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