Coming in at No. 3 was Switzerland, followed by New Zealand and the US. At 165th place, Venezuela ranked last with a score of 3.02.
Hong Kong resumed its half-century run as the world’s freest economy, wresting the title from rival Singapore, according to a Canadian researcher.
Hong Kong’s score of 8.58 edged out Singapore’s 8.55, according to the Fraser Institute’s latest Economic Freedom of the World report, covering 2022. Last year, the researcher announced that Hong Kong had ceded the top spot for the first time since the ranking’s inception but after revising its data, the city ranked No. 1 all throughout, it said.
