20.02.2015.

Serbia’s Progress in Monetary Freedom on the Index of Economic Freedom

Serbia’s score in monetary freedom rose by 5.3, to 72.2 points according to the 2015 Index of Economic Freedom, an annual guide published by The Wall Street Journal and The Heritage Foundation regarded as Washington’s No 1 think tank.

Overall, Serbia’s economic freedom score is 60, making оur economy the 90th freest in the 2015 Index covering 178 countries. The score is up by 0.6 points from last year, reflecting improvements in five of the ten economic freedoms, including monetary freedom, freedom from corruption, property rights, trade freedom and labour freedom. 

Having made substantive institutional improvements in its transition to a more market-driven economy, Serbia has moved from the “mostly unfree” to the “moderately free” category. Its transition to a more open and dynamic market economy will continue to require a sustained commitment to deep institutional and structural reforms.

Monetary freedom combines a measure of price stability with an assessment of price controls. The score for monetary freedom is based on two factors: the weighted average inflation rate for the most recent three years and price controls. The primary input for this year’s score in monetary freedom was the average inflation rate in the period 1 January 2011 to 31 December 2013.

Governor`s Office