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The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world's nations. The creators of the index took an approach similar to Adam Smith's in The Wealth of Nations, that "basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society".[1][2]

Contents

2018 Index[3]Edit

Key: ██ Free (80–100) ██ Mostly Free (70.0–79.9) ██ Moderately Free (60.0–69.9) ██ Mostly Unfree (50.0–59.9) ██ Repressed (0–49.9)

Country Rank Score Change
  Hong Kong 1 90.2   0.4
  Singapore 2 88.8   0.2
  New Zealand 3 84.2   0.5
   Switzerland 4 81.7   0.2
  Australia 5 80.9   0.1
  Ireland 6 80.4   3.7
  Estonia 7 78.8   0.3
  United Kingdom 8 78.0   1.6
  Canada 9 77.7   0.8
  United Arab Emirates 10 77.6   0.7
  Iceland 11 77.0   2.6
  Denmark 12 76.6   1.5
  Taiwan 13 76.6   0.1
  Luxembourg 14 76.4   0.5
  Sweden 15 76.3   1.4
  Georgia 16 76.2   0.2
  Netherlands 17 76.2   0.4
  United States 18 75.7   0.6
  Lithuania 19 75.3   0.5
  Chile 20 75.2   1.3
  Mauritius 21 75.1   0.4
  Malaysia 22 74.5   0.7
  Norway 23 74.3   0.3
  Czech Republic 24 74.2   0.9
  Germany 25 74.2   0.4
  Finland 26 74.1   0.1
  South Korea 27 73.8   0.5
  Latvia 28 73.6   1.2
  Qatar 29 72.6   0.5
  Japan 30 72.3   2.7
  Israel 31 72.2   2.5
  Austria 32 71.8   0.5
  Macedonia 33 70.3   0.6
  Macau 34 70.9   0.2
  Botswana 35 69.9   0.2
  Vanuatu 36 69.5   2.1
  Romania 37 69.4   0.3
  Uruguay 38 69.2   0.5
  Rwanda 39 69.1   1.5
  Jamaica 40 69.1   0.4
  Kazakhstan 41 69.1   0.1
  Colombia 42 68.9   0.8
  Peru 43 68.7   0.2
  Armenia 44 68.7   1.6
  Poland 45 68.5   0.2
  Malta 46 68.5   0.8
  Bulgaria 47 68.3   0.4
  Cyprus 48 67.8   0.1
  Saint Vincent and the Grenadines 49 67.7   2.5
  Bahrain 50 67.7   0.8
  Saint Lucia 51 67.6   2.6
  Belgium 52 67.5   0.3
  Thailand 53 67.1   0.9
  Panama 54 67.0   0.7
  Hungary 55 66.7   0.9
  Kosovo 56 66.6   1.3
  Costa Rica 57 65.6   0.6
  Turkey 58 65.4   0.2
  Slovakia 59 65.3   0.4
  Spain 60 65.1   1.5
  Philippines 61 65.0   0.6
  Jordan 62 64.9   1.8
  Mexico 63 64.8   1.2
  Slovenia 64 64.8   5.6
  Albania 65 64.5   0.1
  Dominica 66 64.5   0.8
  Azerbaijan 67 64.3   0.7
  Montenegro 68 64.3   2.3
  Indonesia 69 64.2   2.3
  Brunei Darussalam 70 64.2   5.6
  France 71 63.9   0.6
  Portugal 72 63.4   0.8
  Guatemala 73 63.4   0.4
  The Bahamas 74 63.3   2.2
  El Salvador 75 63.2   0.9
  Tonga 76 63.1   0.1
  South Africa 77 63.0   0.7
  Kyrgyzstan 78 62.8   1.7
  Italy 79 62.5   0.0
  Serbia 80 62.5   3.6
  Kuwait 81 62.2   2.9
  Paraguay 82 62.1   0.3
  Uganda 83 62.0   1.1
  Fiji 84 62.0   1.4
  Ivory Coast 85 62.0   1.0
  Morocco 86 61.9   0.4
  Bhutan 87 61.8   3.4
  Seychelles 88 61.6   0.2
  Dominican Republic 89 61.6   1.3
  Samoa 90 61.6   3.1
  Bosnia and Herzegovina 91 61.4   1.2
  Croatia 92 61.0   1.6
  Oman 93 61.0   1.1
  Honduras 94 60.6   1.8
  Burkina Faso 95 60.0   0.4
  Cabo Verde 96 60.0   3.1
  Tanzania 97 59.9   1.3
  Saudi Arabia 98 59.6   4.8
  Tunisia 99 58.9   3.2
  Nicaragua 100 58.9   0.3
  Cambodia 101 58.7   0.8
  Guyana 102 58.7   0.2
  Namibia 103 58.5   4.0
  Nigeria 104 58.5   1.4
  Moldova 105 58.4   0.4
  Tajikistan 106 58.3   0.1
  Russia 107 57.2   0.1
  Belarus 108 58.1   0.5
  Gabon 109 58.0   0.6
  China 110 57.8   0.4
  Sri Lanka 111 57.8   0.4
  Trinidad and Tobago 112 57.7   3.5
  Mali 113 57.6   1.0
  Solomon Islands 114 57.5   2.5
  Greece 115 57.3   2.3
  Belize 116 57.1   1.5
  Barbados 117 57.0   2.5
  Guinea-Bissau 118 56.9   0.8
  Madagascar 119 56.8   0.6
  Benin 120 56.7   2.5
  Comoros 121 56.2   0.4
  Ghana 122 56.0   0.2
  Swaziland 123 55.9   5.2
  Haiti 124 55.8   6.2
  Mongolia 125 55.7   0.9
  Senegal 126 55.7   0.2
  Papua New Guinea 127 55.7   4.8
  Bangladesh 128 55.1   0.1
  Kenya 129 54.7   1.2
  India 130 54.5   1.9
  Pakistan 131 54.4   1.6
  Zambia 132 54.3   1.5
    Nepal 133 54.1   1.0
  Mauritania 134 54.0   0.4
  Myanmar 135 53.9   1.4
  Lesotho 136 53.9   0.0
  São Tomé and Príncipe 137 53.6   1.8
  Laos 138 53.6   0.4
  Egypt 139 53.4   0.8
  Lebanon 140 53.2   0.1
  Vietnam 141 53.1   0.7
  Ethiopia 142 52.8   0.1
  Micronesia 143 52.3   1.8
  Argentina 144 52.3   1.9
  The Gambia 145 52.3   1.1
  Guinea 146 52.2   4.6
  Congo-Kinshasa 147 52.2   4.3
  Malawi 148 52.1   0.2
  Cameroon 149 52.0   0.1
  Ukraine 150 51.9   3.8
  Sierra Leone 151 51.8   0.8
  Uzbekistan 152 51.5   0.8
  Brazil 153 51.4   1.5
  Afghanistan 154 51.1   2.4
  Maldives 155 51.1   0.8
  Iran 156 50.0   0.4
  Burundi 157 50.9   2.3
  Liberia 158 50.9   1.8
  Kiribati 159 50.8   0.1
  Niger 160 49.5   1.3
  Sudan 161 49.4   0.6
  Chad 162 49.3   0.3
  Central African Republic 163 49.2   2.6
  Angola 164 48.6   0.1
  Ecuador 165 48.5   0.8
  Suriname 166 48.1   0.1
  Timor-Leste 167 48.1   1.8
  Togo 168 47.8   5.4
  Turkmenistan 169 47.1   0.3
  Mozambique 170 46.3   3.6
  Djibouti 171 45.1   1.6
  Algeria 172 44.7   1.8
  Bolivia 173 44.1   3.6
  Zimbabwe 174 44.0   0.0
  Equatorial Guinea 175 42.0   3.0
  Eritrea 176 41.7   0.5
  Congo-Brazzaville 177 38.9   1.1
  Cuba 178 31.9   2.0
  Venezuela 179 25.2   1.8
  North Korea 180 5.8   0.9

