Index of Economic Freedom

An overall heatmap from the 2023 Index of Economic Freedom, published by The Heritage Foundation and The Wall Street Journal: Template:Legend Template:Legend Template:Legend Template:Legend Template:Legend

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".<ref>Template:Cite news</ref><ref name="freedom">Template:Cite news</ref>Template:Page needed

Purpose

Template:Further The Heritage Foundation's Index of Economic Freedom states that, "Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please. In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself."<ref>Template:Cite web</ref> By publishing the Index annually, the foundation attempts to highlight where such freedoms do and do not exist.

The Heritage Foundation reports that the top 20% on the Index have twice the per capita income of those in the second quintile, and five times that of the bottom 20%.<ref>Template:Cite news</ref>

Carl Schramm, who wrote the first chapter of the 2008 Index, states that cities of Medieval Italy and those of the mid-19th century Midwestern United States both flourished proportionate to their possessed economic fluidity and institutional adaptiveness created by economic freedom.<ref>Template:Cite news</ref>

According to Will Wilkinson of the libertarian think tank Cato Institute, studies show that higher economic freedom correlates strongly with higher self-reported happiness.<ref>"In Pursuit of Happiness Research: Is It Reliable? What Does It Imply for Policy?" Template:Webarchive, Will Wilkinson, The Cato institute, Policy Analysis No. 590, 11 April 2007</ref> According to economists Tomi Ovaska and Ryo Takashima, economic freedom research suggests "that people unmistakably care about the degree to which the society where they live provides them opportunities and the freedom to undertake new projects, and make choices based on one's personal preferences."<ref>Template:Cite journal</ref>

According to the Cato Institute, higher economic freedom promotes participation and collaboration.<ref>More Freedom = More Happiness Template:Webarchive, Public Issues, Libertad Desarrollo, No. 750, 23 January 2006, Template:ISSN</ref> Also claimed is that higher economic freedom is extremely significant in preventing wars; according to their calculations, freedom is around 54 times more effective than democracy (as measured by Democracy Score) in diminishing violent conflict.<ref>"Chapter2: Economic Freedom and Peace" Template:Webarchive, Erik Gartzke, in Economic Freedom of the World: 2005 Annual Report, James Gwartney and Robert Lawson, Fraser Institute, 30 August 2005</ref>

Ratings

Between 1995, the first edition of the Index, and 2008, the score for world economic freedom has increased, rising 2.6 points, according to the Index.<ref>Template:Cite news</ref>

Between 2008 and 2011, however, the score decreased 60.2 to 59.7, though the 2011 score represents an increase of 2.2 points since the first edition in 1995. The economic freedom score improved for 117 countries, the majority of countries included in the index, which were mainly developing and emerging market economies. In 2011, with the exception of Europe and North America, there were increased levels of freedom recorded in all regions, with the greatest improvement shown in Sub-Saharan Africa. The top five "free" economies identified by the 2011 index were Hong Kong, Singapore, Australia, New Zealand, and Switzerland, each scoring over 80 on the economic freedom grading scale.<ref name="Exec11">Template:Cite web</ref>

Also in 2011, the United States dropped to 9th place in the Index, falling behind Denmark, Canada, and first-place Hong Kong, which ranked first in every issue of the Index from 1995 until 2019.<ref name="Exec11" /> The Heritage Foundation pointed to increases in government spending as a primary reason for the United States' decline in its ranking. According to data from the 2011 Index, the growth rates of countries with the highest levels of government spending were 4.5 points lower, on average, than countries where government spending was under control.<ref>Template:Cite web</ref> In their "Executive Highlights" of index results in 2011, the Heritage Foundation wrote that, "high levels of government spending in response to the global economic turmoil have not resulted in higher economic growth".<ref name="Exec11" />

In 2012, results from the Index showed an overall decline in global economic freedom; according to The Heritage Foundation, the average score in its ranking was the second- lowest of the last ten years.<ref name="APJan12">Template:Cite newsTemplate:Dead linkTemplate:Cbignore</ref> The U.S. dropped to 10th place in the 2012 ranking, falling three places since 2008, when it was seventh.<ref>Template:Cite news</ref> A report issued by the Heritage Foundation stated that government spending was the cause of many countries' declines, and that the spending had "not only failed to arrest the economic crisis, but also – in many countries – seems to be prolonging it".<ref>Template:Cite news</ref> According to the report, activity in the private sector is threatened by the greater government spending, which has increased public debt and led to more bureaucracy.<ref name="APJan12" />

Hong Kong

For 25 consecutive years, from 1995 to 2019, Hong Kong was ranked the world's most free economy by the Index.<ref name="Exec11" /><ref>Template:Cite news</ref>

In 2021, however, after the Hong Kong national security law was implemented, the Heritage Foundation dropped Hong Kong and Macau as independent entities in the Index, writing that, "developments in recent years have demonstrated unambiguously that those policies are ultimately controlled from Beijing". The 2019 Index ranked the level of economic freedom in China low, 107th among the 178 ranked in the report.<ref>"Hong Kong dropped from Economic Freedom Index as policies 'controlled from Beijing'", Reuters, March 4, 2021</ref>

Methodology

The Index evaluates 184 countries in four broad policy areas that affect the economic freedom, which are rule of law, government size, regulatory efficiency, and open markets.<ref name="177 country count">Template:Cite news</ref><ref>Template:Cite news</ref> It also takes into consideration some specific categories like property rights, judicial effectiveness, government integrity and tax burden.<ref name="areas">Template:Cite news</ref><ref>Template:Cite news</ref> The ranking scores aspects of economic freedom between 0 and 100, with 0 meaning "no economic freedom" and 100 meaning "total economic freedom". There are twelve aspects divided into four categories.<ref name="methodology">Template:Cite web</ref>

Reception

In 2001, Freedom House, a human rights group, wrote that, "there is a high and statistically significant correlation between the level of political freedom as measured by Freedom House and economic freedom as measured by The Wall Street Journal/Heritage Foundation survey."<ref>Adrian Karatnycky. Freedom in the World: The Annual Survey of Political Rights and Civil Liberties. Transaction Publishers. 2001. Template:ISBN. p. 11</ref>

In his 2005 book The End of Poverty, Jeffrey Sachs graphed countries' ratings on the Index against per capita GDP growth between 1995 and 2003, claiming to demonstrate that there was no correlation between a country's rating and its rate of economic growth. As examples, Sachs cited countries with good ratings in the Index, such as Switzerland and Uruguay, which had sluggish economic performances while others, like China, with poorer ratings in the Index were experiencing strong economic growth.<ref>The End of Poverty: Economic Possibilities for our Time, Jeffrey Sachs, Penguin Books, 2005, Template:ISBN, pp. 320–321.</ref>

In January 2005, Stefan Karlsson of the Ludwig von Mises Institute challenged the usefulness of the Index due to the fuzziness of many of the categories used to determine freedom.<ref>Template:Cite news</ref>

