Description
The Index of Economic Freedom is an annual guide published by The Heritage Foundation. It documents the positive relationship between economic freedom and a variety of positive social and economic goals. The ideals of economic freedom are strongly associated with healthier societies, cleaner environments, greater per capita wealth, human development, democracy, and poverty elimination.
Bahrain is ranked among the world’s average economic freedom countries

Index Calculation Mechanism
The index based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom:

• Rule of Law (property rights, government integrity, judicial effectiveness)
• Government Size (government spending, tax burden, fiscal health)
• Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
• Open Markets (trade freedom, investment freedom, financial freedom)

Each of the twelve economic freedoms within these categories is graded on a scale of 0 to 100. A country’s overall score is derived by averaging these twelve economic freedoms, with equal weight being given to each.