Not rankedEdit

2017 ranking with more attributesEdit

The following table contains more attributes. The whole table is available in XLS format at The Heritage Foundation web site.[4]

Country Name 2017 Score Property Rights Judicial Strength Gov't Integrity Tax Burden Gov't Spending Fiscal Health Business Freedom Labor Freedom Monetary Freedom Trade Freedom Investment Freedom Financial Freedom
  Afghanistan 48,9 12,6 28,4 27,5 91,6 79,9 97,3 54,2 59,9 69,3 66,0 0 0
  Albania 64,4 54,0 28,5 39,7 86,9 72,5 51,5 79,3 50,7 81,4 87,7 70 70
  Algeria 46,5 38,2 29,6 31,7 81,1 51,0 19,8 62,1 49,5 67,0 63,3 35 30
  Angola 48,5 36,4 19,8 12,8 87,7 58,6 70,7 58,5 40,4 70,6 56,7 30 40
  Argentina 50,4 32,4 39,6 38,2 62,6 54,6 56,4 57,3 46,1 50,9 66,7 50 50
  Armenia 70,3 55,5 42,5 43,4 83,7 81,7 82,9 78,5 72,4 72,8 80,2 80 70
  Australia 81,0 81,7 92,9 74,8 63,2 59,0 84,6 89,3 84,1 86,4 86,2 80 90
  Austria 72,3 86,0 81,8 75,2 50,3 19,3 79,7 76,9 67,6 83,4 87,0 90 70
  Azerbaijan 63,6 50,5 33,0 37,6 87,7 57,5 97,4 71,5 75,0 73,6 74,4 55 50
  Bahamas 61,1 45,3 48,7 38,2 97,1 83,8 42,3 68,5 71,5 77,0 50,6 50 60
  Bahrain 68,5 64,2 53,7 55,5 99,9 69,8 12,0 69,4 78,7 80,7 82,8 75 80
  Bangladesh 55,0 34,9 26,0 19,1 72,8 94,0 78,7 53,4 68,7 68,6 63,6 50 30
  Barbados 54,5 55,5 33,0 34,3 74,0 39,0 0,0 69,6 67,7 83,7 62,2 75 60
  Belarus 58,6 50,9 56,3 37,6 89,8 48,7 92,8 71,3 74,6 60,4 80,6 30 10
  Belgium 67,8 83,3 69,3 71,5 44,1 9,6 66,3 82,0 61,1 84,9 87,0 85 70
  Belize 58,6 43,5 48,7 35,0 81,3 68,6 60,5 62,7 53,6 79,6 70,1 50 50
  Benin 59,2 36,0 29,4 31,3 68,6 85,9 71,3 51,9 52,4 85,4 68,7 80 50
  Bhutan 58,4 60,1 50,7 44,7 83,1 73,6 61,7 72,6 77,6 67,1 60,0 20 30
  Bolivia 47,7 25,7 15,4 32,6 86,1 49,1 81,4 58,9 35,8 66,4 76,0 5 40
  Bosnia and Herzegovina 60,2 41,2 40,0 32,7 83,5 33,7 89,3 47,4 59,3 84,0 86,6 65 60
  Botswana 70,1 58,1 54,0 57,6 77,1 61,2 99,4 68,8 68,6 77,9 83,8 65 70
  Brazil 52,9 55,0 49,7 33,4 70,1 53,1 22,8 61,3 52,3 67,0 69,4 50 50
  Bulgaria 67,9 62,5 38,9 41,8 91,0 58,4 86,4 66,7 68,3 83,3 87,0 70 60
  Burkina Faso 59,6 38,2 28,4 31,7 82,6 82,5 88,4 46,4 53,3 84,6 69,2 70 40
  Burma 52,5 23,0 12,9 29,6 86,2 81,5 89,9 50,1 77,1 65,4 74,2 20 20
  Burundi 53,2 25,7 19,8 24,6 73,8 69,5 69,6 53,5 67,4 75,2 74,2 55 30
  Cambodia 59,5 42,4 22,1 12,8 90,2 88,1 95,7 29,6 62,0 81,0 80,3 60 50
  Cameroon 51,8 43,5 29,6 17,4 75,4 84,4 60,9 44,3 47,8 80,1 53,4 35 50
  Canada 78,5 88,3 80,8 81,6 77,4 52,3 80,3 81,9 73,1 77,8 88,4 80 80
  Cabo Verde 56,9 42,6 50,2 41,8 78,3 70,7 1,2 65,5 43,2 86,7 68,2 75 60
  Central African Republic 51,8 12,6 33,0 28,7 65,8 94,1 84,1 27,2 42,7 68,2 55,2 80 30
  Chad 49,0 30,6 24,1 24,6 46,0 87,2 74,6 27,5 44,9 74,3 54,7 60 40
  Chile 76,5 68,2 63,7 70,5 77,6 82,2 96,1 72,3 64,3 82,2 86,4 85 70
  China 57,4 48,3 60,7 41,6 70,0 73,0 92,5 53,9 63,4 71,8 73,6 20 20
  Colombia 69,7 63,8 25,2 39,6 80,1 74,2 89,8 77,1 77,9 77,0 81,6 80 70
  Comoros 55,8 37,3 22,6 30,0 64,6 81,2 98,6 58,5 50,6 81,5 70,2 45 30
  Democratic Republic of the Congo 56,4 40,6 48,7 28,6 73,4 94,7 99,3 59,9 38,4 78,6 64,6 30 20
  Congo, Republic of 40,0 34,8 22,6 30,5 66,8 36,2 11,6 32,1 37,5 76,1 52,2 50 30
  Costa Rica 65,0 51,6 55,6 55,4 79,4 88,5 42,4 68,1 53,9 80,8 84,7 70 50
  Côte d'Ivoire 63,0 42,6 45,8 34,3 78,4 84,6 87,0 62,1 50,6 73,2 72,3 75 50
  Croatia 59,4 65,5 56,8 43,4 66,8 31,3 44,7 58,2 43,3 80,3 87,4 75 60
  Cuba 33,9 32,4 10,0 41,8 51,3 0,0 81,2 20,0 20,0 66,0 64,5 10 10
  Cyprus 67,9 75,4 60,7 53,6 73,0 48,8 72,9 75,8 58,6 83,3 87,0 75 50
  Czech Republic 73,3 70,3 55,9 55,9 82,9 45,3 92,0 67,2 77,7 85,8 87,0 80 80
  Denmark 75,1 86,7 68,5 84,9 37,2 5,7 95,4 93,9 85,8 85,5 87,0 90 80
  Djibouti 46,7 12,3 10,3 32,6 80,9 39,5 13,8 51,6 59,0 75,3 54,9 80 50
  Dominica 63,7 43,8 67,7 40,9 73,2 67,5 72,6 72,1 59,0 89,5 72,6 75 30
  Dominican Republic 62,9 56,1 25,3 30,9 84,6 90,2 90,1 52,8 56,2 76,7 77,0 75 40
  Ecuador 49,3 38,7 22,3 33,9 79,1 46,1 56,4 55,4 47,3 67,7 69,7 35 40
  Egypt 52,6 35,4 56,3 32,7 86,1 63,0 4,6 66,8 51,3 69,6 70,2 55 40
  El Salvador 64,1 45,3 35,4 31,7 79,0 85,9 74,7 57,3 54,5 79,2 86,5 80 60
  Equatorial Guinea 45,0 35,4 13,1 24,6 75,4 53,6 46,4 50,9 38,5 78,3 53,8 40 30
  Eritrea 42,2 36,4 10,3 27,5 81,3 74,7 0,0 56,7 69,7 61,0 69,2 0 20
  Estonia 79,1 82,6 82,8 69,9 81,2 55,8 99,8 77,0 56,9 85,7 87,0 90 80
  Ethiopia 52,7 32,6 29,6 37,6 77,1 90,3 86,5 50,0 57,2 65,7 65,1 20 20
  Fiji 63,4 67,7 41,9 32,7 80,7 72,5 84,1 61,3 70,5 75,5 68,8 55 50
  Finland 74,0 90,6 82,7 90,0 66,6 0,0 77,3 90,2 53,4 85,1 87,0 85 80
  France 63,3 85,0 72,7 69,7 47,6 2,0 57,0 78,0 44,1 81,6 82,0 70 70
