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 12 countries was 55 index points. The highest value was in Chile: 71 index points and the lowest value was in Venezuela: 26 index points. The indicator is available from 1995 to 2023. 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 | - |
| Uruguay | 70 | 2 | - |
| Peru | 67 | 3 | - |
| Colombia | 63 | 4 | - |
| Paraguay | 61 | 5 | - |
| Guyana | 57 | 6 | - |
| Ecuador | 55 | 7 | - |
| Brazil | 54 | 8 | - |
| Argentina | 51 | 9 | - |
| Suriname | 46 | 10 | - |
| Bolivia | 43 | 11 | - |
| Venezuela | 26 | 12 | - |
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.
71
70
67
63
61
57
55
54
51
46
43
26
0
17.8
35.5
53.3
71
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