WASHINGTON – The Philippines moved to 56th place among 152 countries in the annual rankings on economic freedom around the world.
It also improved its score to 7.21 out of a possible 10 points, said the Economic Freedom of the World: 2013 annual report.
Previously the Philippines was in 61st place with a score of 7.12.
Of 152 countries and territories surveyed for the report released by the Fraser Institute, Canada’s leading policy think tank, Hong Kong with a score of 8.97 points followed by Singapore (8.73 points) once again occupied the top two positions.
The United Kingdom was in 12th place, the United States in 17th and South Korea in 33rd place.
Economic freedom is measured in five different areas: (1) size of government, (2) legal system and security of property rights, (3) access to sound money, (4) freedom to trade internationally, and (5) regulation of credit, labor, and business.
The economic freedom scores and world rankings in brackets for the Philippines were: Size of government 8.3 (8), Legal system and property rights 4.6 (105), Sound money 9.3 (40), Freedom to trade internationally 6.7 (99) and Regulations of credit, labor and business 7.1 (76).
The rankings in this year’s report are based on 2011 data, the most recent year for which comprehensive figures are available.
Venezuela was in the 152nd and last place with a score of 3.93 points.
Singapore was the best performer among the Association of Southeast Asian Nations (ASEAN) in the world rankings in 2nd place, followed by the Philippines, (56th) and Malaysia (68th).
Indonesia was in 80th place followed by Thailand in 94th and Vietnam in 122nd place. –Jose Katigbak, Star Washington bureau (The Philippine Star)
July 2025
Nutrition Month
“Give us much more than P50 increase
for proper nutrition!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands #Distancing #TakePicturesVideosturesVideos
July
3 July – International Day of Cooperatives
3 July – International Plastic Bag Free Day
5 July – World Youth Skills Day
7 July – Global Forgiveness Day
11 July – World Population Day
17 July – World Day for International Justice
28 July – World Nature Conservation Day
30 July – World Day against Trafficking in Persons
Monthly Observances:
Schools Safety Month
Nutrition Month
National Disaster Consciousness Month
Weekly Observances:
Week 2: Cultural Communities Week
Micro, Small, and Medium Enterprise
Development Week
Week 3: National Science and
Technology Week
National Disability Prevention and
Rehabilitation Week
July 1-7:
National Culture Consciousness Week
July 13-19:
Philippines Business Week
Week ending last Saturday of July:
Arbor Week
Daily Observances:
First Saturday of July:
International Cooperative Day
in the Philippines
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