Philippines’ rank inches up in Economic Freedom Index

The Philippines edged up a notch to 88th out of 176 countries with an economic freedom status of “mostly unfree” for the second straight year in the 2024 edition of the Index of Economic Freedom by The Heritage Foundation. The country scored 59.0 out of 100, better than the global average of 58.6 and the Asia-Pacific regional average of 57.4.