TAIPEI–Taiwan was ranked 20th in the 2013 Index of Economic Freedom published yesterday by the Heritage Foundation, a Washington-based think tank.
Taiwan received a score of 72.7 on the foundation’s annual economic freedom index, the think tank said in its latest report.
The score was 0.8 points higher than last year, thanks to gains in labor freedom, business freedom and freedom from corruption, the report said.
It also marked the fifth straight year that Taiwan’s score has risen in the annual study.
Taiwan was ranked fifth out of 41 Asia-Pacific economies listed in the 2013 rankings, and its overall score was higher than the world average, the report said.
Noting that Taiwan has recorded uninterrupted advancements in economic freedom since 2009, the report said Taiwan continues to be one of the world’s 20 freest economies in the 2013 index.