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 61 index points. The highest value was in Canada: 74 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 |
|---|---|---|---|
| Canada | 74 | 1 | 1995 - 2024 |
| USA | 71 | 2 | 1995 - 2024 |
| Barbados | 70 | 3 | 1996 - 2024 |
| Jamaica | 68 | 4 | 1995 - 2024 |
| Costa Rica | 67 | 5 | 1995 - 2024 |
| Panama | 64 | 6 | 1995 - 2024 |
| St. Vincent & ... | 64 | 7 | 2009 - 2024 |
| Bahamas | 63 | 8 | 1995 - 2024 |
| Domin. Rep. | 63 | 9 | 1995 - 2024 |
| Guatemala | 63 | 10 | 1995 - 2024 |
| Mexico | 63 | 11 | 1995 - 2024 |
| Saint Lucia | 61 | 12 | 2009 - 2024 |
| Belize | 60 | 13 | 1995 - 2024 |
| Dominica | 60 | 14 | 2009 - 2024 |
| Tr.&Tobago | 60 | 15 | 1996 - 2024 |
| Honduras | 59 | 16 | 1995 - 2024 |
| El Salvador | 56 | 17 | 1995 - 2024 |
| Nicaragua | 55 | 18 | 1995 - 2024 |
| Haiti | 50 | 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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74
71
70
68
67
64
64
63
63
63
63
61
60
60
60
59
56
55
50
24
0
18.5
37
55.5
74
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