Capitalist Countries 2025

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Econ. Freedom Index - Heritage 2024

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5 Countries with the Most Economic Freedom

Country
Econ. Freedom Index - Heritage 2024
Econ. Freedom Score - Fraser 2021
Singapore Flag
Singapore83.58.6
Switzerland Flag
Switzerland83.08.5
Ireland Flag
Ireland82.68.1
Taiwan Flag
Taiwan80.08.0
Luxembourg Flag
Luxembourg79.27.9
Denmark Flag
Denmark77.88.1
New Zealand Flag
New Zealand77.88.4
Estonia Flag
Estonia77.88.0
Sweden Flag
Sweden77.57.8
Norway Flag
Norway77.57.7
Netherlands Flag
Netherlands77.37.8
Finland Flag
Finland76.37.8
Australia Flag
Australia76.28.1
South Korea Flag
South Korea73.17.5
Lithuania Flag
Lithuania72.98.0
Canada Flag
Canada72.48.0
Cyprus Flag
Cyprus72.27.6
Germany Flag
Germany72.17.7
Latvia Flag
Latvia71.57.7
Mauritius Flag
Mauritius71.57.8
Chile Flag
Chile71.47.7
United Arab Emirates Flag
United Arab Emirates71.17.4
Iceland Flag
Iceland70.57.9
Czech Republic Flag
Czech Republic70.27.8
United States Flag
United States70.18.1
Israel Flag
Israel70.17.6
Uruguay Flag
Uruguay69.87.1
Qatar Flag
Qatar68.86.6
Portugal Flag
Portugal68.77.5
United Kingdom Flag
United Kingdom68.68.0
Bulgaria Flag
Bulgaria68.57.5
Austria Flag
Austria68.47.7
Georgia Flag
Georgia68.47.7
Slovakia Flag
Slovakia68.17.5
Jamaica Flag
Jamaica68.17.5
Botswana Flag
Botswana68.06.8
Costa Rica Flag
Costa Rica67.77.8
Japan Flag
Japan67.57.8
Croatia Flag
Croatia67.27.3
Samoa Flag
Samoa67.2
Barbados Flag
Barbados66.86.9
Poland Flag
Poland66.07.1
Slovenia Flag
Slovenia65.97.2
Brunei Flag
Brunei65.97.1
Malaysia Flag
Malaysia65.77.2
Belgium Flag
Belgium65.67.4
Armenia Flag
Armenia64.97.6
Peru Flag
Peru64.87.5
Albania Flag
Albania64.87.6
Malta Flag
Malta64.57.7
Romania Flag
Romania64.47.7
Panama Flag
Panama64.17.5
Indonesia Flag
Indonesia63.56.9
Bahrain Flag
Bahrain63.47.4
Spain Flag
Spain63.37.5
Dominican Republic Flag
Dominican Republic62.97.3
Oman Flag
Oman62.96.6
Cape Verde Flag
Cape Verde62.9
Vietnam Flag
Vietnam62.86.3
Serbia Flag
Serbia62.76.9
France Flag
France62.57.4
Bahamas Flag
Bahamas62.5
Guatemala Flag
Guatemala62.47.5
Vanuatu Flag
Vanuatu62.2
Saint Lucia Flag
Saint Lucia62.2
Mexico Flag
Mexico62.07.0
Kazakhstan Flag
Kazakhstan62.07.1
Bosnia and Herzegovina Flag
Bosnia and Herzegovina62.06.7
Saudi Arabia Flag
Saudi Arabia61.96.6
Azerbaijan Flag
Azerbaijan61.66.0
North Macedonia Flag
North Macedonia61.47.1
Hungary Flag
Hungary61.27.4
Belize Flag
Belize61.25.9
Micronesia Flag
Micronesia61.0
Mongolia Flag
Mongolia60.67.0
Sao Tome and Principe Flag
Sao Tome and Principe60.5
Trinidad and Tobago Flag
Trinidad and Tobago60.46.6
Seychelles Flag
Seychelles60.47.1
Italy Flag
Italy60.17.3
Paraguay Flag
Paraguay60.17.0
Saint Vincent and the Grenadines Flag
Saint Vincent and the Grenadines59.8
Montenegro Flag
Montenegro59.77.6
Colombia Flag
Colombia59.26.6
Tonga Flag
Tonga59.2
Tanzania Flag
Tanzania59.16.3
Philippines Flag
Philippines59.07.0
Thailand Flag
Thailand59.07.1
Honduras Flag
Honduras58.67.0
Kuwait Flag
Kuwait58.56.6
Ivory Coast Flag
Ivory Coast58.46.0
Jordan Flag
Jordan58.37.3
Gambia Flag
Gambia58.27.1
Fiji Flag
Fiji58.06.3
Benin Flag
Benin57.76.4
Namibia Flag
Namibia57.56.2
Madagascar Flag
Madagascar57.35.9
Guyana Flag
Guyana57.35.4
Moldova Flag
Moldova57.17.2
Gabon Flag
Gabon56.95.4
Morocco Flag
Morocco56.86.4