In March 2005, John Miller criticized the Index, writing in Dollars & Sense, "In the hands of the Wall Street Journal and the Heritage Foundation, Washington's foremost right-wing think tank, however, an economic freedom index merely measures corporate and entrepreneurial freedom from accountability. Upon examination, the index turns out to be a poor barometer of either freedom more broadly construed or of prosperity."<ref>"Free, Free at Last" Template:Webarchive, John Miller, Dollars and Sense, No. 258, March/April 2005</ref> According to Left Business Observer, growth in Index accounts for 10% of the variation in the growth of GDP.<ref>"Laissez-faire Olympics, an LBO special report" Template:Webarchive, Left Business Observer, 26 March 2005</ref>

In September 2007, the Millennium Challenge Account, a U.S. government foreign aid program, used the Index in determining which countries will receive their performance-based compacts.<ref>Template:Cite news</ref>

In January 2008, United Arab Emirates questioned its rating in the Index, comparing its average rating with the high rating they had received from other economic freedom indexes, such as Transparency International and Moody's. UAE argued, calling the Index "unreliable", arguing that its methodology changed twice over the prior two years.<ref>Template:Cite news</ref>

Rule of law

Property rights

Degree of a country's legal protection of private property rights and degree of enforcement of those laws. It is divided into the following sub-factors:

1. Physical property rights
2. Intellectual property rights
3. Strength of investor protection
4. Risk of expropriation
5. Quality of land administration

Judicial effectiveness

Degree of the judiciary's efficiency and fairness, especially dealing with property laws. It is divided into the following sub-factors:

1. Judicial independence
2. Quality of the judicial process

Government integrity

Analyzes how prevalent are forms of political corruption and practices such as bribery, extortion, nepotism, cronyism, patronage, embezzlement, and graft. It is divided into the following sub-factors:

1. Public trust in politicians
2. Irregular payments and bribes
3. transparency of government policymaking
4. Absence of corruption
5. perceptions of corruption
6. Governmental and civil service transparency

Government size

Tax burden

Analyzes marginal tax rates on personal and corporate income and the overall taxation level (including direct and indirect taxes imposed by all levels of government) as a percentage of the GDP. Its sub-factors are:

1. Top marginal tax rate on individual income
2. Top marginal tax rate on corporate income
3. Total tax burden as a percentage of GDP

Government spending

Quantifies the burden of government expenditures, including consumption by the state and all transfer payments related to various welfare programs. The ideal level varies from country to country, but zero expenditure is used as a benchmark.

Fiscal health

Analyzes how well a country manages its budget by quantifying the growing debt and deficit. It is divided into the following sub-factors:

1. Average deficits as a percentage of GDP for the most recent three years (80 percent of score)
2. Debt as a percentage of GDP (20 percent of score)

Regulatory efficiency

Business freedom

Analyzes the cost, time and freedom to open, operate and close a business, taking into consideration factors like electricity. It is divided into thirteen sub-factors:

1. Starting a businessTemplate:Dashprocedures (number)
2. Starting a businessTemplate:Dashtime (days)
3. Starting a businessTemplate:Dashcost (% of income per capita)
4. Starting a businessTemplate:Dashminimum capital (% of income per capita)
5. Obtaining a licenseTemplate:Dashprocedures (number)
6. Obtaining a licenseTemplate:Dashtime (days)
7. Obtaining a licenseTemplate:Dashcost (% of income per capita)
8. Closing a businessTemplate:Dashtime (years)
9. Closing a businessTemplate:Dashcost (% of estate)
10. Closing a businessTemplate:Dashrecovery rate (cents on the dollar)
11. Getting electricityTemplate:Dashprocedures (number)
12. Getting electricityTemplate:Dashtime (days) and
13. Getting electricityTemplate:Dashcost (% of income per capita)

Labor freedom

Quantifies the intrusiveness of labor rights such as minimum wage, laws inhibiting layoffs, severance requirements, and measurable regulatory restraints on hiring and hours worked, plus the labor force participation rate as an indicative measure of employment opportunities in the labor market. It is divided into the following sub-factors:

1. Ratio of minimum wage to the average value added per worker
2. Hindrance to hiring additional workers
3. Rigidity of hours
4. Difficulty of firing redundant employees
5. Legally mandated notice period
6. Mandatory severance pay
7. Labor force participation rate

Monetary freedom

Analyzes how stable are prices and how much microeconomy intervenes. It is divided into the following sub-factors:

1. Weighted average inflation rate for the most recent three years
2. Price controls

Market openness

Trade freedom

Quantifies the extent to which tariff and nontariff barriers affect imports and exports of goods and services into and out of the country. Its sub-factors are:

1. Trade-weighted average tariff rate
2. Non-tariff barriers (NTBs)

Investment freedom

Analyzes how free or constrained is the flow of investment capital of individuals and firms.

Financial freedom

Indicates banking efficiency as well as how independent the government is from the financial sector. This aspect looks at five broad areas:

1. Extent of government regulation of financial services
2. Degree of state intervention in banks and other financial firms through direct and indirect ownership
3. Government influence on the allocation of credit
4. Extent of financial and capital market development
5. Openness to foreign competition

Previous methodology

The IndexTemplate:'s 2008 definition of economic freedom is "the highest form of economic freedom provides an absolute right of property ownership, fully realized freedoms of movement for labor, capital, and goods, and an absolute absence of coercion or constraint of economic liberty beyond the extent necessary for citizens to protect and maintain liberty itself."<ref name="index">Template:Cite news</ref>

The Index scores nations on ten factors of economic freedom, separated into four categories, using statistics from organizations like the World Bank, the International Monetary Fund, Economist Intelligence Unit and Transparency International. In each factor, countries are scored 0 to 100, with 0 being the least free and 100 the most free. A score of 100 signifies an economic environment or set of policies that is most conducive to economic freedom.<ref name="index" /> The methodology has shifted and changed as new data and measurements have become available, especially in the area of Labor Freedom, which was given its own indicator spot in 2007.<ref name="freedom" /> The following list explains what each factor currently assesses and groups them according to their respective category:

Rule of law

• Property Rights: Degree of a country's legal protection of private property rights, degree of enforcement of those laws, independence of and corruption within the judiciary, and likelihood of expropriation.
• Freedom from corruption: The non-prevalence of political corruption within a country, according to the Corruption Perceptions Index.

Limited government

• Fiscal freedom: How free is a country from tax burden. It comprises three quantitative measures: top marginal tax rate of both individual (1) and corporate (2) income, and total tax burden as a percentage of GDP (3).
• Government size and spending: Governments' expenditures as a percentage of GDP, including consumption and transfers. The higher the percental spending, the lower the score.

