Economic Liberalisation Index

[Republic of Turbin]

Gross domestic product per capita (nominal): 2,400,000,000,000,000 est.
Government expenditure as percentage of GDP: 125%
Percentage of GDP minus government expenditure attributed to state-owned enterprises:
2,400,000,000,000,000
Does the reserve bank control interest rates?: Yes
Are commercial banks and financial services companies owned by the state, and if so are private establishments permitted?:Yes,Yes
Does the state set price controls for certain goods?: Yes,limited

How strict are environmental regulations on industries?: Restriction on environment are limited to: Anything that may interfere or harm a human.Anything that may reduce the quality of a city or homes (ie: Deafening noises,Poor airquality from industry etc.).Certain materials that are unsafe or toxic may be banned or restricted aswell

How strict are labour regulations on working conditions?: Decent
What types of professions require a state-issued vocational license? How strict are vocational licensing laws?:
What is the minimum hourly wage? (nominal): 13.54

What is the mean weighted tariff rate on imported goods?:2.5

[Reuku]

Gross domestic product per capita (nominal): 79,090 kroner per capita
Government expenditure as a percentage of GDP: 60%
Percentage of GDP minus government expenditure attributed to state-owned enterprises: 35%
Does the reserve bank control interest rates: Yes
Are commercial banks and financial services owned by the state: Yes, all of them are
And, if so, are private establishments permitted: No, they are not
Does the state set price controls for certain goods: Yes, for healthcare and medicine, water, food, and other things
How strict are the environment regulations on industries: They are fairly strict; no carbon may be emitted by anyone, for instance
How strict are labour regulations on working conditions: They are fairly strict, the maximum workweek is 30 hours, workers get 15-minute breaks for every 45 minutes of work, etc.
What types of professions require a state-issued vocational license: All professions, since all licenses are given by the government at academies and state schools, including non-vocational licenses
How strict are vocational licensing laws: Fairly strict, one needs a minimum of three years to obtain a vocational certification
What is the minimum hourly wage (Nominal): 15.25 kroner per hour, adjusted annually for inflation and national cost-of-living
What is the mean tariff on imported goods: 16.3%

[Mastralos]

Gross domestic product per capita (nominal): $28,275
Government expenditure as percentage of GDP: 20.5%
Percentage of GDP minus government expenditure attributed to state-owned enterprises: About 3.0% of GDP is attributed to SOEs.

Does the reserve bank control interest rates?: Yes, independently.
Are commercial banks and financial services companies owned by the state, and if so are private establishments permitted?: No, these services are not state-owned.
Does the state set price controls for certain goods?: No, not under normal circumstances. War or emergency situations may require a different policy.

How strict are environmental regulations on industries?: Not terribly strict, but not lax either. Appropriate environmental regulations are comparable to most developed countries.

How strict are labour regulations on working conditions?: Moderate, but not excessive. Labourers are entitled to a safe work environment and should expect to go home in one piece at the end of the day.
What types of professions require a state-issued vocational license? How strict are vocational licensing laws?: Healthcare, education, and certain transportation services require state-issued licenses. Some self-regulating industries require vocational licenses that are not state-issued (for example: chartered accountants, journalists, insurance adjusters, etc.)
What is the minimum hourly wage? (nominal): Approximately $6.50 an hour.

What is the mean weighted tariff rate on imported goods?: 0.88%

[Old Northwest]

Gross domestic product per capita (nominal): $4,692.95
Government expenditure as percentage of GDP: 69.59%
Percentage of GDP minus government expenditure attributed to state-owned enterprises: 63%

Does the reserve bank control interest rates?: Yes.
Are commercial banks and financial services companies owned by the state, and if so are private establishments permitted?: State. No.
Does the state set price controls for certain goods?: Yes.

How strict are environmental regulations on industries?: Very. The beef industry is extremely discouraged.

How strict are labour regulations on working conditions?: Very. The industries are either run by the state or the workers.
What types of professions require a state-issued vocational license? How strict are vocational licensing laws?: Not many, but education is free.
What is the minimum hourly wage? (nominal): There is none. It's not a wage, it's based on how much and hard the labor is.

[Germerica Republic]

Gross domestic product per capita (nominal): $199.24
Government expenditure as percentage of GDP: 12.8%
Percentage of GDP minus government expenditure attributed to state-owned enterprises: 87%

Does the reserve bank control interest rates?: Yes, through open market operations
Are commercial banks and financial services companies owned by the state, and if so are private establishments permitted?: No
Does the state set price controls for certain goods?: Yes, very limited

How strict are environmental regulations on industries?: Few regulations, only on things that will cause harm or interference with humans or human day to day life, also if practices will harm endangered species

How strict are labour regulations on working conditions?: few but strict
What types of professions require a state-issued vocational license? How strict are vocational licensing laws?: alcohol, public entertainment, cinemas, theatres, late night refreshment houses and night cafes. Self-regulating industries may require vocational licensing.
What is the minimum hourly wage? (nominal): none

What is the mean weighted tariff rate on imported goods?: 5%

[World Finance]

Updated with the results of 23 nations.