Countries With the Highest Sound Money (Fraser)
Every country with a figure for sound money (Fraser), ranked from highest to lowest. The top three are Switzerland (9.67), Finland (9.62) and Jordan (9.6). The middle country of the 165 has 8.1.
What this measures
Economic freedom, area 3, sound money (Fraser Institute), in rating (0-10). Source: Fraser Institute. For this measure, higher is better.
Whether money keeps its value: low and steady inflation, money supply growing in step with the economy, and freedom to hold foreign currency. A country with high inflation scores low. It is built from inflation figures, so it is close to the inflation measure by construction.
The full ranking
Each country’s latest figure, from 2024–2024. The year beside each value says when it was measured.
| Rank | Country | Sound money (Fraser) | Year | Region |
|---|---|---|---|---|
| 1 | Switzerland | 9.67 | 2024 | Europe & Central Asia |
| 2 | Finland | 9.62 | 2024 | Europe & Central Asia |
| 3 | Jordan | 9.6 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 4 | Djibouti | 9.59 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 5 | Seychelles | 9.57 | 2024 | Sub-Saharan Africa |
| 6 | Italy | 9.54 | 2024 | Europe & Central Asia |
| 7 | Cabo Verde | 9.53 | 2024 | Sub-Saharan Africa |
| 8 | Hong Kong SAR, China | 9.51 | 2024 | East Asia & Pacific |
| 9 | Thailand | 9.5 | 2024 | East Asia & Pacific |
| 10 | El Salvador | 9.5 | 2024 | Latin America & Caribbean |
| 11 | Luxembourg | 9.49 | 2024 | Europe & Central Asia |
| 12 | Cyprus | 9.48 | 2024 | Europe & Central Asia |
| 13 | Costa Rica | 9.47 | 2024 | Latin America & Caribbean |
| 14 | Malta | 9.45 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 15 | Japan | 9.45 | 2024 | East Asia & Pacific |
| 16 | Taiwan | 9.43 | 2024 | East Asia & Pacific |
| 17 | France | 9.41 | 2024 | Europe & Central Asia |
| 18 | Malaysia | 9.41 | 2024 | East Asia & Pacific |
| 19 | Korea, Rep. | 9.4 | 2024 | East Asia & Pacific |
| 20 | New Zealand | 9.38 | 2024 | East Asia & Pacific |
| 21 | Germany | 9.38 | 2024 | Europe & Central Asia |
| 22 | Panama | 9.37 | 2024 | Latin America & Caribbean |
| 23 | Spain | 9.36 | 2024 | Europe & Central Asia |
| 24 | Philippines | 9.35 | 2024 | East Asia & Pacific |
| 25 | Somalia, Fed. Rep. | 9.34 | 2024 | Sub-Saharan Africa |
| 26 | Sweden | 9.34 | 2024 | Europe & Central Asia |
| 27 | Belgium | 9.32 | 2024 | Europe & Central Asia |
| 28 | Denmark | 9.32 | 2024 | Europe & Central Asia |
| 29 | Netherlands | 9.31 | 2024 | Europe & Central Asia |
| 30 | Cambodia | 9.31 | 2024 | East Asia & Pacific |
| 31 | Ireland | 9.3 | 2024 | Europe & Central Asia |
| 32 | Uganda | 9.3 | 2024 | Sub-Saharan Africa |
| 33 | Portugal | 9.3 | 2024 | Europe & Central Asia |
| 34 | Albania | 9.26 | 2024 | Europe & Central Asia |
| 35 | Slovenia | 9.25 | 2024 | Europe & Central Asia |
| 36 | Armenia | 9.23 | 2024 | Europe & Central Asia |
| 37 | Guatemala | 9.22 | 2024 | Latin America & Caribbean |
| 38 | Slovak Republic | 9.22 | 2024 | Europe & Central Asia |
| 39 | United Kingdom | 9.21 | 2024 | Europe & Central Asia |
| 40 | Bahrain | 9.2 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 41 | Czechia | 9.2 | 2024 | Europe & Central Asia |
| 42 | Kenya | 9.2 | 2024 | Sub-Saharan Africa |
| 43 | United States | 9.19 | 2024 | North America |
| 44 | Chile | 9.19 | 2024 | Latin America & Caribbean |
| 45 | Australia | 9.18 | 2024 | East Asia & Pacific |
| 46 | Indonesia | 9.15 | 2024 | East Asia & Pacific |
| 47 | Israel | 9.1 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 48 | Georgia | 9.09 | 2024 | Europe & Central Asia |
| 49 | Greece | 9.09 | 2024 | Europe & Central Asia |
| 50 | Peru | 9.07 | 2024 | Latin America & Caribbean |
