Monetary freedom - Country rankings

* indicates monthly or quarterly data series

Monetary freedom index (0-100), 2025:

The average for 2025 based on 174 countries was 67.6 points. The highest value was in Bahrain: 88.7 points and the lowest value was in Lebanon: 0 points. The indicator is available from 1995 to 2025. 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, 2025 Global rank Available data
Bahrain 88.7 1 1995 - 2025
Oman 82.5 2 1995 - 2025
Singapore 81 3 1995 - 2025
Switzerland 80.7 4 1996 - 2025
UA Emirates 80.5 5 1996 - 2025
Benin 80.3 6 1996 - 2025
Saudi Arabia 80.1 7 1996 - 2025
Jordan 79.9 8 1995 - 2025
Taiwan 79.9 9 1995 - 2025
Malaysia 79.6 10 1995 - 2025
Barbados 78.4 11 1996 - 2025
Gabon 78.1 12 1995 - 2025
Indonesia 78 13 1995 - 2025
R. of Congo 77.7 14 1996 - 2025
South Korea 77.6 15 1995 - 2025
Israel 77.3 16 1995 - 2025
Mali 77.2 17 1995 - 2025
Belgium 76.8 18 1996 - 2025
Dominica 76.8 19 2009 - 2025
Denmark 76.6 20 1996 - 2025
Saint Lucia 76.6 21 2009 - 2025
Cape Verde 76.5 22 1996 - 2025
St. Vincent & ... 76.5 23 2009 - 2025
Spain 76.5 24 1995 - 2025
Panama 76.4 25 1995 - 2025
Tr.&Tobago 76.3 26 1996 - 2025
Solomon Isl. 76.2 27 2009 - 2025
Cyprus 76.1 28 1996 - 2025
Finland 76.1 29 1996 - 2025
Swaziland 76.1 30 1995 - 2025
Guyana 76 31 1995 - 2025
Albania 75.8 32 1995 - 2025
Seychelles 75.6 33 2009 - 2025
Ecuador 75.3 34 1995 - 2025
Maldives 75.2 35 2009 - 2025
Micronesia 75.1 36 2009 - 2025
Portugal 75.1 37 1995 - 2025
Turkmenistan 75.1 38 1998 - 2025
Uganda 75.1 39 1995 - 2025
Australia 75 40 1995 - 2025
Ireland 75 41 1995 - 2025
Costa Rica 74.9 42 1995 - 2025
Namibia 74.9 43 1997 - 2025
Fiji 74.8 44 1995 - 2025
Morocco 74.7 45 1995 - 2025
Netherlands 74.7 46 1996 - 2025
China 74.6 47 1995 - 2025
Mauritania 74.6 48 1996 - 2025
New Zealand 74.6 49 1996 - 2025
Paraguay 74.6 50 1995 - 2025
South Africa 74.5 51 1995 - 2025
Brazil 74.4 52 1995 - 2025
Japan 74.4 53 1995 - 2025
Eq. Guinea 74.3 54 1999 - 2025
Sweden 74.3 55 1995 - 2025
Guatemala 74.2 56 1995 - 2025
Italy 74.2 57 1995 - 2025
Cambodia 74.1 58 1997 - 2025
Peru 73.9 59 1995 - 2025
Vietnam 73.9 60 1995 - 2025
Cameroon 73.7 61 1995 - 2025
Papua N.G. 73.6 62 1996 - 2025
Lesotho 73.5 63 1996 - 2025
G.-Bissau 73.3 64 1999 - 2025
Qatar 73.2 65 1999 - 2025
Bahamas 72.9 66 1995 - 2025
Slovenia 72.9 67 1996 - 2025
Brunei 72.8 68 2014 - 2025
C.A. Republic 72.8 69 2002 - 2025
Jamaica 72.8 70 1995 - 2025
Austria 72.7 71 1995 - 2025
Kenya 72.6 72 1995 - 2025
Niger 72.6 73 1996 - 2025
Bosnia & Herz. 72.5 74 1998 - 2025
Kiribati 72.5 75 2009 - 2025
Tanzania 72.5 76 1995 - 2025
Mozambique 72.3 77 1995 - 2025
Armenia 72.2 78 1996 - 2025
Chad 72 79 1997 - 2025
Burkina Faso 71.9 80 1996 - 2025
