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Economy > Economic freedom: Countries Compared

DEFINITION: Index of 'economic freedom', according to the American organisation 'The Heritage Foundation'. It is worth noting that such indices are based on highly culturally contingent factors. This data makes a number of assumptions about 'freedom' and the role of the government that are not accepted by much of the world's population. A broad discussion of The Heritage Foundation's definition and methodology can be found at http://www.heritage.org/research/features/index/ChapterPDFs/chapter5.HTML.

CONTENTS

#
COUNTRY
AMOUNT
DATE
GRAPH
HISTORY
1 Hong KongHong Kong 89.3 2013
2 SingaporeSingapore 88 2013
3 AustraliaAustralia 82.6 2013
4 New ZealandNew Zealand 81.4 2013
5 SwitzerlandSwitzerland 81 2013
6 CanadaCanada 79.4 2013
7 ChileChile 79 2013
8 MauritiusMauritius 76.9 2013
9 DenmarkDenmark 76.1 2013
10 United StatesUnited States 76 2013
11 IrelandIreland 75.7 2013
12 BahrainBahrain 75.5 2013
13 EstoniaEstonia 75.3 2013
14 United KingdomUnited Kingdom 74.8 2013
15 LuxembourgLuxembourg 74.2 2013
16 FinlandFinland 74 2013
17 NetherlandsNetherlands 73.5 2013
18 SwedenSweden 72.9 2013
19 GermanyGermany 72.8 2013
20 TaiwanTaiwan 72.7 2013
21 GeorgiaGeorgia 72.2 2013
=22 LithuaniaLithuania 72.1 2013
=22 IcelandIceland 72.1 2013
=24 AustriaAustria 71.8 2013
=24 JapanJapan 71.8 2013
26 MacauMacau 71.7 2013
27 QatarQatar 71.3 2013
28 United Arab EmiratesUAE 71.1 2013
29 Czech RepublicCzech Republic 70.9 2013
30 BotswanaBotswana 70.6 2013
31 NorwayNorway 70.5 2013
=32 JordanJordan 70.4 2013
=32 Saint LuciaSaint Lucia 70.4 2013
34 South KoreaSouth Korea 70.3 2013
35 The BahamasThe Bahamas 70.1 2013
36 UruguayUruguay 69.7 2013
37 ColombiaColombia 69.6 2013
38 ArmeniaArmenia 69.4 2013
39 BarbadosBarbados 69.3 2013
40 BelgiumBelgium 69.2 2013
41 CyprusCyprus 69 2013
42 SlovakiaSlovakia 68.7 2013
=43 Republic of MacedoniaMacedonia Rep. 68.2 2013
=43 PeruPeru 68.2 2013
45 OmanOman 68.1 2013
46 SpainSpain 68 2013
47 MaltaMalta 67.5 2013
48 HungaryHungary 67.3 2013
=49 Costa RicaCosta Rica 67 2013
=49 MexicoMexico 67 2013
51 IsraelIsrael 66.9 2013
52 JamaicaJamaica 66.8 2013
=53 El SalvadorEl Salvador 66.7 2013
=53 Saint Vincent and the GrenadinesSt Vincent+ 66.7 2013
55 LatviaLatvia 66.5 2013
56 MalaysiaMalaysia 66.1 2013
57 PolandPoland 66 2013
58 AlbaniaAlbania 65.2 2013
59 RomaniaRomania 65.1 2013
60 BulgariaBulgaria 65 2013
=61 FranceFrance 64.1 2013
=61 RwandaRwanda 64.1 2013
=61 ThailandThailand 64.1 2013
64 DominicaDominica 63.9 2013
65 Cape VerdeCape Verde 63.7 2013
=66 PortugalPortugal 63.1 2013
=66 KuwaitKuwait 63.1 2013
68 KazakhstanKazakhstan 63 2013
69 TurkeyTurkey 62.9 2013
70 MontenegroMontenegro 62.6 2013
71 PanamaPanama 62.5 2013
72 Trinidad and TobagoTrinidad+ 62.3 2013
73 MadagascarMadagascar 62 2013
74 South AfricaSouth Africa 61.8 2013
=75 SloveniaSlovenia 61.7 2013
=75 MongoliaMongolia 61.7 2013
=77 GhanaGhana 61.3 2013
=77 CroatiaCroatia 61.3 2013
=79 ParaguayParaguay 61.1 2013
=79 UgandaUganda 61.1 2013
81 Sri LankaSri Lanka 60.7 2013
=82 ItalyItaly 60.6 2013
=82 Saudi ArabiaSaudi Arabia 60.6 2013
84 NamibiaNamibia 60.3 2013
85 GuatemalaGuatemala 60 2013
86 Burkina FasoBurkina Faso 59.9 2013
=87 Dominican RepublicDominican Rep. 59.7 2013
=87 AzerbaijanAzerbaijan 59.7 2013
=89 MoroccoMorocco 59.6 2013
=89 KyrgyzstanKyrgyzstan 59.6 2013
91 LebanonLebanon 59.5 2013
92 The GambiaThe Gambia 58.8 2013
93 ZambiaZambia 58.7 2013
94 SerbiaSerbia 58.6 2013
95 CambodiaCambodia 58.5 2013
96 HondurasHonduras 58.4 2013
97 PhilippinesPhilippines 58.2 2013
98 TanzaniaTanzania 57.9 2013
99 GabonGabon 57.8 2013
100 BrazilBrazil 57.7 2013
