List of sovereign states by economic freedom

Last updated October 30, 2024

This article includes a partial list of countries by economic freedom that shows the top 50 highest ranking countries and regions from two reports on economic freedom.

List

2019 Economic Freedom of the World Index ^[4]

2022 Top Index of Economic Freedom ^[5]

Rank	Country	Score	Change
1	Hong Kong	90.2	0
2	Singapore	89.4	0.6
3	New Zealand	84.4	0.2
4	Switzerland	81.9	0.2
5	Australia	80.9	0
6	Ireland	80.5	0.1
7	United Kingdom	78.9	0.9
8	Canada	77.7	0
9	United Arab Emirates	77.1	0
10	Taiwan	77.3	0.7
11	Iceland	77.1	0.1
12	United States	76.8	1.1
13	Netherlands	76.8	0.6
14	Denmark	76.7	0.1
15	Estonia	76.6	2.2
16	Georgia	75.9	0.3
17	Luxembourg	75.9	0.5
18	Chile	75.4	0.2
19	Sweden	75.2	1.1
20	Finland	74.9	0.8
21	Lithuania	74.2	1.1
22	Malaysia	74	0.5
23	Czech Republic	73.7	0.5
24	Germany	73.5	0.7
25	Mauritius	73	2.1
26	Norway	73	1.3
27	Israel	72.8	0.6
28	Qatar	72.6	0
29	South Korea	72.3	1.5
30	Japan	72.1	0.2
31	Austria	72	0.2
32	Rwanda	71.1	2
33	North Macedonia	71.1	0.2
34	Macau	71	0.1
35	Latvia	70.4	3.2
36	Botswana	69.5	0.4
37	Bulgaria	69	0.7
38	Saint Lucia	68.7	1.1
39	Jamaica	68.6	0.5
40	Uruguay	68.6	0.6
41	Malta	68.6	0.1
42	Romania	68.6	0.8
43	Thailand	68.3	1.2
44	Cyprus	68.1	0.3
45	Peru	67.8	0.9
46	Poland	67.8	0.7
47	Armenia	67.7	1
48	Belgium	67.3	0.2
49	Colombia	67.3	1.6
50	Panama	67.2	0.2
51	Kosovo	67	0.4
52	Albania	66.5	2
53	Jordan	66.5	1.6
54	Bahrain	66.4	1.3
55	Saint Vincent and the Grenadines	65.8	1.9
56	Indonesia	65.8	1.6
57	Spain	65.7	0.6
58	Slovenia	65.5	0.7
59	Kazakhstan	65.4	3.7
60	Azerbaijan	65.4	1.1
61	Costa Rica	65.3	0.3
62	Portugal	65.3	1.9
63	Brunei Darussalam	65.1	0.9
64	Hungary	65	1.7
65	Slovakia	65	0.3
66	Mexico	64.7	0.1
67	Barbados	64.7	7.7
68	Turkey	64.6	0.8
69	Serbia	63.9	1.4
70	Philippines	63.8	1.2
71	France	63.8	0.1
72	Dominica	63.6	0.9
73	Cabo Verde	63.1	3.1
74	Bhutan	62.9	1.1
75	Morocco	62.9	1
76	The Bahamas	62.9	0.4
77	Guatemala	62.6	0.8
78	Côte d'Ivoire	62.4	0.4
79	Kyrgyz Republic	62.3	0.5
80	Italy	62.2	0.3
81	Fiji	62.2	0.2
82	Samoa	62.2	0.7
83	Bosnia and Herzegovina	61.9	0.5
84	El Salvador	61.8	1.4
