Countries With the Lowest Economic Freedom (Fraser)
Every country with a figure for economic freedom (Fraser), ranked from lowest to highest. The top three are Venezuela, RB (2.95), Zimbabwe (3.63) and Sudan (4.17). The middle country of the 165 has 6.68.
What this measures
Economic freedom, summary rating (Fraser Institute), in rating (0-10). Source: Fraser Institute. For this measure, no agreed better direction.
How far a country's laws and policies leave economic choices to people and markets rather than to the government, from 0 to 10, as the Fraser Institute measures it. It is the average of five areas: the size of government, the legal system and property rights, sound money (stable prices), freedom to trade with other countries, and regulation. It comes from a think tank that favours free markets, and a smaller government scores as freer, so no "better" direction is set: how big a government should be is a political question. This series is Fraser's panel version, built to compare years: every five years from 1970, then every year from 2000.
The full ranking
Each country’s latest figure, from 2024–2024. The year beside each value says when it was measured.
| Rank | Country | Economic freedom (Fraser) | Year | Region |
|---|---|---|---|---|
| 1 | Venezuela, RB | 2.95 | 2024 | Latin America & Caribbean |
| 2 | Zimbabwe | 3.63 | 2024 | Sub-Saharan Africa |
| 3 | Sudan | 4.17 | 2024 | Sub-Saharan Africa |
| 4 | Libya | 4.3 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 5 | Myanmar | 4.45 | 2024 | East Asia & Pacific |
| 6 | Iran, Islamic Rep. | 4.52 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 7 | Algeria | 4.55 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 8 | Malawi | 4.76 | 2024 | Sub-Saharan Africa |
| 9 | Egypt, Arab Rep. | 4.8 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 10 | Congo, Dem. Rep. | 4.81 | 2024 | Sub-Saharan Africa |
| 11 | Congo, Rep. | 4.82 | 2024 | Sub-Saharan Africa |
| 12 | Yemen, Rep. | 4.84 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 13 | Iraq | 4.86 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 14 | Syrian Arab Republic | 4.86 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 15 | Argentina | 4.87 | 2024 | Latin America & Caribbean |
| 16 | Angola | 4.88 | 2024 | Sub-Saharan Africa |
| 17 | Central African Republic | 5.02 | 2024 | Sub-Saharan Africa |
| 18 | Chad | 5.15 | 2024 | Sub-Saharan Africa |
| 19 | Burundi | 5.21 | 2024 | Sub-Saharan Africa |
| 20 | Gabon | 5.36 | 2024 | Sub-Saharan Africa |
| 21 | Eswatini | 5.42 | 2024 | Sub-Saharan Africa |
| 22 | Bolivia | 5.48 | 2024 | Latin America & Caribbean |
| 23 | Russian Federation | 5.5 | 2024 | Europe & Central Asia |
| 24 | Turkiye | 5.59 | 2024 | Europe & Central Asia |
| 25 | Guyana | 5.6 | 2024 | Latin America & Caribbean |
| 26 | Guinea-Bissau | 5.61 | 2024 | Sub-Saharan Africa |
| 27 | Cameroon | 5.63 | 2024 | Sub-Saharan Africa |
| 28 | Lao PDR | 5.68 | 2024 | East Asia & Pacific |
| 29 | Sierra Leone | 5.68 | 2024 | Sub-Saharan Africa |
| 30 | Ethiopia | 5.69 | 2024 | Sub-Saharan Africa |
| 31 | Lebanon | 5.69 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 32 | Ukraine | 5.69 | 2024 | Europe & Central Asia |
| 33 | Pakistan | 5.71 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 34 | Burkina Faso | 5.73 | 2024 | Sub-Saharan Africa |
| 35 | Comoros | 5.78 | 2024 | Sub-Saharan Africa |
| 36 | Suriname | 5.79 | 2024 | Latin America & Caribbean |
| 37 | Bangladesh | 5.82 | 2024 | South Asia |
| 38 | Haiti | 5.89 | 2024 | Latin America & Caribbean |
| 39 | Belarus | 5.9 | 2024 | Europe & Central Asia |
| 40 | Ghana | 5.9 | 2024 | Sub-Saharan Africa |
| 41 | Tunisia | 5.9 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 42 | Niger | 5.91 | 2024 | Sub-Saharan Africa |
| 43 | Fiji | 5.92 | 2024 | East Asia & Pacific |
