Poland fell from 48th to 59th position in this year's World Economic Freedom ranking, the Adam Smith Center said at a press conference. Out of 152 countries in the ranking, the top two this year were Hong Kong and Singapore.
The situation in Poland remained stable despite a drop in the ranking, Andrzej Kondratowicz from the Adam Smith Center stated. The country was awarded 7.2 points out of 10, compared to 7.31 points in 2012. The ranks around Poland are so dense that a change of 0.1 points means a 10-15 positions move, he said. This was the second straight year that Poland dropped in the ranking.
Out of the countries in the region, several have been ranked much higher. Estonia is 16th this year and Lithuania is 25th.
“This shows that such changes could be done faster in Poland. It's only a matter of political decisions and willingness by Polish politicians to adopt such changes like in other Baltic states,” said Andrzej Sadowski, vice-president of the Adam Smith Center.
Economic Freedom of the World measures the degree to which the policies and institutions of countries support economic freedom. The total index is calculated as an average of 42 different factors grouped in five segments. Poland got 5.46 points for government size, 6.44 for the rule of law, 9.53 for good money, 7.36 for freedom of international exchange and 7.22 for market regulations.
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