INDEX COUNTRIES Economic Freedom of the World · 2016-11-09 · Annual Report; World Bank, 2016,...

CANADA

GREENLAND

BRAZIL

RUSSIA

KAZAKHSTAN MONGOLIA

CHINA

JAPAN

INDIA

AUSTRALIA

NEWZEALAND

INDONESIA

UNITED STATESOF AMERICA

MEXICO

BELIZE

CUBA

THE BAHAMAS

JAMAICA

HAITI

HONDURAS

VENEZUELA

ECUADOR

BOLIVIA

CHILE

ARGENTINA

PARAGUAY

URUGUAY

GUYANA

TRINIDAD AND TOBAGO

BARBADOS

DOMINICAN REPUBLIC

ICELAND

NORWAY

UNITEDKINGDOM

GERMANY

POLAND

BELARUS

UKRAINE

MOLDOVA

CZECHREPUBLIC

SWITZERLAND

AUSTRIA

SLOVENIA

HUNGARY

CROATIA

SLOVAKIA

ESTONIA

LATVIA

LITHUANIA

LICHTENSTEIN

LUXEMBOURGBELGIUM

NETHERLANDS

FRANCE

SPAINPORTUGAL

WESTERNSHARAH

CAPE VERDE

ITALY

ROMANIA

SERBIA

KOSOVO

BOSNIA ANDHERZEGOVINA

MALTA

TUNISIACYPRUS

ISRAEL

SENEGAL

BURKINAFASO

COTED’IVOIRE

GHANA

LESOTHO

SWAZILAND

TOGO

EQUATORIALGUINEA

BENINDJIBOUTI

U.A.E

TAJIKISTAN

KYRGYZSTAN

RWANDA

MALAWI

BURUNDI

NEPALBHUTAN

BANGLADESH

MYANMAR

THAILAND

LAOS

CAMBODIA

SRI LANKA

VIETNAM

HONGKONG

MALASIA

SINGAPORE

TIMOR-LESTE

SOLOMON ISLANDS

FIJIVANUATU

PAPUANEW

GUINEA

PHILIPPINES

NORTHKOREA

SOUTHKOREA

TAIWAN

GUAM

LIBERIA

SIERRA LEONE

GUINEAGUINEA-BISAU

THE GAMBIA

QATAR

KUWAIT

LEBANON

JORDAN

GREECE

BULGARIAARMENIA

AZERBAIJAN

GEORGIAALBANIA

MONTENEGRO

TURKEY

SYRIA

IRAQ IRAN

EGYPT

LIBYAALGERIA

MOROCCO

MALIMAUTANIA

NIGER

NIGERIA

CHAD

CENTRAL AFRICANREBUBLIC

CAMEROON

GABON

CONGO

OMAN

YEMEN

ETHIOPIA

DEMOCRATICREPUBLIC

OF THE CONGO

SOUTHAFRICA

ANGOLA

ZAMBIA

TANZANIA

UGANDA

KENYA

SOMALIA

NAMIBIA

BOTSWANA

ZIMBABWE MOZAMBIQUE

MADAGASCAR

MAURITIUS

SEYCHELLES

ERITREASUDAN

SOUTHSUDAN

TURKMENISTAN

UZBEKISTAN

AFGHANISTAN

PAKISTAN

KASHMIR

SAUDIARABIA

IRELAND

SWEDEN

FINLAND

SURINAME

COLOMBIA

PERU

NICARAGUA

COSTA RICA

PANAMA

GUATEMALA

EL SALVADOR

FRENCH GUYANA

MACEDONIA

The Fraser Institute acknowledges

the valuable support of the Charles

Koch Foundation and the Searle

Freedom Trust.

Economic freedom means that people are free to trade with others, compete in markets, buy what they want, earn a living in a job they choose. The key ingredients of economic freedom are personal choice, voluntary exchange, freedom to compete, and protection of persons and property. This index provides a comprehensive and objective measure of economic freedom.

Economic Freedom of the World

MO

ST

FR

EE

SE

CO

ND

TH

IRD

LE

AS

T F

RE

E

www.freetheworld.com

9.03 Hong Kong8.71 Singapore8.35 New Zealand8.25 Switzerland7.98 Canada7.98 Georgia7.98 Ireland7.98 Mauritius7.98 United Arab Emirates7.93 Australia7.93 United Kingdom7.91 Qatar7.83 Chile7.82 Jordan7.81 Lithuania7.75 United States7.74 Malta7.71 Armenia7.70 Estonia7.68 Finland7.67 Denmark7.66 Romania7.65 Luxembourg7.65 Taiwan7.63 Netherlands7.60 Bahrain7.57 Latvia7.56 Austria7.56 Costa Rica7.55 Germany7.53 Czech Republic7.51 Belgium7.51 Norway7.50 Guatemala7.49 Portugal7.48 Seychelles7.47 Panama7.46 Sweden7.45 Slovak Republic