| 44 | Lesotho | 5.93 | 2024 | Sub-Saharan Africa |
| 45 | Timor-Leste | 5.93 | 2024 | East Asia & Pacific |
| 46 | Sri Lanka | 5.99 | 2024 | South Asia |
| 47 | Mali | 5.99 | 2024 | Sub-Saharan Africa |
| 48 | Belize | 6 | 2024 | Latin America & Caribbean |
| 49 | Liberia | 6.06 | 2024 | Sub-Saharan Africa |
| 50 | Togo | 6.06 | 2024 | Sub-Saharan Africa |
| 51 | Papua New Guinea | 6.07 | 2024 | East Asia & Pacific |
| 52 | Guinea | 6.09 | 2024 | Sub-Saharan Africa |
| 53 | Azerbaijan | 6.11 | 2024 | Europe & Central Asia |
| 54 | Zambia | 6.14 | 2024 | Sub-Saharan Africa |
| 55 | China | 6.15 | 2024 | East Asia & Pacific |
| 56 | Viet Nam | 6.15 | 2024 | East Asia & Pacific |
| 57 | Madagascar | 6.17 | 2024 | Sub-Saharan Africa |
| 58 | Mauritania | 6.18 | 2024 | Sub-Saharan Africa |
| 59 | Cote d'Ivoire | 6.21 | 2024 | Sub-Saharan Africa |
| 60 | Djibouti | 6.23 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 61 | Mozambique | 6.25 | 2024 | Sub-Saharan Africa |
| 62 | Tanzania | 6.27 | 2024 | Sub-Saharan Africa |
| 63 | Nigeria | 6.29 | 2024 | Sub-Saharan Africa |
| 64 | Somalia, Fed. Rep. | 6.34 | 2024 | Sub-Saharan Africa |
| 65 | Namibia | 6.35 | 2024 | Sub-Saharan Africa |
| 66 | Senegal | 6.38 | 2024 | Sub-Saharan Africa |
| 67 | Benin | 6.42 | 2024 | Sub-Saharan Africa |
| 68 | Colombia | 6.46 | 2024 | Latin America & Caribbean |
| 69 | Ecuador | 6.46 | 2024 | Latin America & Caribbean |
| 70 | Tajikistan | 6.47 | 2024 | Europe & Central Asia |
| 71 | Bosnia and Herzegovina | 6.5 | 2024 | Europe & Central Asia |
| 72 | Nicaragua | 6.51 | 2024 | Latin America & Caribbean |
| 73 | Kyrgyz Republic | 6.56 | 2024 | Europe & Central Asia |
| 74 | Kuwait | 6.57 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 75 | Morocco | 6.57 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 76 | Nepal | 6.6 | 2024 | South Asia |
| 77 | India | 6.63 | 2024 | South Asia |
| 78 | Oman | 6.63 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 79 | South Africa | 6.64 | 2024 | Sub-Saharan Africa |
| 80 | Brazil | 6.65 | 2024 | Latin America & Caribbean |
| 81 | Kenya | 6.65 | 2024 | Sub-Saharan Africa |
| 82 | Serbia | 6.66 | 2024 | Europe & Central Asia |
| 83 | Moldova | 6.68 | 2024 | Europe & Central Asia |
| 84 | Bhutan | 6.72 | 2024 | South Asia |
| 85 | Barbados | 6.8 | 2024 | Latin America & Caribbean |
| 86 | Bahamas, The | 6.82 | 2024 | Latin America & Caribbean |
| 87 | Trinidad and Tobago | 6.82 | 2024 | Latin America & Caribbean |
| 88 | Uganda | 6.82 | 2024 | Sub-Saharan Africa |
| 89 | Mexico | 6.84 | 2024 | Latin America & Caribbean |
| 90 | Rwanda | 6.85 | 2024 | Sub-Saharan Africa |
| 91 | Kazakhstan | 6.9 | 2024 | Europe & Central Asia |
| 92 | North Macedonia | 6.95 | 2024 | Europe & Central Asia |
| 93 | Mongolia | 6.96 | 2024 | East Asia & Pacific |
| 94 | Indonesia | 6.97 | 2024 | East Asia & Pacific |
| 95 | Botswana | 6.98 | 2024 | Sub-Saharan Africa |
| 96 | Qatar | 6.98 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 97 | Gambia, The | 6.99 | 2024 | Sub-Saharan Africa |
| 98 | Cambodia | 6.99 | 2024 | East Asia & Pacific |
| 99 | Honduras | 7.06 | 2024 | Latin America & Caribbean |
| 100 | Paraguay | 7.1 | 2024 | Latin America & Caribbean |
| 101 | Poland | 7.11 | 2024 | Europe & Central Asia |
| 102 | Croatia | 7.12 | 2024 | Europe & Central Asia |
| 103 | Brunei Darussalam | 7.17 | 2024 | East Asia & Pacific |
| 104 | Greece | 7.17 | 2024 | Europe & Central Asia |
| 105 | Philippines | 7.17 | 2024 | East Asia & Pacific |
| 106 | Saudi Arabia | 7.18 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 107 | Uruguay | 7.19 | 2024 | Latin America & Caribbean |
| 108 | El Salvador | 7.22 | 2024 | Latin America & Caribbean |
| 109 | Thailand | 7.24 | 2024 | East Asia & Pacific |
| 110 | Montenegro | 7.31 | 2024 | Europe & Central Asia |
