Algeria, among worst performers in world’s economic freedom ranking, Fraser Institute

Algeria continues to lag behind in economic freedom according to a 2019 World Economic Freedom report by Fraser Institute, which underscored the lack of reforms in the oil rich country.

The Canadian Fraser Institute pointed out to the plummeting economic freedom in Algeria, which ranked 159 out of 169 surveyed countries.

Algeria only outperformed three countries in the rear of the ranking: Sudan, Libya and Venezuela.

Algeria badly scored in the areas of the size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labor and business.

Morocco was placed 99th, topping North African countries while Tunisia was ranked 122nd and Egypt 155th.

Hong Kong and Singapore were once again the most economically free jurisdictions in the world, the report said.

The rankings of other major countries include Japan (17th), Germany (20th), Italy (46th), France (50th), Mexico (76th), India (79th), Russia (85th), China (113th) and Brazil (120th).