Index of Economic Freedom: Mauritius is the freest country in Sub-Saharan Africa
Article Published on April 27, 2023
Mauritius is the 26th freest country in the World and boasts being the top and only nation in the Sub-Saharan African region to enjoy a ‘Mostly Free’ economic freedom status, as reported in the latest Index of Economic Freedom (the “Index").
The Index, released by the Heritage Foundation in early March 2023, aims at bringing to light fine-tuned analysis of over two decades of the advancement in economic freedom and opportunity, and covers 184 countries.
Mauritius owes its commendable score of 70.6 to its ongoing strategy in promoting structural reforms and open-market policies which encourage diversity in its service offering as well as a sound and transparent legal and regulatory framework.
The study calculates the level of economic freedom through the following broad pillars, further sub-divided into twelve categories of freedom:
• Rule of Law (property rights, government integrity, judicial effectiveness)
• Government Size (government spending, tax burden, fiscal health)
• Regulatory Efficiency (business freedom, labour freedom, monetary freedom)
• Open Markets (trade freedom, investment freedom, financial freedom)
Access the full Report here