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Hungary improves slightly in 2011 Heritage Foundation-WSJ Economic Freedom Index

Hungary's score on the joint Heritage Foundation-Wall Street Journal 2011 global Index of Economic Freedom published on Wednesday improved a half point from the previous year to 66.6, ranking the country number 51 in the world.

Hungary was one of 56 countries ranked in the intermediate “moderately free” category on the 2011 Index of Economic Freedom.

Hungary ranked 22nd on the index out of 43 countries in the European region. Hungary's score of 66.6 compared to an average global score of 59.7 and an average European score of 66.8.

Hungary either improved or was unchanged in all of the index's 10 sub-indices with the exception of business-freedom index in which the country's score dropped 0.3 of a point.

Hong Kong topped the index with a score of 89.7, followed by Singapore at 87.2 and Australia at 82.5. Switzerland was the highest-ranking European country on the list with a score of 81.9. (MTI Econews)