Country rankings
Capitalist Countries
Singapore has the highest Econ Freedom Index Heritage in 2025 (84.1), followed by Switzerland (83.7) and Ireland (83.1). North Korea has the lowest (3.0).
Economics182 countries · 2 metricsUpdated Nov 29, 2024Original page
6 sources
- All Country Scores - Heritage Index of Economic Freedom - 2024
- Country Rankings - Heritage Index of Economic Freedom - 2023
- Economic Freedom of the World - Fraser Institute - 2023
- Economic Freedom of the World - Map - Fraser Institute - 2023
- Country Rankings - Heritage Index of Economic Freedom - 2021
- Economic Freedom of the World - Fraser Institute - 2020
174 of 235 countries
Econ Freedom Index Heritage, 2025
Darker green is better (higher is better). Click a place to highlight it.
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Ranking
Best first: the first 15 and last 5 of 174 countries.
Distribution Median and middle halfThe median is the middle value: half of places are above it, half below. The middle half is the range holding the central 50% of places.More in the glossary →
Each dot is one country; the lines mark the median and the middle half.
Median
60.0
Middle half 52.3 – 68.0
Average
59.9
174 countries
Highest
84.1
Singapore
Lowest
3.0
North Korea
Over time · 2020–2025
The top 5 in 2025, against the median.
- Median of all countries
- Singapore
- Switzerland
- Ireland
- Taiwan
- Luxembourg
Data
Click a column to sort, a row to highlight that place on the charts.
181 countries · # = rank by Econ Freedom Index Heritage
| # | |||
|---|---|---|---|
| 1 |  Singapore | 84.1 | 8.5 |
| 2 |  Switzerland | 83.7 | 8.3 |
| 3 |  Ireland | 83.1 | 8.1 |
| 4 |  Taiwan | 79.7 | 8.0 |
| 5 |  Luxembourg | 79.5 | 7.9 |
| 6 |  Australia | 79.3 | 8.0 |
| 7 |  Denmark | 79.1 | 8.0 |
| 8 |  Estonia | 78.9 | 7.8 |
| 9 |  Norway | 78.3 | 7.4 |
| 10 |  Netherlands | 78.2 | 8.0 |
| 11 |  New Zealand | 78.1 | 8.3 |
| 12 |  Sweden | 77.9 | 7.6 |
| 13 |  Finland | 77.0 | 7.8 |
| 14 |  Canada | 75.5 | 7.9 |
| 15 |  Mauritius | 75.0 | 7.7 |
| 16 |  Lithuania | 74.6 | 7.6 |
| 17 |  South Korea | 74.0 | 7.5 |
| 18 |  Chile | 73.2 | 7.7 |
| 18 |  Cyprus | 73.2 | 7.8 |
| 20 |  Czechia | 72.9 | 7.6 |
| 21 |  Hungary | 72.8 | 7.1 |
| 22 |  Germany | 71.6 | 7.8 |
| 22 |  United Arab Emirates | 71.6 | 7.3 |
| 24 |  Latvia | 71.4 | 7.6 |
| 25 |  Fiji | 71.2 | 6.1 |
| 26 |  Portugal | 70.5 | 7.7 |
| 27 |  United States | 70.2 | 8.1 |
| 27 |  Japan | 70.2 | 7.8 |
| 27 |  Uruguay | 70.2 | 7.2 |
| 27 |  Qatar | 70.2 | 6.7 |
| 31 |  Israel | 69.9 | 7.5 |
| 31 |  Botswana | 69.9 | 6.9 |
| 33 |  Austria | 69.7 | 7.6 |
| 34 |  United Kingdom | 69.3 | 7.9 |
| 35 |  Belgium | 69.0 | 7.6 |
| 35 |  Georgia | 69.0 | 7.7 |
| 37 |  Barbados | 68.9 | 6.8 |
| 38 |  Bulgaria | 68.8 | 7.1 |
| 39 |  Croatia | 68.7 | 6.9 |
| 39 |  Jamaica | 68.7 | 7.5 |
| 39 |  Cape Verde | 68.7 | 7.4 |
| 42 |  Costa Rica | 68.6 | 7.9 |
| 43 |  Slovakia | 68.4 | 7.3 |
| 44 |  Slovenia | 68.3 | 7.0 |
| 45 |  Poland | 67.1 | 6.8 |
| 45 |  Malaysia | 67.1 | 7.6 |
| 47 |  Brunei | 67.0 | 7.1 |
| 47 |  Saint Lucia | 67.0 | — |
| 49 |  Malta | 66.8 | 7.8 |
| 50 |  Albania | 66.6 | 7.6 |
| 50 |  Samoa | 66.6 | — |