  Gabon 58,6 35,9 26,7 37,6 77,0 81,0 96,1 50,6 58,4 83,0 61,8 55 40
  Gambia 53,4 39,1 38,8 38,2 74,9 74,3 3,2 52,8 65,6 63,8 65,0 75 50
  Georgia 76,0 55,1 66,5 65,0 87,3 74,4 93,5 87,2 75,9 78,2 88,6 80 60
  Germany 73,8 82,9 79,5 77,7 61,9 41,4 89,9 86,6 42,8 85,9 87,0 80 70
  Ghana 56,2 51,6 40,9 35,5 84,5 76,3 9,2 59,6 57,4 64,5 65,1 70 60
  Greece 55,0 52,5 56,1 41,3 61,1 5,4 58,1 74,3 51,0 78,2 82,0 60 40
  Guatemala 63,0 45,0 27,8 27,5 79,2 94,8 93,5 58,7 48,2 79,4 87,0 65 50
  Guinea 47,6 15,6 13,1 27,5 69,1 78,4 34,2 55,8 54,8 71,1 61,2 50 40
  Guinea-Bissau 56,1 33,8 48,7 28,7 89,0 87,5 75,3 46,7 60,9 77,7 65,2 30 30
  Guyana 58,5 37,7 34,1 33,9 68,0 72,8 80,9 63,2 70,9 79,8 70,7 60 30
  Haiti 49,6 12,6 25,1 19,1 80,3 81,0 51,8 49,4 62,1 73,8 70,6 40 30
  Honduras 58,8 45,0 38,2 32,2 83,3 74,7 64,1 56,9 31,2 77,3 78,4 65 60
  Hong Kong SAR 89,8 93,7 84,0 80,3 93,0 90,0 100,0 94,6 89,1 83,2 90,0 90 90
  Hungary 65,8 60,1 51,8 41,5 79,3 25,3 79,3 64,0 64,4 91,7 87,0 75 70
  Iceland 74,4 85,0 71,5 71,5 70,9 41,1 90,6 90,2 62,6 81,2 88,0 80 60
  India 52,6 55,4 44,4 44,3 77,2 77,4 11,0 52,8 41,6 75,0 72,6 40 40
  Indonesia 61,9 48,3 39,3 44,7 83,6 89,9 90,1 49,1 48,9 74,0 80,5 35 60
  Iran 50,5 32,4 36,0 29,6 81,1 92,7 94,9 64,8 54,5 55,5 54,5 0 10
  Iraq N/A 37,3 15,9 19,1 N/A 36,1 11,3 61,2 68,0 76,9 N/A N/A N/A
  Ireland 76,7 85,8 78,3 78,3 72,7 57,1 60,3 80,3 73,6 87,6 87,0 90 70
  Israel 69,7 71,9 82,0 47,6 61,0 50,5 71,8 69,9 64,3 84,9 88,0 75 70
  Italy 62,5 74,6 55,4 44,7 54,9 22,3 66,9 69,8 52,9 86,9 87,0 85 50
  Jamaica 69,5 58,0 61,5 38,2 81,0 77,5 79,9 78,9 73,7 79,5 75,3 80 50
  Japan 69,6 89,4 73,8 86,1 68,5 52,3 9,5 82,3 77,5 83,0 82,6 70 60
  Jordan 66,7 60,1 49,5 49,8 91,3 73,3 55,5 63,9 58,1 86,7 82,0 70 60
  Kazakhstan 69,0 56,1 56,5 38,0 93,3 85,7 98,9 74,5 82,5 73,9 78,5 40 50
  Kenya 53,5 45,1 42,7 24,7 78,5 77,9 14,4 50,0 62,4 73,8 67,2 55 50
  Kiribati 50,9 48,0 33,0 37,6 73,6 0,0 99,5 51,5 71,9 82,0 58,2 25 30
  Korea, North 4,9 32,4 5,0 11,6 0,0 0,0 0,0 5,0 5,0 0,0 0,0 0 0
  Korea, South 74,3 77,8 59,9 67,3 73,7 68,9 97,4 90,6 57,0 84,0 79,5 65 70
  Kuwait 65,1 55,5 56,4 41,3 97,7 40,8 99,8 61,2 61,5 73,6 78,7 55 60
  Kyrgyz Republic 61,1 50,9 17,2 30,3 93,7 55,2 78,9 73,7 79,8 68,5 75,3 60 50
  Laos 54,0 35,3 35,9 32,6 86,1 76,6 61,2 66,3 54,4 70,2 74,6 35 20
  Latvia 74,8 72,6 59,7 67,3 84,7 57,4 95,0 79,8 72,0 86,5 87,0 75 60
  Lebanon 53,3 43,8 25,3 23,3 91,8 76,1 0,0 51,5 49,5 78,4 84,4 65 50
  Lesotho 53,9 51,6 50,9 39,6 55,7 0,0 92,2 52,2 57,7 76,4 80,2 50 40
  Liberia 49,1 33,6 41,0 31,4 83,6 60,1 36,2 53,1 48,5 71,8 60,1 50 20
  Libya N/A 6,8 22,6 26,7 95 0 11,4 65,0 52,5 69,2 80,0 N/A N/A
  Liechtenstein N/A n/a n/a n/a N/A N/A N/A 92,3 85,7 N/A 90,0 85 80
  Lithuania 75,8 73,0 62,4 69,7 86,9 64,1 93,6 79,1 63,6 90,0 87,0 70 70
  Luxembourg 75,9 85,8 77,0 78,3 64,5 46,0 99,0 68,6 43,8 86,2 87,0 95 80
  Macau 70,7 60,0 60,0 37,1 72,3 92,8 100,0 60,0 50,0 70,8 90,0 85 70
  Macedonia 70,7 67,0 61,4 52,0 91,9 68,9 72,6 81,5 66,7 80,8 86,1 60 60
  Madagascar 57,4 34,8 21,4 25,0 91,0 93,2 79,8 43,3 43,8 73,3 78,0 55 50
  Malawi 52,2 36,0 44,2 31,3 79,1 69,8 33,5 45,3 56,9 54,7 70,5 55 50
  Malaysia 73,8 85,3 67,3 51,8 85,3 78,7 76,5 90,8 73,1 85,3 81,2 60 50
  Maldives 50,3 45,1 33,0 31,4 93,0 51,5 9,4 80,6 70,4 76,3 47,8 35 30
  Mali 58,6 36,7 33,8 34,3 69,4 88,0 87,8 44,2 51,1 83,0 70,1 65 40
  Malta 67,7 67,7 62,9 53,6 62,8 44,9 85,1 62,5 57,2 83,5 87,0 85 60
  Mauritania 54,4 22,5 13,8 29,2 81,2 73,2 77,1 64,4 57,4 81,9 62,3 50 40
  Mauritius 74,7 64,4 72,6 44,3 92,0 81,5 74,9 78,2 68,8 81,1 88,7 80 70
  Mexico 63,6 58,1 38,7 30,0 74,9 76,7 66,8 70,7 57,9 78,8 80,0 70 60
  Micronesia 54,1 30,0 30,0 40,7 90,7 0,0 98,6 57,8 67,7 83,6 85,6 35 30
  Moldova 58,0 49,6 23,9 28,6 86,1 54,8 90,6 65,9 38,9 72,0 80,0 55 50
  Mongolia 54,8 51,3 28,4 36,8 87,1 57,6 0,0 67,2 76,6 72,3 74,9 45 60
  Montenegro 62,0 58,0 50,4 43,4 83,1 33,1 44,3 72,0 67,4 82,5 84,7 75 50
  Morocco 61,5 55,0 41,9 37,1 71,7 69,4 55,0 67,7 33,8 82,7 84,0 70 70
  Mozambique 49,9 40,6 32,4 30,9 73,2 58,2 22,7 58,8 41,0 79,9 76,7 35 50
  Namibia 62,5 53,8 50,6 41,3 65,2 55,6 66,4 67,6 84,4 77,2 83,5 65 40
    Nepal 55,1 37,3 32,0 26,7 84,9 89,5 98,4 64,6 47,6 72,2 68,1 10 30
  Netherlands 75,8 87,4 69,9 85,7 53,2 37,0 83,0 80,2 70,5 85,8 87,0 90 80
  New Zealand 83,7 96,1 88,5 89,9 70,8 46,5 97,8 91,8 86,2 90,1 87,4 80 80
  Nicaragua 59,2 31,1 15,9 27,4 77,2 80,8 96,1 59,0 55,6 71,2 81,0 65 50
  Niger 50,8 33,8 22,6 35,0 76,3 73,4 38,5 39,1 46,1 83,3 66,4 55 40
  Nigeria 57,1 35,3 33,2 12,2 85,2 95,2 87,2 48,9 73,9 71,3 62,3 40 40
