Nepal drops two places in the World Economic Freedom Index

Nepal is ranked 108 out of 159 countries in the Economic Freedom of the World 2016 annual report released by Samriddhi Foundation in conjunction with Canada’s Fraser Institute. 
The report measures economic freedom in five areas: size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labour and business. 
“Economic freedom leads to prosperity and a higher quality of life, while the lowest ranked countries are usually burdened by oppressive regimes that limit the freedom and opportunity of their citizens,” said Fred McMahon, Dr Michael A Walker Research Chair in Economic Freedom with the Fraser Institute. 
The Fraser Institute produces the annual Economic Freedom of the World report in cooperation with the Economic Freedom Network, a group of independent research and educational institutes in nearly 100 nations and territories.