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Republic of Korea - Index of economic freedom

74.30
(score)
in 2017

Though South Korea index of economic freedom fluctuated substantially in recent years, it tended to increase through 1997 - 2016 period ending at 71.7 score (100 represent the maximum freedom) in 2016.

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. 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. 100 represents the maximum freedom.

Date Value Change, %
2017 74.30 3.63 %
2016 71.70 0.28 %
2015 71.50 0.42 %
2014 71.20 1.28 %
2013 70.30 0.57 %
2012 69.90 0.14 %
2011 69.80 -0.14 %
2010 69.90 2.64 %
2009 68.10 -0.73 %
2008 68.60 1.18 %
2007 67.80 0.44 %
2006 67.50