Economic Data, Fraser Institute - Revision history

Norah.Shamin: Norah.Shamin moved page Fraser International to Economic Data, Fraser Institute

2025-07-07T18:39:16Z

Norah.Shamin moved page Fraser International to Economic Data, Fraser Institute

← Older revision	Revision as of 18:39, 7 July 2025
(No difference)

Norah.Shamin at 18:38, 7 July 2025

2025-07-07T18:38:30Z

← Older revision		Revision as of 18:38, 7 July 2025
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	\|-		\|-
	\|SeriesFreedomEconChainLinked		\|SeriesFreedomEconChainLinked
			\|Economic freedom level on scale of 1 to 10 (most free)
	\|		\|
	\|		\|Fraser Institute
	\|		\|<nowiki>https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2021&page=dataset&min-year=2&max-year=0&filter=0&sort-field=year&sort-reversed=5</nowiki>
	\|		\|'''''<u><big>Can't find in 2024 in approach</big></u>'''''
	\|		\|0
	\|
	\|		\|
	\|}		\|}

Norah.Shamin at 18:36, 7 July 2025

2025-07-07T18:36:14Z

← Older revision		Revision as of 18:36, 7 July 2025
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			= Summary =
	Headquartered in Vancouver, Canada, the Fraser Institute has regional offices in Calgary, Toronto, Montreal, and Halifax. They produce research about government actions in areas that deeply affect Canadians’ quality of life such as taxation, health care, aboriginal issues, education, economic freedom, energy, natural resources and the environment.		Headquartered in Vancouver, Canada, the Fraser Institute has regional offices in Calgary, Toronto, Montreal, and Halifax. They produce research about government actions in areas that deeply affect Canadians’ quality of life such as taxation, health care, aboriginal issues, education, economic freedom, energy, natural resources and the environment.

	The Economic Freedom (EFW) measure is an effort to identify how closely the institutions and policies of a country correspond with a limited government ideal, where the government protects property rights and arranges for the provision of a limited set of “public goods” such as national defense and access to money of sound value, but little beyond these core functions. The index measures the degree of economic freedom present in five major areas: [1] Size of Government; [2] Legal System and Security of Property Rights; [3] Sound Money; [4] Freedom to Trade Internationally; [5] Regulation. Comprehensive data are available only with a two-year lag, so the index itself has a two-year lag. You may find more details from https://www.fraserinstitute.org/economic-freedom/approach for the five major areas.		The Economic Freedom (EFW) measure is an effort to identify how closely the institutions and policies of a country correspond with a limited government ideal, where the government protects property rights and arranges for the provision of a limited set of “public goods” such as national defense and access to money of sound value, but little beyond these core functions. The index measures the degree of economic freedom present in five major areas: [1] Size of Government; [2] Legal System and Security of Property Rights; [3] Sound Money; [4] Freedom to Trade Internationally; [5] Regulation. Comprehensive data are available only with a two-year lag, so the index itself has a two-year lag. You may find more details from https://www.fraserinstitute.org/economic-freedom/approach for the five major areas.

	~~= Series pulled into~~ IFs =		Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently IFs uses the unadjusted data.

	~~{\| border~~=~~"1" cellpadding="0" cellspacing="0" width="678"~~		= Tables In IFs =
	\|-
	~~\| height="20" width="225" \| Table~~
	~~\| width="154" \| Source~~
	~~\| width="167" \| Last IFs Update~~
	~~\| width="132" \| UsedInPreprocessorFileName~~
	\|-
	~~\| height="20" \| SeriesFreedomEcon~~
	~~\| Fraser International ([http://www.freetheworld.com http://www.freetheworld.com]); replaces Gwartney, Lawson, Samida: 2000~~
	~~\| 2016/02/16~~
	~~\| SOCIOPOL~~
	\|-
	~~\| height="20" \| SeriesFreedomEconChainLinked~~
	~~\| Fraser International ([http://www.freetheworld.com http://www.freetheworld.com]); replaces Gwartney, Lawson, Samida: 2000~~
	~~\| 2016/02/16~~
	~~\| '''''<u>Can't find in 2024 in approach</u>'''''~~
	\|}

