* indicates monthly or quarterly data series

Monetary freedom index (0-100), 2023:

The average for 2023 based on 176 countries was 72.44 points. The highest value was in Japan: 87.1 points and the lowest value was in North Korea: 0.1 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, 2023 Global rank Available data
Japan 87.1 1 1995 - 2024
Switzerland 85.1 2 1996 - 2024
Comoros 84.9 3 2009 - 2024
Portugal 84.8 4 1995 - 2024
UA Emirates 84.3 5 1996 - 2024
Solomon Isl. 83.8 6 2009 - 2024
Jordan 83.6 7 1995 - 2024
Bahrain 83.5 8 1995 - 2024
Gabon 83 9 1995 - 2024
Israel 83 10 1995 - 2024
Tr.&Tobago 83 11 1996 - 2024
Oman 82.9 12 1995 - 2024
St. Vincent & ... 82.9 13 2009 - 2024
Dominica 82.6 14 2009 - 2024
Italy 82.6 15 1995 - 2024
Taiwan 82.5 16 1995 - 2024
Denmark 82.4 17 1996 - 2024
Slovenia 82.4 18 1996 - 2024
Cape Verde 82.3 19 1996 - 2024
Costa Rica 82.2 20 1995 - 2024
Ecuador 82.2 21 1995 - 2024
Finland 82.1 22 1996 - 2024
Bosnia & Herz. 81.9 23 1998 - 2024
Singapore 81.9 24 1995 - 2024
Montenegro 81.8 25 2002 - 2024
R. of Congo 81.8 26 1996 - 2024
Cyprus 81.5 27 1996 - 2024
Indonesia 81.5 28 1995 - 2024
Ireland 81.5 29 1995 - 2024
Micronesia 81.5 30 2009 - 2024
South Korea 81.4 31 1995 - 2024
Albania 81.3 32 1995 - 2024
Benin 81.1 33 1996 - 2024
Malaysia 81.1 34 1995 - 2024
Saint Lucia 80.9 35 2009 - 2024
Sweden 80.9 36 1995 - 2024
UK 80.8 37 1995 - 2024
Spain 80.6 38 1995 - 2024
Australia 80.5 39 1995 - 2024
Austria 80.4 40 1995 - 2024
Belgium 80.3 41 1996 - 2024
Cameroon 80.3 42 1995 - 2024
Uganda 80.3 43 1995 - 2024
Bulgaria 80.2 44 1995 - 2024
Netherlands 80.2 45 1996 - 2024
Latvia 80.1 46 1996 - 2024
G.-Bissau 79.9 47 1999 - 2024
Maldives 79.9 48 2009 - 2024
Samoa 79.9 49 1996 - 2024
Rwanda 79.7 50 1997 - 2024
Greece 79.6 51 1995 - 2024
Guyana 79.6 52 1995 - 2024
Kiribati 79.5 53 2009 - 2024
Malta 79.3 54 1995 - 2024
Mali 79.2 55 1995 - 2024
Fiji 79 56 1995 - 2024
Saudi Arabia 78.9 57 1996 - 2024
Barbados 78.8 58 1996 - 2024
New Zealand 78.7 59 1996 - 2024
Colombia 78.6 60 1995 - 2024
Mauritania 78.6 61 1996 - 2024
Serbia 78.6 62 2002 - 2024
Namibia 78.5 63 1997 - 2024
Peru 78.5 64 1995 - 2024
Estonia 78.4 65 1995 - 2024
Morocco 78.3 66 1995 - 2024
Lithuania 78.1 67 1996 - 2024
Czechia 78 68 1995 - 2024
USA 78 69 1995 - 2024
Swaziland 77.9 70 1995 - 2024
Eq. Guinea 77.7 71 1999 - 2024
Chile 77.4 72 1995 - 2024
Guatemala 77.4 73 1995 - 2024
Iceland 77.4 74 1997 - 2024
Panama 77.3 75 1995 - 2024
South Africa 77 76 1995 - 2024
France 76.9 77 1995 - 2024
Chad 76.8 78 1997 - 2024
Romania 76.8 79 1995 - 2024
Poland 76.7 80 1995 - 2024
Hungary 76.5 81 1995 - 2024
Burma 76.4 82 1996 - 2024
Croatia 76.4 83 1996 - 2024
Mozambique 76.1 84 1995 - 2024
Bahamas 75.7 85 1995 - 2024
Senegal 75.7 86 1996 - 2024
Belize 75.6 87 1995 - 2024
Qatar 75.6 88 1999 - 2024
Germany 75.3 89 1995 - 2024
Madagascar 75.3 90 1995 - 2024
Algeria 75.1 91 1995 - 2024
Jamaica 75.1 92 1995 - 2024
Libya 75.1 93 1996 - 2023
Luxembourg 75.1 94 1996 - 2024
Egypt 75 95 1995 - 2024
North Macedonia 75 96 2002 - 2024
Lesotho 74.9 97 1996 - 2024
Canada 74.8 98 1995 - 2024
Slovakia 74.8 99 1995 - 2024
Tunisia 74.8 100 1995 - 2024
Kenya 74.7 101 1995 - 2024
Norway 74.4 102 1996 - 2024
Cambodia 74.3 103 1997 - 2024
Mongolia 74.1 104 1995 - 2024
Bolivia 74 105 1995 - 2024
Vanuatu 73.8 106 2009 - 2024
Brazil 73.7 107 1995 - 2024
Burkina Faso 73.5 108 1996 - 2024
C.A. Republic 73.5 109 2002 - 2024
Mauritius 73.4 110 1999 - 2024
Thailand 73.4 111 1995 - 2024
Togo 73.4 112 1999 - 2024
Seychelles 73.3 113 2009 - 2024
Niger 73.2 114 1996 - 2024
Tanzania 73 115 1995 - 2024
Tonga 72.7 116 2009 - 2024
Paraguay 72.6 117 1995 - 2024
China 72.5 118 1995 - 2024
Laos 72.3 119 1996 - 2024
Djibouti 72.2 120 1997 - 2024
Georgia 72 121 1996 - 2024
Honduras 72 122 1995 - 2024
Brunei 71.8 123 2014 - 2024
Nepal 71.8 124 1996 - 2024
Uruguay 71.8 125 1995 - 2024
Papua N.G. 71.5 126 1996 - 2024
Nicaragua 71.3 127 1995 - 2024
Moldova 71.2 128 1995 - 2024
Mexico 70.9 129 1995 - 2024
Malawi 70.8 130 1995 - 2024
Botswana 70.6 131 1995 - 2024
Armenia 70.5 132 1996 - 2024
Vietnam 70.5 133 1995 - 2024
Azerbaijan 70.3 134 1996 - 2024
Ghana 70.3 135 1995 - 2024
El Salvador 70.2 136 1995 - 2024
Sri Lanka 70.2 137 1995 - 2024
Bangladesh 70.1 138 1995 - 2024
India 70 139 1995 - 2024
Kuwait 69.3 140 1996 - 2024
Domin. Rep. 68.8 141 1995 - 2024
Ivory Coast 68.3 142 1995 - 2024
Liberia 68.3 143 2009 - 2024
Philippines 68.3 144 1995 - 2024
Guinea 68.2 145 1995 - 2024
Burundi 67.8 146 1997 - 2024
Turkmenistan 67.8 147 1998 - 2024
Kazakhstan 67.7 148 1998 - 2024
Sierra Leone 67.6 149 1995 - 2024
Iraq 67.1 150 1996 - 2023
Belarus 66.9 151 1995 - 2024
S.T.&Principe 66.5 152 2009 - 2024
Tajikistan 66.3 153 1998 - 2024
DR Congo 65.8 154 1995 - 2024
Pakistan 65.8 155 1995 - 2024
Bhutan 65.6 156 2009 - 2024
Kyrgyzstan 65.4 157 1998 - 2024
Nigeria 65 158 1995 - 2024
Russia 64.9 159 1995 - 2024
Eritrea 64.6 160 2009 - 2024
Uzbekistan 63.4 161 1998 - 2024
Gambia 63.3 162 1997 - 2024
Zambia 62.2 163 1995 - 2024
Angola 58.9 164 1995 - 2024
Turkey 58.6 165 1995 - 2024
Haiti 58.3 166 1995 - 2024
Ethiopia 53.8 167 1995 - 2024
Suriname 46 168 1996 - 2024
Iran 40.6 169 1996 - 2024
Argentina 36.5 170 1995 - 2024
Lebanon 19.5 171 1996 - 2024
Cuba 15.3 172 1995 - 2024
North Korea 0.1 173 1995 - 2024
Sudan 0.1 174 1995 - 2024
Venezuela 0.1 175 1995 - 2024
Zimbabwe 0.1 176 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.