Regulatory efficiency

• Business freedom: A country's freedom from the burden of regulations on starting, operating, and closing business, given factors such as time, cost and number of procedures, as well as the efficiency of government in the regulatory process.
• Labor freedom: How free is a country from legal regulation on the labor market, including those relating to minimum wages, hiring and firing, hours of work and severance requirements.
• Monetary freedom: How free from microeconomic intervention and price instability is a country, basing on an equation considering the weighted average inflation rate in the last three years and price controls.

Open markets

• Trade freedom: Freedom from sizeable numbers and burdens of tariffs and non-tariff barriers to imports and exports of a country.
• Investment freedom: Freedom from restrictions on the movement and use of investment capital, regardless of activity, within and across the country's borders.
• Financial freedom: A country's independence from government control and interference in the financial sector, including banks. It considers government ownership of financial firms, extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition.

Rankings and scores

2025

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<ref>Template:Cite web</ref>

Country	Rank	Score	Change
Template:Flag	1	84.1	Template:Increase 0.6
Template:Flag	2	83.7	Template:Increase 0.7
Template:Flag	3	83.1	Template:Increase 0.5
Template:Flag	4	79.7	Template:Decrease 0.3
Template:Flag	5	79.5	Template:Increase 0.3
Template:Flag	6	79.3	Template:Increase 3.1
Template:Flag	7	79.1	Template:Increase 1.3
Template:Flag	8	78.9	Template:Increase 1.5
Template:Flag	9	78.3	Template:Increase 0.8
Template:Flag	10	78.2	Template:Increase 0.9
Template:Flag	11	78.1	Template:Increase 0.3
Template:Flag	12	77.9	Template:Increase 0.4
Template:Flag	13	77.0	Template:Increase 0.7
Template:Flag	14	75.5	Template:Increase 2.3
Template:Flag	15	75.0	Template:Increase 3.5
Template:Flag	16	74.6	Template:Increase 1.7
Template:Flag	17	74.0	Template:Increase 0.9
Template:Flag	18	73.2	Template:Increase 1.8
Template:Flag	19	73.2	Template:Increase 1.0
Template:Flag	20	72.9	Template:Increase 2.7
Template:Flag	21	72.8	Template:Increase 2.3
Template:Flag	22	71.6	Template:Decrease 0.5
Template:Flag	23	71.6	Template:Increase 0.5
Template:Flag	24	71.4	Template:Decrease 0.1
Template:Flag	25	70.5	Template:Increase 1.8
Template:Flag	26	70.2	Template:Increase 0.1
Template:Flag	27	70.2	Template:Increase 1.4
Template:Flag	28	70.2	Template:Increase 2.7
Template:Flag	29	70.2	Template:Increase 0.4
Template:Flag	30	69.9	Template:Decrease 0.2
Template:Flag	31	69.9	Template:Increase 1.9
Template:Flag	32	69.7	Template:Increase 1.3
Template:Flag	33	69.3	Template:Increase 0.7
Template:Flag	34	69.0	Template:Increase 0.6
Template:Flag	35	69.0	Template:Increase 0.1
Template:Flag	36	68.9	Template:Increase 2.1
Template:Flag	37	68.8	Template:Increase 0.3
Template:Flag	38	68.7	Template:Increase 0.6
Template:Flag	39	68.7	Template:Increase 1.5
Template:Flag	40	68.7	Template:Increase 1.8
Template:Flag	41	68.6	Template:Increase 0.9
Template:Flag	42	68.4	Template:Increase 0.4
Template:Flag	43	68.3	Template:Increase 2.4
Template:Flag	44	67.1	Template:Increase 1.4
Template:Flag	45	67.1	Template:Increase 1.1
Template:Flag	46	67.0	Template:Increase 1.1
Template:Flag	47	67.0	Template:Increase 4.8
Template:Flag	48	66.8	Template:Increase 2.3
Template:Flag	49	66.6	Template:Decrease 0.6
Template:Flag	50	66.6	Template:Increase 1.8
Template:Flag	51	66.5	Template:Increase 2.1
Template:Flag	52	66.4	Template:Increase 6.0
Template:Flag	53	66.3	Template:Increase 3.0
Template:Flag	54	65.9	Template:Increase 1.1
Template:Flag	55	65.6	Template:Increase 2.2
Template:Flag	56	65.5	Template:Increase 1.4
Template:Flag	57	65.4	Template:Increase 0.5
Template:Flag	58	65.4	Template:Increase 2.5
Template:Flag	59	65.2	Template:Increase 5.1
Template:Flag	60	65.2	Template:Increase 1.7
Template:Flag	61	65.1	Template:Increase 2.4
Template:Flag	62	64.4	Template:Increase 2.5
Template:Flag	63	64.4	Template:Increase 1.7
Template:Flag	64	64.3	Template:Increase 1.9
Template:Flag	65	64.3	Template:Increase 2.1
Template:Flag	66	64.2	Template:Increase 3.0
Template:Flag	67	63.8	Template:Increase 4.1
Template:Flag	68	63.8	Template:Increase 1.8
Template:Flag	69	63.6	Template:Increase 3.2
Template:Flag	70	63.5	Template:Increase 1.5
Template:Flag	71	63.4	Template:Increase 1.0
Template:Flag	72	63.2	Template:Increase 0.7
Template:Flag	73	63.2	Template:Increase 1.8
Template:Flag	74	62.6	Template:Increase 2.0
Template:Flag	75	62.5	Template:Increase 0.9
Template:Flag	76	62.2	Template:Increase 1.2
Template:Flag	77	61.8	Template:Decrease 0.4
Template:Flag	78	61.7	Template:Increase 1.1
Template:Flag	79	61.4	Template:Increase 0.2
Template:Flag	80	61.3	Template:Decrease 0.7
Template:Flag	81	60.9	Template:Increase 0.8
Template:Flag	82	60.6	Template:Increase 1.6
Template:Flag	83	60.6	Template:Increase 5.5
Template:Flag	84	60.6	Template:Increase 1.6
Template:Flag	85	60.4	Template:Decrease 0.1
Template:Flag	86	60.3	Template:Increase 3.5
Template:Flag	87	60.1	Template:Increase 0.3
Template:Flag	88	59.9	Template:Increase 1.4
Template:Flag	89	59.8	Template:Increase 0.6
Template:Flag	90	59.6	Template:Increase 1.0
Template:Flag	91	59.4	Template:Increase 1.1
Template:Flag	92	59.3	Template:Increase 0.8
Template:Flag	93	59.1	Template:Increase 1.1
Template:Flag	94	58.7	Template:Increase 1.2
Template:Flag	95	58.5	Template:Decrease 0.7
Template:Flag	96	58.5	Template:Increase 0.8
Template:Flag	97	58.3	Template:Increase 1.0
Template:Flag	98	58.2	Template:Increase 2.6
Template:Flag	99	58.2	Template:Increase 0.9
Template:Flag	100	57.9	Template:Increase 1.1
Template:Flag	101	57.8	Template:Decrease 0.6
Template:Flag	102	57.5	Template:Increase 2.0
Template:Flag	103	57.3	Template:Increase 2.1
Template:Flag	104	57.3	Template:Decrease 0.4
Template:Flag	105	56.8	Template:Decrease 1.4
Template:Flag	106	56.6	Template:Increase 2.2
Template:Flag	107	56.4	Template:Increase 0.8
Template:Flag	108	56.4	Template:Increase 1.0
Template:Flag	109	56.3	Template:Increase 1.3
Template:Flag	110	56.3	Template:Increase 0.5
Template:Flag	111	56.1	Template:Decrease 0.1
Template:Flag	112	56.0	Template:Increase 0.2
Template:Flag	113	55.8	Template:Increase 0.8
Template:Flag	114	55.7	Template:Decrease 0.1
Template:Flag	115	55.6	Template:Increase 0.4
Template:Flag	116	55.3	Template:Increase 1.3
Template:Flag	117	55.1	Template:Increase 1.9
Template:Flag	118	55.0	Template:Increase 0.7
Template:Flag	119	54.9	Template:Decrease 0.4
Template:Flag	120	54.8	Template:Increase 3.2
Template:Flag	121	54.8	Template:Increase 1.2
Template:Flag	122	54.7	Template:Increase 0.3
Template:Flag	123	54.6	Template:Increase 1.3
Template:Flag	124	54.2	Template:Increase 4.3
Template:Flag	125	54.1	Template:Increase 2.2
Template:Flag	126	54.0	Template:Increase 0.6
Template:Flag	127	53.4	Template:Increase 0.3
Template:Flag	128	53.0	Template:Increase 1.1
Template:Flag	129	52.6	Template:Increase 0.1
Template:Flag	130	52.5	Template:Increase 3.1
Template:Flag	131	52.5	Template:Increase 0.4
Template:Flag	132	52.2	Template:Increase 1.8
Template:Flag	133	52.2	Template:Increase 0.8
Template:Flag	134	52.1	Template:Decrease 1.8
Template:Flag	135	51.6	Template:Decrease 0.4
Template:Flag	136	51.5	Template:Increase 0.5
Template:Flag	137	51.5	Template:Decrease 0.8
Template:Flag	138	51.4	Template:Decrease 0.6
Template:Flag	139	51.3	Template:Increase 0.8
Template:Flag	140	51.1	Template:Increase 0.5
Template:Flag	141	51.0	Template:Increase 0.9
Template:Flag	142	50.9	Template:Increase 2.5
Template:Flag	143	50.9	Template:Decrease 0.4
Template:Flag	144	50.9	Template:Increase 1.2
Template:Flag	145	50.9	Template:Increase 1.8
Template:Flag	146	50.9	Template:Increase 0.4
Template:Flag	147	50.7	Template:Increase 0.8
Template:Flag	148	49.4	Template:Increase 0.2
Template:Flag	149	49.1	Template:Increase 0.3
Template:Flag	150	49.1	Template:Decrease 0.4
Template:Flag	151	49.0	Template:Increase 0.5
Template:Flag	152	48.9	Template:Increase 0.5
Template:Flag	153	48.6	Template:Increase 0.8
Template:Flag	154	48.5	Template:Decrease 1.4
Template:Flag	155	48.3	Template:Increase 0.5
Template:Flag	156	48.1	Template:Increase 0.2
Template:Flag	157	48.0	Template:Increase 0.4
Template:Flag	158	47.9	Template:Decrease 2.3
Template:Flag	159	47.7	Template:Steady 0.0
Template:Flag	160	47.5	Template:Increase 3.6
Template:Flag	161	47.3	Template:Decrease 0.3
Template:Flag	162	47.1	Template:Increase 0.8
Template:Flag	163	46.1	Template:Decrease 2.1
Template:Flag	164	44.1	Template:Increase 0.6
Template:Flag	165	44.1	Template:Decrease 4.2
Template:Flag	166	43.7	Template:Increase 1.5
Template:Flag	167	43.6	Template:Increase 0.9
Template:Flag	168	42.8	Template:Increase 1.5
Template:Flag	169	42.5	Template:Increase 1.3
Template:Flag	170	39.7	Template:Increase 1.3
Template:Flag	171	38.6	Template:Decrease 0.9
Template:Flag	172	35.3	Template:Decrease 1.4
Template:Flag	173	35.1	Template:Decrease 3.1
Template:Flag	174	27.6	Template:Decrease 8.6
Template:Flag	175	25.4	Template:Decrease 0.3
Template:Flag	176	3.0	Template:Steady 0.0
Template:Flag	177	N/A	N/A
Template:Flag	178	N/A	N/A
Template:Flag	179	N/A	N/A
Template:Flag	180	N/A	N/A
Template:Flag	181	N/A	N/A
Template:Flag	182	N/A	N/A
Template:Flag	183	N/A	N/A
Template:Flag	184	N/A	N/A

