Fraser Institute Economic Freedom of the World Study

The Economic Freedom of the World study from the Fraser Institute claims that Hong Kong has surpassed Singapore to reclaim its position as the world's most free economy. This ranking is significant, particularly in light of past surveys that indicated Hong Kong's economic freedoms were deteriorating.

Global Economic Freedom In and Around Hong Kong

Score Comparison

• Hong Kong scored 8.58, ahead of Singapore's 8.55.
• Switzerland, New Zealand and the United States soon after, while Venezuela came in last.

Recent Trends

• Good news for John Lee, as Hong Kong remains Asia's top financial center
• Hong Kong economic freedom shrinking as a result of Chinese meddling, Fraser Institute warns

The Global State of Economic Freedom

• The report notes that economic freedom worldwide has fallen for the third year in a row.
• The Hong Kong government is abiding by the rule of law, but there are worries about foreign interference.

About Hong Kong

• It has a famous long escalator, skyscrapers, high density population and a mix of British colonial and Chinese traditions.
• Prominent features include Lantau Island's Tian Tan Buddha statue.