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Iran Ranking Drops in Fraser's Economic Freedom Index

Iran Ranking Drops in Fraser's Economic Freedom Index Iran Ranking Drops in Fraser's Economic Freedom Index

Iran ranks 158 out of 162 countries and territories under review in Fraser Institute's Economic Freedom of the World: 2020 Annual Report, down 15 spots from 143rd in the previous year’s index.
The 2020 report of the Canadian think-tank and research firm, which employs data from 2018, shows that Iran ranked 158th in the world, among the 10 lowest-rated countries in terms of economic freedom, with a total score of 4.80 out of 10. 
The degree of economic freedom is measured in five broad areas, namely size of government, legal system and property rights, sound money, freedom to trade internationally and regulation. 
Iran’s ranking decreased in four areas, contributing to the overall decline. The five areas have several components and sub-components in each of them.

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