Monetary freedom - Country rankings

* indicates monthly or quarterly data series

Monetary freedom index (0-100), 2024:

The average for 2024 based on 174 countries was 67.58 points. The highest value was in Benin: 81.9 points and the lowest value was in North Korea: 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 Monetary freedom, 2024 Global rank Available data
Benin 81.9 1 1996 - 2024
Japan 81.7 2 1995 - 2024
Switzerland 80.8 3 1996 - 2024
Oman 80.3 4 1995 - 2024
Taiwan 80.1 5 1995 - 2024
R. of Congo 79.8 6 1996 - 2024
Saudi Arabia 79.6 7 1996 - 2024
Bahrain 79.5 8 1995 - 2024
Malaysia 79.1 9 1995 - 2024
Jordan 78.7 10 1995 - 2024
Gabon 78.6 11 1995 - 2024
Indonesia 78.4 12 1995 - 2024
Israel 78.4 13 1995 - 2024
UA Emirates 78.3 14 1996 - 2024
Barbados 77.7 15 1996 - 2024
Micronesia 77.6 16 2009 - 2024
Solomon Isl. 77.4 17 2009 - 2024
South Korea 77.3 18 1995 - 2024
St. Vincent & ... 77 19 2009 - 2024
Seychelles 77 20 2009 - 2024
Kiribati 76.9 21 2009 - 2024
Tr.&Tobago 76.7 22 1996 - 2024
Swaziland 76.6 23 1995 - 2024
Singapore 76.3 24 1995 - 2024
Maldives 76.2 25 2009 - 2024
Cameroon 75.9 26 1995 - 2024
Saint Lucia 75.9 27 2009 - 2024
Dominica 75.8 28 2009 - 2024
Albania 75.7 29 1995 - 2024
Namibia 75.7 30 1997 - 2024
Australia 75.6 31 1995 - 2024
Guyana 75.5 32 1995 - 2024
Finland 75.4 33 1996 - 2024
Ecuador 75.3 34 1995 - 2024
Panama 75.1 35 1995 - 2024
Uganda 75.1 36 1995 - 2024
Portugal 75 37 1995 - 2024
Cape Verde 74.8 38 1996 - 2024
Guatemala 74.6 39 1995 - 2024
New Zealand 74.6 40 1996 - 2024
Costa Rica 74.5 41 1995 - 2024
Cyprus 74.5 42 1996 - 2024
Ireland 74.5 43 1995 - 2024
South Africa 74.5 44 1995 - 2024
Sweden 74.4 45 1995 - 2024
Denmark 74.3 46 1996 - 2024
G.-Bissau 74.2 47 1999 - 2024
Italy 74.1 48 1995 - 2024
Slovenia 74.1 49 1996 - 2024
Spain 74.1 50 1995 - 2024
Peru 74 51 1995 - 2024
Austria 73.8 52 1995 - 2024
Fiji 73.8 53 1995 - 2024
USA 73.8 54 1995 - 2024
Samoa 73.6 55 1996 - 2024
UK 73.6 56 1995 - 2024
Iceland 73.4 57 1997 - 2024
Kenya 73.2 58 1995 - 2024
Madagascar 73 59 1995 - 2024
Egypt 72.9 60 1995 - 2024
Eq. Guinea 72.8 61 1999 - 2024
Lesotho 72.8 62 1996 - 2024
Mali 72.7 63 1995 - 2024
Mauritania 72.7 64 1996 - 2024
Tunisia 72.7 65 1995 - 2024
Belgium 72.4 66 1996 - 2024
Bolivia 72.4 67 1995 - 2024
Colombia 72.3 68 1995 - 2024
Niger 72.3 69 1996 - 2024
Qatar 72.2 70 1999 - 2024
Tanzania 72.2 71 1995 - 2024
Algeria 71.9 72 1995 - 2024
Mozambique 71.9 73 1995 - 2024
China 71.8 74 1995 - 2024
Malta 71.8 75 1995 - 2024
Bahamas 71.7 76 1995 - 2024
Chad 71.7 77 1997 - 2024
Comoros 71.7 78 2009 - 2024
Brazil 71.6 79 1995 - 2024
France 71.6 80 1995 - 2024
Liberia 71.6 81 2009 - 2024
Cambodia 71.5 82 1997 - 2024
