World Financial Economy

singapore-flag

World Financial Freedom

World Financial Condition is the basically determined by the Freedom to do Work and contribute to the Economy.

#1 Singapore

Singapore’s economic freedom score is 89.4, making it the world’s freest economy in the 2020 Index. Its overall score is unchanged from 2019, with a small improvement in the business freedom score offset by a small decline in the government integrity score. Singapore is ranked 1st among 42 countries in the Asia–Pacific region, and its overall score is well above the regional and world averages.

Free

RankCountryOverallChangerankCountryOverallChange
1Singapore89.40.04Australia82.6+1.7
2Hong Kong89.1-1.15Switzerland82.0+0.1
3New Zealand84.1-0.36Ireland80.9+0.4

Mostly Free

RankCountryOverallChangerankCountryOverallChange
7United Kingdom79.3+0.423Czech Republic74.8+1.1
8Denmark78.3+1.624Malaysia74.7+0.7
9Canada78.2+0.525South Korea74.0+1.7
10Estonia77.7+1.126Israel74.0+1.2
11Taiwan77.1-0.227Germany73.50.0
12Georgia77.1+1.228Norway73.4+0.4
13Iceland77.10.029Austria73.3+1.3
14Netherlands77.0+0.230Japan73.3+1.2
15Chile76.8+1.431Qatar72.3-0.3
16Lithuania76.7+2.532Latvia71.9+1.5
17United States76.6-0.233Rwanda70.9-0.2
18United Arab Emirates76.2-1.434Armenia70.6+2.9
19Luxembourg75.8-0.135Macau70.3-0.7
20Finland75.7+0.836Bulgaria70.2+1.2
21Mauritius74.9+1.937Cyprus70.1+2.0
22Sweden74.9-0.3

Moderately Free

RankCountryOverallChangerankCountryOverallChange
38Romania69.7+1.169The Bahamas64.5+1.6
39Kazakhstan69.6+4.270Philippines64.5+0.7
40Botswana69.6+0.171Turkey64.4-0.2
41North Macedonia69.5-1.672Seychelles64.3+2.9
42Malta69.5+0.973Guatemala64.0+1.4
43Thailand69.4+1.174Italy63.8+1.6
44Azerbaijan69.3+3.975Oman63.6+2.6
45Colombia69.2+1.976Cabo Verde63.6+0.5
46Poland69.1+1.377Fiji63.4+1.2
47Uruguay69.1+0.578Morocco63.3+0.4
48Belgium68.9+1.679Kuwait63.2+2.4
49Jamaica68.5-0.180Paraguay63.0+1.2
50Saint Lucia68.2-0.581Kyrgyz Republic62.9+0.6
51Peru67.9+0.182Bosnia and Herzegovina62.6+0.7
52Slovenia67.8+2.383Saudi Arabia62.4+1.7
53Kosovo67.4+0.484Croatia62.2+0.8
54Indonesia67.2+1.485Bhutan62.1-0.8
55Panama67.20.086Samoa62.1-0.1
56Portugal67.0+1.787Moldova62.0+2.9
57Albania66.9+0.488Belarus61.7+3.8
58Spain66.9+1.289Tanzania61.7+1.5
59Saint Vincent and the Grenadines66.8+1.090El Salvador61.6-0.2
60Slovakia66.8+1.891Montenegro61.5+1.0
61Brunei Darussalam66.6+1.592Barbados61.4-3.3
62Hungary66.4+1.493Honduras61.1+0.9
63Bahrain66.3-0.194Russia61.0+2.1
64France66.0+2.295Dominican Republic60.9-0.1
65Serbia66.0+2.196Namibia60.9+2.2
66Jordan66.0-0.597Dominica60.8-2.8
67Mexico66.0+1.398Vanuatu60.7+4.3
68Costa Rica65.8+0.599Madagascar60.5+3.9