	~~= Series pulled into~~ IFs ~~in 2024~~ =
	{\| class="wikitable"		{\| class="wikitable"
	\|Variable		\|Variable
Line 86:		Line 69:
	\|Sound Money		\|Sound Money
	\|0		\|0
			\|
			\|-
			\|SeriesFreedomEconChainLinked
			\|
			\|
			\|
			\|
			\|
			\|
	\|		\|
	\|}		\|}

	= Instructions ~~on pulling data from Fraser International~~ =		= Data Pulling Instructions =

	~~Two sets of~~ data ~~are available in relation to Economic Freedom, an unadjusted one and a chain linked one~~. ~~Currently IFs~~&~~nbsp;uses~~ the ~~unadjusted data~~.		*Download data from https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2021&page=dataset&min-year=2&max-year=0&filter=0&sort-field=year&sort-reversed=0
			* Click the green button.[[File:Screenshot 2024-08-23 092016.png\|none\|thumb\|840x840px]]
			* Use the "Code in Source" in DataDict to pull each series.

	~~'''Definition of economic freedom rating'''~~		= Data Notes =

			====== '''Definition of Economic Freedom Rating''' ======
	The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.		The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.

	'''Data source:''' https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2021&page=dataset&min-year=2&max-year=0&filter=0&sort-field=year&sort-reversed=0		'''Data source:''' https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2021&page=dataset&min-year=2&max-year=0&filter=0&sort-field=year&sort-reversed=0

	~~'''Method of Calculation'''~~

			====== '''Method of Calculation''' ======
	#'''<u>Unadjusted method:</u>''' in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.		#'''<u>Unadjusted method:</u>''' in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.
	#'''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.		#'''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.
			#

			#

	~~ Last updated by Kanishka Narayan on 11th October 2016~~

	# ~~Download data from https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2021&page=dataset&min-year=2&max-year=0&filter=0&sort-field=year&sort-reversed=0~~
	~~# Click the green button.[[File:Screenshot 2024-08-23 092016.png\|none\|thumb\|840x840px]]~~
	~~# Use the "Code in Source" in DataDict to pull each series.~~

Kexin.Shang: /* Instructions on pulling data from Fraser International */

2024-08-23T15:25:43Z

Instructions on pulling data from Fraser International

← Older revision		Revision as of 15:25, 23 August 2024
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	Last updated by Kanishka Narayan on 11th October 2016		Last updated by Kanishka Narayan on 11th October 2016

			# Download data from https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2021&page=dataset&min-year=2&max-year=0&filter=0&sort-field=year&sort-reversed=0
			# Click the green button.[[File:Screenshot 2024-08-23 092016.png\|none\|thumb\|840x840px]]
			# Use the "Code in Source" in DataDict to pull each series.

Kexin.Shang: /* Series pulled into IFs */

2024-08-23T14:58:13Z

Series pulled into IFs

@@ Line 20: / Line 20: @@
 | Fraser International ([http://www.freetheworld.com http://www.freetheworld.com]); replaces Gwartney, Lawson, Samida: 2000
 | 2016/02/16
-| &nbsp;
+| '''''<u>Can't find in 2024 in approach</u>'''''
 |}
-= <br/>Instructions on pulling data from Fraser International =
+= Series pulled into IFs in 2024 =
 Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently IFs&nbsp;uses the unadjusted data.
@@ Line 35: / Line 101: @@
 '''Method of Calculation'''
-#'''<u>Unadjusted method:</u>'''&nbsp;in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.&nbsp; For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.
+#'''<u>Unadjusted method:</u>''' in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.&nbsp; For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.
-#'''<u>Chain Linked Method:</u>'''&nbsp;This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.
+#'''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.
 &nbsp;Last updated by Kanishka Narayan on 11th October 2016

Kexin.Shang: /* Series pulled into IFs */

2024-08-22T18:17:27Z

Series pulled into IFs

← Older revision		Revision as of 18:17, 22 August 2024
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	~~<span style="background-color:#FFFF00;">What is~~ Fraser ~~International? What~~ is economic freedom~~? Where do they get~~ the ~~data or how is it collected? How often do they publish?<~~/~~span>~~		Headquartered in Vancouver, Canada, the Fraser Institute has regional offices in Calgary, Toronto, Montreal, and Halifax. They produce research about government actions in areas that deeply affect Canadians’ quality of life such as taxation, health care, aboriginal issues, education, economic freedom, energy, natural resources and the environment.