| 51 | Mauritius | 9.07 | 2024 | Sub-Saharan Africa |
| 52 | Latvia | 9.06 | 2024 | Europe & Central Asia |
| 53 | Canada | 9.03 | 2024 | North America |
| 54 | Dominican Republic | 9.01 | 2024 | Latin America & Caribbean |
| 55 | Botswana | 8.98 | 2024 | Sub-Saharan Africa |
| 56 | Paraguay | 8.97 | 2024 | Latin America & Caribbean |
| 57 | Bulgaria | 8.94 | 2024 | Europe & Central Asia |
| 58 | Austria | 8.92 | 2024 | Europe & Central Asia |
| 59 | Iceland | 8.89 | 2024 | Europe & Central Asia |
| 60 | Bolivia | 8.89 | 2024 | Latin America & Caribbean |
| 61 | Honduras | 8.83 | 2024 | Latin America & Caribbean |
| 62 | Nicaragua | 8.79 | 2024 | Latin America & Caribbean |
| 63 | Singapore | 8.76 | 2024 | East Asia & Pacific |
| 64 | Hungary | 8.74 | 2024 | Europe & Central Asia |
| 65 | Lithuania | 8.74 | 2024 | Europe & Central Asia |
| 66 | Croatia | 8.72 | 2024 | Europe & Central Asia |
| 67 | Montenegro | 8.71 | 2024 | Europe & Central Asia |
| 68 | Romania | 8.66 | 2024 | Europe & Central Asia |
| 69 | Tajikistan | 8.64 | 2024 | Europe & Central Asia |
| 70 | Uruguay | 8.63 | 2024 | Latin America & Caribbean |
| 71 | Estonia | 8.61 | 2024 | Europe & Central Asia |
| 72 | Brazil | 8.6 | 2024 | Latin America & Caribbean |
| 73 | Rwanda | 8.57 | 2024 | Sub-Saharan Africa |
| 74 | Oman | 8.57 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 75 | Trinidad and Tobago | 8.52 | 2024 | Latin America & Caribbean |
| 76 | United Arab Emirates | 8.48 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 77 | Jamaica | 8.46 | 2024 | Latin America & Caribbean |
| 78 | China | 8.33 | 2024 | East Asia & Pacific |
| 79 | Saudi Arabia | 8.33 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 80 | Brunei Darussalam | 8.26 | 2024 | East Asia & Pacific |
| 81 | Belarus | 8.18 | 2024 | Europe & Central Asia |
| 82 | Liberia | 8.17 | 2024 | Sub-Saharan Africa |
| 83 | Mongolia | 8.1 | 2024 | East Asia & Pacific |
| 84 | Gambia, The | 8.07 | 2024 | Sub-Saharan Africa |
| 85 | Qatar | 8.05 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 86 | Barbados | 8.03 | 2024 | Latin America & Caribbean |
| 87 | Tanzania | 8.02 | 2024 | Sub-Saharan Africa |
| 88 | Mauritania | 8 | 2024 | Sub-Saharan Africa |
| 89 | North Macedonia | 7.9 | 2024 | Europe & Central Asia |
| 90 | Ecuador | 7.89 | 2024 | Latin America & Caribbean |
| 91 | Kazakhstan | 7.87 | 2024 | Europe & Central Asia |
| 92 | Eswatini | 7.86 | 2024 | Sub-Saharan Africa |
| 93 | South Africa | 7.85 | 2024 | Sub-Saharan Africa |
| 94 | Norway | 7.83 | 2024 | Europe & Central Asia |
| 95 | Kuwait | 7.79 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 96 | India | 7.77 | 2024 | South Asia |
| 97 | Mozambique | 7.76 | 2024 | Sub-Saharan Africa |
| 98 | Poland | 7.71 | 2024 | Europe & Central Asia |
| 99 | Mexico | 7.66 | 2024 | Latin America & Caribbean |
| 100 | Kyrgyz Republic | 7.61 | 2024 | Europe & Central Asia |
| 101 | Nepal | 7.58 | 2024 | South Asia |
| 102 | Lesotho | 7.55 | 2024 | Sub-Saharan Africa |
| 103 | Tunisia | 7.42 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 104 | Madagascar | 7.41 | 2024 | Sub-Saharan Africa |
| 105 | Serbia | 7.35 | 2024 | Europe & Central Asia |
| 106 | Azerbaijan | 7.31 | 2024 | Europe & Central Asia |
| 107 | Moldova | 7.14 | 2024 | Europe & Central Asia |
| 108 | Guinea | 7.1 | 2024 | Sub-Saharan Africa |
| 109 | Libya | 7.1 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 110 | Colombia | 7.01 | 2024 | Latin America & Caribbean |
| 111 | Benin | 6.99 | 2024 | Sub-Saharan Africa |
| 112 | Mali | 6.89 | 2024 | Sub-Saharan Africa |
| 113 | Algeria | 6.82 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 114 | Morocco | 6.81 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 115 | Viet Nam | 6.8 | 2024 | East Asia & Pacific |
