Economic freedom, overall index - Country rankings
* indicates monthly or quarterly data series
Economic freedom, overall index (0-100), 2024:
The average for 2024 based on 41 countries was 58 index points. The highest value was in Singapore: 84 index points and the lowest value was in North Korea: 3 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.Measure: index points; Source: The Heritage Foundation
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* indicates monthly or quarterly data series
Countries | Economic freedom, overall index, 2024 | Global rank | Available data |
---|---|---|---|
Singapore | 84 | 1 | 1995 - 2024 |
Taiwan | 80 | 2 | 1995 - 2024 |
South Korea | 73 | 3 | 1995 - 2024 |
UA Emirates | 71 | 4 | 1996 - 2024 |
Israel | 70 | 5 | 1995 - 2024 |
Qatar | 69 | 6 | 1999 - 2024 |
Georgia | 68 | 7 | 1996 - 2024 |
Japan | 68 | 8 | 1995 - 2024 |
Brunei | 66 | 9 | 2014 - 2024 |
Malaysia | 66 | 10 | 1995 - 2024 |
Armenia | 65 | 11 | 1996 - 2024 |
Indonesia | 64 | 12 | 1995 - 2024 |
Bahrain | 63 | 13 | 1995 - 2024 |
Oman | 63 | 14 | 1995 - 2024 |
Vietnam | 63 | 15 | 1995 - 2024 |
Azerbaijan | 62 | 16 | 1996 - 2024 |
Kazakhstan | 62 | 17 | 1998 - 2024 |
Saudi Arabia | 62 | 18 | 1996 - 2024 |
Mongolia | 61 | 19 | 1995 - 2024 |
Kuwait | 59 | 20 | 1996 - 2024 |
Philippines | 59 | 21 | 1995 - 2024 |
Thailand | 59 | 22 | 1995 - 2024 |
Jordan | 58 | 23 | 1995 - 2024 |
Cambodia | 56 | 24 | 1997 - 2024 |
Uzbekistan | 56 | 25 | 1998 - 2024 |
Bhutan | 55 | 26 | 2009 - 2024 |
Kyrgyzstan | 55 | 27 | 1998 - 2024 |
Bangladesh | 54 | 28 | 1995 - 2024 |
India | 53 | 29 | 1995 - 2024 |
Nepal | 52 | 30 | 1996 - 2024 |
Laos | 51 | 31 | 1996 - 2024 |
Tajikistan | 51 | 32 | 1998 - 2024 |
Pakistan | 50 | 33 | 1995 - 2024 |
China | 49 | 34 | 1995 - 2024 |
Sri Lanka | 49 | 35 | 1995 - 2024 |
Lebanon | 48 | 36 | 1996 - 2024 |
Maldives | 48 | 37 | 2009 - 2024 |
Turkmenistan | 46 | 38 | 1998 - 2024 |
Burma | 42 | 39 | 1996 - 2024 |
Iran | 41 | 40 | 1996 - 2024 |
North Korea | 3 | 41 | 1995 - 2024 |
Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.
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