Luxembourg 71.9 81 1996 - 2025
Chile 71.8 82 1995 - 2025
Iceland 71.8 83 1997 - 2025
Canada 71.5 84 1995 - 2025
Comoros 71.3 85 2009 - 2025
Tunisia 71.3 86 1995 - 2025
Belize 71.2 87 1995 - 2025
Guinea 71.1 88 1995 - 2025
Tajikistan 71 89 1998 - 2025
Algeria 70.9 90 1995 - 2025
Madagascar 70.9 91 1995 - 2025
Montenegro 70.9 92 2002 - 2025
Bulgaria 70.8 93 1995 - 2025
Greece 70.7 94 1995 - 2025
Liberia 70.7 95 2009 - 2025
USA 70.7 96 1995 - 2025
Bolivia 70.6 97 1995 - 2025
Bhutan 70.5 98 2009 - 2025
Malta 70.5 99 1995 - 2025
Djibouti 70.3 100 1997 - 2025
France 70.3 101 1995 - 2025
Norway 70.3 102 1996 - 2025
Thailand 70.2 103 1995 - 2025
Azerbaijan 70.1 104 1996 - 2025
India 69.9 105 1995 - 2025
Philippines 69.8 106 1995 - 2025
Togo 69.8 107 1999 - 2025
Latvia 69.5 108 1996 - 2025
Colombia 69.4 109 1995 - 2025
Domin. Rep. 69.4 110 1995 - 2025
Mexico 69.3 111 1995 - 2025
Lithuania 69.2 112 1996 - 2025
Romania 69.2 113 1995 - 2025
Germany 69 114 1995 - 2025
Czechia 68.9 115 1995 - 2025
Estonia 68.8 116 1995 - 2025
Mongolia 68.8 117 1995 - 2025
Senegal 68.8 118 1996 - 2025
Poland 68.5 119 1995 - 2025
Serbia 68.5 120 2002 - 2025
Uruguay 68.5 121 1995 - 2025
Botswana 68.3 122 1995 - 2025
Honduras 68.2 123 1995 - 2025
Nepal 68.2 124 1996 - 2025
Zambia 68.2 125 1995 - 2025
UK 67.9 126 1995 - 2025
Kuwait 67.8 127 1996 - 2025
Mauritius 67.4 128 1999 - 2025
Rwanda 67.3 129 1997 - 2025
Belarus 67.2 130 1995 - 2025
Bangladesh 67.1 131 1995 - 2025
Croatia 66.6 132 1996 - 2025
Ivory Coast 66.5 133 1995 - 2025
Nicaragua 66.4 134 1995 - 2025
El Salvador 66.2 135 1995 - 2025
Vanuatu 65.7 136 2009 - 2025
Georgia 65.3 137 1996 - 2025
Hungary 65.1 138 1995 - 2025
North Macedonia 65 139 2002 - 2025
Samoa 64.6 140 1996 - 2025
Uzbekistan 64.6 141 1998 - 2025
Slovakia 64.5 142 1995 - 2025
Angola 64.2 143 1995 - 2025
Eritrea 63.9 144 2009 - 2025
Kyrgyzstan 63.4 145 1998 - 2025
Egypt 62.6 146 1995 - 2025
Russia 62.2 147 1995 - 2025
Kazakhstan 61.3 148 1998 - 2025
Tonga 61 149 2009 - 2025
Nigeria 59.9 150 1995 - 2025
Burma 59.7 151 1996 - 2025
DR Congo 59.4 152 1995 - 2025
Moldova 59.4 153 1995 - 2025
Malawi 58.3 154 1995 - 2025
S.T.&Principe 57.2 155 2009 - 2025
Gambia 55.7 156 1997 - 2025
Pakistan 54.5 157 1995 - 2025
Sri Lanka 54.5 158 1995 - 2025
Burundi 54.4 159 1997 - 2025
Ghana 52.7 160 1995 - 2025
Laos 52.3 161 1996 - 2025
Sierra Leone 50.2 162 1995 - 2025
Ethiopia 49.9 163 1995 - 2025
Suriname 44.1 164 1996 - 2025
Haiti 41.2 165 1995 - 2025
Iran 39 166 1996 - 2025
Turkey 37.9 167 1995 - 2025
Argentina 23.3 168 1995 - 2025
Cuba 20 169 1995 - 2025
Sudan 16.3 170 1995 - 2025
Lebanon 0 171 1996 - 2025
North Korea 0 172 1995 - 2025
Venezuela 0 173 1995 - 2025
Zimbabwe 0 174 1995 - 2025


