Greece is recorded by Greece to this year’s Economic Freedom of the World (EFW) that is published today by the Liberal Studies Center (KEFIM) in collaboration with the Canadian Fraser Institute.

In particular, Greece occupies 55th (from 70th) between 165 countries with a total evaluation of 7.15/10. The study uses elements of 2023.

Among the 27 Member States of the European Union, Greece occupies 22nd, followed by Bulgaria (56th in total), Hungary (61st), Slovenia (63rd), Croatia (67th) and Poland (76th). In last year’s index, Greece occupied the last position among the EU member states with Poland, with the immediately previous country in the EU (Croatia, 56th) being 14 places higher.

The EU Member States with the best performance are Ireland (6th), Denmark (9th), the Netherlands (10th), Luxembourg (11th) and Finland (15th). Cyprus occupies 20th place in the total ranking with a total evaluation of 7.75/10.

By sector, Greece’s performance is as follows:

* State Size: 4.88/10 (152nd position)

* Legal System and Property Rights: 6.46/10 (43rd position)

* Currency stability: 9.02/10 (30th position)

* Freedom in international trade: 8.51/10 (35th place)

* Regulatory Environment: 6.89/10 (47th position)

In terms of outside Europe, the top of the world rankings are Hong Kong, Singapore, New Zealand, Switzerland and the United States of America. The last places are Zimbabwe and Venezuela.

On the issue of the Economic Freedom Index, KEFIM General Manager Nikos Robapas said: “Greece’s impressive rise from 70th to 55th shows that significant steps are being made to a freer and competitive economic environment. However, the size and footprint of the state is still a bob. Greece can further improve its performance, competitiveness of the economy and the prosperity of citizens, as long as further targeted actions to limit the state and strengthen economic freedom. “