  Norway 74,0 86,7 83,3 88,3 55,6 38,5 98,4 89,5 48,8 75,8 87,7 75 60
  Oman 62,1 60,8 52,3 47,6 98,5 20,5 36,3 68,4 70,3 80,6 85,2 65 60
  Pakistan 52,8 36,4 34,1 30,5 78,9 87,3 30,8 61,2 37,8 74,8 67,2 55 40
  Panama 66,3 61,1 21,5 40,9 85,2 83,1 84,9 74,4 43,0 78,4 77,8 75 70
  Papua New Guinea 50,9 37,7 54,0 32,7 67,8 64,5 16,7 59,8 67,4 69,8 85,4 25 30
  Paraguay 62,4 38,2 23,3 32,6 96,2 83,0 95,1 62,4 28,5 78,3 76,6 75 60
  Peru 68,9 58,3 28,2 38,8 80,3 85,1 98,4 69,4 62,8 83,3 87,1 75 60
  Philippines 65,6 49,2 37,1 38,7 78,9 89,4 97,2 62,6 57,2 80,6 76,4 60 60
  Poland 68,3 60,8 58,0 55,5 76,0 46,9 76,1 67,8 61,5 84,7 87,0 75 70
  Portugal 62,6 73,3 68,9 59,0 59,8 25,1 32,1 86,4 43,4 85,9 87,0 70 60
  Qatar 73,1 74,8 63,0 59,0 99,6 71,2 97,4 68,1 65,4 80,6 83,1 55 60
  Romania 69,7 63,9 58,5 45,9 87,4 65,3 90,9 65,9 62,5 83,6 87,0 75 50
  Russia 57,1 47,6 44,5 38,2 81,8 61,5 93,4 74,8 50,8 57,3 75,2 30 30
  Rwanda 67,6 64,4 68,8 45,9 79,8 77,3 83,3 59,0 81,8 80,0 70,3 60 40
  Saint Lucia 65,0 65,5 68,8 39,6 76,4 71,6 53,8 77,2 68,7 82,3 71,6 65 40
  Saint Vincent and the Grenadines 65,2 37,3 68,8 47,6 72,8 71,7 66,7 80,3 74,5 82,9 65,2 75 40
  Samoa 58,4 51,3 22,6 37,1 80,4 51,9 66,6 77,0 73,3 84,5 70,7 55 30
  São Tomé and Príncipe 55,4 37,7 15,9 39,7 87,8 67,9 67,1 65,0 47,2 69,6 71,8 65 30
  Saudi Arabia 64,4 62,0 65,0 45,9 99,7 54,5 65,7 73,8 68,5 70,1 78,2 40 50
  Senegal 55,9 44,0 39,3 42,1 70,9 74,3 51,8 50,8 38,9 86,0 73,1 60 40
  Serbia 58,9 50,3 40,2 38,2 83,3 40,3 46,9 62,9 65,9 80,8 77,8 70 50
  Seychelles 61,8 55,2 42,6 44,3 78,8 63,9 90,7 63,4 55,9 78,3 83,4 55 30
  Sierra Leone 52,6 37,4 27,0 18,9 81,3 90,2 76,2 49,6 29,7 71,1 69,4 60 20
  Singapore 88,6 97,1 91,5 87,9 90,5 90,1 80,7 95,1 90,8 84,3 90,0 85 80
  Slovak Republic 65,7 69,0 38,0 39,6 79,7 47,2 82,9 64,9 54,4 81,1 87,0 75 70
  Slovenia 59,2 75,0 55,1 53,6 58,7 28,6 6,1 80,6 60,2 85,3 87,0 70 50
  Solomon Islands 55,0 39,3 41,9 33,9 62,8 34,4 99,8 68,5 70,5 81,0 83,0 15 30
  South Africa 62,3 67,6 59,7 47,6 70,2 68,4 70,0 62,0 58,9 75,8 77,3 40 50
  Spain 63,6 71,2 53,9 57,2 62,5 41,4 26,9 66,9 55,3 85,5 87,0 85 70
  Sri Lanka 57,4 48,0 48,3 30,0 85,3 90,2 31,2 72,8 57,5 76,0 74,5 35 40
  Sudan 48,8 31,1 19,8 18,9 86,5 95,1 85,5 53,9 49,7 59,3 50,5 15 20
  Suriname 48,0 45,1 15,4 31,7 70,1 69,6 16,2 48,6 76,1 75,1 68,4 30 30
  Swaziland 61,1 53,5 33,3 30,9 74,8 71,6 93,2 57,5 64,4 75,6 88,9 50 40
  Sweden 74,9 88,6 82,2 87,4 44,4 21,7 93,4 90,8 53,2 85,3 87,0 85 80
   Switzerland 81,5 86,9 77,6 80,3 70,9 67,5 95,8 76,8 72,2 84,4 90,0 85 90
  Syria N/A 37,3 22,6 30,0 N/A N/A 0,0 66,4 55,7 N/A 56,6 N/A N/A
  Taiwan 76,5 86,5 67,7 70,5 75,3 89,5 83,7 93,4 55,0 85,2 86,2 65 60
  Tajikistan 58,2 45,5 45,6 32,7 90,9 74,1 95,8 65,6 49,2 69,8 73,9 25 30
  Tanzania 58,6 33,8 28,8 29,2 80,3 89,5 76,6 50,1 64,3 69,6 76,0 55 50
  Thailand 66,2 51,3 41,7 40,7 81,0 85,3 96,3 69,9 62,8 72,9 82,8 50 60
  Timor-Leste 46,3 6,8 10,3 29,2 64,7 65,6 20,0 72,2 63,9 77,5 80,0 45 20
  Togo 53,2 33,8 39,9 36,8 68,2 79,8 45,1 50,3 46,2 77,5 71,3 60 30
  Tonga 63,0 65,5 19,8 47,6 86,9 74,4 79,6 76,1 86,0 80,6 79,7 40 20
  Trinidad and Tobago 61,2 54,7 48,7 36,8 81,4 57,7 51,8 67,7 71,4 75,9 78,6 60 50
  Tunisia 55,7 49,6 39,9 37,3 73,7 73,4 53,4 80,6 56,1 75,9 63,8 35 30
  Turkey 65,2 61,3 52,5 40,7 75,5 57,7 95,7 64,3 48,5 72,2 79,4 75 60
  Turkmenistan 47,4 32,4 5,0 29,6 95,3 92,3 98,9 30,0 20,0 74,8 80,0 0 10
  Uganda 60,9 39,3 34,6 28,7 73,7 91,0 78,1 42,4 84,6 80,3 78,3 60 40
  Ukraine 48,1 41,4 22,6 29,2 78,6 38,2 67,9 62,1 48,8 47,4 85,9 25 30
  United Arab Emirates 76,9 76,7 85,0 74,2 96,4 67,4 99,2 81,1 80,9 78,4 83,5 40 60
  United Kingdom 76,4 93,8 93,0 78,3 65,1 41,9 40,4 89,9 72,8 85,0 87,0 90 80
  United States 75,1 81,3 75,1 78,1 65,3 55,9 53,3 84,4 91,0 80,1 87,1 80 70
  Uruguay 69,7 70,2 66,8 70,3 77,5 69,4 77,2 74,8 62,9 71,3 80,6 85 30
  Uzbekistan 52,3 48,0 41,9 27,5 90,7 66,2 99,8 64,8 50,4 61,1 66,8 0 10
  Vanuatu 67,4 65,5 33,0 70,5 97,0 80,4 99,1 51,4 58,1 74,8 73,9 65 40
  Venezuela 27,0 6,8 10,3 11,6 72,5 51,5 15,2 39,7 28,5 16,8 60,7 0 10
  Vietnam 52,4 49,7 32,0 24,6 79,6 74,6 21,1 61,2 62,2 76,0 83,1 25 40
  Yemen N/A 37,3 22,6 17,4 N/A 77,2 10,6 51,4 54,2 59,7 N/A N/A N/A
  Zambia 55,8 49,6 39,8 35,0 73,1 81,6 21,6 66,6 48,2 70,7 78,3 55 50
  Zimbabwe 44,0 27,3 26,1 14,7 61,1 75,2 90,6 36,2 33,1 76,5 52,8 25 10
  Somalia N/A 6,8 N/A 11,6 100 N/A 0,0 92,3 91,8 N/A N/A N/A N/A
  Kosovo 67,9 70,3 58,0 45,9 93,5 77,8 88,9 68,8 65,3 80,0 70,8 65 30
  Brunei Darussalam 69,8 62,5 39,9 40,9 85,6 61,2 100,0 76,6 90,4 76,1 89,1 65 50

