Country Rankings on Economic Freedom

Economic Freedom in Hongkong City

Hong Kong City as seen from Taiping Mountain

The Heritage Foundation recently published its 25th edition of Economic Freedom Index. The index analyzes the economic policy developments in 186 countries.

These countries are graded and ranked on 12 quantitative and qualitative factors which were assessed from four pillars of economic freedom:

1) Rule of law (property rights, judicial effectiveness, and government integrity);
2) Government size (tax burden, government spending, and fiscal health);
3) Regulatory efficiency (business, labor, and monetary freedom); and
4) Market openness (trade, investment, and financial freedom)

The report shows that Hong Kong (90.2) is the freest economy throughout the world. Singapore (89.4), New Zealand (84.4), Switzerland (81.9), and Australia (80.9) round out the top five countries in the economic freedom index.

Meanwhile, North Korea (5.9), Venezuela (25.9), Cuba (27.8), Eritrea (38.9), and Republic of Congo (39.7) are the least 5 freest economies.

2019 World Economic Freedom Index


Rank CountryScore
1Country Rankings on Economic Freedom 1Hong Kong90.2
2Country Rankings on Economic Freedom 2Singapore89.4
3Country Rankings on Economic Freedom 3New Zealand84.4
4Country Rankings on Economic Freedom 4Switzerland81.9
5Country Rankings on Economic Freedom 5Australia80.9
6Country Rankings on Economic Freedom 6Ireland80.5
7Country Rankings on Economic Freedom 7United Kingdom78.9
8Country Rankings on Economic Freedom 8Canada77.7
9Country Rankings on Economic Freedom 9United Arab Emirates77.6
10Country Rankings on Economic Freedom 10Taiwan77.3
11Country Rankings on Economic Freedom 11Iceland77.1
12Country Rankings on Economic Freedom 12United States of America76.8
13Country Rankings on Economic Freedom 13Netherlands76.8
14Country Rankings on Economic Freedom 14Denmark76.7
15Country Rankings on Economic Freedom 15Estonia76.6
16Country Rankings on Economic Freedom 16Georgia75.9
17Country Rankings on Economic Freedom 17Luxembourg75.9
18Country Rankings on Economic Freedom 18Chile75.4
19Country Rankings on Economic Freedom 19Sweden75.2
20Country Rankings on Economic Freedom 20Finland74.9
21Country Rankings on Economic Freedom 21Lithuania74.2
22Country Rankings on Economic Freedom 22Malaysia74
23Country Rankings on Economic Freedom 23Czech Republic73.7
24Country Rankings on Economic Freedom 24Germany73.5
25Country Rankings on Economic Freedom 25Mauritius73
26Country Rankings on Economic Freedom 26Norway73
27Country Rankings on Economic Freedom 27Israel72.8
28Country Rankings on Economic Freedom 28Qatar72.6
29Country Rankings on Economic Freedom 29South Korea72.3
30Country Rankings on Economic Freedom 30Japan72.1
31Country Rankings on Economic Freedom 31Austria72
32Country Rankings on Economic Freedom 32Rwanda71.1
33Country Rankings on Economic Freedom 33North Macedonia71.1
34Country Rankings on Economic Freedom 34Macau71
35Country Rankings on Economic Freedom 35Latvia70.4
36Country Rankings on Economic Freedom 36Botswana69.5
37Country Rankings on Economic Freedom 37Bulgaria69
38Country Rankings on Economic Freedom 38Saint Lucia68.7
39Country Rankings on Economic Freedom 39Jamaica68.6
40Country Rankings on Economic Freedom 40Uruguay68.6
41Country Rankings on Economic Freedom 41Malta68.6
42Country Rankings on Economic Freedom 42Romania68.6
43Country Rankings on Economic Freedom 43Thailand68.3
44Country Rankings on Economic Freedom 44Cyprus68.1
45Country Rankings on Economic Freedom 45Peru67.8
46Country Rankings on Economic Freedom 46Poland67.8
47Country Rankings on Economic Freedom 47Armenia67.7
48Country Rankings on Economic Freedom 48Belgium67.3
