Singapore led the Index of Economic Freedom in 2024, with an index score of 83.5 out of 100. Switzerland, Ireland, Taiwan, and Luxembourg rounded out the top five. Economic Freedom Index In order to calculate the Economic Freedom Index, the source takes 12 different factors into account, including the rule of law, government size, regulatory efficiency, and open markets. All 12 factors are rated on a scale of zero to 100 and are weighted equally. Every country is rated within the Index in order to provide insight into the health and freedom of the global economy. Singapore's economy Singapore is one of the four so-called Asian Tigers, a term used to describe four countries in Asia that saw a booming economic development from the 1950s to the early 1990. Today, the City-State is known for its many skyscrapers, and its economy continue to boom. It has one of the lowest tax-rates in the Asia-Pacific region, and continues to be open towards foreign direct investment (FDI). Moreover, Singapore has one of the highest trade-to-GDP ratios worldwide, underlining its export-oriented economy. Finally, its geographic location has given it a strategic position as a center connecting other countries in the region with the outside world. However, the economic boom has come at a cost, with the city now ranked among the world's most expensive.
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The average for 2024 based on 174 countries was 59 index points. The highest value was in Singapore: 84 index points and the lowest value was in North Korea: 3 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.
In 2025, Israel was given a score of 69.9 on the Economic Freedom Index published by The Heritage Foundation. This positions the country's economy as the top 26th most liberal in the world, just below the United States. The world average economic freedom score in 2021 was 61.6.
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Côte d'Ivoire: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Côte d'Ivoire de 1995 à 2024. La valeur moyenne pour Côte d'Ivoire pendant cette période était de 56 index points avec un minimum de 50 index points en 1996 et un maximum de 63 index points en 2017.
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Bénin: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Bénin de 1996 à 2024. La valeur moyenne pour Bénin pendant cette période était de 57 index points avec un minimum de 52 index points en 2005 et un maximum de 62 index points en 1998.
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Vanuatu: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Vanuatu de 2009 à 2024. La valeur moyenne pour Vanuatu pendant cette période était de 61 index points avec un minimum de 56 index points en 2010 et un maximum de 70 index points en 2018.
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Chine: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Chine de 1995 à 2024. La valeur moyenne pour Chine pendant cette période était de 53 index points avec un minimum de 48 index points en 2022 et un maximum de 60 index points en 2020.
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This dataset provides a comprehensive panel data structure covering 27 EU member states from 2007 to 2020. It includes economic, social, governance, and development indicators alongside data on EU funds allocated as a percentage of GDP. The primary objective of this dataset is to facilitate the analysis of the impact of EU funding on socio-economic progress across different countries and periods.The time period covered: 2007–2020Geographical coverage: 27 EU member statesTemporal resolution: Annual observationsThe dataset contains yearly observations for each country, with the following key indicators:EU Funds (EUfunds) – Ratio of annual EU funds paid to member states as a percentage of GDP (European Commission).Human Development Index (HDI) – Composite index of life expectancy, education, and income (UNDP).GINI Index (GINI) – Measure of income inequality (0 = perfect equality, 100 = maximum inequality, World Bank).Economic Sentiment Indicator (ESI ave.) – Business and consumer confidence indicator (European Commission).Economic Complexity Index (ECI) – Measure of a country’s ability to produce knowledge-intensive goods (Harvard Growth Lab).Educational Attainment (Educ.att.) – Percentage of the population with secondary or higher education (World Bank).Gender Parity Index (GPI) – Ratio of female-to-male school enrollment rates (World Bank).Index of Economic Freedom – Score based on property rights, trade freedom, and government intervention (Heritage Foundation).Governance Indicators (World Bank Governance Indicators):Control of Corruption (Contr.of.Corr.)Rule of Law (Rule.of.Law)Regulatory Quality (Regul.Qual.)Political Stability and Absence of Violence (Pol.stab.and.Abs.viol.)Voice and Accountability (Voice.and.Account.)Government Effectiveness (Gov.effect.)Sustainable Development Goals (SDG Index) – Composite measure of progress toward the UN SDGs (Sustainable Development Solutions Network).This dataset provides a rich foundation for empirical analysis, policy evaluation, and academic research on the role of EU funding in economic and social development.
