Minnesota ranks in the bottom half in the Index of Personal and Economic Freedoms.
– Fiscal Policy Ranking #35
– Regulatory Policy Ranking #30
– Economic Freedom Ranking #31
– Personal Freedom Ranking #31
– Overall Freedom Ranking #35
In order to calculate the Economic Freedom Index, the source takes 12 different factors into account, including the rule of law, government size, regulatory efficiency, and open markets. All 12 factors are rated on a scale of zero to 100 and are weighted equally.