Cabo Verde is highest ranked Portuguese-speaking country on Economic Freedom Index

15 January 2014

Cabo Verde (Cape Verde) is still the highest ranked Portuguese-speaking country in the Economic Freedom Index drawn up by the US-based Heritage Foundation. The West African archipelago was ranked in 60th place with 66.1 points, or 2.4 points more than last year’s ranking.

In its 20th edition, the index, which was published Tuesday by the foundation showed that Cabo Verde’s most significant gains were made in labour, business, investment and management of public spending.

After Cabo Verde came Portugal, which improved its ranking by 0.4 points to 63.5, placing it 69th in the ranking.

Mozambique’s economic freedom remained at 55 points, which ranked the country in 128th place, whilst Guinea –Bissau was given 51.3 points, or 0.2 point more than last year, which put the country in 143rd place.

Sao Tome and Principe was ranked 157th with 48.8 point, or 0.8 points more than last year, whilst Angola improved its performance by 0.4 points, to 47.7, which ranked the country in 160th place.

Similarly to last year, Timor Leste (East Timor) was considered to be the Portuguese-speaking country with the least economic freedom, according to the Heritage Foundation’s report, with a total of 43.2 points and was ranked 170th out of 186 countries.

Brazil’s fell 14 places in the ranking this year and on average economic freedom across the world last year improved by 0.7 points and 2.7 points since 1995.

The index, which covers 186 countries and 99 percent of the world population, analyses the countries’ commitment to 10 freedoms – including property rights, limited government intervention and market liberalisation. (macauhub)