Not ranked

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• Template:Flag (Since 2021, counted in China)
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2013–2020

Key: ██ Free (80–100) ██ Mostly Free (70.0–79.9) ██ Moderately Free (60.0–69.9) ██ Mostly Unfree (50.0–59.9) ██ Repressed (0–49.9)

2020 scores by aspects of economic freedom

Key: Template:Color Free (80–100) Template:Color Mostly Free (70.0–79.9) Template:Color Moderately Free (60.0–69.9) Template:Color Mostly Unfree (50.0–59.9) Template:Color Repressed (0–49.9)

Country Name	2020 Score	Property Rights	Judicial Effectiveness	Government Integrity	Tax Burden	Gov't Spending	Fiscal Health	Business Freedom	Labor Freedom	Monetary Freedom	Trade Freedom	Investment Freedom	Financial Freedom
Afghanistan	54.7	48.3	30.0	24.8	91.4	79.2	99.9	54.7	61.6	81	66.0	10	10
Albania	66.9	57.1	33.0	38.8	85.9	74.6	86.3	65.7	52.1	81.2	88.4	70	70
Algeria	46.9	37.9	35.0	28.3	75.4	52.6	17.3	63.0	50.5	76.2	66.2	30	30
Angola	52.2	36.9	14.3	15.1	87.3	85.7	71.9	57.7	61.1	59.6	66.2	30	40
Argentina	53.1	50.5	47.0	49.7	69.6	50.7	24.7	60.2	46.5	53.7	69.2	55	60
Armenia	70.6	60.7	54.1	43.4	84.9	80.6	68.8	81.0	72.5	76.0	80.6	75	70
Australia	82.6	82.8	86.1	89.3	63.0	61.6	91.8	87.8	84.0	86.2	88.2	80	90
Austria	73.3	87.3	73.2	84.0	51.3	27.2	87.9	73.0	68.3	81.0	86.4	90	70
Azerbaijan	69.3	67.1	53.9	38.7	88.0	63.0	99.2	80.8	66.2	69.8	74.6	70	60
Bahamas	64.5	54.9	46.4	46.0	96.8	87.4	69.2	69.0	70.0	76.3	47.8	50	60
Bahrain	66.3	70.6	48.4	51.0	99.4	66.1	2.6	70.5	71.1	81.1	79.4	75	80
Bangladesh	56.4	41.0	36.1	26.6	72.7	94.3	76.8	52.3	68.4	70.0	63.6	45	30
Barbados	61.4	56.6	36.1	44.0	73.6	69.2	63.1	69.4	60.0	77.9	56.6	70	60
Belarus	61.7	63.2	48.4	37.4	88.8	54.1	95.4	76.4	74.8	69.8	82.0	30	20
Belgium	68.9	84.5	62.5	80.2	46.7	17.2	77.0	75.2	61.1	80.5	86.4	85	70
Belize	57.4	44.4	46.4	33.5	79.5	66.3	53.9	60.9	54.3	80.4	64.2	55	50
Benin	55.2	41.3	36.4	29.6	69.0	84.2	46.6	58.0	53.7	84.3	49.4	60	50
Bhutan	62.1	69.9	46.4	51.2	82.9	71.1	74.8	68.2	79.4	71.6	79.4	20	30
Bolivia	42.8	20.1	11.2	23.1	86.3	54.2	14.2	58.3	52.9	69.9	67.8	15	40
Bosnia and Herzegovina	62.6	44.4	33.9	41.8	83.6	49.3	97.3	45.7	67.4	82.7	80.0	65	60
Botswana	69.6	60.9	45.2	46.4	87.0	69.1	97.5	69.3	68.2	73.6	82.8	65	70
Brazil	53.7	57.3	46.7	45.6	70.4	54.6	4.6	60.5	49.5	77.2	67.8	60	50
Brunei Darussalam	66.6	69.8	56.8	49.6	89.8	61.5	20.0	84.1	90.5	77.1	85.0	65	50
Bulgaria	70.2	64.2	45.4	44.2	90.3	66.1	99.2	62.6	68.1	85.7	86.4	70	60
Burkina Faso	56.7	46.9	42.6	34.1	81.3	77.0	49.2	47.6	52.1	82.4	61.8	65	40
Burma	54.0	32.5	14.3	31.5	86.6	87.5	84.6	53.1	59.9	77.5	70.8	30	20
Burundi	49.0	24.9	26.9	22.3	73.7	85.8	13.2	55.1	67.4	70.3	68.2	50	30
Cambodia	57.3	43.1	28.1	14.8	89.4	83.9	94.8	31.2	62.5	74.8	65.4	50	50
Cameroon	53.6	45.3	30.8	20.8	74.8	88.3	63.7	46.0	50.1	84.1	59.6	30	50
Canada	78.2	87.7	72.7	90.3	76.5	50.9	83.3	81.7	72.0	76.0	87.0	80	80
Cabo Verde	63.6	47.5	48.0	46.1	77.7	71.7	66.2	58.5	55.6	83.1	68.2	80	60
Central African Republic	50.7	38.1	31.7	24.3	65.5	93.5	95.3	24.3	40.4	73.3	47.2	45	30
Chad	50.2	32.4	27.4	15.1	45.8	93.5	95.6	26.8	43.0	76.1	47.2	60	40
Chile	76.8	69.9	61.1	73.4	76.4	80.8	90.5	75.0	64.7	85.2	89.0	85	70
China	59.5	60.9	76.3	46.0	70.4	67.9	67.5	76.8	64.4	71.1	72.4	20	20
Colombia	69.2	61.1	32.8	46.1	70.4	77.0	85.5	71.3	78.0	77.5	81.2	80	70
Comoros	53.7	43.1	31.7	23.8	63.6	73.6	85.0	47.8	60.3	81.7	59.2	45	30
Congo, Democratic Republic of the Congo	49.5	30.1	26.5	13.1	74.4	95.4	98.0	51.2	41.6	49.6	64.6	30	20
