* indicates monthly or quarterly data series
Economic freedom, overall index (0-100), 2023:
The average for 2023 based on 12 countries was 55 index points. The highest value was in Chile: 71 index points and the lowest value was in Venezuela: 26 index points. The indicator is available from 1995 to 2023. Below is a chart for all countries where data are available.
Measure: index points; Source: The Heritage Foundation
* indicates monthly or quarterly data series
| Countries | Economic freedom, overall index, 2023 | Global rank | Available data |
|---|---|---|---|
| Chile | 71 | 1 | - |
| Uruguay | 70 | 2 | - |
| Peru | 67 | 3 | - |
| Colombia | 63 | 4 | - |
| Paraguay | 61 | 5 | - |
| Guyana | 57 | 6 | - |
| Ecuador | 55 | 7 | - |
| Brazil | 54 | 8 | - |
| Argentina | 51 | 9 | - |
| Suriname | 46 | 10 | - |
| Bolivia | 43 | 11 | - |
| Venezuela | 26 | 12 | - |
Definition: The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.
1. Chile
2. Uruguay
3. Peru
4. Colombia
5. Paraguay
6. Guyana
7. Ecuador
8. Brazil
9. Argentina
10. Suriname
11. Bolivia
12. Venezuela
71
70
67
63
61
57
55
54
51
46
43
26
17.8
35.5
53.3
71
Economic freedom, overall index around the worldEconomic freedom, overall index in EuropeEconomic freedom, overall index in AsiaEconomic freedom, overall index in AfricaEconomic freedom, overall index in North AmericaEconomic freedom, overall index in Australia/OceaniaEconomic freedom, overall index in the European unionEconomic freedom, overall index in Sub Sahara AfricaEconomic freedom, overall index in MENAEconomic freedom, overall index in South East AsiaEconomic freedom, overall index in Latin America
New and expanding database: Prices around the world
