Poland reaches 47th place in EFI report

The yearly report of the Economic Freedom Network showed that Poland climbed to 47th place out of 156 countries as far as the issue of economic freedom is concerned. Poland chalked up 7.29 points out of 10. The  world average is 6.86, whereas last year it was 6.84. When calculating the Economic Freedom Index, five categories are taken into consideration: Size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally and regulation of credit, labour and business. The index of other countries and the positions they achieved were as follows. USA - 7,73 (16.); Japan- 7,52 (26.); Germany - 7,50 (29.); France - 7,13 (70.); Italy - 7,12 (68.); Russia - 6,69 (99.); China - 6,44 (111.); India - 6,43 (114.). The report is published every year by the Economic Freedom Network, which is made up of a group of 90 independent institutions. The Polish member of the network is The Adam Smith Center.