Country Rankings on Economic Freedom

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.

World Economic Freedom Index

Rank	Country	Score
1	Hong Kong	90.2
2	Singapore	89.4
3	New Zealand	84.4
4	Switzerland	81.9
5	Australia	80.9
6	Ireland	80.5
7	United Kingdom	78.9
8	Canada	77.7
9	United Arab Emirates	77.6
10	Taiwan	77.3
11	Iceland	77.1
12	United States of America	76.8
13	Netherlands	76.8
14	Denmark	76.7
15	Estonia	76.6
16	Georgia	75.9
17	Luxembourg	75.9
18	Chile	75.4
19	Sweden	75.2
20	Finland	74.9
21	Lithuania	74.2
22	Malaysia	74
23	Czech Republic	73.7
24	Germany	73.5
25	Mauritius	73
26	Norway	73
27	Israel	72.8
28	Qatar	72.6
29	South Korea	72.3
30	Japan	72.1
31	Austria	72
32	Rwanda	71.1
33	North Macedonia	71.1
34	Macau	71
35	Latvia	70.4
36	Botswana	69.5
37	Bulgaria	69
38	Saint Lucia	68.7
39	Jamaica	68.6
40	Uruguay	68.6
41	Malta	68.6
42	Romania	68.6
43	Thailand	68.3
44	Cyprus	68.1
45	Peru	67.8
46	Poland	67.8
47	Armenia	67.7
48	Belgium	67.3
49	Colombia	67.3
50	Panama	67.2
51	Kosovo	67
52	Albania	66.5
53	Jordan	66.5
54	Bahrain	66.4
55	Saint Vincent and the Grenadines	65.8
56	Indonesia	65.8
57	Spain	65.7
58	Slovenia	65.5
59	Kazakhstan	65.4
60	Azerbaijan	65.4
61	Costa Rica	65.3
62	Portugal	65.3
63	Brunei Darussalam	65.1
64	Hungary	65
65	Slovakia	65
66	Mexico	64.7
67	Barbados	64.7
68	Turkey	64.6
69	Serbia	63.9
70	Philippines	63.8
71	France	63.8
72	Dominica	63.6
73	Cape Verde	63.1
74	Bhutan	62.9
75	Morocco	62.9
76	Bahamas	62.9
77	Guatemala	62.6
78	Côte d'Ivoire	62.4
79	Kyrgyzstan	62.3
80	Italy	62.2
81	Fiji	62.2
82	Samoa	62.2
83	Bosnia and Herzegovina	61.9
84	El Salvador	61.8
85	Paraguay	61.8
86	Croatia	61.4
87	Seychelles	61.4
88	Oman	61
89	Dominican Republic	61
90	Kuwait	60.8
91	Saudi Arabia	60.7
92	Montenegro	60.5
93	Honduras	60.2
94	Tanzania	60.2
95	Uganda	59.7
96	Burkina Faso	59.4
97	Moldova	59.1
98	Russia	58.9
99	Namibia	58.7
100	China	58.4
101	Papua New Guinea	58.4
102	South Africa	58.3
103	Mali	58.1
104	Belarus	57.9
105	Cambodia	57.8
106	Greece	57.7
107	Nicaragua	57.7
108	Tonga	57.7
109	Ghana	57.5
110	Laos	57.4
111	Nigeria	57.3
112	Trinidad and Tobago	57
113	Guyana	56.8
114	Madagascar	56.6
115	Sri Lanka	56.4
116	Vanuatu	56.4
117	Senegal	56.3
118	Gabon	56.3
119	Mauritania	55.7
120	Guinea	55.7
121	Bangladesh	55.6
122	Tajikistan	55.6
123	Belize	55.4
124	Comoros	55.4
125	Tunisia	55.4
126	Mongolia	55.4
127	Benin	55.3
128	Vietnam	55.3
129	India	55.2
130	Kenya	55.1
131	Pakistan	55
132	Eswatini	54.7
133	Solomon Islands	54.6
134	São Tomé and Príncipe	54
135	Guinea-Bissau	54
136	Nepal	53.8
137	Ethiopia	53.6
138	Zambia	53.6
139	Myanmar	53.6
140	Uzbekistan	53.3
141	Maldives	53.2
142	Lesotho	53.1
143	Haiti	52.7
144	Egypt	52.5
145	Cameroon	52.4
146	Gambia	52.4
147	Ukraine	52.3
148	Argentina	52.2
149	Micronesia	51.9
150	Brazil	51.9
151	Niger	51.6
152	Afghanistan	51.5
153	Malawi	51.4
154	Lebanon	51.1
155	Iran	51.1
156	Angola	50.6
157	Democratic Republic of the Congo	50.3
158	Togo	50.3
159	Chad	49.9
160	Liberia	49.7
161	Central African Republic	49.1
162	Burundi	48.9
163	Mozambique	48.6
164	Turkmenistan	48.4
165	Suriname	48.1
166	Sudan	47.7
167	Sierra Leone	47.5
168	Kiribati	47.3
169	Djibouti	47.1
170	Ecuador	46.9
171	Algeria	46.2
172	Timor-Leste	44.2
173	Bolivia	42.3
174	Equatorial Guinea	41
175	Zimbabwe	40.4
176	Republic of the Congo	39.7
177	Eritrea	38.9
178	Cuba	27.8
179	Venezuela	25.9
180	North Korea	5.9