85	Paraguay	61.8	0.3
86	Croatia	61.4	0.4
87	Seychelles	61.4	0.2
88	Oman	61	0
89	Dominican Republic	61	0.6
90	Kuwait	60.8	1.4
91	Saudi Arabia	60.7	1.1
92	Montenegro	60.5	3.8
93	Honduras	60.2	0.4
94	Tanzania	60.2	0.3
95	Uganda	59.7	2.3
96	Burkina Faso	59.4	0.6
97	Moldova	59.1	0.7
98	Russia	58.9	0.7
99	Namibia	58.7	0.2
100	China	58.4	0.6
101	Papua New Guinea	58.4	2.7
102	South Africa	58.3	4.7
103	Mali	58.1	0.5
104	Belarus	57.9	0.2
105	Cambodia	57.8	0.9
106	Greece	57.7	0.4
107	Nicaragua	57.7	1.2
108	Tonga	57.7	5.4
109	Ghana	57.5	1.5
110	Laos	57.4	3.8
111	Nigeria	57.3	1.2
112	Trinidad and Tobago	57	0.7
113	Guyana	56.8	1.9
114	Madagascar	56.6	0.2
115	Sri Lanka	56.4	1.4
116	Vanuatu	56.4	13.1
117	Senegal	56.3	0.6
118	Gabon	56.3	1.7
119	Mauritania	55.7	1.7
120	Guinea	55.7	3.5
121	Bangladesh	55.6	0.5
122	Tajikistan	55.6	2.7
123	Belize	55.4	1.7
124	Comoros	55.4	0.8
125	Tunisia	55.4	3.5
126	Mongolia	55.4	0.3
127	Benin	55.3	1.4
128	Vietnam	55.3	2.2
129	India	55.2	0.7
130	Kenya	55.1	0.4
131	Pakistan	55	0.6
132	Eswatini	54.7	1.2
133	Solomon Islands	54.6	2.9
134	São Tomé and Príncipe	54	0.4
135	Guinea-Bissau	54	2.9
136	Nepal	53.8	0.3
137	Ethiopia	53.6	0.8
138	Zambia	53.6	0.7
139	Myanmar	53.6	0.3
140	Uzbekistan	53.3	1.8
141	Maldives	53.2	2.1
142	Lesotho	53.1	0.8
143	Haiti	52.7	3.1
144	Egypt	52.5	0.9
145	Cameroon	52.4	0.5
146	The Gambia	52.4	0.1
147	Ukraine	52.3	0.4
148	Argentina	52.2	0.1
149	Micronesia	51.9	0.4
150	Brazil	51.9	0.5
151	Niger	51.6	2.1
152	Afghanistan	51.5	0.2
153	Malawi	51.4	0.6
154	Lebanon	51.1	2.1
155	Iran	51.1	0.2
156	Angola	50.6	2
157	Democratic Republic of Congo	50.3	1.8
158	Togo	50.3	2.5
159	Chad	49.9	0.6
160	Liberia	49.7	1.2
161	Central African Republic	49.1	0.1
162	Burundi	48.9	2
163	Mozambique	48.6	2.3
164	Turkmenistan	48.4	1.3
165	Suriname	48.1	0
166	Sudan	47.7	1.7
167	Sierra Leone	47.5	4.3
168	Kiribati	47.3	3.5
169	Djibouti	47.1	2
170	Ecuador	46.9	1.6
171	Algeria	46.2	1.5
172	Timor-Leste	44.2	3.9
173	Bolivia	42.3	1.8
174	Equatorial Guinea	41	1
175	Zimbabwe	40.4	3.6
176	Republic of Congo	39.7	0.8
177	Eritrea	38.9	2.8
178	Cuba	27.8	4.1
179	Venezuela	25.9	0.7
180	North Korea	5.9	0.1

