Economic freedom, overall index - Country rankings
* indicates monthly or quarterly data series
Economic freedom, overall index (0-100), 2023:
The average for 2023 based on 10 countries was 63 index points. The highest value was in New Zealand: 79 index points and the lowest value was in Papua New Guinea: 52 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
Select indicator
* indicates monthly or quarterly data series
| Countries | Economic freedom, overall index, 2023 | Global rank | Available data |
|---|---|---|---|
| New Zealand | 79 | 1 | 1996 - 2024 |
| Australia | 75 | 2 | 1995 - 2024 |
| Samoa | 68 | 3 | 1996 - 2024 |
| Micronesia | 63 | 4 | 2009 - 2024 |
| Vanuatu | 62 | 5 | 2009 - 2024 |
| Tonga | 60 | 6 | 2009 - 2024 |
| Kiribati | 59 | 7 | 2009 - 2024 |
| Fiji | 58 | 8 | 1995 - 2024 |
| Solomon Isl. | 57 | 9 | 2009 - 2024 |
| Papua N.G. | 52 | 10 | 1996 - 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.
Selected articles from our guide:
The unholy trinity of international finance
Most commonly used measures of corruption
All articles
79
75
68
63
62
60
59
58
57
52
0
19.8
39.5
59.3
79
Economic freedom, overall index around the world Economic freedom, overall index in Europe Economic freedom, overall index in Asia Economic freedom, overall index in Africa Economic freedom, overall index in North America Economic freedom, overall index in South America Economic freedom, overall index in the European union Economic freedom, overall index in Sub Sahara Africa Economic freedom, overall index in MENA Economic freedom, overall index in South East Asia Economic freedom, overall index in Latin America