Canada has held its sixth place ranking out of 178 ranked countries in the conservative Heritage Foundation’s 2014 Index of Economic Freedom, with an overall score of 80.2 in the free category, with the U.S. dropping to 12th place, with an overall score of 75.5 in the mostly free category.
Canada exceeds the United States in 8 out of 10 components of economic freedom, being surpassed only in government spending and labor freedom:
Canada vs. the United States
Property Rights 90.0 vs. 80.0
Freedom From Corruption 87.7 vs. 72.0
Government Spending 47.3 vs. 48.1
Fiscal Freedom 79.7 vs. 65.8
Business Freedom 89.3 vs. 89.2
Labor Freedom 83.1 vs. 97.2
Monetary Freedom 76.3 vs. 75.4
Trade Freedom 88.3 vs. 86.8
Investment Freedom 80.0 vs. 70.0
Financial Freedom 80.0 vs. 70.0
For more on these rankings, see my past articles:
1) Will the United States fall off the top 10 list of most economically free countries, according to the Heritage Foundation?
2) Canada more economically free than the United States for fourth year in a row: Heritage Foundation
3) Once founded as a limited government whose powers are “few and defined”, the United States federal government is more centralized and expansive than Canada’s
4) Still think Canada is more socialist than the United States? — The joke’s on you?