Monetary freedom - Country rankings
* indicates monthly or quarterly data series
Monetary freedom index (0-100), 2025:
The average for 2025 based on 40 countries was 70.12 points. The highest value was in Switzerland: 80.7 points and the lowest value was in Turkey: 37.9 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 |
|---|---|---|---|
| Switzerland | 80.7 | 1 | 1996 - 2025 |
| Belgium | 76.8 | 2 | 1996 - 2025 |
| Denmark | 76.6 | 3 | 1996 - 2025 |
| Spain | 76.5 | 4 | 1995 - 2025 |
| Cyprus | 76.1 | 5 | 1996 - 2025 |
| Finland | 76.1 | 6 | 1996 - 2025 |
| Albania | 75.8 | 7 | 1995 - 2025 |
| Portugal | 75.1 | 8 | 1995 - 2025 |
| Ireland | 75 | 9 | 1995 - 2025 |
| Netherlands | 74.7 | 10 | 1996 - 2025 |
| Sweden | 74.3 | 11 | 1995 - 2025 |
| Italy | 74.2 | 12 | 1995 - 2025 |
| Slovenia | 72.9 | 13 | 1996 - 2025 |
| Austria | 72.7 | 14 | 1995 - 2025 |
| Bosnia & Herz. | 72.5 | 15 | 1998 - 2025 |
| Luxembourg | 71.9 | 16 | 1996 - 2025 |
| Iceland | 71.8 | 17 | 1997 - 2025 |
| Montenegro | 70.9 | 18 | 2002 - 2025 |
| Bulgaria | 70.8 | 19 | 1995 - 2025 |
| Greece | 70.7 | 20 | 1995 - 2025 |
| Malta | 70.5 | 21 | 1995 - 2025 |
| France | 70.3 | 22 | 1995 - 2025 |
| Norway | 70.3 | 23 | 1996 - 2025 |
| Latvia | 69.5 | 24 | 1996 - 2025 |
| Lithuania | 69.2 | 25 | 1996 - 2025 |
| Romania | 69.2 | 26 | 1995 - 2025 |
| Germany | 69 | 27 | 1995 - 2025 |
| Czechia | 68.9 | 28 | 1995 - 2025 |
| Estonia | 68.8 | 29 | 1995 - 2025 |
| Poland | 68.5 | 30 | 1995 - 2025 |
| Serbia | 68.5 | 31 | 2002 - 2025 |
| UK | 67.9 | 32 | 1995 - 2025 |
| Belarus | 67.2 | 33 | 1995 - 2025 |
| Croatia | 66.6 | 34 | 1996 - 2025 |
| Hungary | 65.1 | 35 | 1995 - 2025 |
| North Macedonia | 65 | 36 | 2002 - 2025 |
| Slovakia | 64.5 | 37 | 1995 - 2025 |
| Russia | 62.2 | 38 | 1995 - 2025 |
| Moldova | 59.4 | 39 | 1995 - 2025 |
| Turkey | 37.9 | 40 | 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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80.70
76.80
76.60
76.50
76.10
76.10
75.80
75.10
75.00
74.70
74.30
74.20
72.90
72.70
72.50
71.90
71.80
70.90
70.80
70.70
70.50
70.30
70.30
69.50
69.20
69.20
69.00
68.90
68.80
68.50
68.50
67.90
67.20
66.60
65.10
65.00
64.50
62.20
59.40
37.90
0
20.2
40.4
60.5
80.7
Monetary freedom around the world Monetary freedom in Asia 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