Monetary freedom - Country rankings
* indicates monthly or quarterly data series
Monetary freedom index (0-100), 2025:
The average for 2025 based on 46 countries was 66.18 points. The highest value was in Benin: 80.3 points and the lowest value was in Zimbabwe: 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 |
|---|---|---|---|
| Benin | 80.3 | 1 | 1996 - 2025 |
| Gabon | 78.1 | 2 | 1995 - 2025 |
| R. of Congo | 77.7 | 3 | 1996 - 2025 |
| Mali | 77.2 | 4 | 1995 - 2025 |
| Cape Verde | 76.5 | 5 | 1996 - 2025 |
| Swaziland | 76.1 | 6 | 1995 - 2025 |
| Seychelles | 75.6 | 7 | 2009 - 2025 |
| Uganda | 75.1 | 8 | 1995 - 2025 |
| Namibia | 74.9 | 9 | 1997 - 2025 |
| Mauritania | 74.6 | 10 | 1996 - 2025 |
| South Africa | 74.5 | 11 | 1995 - 2025 |
| Eq. Guinea | 74.3 | 12 | 1999 - 2025 |
| Cameroon | 73.7 | 13 | 1995 - 2025 |
| Lesotho | 73.5 | 14 | 1996 - 2025 |
| G.-Bissau | 73.3 | 15 | 1999 - 2025 |
| C.A. Republic | 72.8 | 16 | 2002 - 2025 |
| Kenya | 72.6 | 17 | 1995 - 2025 |
| Niger | 72.6 | 18 | 1996 - 2025 |
| Tanzania | 72.5 | 19 | 1995 - 2025 |
| Mozambique | 72.3 | 20 | 1995 - 2025 |
| Chad | 72 | 21 | 1997 - 2025 |
| Burkina Faso | 71.9 | 22 | 1996 - 2025 |
| Comoros | 71.3 | 23 | 2009 - 2025 |
| Guinea | 71.1 | 24 | 1995 - 2025 |
| Madagascar | 70.9 | 25 | 1995 - 2025 |
| Liberia | 70.7 | 26 | 2009 - 2025 |
| Togo | 69.8 | 27 | 1999 - 2025 |
| Senegal | 68.8 | 28 | 1996 - 2025 |
| Botswana | 68.3 | 29 | 1995 - 2025 |
| Zambia | 68.2 | 30 | 1995 - 2025 |
| Mauritius | 67.4 | 31 | 1999 - 2025 |
| Rwanda | 67.3 | 32 | 1997 - 2025 |
| Ivory Coast | 66.5 | 33 | 1995 - 2025 |
| Angola | 64.2 | 34 | 1995 - 2025 |
| Eritrea | 63.9 | 35 | 2009 - 2025 |
| Nigeria | 59.9 | 36 | 1995 - 2025 |
| DR Congo | 59.4 | 37 | 1995 - 2025 |
| Malawi | 58.3 | 38 | 1995 - 2025 |
| S.T.&Principe | 57.2 | 39 | 2009 - 2025 |
| Gambia | 55.7 | 40 | 1997 - 2025 |
| Burundi | 54.4 | 41 | 1997 - 2025 |
| Ghana | 52.7 | 42 | 1995 - 2025 |
| Sierra Leone | 50.2 | 43 | 1995 - 2025 |
| Ethiopia | 49.9 | 44 | 1995 - 2025 |
| Sudan | 16.3 | 45 | 1995 - 2025 |
| Zimbabwe | 0 | 46 | 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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80.30
78.10
77.70
77.20
76.50
76.10
75.60
75.10
74.90
74.60
74.50
74.30
73.70
73.50
73.30
72.80
72.60
72.60
72.50
72.30
72.00
71.90
71.30
71.10
70.90
70.70
69.80
68.80
68.30
68.20
67.40
67.30
66.50
64.20
63.90
59.90
59.40
58.30
57.20
55.70
54.40
52.70
50.20
49.90
16.30
0.00
0
20.1
40.2
60.2
80.3
Monetary freedom around the world Monetary freedom in Europe 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 MENA Monetary freedom in South East Asia Monetary freedom in Latin America