Top 15 Countries by Economic Freedom | 1995 - 2024
Source: The Heritage Foundation
The Index of Economic Freedom is a ranking created by the American conservative think tank Heritage Foundation that assesses the degree of economic freedom in 186 countries. Established in 1995 through a partnership between the Heritage Foundation and The Wall Street Journal, the index considers twelve categories of "economic freedom": business freedom, trade freedom, fiscal freedom, government intervention, monetary freedom, investment freedom, financial freedom, freedom from corruption, labor freedom, and property rights.
All criteria carry the same weight in the final calculation of the index, which uses a scale from 0 to 100. Based on the result, the Heritage Foundation divides countries into five main categories: Free (above 80 points), Mostly Free (70 to 79.9 points), Moderately Free (60 to 69.9 points), Mostly Unfree (50 to 59.9 points), and Repressed (below 49.9 points).
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