49Country Rankings on Economic Freedom 49Colombia67.3
50Country Rankings on Economic Freedom 50Panama67.2
51Country Rankings on Economic Freedom 51Kosovo67
52Country Rankings on Economic Freedom 52Albania66.5
53Country Rankings on Economic Freedom 53Jordan66.5
54Country Rankings on Economic Freedom 54Bahrain66.4
55Country Rankings on Economic Freedom 55Saint Vincent and the Grenadines65.8
56Country Rankings on Economic Freedom 56Indonesia65.8
57Country Rankings on Economic Freedom 57Spain65.7
58Country Rankings on Economic Freedom 58Slovenia65.5
59Country Rankings on Economic Freedom 59Kazakhstan65.4
60Country Rankings on Economic Freedom 60Azerbaijan65.4
61Country Rankings on Economic Freedom 61Costa Rica65.3
62Country Rankings on Economic Freedom 62Portugal65.3
63Country Rankings on Economic Freedom 63Brunei Darussalam65.1
64Country Rankings on Economic Freedom 64Hungary65
65Country Rankings on Economic Freedom 65Slovakia65
66Country Rankings on Economic Freedom 66Mexico64.7
67Country Rankings on Economic Freedom 67Barbados64.7
68Country Rankings on Economic Freedom 68Turkey64.6
69Country Rankings on Economic Freedom 69Serbia63.9
70Country Rankings on Economic Freedom 70Philippines63.8
71Country Rankings on Economic Freedom 71France63.8
72Country Rankings on Economic Freedom 72Dominica63.6
73Country Rankings on Economic Freedom 73Cape Verde63.1
74Country Rankings on Economic Freedom 74Bhutan62.9
75Country Rankings on Economic Freedom 75Morocco62.9
76Country Rankings on Economic Freedom 76Bahamas62.9
77Country Rankings on Economic Freedom 77Guatemala62.6
78Country Rankings on Economic Freedom 78Côte d'Ivoire62.4
79Country Rankings on Economic Freedom 79Kyrgyzstan62.3
80Country Rankings on Economic Freedom 80Italy62.2
81Country Rankings on Economic Freedom 81Fiji62.2
82Country Rankings on Economic Freedom 82Samoa62.2
83Country Rankings on Economic Freedom 83Bosnia and Herzegovina61.9
84Country Rankings on Economic Freedom 84El Salvador61.8
85Country Rankings on Economic Freedom 85Paraguay61.8
86Country Rankings on Economic Freedom 86Croatia61.4
87Country Rankings on Economic Freedom 87Seychelles61.4
88Country Rankings on Economic Freedom 88Oman61
89Country Rankings on Economic Freedom 89Dominican Republic61
90Country Rankings on Economic Freedom 90Kuwait60.8
91Country Rankings on Economic Freedom 91Saudi Arabia60.7
92Country Rankings on Economic Freedom 92Montenegro60.5
93Country Rankings on Economic Freedom 93Honduras60.2
94Country Rankings on Economic Freedom 94Tanzania60.2
95Country Rankings on Economic Freedom 95Uganda59.7
96Country Rankings on Economic Freedom 96Burkina Faso59.4
97Country Rankings on Economic Freedom 97Moldova59.1
98Country Rankings on Economic Freedom 98Russia58.9
99Country Rankings on Economic Freedom 99Namibia58.7
100Country Rankings on Economic Freedom 100China58.4
101Country Rankings on Economic Freedom 101Papua New Guinea58.4
102Country Rankings on Economic Freedom 102South Africa58.3
103Country Rankings on Economic Freedom 103Mali58.1
104Country Rankings on Economic Freedom 104Belarus57.9
105Country Rankings on Economic Freedom 105Cambodia57.8
106Country Rankings on Economic Freedom 106Greece57.7
107Country Rankings on Economic Freedom 107Nicaragua57.7
108Country Rankings on Economic Freedom 108Tonga57.7
109Country Rankings on Economic Freedom 109Ghana57.5
110Country Rankings on Economic Freedom 110Laos57.4
111Country Rankings on Economic Freedom 111Nigeria57.3
112Country Rankings on Economic Freedom 112Trinidad and Tobago57
113Country Rankings on Economic Freedom 113Guyana56.8
114Country Rankings on Economic Freedom 114Madagascar56.6
115Country Rankings on Economic Freedom 115Sri Lanka56.4
116Country Rankings on Economic Freedom 116Vanuatu56.4
