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Economic Freedom and Per Capita Income

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Presentation on theme: "Economic Freedom and Per Capita Income"— Presentation transcript:

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2 Economic Freedom and Per Capita Income
2003 GDP per Capita (in Purchasing Power Parities) Source: World Bank, World Development Indicators online, available by subscription at Central Intelligence Agency, The World Factbook 2003 for the following countries: Bahamas, Burma, Cuba, Iraq, Israel, Libya, Mozambique, Nicaragua, Qatar, Taiwan, Serbia-Montenegro, United Arab Emirates; and Marc A. Miles, Edwin J. Feulner, and Mary Anastasia O’Grady, 2005 Index of Economic Freedom (Washington, D.C.: The Heritage Foundation and Dow Jones & Company, Inc., 2005), available at

3 Improvement in Economic Freedom and Economic Growth
Average GDP Growth Rates ( ) Biggest Improvement Smallest Improvement Improvement in Economic Freedom ( ) Note: 137 countries were observed. Sources: World Bank, World Development Indicators Online, available by subscription at Marc A. Miles, Edwin J. Feulner, and Mary Anastasia O’Grady, 2005 Index of Economic Freedom (Washington, D.C.: The Heritage Foundation and Dow Jones & Company, Inc., 2005), available at

4 Freer Trade Policy Associated with Higher GDP per Capita Growth
Trade Policy Score Change ( ) Sources: World Bank, World Development Indicators Online, available by subscription at Marc A. Miles, Edwin J. Feulner, and Mary Anastasia O’Grady, 2005 Index of Economic Freedom (Washington, D.C.: The Heritage Foundation and Dow Jones & Company, Inc., 2005), available at


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