Total Government Expenditures

Economic Freedom Rating

As a Percent of GDP

Part 1: The Economic Freedom Ratings for the Components and Various Area and

Summary Indexes: 1975, 1980, 1985, 1990 and 1995.

(The numbers in parentheses indicate the actual values for the components.)

Components of Economic Freedom

1975

1980

1985

1990

1993-95

I. Money and Inflation

4.3

4.6

0.0

3.9

4.3

15.7

(a) Annual Money Growth (last 5 yrs.)

1

(26.3)

1

(25.2)

0

(570.0)

1

(37.3)

1

(28.5)

1

(b) Inflation Variablity (last 5 yrs.)

1

(21.0)

2

(11.0)

0

(4349.2)

0

(91.2)

1

(16.9)

1

(c) Ownership of Foreign Currency

10

10

0

10

10

1

(d) Maint. of Bank Account Abroad

10

10

0

10

10

1

II. Government Operation

5.5

5.2

4.3

6.0

5.9

34.6

(a) Gov't Consump. (% of Total Consump.)

7

(15.1)

6

(17.4)

7

(14.6)

7

(15.5)

7

(15.5)

1

(b) Government Enterprises

4

4

4

4

4

1

(c) Price Controls

-

-

-

6

8

1

(d) Entry Into Business

-

-

-

-

7.5

1

(e) Legal System

-

-

-

-

0.0

1

(f) Avoidance of Neg. Interest Rates

-

6

0

8

8

1

III. Takings

7.5

5.0

7.3

7.9

7.9

27.2

(a) Transfers and Subsidies (% of GDP)

10

(1.3)

9

(1.6)

9

(1.8)

8

(2.8)

8

(2.5)

1

(b) Marginal Tax Rates (Top Rate)

-

3

(48)

8

(30)

10

(10)

10

(13)

1

(c) Conscription

0

0

0

0

0

1

IV. International Sector

4.2

3.0

3.4

5.4

6.7

23.6

(a) Taxes on International Trade (Avg.)

2

(8.9)

3

(7.8)

4

(7.0)

8

(2.3)

8

(2.1)

1

(b) Black Market Exchange Rates (Prem.)

6

(5)

4

(22)

5

(9)

6

(3)

8

(1)

1

(c) Size of Trade Sector (% of GDP)

8

(29.1)

3

(18.8)

2

(15.1)

5

(23.4)

5

(24.7)

1

(d) Capital Transactions with Foreigners

2

2

2

2

5

1

Economic Freedom Rating

5.2

4.4

4.2

6.1

6.4

Ranking of Country

20

40

55

22

25

Part 2: Recent Economic Indicators

Population 1996:

8.8

Real Per Capita GDP

:

1996 =

$2,544

(in millions)

(in 1995 U.S. dollars)

Annual Rate of Change (1985-96):

2.9%

Avg. Growth Rate:

1980-90=

-2.7%

1990-96=

1.2%

Economic Indicators:*

1988

1989

1990

1991

1992

1993

1994

1995

1996

Change in Real GDP: Aggregate

3.0

2.8

4.1

5.3

1.6

4.7

5.0

3.7

4.0

: Per Capita

0.1

-0.1

1.2

2.4

-1.3

1.8

2.1

0.8

1.1

Inflation Rate (CPI)

16.0

15.2

17.1

21.4

12.1

8.5

7.9

10.2

13.1

Change in Money Supply: (M1)

35.3

2.4

39.5

45.1

32.9

30.0

29.3

21.2

20.6

: (M2)

28.6

22.2

52.8

50.5

34.5

33.7

24.2

7.7

-

Investment/GDP Ratio

14.0

13.0

12.5

15.6

16.7

17.6

16.5

19.5

-

Size of Trade Sector (% of GDP)

18.0

21.0

23.4

24.2

24.6

24.7

25.3

24.7

-

Total Gov't Exp/GDP Ratio

14.1

15.2

18.0

18.5

22.2

25.2

24.5

-

-

Central Government Budget

Deficit (-) or Surplus (+)

As a Percent of GDP

-0.6

-1.2

-1.5

-0.1

-1.8

-

-

-

-

Unemployment Rate

18.0

20.0

19.0

-

-

-

-

-

-

* The figures in this table are in percent form.