| 116 | Togo | 6.76 | 2024 | Sub-Saharan Africa |
| 117 | Cote d'Ivoire | 6.75 | 2024 | Sub-Saharan Africa |
| 118 | Senegal | 6.74 | 2024 | Sub-Saharan Africa |
| 119 | Zambia | 6.7 | 2024 | Sub-Saharan Africa |
| 120 | Bhutan | 6.69 | 2024 | South Asia |
| 121 | Bosnia and Herzegovina | 6.65 | 2024 | Europe & Central Asia |
| 122 | Timor-Leste | 6.64 | 2024 | East Asia & Pacific |
| 123 | Bahamas, The | 6.61 | 2024 | Latin America & Caribbean |
| 124 | Namibia | 6.58 | 2024 | Sub-Saharan Africa |
| 125 | Papua New Guinea | 6.58 | 2024 | East Asia & Pacific |
| 126 | Central African Republic | 6.57 | 2024 | Sub-Saharan Africa |
| 127 | Guinea-Bissau | 6.55 | 2024 | Sub-Saharan Africa |
| 128 | Fiji | 6.54 | 2024 | East Asia & Pacific |
| 129 | Burkina Faso | 6.52 | 2024 | Sub-Saharan Africa |
| 130 | Cameroon | 6.47 | 2024 | Sub-Saharan Africa |
| 131 | Guyana | 6.43 | 2024 | Latin America & Caribbean |
| 132 | Comoros | 6.39 | 2024 | Sub-Saharan Africa |
| 133 | Belize | 6.36 | 2024 | Latin America & Caribbean |
| 134 | Burundi | 6.35 | 2024 | Sub-Saharan Africa |
| 135 | Nigeria | 6.22 | 2024 | Sub-Saharan Africa |
| 136 | Bangladesh | 6.22 | 2024 | South Asia |
| 137 | Niger | 6.2 | 2024 | Sub-Saharan Africa |
| 138 | Ukraine | 6.04 | 2024 | Europe & Central Asia |
| 139 | Congo, Dem. Rep. | 5.95 | 2024 | Sub-Saharan Africa |
| 140 | Gabon | 5.91 | 2024 | Sub-Saharan Africa |
| 141 | Iraq | 5.83 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 142 | Yemen, Rep. | 5.83 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 143 | Egypt, Arab Rep. | 5.33 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 144 | Russian Federation | 5.15 | 2024 | Europe & Central Asia |
| 145 | Ethiopia | 5.12 | 2024 | Sub-Saharan Africa |
| 146 | Pakistan | 5.05 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 147 | Iran, Islamic Rep. | 5.04 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 148 | Congo, Rep. | 5.02 | 2024 | Sub-Saharan Africa |
| 149 | Haiti | 4.99 | 2024 | Latin America & Caribbean |
| 150 | Chad | 4.94 | 2024 | Sub-Saharan Africa |
| 151 | Sri Lanka | 4.92 | 2024 | South Asia |
| 152 | Syrian Arab Republic | 4.71 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 153 | Suriname | 4.68 | 2024 | Latin America & Caribbean |
| 154 | Lao PDR | 4.51 | 2024 | East Asia & Pacific |
| 155 | Lebanon | 3.95 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 156 | Myanmar | 3.91 | 2024 | East Asia & Pacific |
| 157 | Sierra Leone | 3.8 | 2024 | Sub-Saharan Africa |
| 158 | Malawi | 3.78 | 2024 | Sub-Saharan Africa |
| 159 | Angola | 3.53 | 2024 | Sub-Saharan Africa |
| 160 | Ghana | 2.92 | 2024 | Sub-Saharan Africa |
| 161 | Turkiye | 2.69 | 2024 | Europe & Central Asia |
| 162 | Zimbabwe | 1.94 | 2024 | Sub-Saharan Africa |
| 163 | Argentina | 1.26 | 2024 | Latin America & Caribbean |
| 164 | Sudan | 1.26 | 2024 | Sub-Saharan Africa |
| 165 | Venezuela, RB | 0.01 | 2024 | Latin America & Caribbean |
More on sound money (Fraser)
- Countries With the Lowest Sound Money (Fraser)
- Sound money (Fraser) by country: trend over time and what it goes with
Related rankings
- Countries With the Highest Economic Freedom (Fraser)
- Countries With the Highest Small Government (Fraser)
- Countries With the Highest Freedom to Trade (Fraser)
- Countries With the Highest Light Regulation (Fraser)
- Countries With the Highest Public Social Spending
- Countries With the Highest Family Benefits Spending
- Countries With the Highest Old-age Spending
- Countries With the Highest Aid Given
A ranking describes countries, not the people in them, and a high or low place does not by itself say why. All country rankings.