MethodEdit

The 2018 ranking scores aspects of economic freedom between 0 and 100, with 0 meaning "no economic freedom" and 100 meaning "total economic freedom". There are twelve aspects divided into four categories.[5]

Rule of lawEdit

Property rights

Degree of a country's legal protection of private property rights and degree of enforcement of those laws. It is divided into the following sub-factors:

  1. physical property rights
  2. intellectual property rights
  3. strength of investor protection
  4. risk of expropriation
  5. quality of land administration
Judicial effectiveness

Degree of the judiciary's efficiency and fairness, especially dealing with property laws. It is divided into the following sub-factors:

  1. judicial independence
  2. quality of the judicial process
  3. likelihood of obtaining favorable judicial decisions
Government integrity

Analyzes how prevalent are forms of political corruption and practices such as bribery, extortion, nepotism, cronyism, patronage, embezzlement, and graft. It is divided into the following sub-factors:

  1. public trust in politicians
  2. irregular payments and bribes
  3. transparency of government policymaking
  4. absence of corruption
  5. perceptions of corruption
  6. governmental and civil service transparency

Government sizeEdit

Tax burden

Analyzes marginal tax rates on personal and corporate income and the overall taxation level (including direct and indirect taxes imposed by all levels of government) as a percentage of the GDP. Its sub-factors are:

  1. top marginal tax rate on individual income
  2. top marginal tax rate on corporate income
  3. total tax burden as a percentage of GDP
Government spending

Quantifies the burden of government expenditures, including consumption by the state and all transfer payments related to various entitlement programs. The ideal level varies from country to country, but zero expenditure is used as a benchmark.

