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FACTORS: |
1995 |
1996 |
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|
|
1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
Score |
Score |
|
Bahamas |
5 |
1 |
2 |
1 |
3 |
2 |
2 |
1 |
1 |
2 |
2.1 |
2 |
|
Panama |
4 |
3 |
2 |
1 |
2 |
1 |
2 |
3 |
3 |
3 |
2.7 |
2.4 |
|
Chile |
4 |
2.5 |
1 |
3 |
2 |
3 |
3 |
1 |
2 |
3 |
2.5 |
2.45 |
|
El Salvador |
3 |
2.5 |
1 |
3 |
2 |
2 |
2 |
3 |
3 |
3 |
2.65 |
2.45 |
|
Paraguay |
2 |
2.5 |
1 |
4 |
1 |
2 |
3 |
3 |
3 |
5 |
2.75 |
2.65 |
|
Argentina |
4 |
3.5 |
2 |
5 |
2 |
2 |
2 |
2 |
2 |
2 |
2.85 |
2.65 |
|
Belize |
5 |
4 |
2 |
1 |
2 |
3 |
2 |
2 |
3 |
3 |
2.7 |
2.7 |
|
Jamaica |
3 |
3 |
2 |
4 |
2 |
2 |
3 |
2 |
3 |
3 |
2.8 |
2.7 |
|
Bolivia |
2 |
2.5 |
3 |
4 |
2 |
2 |
1 |
3 |
4 |
4 |
3.2 |
2.75 |
|
Uruguay |
3 |
3 |
2 |
5 |
2 |
2 |
2 |
3 |
3 |
3 |
2.9 |
2.8 |
|
Costa Rica |
4 |
3 |
2 |
3 |
2 |
3 |
2 |
3 |
3 |
3 |
2.9 |
2.8 |
|
Guatemala |
3 |
2.5 |
1 |
3 |
3 |
3 |
3 |
3 |
4 |
3 |
3.05 |
2.85 |
|
Peru |
4 |
3 |
1 |
5 |
2 |
2 |
2 |
3 |
4 |
4 |
3.4 |
3 |
|
Colombia |
4 |
4 |
1 |
4 |
2 |
2 |
2 |
3 |
3 |
5 |
2.9 |
3 |
|
Ecuador |
4 |
2.5 |
1 |
5 |
2 |
3 |
3 |
3 |
4 |
4 |
3.25 |
3.15 |
|
Honduras |
4 |
3.5 |
2 |
2 |
3 |
3 |
3 |
3 |
4 |
4 |
3.15 |
3.15 |
|
Mexico |
3 |
3.5 |
2 |
5 |
2 |
4 |
4 |
3 |
4 |
3 |
3.05 |
3.35 |
|
Guyana |
4 |
4 |
2 |
5 |
3 |
3 |
2 |
3 |
4 |
4 |
3.7 |
3.4 |
|
Brazil |
4 |
3.5 |
2 |
5 |
3 |
3 |
3 |
3 |
4 |
4 |
3.3 |
3.45 |
|
Dominican Rep. |
5 |
2.5 |
2 |
5 |
3 |
3 |
2 |
4 |
4 |
4 |
3.4 |
3.45 |
|
Venezuela |
4 |
4 |
2 |
5 |
3 |
3 |
3 |
3 |
3 |
5 |
3 |
3.5 |
|
Nicaragua |
5 |
3 |
2 |
5 |
2 |
3 |
3 |
4 |
4 |
5 |
3.9 |
3.6 |
|
Haiti |
5 |
3 |
3 |
2 |
5 |
5 |
4 |
5 |
5 |
5 |
4.2 |
4.2 |
|
LAC Avg. |
3.8 |
3.0 |
1.8 |
3.7 |
2.4 |
2.7 |
2.5 |
2.9 |
3.3 |
3.7 |
3.1 |
3.0 |
Source: Heritage Foundation, 1996.
Each factor is graded on a scale of 1 to 5, 1 being the most free and 5 the least free. Averages are unweighted averages.
Factors:
1. Trade Policy-rating based on average tariff rates.
2. Taxation Policy-based on income and corporate tax rates.
3. State Intervention in the Economy-based on government consumption as a percentage of GDP and size of state-owned sector.
4. Monetary Policy-based on average inflation rate as a guage of how a country manages monetary policy.
5. Capital Flows and Foreign Investment-based on assessment of limitations or supports for foreign investment.
6. Banking Policy-based on sliding scale that measures relative openness of country's banking system.
7. Wage and Price Controls-based on assessment of relative degree to which government controls wages and prices.
8. Property Rights-based on an assessment of government's protection of private property rights.
9. Regulation-based on perceived burden of regulation, levels of corruption, and uniformity of application.
10. Black Market-based on estimate of size of black market as a percentage of GDP.
Note: This section is included in the democracy section as an additional perspective on the potential of policy and institutions to affect economic growth. The HF authors contend that economically "free" countries display stronger growth records; if so
U.S. Agency for International Development
Washington D.C. 1996.
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