May 28, 2007

Bolivia's Economic Freedom

MABB © ®

According to the Heritage Foundation's Index of Economic Freedom, Bolivia has a 55% free economy. This means "Bolivia rates highly in fiscal freedom and solidly in freedom from government and monetary freedom. A very low income tax rate and moderately low corporate tax rate give it an enviable fiscal freedom score. Its freedom from government rating is also relatively positive despite a large amount of government spending. Inflation is not high, although prices are unstable and the government imposes de facto price controls on most utilities."

The foundation's assessment covers business, trade, fiscal, monetary, investment, financial and government, plus property rights, corruption and labor freedom. The trend though, is down.