Fiscal health

Analyzes how well a country manages its budget by quantifying the growing debt and deficit. It is divided into the following sub-factors:

  1. average deficits as a percentage of GDP for the most recent three years (80 percent of score)
  2. debt as a percentage of GDP (20 percent of score)

Regulatory efficiencyEdit

Business freedom

Analyses the cost, time and freedom to open, operate and close a business, taking into consideration factors like electricity. It is divided into thirteen sub-factors:

  1. starting a business—procedures (number);
  2. starting a business—time (days);
  3. starting a business—cost (% of income per capita);
  4. starting a business—minimum capital (% of income per capita);
  5. obtaining a license—procedures (number);
  6. obtaining a license—time (days);
  7. obtaining a license—cost (% of income per capita);
  8. closing a business—time (years);
  9. closing a business—cost (% of estate);
  10. closing a business—recovery rate (cents on the dollar);
  11. getting electricity—procedures (number);
  12. getting electricity—time (days); and
  13. getting electricity—cost (% of income per capita).
Labor freedom

Quantifies the intrusivness of labor rights such as minimum wage, laws inhibiting layoffs, severance requirements, and measurable regulatory restraints on hiring and hours worked, plus the labor force participation rate as an indicative measure of employment opportunities in the labor market. It is divided into the following sub-factors:

  1. ratio of minimum wage to the average value added per worker
  2. hindrance to hiring additional workers
  3. rigidity of hours
  4. difficulty of firing redundant employees
  5. legally mandated notice period
  6. mandatory severance pay
  7. labor force participation rate
Monetary freedom

Analyses how stable are prices and how much microeconomy intervenes. It is divided into the following sub-factors:

  1. weighted average inflation rate for the most recent three years
  2. price controls

Market opennessEdit

Trade freedom

Quantifies the extent to which tariff and nontariff barriers affect imports and exports of goods and services into and out of the country. Its sub-factors are:

  1. trade-weighted average tariff rate
  2. nontariff barriers (NTBs)
Investment freedom

Analyses how free or constrained is the flow of investment capital of individuals and firms.

Financial freedom

Indicates banking efficiency as well as how independent from the government is the financial sector. This aspect looks at five broad areas:

  1. extent of government regulation of financial services
  2. degree of state intervention in banks and other financial firms through direct and indirect ownership
  3. government influence on the allocation of credit
  4. extent of financial and capital market development
  5. openness to foreign competition

MeaningEdit

The Heritage Foundation reports that the top 20% on the index have twice the per capita income of those in the second quintile, and five times that of the bottom 20%.[6] Carl Schramm, who wrote the first chapter of the 2008 Index, states that cities of Medieval Italy and mid-19th century Midwestern American cities all flourished to the degree they possessed economic fluidity and institutional adaptiveness created by economic freedom.[7]

According to Will Wilkinson of the libertarian think tank Cato Institute, studies show that higher economic freedom correlates strongly with higher self-reported happiness.[8] According to economists Tomi Ovaska and Ryo Takashima, economic freedom research suggests "that people unmistakably care about the degree to which the society where they live provides them opportunities and the freedom to undertake new projects, strongly with and make choices based on one's personal preferences."[9]

According to the Cato Institute, higher economic freedom promotes participation and collaboration.[10] Also claimed is that higher economic freedom is extremely significant in preventing wars; according to their calculations, freedom is around 54 times more effective than democracy (as measured by Democracy Score) in diminishing violent conflict.[11]

RatingsEdit

Since the index was created in 1995, the score for world economic freedom has increased, rising 2.6 points up to 2008.[12] In 2011 the score had decreased from the 2008 score of 60.2 to 59.7, which represents an increase of 2.2 points since 1995. The Economic Freedom score improved for 117 countries, the majority of countries included in the index, which were mainly developing and emerging market economies. With the exception of Europe and North America, there were increased levels of freedom recorded in all regions, with the greatest improvement shown in Sub-Saharan Africa. The top five "free" economies identified by the 2011 index were Hong Kong, Singapore, Australia, New Zealand, and Switzerland, each scoring over 80 on the economic freedom grading scale.[13] Since the Index was created in 1995, Hong Kong has been the top performing economy.[13][14]

In 2011, the United States dropped to 9th place behind such countries as Denmark, Canada, and first-place Hong Kong.[13] The Heritage Foundation has pointed to increases in government spending as the reason for the United States' decline, and according to data from the 2011 index, the growth rates of countries with the highest levels of government spending were 4.5 points lower, on average, than countries where government spending was under control.[15] In their "Executive Highlights" of index results, the Heritage Foundation stated that "high levels of government spending in response to the global economic turmoil have not resulted in higher economic growth".[13]

The results from the 2012 index showed an overall decline in global economic freedom; according to The Heritage Foundation, the average score in its ranking was the second lowest of the last ten years.[16] In particular, the U.S. dropped to 10th place in the ranking, and has now fallen three places since 2008, when it was 7th.[17] A report issued by the Foundation stated that government spending was the cause of the decline, and had "not only failed to arrest the economic crisis, but also—in many countries—seems to be prolonging it".[18] According to the report, activity in the private sector is threatened by the greater government spending, which has increased public debt and led to more bureaucracy.[16]

Countries that shared the same rank received a tie score.

ReceptionEdit

According to the Freedom House, "there is a high and statistically significant correlation between the level of political freedom as measured by Freedom House and economic freedom as measured by the Wall Street Journal/Heritage Foundation survey."[19] The Millennium Challenge Account, a U.S. government foreign aid program, has used the Trade freedom indicator in determining which countries will receive their performance-based compacts.[20]

Critics such as Jeffrey Sachs have contested the Index's assumption that economic openness necessarily leads to better growth. In his book The End of Poverty, Sachs graphed countries' ratings on the index against GDP per capita growth between 1995 and 2003, claiming to demonstrate no correlation between a country's rating and its rate of economic growth. Sachs pointed out, as examples, that countries with good ratings such as Switzerland and Uruguay had sluggish economic performances, others, like China, with poorer rating had very strong economic growth.[21]

The UAE questioned the rating of their country's economic freedom in 2008, comparing its middling rating with the high rating they had received from other indicators such as Transparency International and Moody's. They also argued that the report is "unreliable", because its methodology had changed twice in the last two years.[22]

Stefan Karlsson of the Ludwig von Mises Institute, challenged the usefulness of the index due to the fuzziness of many of the categories used to determine freedom.[23] John Miller roundly criticizes the "Index", writing in Dollars & Sense, "In the hands of the Wall Street Journal and the Heritage Foundation, Washington's foremost right-wing think tank, however, an economic freedom index merely measures corporate and entrepreneurial freedom from accountability. Upon examination, the index turns out to be a poor barometer of either freedom more broadly construed or of prosperity."[24] According to Left Business Observer, growth in Index accounts for 10% of the variation in the growth of GDP.[25]

Historical rankingsEdit

Historical ranks and scoresEdit

Key: ██ Free (80–100) ██ Mostly Free (70.0–79.9) ██ Moderately Free (60.0–69.9) ██ Mostly Unfree (50.0–59.9) ██ Repressed (0–49.9)

