Key facts
- Hong Kong has retained its position as the world's freest economy.
- Switzerland has moved up to second place in the rankings.
- Singapore has fallen to third place in the economic freedom rankings.
- The rankings were released by the Fraser Institute.
- The report uses data from 2024 and was compiled by the Vancouver-based think tank.
Hong Kong has maintained its position as the world's freest economy according to the latest annual rankings released by the Fraser Institute. However, the city's score has seen a decline in recent years. Switzerland has advanced to second place, surpassing Singapore, which has now dropped to third.