Netherlands 71.5 83 1996 - 2024
Jamaica 71.2 84 1995 - 2024
Morocco 71.1 85 1995 - 2024
Norway 71.1 86 1996 - 2024
Belize 70.9 87 1995 - 2024
C.A. Republic 70.9 88 2002 - 2024
Chile 70.9 89 1995 - 2024
Serbia 70.9 90 2002 - 2024
Papua N.G. 70.8 91 1996 - 2024
Montenegro 70.7 92 2002 - 2024
Bulgaria 70.5 93 1995 - 2024
Canada 70.3 94 1995 - 2024
Bosnia & Herz. 70.1 95 1998 - 2024
Nepal 70 96 1996 - 2024
Vanuatu 69.9 97 2009 - 2024
Rwanda 69.8 98 1997 - 2024
Bangladesh 69.5 99 1995 - 2024
Georgia 69.3 100 1996 - 2024
Romania 69.3 101 1995 - 2024
Vietnam 69.3 102 1995 - 2024
Bhutan 69.2 103 2009 - 2024
India 69.1 104 1995 - 2024
Luxembourg 69.1 105 1996 - 2024
Togo 69.1 106 1999 - 2024
Guinea 69 107 1995 - 2024
Brunei 68.9 108 2014 - 2024
Greece 68.9 109 1995 - 2024
Poland 68.9 110 1995 - 2024
Czechia 68.8 111 1995 - 2024
Germany 68.8 112 1995 - 2024
Hungary 68.8 113 1995 - 2024
Mexico 68.3 114 1995 - 2024
Senegal 68 115 1996 - 2024
Burma 67.9 116 1996 - 2024
Kuwait 67.9 117 1996 - 2024
Mongolia 67.9 118 1995 - 2024
Latvia 67.8 119 1996 - 2024
Tajikistan 67.8 120 1998 - 2024
Honduras 67.7 121 1995 - 2024
Armenia 67.5 122 1996 - 2024
Djibouti 67.5 123 1997 - 2024
Croatia 67.4 124 1996 - 2024
Turkmenistan 67.4 125 1998 - 2024
Paraguay 67.3 126 1995 - 2024
Domin. Rep. 66.9 127 1995 - 2024
Mauritius 66.7 128 1999 - 2024
Thailand 66.7 129 1995 - 2024
Lithuania 66.5 130 1996 - 2024
Nicaragua 66.5 131 1995 - 2024
Ivory Coast 66.3 132 1995 - 2024
Estonia 66.2 133 1995 - 2024
Uruguay 66.2 134 1995 - 2024
Zambia 66.2 135 1995 - 2024
Slovakia 66.1 136 1995 - 2024
Philippines 65.8 137 1995 - 2024
DR Congo 65.6 138 1995 - 2024
Botswana 65.1 139 1995 - 2024
El Salvador 64.9 140 1995 - 2024
North Macedonia 64.6 141 2002 - 2024
Burkina Faso 64.5 142 1996 - 2024
Tonga 64.4 143 2009 - 2024
Malawi 64 144 1995 - 2024
Azerbaijan 63.9 145 1996 - 2024
Eritrea 63.8 146 2009 - 2024
Pakistan 63.8 147 1995 - 2024
Uzbekistan 63.6 148 1998 - 2024
Nigeria 63.2 149 1995 - 2024
Kazakhstan 62.6 150 1998 - 2024
Kyrgyzstan 62.4 151 1998 - 2024
Belarus 62.2 152 1995 - 2024
S.T.&Principe 60.6 153 2009 - 2024
Burundi 60.3 154 1997 - 2024
Sierra Leone 60.2 155 1995 - 2024
Angola 60 156 1995 - 2024
Gambia 60 157 1997 - 2024
Laos 59.1 158 1996 - 2024
Russia 58.9 159 1995 - 2024
Ghana 58.6 160 1995 - 2024
Moldova 56.3 161 1995 - 2024
Haiti 53.8 162 1995 - 2024
Ethiopia 49.8 163 1995 - 2024
Sri Lanka 49.2 164 1995 - 2024
Suriname 44.1 165 1996 - 2024
Turkey 38.5 166 1995 - 2024
Iran 38.2 167 1996 - 2024
Argentina 29.4 168 1995 - 2024
Cuba 20.3 169 1995 - 2024
Lebanon 10.1 170 1996 - 2024
North Korea 0 171 1995 - 2024
Sudan 0 172 1995 - 2024
Venezuela 0 173 1995 - 2024
Zimbabwe 0 174 1995 - 2024