Congo, Republic of	41.8	40.7	30.0	23.1	63.3	56.2	0.6	37.5	35.3	83.2	56.8	45	30
Costa Rica	65.8	66.7	54.4	57.2	78.9	88.4	39.7	66.5	55.0	81.2	81.4	70	50
Côte d'Ivoire	59.7	48.5	33.0	25.5	77.8	82.5	66.9	62.3	49.2	75.7	69.4	75	50
Croatia	62.2	69.9	39.6	51.0	65.9	34.7	89.1	53.6	44.0	77.6	86.4	75	60
Cuba	26.9	20.1	10.0	38.7	49.5	0.0	14.8	20.0	20.0	64.1	65.6	10	10
Cyprus	70.1	77.4	50.5	57.6	74.8	58.6	80.0	76.6	59.7	84.3	86.4	75	60
Czech Republic	74.8	76.8	49.9	64.2	82.0	52.7	97.8	69.7	77.6	80.8	86.4	80	80
Denmark	78.3	86.3	84.6	93.0	42.0	19.7	97.7	88.7	86.2	84.6	86.4	90	80
Djibouti	52.9	58.8	31.7	25.5	75.3	53.6	10.9	62.3	60.6	76.5	49.8	80	50
Dominica	60.8	59.8	62.6	51.2	70.5	16.0	86.2	70.4	60.7	83.5	68.4	70	30
Dominican Republic	60.9	55.8	18.2	31.2	84.5	90.5	82.4	50.3	57.5	73.5	76.6	70	40
Ecuador	51.3	40.4	20.7	33.4	77.5	57.9	62.3	53.8	48.0	81.0	66.0	35	40
Egypt	54.0	48.5	51.2	34.0	86.1	69.9	2.8	62.0	51.5	61.3	70.2	60	50
El Salvador	61.6	41.6	30.1	31.6	77.8	82.8	80.0	53.6	52.3	78.6	80.8	70	60
Equatorial Guinea	48.3	38.1	19.5	15.1	75.1	86.4	77.2	37.5	34.2	78.1	48.8	40	30
Eritrea	38.5	32.5	14.3	21.4	81.4	74.7	0.0	18.2	69.7	61.0	69.2	0	20
Estonia	77.7	83.2	73.7	85.9	81.1	53.3	99.9	73.5	57.3	78.6	86.4	90	70
Eswatini	55.3	49.8	42.4	37.2	72.8	62.8	17.6	58.9	67.9	75.2	88.6	50	40
Ethiopia	53.6	36.5	45.1	29.4	77.4	90.8	79.2	48.6	57.6	62.7	60.8	35	20
Fiji	63.4	69.9	42.6	45.6	80.5	68.9	84.2	62.6	76.2	72.5	52.8	55	50
Finland	75.7	92.3	80.5	96.1	67.5	11.2	90.7	84.8	50.3	83.6	86.4	85	80
France	66.0	85.9	71.2	83.3	48.8	4.5	67.1	82.5	46.1	76.7	81.4	75	70
Gabon	56.7	36.9	20.8	36.7	74.3	89.3	88.9	52.1	52.3	77.3	51.2	60	40
Gambia	56.3	43.9	43.4	39.2	74.6	85.6	25.3	53.5	67.4	63.3	64.6	65	50
Georgia	77.1	68.6	57.9	64.8	87.1	73.6	94.4	85.3	76.3	78.3	88.6	80	70
Germany	73.5	80.5	74.3	82.8	60.9	42.2	92.9	82.8	53.0	76.7	86.4	80	70
Ghana	59.4	52.5	46.1	32.2	78.4	88.1	35.6	58.4	59.3	68.9	63.8	70	60
Greece	59.9	57.0	48.6	51.2	59.0	31.5	80.0	73.7	52.0	79.4	81.4	55	50
Guatemala	64.0	45.5	32.2	29.6	79.2	95.6	95.7	62.6	48.4	77.4	82.2	70	50
Guinea	56.5	38.7	33.3	16.1	70.0	91.4	93.8	55.4	58.0	70.6	60.4	50	40
Guinea-Bissau	53.3	41.3	48.4	14.8	88.7	86.7	67.3	39.1	61.2	82.7	49.0	30	30
Guyana	56.2	53.6	42.6	34.1	66.0	64.4	58.6	58.9	62.1	82.5	66.8	55	30
Haiti	52.3	16.4	23.3	22.3	80.2	89.4	96.3	33.6	62.3	61.5	67.0	45	30
Honduras	61.1	48.6	34.2	28.6	82.3	78.2	96.7	56.7	31.5	72.2	79.4	65	60
Hong Kong	89.1	93.6	76.8	84.7	93.0	90.3	99.9	96.2	89.1	80.7	95.0	80	90
Hungary	66.4	64.8	45.7	47.5	79.9	34.5	83.6	60.2	64.6	79.9	86.4	80	70
Iceland	77.1	87.6	63.2	90.3	71.7	44.1	97.5	84.7	63.5	80.3	86.8	85	70
India	56.5	63.0	64.1	47.2	79.4	77.9	13.1	65.6	41.2	73.0	73.4	40	40
Indonesia	67.2	59.8	56.2	37.2	83.4	91.7	90.2	70.0	49.2	78.4	80.8	50	60
Iran	49.2	36.9	37.1	33.5	81.0	89.2	86.5	57.3	50.7	49.0	54.6	5	10
Iraq	N/A	43.9	11.2	20.8	N/A	59.5	76.6	52.6	44.8	76.4	N/A	N/A	N/A
Ireland	80.9	86.6	64.4	82.8	76.4	78.8	91.4	82.7	75.9	85.3	86.4	90	70
Israel	74.0	82.3	71.8	77.2	61.0	53.5	89.2	72.2	64.4	84.9	86.2	75	70
Italy	63.8	75.4	51.3	62.2	56.0	28.5	71.1	70.4	50.9	83.2	86.4	80	50
Jamaica	68.5	62.1	50.5	46.8	80.0	74.8	80.2	77.7	74.0	77.7	68.4	80	50
Japan	73.3	86.6	71.4	80.5	68.3	55.8	62.0	81.4	78.7	84.4	80.0	70	60
Jordan	66.0	64.8	54.6	49.6	91.8	73.5	55.9	60.1	52.5	77.6	81.2	70	60
Kazakhstan	69.6	61.3	62.1	40.9	92.3	85.5	84.1	74.6	86.0	68.1	80.2	50	50
Kenya	55.3	63.2	48.6	28.2	78.7	79.6	13.5	55.0	55.8	75.0	60.4	55	50
Kiribati	45.2	47.5	34.2	24.3	72.4	0.0	99.0	40.6	62.9	82.2	23.8	25	30