Mostly Unfree

RankCountryOverallChangerankCountryOverallChange
100Greece59.9+2.2131Eswatini55.3+0.6
101Côte d’Ivoire59.7-2.7132Kenya55.3+0.2
102Uganda59.5-0.2133Benin55.2-0.1
103China59.5+1.1134Ukraine54.9+2.6
104Ghana59.4+1.9135Pakistan54.8-0.2
105Vietnam58.8+3.5136Afghanistan54.7+3.2
106South Africa58.8+0.5137Niger54.7+3.1
107Tonga58.8+1.1138Lesotho54.5+1.4
108Papua New Guinea58.40.0139Nepal54.2+0.4
109Trinidad and Tobago58.3+1.3140Togo54.1+3.8
110Senegal58.0+1.7141Burma54.0+0.4
111Belize57.4+2.0142Egypt54.0+1.5
112Sri Lanka57.4+1.0143Comoros53.7-1.7
113Cambodia57.3-0.5144Brazil53.7+1.8
114Uzbekistan57.2+3.9145Cameroon53.6+1.2
115Nicaragua57.2-0.5146Ethiopia53.60.0
116Nigeria57.2-0.1147Zambia53.5-0.1
117Burkina Faso56.7-2.7148Guinea-Bissau53.3-0.7
118Gabon56.7+0.4149Argentina53.1+0.9
119Maldives56.5+3.3150Solomon Islands52.9-1.7
120India56.5+1.3151Djibouti52.9+5.8
121Guinea56.5+0.8152Malawi52.8+1.4
122Bangladesh56.4+0.8153Haiti52.3-0.4
123The Gambia56.3+3.9154Angola52.2+1.6
124Guyana56.2-0.6155Tajikistan52.2-3.4
125São Tomé and Príncipe56.2+2.2156Micronesia52.0+0.1
126Mali55.9-2.2157Lebanon51.7+0.6
127Mongolia55.9+0.5158Ecuador51.3+4.4
128Tunisia55.8+0.4159Central African Republic50.7+1.6
129Laos55.5-1.9160Mozambique50.5+1.9
130Mauritania55.3-0.4161Chad50.2+0.3

Repressed

RankCountryOverallChangerankCountryOverallChange
162Democratic Republic of Congo49.5-0.8172Kiribati45.2-2.1
163Suriname49.5+1.4173Sudan45.0-2.7
164Iran49.2-1.9174Zimbabwe43.1+2.7
165Liberia49.0-0.7175Bolivia42.8+0.5
166Burundi49.0+0.1176Republic of Congo41.8+2.1
167Equatorial Guinea48.3+7.3177Eritrea38.5-0.4
168Sierra Leone48.0+0.5178Cuba26.9-0.9
169Algeria46.9+0.7179Venezuela25.2-0.7
170Turkmenistan46.5-1.9180North Korea4.2-1.7
171Timor-Leste45.9+1.7

Not Ranked

RankCountryOverallChangerankCountryOverallChange
N/AIraqN/AN/AN/ASomaliaN/AN/A
N/ALibyaN/AN/AN/ASyriaN/AN/A
N/ALiechtensteinN/AN/AN/AYemenN/AN/A

Source:https://www.heritage.org/index/ranking

RSS Latest Press Release

  • The Mold Girl Ramps Up Annual Air Quality Testing Following High Demand
    Daniel Island, SC – Entrepreneur Elizabeth Keefer, aka The Mold Girl, is stepping up to meet demand from worried residents concerned about their homes being afflicted with significant health hazards.   Keefer, a well-respected council-certified indoor environmental professional, is now offering annual air quality testing for homeowners worried their homes could have mold, allergens, or other […]
  • Wendy's and Google Cloud partner to enhance the Wendy's restaurant experience
    Wendy's®  and Google Cloud today announced a partnership to enhance Wendy's restaurant experience and unlock new customer, restaurant, and employee experiences through data-driven insights.Wendy's intends to leverage Google Cloud's data analytics, artificial intelligence (AI), machine learning (ML), and hybrid cloud tools to create new ways customers can order food in the drive-thru, on their mobile […]
  • Unique Custom Marine Vault Launches New Storage Boating Facility
    Pompano Beach, FL: A new 25,000 sqft boat storage warehouse has opened to offer the best complete boat care service in Florida’s Pompano Beach.   Owned and operated by Unique Custom Marine Vault, the unit is a safe and secure marine facility with an in-house mechanic and boat transporters.    “If you are looking for a […]
  • Dreamstime launches the "Cover of the Year 2021 in Romania" contest with prizes totaling 7,500 Euros.
    Dreamstime, the world’s largest stock photo community, together with Cărturești and PressOne, announces the launch of the "Cover of the Year 2021 in Romania" contest for book cover illustrations. Publishers or graphic artists who have published books with original covers throughout 2020 and 2021 are invited to participate. Participants can submit covers using stock media […]