Latvia climbs to 36th place in Economic Freedom Index

Latvia is ranked 36th this year in the Heritage Foundation and The Wall Street Journal's Index of Economic Freedom. That is one place up from 2015, reported LSM's Latvian-language service via LETA Tuesday.

Latvia is ranked among the 'Mostly Free' countries for the first time ever, scoring 70.4 points, just above the 70-point threshold required to rank among these states.

Estonia and Lithuania are ranked 9th (8th in 2015) and 13th (15th in 2015). Estonia scored 77.2 and Lithuania scored 75.2 in the index.

Hong Kong took the first, and Singapore the second place, followed by New Zealand.

The index analyzes economic freedom in a country in a scale from 0 to 100.

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