Korea, North	4.2	20.1	5.0	15.1	0.0	0.0	0.0	5.0	5.0	0.0	0.0	0	0
Korea, South	74.0	82.5	61.0	67.5	63.9	67.7	96.7	90.5	56.2	82.1	80.0	70	70
Kosovo	67.4	66.3	54.1	39.2	92.6	76.5	94.0	75.0	61.0	78.4	76.2	65	30
Kuwait	63.2	57.1	47.0	46.0	97.7	22.4	99.6	61.3	62.2	73.2	76.4	55	60
Kyrgyz Republic	62.9	53.6	31.3	32.0	94.1	58.5	66.7	73.6	79.6	76.4	79.2	60	50
Laos	55.5	42.5	37.3	32.0	87.0	86.6	53.3	54.3	58.6	76.8	82.0	35	20
Latvia	71.9	72.3	51.1	46.4	76.9	58.3	96.5	77.0	72.4	80.2	86.4	85	60
Lebanon	51.7	44.6	30.8	25.0	90.8	72.5	0.0	45.6	47.8	75.6	77.4	60	50
Lesotho	54.5	45.2	47.0	29.6	73.0	34.4	60.3	52.8	58.8	75.7	82.2	55	40
Liberia	49.0	31.1	37.9	23.8	86.1	65.5	59.7	48.2	38.2	62.1	60.6	55	20
Libya	N/A	30.1	20.8	18.9	N/A	0	N/A	40.7	53.9	53.6	N/A	5	N/A
Liechtenstein	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	85	80
Lithuania	76.7	77.9	62.1	67.4	84.9	66	97.4	71.9	76.5	79.7	86.4	80	70
Luxembourg	75.8	86.4	74.4	90.3	64.1	45.4	99.0	66.8	45.3	76.4	86.4	95	80
Macau	70.3	60.0	60.0	33.5	75.0	89.8	99.9	60.0	50.0	70.0	90.0	85	70
North Macedonia	69.5	62.5	42.7	42.2	91.5	71.0	87.7	80.6	67.0	77.7	86.2	65	60
Madagascar	60.5	45.6	39.6	25.0	90.7	91.5	90.6	47.3	44.6	72.7	73.6	55	50
Malawi	52.8	43.1	42.1	24.8	79.0	71.7	23.6	41.9	62.8	69.1	75.4	50	50
Malaysia	74.7	86.5	74.6	49.4	85.7	84.6	80.2	87.8	74.5	81.6	82.0	60	50
Maldives	56.5	48.5	31.7	39.2	95.8	67.9	42.9	78.7	70.6	77.0	61.0	35	30
Mali	55.9	36.1	32.7	20.7	69.2	85.8	73.6	49.2	52.2	81.6	65.0	65	40
Malta	69.5	70.5	49.6	55.1	64.8	60.0	95.9	68.0	61.1	77.1	86.4	85	60
Mauritania	55.3	32.5	20.8	21.9	80.9	76.4	85.9	61.7	51.3	79.6	62.6	50	40
Mauritius	74.9	75.8	62.6	53.3	91.5	82.1	79.3	82.5	60.2	73.8	88.2	80	70
Mexico	66.0	58.3	34.7	36.7	76.1	79.3	87.5	67.0	58.4	70.9	87.6	75	60
Micronesia	52.0	30.1	26.5	22.3	92.9	0.0	99.2	56.9	78.2	82.2	70.8	35	30
Moldova	62.0	60.5	31.7	37.2	86.1	71.6	96.2	68.1	37.0	72.0	78.0	55	50
Mongolia	55.9	50.3	23.0	36.9	87.4	66.6	9.3	63.6	75.7	74.2	74.0	50	60
Montenegro	61.5	59.1	55.3	47.5	85.4	32.1	23.4	70.8	74.8	80.3	83.8	75	50
Morocco	63.3	66.3	48.0	39.2	71.8	72.8	67.2	70.4	33.0	77.0	78.6	65	70
Mozambique	50.5	34.9	31.7	23.2	74.1	69.6	40.3	55.3	41.7	72.0	78.0	35	50
Namibia	60.9	58.9	58.5	46.0	65.7	58.1	28.7	65.6	84.9	75.9	83.2	65	40
Nepal	54.2	40.7	32.0	31.5	83.4	77.9	98.1	61.6	53.7	71.2	60.4	10	30
Netherlands	77.0	90.0	73.9	90.1	51.7	45.2	94.1	80.4	60.2	82.5	86.4	90	80
New Zealand	84.1	93.3	79.1	93.9	71.0	57.8	98.3	90.4	86.7	87.0	92.2	80	80
Nicaragua	57.2	33.5	19.5	24.3	76.3	77.5	87.2	55.1	55.5	71.5	75.4	60	50
Niger	54.7	45.6	42.6	33.4	76.7	79.0	44.7	55.4	47.9	74.8	61.2	55	40
Nigeria	57.2	38.1	32.2	22.3	85.1	96.2	64.1	54.7	84.0	61.7	62.4	45	40
Norway	73.4	84.3	82.8	95.6	57.7	25.6	97.3	86.1	57.4	74.8	83.8	75	60
Oman	63.6	66.4	66.2	64.6	98.4	36.2	14.8	74.6	56.9	78.4	81.6	65	60
Pakistan	54.8	48.3	43.2	29.7	80.4	86.8	40.4	54.9	41.3	72.5	64.8	55	40
Panama	67.2	58.8	30.0	37.2	85.3	85.7	91.2	70.8	43.3	79.4	79.2	75	70
Papua New Guinea	58.4	54.9	48.4	29.7	71.5	86.4	76.4	58.4	69.6	70.7	79.8	25	30
Paraguay	63.0	44.7	26.4	29.6	96.1	88.6	98.0	60.9	29.0	72.5	75.4	75	60
Peru	67.9	54.9	30.6	33.5	80.8	86.4	89.0	67.1	62.9	86.3	88.4	75	60
Philippines	64.5	54.6	34.2	38.7	76.7	87.9	96.3	59.5	57.4	66.9	81.6	60	60
Poland	69.1	63.1	42.8	64.6	74.7	48.8	92.2	62.6	62.0	82.0	86.4	80	70
Portugal	67.0	75.4	65.6	68.9	59.6	39.8	74.4	76.5	44.1	83.0	86.4	70	60
Qatar	72.3	66.9	58.7	64.6	99.8	64.6	93.7	71.1	65.9	80.6	81.6	60	60