7.42 Japan7.42 Poland7.40 Albania7.40 El Salvador7.40 Korea, South7.39 Bulgaria7.39 Israel7.39 Mongolia7.39 Nicaragua7.38 Bahamas7.38 Rwanda7.38 Spain7.35 Kazakhstan7.35 Peru7.34 Uganda7.32 Cyprus7.32 Dominican Republic7.30 France7.30 Hungary7.27 Botswana7.27 Montenegro7.27 Oman7.25 Brunei Darussalam7.25 Malaysia7.24 Honduras7.22 Liberia7.22 Macedonia7.21 Jamaica7.20 Cambodia7.17 Italy7.16 Kyrgyz Republic7.14 Kenya7.14 Kuwait7.11 Gambia, The7.08 Uruguay7.07 Bhutan7.06 Iceland7.06 Lebanon7.04 Zambia7.02 Indonesia

7.01 Philippines7.00 Croatia6.99 Fiji6.99 Haiti6.97 Tajikistan6.95 Saudi Arabia6.93 Greece6.89 Cape Verde6.88 Mexico6.88 Paraguay6.86 Turkey6.85 Bosnia and Herzegovina6.85 Laos6.84 Tanzania6.80 Namibia6.77 Swaziland6.77 Trinidad and Tobago6.73 Slovenia6.73 Suriname6.72 Moldova6.70 Papua New Guinea6.68 Serbia6.66 Lesotho6.66 Russia6.65 Barbados6.64 South Africa6.56 Thailand6.55 Azerbaijan6.54 Madagascar6.54 Nepal6.54 Tunisia6.52 Sri Lanka6.50 India6.45 China6.45 Nigeria6.44 Yemen, Republic6.43 Colombia6.43 Vietnam

6.42 Morocco6.42 Senegal6.41 Ghana6.35 Bangladesh6.34 Belize6.34 Bolivia6.27 Brazil6.25 Cameroon6.22 Benin6.14 Timor-Leste6.08 Guinea-Bissau6.05 Burundi6.05 Egypt6.05 Niger6.02 Burkina Faso6.01 Côte d’Ivoire6.01 Pakistan6.00 Ukraine5.98 Guyana5.97 Mali5.92 Sierra Leone5.89 Togo5.81 Mozambique5.79 Malawi5.76 Ecuador5.71 Gabon5.63 Mauritania5.60 Ethiopia5.59 Syria5.49 Congo, Democratic Republic5.39 Myanmar5.28 Zimbabwe5.27 Iran5.15 Algeria5.12 Chad5.10 Guinea5.08 Angola5.01 Central African Republic4.81 Argentina4.80 Congo, Republic of4.58 Libya3.29 Venezuela

Economic Freedom and Income per Capita

Countries with no economic freedom have substantially higher per-capita incomes.

Note: GDP per capita, (PPP constant

2011 US$), 2014

Sources: Gwartney, Lawson and Hall, 2015,

Economic Freedom of the World: 2015

Annual Report; World Bank, 2016, World

Development Indicators.

GD

P p

er

cap

ita, 20

14

Least Free

ECONOMIC FREEDOM QUARTILE

Third Second Most Free

$5,471$9,217

$20,873

$41,228

45,000

36,000

27,000

18,000

9,000

0

Economic Freedom and Economic Growth

Countries with more economic freedom tend to grow more rapidly.

Note: The growth data were adjusted to

control for the initial level of income.

Sources: Gwartney, Lawson and Hall, 2015,

Economic Freedom of the World: 2015

Annual Report; World Bank, 2016, World

Development Indicators.

Least Free

4.0

3.5

3.0

2.5

2.0

1.5

1.0

0.5

0.0

ECONOMIC FREEDOM QUARTILE

Gro

wth

rate

(%

) o

f G

DP,

per

cap

ita, 19

90

-20

14

Third Second Most Free

1.52%

2.86% 2.89%

3.63%

INDEX(OUT OF 10)

COUNTRIES

Economic Freedom and the Income Earned by the Poorest 10%

The amount of income, as opposed to the share, earned by the poorest 10% of the population is much higher in countries with higher economic freedom.

Sources: Gwartney, Lawson and Hall, 2015,

Economic Freedom of the World: 2015

Annual Report; World Bank, 2016, World

Development Indicators.Least Free

ECONOMIC FREEDOM QUARTILE

An

nu

al in

co

me p

er

cap

ita

of

po

ore

st 1

0%

, 20

14

Third Second Most Free

$2,118

$4,504

$11,283

12,000

10,000

8,000

6,000

4,000

2,000

0

$1,080