By Eliza Popova
This was reported in the annual study of Economic Freedom of the World 2025 from the Canadian Institute of Fraser Institute. Despite its difficult circumstances, Ukraine still improved its position compared to last year, rising from 150th place. Economic freedom is evaluated in five directions: government size, rule of law and property protection, access to reliable money, freedom of international trade and business regulation and labor market.
In 2023, Ukraine showed the following dynamics: the authors of the report state: "It can be said that the war is harming economic freedom. " According to them, militarized conflicts are almost always accompanied by increased centralized economy models, which are easier to adapt to war, but restrict market freedom. The first place in the ranking was preserved by Hong Kong, followed by Singapore, New Zealand, Switzerland and the United States.
At the other pole were Venezuela, Zimbabwe, Sudan, Algeria, Iran and Myanmar. It is noted that in general, the level of economic freedom in the world falls for the fourth consecutive year after the 2019 record. It should be noted that in 2020 Ukraine ranked 131 place, and in the rating of economic freedom Heritage Foundation was in the 134th position out of 180 possible. We will remind that earlier in Europe identified 10 best and worst cities.
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