Source: Own calculations based on data from EBRD annual Transition Reports
Note: The aggregate is the average of scores ranging between 1 (no liberalization) and 4.5 (liberalization at the levels of highly developed market economies) for prices, foreign trade and exchange rate regime and small privatization. It has been normalized with 1=0 and 4.5=100; (2) SEE-4 include Albania, Bosnia and Herzegovina, Macedonia, and Serbia and Montenegro
Note: The aggregate is the average of scores ranging between 1 (no liberalization) and 4.5 (liberalization at the levels of highly developed market economies) for prices, foreign trade and exchange rate regime and small privatization. It has been normalized with 1=0 and 4.5=100; (2) SEE-4 include Albania, Bosnia and Herzegovina, Macedonia, and Serbia and Montenegro