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.

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.

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 ****.

The average for 2024 based on 40 countries was 68 index points. The highest value was in Ireland: 83 index points and the lowest value was in Belarus: 48 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 Papua New Guinea went down by 4.45% from 51.70 score in 2023 to 49.40 score in 2024. Since the 0.86% climb in 2021, index of economic freedom sank by 16.13% 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. 100 represents the maximum freedom.

Index of economic freedom of New Zealand went down by 1.39% from 78.9 score in 2023 to 77.8 score in 2024. Since the 0.24% climb in 2019, index of economic freedom dropped by 7.82% 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 China grew by 0.41% from 48.3 score in 2023 to 48.5 score in 2024. Since the 17.81% drop in 2022, index of economic freedom climb by 1.04% 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 Cyprus went down by 0.14% from 72.3 score in 2023 to 72.2 score in 2024. Since the 2.10% climb in 2022, index of economic freedom reduced by 0.96% 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.

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.

The average for 2024 based on 20 countries was 60 index points. The highest value was in Canada: 72 index points and the lowest value was in Cuba: 26 index points. The indicator is available from 1995 to 2024. Below is a chart for all countries where data are available.

This statistic describes the overall score of the Gulf Cooperation Council on the Economic Freedom Index ranking in 2018, by country. According to the 2018 ranking, United Arab Emirates scored overall on the Economic Freedom index 77.6 compared to the Middle east and North African average is 61.5. the UAE is considered in this regard mostly free.

Index of economic freedom of Ukraine went down by 3.74% from 56.2 score in 2021 to 54.1 score in 2022. Since the 4.97% climb in 2020, index of economic freedom reduced by 1.46% in 2022. 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 Dominican Republic grew by 0.48% from 62.60 score in 2023 to 62.90 score in 2024. Since the 0.16% dip in 2020, index of economic freedom climb by 3.28% 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. 100 represents the maximum freedom.

In 2024, Iceland was the worldwide leader in terms of internet freedom. The country ranked first with 94 index points in the Freedom House Index, where each country received a numerical score from 100 (the freest) to 0 (the least free). Estonia ranked second with a 92 index points, followed by Canada, with a score of 86 index points. Internet restrictions worldwide The decline of internet freedom in 2022 is mainly linked to political conflicts in different parts of the world. With the Russian invasion of Ukraine, the Russian government intensified its attempts to control the online content in the country. The government placed restrictions on three different U.S.-based social media platforms at the same time, Twitter, Facebook, and Instagram. These restrictions made it to the top of the longest-lasting limitations on the web in 2022. Social protests rose in Iran following the death of Mahsa Amini in September 2022. The Iranian government decided to shut down the internet and various social media platforms in an attempt to minimize the communication between the protesters. In 2022, 11 new internet restrictions were recorded in Iran. However, residents in the Indian region of Jammu and Kashmir saw the highest number of new internet restrictions, which amounted to more than double than the ones in Iran. The impact of internet shutdowns In 2022, the economic impact of internet restrictions worldwide reached an estimated 23.79 billion U.S. dollars. Meanwhile, the highest financial losses due to internet shutdowns were caused by limitations in Russia, and more than seven thousand hours of restricted various online services had an economic impact of 21.59 billion U.S. dollars. The restrictions impacted around 113 million people in the country. Myanmar placed the most extended restriction on internet services, lasting 17,520 hours in total. Similar restrictions in India affected over 120 million people. 

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.

This statistic describes the trade freedom score of Indonesia on the Economic Freedom Index ranking from 1995 to 2018. According to the 2018 ranking, Indonesia reached a trade freedom score of **** compared to the world average with ****. With this result, Indonesia´s trade freedom can be considered as free from an economic point of view.

Index of economic freedom of Serbia went down by 1.26% from 63.5 score in 2023 to 62.7 score in 2024. Since the 1.82% climb in 2021, index of economic freedom dropped by 6.70% 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.

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.