Key: ██ Free (80–100)██ Mostly Free (70–79.9)██ Moderately Free (60–69.9)██ Mostly Unfree (50–59.9)██ Repressed (0–49.9)

Economic Freedom Index^[6]
Country	Rank	Score	Change
Singapore	1	84.4	5.3
Switzerland	2	84.2	2.3
Ireland	3	82.0	0.6
New Zealand	4	80.6	3.3
Luxembourg	5	80.6	4.6
Taiwan	6	80.1	1.5
Estonia	7	80.0	1.8
Netherlands	8	79.5	2.7
Finland	9	78.3	2.2
Denmark	10	78.0	0.2
Sweden	11	77.9	3.2
Australia	12	77.7	4.7
Iceland	13	77.0	0.4
Norway	14	76.9	3.5
Canada	15	76.6	1.3
Germany	16	76.1	3.6
Lithuania	17	75.8	1.1
Latvia	18	74.8	2.5
South Korea	19	74.6	0.6
Chile	20	74.4	0.8
Czech Republic	21	74.4	0.6
Austria	22	73.8	0.1
Cyprus	23	72.9	1.5
United Kingdom	24	72.7	5.7
United States	25	72.1	2.7
Georgia	26	71.8	5.4
Malta	27	71.5	1.3
Barbados	28	71.3	6.3
Bulgaria	29	71.0	0.6
Mauritius	30	70.9	6.1
Portugal	31	70.8	3.3
Slovenia	32	70.5	2.2
United Arab Emirates	33	70.2	6.7
Uruguay	34	70.0	0.7
Japan	35	69.9	4.2
Slovakia	36	69.7	3.4
Belgium	37	69.6	0.5
The Bahamas	38	68.7	4.1
Poland	39	68.7	1.0
Samoa	40	68.3	6.4
Spain	41	68.2	1.7
Malaysia	42	68.1	6.3
Israel	43	68.0	5.8
Qatar	44	67.7	4.3
Croatia	45	67.6	4.0
Jamaica	46	67.4	1.6
Romania	47	67.1	2.4
Hungary	48	66.9	0.3
Cabo Verde	49	66.7	2.9
Albania	50	66.6	1.4
Peru	51	66.5	1.2
France	52	65.9	0.2
North Macedonia	53	65.7	2.9
Saint Vincent and the Grenadines	54	65.7	0.6
Costa Rica	55	65.4	1.2
Panama	56	65.4	0.8
Italy	57	65.4	0.5
Armenia	58	65.3	6.6
Serbia	59	65.2	2.0
Colombia	60	65.1	3.0
Botswana	61	64.8	2.8
Brunei Darussalam	62	64.8	1.8
Indonesia	63	64.4	2.5
Kazakhstan	64	64.4	6.7
Saint Lucia	65	64.3	3.2
Mongolia	66	63.9	1.5
Mexico	67	63.7	1.8
Bosnia and Herzegovina	68	63.4	0.5
Guatemala	69	63.2	0.8
Thailand	70	63.2	6.5
Dominican Republic	71	63.0	0.9
Vanuatu	72	62.9	2.4
Paraguay	73	62.9	0.3
Bahrain	74	62.0	7.9
Azerbaijan	75	61.6	8.5
Ivory Coast	76	61.6	0.1
Greece	77	61.5	0.6
Moldova	78	61.3	1.2
Seychelles	79	61.1	5.2
Philippines	80	61.1	3.0
Benin	81	61.0	1.4
Micronesia	82	61.0	10.6
Tonga	83	60.8	3.3
Vietnam	84	60.6	1.1
São Tomé and Príncipe	85	60.3	4.4
Kosovo	86	60.1	6.4
Jordan	87	60.1	4.5
Senegal	88	60.0	2.0
Ghana	89	59.8	0.6
El Salvador	90	59.6	1.4
Guyana	91	59.5	2.1
Honduras	92	59.5	0.3
Tanzania	93	59.5	1.8
Bhutan	94	59.3	1.0
Namibia	95	59.2	3.4
Kiribati	96	59.2	14.8
Morocco	97	59.2	4.1
Madagascar	98	58.9	1.2
Trinidad and Tobago	99	58.8	0.2
Burkina Faso	100	58.3	1.8
Kuwait	101	58.3	5.8
The Gambia	102	58.0	0.8
Montenegro	103	57.8	5.6
Togo	104	57.2	0.3
Rwanda	105	57.1	11.2
Cambodia	106	57.1	0.2
Turkey	107	56.9	7.1
Oman	108	56.6	8.0
Belize	109	56.6	0.9
Solomon Islands	110	56.5	0.0
Fiji	111	56.4	5.8
South Africa	112	56.2	3.5
Russia	113	56.1	5.4
Mali	114	55.9	0.3
Gabon	115	55.8	2.3
Kyrgyzstan	116	55.8	7.9
Uzbekistan	117	55.7	2.6
Saudi Arabia	118	55.5	10.5
Mauritania	119	55.3	0.8
Djibouti	120	55.3	0.9
Niger	121	54.9	2.4
Nicaragua	122	54.8	1.5
Papua New Guinea	123	54.6	4.3
Nigeria	124	54.4	4.3
Dominica	125	54.4	1.4
Ecuador	126	54.3	1.9
Uganda	127	54.2	4.4
Tunisia	128	54.2	2.4
Guinea	129	54.2	2.3
Ukraine	130	54.1	2.1
India	131	53.9	2.6
Sri Lanka	132	53.3	2.4
Brazil	133	53.3	0.1
Malawi	134	53.0	0.0
Belarus	135	53.0	8.0
Cameroon	136	52.9	0.5
Bangladesh	137	52.7	3.8
Kenya	138	52.6	2.3
Angola	139	52.6	1.6
Sierra Leone	140	52.0	0.3
Eswatini	141	51.4	3.7
Mozambique	142	51.3	0.3
Comoros	143	50.4	5.3
Argentina	144	50.1	2.6
Haiti	145	50.0	0.8
Chad	146	49.8	0.6
Tajikistan	147	49.7	5.5
Nepal	148	49.7	1.0
Myanmar	149	49.6	5.6
Ethiopia	150	49.6	2.1
Laos	151	49.2	4.7
Egypt	152	49.1	6.6
Pakistan	153	48.8	2.9
Zambia	154	48.7	1.7
Republic of the Congo	155	48.5	2.2
Suriname	156	48.1	1.7
Lesotho	157	48.1	5.4
China	158	48.0	10.4
Liberia	159	47.9	1.3
Congo-Kinshasa	160	47.6	1.4
Maldives	161	47.3	7.9
Lebanon	162	47.3	4.1
Equatorial Guinea	163	47.2	2.0
Timor-Leste	164	46.3	1.6
Turkmenistan	165	46.2	1.2
Guinea-Bissau	166	46.0	8.9
Algeria	167	45.8	3.9
Central African Republic	168	45.7	3.1
Bolivia	169	43.0	0.3
Iran	170	42.4	4.8
Eritrea	171	39.7	2.6
Burundi	172	39.4	10.5
Zimbabwe	173	33.1	6.4
Sudan	174	32.0	7.1
Cuba	175	29.5	1.4
Venezuela	176	24.8	0.1
North Korea	177	3.0	2.2

