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Economic freedom (EFI)

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please. In economically free societies, governments allow labor, capital, and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself.

The higher the value of the index, the greater the economic freedom in the state. Conversely, the smaller the index, the less economic freedom.

We measure economic freedom based on 12 quantitative and qualitative factors, grouped into four broad categories, or pillars, of economic freedom:

  1. Rule of Law (property rights, government integrity, judicial effectiveness)
  2. Government Size (government spending, tax burden, fiscal health)
  3. Regulatory Efficiency (business freedom, labor freedom, monetary freedom)
  4. Open Markets (trade freedom, investment freedom, financial freedom)

The Index of Economic Freedom is an annual index and ranking created in 1995 by The Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom in the world's nations.

Data source:

Instructions:

Sort states by index of economic freedom from the most economically free state to the least economically free.

Example

Sort states by index of economic freedom from the most economically free state to the least economically free.

the greatest economic freedom

  • Sweden
  • Moldova
  • Poland

the least economic freedom

Solution

Sort states by index of economic freedom from the most economically free state to the least economically free.

the greatest economic freedom

  • Sweden 75,2 EFI Economy Freedom Index
  • Poland 67,8 EFI Economy Freedom Index
  • Moldova 59,1 EFI Economy Freedom Index

the least economic freedom

Solve exercises

Economic freedom (EFI)
    Country Capital city EFI Economy Freedom Index
1. Singapore Singapore 89,4
2. New Zealand Wellington 84,4
3. Switzerland Bern 81,9
4. Australia Canberra 80,9
5. Ireland Dublin 80,5
    Country Capital city EFI Economy Freedom Index
6. United Kingdom London 78,9
7. Canada Ottawa 77,7
8. United Arab Emirates Abu Dhabi 77,6
9. Iceland Reykjavík 77,1
10. United States Washington 76,8
11. Netherlands Amsterdam 76,8
12. Denmark Copenhagen 76,7
13. Estonia Tallinn 76,6
14. Luxembourg Luxembourg 75,9
15. Georgia Tbilisi 75,9
16. Chile Santiago 75,4
17. Sweden Stockholm 75,2
18. Finland Helsinki 74,9
19. Lithuania Vilnius 74,2
20. Malaysia Kuala Lumpur 74,0
21. Czechia Prague 73,7
22. Germany Berlin 73,5
23. Norway Oslo 73,0
24. Mauritius Port Louis 73,0
25. Israel Tel Aviv 72,8
26. Qatar Doha 72,6
27. Korea, South Seoul 72,3
28. Japan Tokyo 72,1
29. Austria Vienna 72,0
30. North Macedonia Skopje 71,1
31. Rwanda Kigali 71,1
32. Latvia Riga 70,4
    Country Capital city EFI Economy Freedom Index
33. Botswana Gaborone 69,5
34. Bulgaria Sofia 69,0
35. Saint Lucia Castries 68,7
36. Malta Valletta 68,6
37. Romania Bucharest 68,6
38. Uruguay Montevideo 68,6
39. Jamaica Kingston 68,6
40. Thailand Bangkok 68,3
41. Cyprus Nicosia 68,1
42. Poland Warsaw 67,8
43. Peru Lima 67,8
44. Armenia Yerevan 67,7
45. Colombia Bogotá 67,3
46. Belgium Brussels 67,3
47. Panama Panama City 67,2
48. Albania Tirana 66,5
49. Jordan Amman 66,5
50. Bahrain Manama 66,4
51. Saint Vincent and the Grenadines Kingstown 65,8
52. Indonesia Jakarta 65,8
53. Spain Madrid 65,7
54. Slovenia Ljubljana 65,5
55. Azerbaijan Baku 65,4
56. Kazakhstan Astana 65,4
57. Costa Rica San José 65,3
58. Portugal Lisbon 65,3