101 BeninBenin 57.6 2013
=102 Bosnia and HerzegovinaBosnia and Herzegovina 57.3 2013
=102 BelizeBelize 57.3 2013
=104 SwazilandSwaziland 57.2 2013
=104 FijiFiji 57.2 2013
106 SamoaSamoa 57.1 2013
107 TunisiaTunisia 57 2013
108 IndonesiaIndonesia 56.9 2013
=109 VanuatuVanuatu 56.6 2013
=109 NicaraguaNicaragua 56.6 2013
111 MaliMali 56.4 2013
112 TongaTonga 56 2013
=113 YemenYemen 55.9 2013
=113 KenyaKenya 55.9 2013
=115 MoldovaMoldova 55.5 2013
=115 SenegalSenegal 55.5 2013
117 GreeceGreece 55.4 2013
118 MalawiMalawi 55.3 2013
119 IndiaIndia 55.2 2013
=120 NigeriaNigeria 55.1 2013
=120 PakistanPakistan 55.1 2013
=122 MozambiqueMozambique 55 2013
=122 BhutanBhutan 55 2013
124 SeychellesSeychelles 54.9 2013
125 EgyptEgypt 54.8 2013
126 Cote d'IvoireCote d'Ivoire 54.1 2013
=127 NigerNiger 53.9 2013
=127 DjiboutiDjibouti 53.9 2013
129 GuyanaGuyana 53.8 2013
130 Papua New GuineaPapua NG 53.6 2013
131 TajikistanTajikistan 53.4 2013
132 BangladeshBangladesh 52.6 2013
=133 CameroonCameroon 52.3 2013
=133 MauritaniaMauritania 52.3 2013
135 SurinameSuriname 52 2013
136 ChinaChina 51.9 2013
=137 GuineaGuinea 51.2 2013
=137 SyriaSyria 51.2 2012
=139 RussiaRussia 51.1 2013
=139 Guinea-BissauGuinea-Bissau 51.1 2013
141 VietnamVietnam 51 2013
=142 Central African RepublicCentral Africa 50.4 2013
=142 NepalNepal 50.4 2013
=144 LaosLaos 50.1 2013
=144 Federated States of MicronesiaMicronesia 50.1 2013
146 AlgeriaAlgeria 49.6 2013
147 EthiopiaEthiopia 49.4 2013
148 LiberiaLiberia 49.3 2013
=149 MaldivesMaldives 49 2013
=149 BurundiBurundi 49 2013
151 TogoTogo 48.8 2013
152 Sierra LeoneSierra Leone 48.3 2013
153 HaitiHaiti 48.1 2013
154 BelarusBelarus 48 2013
=155 BoliviaBolivia 47.9 2013
=155 LesothoLesotho 47.9 2013
157 ComorosComoros 47.5 2013
158 AngolaAngola 47.3 2013
159 EcuadorEcuador 46.9 2013
160 ArgentinaArgentina 46.7 2013
161 UkraineUkraine 46.3 2013
162 UzbekistanUzbekistan 46 2013
163 KiribatiKiribati 45.9 2013
164 ChadChad 45.2 2013
165 Solomon IslandsSolomon Islands 45 2013
166 East TimorEast Timor 43.7 2013
167 Republic of the CongoCongo Rep. 43.5 2013
168 IranIran 43.2 2013
169 TurkmenistanTurkmenistan 42.6 2013
170 Equatorial GuineaEqu. Guinea 42.3 2013
171 Democratic Republic of the CongoCongo, DR. 39.6 2013
172 BurmaBurma 39.2 2013
173 EritreaEritrea 36.3 2013
174 VenezuelaVenezuela 36.1 2013
175 LibyaLibya 35.9 2012
176 ZimbabweZimbabwe 28.6 2013
177 CubaCuba 28.5 2013
Group of 7 countries (G7) averageGroup of 7 countries (G7) average (profile) 2.83 2003
High income OECD countries averageHigh income OECD countries average (profile) 2.82 2003
Eurozone averageEurozone average (profile) 2.73 2003
European Union averageEuropean Union average (profile) 2.61 2003
NATO countries averageNATO average (profile) 2.49 2003
Non-religious countries averageNon-religious countries average (profile) 2.47 2003
Europe averageEurope average (profile) 2.35 2003
Cold countries averageCold countries average (profile) 2.26 2003
Former Spanish colonies averageFormer Spanish colonies average (profile) 2.03 2003
Emerging markets averageEmerging markets average (profile) 2.01 2003
Middle Eastern and North Africa averageMiddle Eastern and North Africa average (profile) 1.93 2003
Religious countries averageReligious countries average (profile) 1.75 2003
Eastern Europe averageEastern Europe average (profile) 1.74 2003
Former French colonies averageFormer French colonies average (profile) 1.74 2003
OPEC countries averageOPEC countries average (profile) 1.73 2003
Muslim countries averageMuslim countries average (profile) 1.69 2003
Former Soviet republics averageFormer Soviet republics average (profile) 1.66 2003
178 North KoreaNorth Korea 1.5 2013

