"Economic Freedom of the World" is an annual report that measures the degree of economic freedom in various countries. It evaluates factors such as property rights, government size, and trade freedom, providing a comprehensive index that ranks nations based on their economic policies and practices. The report aims to highlight the importance of economic freedom for prosperity and individual well-being. The index is produced by the Fraser Institute, a Canadian think tank, in collaboration with other organizations. By analyzing data from around the world, the report encourages policymakers to adopt reforms that enhance economic freedom, ultimately fostering growth and improving living standards.