECOWAS).

According to the index, Mozambique is the third Portuguese-speaking country in the list in 111th place (56.0 points, with a rise of 0.3 on 2009), followed by Brazil, in 113th (55.6 points, a fall of 1.1).

Sao Tome and Principe, in 149th place, is the fifth Portuguese-speaking nation, with 48.8 points despite seeing one of the biggest overall rises, of 5.0 points.

Angola is ranked 154th, with 48.4 points (1.4 points more than in 2009), East Timor in 164th (45.8 points, 1.6 more) and in last place is Guinea Bissau, in 167th, with 43.6 points (1.8 less).

At the top of the table there were no changes, with Hong Kong keeping its first place (89.7 points), followed by Singapore (86.1), Australia (82.1), New Zealand (82.1) and Ireland (81.3).

At the bottom of the ranking, from 175th place onwards, were Myanmar (formerly Burma with 36.7 points), Eritreia (35.3), Cuba (26.7), Zimbabwe (21.4) and North Korea (1.0). (macauhub)