  2017[26] 2016[27] 2015[28] 2014[29]
Country Rank Score Change in Yearly Score from 2016 Rank Score Change in Yearly Score from 2015 Rank Score Change in Yearly Score from 2014 Rank Score Change in Yearly Score from 2013
  Hong Kong 1 89.8   1.2 1 88.6   -1.0 1 89.6   -0.5 1 90.1   0.8
  Singapore 2 88.6   0.8 2 87.8   -1.6 2 89.4   0 2 89.4   1.4
  New Zealand 3 83.7   2.1 3 81.6   -0.5 3 82.1   0.9 5 81.2   -0.2
   Switzerland 4 81.5   0.5 4 81   0.5 5 80.5   -1.1 4 81.6   0.6
  Australia 5 81   0.7 5 80.3   -1.1 4 81.4   -0.6 3 82   -0.6
  Estonia 6 79.1   1.9 9 77.2   0.4 8 76.8   0.9 11 75.9   0.6
  Canada 7 78.5   0.5 6 78   -1.1 6 79.1   -1.1 6 80.2   0.8
  United Arab Emirates 8 76.9   4.5 25 72.4   1 28 71.4   0.3 28 71.1   1.8
  Ireland 9 76.7   -0.6 8 77.3   0.7 9 76.6   0.4 9 76.2   0.5
  Chile 10 76.5   -1.2 7 77.7   -0.8 7 78.5   -0.2 7 78.7   -0.3
  Taiwan 11 76.5   1.8 14 74.7   -0.4 14 75.1   1.2 17 73.9   1.2
  United Kingdom 12 76.4   0 10 76.4   0.6 13 75.8   0.9 14 74.9   0.1
  Georgia 13 76   3.0 22 73   0.4 22 72.6   0.4 21 72.2   2.8
  Luxembourg 14 75.9   2.7 21 73.2   -1 16 74.2   0 15 74.2   -0.3
  Netherlands 15 75.8   2.1 17 73.7   -0.5 15 74.2   0.7 17 73.5   0.2
  Lithuania 16 75.8   0.6 13 75.2   0.5 15 74.7   1.7 21 73   0.9
  United States 17 75.1   -0.3 11 75.4   -0.8 12 76.2   0.7 12 75.5   -0.5
  Denmark 18 75.1   -0.2 12 75.3   -1.0 11 76.3   0.2 10 76.1   0
  Sweden 19 74.9   2.2 23 72.7   -0.4 20 73.1   0.2 18 72.9   1.2
  Latvia 20 74.8   5.1 37 69.7   1 42 68.7   2.2 55 66.5   1.3
  Mauritius 21 74.7   0 15 74.7   -1.7 10 76.4   -0.1 8 76.5   -0.4
  Iceland 22 74.4   2.4 26 72   -0.4 23 72.4   0.3 23 72.1   1.2
  South Korea 23 74.3   2.8 29 71.5   0.3 31 71.2   0.9 34 70.3   0.4
  Finland 24 74.0   0.6 19 73.4   0 19 73.4   -0.6 16 74   1.7
  Norway 25 74   2.2 27 71.8   0.9 32 70.9   0.4 31 70.5   1.7
  Germany 26 73.8   0 16 73.8   0.4 18 73.4   0.6 19 72.8   1.8
  Malaysia 27 73.8   3 31 70.8   1.2 37 69.6   3.5 56 66.1   -0.3
  Czech Republic 28 73.3   0.8 24 72.5   0.3 26 72.2   1.3 29 70.9   1
  Qatar 29 73.1   2.3 32 70.8   -0.4 30 71.2   -0.1 27 71.3   0
  Austria 30 72.3   1.1 30 71.2   -1.2 24 72.4   0.6 25 71.8   1.5
  Macedonia 31 70.7   3.6 53 67.1   -1.5 43 68.6   0.4 43 68.2   -0.3
  Macau 32 70.7   0.4 34 70.3   -1 29 71.3   -0.4 26 71.7   -0.1
  Armenia 33 70.3   3.2 52 67.1   -1.8 41 68.9   -0.5 38 69.4   0.6
  Botswana 34 71.1   -2.2 36 69.8   -2.2 27 72   1.4 30 70.6   1
  Brunei 35 69.8   0.9 39 68.9   -0.1 40 69 -
  Israel 36 69.7   -0.8 33 70.5   2.1 44 68.4   1.5 51 66.9   -0.9
  Colombia 37 69.7   -2 28 71.7   1 34 70.7   1.1 37 69.6   1.6
  Uruguay 38 69.7   1.1 43 68.6   -0.7 38 69.3   -0.4 36 69.7   -0.2
  Romania 39 69.7   3.1 57 66.6   1.1 62 65.5   0.4 59 65.1   0.7
  Japan 40 69.6   -3.7 20 73.3   0.9 25 72.4   0.6 24 71.8   0.2
  Jamaica 41 69.5   1.8 48 67.7   1 56 66.7   -0.1 52 66.8   1.7
  Kazakhstan 42 69   5.7 69 63.3   -0.4 67 63.7   0.7 68 63   -0.6
  Peru 43 68.9   1.2 47 67.7   0.3 47 67.4   -0.8 44 68.2   -0.5
  Bahrain 44 68.5   -4.9 18 73.4   -1.7 13 75.1   -0.4 12 75.5   0.3
  Poland 45 68.3   -0.3 42 68.6   1.6 50 67   1 57 66   1.8
  Kosovo 46 67.9
  Bulgaria 47 67.9   1.1 55 66.8   1.1 61 65.7   0.7 60 65   0.3
  Cyprus 48 67.9   0 45 67.9   0.3 46 67.6   -1.4 41 69   -2.8
  Belgium 49 67.8   -1 40 68.8   -1.1 35 69.9   0.7 40 69.2   0.2
  Malta 50 67.7   1.2 58 66.5   0.1 58 66.4   -1.1 47 67.5   0.5
  Rwanda 51 67.6   2.8 65 64.8   0.1 65 64.7   0.6 63 64.1   -0.8
  Vanuatu 52 67.4   6.3 84 61.1   1.6 93 59.5   2.9 109 56.6   0
  Jordan 53 66.7   -2.6 38 69.3   0.1 39 69.2   -1.2 33 70.4   0.5
  Panama 54 66.3   2.2 68 64.1   0.7 71 63.4   0.9 71 62.5   -2.7
  Thailand 55 66.2   3.8 75 62.4   -0.9 72 63.3   -0.8 61 64.1   -0.8
  Hungary 56 65.8   -1.0 54 66.8   -0.2 51 67   -0.3 48 67.3   0.2
  Slovakia 57 65.7   -1.5 50 67.2   0.8 57 66.4   -2.3 42 68.7   1.7
  Philippines 58 65.6   3.4 76 62.2   2.1 89 60.1   1.9 97 58.2   1.1
  Saint Vincent and the Grenadines 59 65.2   -2.8 44 68   1 52 67   0.3 54 66.7   0.2
  Turkey 60 65.2   2 70 63.2   -1.7 64 64.9   2 69 62.9   0.4
  Kuwait 61 65.1   2.6 74 62.5   0.2 76 62.3   -0.8 66 63.1   0.6
