The Economic Freedom of the World: 2017 Annual Report is the world’s premier measurement of economic freedom, ranking countries based on five areas: size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally, and regulation of credit, labour and business. This year’s report compares 159 countries and territories. In this year’s ranking, which is based on 2015 data, Hong Kong is again number one, Canada dropped to 11th from the 5th spot last year and is tied with the United States.