| 52 |  Romania | 66.5 | 7.3 |
| 53 |  Seychelles | 66.4 | 7.6 |
| 54 |  Spain | 66.3 | 7.7 |
| 55 |  Peru | 65.9 | 7.3 |
| 56 |  Bahrain | 65.6 | 7.4 |
| 57 |  Panama | 65.5 | 7.6 |
| 58 |  Oman | 65.4 | 6.6 |
| 58 |  Armenia | 65.4 | 7.5 |
| 60 |  India | 65.2 | 6.6 |
| 60 |  Vietnam | 65.2 | 6.2 |
| 60 |  Paraguay | 65.2 | 7.1 |
| 63 |  France | 64.4 | 7.4 |
| 63 |  Saudi Arabia | 64.4 | 7.0 |
| 63 |  Serbia | 64.4 | 6.6 |
| 66 |  Dominican Republic | 64.3 | 7.4 |
| 67 |  Belize | 64.2 | 6.0 |
| 68 |  Kazakhstan | 63.8 | 6.8 |
| 68 |  Montenegro | 63.8 | 7.2 |
| 70 |  Trinidad and Tobago | 63.6 | 6.7 |
| 71 |  Bosnia and Herzegovina | 63.5 | 6.4 |
| 72 |  Guatemala | 63.4 | 7.6 |
| 73 |  North Macedonia | 63.2 | 6.8 |
| 73 |  Bahamas | 63.2 | 6.9 |
| 75 |  Mongolia | 62.6 | 6.8 |
| 76 |  Azerbaijan | 62.5 | 5.8 |
| 77 |  Micronesia | 62.2 | — |
| 78 |  Vanuatu | 61.8 | — |
| 79 |  Hong Kong | 61.4 | 8.6 |
| 80 |  Mexico | 61.3 | 6.9 |
| 81 |  Italy | 60.9 | 7.4 |
| 82 |  Philippines | 60.6 | 7.1 |
| 82 |  Thailand | 60.6 | 7.1 |
| 82 |  Greece | 60.6 | 7.2 |
| 85 |  Sao Tome and Principe | 60.4 | — |
| 86 |  Morocco | 60.3 | 6.4 |
| 87 |  Saint Vincent and the Grenadines | 60.1 | — |
| 88 |  Kuwait | 59.9 | 6.5 |
| 89 |  Colombia | 59.8 | 6.4 |
| 90 |  Honduras | 59.6 | 7.0 |
| 91 |  Jordan | 59.4 | 7.5 |
| 92 |  Tanzania | 59.3 | 6.3 |
| 93 |  Namibia | 58.7 | 6.4 |
| 94 |  Benin | 58.5 | 6.3 |
| 94 |  Tonga | 58.5 | — |
| 96 |  Moldova | 58.3 | 6.6 |
| 97 |  Cambodia | 58.2 | 6.8 |
| 97 |  Guyana | 58.2 | 5.5 |
| 99 |  Uzbekistan | 58.0 | — |
| 100 |  Ivory Coast | 57.8 | 6.1 |
| 101 |  Bhutan | 57.5 | 6.8 |
| 102 |  South Africa | 57.3 | 6.6 |
| 103 |  Madagascar | 57.0 | 6.0 |
| 104 |  Gambia | 56.8 | 6.9 |
| 105 |  El Salvador | 56.6 | 7.1 |
| 106 |  Senegal | 56.4 | 6.2 |
| 106 |  Eswatini | 56.4 | 5.4 |
| 108 |  Gabon | 56.3 | 5.2 |
| 108 |  Solomon Islands | 56.3 | — |
| 110 |  Turkey | 56.1 | — |
| 111 |  Ghana | 56.0 | 5.8 |
| 112 |  Ecuador | 55.8 | 6.3 |
| 113 |  Djibouti | 55.7 | 6.1 |
| 114 |  Kyrgyzstan | 55.6 | 6.6 |
| 115 |  Dominica | 55.3 | — |
| 116 |  Brazil | 55.1 | 6.6 |
| 117 |  Angola | 55.0 | 5.2 |
| 118 |  Mauritania | 54.9 | 6.1 |
| 119 |  Kenya | 54.8 | 6.7 |
| 119 |  Rwanda | 54.8 | 6.4 |
| 121 |  Bangladesh | 54.7 | 5.8 |
| 122 |  Guinea | 54.6 | 5.9 |
| 123 |  Argentina | 54.2 | 4.5 |
| 124 |  Lesotho | 54.1 | 6.0 |
| 125 |  Nicaragua | 54.0 | 6.4 |
| 126 |  Nigeria | 53.4 | 5.9 |
| 127 |  Iceland | 53.0 | 7.7 |
| 128 |  Mali | 52.6 | 5.8 |
| 129 |  Nepal | 52.5 | 6.5 |
| 129 |  Papua New Guinea | 52.5 | 6.1 |
| 131 |  Togo | 52.3 | 6.1 |
| 132 |  Chad | 52.2 | 4.8 |
| 133 |  Cameroon | 52.1 | 5.6 |
| 134 |  Russia | 51.6 | 5.1 |
| 135 |  Niger | 51.5 | 5.9 |
| 135 |  Tajikistan | 51.5 | 6.3 |
| 137 |  Comoros | 51.4 | 5.5 |
| 138 |  Uganda | 51.3 | 6.9 |
| 139 |  Laos | 51.1 | 5.7 |
| 140 |  Burkina Faso | 51.0 | 6.3 |
| 141 |  Egypt | 50.9 | 5.1 |
| 141 |  Malawi | 50.9 | 5.1 |
| 141 |  Zambia | 50.9 | 6.2 |
| 141 |  Suriname | 50.9 | 5.5 |
| 141 |  Kiribati | 50.9 | — |
| 146 |  Mozambique | 50.7 | 6.2 |
| 147 |  Sri Lanka | 49.4 | 5.8 |
| 148 |  Pakistan | 49.1 | 5.6 |
| 148 |  Tunisia | 49.1 | 5.9 |