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États-Unis: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la États-Unis de 1995 à 2024. La valeur moyenne pour États-Unis pendant cette période était de 77 index points avec un minimum de 70 index points en 2024 et un maximum de 81 index points en 2006.
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Romania: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Romania de 1995 à 2024. La valeur moyenne pour Romania pendant cette période était de 60 index points avec un minimum de 43 index points en 1995 et un maximum de 70 index points en 2017.
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Chine, RAS de Hong Kong: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Chine, RAS de Hong Kong de 1995 à 2020. La valeur moyenne pour Chine, RAS de Hong Kong pendant cette période était de 90 index points avec un minimum de 88 index points en 1998 et un maximum de 91 index points en 1996.
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Malawi: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Malawi de 1995 à 2024. La valeur moyenne pour Malawi pendant cette période était de 54 index points avec un minimum de 51 index points en 2019 et un maximum de 57 index points en 2000.
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Panama: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Panama de 1995 à 2024. La valeur moyenne pour Panama pendant cette période était de 67 index points avec un minimum de 63 index points en 2013 et un maximum de 73 index points en 1998.
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Taiwan: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Taiwan de 1995 à 2024. La valeur moyenne pour Taiwan pendant cette période était de 74 index points avec un minimum de 69 index points en 2007 et un maximum de 81 index points en 2023.
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Dominique: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Dominique de 2009 à 2024. La valeur moyenne pour Dominique pendant cette période était de 62 index points avec un minimum de 53 index points en 2021 et un maximum de 67 index points en 2016.
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Costa Rica: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Costa Rica de 1995 à 2024. La valeur moyenne pour Costa Rica pendant cette période était de 66 index points avec un minimum de 64 index points en 2007 et un maximum de 68 index points en 1995.
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République démocratique populaire lao: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la République démocratique populaire lao de 1996 à 2024. La valeur moyenne pour République démocratique populaire lao pendant cette période était de 47 index points avec un minimum de 34 index points en 2001 et un maximum de 57 index points en 2019.
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Togo: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Togo de 1999 à 2024. La valeur moyenne pour Togo pendant cette période était de 50 index points avec un minimum de 45 index points en 2001 et un maximum de 58 index points en 2021.
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Philippines: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Philippines de 1995 à 2024. La valeur moyenne pour Philippines pendant cette période était de 60 index points avec un minimum de 55 index points en 1995 et un maximum de 66 index points en 2017.
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Sénégal: Economic freedom, overall index (0-100): Pour cet indicateur, The Heritage Foundation fournit des données pour la Sénégal de 1996 à 2024. La valeur moyenne pour Sénégal pendant cette période était de 57 index points avec un minimum de 55 index points en 2010 et un maximum de 61 index points en 1999.
Singapore led the Index of Economic Freedom in 2024, with an index score of 83.5 out of 100. Switzerland, Ireland, Taiwan, and Luxembourg rounded out the top five. Economic Freedom Index In order to calculate the Economic Freedom Index, the source takes 12 different factors into account, including the rule of law, government size, regulatory efficiency, and open markets. All 12 factors are rated on a scale of zero to 100 and are weighted equally. Every country is rated within the Index in order to provide insight into the health and freedom of the global economy. Singapore's economy Singapore is one of the four so-called Asian Tigers, a term used to describe four countries in Asia that saw a booming economic development from the 1950s to the early 1990. Today, the City-State is known for its many skyscrapers, and its economy continue to boom. It has one of the lowest tax-rates in the Asia-Pacific region, and continues to be open towards foreign direct investment (FDI). Moreover, Singapore has one of the highest trade-to-GDP ratios worldwide, underlining its export-oriented economy. Finally, its geographic location has given it a strategic position as a center connecting other countries in the region with the outside world. However, the economic boom has come at a cost, with the city now ranked among the world's most expensive.