59. Brunei Bandar Seri Begawan 65,1
60. Slovakia Bratislava 65,0
61. Hungary Budapest 65,0
62. Mexico Mexico City 64,7
63. Barbados Bridgetown 64,7
64. Turkey Ankara 64,6
65. Serbia Belgrade 63,9
66. France Paris 63,8
67. Philippines Manila 63,8
68. Dominica Roseau 63,6
69. Cape Verde Praia 63,1
70. Bahamas, The Nassau 62,9
71. Bhutan Thimphu 62,9
72. Morocco Rabat 62,9
73. Guatemala Guatemala City 62,6
74. Ivory Coast Yamoussoukro 62,4
75. Kyrgyzstan Bishkek 62,3
76. Italy Rome 62,2
77. Samoa Apia 62,2
78. Fiji Suva 62,2
79. Bosnia and Herzegovina Sarajevo 61,9
80. El Salvador San Salvador 61,8
81. Paraguay Asunción 61,8
82. Seychelles Victoria 61,4
83. Croatia Zagreb 61,4
84. Dominican Republic Santo Domingo 61,0
85. Oman Muscat 61,0
86. Kuwait Kuwait City 60,8
87. Saudi Arabia Riyadh 60,7
88. Montenegro Podgorica 60,5
89. Honduras Tegucigalpa 60,2
90. Tanzania Dodoma 60,2
    Country Capital city EFI Economy Freedom Index
91. Uganda Kampala 59,7
92. Burkina Faso Ouagadougou 59,4
93. Moldova Kishinev 59,1
94. Russia Moscow 58,9
95. Namibia Windhoek 58,7
96. Papua New Guinea Port Moresby 58,4
97. China Beijing 58,4
98. South Africa Pretoria 58,3
99. Mali Bamako 58,1
100. Belarus Minsk 57,9
101. Cambodia Phnom Penh 57,8
102. Nicaragua Managua 57,7
103. Greece Athens 57,7
104. Tonga Nuku'alofa 57,7
105. Ghana Accra 57,5
106. Laos Vientiane 57,4
107. Nigeria Abuja 57,3
108. Trinidad and Tobago Port of Spain 57,0
109. Guyana Georgetown 56,8
110. Madagascar Antananarivo 56,6
111. Vanuatu Port Vila 56,4
112. Sri Lanka Colombo 56,4
113. Senegal Dakar 56,3
114. Gabon Libreville 56,3
115. Guinea Conakry 55,7
116. Mauritania Nouakchott 55,7
117. Bangladesh Dhaka 55,6
118. Tajikistan Dushanbe 55,6
119. Tunisia Tunis 55,4
120. Mongolia Ulaanbaatar 55,4
121. Belize Belmopan 55,4
122. Comoros Moroni 55,4
123. Benin Porto Novo 55,3
124. Vietnam Hanoi 55,3
125. India New Delhi 55,2
126. Kenya Nairobi 55,1
127. Pakistan Islamabad 55,0
128. Eswatini Mbabane 54,7
129. Solomon Islands Honiara 54,6
130. Guinea-Bissau Bissau 54,0
131. São Tomé and Príncipe São Tomé 54,0
132. Nepal Kathmandu 53,8
133. Ethiopia Addis Ababa 53,6
134. Zambia Lusaka 53,6
135. Myanmar (Barma) Naypyidaw 53,6
136. Uzbekistan Tashkent 53,3
137. Maldives Malé 53,2
138. Lesotho Maseru 53,1
139. Haiti Port-au-Prince 52,7
140. Egypt Cairo 52,5
141. Gambia, The Banjul 52,4
142. Cameroon Yaoundé 52,4
143. Ukraine Kiev 52,3
144. Argentina Buenos Aires 52,2
145. Micronesia Palikir 51,9
146. Brazil Brasília 51,9
147. Niger Niamey 51,6
148. Afghanistan Kabul 51,5
149. Malawi Lilongwe 51,4
150. Iran Tehran 51,1
151. Lebanon Beirut 51,1
152. Angola Luanda 50,6
153. Togo Lomé 50,3
154. Congo, Democratic Republic of the Kinshasa 50,3
    Country Capital city EFI Economy Freedom Index
155. Chad N'Djamena 49,9
156. Liberia Monrovia 49,7
157. Central African Republic Bangui 49,1
158. Burundi Gitega 48,9
159. Mozambique Maputo 48,6
160. Turkmenistan Ashgabat 48,4
161. Suriname Paramaribo 48,1
162. Sudan Khartoum 47,7
163. Sierra Leone Freetown 47,5
164. Kiribati Tarawa 47,3
165. Djibouti Djibouti 47,1
166. Ecuador Quito 46,9
167. Algeria Algiers 46,2
168. East Timor Dili 44,2
169. Bolivia Sucre 42,3
170. Equatorial Guinea Malabo 41,0
171. Zimbabwe Harare 40,4
    Country Capital city EFI Economy Freedom Index
172. Congo, Republic of the Brazzaville 39,7
173. Eritrea Asmara 38,9
174. Cuba Havana 27,8
175. Venezuela Caracas 25,9
176. Korea, North Pchjongjang 5,9