Globally Mauritius ranks 21st as a “Mostly Free” economy by the 2017 Index of Economic Freedom (IEF 2017) but remains the top-scoring country in Africa. The IEF 2017 is based on 12 quantitative and qualitative factors, grouped into four broad categories and assesses 180 countries and is based on the following:
- Rule of Law (property rights, government integrity, judicial effectiveness)
- Government Size (government spending, tax burden, fiscal health)
- Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
- Open Markets (trade freedom, investment freedom, financial freedom)
An in-depth description of the above categories can be found here.
According to the IEF 2017, countries boasting higher scores of economic freedom generate higher per capita income, as well as show a greater level of general well-being compared to the lower-scoring countries.
To read the full report, click here