* 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 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 -
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.

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