Romania	69.7	72.5	56.1	55.1	90.3	70.4	85.6	58.6	63.0	78.1	86.4	70	50
Russia	61.0	56.8	44.4	41.3	88.5	63.8	98.7	80.2	52.1	68.2	77.8	30	30
Rwanda	70.9	76.5	78.3	57.6	79.2	79.8	86.7	60.3	81.8	79.8	70.4	60	40
Saint Lucia	68.2	69.8	62.6	41.8	76.9	80.6	83.8	76.7	66.4	82.0	73.2	65	40
Saint Vincent and the Grenadines	66.8	50.5	62.6	46.1	72.4	73.7	89.0	75.8	73.3	80.8	67.2	70	40
Samoa	62.1	60.5	31.7	31.5	79.6	62.5	94.6	76.6	78.8	79.5	64.6	55	30
São Tomé and Príncipe	56.2	41.0	26.5	37.4	88.3	77.1	73.0	64.8	43.4	68.1	64.2	60	30
Saudi Arabia	62.4	64.6	72.3	49.6	99.8	61.8	19.3	66.6	63.3	81.0	75.4	45	50
Senegal	58.0	52.4	39.8	40.6	70.2	84.4	75.2	50.4	38.1	79.7	65.4	60	40
Serbia	66.0	55.4	46.8	44.0	83.7	49.7	94.1	72.6	66.9	80.7	78.0	70	50
Seychelles	64.3	68.3	46.4	53.3	76.8	58.9	93.2	65.3	62.8	78.6	82.6	55	30
Sierra Leone	48.0	40.7	39.4	21.8	87.5	83.5	9.8	50.1	29.7	64.2	69.4	60	20
Singapore	89.4	96.8	92.9	92.4	90.3	91.1	80.0	92.8	90.9	85.6	94.8	85	80
Slovakia	66.8	73.1	41.7	49.7	78.5	50.2	92.6	55.3	52.6	75.9	86.4	75	70
Slovenia	67.8	76.5	48.6	67.4	59.2	42.9	90.3	78.4	61.4	82.2	86.4	70	50
Solomon Islands	52.9	54.6	53.7	33.5	65.6	34.2	76.6	67.7	72.0	84.3	48.0	15	30
Somalia	N/A	20.1	26.5	13.1	N/A	N/A	N/A	31.6	N/A	N/A	N/A	N/A	N/A
South Africa	58.8	58.4	38.0	46.6	63.7	67.4	64.0	62.0	58.8	75.9	75.8	45	50
Spain	66.9	74.9	51.8	55.1	62.1	48.3	62.6	66.8	57.7	82.0	86.4	85	70
Sri Lanka	57.4	47.7	39.2	34.7	84.8	88.9	39.3	76.5	58.6	71.1	67.6	40	40
Sudan	45.0	33.7	20.8	25.5	86.1	94.5	12.4	53.5	60.0	77.0	52.0	5	20
Suriname	49.5	45.6	19.5	36.9	70.5	74.8	10.3	48.2	71.9	76.1	69.8	40	30
Sweden	74.9	88.8	79.9	91.4	43.6	25.8	97.0	85.3	53.8	81.2	86.4	85	80
Switzerland	82.0	87.4	81.5	90.1	70.1	65.3	96.7	74.2	72.4	84.4	86.6	85	90
Syria	N/A	45.6	20.8	21.9	N/A	N/A	N/A	48.9	59.3	58.8	51.6	0	N/A
Taiwan	77.1	86.9	70.1	68.9	75.0	90.5	91.0	93.9	60.3	82.7	86.0	60	60
Tajikistan	52.2	49.1	50.0	32.0	91.8	62.3	26.0	65.9	47.7	71.0	75.0	25	30
Tanzania	61.7	41.9	43.4	32.5	80.6	91.6	92.9	45.9	66.4	72.2	67.8	55	50
Thailand	69.4	59.5	48.0	43.4	80.7	85.9	96.4	83.0	63.7	74.0	83.0	55	60
Timor-Leste	45.9	45.2	12.6	32.5	96.3	5.3	19.9	64.0	58.9	76.5	75.0	45	20
Togo	54.1	41.6	31.7	31.2	67.5	78.6	59.4	55.0	46.9	79.5	63.2	65	30
Tonga	58.8	60.9	26.5	44.2	85.2	42.8	95.2	75.0	69.8	71.4	74.0	40	20
Trinidad and Tobago	58.3	56.6	42.1	37.4	82.6	66.5	15.9	67.3	76.0	77.4	67.8	60	50
Tunisia	55.8	56.4	43.6	39.7	74.2	73.1	38.8	78.1	49.8	73.9	66.4	45	30
Turkey	64.4	57.4	53.7	44.6	76.7	64.1	86.1	67.0	49.2	66.1	78.0	70	60
Turkmenistan	46.5	20.1	20.0	21.4	95.9	93.1	94.5	30.0	20.0	68.7	74.2	10	10
Uganda	59.5	45.6	36.9	21.4	80.3	88.4	64.3	46.0	83.1	78.0	75.4	55	40
Ukraine	54.9	47.5	42.2	37.9	81.1	47.2	83.9	61.3	48.3	63.0	81.2	35	30
United Arab Emirates	76.2	80.3	84.6	64.6	99.2	72.1	94.1	78.6	81.3	79.6	80.4	40	60
United Kingdom	79.3	92.2	82.7	89.9	64.7	49.5	78.1	94.7	73.1	80.3	86.4	80	80
United States	76.6	81.8	83.7	77.2	74.6	56.5	54.3	83.3	87.9	75.5	79.8	85	80
Uruguay	69.1	72.0	59.8	73.5	75.2	66.5	72.3	73.6	71.0	72.7	77.4	85	30
Uzbekistan	57.2	59.1	34.2	28.2	91.6	74.7	98.9	72.6	59.9	59.9	67.6	20	20
Vanuatu	60.7	68.3	36.1	37.4	97.1	61.1	78.4	51.8	54.6	74.6	63.4	65	40
Venezuela	25.2	10.1	12.6	14.6	72.8	66.3	0.0	30.8	27.7	0.0	58.0	0	10
Vietnam	58.8	52.6	40.1	33.8	79.5	75.9	58.0	65.6	62.5	68.2	79.6	40	50
Yemen	N/A	22.5	20.1	21.9	N/A	96.5	60.1	43.9	43.8	42.6	70	50	N/A
Zambia	53.5	45.2	31.3	28.4	73.2	81.7	18.4	66.4	47.0	72.2	72.6	55	50
Zimbabwe	43.1	33.7	28.3	18.9	62.3	88.0	36.2	39.1	43.1	62.8	70.0	25	10

