Country rankings

Economic Freedom Index by Country

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).

Economics184 countries · 2 metricsUpdated Nov 29, 2024Original page
2 sources
Econ Freedom Index HeritageBetter directionWhether a higher or a lower value is better. A green arrow means higher is better, a red arrow means lower is better, and no arrow means neither.More in the glossary →
174 of 235 countries
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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.

184 countries · # = rank by Econ Freedom Index Heritage
#
1Singapore84.1Free
2Switzerland83.7Free
3Ireland83.1Free
4Taiwan79.7Free
5Luxembourg79.5Mostly Free
6Australia79.3Mostly Free
7Denmark79.1Mostly Free
8Estonia78.9Mostly Free
9Norway78.3Mostly Free
10Netherlands78.2Mostly Free
11New Zealand78.1Mostly Free
12Sweden77.9Mostly Free
13Finland77.0Mostly Free
14Canada75.5Mostly Free
15Mauritius75.0Mostly Free
16Lithuania74.6Mostly Free
17South Korea74.0Mostly Free
18Chile73.2Mostly Free
18Cyprus73.2Mostly Free
20Czechia72.9Mostly Free
21Hungary72.8Moderately Free
22Germany71.6Mostly Free
22United Arab Emirates71.6Mostly Free
24Latvia71.4Mostly Free
25Fiji71.2Mostly Unfree
26Portugal70.5Moderately Free
27United States70.2Mostly Free
27Japan70.2Moderately Free
27Uruguay70.2Moderately Free
27Qatar70.2Moderately Free
31Israel69.9Mostly Free
31Botswana69.9Moderately Free
33Austria69.7Moderately Free
34United Kingdom69.3Moderately Free
35Belgium69.0Moderately Free
35Georgia69.0Moderately Free
37Barbados68.9Moderately Free
38Bulgaria68.8Moderately Free
39Croatia68.7Moderately Free
39Jamaica68.7Moderately Free
39Cape Verde68.7Moderately Free
42Costa Rica68.6Moderately Free
43Slovakia68.4Moderately Free
44Slovenia68.3Moderately Free
45Poland67.1Moderately Free
45Malaysia67.1Moderately Free
47Brunei67.0Moderately Free
47Saint Lucia67.0Moderately Free
49Malta66.8Moderately Free
50Albania66.6Moderately Free
50Samoa66.6Moderately Free
52Romania66.5Moderately Free
53Seychelles66.4Moderately Free
54Spain66.3Moderately Free
55Peru65.9Moderately Free
56Bahrain65.6Moderately Free
57Panama65.5Moderately Free
58Oman65.4Moderately Free
58Armenia65.4Moderately Free
60India65.2Mostly Unfree
60Vietnam65.2Moderately Free
60Paraguay65.2Moderately Free
63France64.4Moderately Free
63Saudi Arabia64.4Moderately Free
63Serbia64.4Moderately Free
66Dominican Republic64.3Moderately Free
67Belize64.2Moderately Free
68Kazakhstan63.8Moderately Free
68Montenegro63.8Mostly Unfree
70Trinidad and Tobago63.6Moderately Free
71Bosnia and Herzegovina63.5Moderately Free
72Guatemala63.4Moderately Free
73North Macedonia63.2Moderately Free
73Bahamas63.2Moderately Free
75Mongolia62.6Moderately Free
76Azerbaijan62.5Moderately Free
77Micronesia62.2Moderately Free
78Vanuatu61.8Moderately Free
79Hong Kong61.4—
80Mexico61.3Moderately Free
81Italy60.9Moderately Free
82Philippines60.6Mostly Unfree
82Thailand60.6Mostly Unfree
82Greece60.6Mostly Unfree
85Sao Tome and Principe60.4Moderately Free
86Morocco60.3Mostly Unfree
87Saint Vincent and the Grenadines60.1Mostly Unfree
88Kuwait59.9Mostly Unfree
89Colombia59.8Mostly Unfree
90Honduras59.6Mostly Unfree
91Jordan59.4Mostly Unfree
92Tanzania59.3Mostly Unfree
93Namibia58.7Mostly Unfree
94Benin58.5Mostly Unfree
94Tonga58.5Mostly Unfree
96Moldova58.3Mostly Unfree
97Cambodia58.2Mostly Unfree
97Guyana58.2Mostly Unfree
99Uzbekistan58.0Mostly Unfree
100Ivory Coast57.8Mostly Unfree
101Bhutan57.5Mostly Unfree
102South Africa57.3Mostly Unfree
103Madagascar57.0Mostly Unfree
104Gambia56.8Mostly Unfree
105El Salvador56.6Mostly Unfree
106Senegal56.4Mostly Unfree
106Eswatini56.4Mostly Unfree
108Gabon56.3Mostly Unfree
108Solomon Islands56.3Mostly Unfree
110Turkey56.1Mostly Unfree
111Ghana56.0Mostly Unfree
112Ecuador55.8Mostly Unfree
113Djibouti55.7Mostly Unfree
114Kyrgyzstan55.6Mostly Unfree
115Dominica55.3Mostly Unfree
116Brazil55.1Mostly Unfree
117Angola55.0Mostly Unfree
118Mauritania54.9Mostly Unfree
119Kenya54.8Mostly Unfree
119Rwanda54.8Mostly Unfree
121Bangladesh54.7Mostly Unfree
122Guinea54.6Mostly Unfree
123Argentina54.2Repressed
124Lesotho54.1Mostly Unfree
125Nicaragua54.0Mostly Unfree
126Nigeria53.4Mostly Unfree
127Iceland53.0Mostly Free
128Mali52.6Mostly Unfree
129Nepal52.5Mostly Unfree
129Papua New Guinea52.5Repressed
131Togo52.3Mostly Unfree
132Chad52.2Mostly Unfree
133Cameroon52.1Mostly Unfree
134Russia51.6Mostly Unfree
135Niger51.5Mostly Unfree
135Tajikistan51.5Mostly Unfree
137Comoros51.4Mostly Unfree
138Uganda51.3Mostly Unfree
139Laos51.1Mostly Unfree
140Burkina Faso51.0Mostly Unfree
141Egypt50.9Repressed
141Malawi50.9Mostly Unfree
141Zambia50.9Repressed
141Suriname50.9Repressed
141Kiribati50.9Mostly Unfree
146Mozambique50.7Mostly Unfree
147Sri Lanka49.4Repressed
148Pakistan49.1Repressed
148Tunisia49.1Repressed
150China49.0Repressed
151Belarus48.9Repressed
152Republic of the Congo48.6Repressed
153Liberia48.5Repressed
154Maldives48.3Repressed
155Ethiopia48.1Repressed
156Sierra Leone48.0Repressed
157Timor-Leste47.9Mostly Unfree
158Equatorial Guinea47.7Repressed
159Algeria47.5Repressed
160DR Congo47.3Repressed
161Turkmenistan47.1Repressed
162Haiti46.1Repressed
163Bolivia44.1Repressed
163Lebanon44.1Repressed
165Guinea-Bissau43.6Repressed
166Central African Republic42.8Repressed
167Indonesia42.5Moderately Free
168Burundi39.7Repressed
169Eritrea38.6Repressed
170Sudan35.3Repressed
171Zimbabwe35.1Repressed
172Venezuela27.6Repressed
173Cuba25.4Repressed
174North Korea3.0Repressed
—Iran—Repressed
—Myanmar—Repressed
—Iraq—Not Ranked
—Afghanistan—Not Ranked
—Yemen—Not Ranked
—Ukraine—Not Ranked
—Syria—Not Ranked
—Somalia—Not Ranked
—Libya—Not Ranked
—Liechtenstein—Not Ranked

