The  Philippines continues  to  traverse  an  upwardtrend  of  economic gains, as it climbed 12 notches to reach the 58th spot in The Heritage Foundation’s 2017  Index  of  Economic  Freedom (IEF), from 70th among  all  ranked  countries  the yearbefore.  With  an  overall  score  of 65.6 (up from 63.1 in 2016), the Philippines maintains its stature as a moderately    free    economy—one that provides    an institutional environment  where  individuals,  as  well  as  private enterprises, benefit from at least a modest degree of economic freedom in seeking greater competitiveness, prosperity, and growth.

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Title: Index of Economic Freedom 2017 by the Heritage Foundation
Researcher: John Emmanuel B. Villanueva