Canada: Monetary freedom

* indicates monthly or quarterly data series
 Canada

Monetary freedom index (0-100)

 Latest value 70.30
 Year 2024
 Measure points
 Data availability 1995 - 2024
 Average 80.87
 Min - Max 70.30 - 89.70
 Source The Heritage Foundation
For that indicator, we provide data for Canada from 1995 to 2024. The average value for Canada during that period was 80.87 points with a minimum of 70.3 points in 2024 and a maximum of 89.7 points in 1996. The latest value from 2024 is 70.3 points. For comparison, the world average in 2024 based on 174 countries is 67.58 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
Canada - Monetary freedom - Recent values chart

Historical chart
Canada - Monetary freedom - historical chart - 1995-2024




The Monetary Freedom index for Canada from The Heritage Foundation reflects the stability of prices in Canada and the use of price controls by the government. Price stability with minimal price controls is the ideal state for the free market.
Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

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 Related indicators Latest value Reference Measure
 Property rights 89 2024 points
 Freedom from corruption 73 2024 points
 Fiscal freedom 34 2024 points
 Business freedom 84 2024 points
 Labor freedom 70 2024 points
 Monetary freedom 70.30 2024 points
 Trade freedom 84 2024 points
 Investment freedom 80 2024 points
 Financial freedom 80 2024 points
 Economic freedom, overall index 72 2024 index points
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