Monetary freedom - Country rankings
* indicates monthly or quarterly data series
Monetary freedom index (0-100), 2025:
The average for 2025 based on 20 countries was 68.5 points. The highest value was in Barbados: 78.4 points and the lowest value was in Cuba: 20 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 |
|---|---|---|---|
| Barbados | 78.4 | 1 | 1996 - 2025 |
| Dominica | 76.8 | 2 | 2009 - 2025 |
| Saint Lucia | 76.6 | 3 | 2009 - 2025 |
| St. Vincent & ... | 76.5 | 4 | 2009 - 2025 |
| Panama | 76.4 | 5 | 1995 - 2025 |
| Tr.&Tobago | 76.3 | 6 | 1996 - 2025 |
| Costa Rica | 74.9 | 7 | 1995 - 2025 |
| Guatemala | 74.2 | 8 | 1995 - 2025 |
| Bahamas | 72.9 | 9 | 1995 - 2025 |
| Jamaica | 72.8 | 10 | 1995 - 2025 |
| Canada | 71.5 | 11 | 1995 - 2025 |
| Belize | 71.2 | 12 | 1995 - 2025 |
| USA | 70.7 | 13 | 1995 - 2025 |
| Domin. Rep. | 69.4 | 14 | 1995 - 2025 |
| Mexico | 69.3 | 15 | 1995 - 2025 |
| Honduras | 68.2 | 16 | 1995 - 2025 |
| Nicaragua | 66.4 | 17 | 1995 - 2025 |
| El Salvador | 66.2 | 18 | 1995 - 2025 |
| Haiti | 41.2 | 19 | 1995 - 2025 |
| Cuba | 20 | 20 | 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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78.40
76.80
76.60
76.50
76.40
76.30
74.90
74.20
72.90
72.80
71.50
71.20
70.70
69.40
69.30
68.20
66.40
66.20
41.20
20.00
0
19.6
39.2
58.8
78.4
Monetary freedom around the world Monetary freedom in Europe Monetary freedom in Asia Monetary freedom in Africa 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