Page 49 - Profmark Africa Overview 2024

Definitions And Descriptions Of Key
Indicators

Rankings Ease of Doing Business

0-53 Very Easy
54-97 Easy
98-148 Medium
149-190 Below Average
Key Economic Indicators: Indicative figures relating to the most recent available
information. A reference to “est” indicates estimated data.

Sovereign credit rating: Is an evaluation made by a credit rating agency (such as
Moody’s, Standard and Poor’s or Fitch’s) which evaluates the credit worthiness of the
issuer (country or government) of debt. The credit rating is used by individuals and
entities that purchase debt by governments to determine the likelihood that it will pay its
debt obligations.
The Indicator of Economic Freedom Score: For each country this indicator measures
twelve components of economic freedom, (the index year being 2024). The twelve
components are grouped into four broad categories as follows:
▪ Rule of Law (property rights, government integrity and judicial effectiveness);
▪ Government Size (fiscal freedom, government spending and tax burden);
▪ Regulatory Efficiency (business freedom, labour freedom, monetary freedom); and
▪ Open Markets (trade freedom, investment freedom, financial freedom).
Each of the freedoms within these four broad categories is individually scored on a scale
of 0 to 100. A country’s overall score is derived by averaging these twelve economic
freedoms, with equal weight being given to each. The higher the score out of 100,
indicates a country with higher economic freedom.
Tax Rates: Indicative tax rates relating to the current tax year, or the most recent
available information. A reference to N/A means that the tax is not applicable to that
country.
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