Turkey Flag
Turkey56.26.3
Uzbekistan Flag
Uzbekistan55.96.5
Ghana Flag
Ghana55.86.4
Djibouti Flag
Djibouti55.85.8
Cambodia Flag
Cambodia55.66.8
Eswatini Flag
Eswatini55.65.3
Senegal Flag
Senegal55.46.2
Bhutan Flag
Bhutan55.46.6
South Africa Flag
South Africa55.36.5
Mauritania Flag
Mauritania55.35.8
Kyrgyzstan Flag
Kyrgyzstan55.26.9
Greece Flag
Greece55.16.9
Ecuador Flag
Ecuador55.06.5
Solomon Islands Flag
Solomon Islands55.0
Bangladesh Flag
Bangladesh54.45.8
El Salvador Flag
El Salvador54.47.1
Angola Flag
Angola54.35.4
Dominica Flag
Dominica54.0
Kenya Flag
Kenya53.66.8
Cameroon Flag
Cameroon53.65.7
Nicaragua Flag
Nicaragua53.46.5
Guinea Flag
Guinea53.35.6
Brazil Flag
Brazil53.26.6
Nigeria Flag
Nigeria53.16.7
India Flag
India52.96.6
Mali Flag
Mali52.55.8
Niger Flag
Niger52.35.8
Nepal Flag
Nepal52.16.3
Malawi Flag
Malawi52.15.9
Russia Flag
Russia52.06.3
Comoros Flag
Comoros52.05.6
Burkina Faso Flag
Burkina Faso51.96.1
Lesotho Flag
Lesotho51.96.0
Rwanda Flag
Rwanda51.66.8
Chad Flag
Chad51.45.3
Tajikistan Flag
Tajikistan51.36.4
Kiribati Flag
Kiribati51.3
Togo Flag
Togo50.96.2
Uganda Flag
Uganda50.76.6
Mozambique Flag
Mozambique50.76.0
Laos Flag
Laos50.66.2
Timor-Leste Flag
Timor-Leste50.2
Argentina Flag
Argentina49.94.8
Liberia Flag
Liberia49.95.8
Egypt Flag
Egypt49.75.5
Pakistan Flag
Pakistan49.56.0
Papua New Guinea Flag
Papua New Guinea49.46.1
Sri Lanka Flag
Sri Lanka49.26.1
Tunisia Flag
Tunisia48.86.0
China Flag
China48.56.2
Zambia Flag
Zambia48.45.8
Belarus Flag
Belarus48.46.2
Lebanon Flag
Lebanon48.35.2
Haiti Flag
Haiti48.26.2
Ethiopia Flag
Ethiopia47.95.4
Republic of the Congo Flag
Republic of the Congo47.85.3
Maldives Flag
Maldives47.8
Equatorial Guinea Flag
Equatorial Guinea47.7
DR Congo Flag
DR Congo47.65.3
Suriname Flag
Suriname46.75.5
Turkmenistan Flag
Turkmenistan46.36.5
Sierra Leone Flag
Sierra Leone44.65.9
Algeria Flag
Algeria43.94.8
Bolivia Flag
Bolivia43.56.1
Guinea-Bissau Flag
Guinea-Bissau42.7
Myanmar Flag
Myanmar42.2
Central African Republic Flag
Central African Republic41.35.0
Iran Flag
Iran41.24.5
Eritrea Flag
Eritrea39.5
Burundi Flag
Burundi38.45.4
Zimbabwe Flag
Zimbabwe38.23.8
Sudan Flag
Sudan33.94.0
Venezuela Flag
Venezuela28.13.0
Cuba Flag
Cuba25.7
North Korea Flag
North Korea2.9
Iraq Flag
Iraq5.5
Yemen Flag
Yemen4.2
Ukraine Flag
Ukraine6.2
Syria Flag
Syria3.9
Somalia Flag
Somalia5.7
Libya Flag
Libya4.7
Hong Kong Flag
Hong Kong8.6
  • The Index of Economic Freedom, published annually by the Heritage Foundation in partnership with the Wall Street Journal, measures the level of economic freedom in countries around the world. It assesses factors such as the rule of law, government size, regulatory efficiency, and open markets, with higher scores indicating more capitalist economies with greater business freedom and less government intervention.
  • The Economic Freedom of the World index, published annually by the Fraser Institute, measures the level of economic freedom in countries by assessing factors such as the size of government, legal structure, access to sound money, and freedom to trade. Higher scores on this index indicate more capitalist economies, where individuals and businesses have greater freedom to make economic decisions with minimal government interference.
  • Scores of 70 or higher would generally be considered capitalist countries, while those from 60.0-69.9 would be borderline.