New Zealand, one of the most prosperous economies comes at the fifth position with an economic freedom score of 82.
The economic liberalisation in the 1980s and 1990s had deregulated its economy.
New Zealand's economy gets its boost from the agricultural sector, a strong manufacturing base and booming tourist industry.
Starting a business is very easy here, it just takes a day! Inflation is at 2.7 per cent between 2005 and 2007. However, New Zealand has high tax rates.
GDP (PPP): $106.8 billion
Image: The New Zealand Stock Exchange, located on the 9th floor of the ASB Tower in Wellington. | Photograph: Str Old/Reuters
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