117Country Rankings on Economic Freedom 117Senegal56.3
118Country Rankings on Economic Freedom 118Gabon56.3
119Country Rankings on Economic Freedom 119Mauritania55.7
120Country Rankings on Economic Freedom 120Guinea55.7
121Country Rankings on Economic Freedom 121Bangladesh55.6
122Country Rankings on Economic Freedom 122Tajikistan55.6
123Country Rankings on Economic Freedom 123Belize55.4
124Country Rankings on Economic Freedom 124Comoros55.4
125Country Rankings on Economic Freedom 125Tunisia55.4
126Country Rankings on Economic Freedom 126Mongolia55.4
127Country Rankings on Economic Freedom 127Benin55.3
128Country Rankings on Economic Freedom 128Vietnam55.3
129Country Rankings on Economic Freedom 129India55.2
130Country Rankings on Economic Freedom 130Kenya55.1
131Country Rankings on Economic Freedom 131Pakistan55
132Country Rankings on Economic Freedom 132Eswatini54.7
133Country Rankings on Economic Freedom 133Solomon Islands54.6
134Country Rankings on Economic Freedom 134São Tomé and Príncipe54
135Country Rankings on Economic Freedom 135Guinea-Bissau54
136Country Rankings on Economic Freedom 136Nepal53.8
137Country Rankings on Economic Freedom 137Ethiopia53.6
138Country Rankings on Economic Freedom 138Zambia53.6
139Country Rankings on Economic Freedom 139Myanmar53.6
140Country Rankings on Economic Freedom 140Uzbekistan53.3
141Country Rankings on Economic Freedom 141Maldives53.2
142Country Rankings on Economic Freedom 79Lesotho53.1
143Country Rankings on Economic Freedom 143Haiti52.7
144Country Rankings on Economic Freedom 144Egypt52.5
145Country Rankings on Economic Freedom 105Cameroon52.4
146Country Rankings on Economic Freedom 146Gambia52.4
147Country Rankings on Economic Freedom 147Ukraine52.3
148Country Rankings on Economic Freedom 148Argentina52.2
149Country Rankings on Economic Freedom 149Micronesia51.9
150Country Rankings on Economic Freedom 150Brazil51.9
151Country Rankings on Economic Freedom 151Niger51.6
152Country Rankings on Economic Freedom 152Afghanistan51.5
153Country Rankings on Economic Freedom 153Malawi51.4
154Country Rankings on Economic Freedom 90Lebanon51.1
155Country Rankings on Economic Freedom 155Iran51.1
156Country Rankings on Economic Freedom 156Angola50.6
157Country Rankings on Economic Freedom 157Democratic Republic of the Congo50.3
158Country Rankings on Economic Freedom 158Togo50.3
159Country Rankings on Economic Freedom 42Chad49.9
160Country Rankings on Economic Freedom 110Liberia49.7
161Country Rankings on Economic Freedom 161Central African Republic49.1
162Country Rankings on Economic Freedom 162Burundi48.9
163Country Rankings on Economic Freedom 163Mozambique48.6
164Country Rankings on Economic Freedom 164Turkmenistan48.4
165Country Rankings on Economic Freedom 165Suriname48.1
166Country Rankings on Economic Freedom 166Sudan47.7
167Country Rankings on Economic Freedom 167Sierra Leone47.5
168Country Rankings on Economic Freedom 168Kiribati47.3
169Country Rankings on Economic Freedom 169Djibouti47.1
170Country Rankings on Economic Freedom 170Ecuador46.9
171Country Rankings on Economic Freedom 171Algeria46.2
172Country Rankings on Economic Freedom 172Timor-Leste44.2
173Country Rankings on Economic Freedom 173Bolivia42.3
174Country Rankings on Economic Freedom 174Equatorial Guinea41
175Country Rankings on Economic Freedom 175Zimbabwe40.4
176Country Rankings on Economic Freedom 176Republic of the Congo39.7
177Country Rankings on Economic Freedom 177Eritrea38.9
178Country Rankings on Economic Freedom 178Cuba27.8
179Country Rankings on Economic Freedom 179Venezuela25.9
180Country Rankings on Economic Freedom 180North Korea5.9

 

Source: The Heritage Foundation
Full report: 2019 World Economic Freedom Index