Hong Kong: World’s freest economy for 25 years!
Hong Kong has retained its crown as the world’s freest economy,
ranked No.1 in the newly released 2019 Index of
Economic Freedom, by the US-based Heritage Foundation. This is
the 25th year in a row that Hong Kong has achieved the top rating
and is the only economy to score 90 points or more in the 2019
Index of Economic Freedom, with scores for trade freedom, monetary
freedom and government integrity all increasing compared to last
year.The Financial Secretary, Paul Chan, welcomed the announcement.
“This achievement reaffirms the Government's steadfast commitment
in upholding the free market principles over the years,” he said.
“The Government will continue to uphold Hong Kong's fine tradition
of the rule of law, maintain a simple and low tax system, improve
government efficiency, safeguard the open and free trade regime and
build a level playing field for all, so as to create a favourable
environment for businesses in Hong Kong and promote Hong Kong's
Singapore is ranked second followed by New Zealand, Switzerland and Australia in the top five. The report states: "An exceptionally competitive financial and business hub, Hong Kong remains one of the world's most resilient economies."
Find out more:
Hong Kong rated as world's freest economy for 25 consecutive years
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