Not ranked

Afghanistan
Andorra
Antigua and Barbuda
Grenada
Hong Kong (Since 2021, counted in PR China)
Iraq
Libya
Liechtenstein
Macau (Since 2021, counted in PR China)
Marshall Islands
Monaco
Nauru
Palau
Saint Kitts and Nevis
San Marino
Somalia
South Sudan
Syria
Tuvalu
Vatican City
Yemen

Related Research Articles

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".

The Fraser Institute is a libertarian-conservative Canadian public policy think tank and registered charity. It is headquartered in Vancouver, with additional offices in Calgary, Toronto, and Montreal. It has links to think tanks worldwide through the Economic Freedom Network and is a member of the free-market Atlas Network.

Statistics in the European Union are collected by Eurostat.

The following are links to some international rankings of the United States.

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 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."

The following are international rankings of Malaysia.

The following is a list of international rankings of the Azerbaijan:

The following are international rankings of Argentina:

This is a list of key international rankings of Costa Rica

The following is a list of international rankings of Greece.

This is a list of Australia's international rankings on a range of social, economic and other criteria.

Canada ranks among the highest in international measurements of human rights, civil liberties, quality of life, 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.

There are the international rankings of Ghana.

The following is a list of international rankings of Belarus.

These are the international rankings of Latvia.

Here is a list of international rankings of Denmark, in terms of Economic, Environmental, Military, Political, and Social aspects.

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.

North Korea ranks as the third least democratic country in the world in the Economist Intelligence Unit's Democracy Index, while The Heritage Foundation and The Wall Street Journal's Index of Economic Freedom places the country as the one with least economic freedom. According to the Press Freedom Index, North Korea has the fourth least free press in the world.

References

↑ Heritage - Country/Region Rankings
↑ Economic Freedom of the World: 2017 Annual Report
↑ 2021 Index of Economic Freedom of the World
↑ "Economic Freedom Ranking 2019". fraserinstitute.org. 22 December 2016. Retrieved 2022-03-19.
↑ "Country Rankings: World & Global Economy Rankings on Economic Freedom". www.heritage.org. Retrieved 2022-04-04.
↑ "Country Rankings: World & Global Economy Rankings on Economic Freedom". www.heritage.org.

External links

This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.

[Heritage_-_Country/_Region_Rankings-1] Heritage - Country/Region Rankings

[EFWI-2013-2] Economic Freedom of the World: 2017 Annual Report

[IEF-2014-3] 2021 Index of Economic Freedom of the World

[4] "Economic Freedom Ranking 2019". fraserinstitute.org. 22 December 2016. Retrieved 2022-03-19.

[Heritage_-_Country_Rankings-5] "Country Rankings: World & Global Economy Rankings on Economic Freedom". www.heritage.org. Retrieved 2022-04-04.

[6] "Country Rankings: World & Global Economy Rankings on Economic Freedom". www.heritage.org.

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