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 20 countries was 56 index points. The highest value was in Chile: 71 index points and the lowest value was in Cuba: 24 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, 2023 | Global rank | Available data |
|---|---|---|---|
| Chile | 71 | 1 | 1995 - 2024 |
| Uruguay | 70 | 2 | 1995 - 2024 |
| Costa Rica | 67 | 3 | 1995 - 2024 |
| Peru | 67 | 4 | 1995 - 2024 |
| Panama | 64 | 5 | 1995 - 2024 |
| Colombia | 63 | 6 | 1995 - 2024 |
| Domin. Rep. | 63 | 7 | 1995 - 2024 |
| Guatemala | 63 | 8 | 1995 - 2024 |
| Mexico | 63 | 9 | 1995 - 2024 |
| Paraguay | 61 | 10 | 1995 - 2024 |
| Honduras | 59 | 11 | 1995 - 2024 |
| El Salvador | 56 | 12 | 1995 - 2024 |
| Ecuador | 55 | 13 | 1995 - 2024 |
| Nicaragua | 55 | 14 | 1995 - 2024 |
| Brazil | 54 | 15 | 1995 - 2024 |
| Argentina | 51 | 16 | 1995 - 2024 |
| Haiti | 50 | 17 | 1995 - 2024 |
| Bolivia | 43 | 18 | 1995 - 2024 |
| Venezuela | 26 | 19 | 1995 - 2024 |
| Cuba | 24 | 20 | 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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71
70
67
67
64
63
63
63
63
61
59
56
55
55
54
51
50
43
26
24
0
17.8
35.5
53.3
71
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