The Heritage Foundation released their annual Index of Economic Freedom, a country-by-country ranking of economic freedom throughout the world. The United States’ position in their rankings fell for the fifth year in a row – this time below Denmark – and ranks as the tenth-freest country in the world, in the “mostly free” category.
Hong Kong ranks as the freest country in the world according to the Index, followed by Singapore and Australia. New Zealand and Switzerland round out the top five. Out of the top ten countries, however, only two became more free relative to last year’s ranking: Singapore and Chile.