			The Economic Freedom (EFW) measure is an effort to identify how closely the institutions and policies of a country correspond with a limited government ideal, where the government protects property rights and arranges for the provision of a limited set of “public goods” such as national defense and access to money of sound value, but little beyond these core functions. The index measures the degree of economic freedom present in five major areas: [1] Size of Government; [2] Legal System and Security of Property Rights; [3] Sound Money; [4] Freedom to Trade Internationally; [5] Regulation. Comprehensive data are available only with a two-year lag, so the index itself has a two-year lag. You may find more details from https://www.fraserinstitute.org/economic-freedom/approach for the five major areas.

	= Series pulled into IFs =		= Series pulled into IFs =
Line 29:		Line 31:
	The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.		The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.

	'''Data source:~~ ~~'''~~[http~~://www.~~freetheworld~~.~~com~~/ ~~http:~~/~~/www.freetheworld.com/]~~		'''Data source:''' https://www.fraserinstitute.org/economic-freedom/dataset?geozone=world&year=2021&page=dataset&min-year=2&max-year=0&filter=0&sort-field=year&sort-reversed=0

	'''Method of Calculation'''		'''Method of Calculation'''

	#'''<u>Unadjusted method:</u>''' in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.		#'''<u>Unadjusted method:</u>''' in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.
	#~~ ~~'''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.		#'''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.



	Last updated by Kanishka Narayan on 11th October 2016		Last updated by Kanishka Narayan on 11th October 2016

KanishkaNarayan at 22:57, 11 October 2016

2016-10-11T22:57:55Z

← Older revision		Revision as of 22:57, 11 October 2016
Line 24:		Line 24:

	Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently IFs uses the unadjusted data.		Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently IFs uses the unadjusted data.

			'''Definition of economic freedom rating'''

	The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.		The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.

KanishkaNarayan at 22:35, 11 October 2016

2016-10-11T22:35:46Z

← Older revision		Revision as of 22:35, 11 October 2016
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	= <br/>Instructions on pulling data from Fraser International =		= <br/>Instructions on pulling data from Fraser International =

	Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently ~~<span style="background-color:#FFFF00~~;~~">Ifs </span>~~uses the unadjusted data.		Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently IFs uses the unadjusted data.

	The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.		The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.

	'''~~Source of the data~~: '''[http://www.freetheworld.com/ http://www.freetheworld.com/]		'''Data source: '''[http://www.freetheworld.com/ http://www.freetheworld.com/]

	'''Method of Calculation'''		'''Method of Calculation'''
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	Last updated by Kanishka Narayan on ~~<span style="background-color:#FFFF00;">[please include data here]</span>~~		Last updated by Kanishka Narayan on 11th October 2016

Wikiadmin at 08:43, 21 September 2016

2016-09-21T08:43:29Z

← Older revision		Revision as of 08:43, 21 September 2016
Line 2:		Line 2:

	= Series pulled into IFs =		= Series pulled into IFs =



	{\| border="1" cellpadding="0" cellspacing="0" width="678"		{\| border="1" cellpadding="0" cellspacing="0" width="678"
Line 33:		Line 31:
	'''Method of Calculation'''		'''Method of Calculation'''

	#'''<u>Unadjusted method:</u>''' ~~'''<u></u>'''~~in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.		#'''<u>Unadjusted method:</u>''' in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.
	# '''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.		# '''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.



