Monetary freedom - Country rankings
* indicates monthly or quarterly data series
Monetary freedom index (0-100), 2025:
The average for 2025 based on 41 countries was 67.28 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
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* 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 |
| UA Emirates | 80.5 | 4 | 1996 - 2025 |
| Saudi Arabia | 80.1 | 5 | 1996 - 2025 |
| Jordan | 79.9 | 6 | 1995 - 2025 |
| Taiwan | 79.9 | 7 | 1995 - 2025 |
| Malaysia | 79.6 | 8 | 1995 - 2025 |
| Indonesia | 78 | 9 | 1995 - 2025 |
| South Korea | 77.6 | 10 | 1995 - 2025 |
| Israel | 77.3 | 11 | 1995 - 2025 |
| Maldives | 75.2 | 12 | 2009 - 2025 |
| Turkmenistan | 75.1 | 13 | 1998 - 2025 |
| China | 74.6 | 14 | 1995 - 2025 |
| Japan | 74.4 | 15 | 1995 - 2025 |
| Cambodia | 74.1 | 16 | 1997 - 2025 |
| Vietnam | 73.9 | 17 | 1995 - 2025 |
| Qatar | 73.2 | 18 | 1999 - 2025 |
| Brunei | 72.8 | 19 | 2014 - 2025 |
| Armenia | 72.2 | 20 | 1996 - 2025 |
| Tajikistan | 71 | 21 | 1998 - 2025 |
| Bhutan | 70.5 | 22 | 2009 - 2025 |
| Thailand | 70.2 | 23 | 1995 - 2025 |
| Azerbaijan | 70.1 | 24 | 1996 - 2025 |
| India | 69.9 | 25 | 1995 - 2025 |
| Philippines | 69.8 | 26 | 1995 - 2025 |
| Mongolia | 68.8 | 27 | 1995 - 2025 |
| Nepal | 68.2 | 28 | 1996 - 2025 |
| Kuwait | 67.8 | 29 | 1996 - 2025 |
| Bangladesh | 67.1 | 30 | 1995 - 2025 |
| Georgia | 65.3 | 31 | 1996 - 2025 |
| Uzbekistan | 64.6 | 32 | 1998 - 2025 |
| Kyrgyzstan | 63.4 | 33 | 1998 - 2025 |
| Kazakhstan | 61.3 | 34 | 1998 - 2025 |
| Burma | 59.7 | 35 | 1996 - 2025 |
| Pakistan | 54.5 | 36 | 1995 - 2025 |
| Sri Lanka | 54.5 | 37 | 1995 - 2025 |
| Laos | 52.3 | 38 | 1996 - 2025 |
| Iran | 39 | 39 | 1996 - 2025 |
| Lebanon | 0 | 40 | 1996 - 2025 |
| North Korea | 0 | 41 | 1995 - 2025 |
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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88.70
82.50
81.00
80.50
80.10
79.90
79.90
79.60
78.00
77.60
77.30
75.20
75.10
74.60
74.40
74.10
73.90
73.20
72.80
72.20
71.00
70.50
70.20
70.10
69.90
69.80
68.80
68.20
67.80
67.10
65.30
64.60
63.40
61.30
59.70
54.50
54.50
52.30
39.00
0.00
0.00
0
22.2
44.4
66.5
88.7
Monetary freedom around the world Monetary freedom in Europe Monetary freedom in Africa Monetary freedom in North America Monetary freedom in South America Monetary freedom in Australia/Oceania Monetary freedom in the European union Monetary freedom in Sub Sahara Africa Monetary freedom in MENA Monetary freedom in South East Asia Monetary freedom in Latin America