The Heritage Foundation has released the 2016 Index of Economic Freedom. This year’s Index shows that the United States, once again, finds itself outside the top 10 free economies of the world -- tying its all-time low score.
The complete top 10 rankings can be seen below along with other key facts relating to the Index:
· The U.S. fell in rank to a second-tier "mostly free" economy in 2010.
· The U.S. has declined in status 8 of the last 10 years.
· The U.S. economy continues to underperform despite a private sector-led energy boom that has made the U.S. the world's largest producer of oil and natural gas.
· The Index scores 178 countries and only 5 earned "free" economic status this year.
· 4 of the world's top 10 economies are located in the Asia-Pacific region.