The Index of Economic Freedom is an annual index and ranking created in 1995 by The Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom in the world's nations. The creators of the index assert that they take an approach inspired by Adam Smith's The Wealth of Nations, that "basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society".
Economic freedom, or economic liberty, refers to the agency of people to make economic decisions. This is a term used in economic and policy debates as well as in the philosophy of economics. One approach to economic freedom comes from the liberal tradition emphasizing free markets, free trade, and private property. Another approach to economic freedom extends the welfare economics study of individual choice, with greater economic freedom coming from a larger set of possible choices. Other conceptions of economic freedom include freedom from want and the freedom to engage in collective bargaining.
The Polity data series is a data series in political science research. Along with the V-Dem Democracy indices project and Democracy Index, Polity is among prominent datasets that measure democracy and autocracy.
The following are links to some international rankings of the United States.
Freedom in the World is a yearly survey and report by the U.S.-based non-governmental organization Freedom House that measures the degree of civil liberties and political rights in every nation and significant related and disputed territories around the world.
Economic Freedom of the World is an annual survey published by the Fraser Institute, a Canadian think tank. The survey attempts to measure the degree of economic freedom in the world's nations. It has been used in peer-reviewed studies, some of which have found a range of beneficial effects of more economic freedom.
The ease of doing business index was an index created jointly by Simeon Djankov, Michael Klein, and Caralee McLiesh, three leading economists at the World Bank Group, following the release of World Development Report 2002. The academic research for the report was done jointly with professors Edward Glaeser, Oliver Hart, and Andrei Shleifer. Though the first report was authored by Djankov, Klein, and McLiesh, and they continue to be listed as "founders" of the report, some sources attribute the genesis of the idea to Djankov and Gerhard Pohl. Higher rankings indicated better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the economic growth effect of improving these regulations is strong. Other researchers find that the distance-to-frontier measure introduced in 2016 after a decision of the World Bank board is not correlated with subsequent economic growth or investment.
The State of World Liberty Index was a ranking of countries according to the degree of economic and personal freedoms that their citizens enjoy. It was a compilation of several similar indices created by other organizations. The index's original author Nick Wilson defined freedom as "the ability for the individual to live their lives as they choose, as long as they do not infringe on the rights of others to do the same."
Global Peace Index (GPI) is a report produced by the Institute for Economics & Peace (IEP) which measures the relative position of nations' and regions' peacefulness. The GPI ranks 163 independent states and territories according to their levels of peacefulness. In the past decade, the GPI has presented trends of increased global violence and less peacefulness.
A number of indicators of economic freedom are available for review. They differ in the methods by which they have been constructed, the purposes to which they have been put, and the conception of economic freedom they embody.
From 2004 to 2014, the Cingranelli-Richards (CIRI) Human Rights Data Project annually rated the level of government respect for a variety of internationally recognized human rights. The final CIRI data set contains quantitative indicators of 15 human rights for 195 countries, annually from 1981 to 2011. The CIRI data were used in over 170 countries by scholars, students, policymakers, and analysts representing over 400 organizations. CIRI's founders and co-directors were political scientists David Cingranelli at Binghamton University, SUNY and David L. Richards at the University of Connecticut. K. Chad Clay at the University of Georgia joined as third co-director in 2013.
The Ibrahim Index of African Governance (IIAG), established in 2007, provides an assessment of the quality of governance in African countries. The IIAG is compiled by 81 indicators and 265 variables from 54 data projects, coming from 47 independent African and international data sources. Published every two years, the IIAG is one of the world’s most comprehensive collections of data on African governance.
Canada ranks among the highest in international measurements of government transparency, civil liberties, quality of life, economic freedom, education levels, gender equality, public services, public security and environmental sustainability. It ranks among the lowest of the most developed countries for housing affordability, healthcare services and foreign direct investment.
These are the international rankings of Latvia.
The Index of Freedom in the World is an index of civil liberties published in late 2012 by Canada's Fraser Institute, Germany's Liberales Institut, and the U.S. Cato Institute. The index is the predecessor of the Human Freedom Index, which has been published annually since 2015. The coauthors of both indexes are Ian Vásquez and Tanja Porčnik.
Democracy in Africa is measured according to various definitions of democracy by a variety of indexes, such as V-Dem Democracy indices, and Democracy Index by The Economist.
The V-Dem Institute, founded by Staffan I. Lindberg in 2014, studies the qualities of government. The headquarters of the project is based at the department of political science, University of Gothenburg, Sweden.
The Democracy Indices by V-Dem are democracy indices published by the V-Dem Institute that describe qualities of different democracies. This dataset is published on an annual basis and is publicly available and free. In particular, the V-Dem dataset is popular among political scientists and describes the characteristics of political regimes worldwide. In total, datasets released by the V-Dem Institute include information on hundreds of indicator variables describing all aspects of government, especially on the quality of democracy, inclusivity, and other economic indicators. An R package automatically bundles new data.
Democracy indices are quantitative and comparative assessments of the state of democracy for different countries according to various definitions of democracy.
Country ratings from Freedom in the World 2021 by Freedom House
Press freedom in 2023, according to Reporters Without Borders
The Economist Democracy Index in 2022 by the Economist Intelligence Unit
