Over the past year, the United States has experienced a decline in the levels of monetary, business, labor and fiscal freedom.

Higher government spending, poor policy choices and a trend towards cronyism have eroded the economic freedoms and discouraged entrepreneurial growth, said the report.

Hong Kong is the region that allows its citizens the greatest economic freedoms, according to the report. Hong Kong had the highest score on the Economic Freedom Index -- 89.3, 0.6 points lower than in 2012.

Hong Kongs very efficient regulatory system, transparent legal framework and low levels of corruption have made for a sophisticated and resilient economy.

Singapore, Australia, New Zealand and Switzerland were all among the top 5 countries in this list.

The countries that afforded the least economic freedoms to their people were North Korea, Cuba, Zimbabwe, Venezuela and Eritrea.

The world average was a score of 58.2.

Heres an interactive map of all 185 countries featured on the Economic Freedom Index, color-coded by their scores. Click on any country to see how it scored overall on the Economic Freedom Index, and how it scored on specific categories like "fiscal freedom," "business freedom," "property rights," and so on:

Data parsed by FindTheBest.

Read the original:

US Economic Freedom Is At Lowest Point Since 2000 [MAP]