1995–2008 rankings

Country/Region	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996	1995
Template:Flag<ref group=lower-alpha name=SAR>Special administrative region (SAR) of China since 1997</ref>	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Template:Flag	3	3	3	4	4	4	4	3	10	11	11	13	27	20
Template:Flag	4	4	7	9	8	10	11	8	5	5	7	9	10	8
Template:Flag	5	6	5	5	7	7	8	6	8	7	8	8	5	4
Template:Flag	6	5	4	3	3	3	3	4	3	3	3	3	3
Template:Flag	7	10	10	12	12	13	14	21	20	25	27	26	20	18
Template:Flag	8	8	8	8	11	12	9	12	12	12	9	7	13	14
Template:Flag	9	9	9	6	5	6	6	10	6	4	4	4	4
Template:Flag	10	7	6	7	9	9	7	7	4	6	5	5	7	3
Template:Flag	11	12	13	13	17	20	23	33	33	32	34	30	31
Template:Flag	12	11	15	14	10	8	10	9	24	13	15	24	38	26
Template:Flag	13	15	16	18	14	14	14	16	21	57	24	20	23
Template:Flag	14	13	11	10	19	16	19	15	15	19	18	19
Template:Flag	15	14	12	11	6	5	5	5	7	15	13	12	15
Template:Flag	16	16	17	21	16	15	16	27	50	54	55	39	47
Template:Flag	17	18	18	36	50	34	39	23	19	27	21	21	14	6
Template:Flag	18	32	35	35	51	52	33	45	36	20
Template:Flag	19	24	23	22	13	11	12	11	11	8	6	6	6	5
Template:Flag	20	17	24	30	30	33	34	57	55	60	48	44	36
Template:Flag	21	27	20	24	28	23	17	20	27	37	33	46	53
Template:Flag	22	20	21	20	15	19	20	22	35	33	29	27	30
Template:Flag	23	22	25	28	27	26	25	29	43	40	52	29	25	17
Template:Flag	24	19	19	15	20	17	15	14	16	10	10	10	11	11
Template:Flag	25	25	29	19	26	21	22	18	17	18	20	22	9	7
Template:Flag	26	21	22	23	18	27	43	53	67	67	74	78	104
Template:Flag	27	33	27	27	24	24	24	43	47	51	53	53	55	41
Template:Flag	28	30	14	25	23	37	32	46	62	96	117	123	125
Template:Flag	29	23	26	17	21	29	26	19	13	16	17	16	24
Template:Flag	30	26	30	34	32	35	36	37	31	53	43	40	26	16
Template:Flag	31	28	32	31	29	28	29	36	41	45	62	68	65	34
Template:Flag	32	31	54	93	78	84	104	87	107	114	122	125	123
Template:Flag	33	29	28	16	22	22	21	17	9	9	22	18	21	19
Template:Flag	34	37	34	45	42	39	37	41	22	29	31	41	39
Template:Flag	35	36	33	42	48	77	76	85	108	105	85	85	75	46
Template:Flag	36	35	31	26	25	30	42	42	42	59	60	72	56	57
Template:Flag	37	39	40	47	35	36	40	26	30	23	28	54	29	23
Template:Flag	38	38	37	39	33	44	52	44	57	50	56	57	86
Template:Flag	39	41	41	48	55	43	46	35	25	24	38	42	35
Template:Flag	40	34	43	33	37	25	30	24	28	30	26	31	46	37

See also

• Corruption Perceptions Index
• Ease of doing business index
• Gross National Happiness
• Happiness economics
• List of countries by economic freedom
• List of freedom indices

External links

• Template:Official website