Citation

Economy > Economic freedom: Countries Compared Map

NationMaster
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Interesting observations about Economy > Economic freedom

  • Australia ranked first for economic freedom amongst Christian countries in 2013.
  • Hong Kong ranked first for economic freedom amongst Hot countries in 2013.
  • Switzerland ranked first for economic freedom amongst Europe in 2013.
  • Denmark ranked first for economic freedom amongst European Union in 2013.
  • Bahrain ranked first for economic freedom amongst Muslim countries in 2013.
  • Canada ranked first for economic freedom amongst NATO countries in 2013.
  • Chile ranked first for economic freedom amongst Emerging markets in 2013.
  • Singapore ranked first for economic freedom amongst Former British colonies in 2013.
  • Ireland ranked first for economic freedom amongst Eurozone in 2013.
  • Madagascar ranked first for economic freedom amongst Former French colonies in 2013.

0

Zealots, step aside, please. Invasions of Iraq, torture, etc, has nothing to do with economic freedom. Please remove your radical agenda from the facts. Economic freedom is something completely separate from any social cause.

Posted on 23 Dec 2010

Nick M

Nick M

0



Nice character attack. The credibility of the Heritage Foundation is irrelevant. Economic freedom does not mean political or social freedom. It means the freedom to trade. Socialism by its very definition opposes economic freedom.

Posted on 08 May 2010

Mike

Mike

0

If there are some issues with the credibility of the heritage foundation...the list is not ridiculous....nationmaster can cite the Fraser institutes index of economic freedom

Posted on 30 Apr 2010

OK

OK

0

People in Cuba do not need to be able to "afford" health care. Cuba has free health care and it is actually a very good health care system. This is merely an observation of the health care system not on any other government policy.

Posted on 18 Mar 2010

Nicole

Nicole

0

The "source" given for this information is the Heritage Foundation, which is a US-based right-wing political advocacy group who (among other things) pushed for the invasion of Iraq, authorization of torture, etc. They are NOT a reputable source of information, especially in economics. That is why this list looks so ridiculous to anyone who has studied the issue with any depth

Posted on 15 Feb 2010

sun

sun

0

The "source" given for this information is the Heritage Foundation, which is a US-based right-wing political advocacy group who (among other things) pushed for the invasion of Iraq, authorization of torture, etc. They are NOT a reputable source of information, especially in economics. That is why this list looks so ridiculous to anyone who has studied the issue with any depth.

Posted on 02 Aug 2009

frellthat

frellthat

0

The source for this survey is the right-wing Heritage Foundation, which is a political advocacy group that pushed for the invasion of Iraq and is NOT any kind of reputable source of information. The last time I was on this website, this table looked completely different, with the United States lagging behind most of Europe and Canada. Why was the information changed and why has it not been restored to its correct form?

Posted on 02 Aug 2009

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