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Libya - Index of economic freedom

35.90 (score) in 2012

Index of economic freedom of Libya slumped by 6.99% from 38.60 score in 2011 to 35.90 score in 2012. Since the 12.40% surge in 2009, index of economic freedom sank by 17.47% in 2012.

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What is index of economic freedom?

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.

What is Libya index of economic freedom?

Date Value Change, %
2012 35.90 -6.99%
2011 38.60 -3.98%
2010 40.20 -7.59%
2009 43.50 12.40%
2008 38.70 4.59%
2007 37.00 11.45%
2006 33.20 1.22%
2005 32.80 4.13%
2004 31.50 -8.96%
2003 34.60 -2.26%
2002 35.40 4.12%
2001 34.00

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