  Saint Lucia 62 65   -5.2 35 70.2   -0.5 33 70.7   0.3 32 70.4   -0.9
  Costa Rica 63 65   -2.2 51 67.2   0.3 53 66.9   -0.1 49 67   -1
  Saudi Arabia 64 64.4   2.3 77 62.1   -0.1 77 62.2   1.6 82 60.6   -1.9
  Albania 65 64.4   -1.3 63 65.7   -1.2 54 66.9   1.7 58 65.2   0.1
  El Salvador 66 64.1   -1.6 62 65.7   -0.5 59 66.2   -0.5 53 66.7   -2
  Dominica 67 63.7   -2.4 61 66.1   0.9 63 65.2   1.3 64 63.9   2.3
  Azerbaijan 68 63.6   2.6 85 61   -0.3 81 61.3   1.6 88 59.7   0.8
  Spain 69 63.6   -4.0 49 67.6   0.4 49 67.2   -0.8 46 68   -1.1
  Mexico 70 63.6   -2.8 59 66.4   -0.4 55 66.8   -0.2 50 67   1.7
  Fiji 71 63.4   4.4 98 59   0.3 99 58.7   1.5 105 57.2   -0.1
  France 72 63.3   0.8 73 62.5   -1 70 63.5   -0.6 62 64.1   0.9
  Tonga 73 63   3.7 95 59.3   1.1 104 58.2   2.2 112 56   -1
  Guatemala 74 63   2.6 87 60.4   -0.8 83 61.2   1.2 85 60   -0.9
  Ivory Coast 75 63.0   4.5 103 58.5   0.8 107 57.7   3.6 126 54.1   -0.2
  Dominican Republic 76 62.9   1.9 86 61   -0.3 80 61.3   1.6 87 59.7   -0.5
  Portugal 77 62.6   -2.7 64 65.3   1.8 69 63.5   0.4 67 63.1   0.1
  Namibia 78 62.5   2.9 93 59.6   0.2 94 59.4   -0.9 84 60.3   -1.6
  Italy 79 62.5   0.8 80 61.7   0.8 86 60.9   0.3 83 60.6   1.8
  Paraguay 80 62.4   1.3 83 61.1   -0.9 78 62   0.9 80 61.1   -0.7
  South Africa 81 62.3   -0.3 72 62.6   0.1 75 62.5   0.7 74 61.8   -0.9
  Oman 82 62.1   -4.6 56 66.7   -0.7 48 67.4   -0.7 45 68.1   0.2
  Montenegro 83 62   -2.7 66 64.7   1.1 68 63.6   1 70 62.6   0.1
  Indonesia 84 61.9   3.8 105 58.1   -0.4 100 58.5   1.6 108 56.9   0.5
  Seychelles 85 61.8   4.3 114 57.5   1.3 117 56.2   1.3 124 54.9   1.9
  Morocco 86 61.5   1.4 89 60.1   1.8 103 58.3   -1.3 90 59.6   -0.6
  Trinidad and Tobago 87 61.2   -2.9 67 64.1   1.4 73 62.7   0.4 72 62.3   -2.1
  Swaziland 88 61.1   1.2 91 59.9   -1.3 82 61.2   4 104 57.2   0
  Kyrgyzstan 89 61.1   -0.2 82 61.3   0.2 85 61.1   1.5 89 59.6   -0.6
  Bahamas 90 61.1   -7.6 41 68.7   -1.1 36 69.8   -0.3 35 70.1   2.1
  Uganda 91 60.9   1.2 92 59.7   -0.2 91 59.9   -1.2 79 61.1   -0.8
  Bosnia and Herzegovina 92 60.2   1.2 97 59   0.6 101 58.4   1.1 103 57.3   0
  Burkina Faso 93 59.6   1 102 58.6   -0.3 98 58.9   -1 86 59.9   -0.7
  Cambodia 94 59.5   2 110 57.5   0.1 108 57.4   -1.1 95 58.5   0.9
  Croatia 95 59.4   -2.1 81 61.5   1.1 87 60.4   -0.9 78 61.3   0.4
  Benin 96 59.2   0.4 99 58.8   1.7 113 57.1   -0.5 101 57.6   1.9
  Slovenia 97 59.2   -1.1 88 60.3   -2.4 74 62.7   1 76 61.7   -1.2
  Nicaragua 98 59.2   1.6 108 57.6   -0.8 102 58.4   1.8 110 56.6   -1.3
  Serbia 99 58.9   -1.1 90 60   0.6 95 59.4   0.8 94 58.6   0.6
  Honduras 100 58.8   1.4 116 57.4   0.3 112 57.1   -1.3 96 58.4   -0.4
  Belize 101 58.6   1.8 117 56.8   0.1 115 56.7   -0.6 102 57.3   -4.6
  Mali 102 58.6   2.2 119 56.4   0.9 122 55.5   -0.9 111 56.4   0.6
  Gabon 103 58.6   0.3 104 58.3   0.5 105 57.8   0 99 57.8   1.4
  Belarus 104 58.6   8.8 153 49.8   -0.3 150 50.1   2.1 154 48   -1
  Tanzania 105 58.6   1.1 109 57.5   -0.3 106 57.8   -0.1 98 57.9   0.9
  Guyana 106 58.5   3 123 55.5   -0.2 121 55.7   1.9 129 53.8   2.5
  Bhutan 107 58.4   1 115 57.4   0.7 116 56.7   1.7 122 55   -1.6
  Samoa 108 58.4   -3.5 78 61.9   0.8 84 61.1   4 106 57.1   -3.4
  Tajikistan 109 58.2   5.5 140 52.7   0.7 139 52   -1.4 131 53.4   0
  Moldova 110 58   0.5 111 57.5   0.2 110 57.3   1.8 115 55.5   1.1
  China 111 57.4   4.7 139 52.7   0.2 137 52.5   0.6 136 51.9   0.7
  Sri Lanka 112 57.4   -1.2 101 58.6   -1.4 90 60   -0.7 81 60.7   2.4
  Madagascar 113 57.4   -4.3 79 61.7   0 79 61.7   -0.3 73 62   -0.4
  Russia 114 57.1   5 143 52.1   0.2 140 51.9   0.8 139 51.1   0.6
  Nigeria 115 57.1   1.5 120 55.6   1.3 129 54.3   -0.8 120 55.1   -1.2
  Cape Verde 116 56.9   -9.5 60 66.4   0.3 60 66.1   2.4 65 63.7   0.2
  Democratic Republic of the Congo 117 56.4   13.7 170 42.7   -1 169 43.7   0.2 167 43.5   -0.3
  Ghana 118 56.2   -6.8 71 63   -1.2 66 64.2   2.9 77 61.3   0.6
  Guinea-Bissau 119 56.1   4.1 145 52   0.7 143 51.3   0.2 138 51.1   1
  Senegal 120 55.9   -1.9 106 57.8   2.4 125 55.4   -0.1 116 55.5   0.1
  Comoros 121 55.8   3.7 142 52.1   0.7 142 51.4   3.9 157 47.5   1.8
  Zambia 122 55.8   -2.9 100 58.7   -1.7 88 60.4   1.7 93 58.7   0.4