Investment freedom - Country rankings

* indicates monthly or quarterly data series

Investment freedom index (0-100), 2024:

The average for 2024 based on 175 countries was 56 points. The highest value was in Luxembourg: 95 points and the lowest value was in Eritrea: 0 points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

Measure: points; Source: The Heritage Foundation
Select indicator
* indicates monthly or quarterly data series


Countries Investment freedom, 2024 Global rank Available data
Luxembourg 95 1 1996 - 2024
Denmark 90 2 1996 - 2024
Estonia 90 3 1995 - 2024
Ireland 90 4 1995 - 2024
Netherlands 90 5 1996 - 2024
Singapore 90 6 1995 - 2024
Bahrain 85 7 1995 - 2024
Belgium 85 8 1996 - 2024
Finland 85 9 1996 - 2024
Latvia 85 10 1996 - 2024
Sweden 85 11 1995 - 2024
Switzerland 85 12 1996 - 2024
Australia 80 13 1995 - 2024
Austria 80 14 1995 - 2024
Canada 80 15 1995 - 2024
Cape Verde 80 16 1996 - 2024
Georgia 80 17 1996 - 2024
Germany 80 18 1995 - 2024
Hungary 80 19 1995 - 2024
Iceland 80 20 1997 - 2024
Italy 80 21 1995 - 2024
Liechtenstein 80 22 2014 - 2024
Poland 80 23 1995 - 2024
Spain 80 24 1995 - 2024
UK 80 25 1995 - 2024
USA 80 26 1995 - 2024
Armenia 75 27 1996 - 2024
Cyprus 75 28 1996 - 2024
France 75 29 1995 - 2024
Ivory Coast 75 30 1995 - 2024
Mexico 75 31 1995 - 2024
Montenegro 75 32 2002 - 2024
Norway 75 33 1996 - 2024
Panama 75 34 1995 - 2024
Paraguay 75 35 1995 - 2024
Peru 75 36 1995 - 2024
Slovakia 75 37 1995 - 2024
Albania 70 38 1995 - 2024
Azerbaijan 70 39 1996 - 2024
Colombia 70 40 1995 - 2024
Croatia 70 41 1996 - 2024
Czechia 70 42 1995 - 2024
Dominica 70 43 2009 - 2024
Domin. Rep. 70 44 1995 - 2024
Ghana 70 45 1995 - 2024
Guatemala 70 46 1995 - 2024
Israel 70 47 1995 - 2024
Jamaica 70 48 1995 - 2024
Japan 70 49 1995 - 2024
Jordan 70 50 1995 - 2024
Lithuania 70 51 1996 - 2024
Malta 70 52 1995 - 2024
Mauritius 70 53 1999 - 2024
New Zealand 70 54 1996 - 2024
Portugal 70 55 1995 - 2024
Romania 70 56 1995 - 2024
St. Vincent & ... 70 57 2009 - 2024
Serbia 70 58 2002 - 2024
Slovenia 70 59 1996 - 2024
Taiwan 70 60 1995 - 2024
Turkey 70 61 1995 - 2024
Bosnia & Herz. 65 62 1998 - 2024
Brunei 65 63 2014 - 2024
Burkina Faso 65 64 1996 - 2024
Egypt 65 65 1995 - 2024
Gambia 65 66 1997 - 2024
Honduras 65 67 1995 - 2024
Mali 65 68 1995 - 2024
Morocco 65 69 1995 - 2024
Namibia 65 70 1997 - 2024
North Macedonia 65 71 2002 - 2024
Vanuatu 65 72 2009 - 2024
Barbados 60 73 1996 - 2024
Botswana 60 74 1995 - 2024
Bulgaria 60 75 1995 - 2024
Chad 60 76 1997 - 2024
Chile 60 77 1995 - 2024
Costa Rica 60 78 1995 - 2024
Djibouti 60 79 1997 - 2024
El Salvador 60 80 1995 - 2024