What correlates with Econ Freedom Index Heritage (2025)?

Pearson r against 1,442 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)

  1. EFW Score (Fraser)Capitalist Countries
    r = +0.84 · very strong · n = 156
    Plot
  2. Economic Freedom ScoreFreest Countries
    r = +0.84 · very strong · n = 155
    Plot
  3. WJP Rule of Law Index Overall ScoreWorld Justice Project (WJP) Rule of Law Index
    r = +0.82 · very strong · n = 135
    Plot
  4. Legatum Prosperity RankLegatum Prosperity IndexA rank: rank 1 is the best
    r = +0.82 · very strong · n = 157
    Plot
  5. LP Investment EnvironmentLegatum Prosperity IndexA rank: rank 1 is the best
    r = +0.81 · very strong · n = 157
    Plot
  6. LP Economic QualityLegatum Prosperity IndexA rank: rank 1 is the best
    r = +0.80 · very strong · n = 157
    Plot

Opposite directions

Places that have a higher Econ Freedom Index Heritage tend to score lower on these (or rank worse)

  1. Fragile States Index
    r = −0.76 · very strong · n = 166
    Plot
  2. Vulnerability ScoreGlobal Slavery Index by Country
    r = −0.76 · very strong · n = 148
    Plot
  3. Failed States IndexFailed States
    r = −0.76 · very strong · n = 165
    Plot
  4. Vulnerability Score (lower is better)Countries that Still Have Slavery
    r = −0.76 · very strong · n = 149
    Plot
  5. EconomyFailed States
    r = −0.70 · very strong · n = 165
    Plot
  6. State LegitimacyFailed States
    r = −0.70 · very strong · n = 165
    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 economic freedom index by country data come from?
Rankodex compiles it from World Population Review and the primary sources it cites: Index of Economic Freedom - The Heritage Foundation; 2024 Index of Economic Freedom - The Heritage Foundation.

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