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Bulgaria is up nine points from last years Economic Freedom list.

Bulgaria has stomped up a total of nine positions up in the economic freedom of the world 2007 list, Bulgaria has been ranked 56th for 2007, in 2006 it was 65th.

The Economic freedom of the world 2007 report measures the degree to which the policies and institutions of countries support economic freedom. Prerequisites for high economic freedom are personal choice, freedom to compete, voluntary exchange, and security of privately owned property.

Indicators that have improved Bulgaria’s listing include legal structure, security of property rights, and size of government and regulation of credit, labour and business. Research shows that countries with high economic freedom have high GDP per capita, more foreign investments, higher economic growth, low corruption level and higher life expectancy.

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