Hong Kong is rated as the World’s Freest Economy
Hong Kong is once again ranked as the world’s freest economy, scoring even higher in the Fraser Institute’s 2009 “Economic Freedom of the World” Annual Report, than it did in 2008. In fact, since the report was created in 1996, Hong Kong has consistently taken up the 1st place among the 141 countries reviewed; Singapore, New Zealand, Switzerland and Chile rounded out the top 5.
Canada ranked 8th in the study, down from 7th in 2008. The United States ranked 6th. In individual categories, Hong Kong ranked number 1 in “freedom to trade internationally,” and 3rd in size of government, receiving full scores in a number of areas including, government enterprises and investment, top marginal tax rate, freedom to own foreign currency bank accounts and taxes on international trade.
Moving from strength to strength, Hong Kong was also ranked by the World Bank to be the world’s 3rd easier place to do business in its “2010 Doing Business Report.” This is up from 4th place last year. Just ahead of Hong Kong were Singapore and New Zealand. Canada ranked 8th.
Note from the Editor:
Have a look at the video clips of Hong Kong and Hong Kong Cuisine in the Travel Video section of this website!
www.discoverhongkong.com/canada
November 11, 2009
Posted in: Hong Kong