Guyana rises on Index of Economic Freedom

Guyana has registered its highest score in eight years on the Wall Street Journal/ Heritage Foundation Index of Economic Freedom but remains listed among “the mostly economically unfree” countries.

The Index, which was released earlier this week, put Guyana’s economic freedom score at 55.7 with a world ranking of 121 out of the 178 countries that were surveyed. Despite the improvement, it is still well below the world and regional averages of 60.3 and 59.7 respectively, the index noted.

There were another eight countries listed but unranked. Guyana’s score is 1.9 points higher than last year and 7.3 points higher than in 2009