New - World map: Monetary freedom




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

1. Bahrain
2. Oman
3. Singapore
4. Switzerland
5. UA Emirates
6. Benin
7. Saudi Arabia
8. Jordan
9. Taiwan
10. Malaysia
11. Barbados
12. Gabon
13. Indonesia
14. R. of Congo
15. South Korea
16. Israel
17. Mali
18. Belgium
19. Dominica
20. Denmark
21. Saint Lucia
22. Cape Verde
23. St. Vincent & ...
24. Spain
25. Panama
26. Tr.&Tobago
27. Solomon Isl.
28. Cyprus
29. Finland
30. Swaziland
31. Guyana
32. Albania
33. Seychelles
34. Ecuador
35. Maldives
36. Micronesia
37. Portugal
38. Turkmenistan
39. Uganda
40. Australia
41. Ireland
42. Costa Rica
43. Namibia
44. Fiji
45. Morocco
46. Netherlands
47. China
48. Mauritania
49. New Zealand
50. Paraguay
51. South Africa
52. Brazil
53. Japan
54. Eq. Guinea
55. Sweden
56. Guatemala
57. Italy
58. Cambodia
59. Peru
60. Vietnam
61. Cameroon
62. Papua N.G.
63. Lesotho
64. G.-Bissau
65. Qatar
66. Bahamas
67. Slovenia
68. Brunei
69. C.A. Republic
70. Jamaica
71. Austria
72. Kenya
73. Niger
74. Bosnia & Herz.
75. Kiribati
76. Tanzania
77. Mozambique
78. Armenia
79. Chad
80. Burkina Faso
81. Luxembourg
82. Chile
83. Iceland
84. Canada
85. Comoros
86. Tunisia
87. Belize
88. Guinea
89. Tajikistan
90. Algeria
91. Madagascar
92. Montenegro
93. Bulgaria
94. Greece
95. Liberia
96. USA
97. Bolivia
98. Bhutan
99. Malta
100. Djibouti
101. France
102. Norway
103. Thailand
104. Azerbaijan
105. India
106. Philippines
107. Togo
108. Latvia
109. Colombia
110. Domin. Rep.
111. Mexico
112. Lithuania
113. Romania
114. Germany
115. Czechia
116. Estonia
117. Mongolia
118. Senegal
119. Poland
120. Serbia
121. Uruguay
122. Botswana
123. Honduras
124. Nepal
125. Zambia
126. UK
127. Kuwait
128. Mauritius
129. Rwanda
130. Belarus
131. Bangladesh
132. Croatia
133. Ivory Coast
134. Nicaragua
135. El Salvador
136. Vanuatu
137. Georgia
138. Hungary
139. North Macedonia
140. Samoa
141. Uzbekistan
142. Slovakia
143. Angola
144. Eritrea
145. Kyrgyzstan
146. Egypt
147. Russia
148. Kazakhstan
149. Tonga
150. Nigeria
151. Burma
152. DR Congo
153. Moldova
154. Malawi
155. S.T.&Principe
156. Gambia
157. Pakistan
158. Sri Lanka
159. Burundi
160. Ghana
161. Laos
162. Sierra Leone
163. Ethiopia
164. Suriname
165. Haiti
166. Iran
167. Turkey
168. Argentina
169. Cuba
170. Sudan
171. Lebanon
172. North Korea
173. Venezuela
174. Zimbabwe
88.70
82.50
81.00
80.70
80.50
80.30
80.10
79.90
79.90
79.60
78.40
78.10
78.00
77.70
77.60
77.30
77.20
76.80
76.80
76.60
76.60
76.50
76.50
76.50
76.40
76.30
76.20
76.10
76.10
76.10
76.00
75.80
75.60
75.30
75.20
75.10
75.10
75.10
75.10
75.00
75.00
74.90
74.90
74.80
74.70
74.70
74.60
74.60
74.60
74.60
74.50
74.40
74.40
74.30
74.30
74.20
74.20
74.10
73.90
73.90
73.70
73.60
73.50
73.30
73.20
72.90
72.90
72.80
72.80
72.80
72.70
72.60
72.60
72.50
72.50
72.50
72.30
72.20
72.00
71.90
71.90
71.80
71.80
71.50
71.30
71.30
71.20
71.10
71.00
70.90
70.90
70.90
70.80
70.70
70.70
70.70
70.60
70.50
70.50
70.30
70.30
70.30
70.20
70.10
69.90
69.80
69.80
69.50
69.40
69.40
69.30
69.20
69.20
69.00
68.90
68.80
68.80
68.80
68.50
68.50
68.50
68.30
68.20
68.20
68.20
67.90
67.80
67.40
67.30
67.20
67.10
66.60
66.50
66.40
66.20
65.70
65.30
65.10
65.00
64.60
64.60
64.50
64.20
63.90
63.40
62.60
62.20
61.30
61.00
59.90
59.70
59.40
59.40
58.30
57.20
55.70
54.50
54.50
54.40
52.70
52.30
50.20
49.90
44.10
41.20
39.00
37.90
23.30
20.00
16.30
0.00
0.00
0.00
0.00
0
22.2
44.4
66.5
88.7


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