Ecuador dramatically rose in rank in the 2020 edition of The Heritage Foundation’s annual Index of Economic Freedom. With an economic freedom score of 51.3 out of 100, it is the freest it has been in a decade.
While the country’s economy is still considered mostly unfree, its recent progress is good news for centrist President Lenín Moreno, who has been in power since 2017.
Nevertheless, the ongoing pandemic is having a devastating impact on the economy.
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