The CDRK has an economic rating of 39.6, out of 100. This seems extreme (it is), but the world average is 59.6, and the regional average is 53.6. It is in the bottom two countries listed in the 46 countries that make up the sub Saharan region. This score has dropped 1.5, from what it was last year. This is mainly because of government spending becoming even worse. The fact that spending freedom has increased lessened some of the problems with the out of control government spending. (So this score could have been even worse)
The 5 main contributing factors to the poor state of CDRK are the government spending, the lack of freedom from corruption, poor property rights, lack of financial freedom , and less than acceptable investment freedom. The worst of the 5 being the government corruption and the problems with property rights. If business owners/people do not have the freedoms to invest or own property then they lack basic civil rights. Overall the future of the CDRK does not look very promising for its people, taking strong consideration into the fact that their overall ratings are still decreasing. They are also second to last in the list of countries that make up Sub Saharan Africa. The trending arrow for the CDRK is pointing down, and it would be easy to predict that it will be pointing in the same direction for several more years. The countries overall rating has been dropping at an unsteady rate since 2009, when it was at 43 points out of 100. The only thing that seems to be working moderately well for this country are the fiscal freedoms, and trade freedoms. Ironically , the government spending is one of the more positively rated categories at 60.1 out of 100, while others are 20 and below. |
The CDRK has an economic rating of 39.6, out of 100. This seems extreme (it is), but the world average is 59.6, and the regional average is 53.6. It is in the bottom two countries listed in the 46 countries that make up the sub Saharan region. This score has dropped 1.5, from what it was last year. This is mainly because of government spending becoming even worse. The fact that spending freedom has increased lessened some of the problems with the out of control government spending. (So this score could have been even worse)
The 5 main contributing factors to the poor state of CDRK are the government spending, the lack of freedom from corruption, poor property rights, lack of financial freedom , and less than acceptable investment freedom. The worst of the 5 being the government corruption and the problems with property rights. If business owners/people do not have the freedoms to invest or own property then they lack basic civil rights.
Overall the future of the CDRK does not look very promising for its people, taking strong consideration into the fact that their overall ratings are still decreasing. They are also second to last in the list of countries that make up Sub Saharan Africa. The trending arrow for the CDRK
is pointing down, and it would be easy to predict that it will be pointing in the same direction for several more years. The countries overall rating has been dropping at an unsteady rate since 2009, when it was at 43 points out of 100.
The only thing that seems to be working moderately well for this country are the fiscal freedoms, and trade freedoms. Ironically , the government spending is one of the more positively rated categories at 60.1 out of 100, while others are 20 and below.
The 5 main contributing factors to the poor state of CDRK are the government spending, the lack of freedom from corruption, poor property rights, lack of financial freedom , and less than acceptable investment freedom. The worst of the 5 being the government corruption and the problems with property rights. If business owners/people do not have the freedoms to invest or own property then they lack basic civil rights.
Overall the future of the CDRK does not look very promising for its people, taking strong consideration into the fact that their overall ratings are still decreasing. They are also second to last in the list of countries that make up Sub Saharan Africa. The trending arrow for the CDRK
is pointing down, and it would be easy to predict that it will be pointing in the same direction for several more years. The countries overall rating has been dropping at an unsteady rate since 2009, when it was at 43 points out of 100.
The only thing that seems to be working moderately well for this country are the fiscal freedoms, and trade freedoms. Ironically , the government spending is one of the more positively rated categories at 60.1 out of 100, while others are 20 and below.