			Last updated by Kanishka Narayan on <span style="background-color:#FFFF00;">[please include data here]</span>

Wikiadmin at 08:42, 21 September 2016

2016-09-21T08:42:54Z

← Older revision		Revision as of 08:42, 21 September 2016
Line 2:		Line 2:

	= Series pulled into IFs =		= Series pulled into IFs =
	~~<u style="font-size: 13px;"></u>~~


	{\| border="1" cellpadding="0" cellspacing="0" width="678"		{\| border="1" cellpadding="0" cellspacing="0" width="678"
	\|- ~~height="20"~~		\|-
	\| height="20" width="225" \| Table		\| height="20" width="225" \| Table
	\| width="154" \| Source		\| width="154" \| Source
	\| width="167" \| Last IFs Update		\| width="167" \| Last IFs Update
	\| width="132" \| UsedInPreprocessorFileName		\| width="132" \| UsedInPreprocessorFileName
	\|- ~~height="20"~~		\|-
	\| height="20" \| SeriesFreedomEcon		\| height="20" \| SeriesFreedomEcon
	\| Fraser International (http://www.freetheworld.com); replaces Gwartney, Lawson, Samida: 2000		\| Fraser International ([http://www.freetheworld.com http://www.freetheworld.com]); replaces Gwartney, Lawson, Samida: 2000
	\| 2016/02/16		\| 2016/02/16
	\| SOCIOPOL		\| SOCIOPOL
	\|- ~~height="20"~~		\|-
	\| height="20" \| SeriesFreedomEconChainLinked		\| height="20" \| SeriesFreedomEconChainLinked
	\| Fraser International (http://www.freetheworld.com); replaces Gwartney, Lawson, Samida: 2000		\| Fraser International ([http://www.freetheworld.com http://www.freetheworld.com]); replaces Gwartney, Lawson, Samida: 2000
	\| 2016/02/16		\| 2016/02/16
	\|		\|
	\|}		\|}

	= ~~<u style="font-size: 13px;">'''~~<br/~~>Updating Fraser International Economic Freedom data, differences between Normal and Chain Linked'''</u~~>Instructions on pulling data from Fraser International =		= <br/>Instructions on pulling data from Fraser International =

	This section explains the different methods used, when computing the Economic Freedom Index by the Fraser Institute. Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently Ifs uses the unadjusted data.

	'''Description of Economic Freedom Index- '''The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.

	~~'''Name of Series'''~~
	~~<ol style="list-style-type:lower-alpha;">~~
	~~<li>Normal (Unadjusted)- SeriesFreedomEcon</li>~~
	~~<li>Chain linked- SeriesFreedomEconChainLinked</li>~~
	~~</ol>~~

	~~ ~~

	~~'''Source of the data- '''[http://www.freetheworld.com/ http://www.freetheworld.com/]~~

	~~&nbsp~~;		Two sets of data are available in relation to Economic Freedom, an unadjusted one and a chain linked one. Currently <span style="background-color:#FFFF00;">Ifs </span>uses the unadjusted data.

	~~'''Method~~ of ~~Calculation-'''~~		The index is compiled on the basis of the rank the country obtains in 5 sectors, namely, size of the government, Legal system and property rights, sound money, Freedom of international trade and Regulation. The rank that the country obtains in these five sectors determine its economic freedom rating. Now this rating is determined in two ways, an unadjusted calculation and a chain linked calculation.

	#'''~~<u>Unadjusted method~~ ~~</u>~~'''~~in this method, the rating is determined for each year without regard to other years~~. ~~So, this to a certain extent compromises comparability and ignores tradeoffs~~.~~  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating~~. ~~It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries~~.		'''Source of the data: '''[http://www.freetheworld.com/ http://www.freetheworld.com/]

	~~ ~~		'''Method of Calculation'''

	# '''<u>Chain Linked Method~~ ~~</u>'''This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.		#'''<u>Unadjusted method:</u>''' '''<u></u>'''in this method, the rating is determined for each year without regard to other years. So, this to a certain extent compromises comparability and ignores tradeoffs.  For Example, a country could have an extremely high rank in 1 sector, and this would trump ranks in all other sectors, thus pushing up the country's rating. It is important to note however, that the data for this rating is more complete, i.e. it is available for all of the 157 countries.
			# '''<u>Chain Linked Method:</u>''' This method makes the data more comparable over time. E.g. If a country's rank in 1 sector goes down in 1 year, in comparison to the previous year, the method, looks to see if there has been a tradeoff, i.e. has the rank in any other sector correspondingly gone up in comparison to the previous year. This helps in determining a truer rating for the economic freedom. The documentation states that the chain link index was always intended to be the ideal predictor of economic freedom. Note, however that data in relation to the chain link index isn't currently available for 35 countries.