| 150 |  China | 49.0 | 6.1 |
| 151 |  Belarus | 48.9 | 5.9 |
| 152 |  Republic of the Congo | 48.6 | 4.9 |
| 153 |  Liberia | 48.5 | 6.1 |
| 154 |  Maldives | 48.3 | — |
| 155 |  Ethiopia | 48.1 | 5.0 |
| 156 |  Sierra Leone | 48.0 | 5.6 |
| 157 |  Timor-Leste | 47.9 | 6.0 |
| 158 |  Equatorial Guinea | 47.7 | — |
| 159 |  Algeria | 47.5 | 4.2 |
| 160 |  DR Congo | 47.3 | 5.0 |
| 161 |  Turkmenistan | 47.1 | — |
| 162 |  Haiti | 46.1 | 6.0 |
| 163 |  Bolivia | 44.1 | 6.1 |
| 163 |  Lebanon | 44.1 | 5.2 |
| 165 |  Guinea-Bissau | 43.6 | 5.3 |
| 166 |  Central African Republic | 42.8 | 5.0 |
| 167 |  Indonesia | 42.5 | 7.0 |
| 168 |  Burundi | 39.7 | 5.0 |
| 169 |  Eritrea | 38.6 | — |
| 170 |  Sudan | 35.3 | 4.0 |
| 171 |  Zimbabwe | 35.1 | 3.9 |
| 172 |  Venezuela | 27.6 | 3.1 |
| 173 |  Cuba | 25.4 | — |
| 174 |  North Korea | 3.0 | — |
| — |  Iran | — | 4.4 |
| — |  Myanmar | — | 4.5 |
| — |  Iraq | — | 5.4 |
| — |  Ukraine | — | 5.2 |
| — |  Syria | — | 4.6 |
| — |  Somalia | — | 6.3 |
| — |  Libya | — | 4.8 |
What correlates with Econ Freedom Index Heritage (2025)?
Pearson r against 1,441 other country metrics sharing at least 105 countries. Ranks are read by standing: a better rank counts as higher, whether rank 1 is the best place on a list or the worst. Correlation is not causation.
Higher together
Places that have a higher Econ Freedom Index Heritage tend to score higher on these (or rank better)
- Plot
- WJP Rule of Law Index Overall ScoreWorld Justice Project (WJP) Rule of Law IndexPlotr = +0.82 · very strong · n = 135
- Legatum Prosperity RankLegatum Prosperity IndexA rank: rank 1 is the bestPlotr = −0.82 · very strong · n = 157
- LP Investment EnvironmentLegatum Prosperity IndexA rank: rank 1 is the bestPlotr = −0.81 · very strong · n = 157
- LP Economic QualityLegatum Prosperity IndexA rank: rank 1 is the bestPlotr = −0.80 · very strong · n = 157
- WJP RoLI Regulatory Enforcement ScoreWorld Justice Project (WJP) Rule of Law IndexPlotr = +0.80 · very strong · n = 135
Opposite directions
Places that have a higher Econ Freedom Index Heritage tend to score lower on these (or rank worse)
- Fragile States IndexPlotr = −0.76 · very strong · n = 166
- Plot
- Plot
- Vulnerability Score (lower is better)Countries that Still Have SlaveryPlotr = −0.76 · very strong · n = 149
- Plot
- Plot
Quick answers
- Which country has the highest Econ Freedom Index Heritage?
- Singapore has the highest Econ Freedom Index Heritage in 2025, at 84.1, followed by Switzerland (83.7) and Ireland (83.1).
- Which country has the lowest Econ Freedom Index Heritage?
- North Korea has the lowest Econ Freedom Index Heritage in 2025, at 3.0.
- What is the median Econ Freedom Index Heritage across countries?
- The median is 60.0 across the 174 countries with data in 2025.
- Where does this capitalist countries data come from?
- Rankodex compiles it from World Population Review and the primary sources it cites: All Country Scores - Heritage Index of Economic Freedom - 2024; Country Rankings - Heritage Index of Economic Freedom - 2023; Economic Freedom of the World - Fraser Institute - 2023; Economic Freedom of the World - Map - Fraser Institute - 2023.