| 111 | Bulgaria | 7.32 | 2024 | Europe & Central Asia |
| 112 | Slovenia | 7.32 | 2024 | Europe & Central Asia |
| 113 | Korea, Rep. | 7.35 | 2024 | East Asia & Pacific |
| 114 | Israel | 7.36 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 115 | Romania | 7.36 | 2024 | Europe & Central Asia |
| 116 | Jordan | 7.39 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 117 | Hungary | 7.41 | 2024 | Europe & Central Asia |
| 118 | Italy | 7.42 | 2024 | Europe & Central Asia |
| 119 | Norway | 7.42 | 2024 | Europe & Central Asia |
| 120 | United Arab Emirates | 7.43 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 121 | Peru | 7.45 | 2024 | Latin America & Caribbean |
| 122 | Jamaica | 7.46 | 2024 | Latin America & Caribbean |
| 123 | Slovak Republic | 7.46 | 2024 | Europe & Central Asia |
| 124 | Cabo Verde | 7.47 | 2024 | Sub-Saharan Africa |
| 125 | Bahrain | 7.5 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 126 | Dominican Republic | 7.5 | 2024 | Latin America & Caribbean |
| 127 | France | 7.52 | 2024 | Europe & Central Asia |
| 128 | Armenia | 7.53 | 2024 | Europe & Central Asia |
| 129 | Belgium | 7.55 | 2024 | Europe & Central Asia |
| 130 | Malaysia | 7.58 | 2024 | East Asia & Pacific |
| 131 | Seychelles | 7.58 | 2024 | Sub-Saharan Africa |
| 132 | Panama | 7.66 | 2024 | Latin America & Caribbean |
| 133 | Sweden | 7.67 | 2024 | Europe & Central Asia |
| 134 | Albania | 7.68 | 2024 | Europe & Central Asia |
| 135 | Austria | 7.68 | 2024 | Europe & Central Asia |
| 136 | Portugal | 7.73 | 2024 | Europe & Central Asia |
| 137 | Latvia | 7.75 | 2024 | Europe & Central Asia |
| 138 | Costa Rica | 7.76 | 2024 | Latin America & Caribbean |
| 139 | Georgia | 7.77 | 2024 | Europe & Central Asia |
| 140 | Guatemala | 7.77 | 2024 | Latin America & Caribbean |
| 141 | Cyprus | 7.79 | 2024 | Europe & Central Asia |
| 142 | Spain | 7.79 | 2024 | Europe & Central Asia |
| 143 | Czechia | 7.82 | 2024 | Europe & Central Asia |
| 144 | Lithuania | 7.83 | 2024 | Europe & Central Asia |
| 145 | Chile | 7.86 | 2024 | Latin America & Caribbean |
| 146 | Malta | 7.86 | 2024 | Middle East, North Africa, Afghanistan & Pakistan |
| 147 | Germany | 7.89 | 2024 | Europe & Central Asia |
| 148 | Canada | 7.9 | 2024 | North America |
| 149 | Taiwan | 7.91 | 2024 | East Asia & Pacific |
| 150 | Estonia | 7.93 | 2024 | Europe & Central Asia |
| 151 | Luxembourg | 7.93 | 2024 | Europe & Central Asia |
| 152 | Iceland | 7.96 | 2024 | Europe & Central Asia |
| 153 | Japan | 7.96 | 2024 | East Asia & Pacific |
| 154 | Finland | 7.97 | 2024 | Europe & Central Asia |
| 155 | United Kingdom | 7.97 | 2024 | Europe & Central Asia |
| 156 | Netherlands | 7.97 | 2024 | Europe & Central Asia |
| 157 | Mauritius | 7.98 | 2024 | Sub-Saharan Africa |
| 158 | Australia | 8.07 | 2024 | East Asia & Pacific |
| 159 | Denmark | 8.14 | 2024 | Europe & Central Asia |
| 160 | Ireland | 8.17 | 2024 | Europe & Central Asia |
| 161 | United States | 8.22 | 2024 | North America |
| 162 | New Zealand | 8.39 | 2024 | East Asia & Pacific |
| 163 | Singapore | 8.44 | 2024 | East Asia & Pacific |
| 164 | Switzerland | 8.46 | 2024 | Europe & Central Asia |
| 165 | Hong Kong SAR, China | 8.54 | 2024 | East Asia & Pacific |
More on economic freedom (Fraser)
- Countries With the Highest Economic Freedom (Fraser)
- Economic freedom (Fraser) by country: trend over time and what it goes with
Related rankings
- Countries With the Lowest Small Government (Fraser)
- Countries With the Lowest Sound Money (Fraser)
- Countries With the Lowest Freedom to Trade (Fraser)
- Countries With the Lowest Light Regulation (Fraser)
- Countries With the Lowest Public Social Spending
- Countries With the Lowest Family Benefits Spending
- Countries With the Lowest Old-age Spending
- Countries With the Lowest 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.