Taiwan ranks 6th in the world and 3rd in Asia Pacific in terms of economic freedom for the first time

According to the "global economic freedom index" released by the American think tank Heritage Foundation on the February 14, Taiwan ranks 6^th among 184 economies in the world and 3^rd in the Asia-Pacific region, with scores 20 points higher than the global and regional averages.

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Taiwan ranks 6^th in the world and 3^rd in Asia Pacific. (Photo / Retrieved from Heritage Foundation)

According to the report, the top 10 were Singapore, Switzerland, Ireland, New Zealand, Luxembourg, Taiwan, Estonia, the Netherlands, Finland, and Denmark.

In the Asia-Pacific region, Taiwan ranks third, and many of the region's robust economies, including South Korea, Japan, and China, are not as well-ranked as Taiwan. Among them, South Korea, ranked 19th in the world, belongs to the "Mostly free" rating, and Japan, ranked 35th, is classified as "Moderately free" (Moderately free).

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Taiwan has been one of the few countries in the world with sustained economic growth. (Photo / Retrieved from Pixabay)

The report pointed out that during the past five years, Taiwan has been one of the few countries in the world with sustained economic growth, and the degree of economic freedom has also increased significantly.