all of the following indicators are used to rank global cities except

The Heritage Foundation reports that the top 20% on the Index have twice the per capita income of those in the second quintile, and five times that of the bottom 20%. In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.' By publishing the Index annually, the foundation attempts to highlight where such freedoms do and do not exist. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please. The Heritage Foundation website states that, 'Economic freedom is the fundamental right of every human to control his or her own labor and property.

The creators of the index claim to take an approach inspired by Adam Smith's The Wealth of Nations, that 'basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society'. The Index of Economic Freedom is an annual index and ranking created in 1995 by The Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom in the world's nations.

For other indices, see Indices of economic freedom.Īn overall heatmap from the 2023 Index of Economic Freedom, published by The Heritage Foundation and The Wall Street Journal This article is about the index published by the Wall Street Journal and the Heritage Foundation.

All of the following indicators are used to rank global cities except