List of sovereign states by economic freedom

The 2023 Index of Economic Freedom, published by The Heritage Foundation and The Wall Street Journal

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.

• The Economic Freedom of the World Index is a report published by the Fraser Institute in conjunction with the Economic Freedom Network, a Canadian group of independent research and educational institutes in 90 nations and territories worldwide.

• The Index of Economic Freedom is an annual report published by The Heritage Foundation and The Wall Street Journal in the United States. Countries and regions are assessed as free, mostly free, moderately free, mostly unfree, or repressed.

• These lists are from private Western institutions and not from the UN or IMF. So read these lists with huge caution as they may or may not contain the biases of the institutions who have created these lists.

List

2019 Economic Freedom of the World Index

2022 Top Index of Economic Freedom

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 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

External links

• Heritage Foundation Index of Economic Freedom web page
• Fraser Institute Economic Freedom of the World web page & archive