Being placed with China and Nigeria, Slovenia continues to hold the worst placement among EU countries as well as among the former Yugoslav republics.

The only country faring worse in Europe is Ukraine, which ranks 124th.

Based on the data and situation in the country in 2013, Slovenia this year got 6.44 out of 10 points, just like China and Nigeria. The trio is placed behind Bolivia, Morocco and Vietnam and ahead of India, Azerbaijan, Brazil, Cameroon and Egypt.

Slovenia got the lowest scores for the size of its public administration and the amount of regulation, where it ranked 147th and 141th among 152 countries, respectively.

It did slightly better in international trade freedom (78th), currency stability (77th) and legal system (55th).

This year's list is again topped by Hong Kong (8.97 points), followed by Singapore and New Zealand, while Venezuela, Congo and Libya are at the very bottom.

North Korea and Cuba were not included in the survey.

The list is compiled by a network of independent institutions. The section on Slovenia was made by Visio institut, an offshoot of free-market association Svetilnik, which was in charge of the project in Slovenia so far.

Slovenia also lost 14 spots to place 88th among 178 countries in the 2015 index of economic freedom put together by the Heritage Foundation and the Wall Street Journal each year.