Economic Freedom in New Zealand


New Zealand has ranked well in the Index of economic Freedom since it was introduced in 1995. The index was created by The Heritage Foundation and The Wall Street Journal. New Zealand’s lowest ranking is sixth and its highest ranking is third. In 2017 New Zealand ranked third.

From the 2017 results The Heritage Foundation stated: “New Zealand’s strong commitment to economic freedom has resulted in a policy framework that encourages impressive economic resilience. Openness to global trade and investment are firmly institutionalized. The financial system has remained stable, and prudent regulations allowed banks to withstand the past global financial turmoil with little disruption.

Other institutional strengths of the Kiwi economy include relatively sound management of public finance, a high degree of monetary stability, and strong protection of property rights. The government continues to maintain a tight rein on spending, keeping public debt under control and sustaining overall fiscal health. A transparent and stable business climate makes New Zealand one of the world’s friendliest environments for entrepreneurs.”

In 2017, The Heritage Foundation’s top 10 countries for citizens’ economic freedom were:
1. Hong Kong
2. Singapore
3. New Zealand
4. Switzerland
5. Australia
6. Estonia
7. Canada Chile
8. United Arab Emirates
9. Ireland
10. Chile

In 2016, the top 10 countries were:
1. Hong Kong
2. Singapore
3. New Zealand
4. Switzerland
5. Australia
6 Canada
7. Chile
8. Ireland
9. Estonia
10. United Kingdom

In 2015, the top 10 countries were:
1. Hong Kong
2. Singapore
3. New Zealand
4. Australia
5. Switzerland
6 Canada
7. Chile
8. Estonia
9. Ireland
10. Mauritius

In 2014, the top 10 countries were:
1. Hong Kong
2. Singapore
3. Australia
4. Switzerland
5. New Zealand
6 Canada
7. Chile
8. Mauritius
9. Ireland
10. Denmark

In 2012, the top 10 countries were:
1. Hong Kong
2. Singapore
3. Australia
4. New Zealand
5. Switzerland
6 Canada
7. Chile
8. Mauritius
9. Ireland
10. United States

In 2010, the top 10 countries were:
1. Hong Kong
2. Singapore
3. Australia
4. New Zealand
5. Ireland
6. Switzerland
7. Canada
8. United States
9. Denmark
10. Chile

In 2007, the top 10 countries were:
1. Hong Kong
2. Singapore
3. Australia
4. United States
5. New Zealand
6. United Kingdom
7. Ireland
8. Luxembourg
9. Switzerland
10. Canada

In 2005, the top 10 countries were:
1. Hong Kong
2. Singapore
3. Luxembourg
4. Estonia
5. New Zealand
5.Ireland
7. United Kingdom
8. Denmark
8. Iceland
10. Australia

In 2003 the top 10 countries were:
1. Hong Kong
2. Singapore
3. New Zealand
3. Luxembourg
5. Ireland
6. Denmark
6. Estonia
6. United States
9. Australia
9. United Kingdom



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