Definition: The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.

Selected articles from our guide:

The unholy trinity of international finance

Most commonly used measures of corruption

All articles

1. Benin
2. Japan
3. Switzerland
4. Oman
5. Taiwan
6. R. of Congo
7. Saudi Arabia
8. Bahrain
9. Malaysia
10. Jordan
11. Gabon
12. Indonesia
13. Israel
14. UA Emirates
15. Barbados
16. Micronesia
17. Solomon Isl.
18. South Korea
19. St. Vincent & ...
20. Seychelles
21. Kiribati
22. Tr.&Tobago
23. Swaziland
24. Singapore
25. Maldives
26. Cameroon
27. Saint Lucia
28. Dominica
29. Albania
30. Namibia
31. Australia
32. Guyana
33. Finland
34. Ecuador
35. Panama
36. Uganda
37. Portugal
38. Cape Verde
39. Guatemala
40. New Zealand
41. Costa Rica
42. Cyprus
43. Ireland
44. South Africa
45. Sweden
46. Denmark
47. G.-Bissau
48. Italy
49. Slovenia
50. Spain
51. Peru
52. Austria
53. Fiji
54. USA
55. Samoa
56. UK
57. Iceland
58. Kenya
59. Madagascar
60. Egypt
61. Eq. Guinea
62. Lesotho
63. Mali
64. Mauritania
65. Tunisia
66. Belgium
67. Bolivia
68. Colombia
69. Niger
70. Qatar
71. Tanzania
72. Algeria
73. Mozambique
74. China
75. Malta
76. Bahamas
77. Chad
78. Comoros
79. Brazil
80. France
81. Liberia
82. Cambodia
83. Netherlands
84. Jamaica
85. Morocco
86. Norway
87. Belize
88. C.A. Republic
89. Chile
90. Serbia
91. Papua N.G.
92. Montenegro
93. Bulgaria
94. Canada
95. Bosnia & Herz.
96. Nepal
97. Vanuatu
98. Rwanda
99. Bangladesh
100. Georgia
101. Romania
102. Vietnam
103. Bhutan
104. India
105. Luxembourg
106. Togo
107. Guinea
108. Brunei
109. Greece
110. Poland
111. Czechia
112. Germany
113. Hungary
114. Mexico
115. Senegal
116. Burma
117. Kuwait
118. Mongolia
119. Latvia
120. Tajikistan
121. Honduras
122. Armenia
123. Djibouti
124. Croatia
125. Turkmenistan
126. Paraguay
127. Domin. Rep.
128. Mauritius
129. Thailand
130. Lithuania
131. Nicaragua
132. Ivory Coast
133. Estonia
134. Uruguay
135. Zambia
136. Slovakia
137. Philippines
138. DR Congo
139. Botswana
140. El Salvador
141. North Macedonia
142. Burkina Faso
143. Tonga
144. Malawi
145. Azerbaijan
146. Eritrea
147. Pakistan
148. Uzbekistan
149. Nigeria
150. Kazakhstan
151. Kyrgyzstan
152. Belarus
153. S.T.&Principe
154. Burundi
155. Sierra Leone
156. Angola
157. Gambia
158. Laos
159. Russia
160. Ghana
161. Moldova
162. Haiti
163. Ethiopia
164. Sri Lanka
165. Suriname
166. Turkey
167. Iran
168. Argentina
169. Cuba
170. Lebanon
171. North Korea
172. Sudan
173. Venezuela
174. Zimbabwe
81.90
81.70
80.80
80.30
80.10
79.80
79.60
79.50
79.10
78.70
78.60
78.40
78.40
78.30
77.70
77.60
77.40
77.30
77.00
77.00
76.90
76.70
76.60
76.30
76.20
75.90
75.90
75.80
75.70
75.70
75.60
75.50
75.40
75.30
75.10
75.10
75.00
74.80
74.60
74.60
74.50
74.50
74.50
74.50
74.40
74.30
74.20
74.10
74.10
74.10
74.00
73.80
73.80
73.80
73.60
73.60
73.40
73.20
73.00
72.90
72.80
72.80
72.70
72.70
72.70
72.40
72.40
72.30
72.30
72.20
72.20
71.90
71.90
71.80
71.80
71.70
71.70
71.70
71.60
71.60
71.60
71.50
71.50
71.20
71.10
71.10
70.90
70.90
70.90
70.90
70.80
70.70
70.50
70.30
70.10
70.00
69.90
69.80
69.50
69.30
69.30
69.30
69.20
69.10
69.10
69.10
69.00
68.90
68.90
68.90
68.80
68.80
68.80
68.30
68.00
67.90
67.90
67.90
67.80
67.80
67.70
67.50
67.50
67.40
67.40
67.30
66.90
66.70
66.70
66.50
66.50
66.30
66.20
66.20
66.20
66.10
65.80
65.60
65.10
64.90
64.60
64.50
64.40
64.00
63.90
63.80
63.80
63.60
63.20
62.60
62.40
62.20
60.60
60.30
60.20
60.00
60.00
59.10
58.90
58.60
56.30
53.80
49.80
49.20
44.10
38.50
38.20
29.40
20.30
10.10
0.00
0.00
0.00
0.00
0
20.5
41
61.4
81.9


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