Germany’s economic freedom score is 73.8, making its economy the 16th freest in the 2015 Index. Its overall score is up by 0.4 point from last year, with improvements in the management of public spending and labor freedom outweighing declines in freedom from corruption and business freedom. Germany is ranked 7th out of 43 countries in the Europe region, and its score exceeds the world and regional averages. Germany has achieved its highest score ever in the 2015 Index. Since 2011, a 2.0-point increase in economic freedom has been led by marked improvements in labor freedom and in policy areas related to market openness. Overall, economic freedom has increased in five of the 10 measured categories.
Germany’s judicial system, independent and free of corruption, enforces contracts reliably. Openness to global trade and investment has enabled Germany to become one of the world’s most competitive and flexible economies. The government has held firm to policies emphasizing sound public finance, keeping spending under control through deficit-cutting measures. In response to changing economic conditions, employers and workers have worked to adjust wages and work hours.
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