Gabon 60 81 1995 - 2024
Kyrgyzstan 60 82 1998 - 2024
Malaysia 60 83 1995 - 2024
Nicaragua 60 84 1995 - 2024
Oman 60 85 1995 - 2024
Pakistan 60 86 1995 - 2024
Philippines 60 87 1995 - 2024
Qatar 60 88 1999 - 2024
Rwanda 60 89 1997 - 2024
Saint Lucia 60 90 2009 - 2024
S.T.&Principe 60 91 2009 - 2024
Senegal 60 92 1996 - 2024
Sierra Leone 60 93 1995 - 2024
South Korea 60 94 1995 - 2024
Togo 60 95 1999 - 2024
Tr.&Tobago 60 96 1996 - 2024
Uruguay 60 97 1995 - 2024
Uzbekistan 60 98 1998 - 2024
Argentina 55 99 1995 - 2024
Belize 55 100 1995 - 2024
Fiji 55 101 1995 - 2024
Greece 55 102 1995 - 2024
Guyana 55 103 1995 - 2024
Kenya 55 104 1995 - 2024
Kuwait 55 105 1996 - 2024
Lesotho 55 106 1996 - 2024
Liberia 55 107 2009 - 2024
Madagascar 55 108 1995 - 2024
Moldova 55 109 1995 - 2024
Niger 55 110 1996 - 2024
Seychelles 55 111 2009 - 2024
Tanzania 55 112 1995 - 2024
Thailand 55 113 1995 - 2024
Uganda 55 114 1995 - 2024
Zambia 55 115 1995 - 2024
Bahamas 50 116 1995 - 2024
Bangladesh 50 117 1995 - 2024
Benin 50 118 1996 - 2024
Brazil 50 119 1995 - 2024
Burundi 50 120 1997 - 2024
Cambodia 50 121 1997 - 2024
Guinea 50 122 1995 - 2024
Indonesia 50 123 1995 - 2024
Kazakhstan 50 124 1998 - 2024
Malawi 50 125 1995 - 2024
Mauritania 50 126 1996 - 2024
Mongolia 50 127 1995 - 2024
Samoa 50 128 1996 - 2024
Saudi Arabia 50 129 1996 - 2024
Swaziland 50 130 1995 - 2024
UA Emirates 50 131 1996 - 2024
C.A. Republic 45 132 2002 - 2024
Comoros 45 133 2009 - 2024
Nigeria 45 134 1995 - 2024
Eq. Guinea 40 135 1999 - 2024
India 40 136 1995 - 2024
Mozambique 40 137 1995 - 2024
South Africa 40 138 1995 - 2024
Suriname 40 139 1996 - 2024
Tonga 40 140 2009 - 2024
Vietnam 40 141 1995 - 2024
Laos 35 142 1996 - 2024
Maldives 35 143 2009 - 2024
Micronesia 35 144 2009 - 2024
R. of Congo 35 145 1996 - 2024
Algeria 30 146 1995 - 2024
Angola 30 147 1995 - 2024
Belarus 30 148 1995 - 2024
Burma 30 149 1996 - 2024
Cameroon 30 150 1995 - 2024
DR Congo 30 151 1995 - 2024
Ecuador 30 152 1995 - 2024
Ethiopia 30 153 1995 - 2024
G.-Bissau 30 154 1999 - 2024
Haiti 30 155 1995 - 2024
Kiribati 30 156 2009 - 2024
Lebanon 30 157 1996 - 2024
Russia 30 158 1995 - 2024
Sri Lanka 30 159 1995 - 2024
Tunisia 30 160 1995 - 2024
Papua N.G. 25 161 1996 - 2024
Tajikistan 25 162 1998 - 2024
Zimbabwe 25 163 1995 - 2024
Bhutan 20 164 2009 - 2024
China 20 165 1995 - 2024
Bolivia 15 166 1995 - 2024
Solomon Isl. 15 167 2009 - 2024
Cuba 10 168 1995 - 2024
Nepal 10 169 1996 - 2024
Turkmenistan 10 170 1998 - 2024
Iran 5 171 1996 - 2024
Sudan 5 172 1995 - 2024
Eritrea 0 173 2009 - 2024
North Korea 0 174 1995 - 2024
Venezuela 0 175 1995 - 2024



