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
Rank |
Country |
Overall |
Change |
|
rank |
Country |
Overall |
Change |
1 |
Singapore |
89.4 |
0.0 |
|
4 |
Australia |
82.6 |
+1.7 |
2 |
Hong Kong |
89.1 |
-1.1 |
|
5 |
Switzerland |
82.0 |
+0.1 |
3 |
New Zealand |
84.1 |
-0.3 |
|
6 |
Ireland |
80.9 |
+0.4 |
Mostly Free
Rank |
Country |
Overall |
Change |
|
rank |
Country |
Overall |
Change |
7 |
United Kingdom |
79.3 |
+0.4 |
|
23 |
Czech Republic |
74.8 |
+1.1 |
8 |
Denmark |
78.3 |
+1.6 |
|
24 |
Malaysia |
74.7 |
+0.7 |
9 |
Canada |
78.2 |
+0.5 |
|
25 |
South Korea |
74.0 |
+1.7 |
10 |
Estonia |
77.7 |
+1.1 |
|
26 |
Israel |
74.0 |
+1.2 |
11 |
Taiwan |
77.1 |
-0.2 |
|
27 |
Germany |
73.5 |
0.0 |
12 |
Georgia |
77.1 |
+1.2 |
|
28 |
Norway |
73.4 |
+0.4 |
13 |
Iceland |
77.1 |
0.0 |
|
29 |
Austria |
73.3 |
+1.3 |
14 |
Netherlands |
77.0 |
+0.2 |
|
30 |
Japan |
73.3 |
+1.2 |
15 |
Chile |
76.8 |
+1.4 |
|
31 |
Qatar |
72.3 |
-0.3 |
16 |
Lithuania |
76.7 |
+2.5 |
|
32 |
Latvia |
71.9 |
+1.5 |
17 |
United States |
76.6 |
-0.2 |
|
33 |
Rwanda |
70.9 |
-0.2 |
18 |
United Arab Emirates |
76.2 |
-1.4 |
|
34 |
Armenia |
70.6 |
+2.9 |
19 |
Luxembourg |
75.8 |
-0.1 |
|
35 |
Macau |
70.3 |
-0.7 |
20 |
Finland |
75.7 |
+0.8 |
|
36 |
Bulgaria |
70.2 |
+1.2 |
21 |
Mauritius |
74.9 |
+1.9 |
|
37 |
Cyprus |
70.1 |
+2.0 |
22 |
Sweden |
74.9 |
-0.3 |
|
|
|
|
|
Moderately Free
Rank |
Country |
Overall |
Change |
|
rank |
Country |
Overall |
Change |
38 |
Romania |
69.7 |
+1.1 |
|
69 |
The Bahamas |
64.5 |
+1.6 |
39 |
Kazakhstan |
69.6 |
+4.2 |
|
70 |
Philippines |
64.5 |
+0.7 |
40 |
Botswana |
69.6 |
+0.1 |
|
71 |
Turkey |
64.4 |
-0.2 |
41 |
North Macedonia |
69.5 |
-1.6 |
|
72 |
Seychelles |
64.3 |
+2.9 |
42 |
Malta |
69.5 |
+0.9 |
|
73 |
Guatemala |
64.0 |
+1.4 |
43 |
Thailand |
69.4 |
+1.1 |
|
74 |
Italy |
63.8 |
+1.6 |
44 |
Azerbaijan |
69.3 |
+3.9 |
|
75 |
Oman |
63.6 |
+2.6 |
45 |
Colombia |
69.2 |
+1.9 |
|
76 |
Cabo Verde |
63.6 |
+0.5 |
46 |
Poland |
69.1 |
+1.3 |
|
77 |
Fiji |
63.4 |
+1.2 |
47 |
Uruguay |
69.1 |
+0.5 |
|
78 |
Morocco |
63.3 |