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All articles

87.10
85.10
84.90
84.80
84.30
83.80
83.60
83.50
83.00
83.00
83.00
82.90
82.90
82.60
82.60
82.50
82.40
82.40
82.30
82.20
82.20
82.10
81.90
81.90
81.80
81.80
81.50
81.50
81.50
81.50
81.40
81.30
81.10
81.10
80.90
80.90
80.80
80.60
80.50
80.40
80.30
80.30
80.30
80.20
80.20
80.10
79.90
79.90
79.90
79.70
79.60
79.60
79.50
79.30
79.20
79.00
78.90
78.80
78.70
78.60
78.60
78.60
78.50
78.50
78.40
78.30
78.10
78.00
78.00
77.90
77.70
77.40
77.40
77.40
77.30
77.00
76.90
76.80
76.80
76.70
76.50
76.40
76.40
76.10
75.70
75.70
75.60
75.60
75.30
75.30
75.10
75.10
75.10
75.10
75.00
75.00
74.90
74.80
74.80
74.80
74.70
74.40
74.30
74.10
74.00
73.80
73.70
73.50
73.50
73.40
73.40
73.40
73.30
73.20
73.00
72.70
72.60
72.50
72.30
72.20
72.00
72.00
71.80
71.80
71.80
71.50
71.30
71.20
70.90
70.80
70.60
70.50
70.50
70.30
70.30
70.20
70.20
70.10
70.00
69.30
68.80
68.30
68.30
68.30
68.20
67.80
67.80
67.70
67.60
67.10
66.90
66.50
66.30
65.80
65.80
65.60
65.40
65.00
64.90
64.60
63.40
63.30
62.20
58.90
58.60
58.30
53.80
46.00
40.60
36.50
19.50
15.30
0.10
0.10
0.10
0.10
0
21.8
43.6
65.3
87.1


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