The United States is significantly less free economically than it was a year ago, according to the Canada-based think tank Fraser Institute.

Each year, the Fraser Institute releases a report entitled “Economic Freedom of the World,” a ranking of countries around the world by economic freedom. This year’s ranking uses data from 2020 to order countries from most free to least free. The ranking is calculated using numerous factors, including size of government, respect for property rights, freedom to trade, monetary policy, and regulation.