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.

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 2021, Venezuela was the country that had the lowest economic freedom score, scoring **** and ranking 165/165 out of all countries analyzed. Zimbabwe and Syria followed, scoring **** and *** respectively. Out of the lowest scoring ** countries, Guyana had the highest score at ****, ranking at *** out of 165 countries analyzed.

Singapore was the country with the highest degree of economic freedom in 2021, scoring **** out of 10. Hong Kong followed closely behind at ****, and Switzerland came next with a score of ****. Most of the highest scoring countries are located in East Asia, Europe, North America, and Oceania.

The average for 2024 based on 27 countries was 70 index points. The highest value was in Ireland: 83 index points and the lowest value was in Greece: 55 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

India's performance data on Index of Economic Freedom - score and ranking across all indicators, in addition to comparison with global peers.

In 2025, Israel was given a score of **** 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 ****.

According to the 2020 ranking, the Middle East and North Africa scored overall **** on the Economic Freedom Index compared to the world average of ****. The MENA region is considered in this regard as moderately free.

This dataset shows Qatar’s score and ranking in the Economic Freedom Index. The index is based on rule of law, government size, regulatory efficiency, and market openness.

The average for 2024 based on 46 countries was 52 index points. The highest value was in Mauritius: 72 index points and the lowest value was in Sudan: 34 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

In 2022, Hong Kong ranked highest in international trade freedom with a score of **** out of 10. Singapore followed closely with ****, while Switzerland, scoring ****, was the top-ranked country in Europe.

Tunisia's overall score on the Economic Freedom Index was **** as of 2020, which was *** points more than the score for 2019. This increase was based mainly on an improvement in the rule of law indicators. According to the index, Tunisia ranked *** out of 180 countries in the world and ** in the African region out of 53 countries. Tunisia's economic climate is therefore considered mostly unfree. Throughout the period under investigation, the overall score of Tunisia on the Economic Freedom Index was over the African average.

The average for 2024 based on 11 countries was 60 index points. The highest value was in Singapore: 84 index points and the lowest value was in Burma (Myanmar): 42 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

The average for 2024 based on 14 countries was 56 index points. The highest value was in the United Arab Emirates: 71 index points and the lowest value was in Iran: 41 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

The average for 2024 based on 10 countries was 62 index points. The highest value was in New Zealand: 78 index points and the lowest value was in Papua New Guinea: 49 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

Index of economic freedom of Syrian Arab Republic went down by 0.19% from 51.30 score in 2011 to 51.20 score in 2012. Since the 8.69% surge in 2009, index of economic freedom reduced by 0.19% in 2012. Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.

In 2022, Iran was the country with the lowest degree of freedom to trade internationally, scoring **** out of 10. Angola and Zimbabwe followed, with scores of **** and **** respectively. Out of the ** lowest scores, Tanzania had the highest at ****.

Index of economic freedom of Thailand went down by 2.64% from 60.6 score in 2023 to 59.0 score in 2024. Since the 0.43% climb in 2021, index of economic freedom sank by 15.35% in 2024. Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.

Index of economic freedom of Afghanistan went down by 3.11% from 54.70 score in 2020 to 53.00 score in 2021. Since the 0.39% climb in 2019, index of economic freedom climb by 2.91% in 2021. Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.

According to the 2020 ranking, the Middle East and North Africa scored **** on the Economic Freedom index for the indicator of tax burden. The MENA region's overall score of **** was considered as moderately free.