placestats

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.

RankCountryEconomic freedom (Fraser)YearRegion
1Venezuela, RB2.952024Latin America & Caribbean
2Zimbabwe3.632024Sub-Saharan Africa
3Sudan4.172024Sub-Saharan Africa
4Libya4.32024Middle East, North Africa, Afghanistan & Pakistan
5Myanmar4.452024East Asia & Pacific
6Iran, Islamic Rep.4.522024Middle East, North Africa, Afghanistan & Pakistan
7Algeria4.552024Middle East, North Africa, Afghanistan & Pakistan
8Malawi4.762024Sub-Saharan Africa
9Egypt, Arab Rep.4.82024Middle East, North Africa, Afghanistan & Pakistan
10Congo, Dem. Rep.4.812024Sub-Saharan Africa
11Congo, Rep.4.822024Sub-Saharan Africa
12Yemen, Rep.4.842024Middle East, North Africa, Afghanistan & Pakistan
13Iraq4.862024Middle East, North Africa, Afghanistan & Pakistan
14Syrian Arab Republic4.862024Middle East, North Africa, Afghanistan & Pakistan
15Argentina4.872024Latin America & Caribbean
16Angola4.882024Sub-Saharan Africa
17Central African Republic5.022024Sub-Saharan Africa
18Chad5.152024Sub-Saharan Africa
19Burundi5.212024Sub-Saharan Africa
20Gabon5.362024Sub-Saharan Africa
21Eswatini5.422024Sub-Saharan Africa
22Bolivia5.482024Latin America & Caribbean
23Russian Federation5.52024Europe & Central Asia
24Turkiye5.592024Europe & Central Asia
25Guyana5.62024Latin America & Caribbean
26Guinea-Bissau5.612024Sub-Saharan Africa
27Cameroon5.632024Sub-Saharan Africa
28Lao PDR5.682024East Asia & Pacific
29Sierra Leone5.682024Sub-Saharan Africa
30Ethiopia5.692024Sub-Saharan Africa
31Lebanon5.692024Middle East, North Africa, Afghanistan & Pakistan
32Ukraine5.692024Europe & Central Asia
33Pakistan5.712024Middle East, North Africa, Afghanistan & Pakistan
34Burkina Faso5.732024Sub-Saharan Africa
35Comoros5.782024Sub-Saharan Africa
36Suriname5.792024Latin America & Caribbean
37Bangladesh5.822024South Asia
38Haiti5.892024Latin America & Caribbean
39Belarus5.92024Europe & Central Asia
40Ghana5.92024Sub-Saharan Africa
41Tunisia5.92024Middle East, North Africa, Afghanistan & Pakistan
42Niger5.912024Sub-Saharan Africa
43Fiji5.922024East Asia & Pacific
44Lesotho5.932024Sub-Saharan Africa
45Timor-Leste5.932024East Asia & Pacific
46Sri Lanka5.992024South Asia
47Mali5.992024Sub-Saharan Africa
48Belize62024Latin America & Caribbean
49Liberia6.062024Sub-Saharan Africa
50Togo6.062024Sub-Saharan Africa
51Papua New Guinea6.072024East Asia & Pacific
52Guinea6.092024Sub-Saharan Africa
53Azerbaijan6.112024Europe & Central Asia
54Zambia6.142024Sub-Saharan Africa
55China6.152024East Asia & Pacific
56Viet Nam6.152024East Asia & Pacific
57Madagascar6.172024Sub-Saharan Africa
58Mauritania6.182024Sub-Saharan Africa
59Cote d'Ivoire6.212024Sub-Saharan Africa
60Djibouti6.232024Middle East, North Africa, Afghanistan & Pakistan
61Mozambique6.252024Sub-Saharan Africa
62Tanzania6.272024Sub-Saharan Africa
63Nigeria6.292024Sub-Saharan Africa
64Somalia, Fed. Rep.6.342024Sub-Saharan Africa
65Namibia6.352024Sub-Saharan Africa
66Senegal6.382024Sub-Saharan Africa
67Benin6.422024Sub-Saharan Africa
68Colombia6.462024Latin America & Caribbean
69Ecuador6.462024Latin America & Caribbean
70Tajikistan6.472024Europe & Central Asia
71Bosnia and Herzegovina6.52024Europe & Central Asia
72Nicaragua6.512024Latin America & Caribbean
73Kyrgyz Republic6.562024Europe & Central Asia
74Kuwait6.572024Middle East, North Africa, Afghanistan & Pakistan
75Morocco6.572024Middle East, North Africa, Afghanistan & Pakistan
76Nepal6.62024South Asia
77India6.632024South Asia
78Oman6.632024Middle East, North Africa, Afghanistan & Pakistan
79South Africa6.642024Sub-Saharan Africa
80Brazil6.652024Latin America & Caribbean
81Kenya6.652024Sub-Saharan Africa
82Serbia6.662024Europe & Central Asia
83Moldova6.682024Europe & Central Asia
84Bhutan6.722024South Asia
