Slovakia worsened in economic freedom ranking

The Index of Economic Freedom shows that Slovakia has worsened, ranking at 53.

Family business, illustrative stock photo.Family business, illustrative stock photo. (Source: Gabriel Kuchta)

Out of 159 countries compared in the Index of Economic Freedom, the Slovak Republic ranked at 53rd. This means its position has worsened by 0.13, i.e. by eight places, the Sme daily wrote on September 27.

Slovakia’s rating amounted to 7.31 points from a maximum of 10, the F.A. Hayek Foundation in Slovakia stated.

Currency stability

The country placed best in currency stability, achieving 9.74 points in this index, ranking eleventh.

Slovakia received high points for international trade freedom – 8.30 points – where it ended up in 16th place.

The country improved in the justice and protection of ownership rights, where it achieved 5.64 points and ranked 62nd. It also improved in regulation where it received 7.36 points and ranked 63rd.

This said, it must be added that in the regulation of enterprising, Slovakia ended up at an unfavourable 106th place.

Apart from the spheres in which Slovakia has improved, there were some in which it worsened year-on-year: for example, the size of the state in the economy, where Slovakia achieved 5.51 points and the 118th place; this means a worsening by 0.58 points y-o-y.

The ranking was performed by almost 100 non-governmental organisations from all over the world, led by the Canadian Fraser Institute. The Slovak partner is the F.A. Hayek Foundation.

The chart processes the available data comparable for all the countries evaluated. Since such data are available only historically, the chart shows the status in individual countries at the end of 2015.

Top stories

PM Eduard Heger

Non-vaccinated will not pay for tests for work, school or shops

Hundreds of people protested against the amendment that the parliament passed on Sunday morning.


16 h
Dancers perform in the streets of Trenčín, spotlighting the architecture of the city.

Slovakia will open a new institute, this time in Jerusalem

Culture, sports and travel stories rounded up in one place.


23. júl
The Office of the Public Defender of Rights flies the rainbow flag to mark the Bratislava Pride in 2021.

The pandemic has made it clear that we must stand together

International friends and partners of Slovakia celebrate Bratislava Pride.


24. júl

Bratislava Pride will take place online

It will be streamed on July 24 and accompanied by numerous music performances.


22. júl