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Economic Freedom Promotes Prosperity

Created on January 19, 2012

Economic Freedom Promotes Prosperity

Trend Line

Correlation = 0.65

R2 = 0.42

Each dot represents a nation in the Index of Economic Freedom

GDP per Capita (Purchasing Power Parity)

Overall Score in the 2012 Index of Economic Freedom

Sources: Terry Miller, Kim R. Holmes, and Edwin J. Feulner, 2012 Index of Economic Freedom (Washington, D.C.: The Heritage Foundation and Dow Jones & Company, Inc., 2012), at www.heritage.org/index; World Bank Group, World Development Indicators Online, at http://econ.worldbank.org/WBSITE/EXTERNAL/EXTDEC/0,,menuPK:476823~pagePK: 64165236~piPK:64165141~theSitePK:469372,00.html (November 4, 2011); and International Monetary Fund, World Economic Outlook Databases, at http://www.imf.org/external/ns/cs.aspx?id=28 (November 4, 2011). (November 4, 2011); and International Monetary Fund, World Economic Outlook Databases, at http://www.imf.org/external/ns/cs.aspx?id=28 (November 4, 2011).

heritage.org

Chart 2