85Barbados6.82024Latin America & Caribbean
86Bahamas, The6.822024Latin America & Caribbean
87Trinidad and Tobago6.822024Latin America & Caribbean
88Uganda6.822024Sub-Saharan Africa
89Mexico6.842024Latin America & Caribbean
90Rwanda6.852024Sub-Saharan Africa
91Kazakhstan6.92024Europe & Central Asia
92North Macedonia6.952024Europe & Central Asia
93Mongolia6.962024East Asia & Pacific
94Indonesia6.972024East Asia & Pacific
95Botswana6.982024Sub-Saharan Africa
96Qatar6.982024Middle East, North Africa, Afghanistan & Pakistan
97Gambia, The6.992024Sub-Saharan Africa
98Cambodia6.992024East Asia & Pacific
99Honduras7.062024Latin America & Caribbean
100Paraguay7.12024Latin America & Caribbean
101Poland7.112024Europe & Central Asia
102Croatia7.122024Europe & Central Asia
103Brunei Darussalam7.172024East Asia & Pacific
104Greece7.172024Europe & Central Asia
105Philippines7.172024East Asia & Pacific
106Saudi Arabia7.182024Middle East, North Africa, Afghanistan & Pakistan
107Uruguay7.192024Latin America & Caribbean
108El Salvador7.222024Latin America & Caribbean
109Thailand7.242024East Asia & Pacific
110Montenegro7.312024Europe & Central Asia
111Bulgaria7.322024Europe & Central Asia
112Slovenia7.322024Europe & Central Asia
113Korea, Rep.7.352024East Asia & Pacific
114Israel7.362024Middle East, North Africa, Afghanistan & Pakistan
115Romania7.362024Europe & Central Asia
116Jordan7.392024Middle East, North Africa, Afghanistan & Pakistan
117Hungary7.412024Europe & Central Asia
118Italy7.422024Europe & Central Asia
119Norway7.422024Europe & Central Asia
120United Arab Emirates7.432024Middle East, North Africa, Afghanistan & Pakistan
121Peru7.452024Latin America & Caribbean
122Jamaica7.462024Latin America & Caribbean
123Slovak Republic7.462024Europe & Central Asia
124Cabo Verde7.472024Sub-Saharan Africa
125Bahrain7.52024Middle East, North Africa, Afghanistan & Pakistan
126Dominican Republic7.52024Latin America & Caribbean
127France7.522024Europe & Central Asia
128Armenia7.532024Europe & Central Asia
129Belgium7.552024Europe & Central Asia
130Malaysia7.582024East Asia & Pacific
131Seychelles7.582024Sub-Saharan Africa
132Panama7.662024Latin America & Caribbean
133Sweden7.672024Europe & Central Asia
134Albania7.682024Europe & Central Asia
135Austria7.682024Europe & Central Asia
136Portugal7.732024Europe & Central Asia
137Latvia7.752024Europe & Central Asia
138Costa Rica7.762024Latin America & Caribbean
139Georgia7.772024Europe & Central Asia
140Guatemala7.772024Latin America & Caribbean
141Cyprus7.792024Europe & Central Asia
142Spain7.792024Europe & Central Asia
143Czechia7.822024Europe & Central Asia
144Lithuania7.832024Europe & Central Asia
145Chile7.862024Latin America & Caribbean
146Malta7.862024Middle East, North Africa, Afghanistan & Pakistan
147Germany7.892024Europe & Central Asia
148Canada7.92024North America
149Taiwan7.912024East Asia & Pacific
150Estonia7.932024Europe & Central Asia
151Luxembourg7.932024Europe & Central Asia
152Iceland7.962024Europe & Central Asia
153Japan7.962024East Asia & Pacific
154Finland7.972024Europe & Central Asia
155United Kingdom7.972024Europe & Central Asia
156Netherlands7.972024Europe & Central Asia
157Mauritius7.982024Sub-Saharan Africa
158Australia8.072024East Asia & Pacific
159Denmark8.142024Europe & Central Asia
160Ireland8.172024Europe & Central Asia
161United States8.222024North America
162New Zealand8.392024East Asia & Pacific
163Singapore8.442024East Asia & Pacific
164Switzerland8.462024Europe & Central Asia
165Hong Kong SAR, China8.542024East Asia & Pacific

More on economic freedom (Fraser)

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A ranking describes countries, not the people in them, and a high or low place does not by itself say why. All country rankings.