Definition: The Investment freedom index evaluates a variety of investment restrictions (burdensome bureaucracy, restrictions on land ownership, expropriation of investments without fair compensation, foreign exchange controls, capital control, security problems, a lack of basic investment infrastructure, etc.). Points are deducted from the ideal score of 100 for each of the restrictions found in a country’s investment regime.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

1. Luxembourg
2. Denmark
3. Estonia
4. Ireland
5. Netherlands
6. Singapore
7. Bahrain
8. Belgium
9. Finland
10. Latvia
11. Sweden
12. Switzerland
13. Australia
14. Austria
15. Canada
16. Cape Verde
17. Georgia
18. Germany
19. Hungary
20. Iceland
21. Italy
22. Liechtenstein
23. Poland
24. Spain
25. UK
26. USA
27. Armenia
28. Cyprus
29. France
30. Ivory Coast
31. Mexico
32. Montenegro
33. Norway
34. Panama
35. Paraguay
36. Peru
37. Slovakia
38. Albania
39. Azerbaijan
40. Colombia
41. Croatia
42. Czechia
43. Dominica
44. Domin. Rep.
45. Ghana
46. Guatemala
47. Israel
48. Jamaica
49. Japan
50. Jordan
51. Lithuania
52. Malta
53. Mauritius
54. New Zealand
55. Portugal
56. Romania
57. St. Vincent & ...
58. Serbia
59. Slovenia
60. Taiwan
61. Turkey
62. Bosnia & Herz.
63. Brunei
64. Burkina Faso
65. Egypt
66. Gambia
67. Honduras
68. Mali
69. Morocco
70. Namibia
71. North Macedonia
72. Vanuatu
73. Barbados
74. Botswana
75. Bulgaria
76. Chad
77. Chile
78. Costa Rica
79. Djibouti
80. El Salvador
81. Gabon
82. Kyrgyzstan
83. Malaysia
84. Nicaragua
85. Oman
86. Pakistan
87. Philippines
88. Qatar
89. Rwanda
90. Saint Lucia
91. S.T.&Principe
92. Senegal
93. Sierra Leone
94. South Korea
95. Togo
96. Tr.&Tobago
97. Uruguay
98. Uzbekistan
99. Argentina
100. Belize
101. Fiji
102. Greece
103. Guyana
104. Kenya
105. Kuwait
106. Lesotho
107. Liberia
108. Madagascar
109. Moldova
110. Niger
111. Seychelles
112. Tanzania
113. Thailand
114. Uganda
115. Zambia
116. Bahamas
117. Bangladesh
118. Benin
119. Brazil
120. Burundi
121. Cambodia
122. Guinea
123. Indonesia
124. Kazakhstan
125. Malawi
126. Mauritania
127. Mongolia
128. Samoa
129. Saudi Arabia
130. Swaziland
131. UA Emirates
132. C.A. Republic
133. Comoros
134. Nigeria
135. Eq. Guinea
136. India
137. Mozambique
138. South Africa
139. Suriname
140. Tonga
141. Vietnam
142. Laos
143. Maldives
144. Micronesia
145. R. of Congo
146. Algeria
147. Angola
148. Belarus
149. Burma
150. Cameroon
151. DR Congo
152. Ecuador
153. Ethiopia
154. G.-Bissau
155. Haiti
156. Kiribati
157. Lebanon
158. Russia
159. Sri Lanka
160. Tunisia
161. Papua N.G.
162. Tajikistan
163. Zimbabwe
164. Bhutan
165. China
166. Bolivia
167. Solomon Isl.
168. Cuba
169. Nepal
170. Turkmenistan
171. Iran
172. Sudan
173. Eritrea
174. North Korea
175. Venezuela
95
90
90
90
90
90
85
85
85
85
85
85
80
80
80
80
80
80
80
80
80
80
80
80
80
80
75
75
75
75
75
75
75
75
75
75
75
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
70
65
65
65
65
65
65
65
65
65
65
65
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
60
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
55
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
50
45
45
45
40
40
40
40
40
40
40
35
35
35
35
30
30
30
30
30
30
30
30
30
30
30
30
30
30
30
25
25
25
20
20
15
15
10
10
10
5
5
0
0
0
0
23.8
47.5
71.3
95


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