Kazakhstan ranked 39th in the Rating of Economic Freedom 2020
In the ranking of countries on the Index of Economic Freedom 2020 of the American Research Center "Heritage Foundation" (Heritage Foundation), Kazakhstan took 39th place out of 180, improving its performance by 20 positions (ranking in 2019 – 59th place).
The Heritage Foundation notes that Kazakhstan has become one of the 10 countries with the most significant positive dynamics in terms of improving its position in the 2020 ranking.
Positive dynamics were noted in such indicators as fiscal stability, protection of property rights, the efficiency of state bodies, efficiency of public spending, freedom of business, freedom of trade, and the effectiveness of the judicial system.
Stable dynamics were noted in such indicators as freedom of investment, freedom of the financial sector.
For comparison, in the ranking of countries on the Index of Economic Freedom 2020, the Russian Federation took 94th place, the Republic of Uzbekistan-114th place, the Republic of Belarus-88th place, the Kyrgyz Republic-81st place.
The top 5 countries with the highest level of economic freedom are Singapore, Hong Kong, New Zealand, Australia, and Switzerland.