+0.4 |
48 |
Belgium |
68.9 |
+1.6 |
|
79 |
Kuwait |
63.2 |
+2.4 |
49 |
Jamaica |
68.5 |
-0.1 |
|
80 |
Paraguay |
63.0 |
+1.2 |
50 |
Saint Lucia |
68.2 |
-0.5 |
|
81 |
Kyrgyz Republic |
62.9 |
+0.6 |
51 |
Peru |
67.9 |
+0.1 |
|
82 |
Bosnia and Herzegovina |
62.6 |
+0.7 |
52 |
Slovenia |
67.8 |
+2.3 |
|
83 |
Saudi Arabia |
62.4 |
+1.7 |
53 |
Kosovo |
67.4 |
+0.4 |
|
84 |
Croatia |
62.2 |
+0.8 |
54 |
Indonesia |
67.2 |
+1.4 |
|
85 |
Bhutan |
62.1 |
-0.8 |
55 |
Panama |
67.2 |
0.0 |
|
86 |
Samoa |
62.1 |
-0.1 |
56 |
Portugal |
67.0 |
+1.7 |
|
87 |
Moldova |
62.0 |
+2.9 |
57 |
Albania |
66.9 |
+0.4 |
|
88 |
Belarus |
61.7 |
+3.8 |
58 |
Spain |
66.9 |
+1.2 |
|
89 |
Tanzania |
61.7 |
+1.5 |
59 |
Saint Vincent and the Grenadines |
66.8 |
+1.0 |
|
90 |
El Salvador |
61.6 |
-0.2 |
60 |
Slovakia |
66.8 |
+1.8 |
|
91 |
Montenegro |
61.5 |
+1.0 |
61 |
Brunei Darussalam |
66.6 |
+1.5 |
|
92 |
Barbados |
61.4 |
-3.3 |
62 |
Hungary |
66.4 |
+1.4 |
|
93 |
Honduras |
61.1 |
+0.9 |
63 |
Bahrain |
66.3 |
-0.1 |
|
94 |
Russia |
61.0 |
+2.1 |
64 |
France |
66.0 |
+2.2 |
|
95 |
Dominican Republic |
60.9 |
-0.1 |
65 |
Serbia |
66.0 |
+2.1 |
|
96 |
Namibia |
60.9 |
+2.2 |
66 |
Jordan |
66.0 |
-0.5 |
|
97 |
Dominica |
60.8 |
-2.8 |
67 |
Mexico |
66.0 |
+1.3 |
|
98 |
Vanuatu |
60.7 |
+4.3 |
68 |
Costa Rica |
65.8 |
+0.5 |
|
99 |
Madagascar |
60.5 |
+3.9 |
Mostly Unfree
Rank |
Country |
Overall |
Change |
|
rank |
Country |
Overall |
Change |
100 |
Greece |
59.9 |
+2.2 |
|
131 |
Eswatini |
55.3 |
+0.6 |
101 |
Côte d’Ivoire |
59.7 |
-2.7 |
|
132 |
Kenya |
55.3 |
+0.2 |
102 |
Uganda |
59.5 |
-0.2 |
|
133 |
Benin |
55.2 |
-0.1 |
103 |
China |
59.5 |
+1.1 |
|
134 |
Ukraine |
54.9 |
+2.6 |
104 |
Ghana |
59.4 |
+1.9 |
|
135 |
Pakistan |
54.8 |
-0.2 |
105 |
Vietnam |
58.8 |
+3.5 |
|
136 |
Afghanistan |
54.7 |
+3.2 |
106 |
South Africa |
58.8 |
+0.5 |
|
137 |
Niger |
54.7 |
+3.1 |
107 |
Tonga |
58.8 |
+1.1 |
|
138 |
Lesotho |
54.5 |
+1.4 |
108 |
Papua New Guinea |
58.4 |
0.0 |
|
139 |
Nepal |
54.2 |
+0.4 |
109 |
Trinidad and Tobago |
58.3 |
+1.3 |
|
140 |
Togo |
54.1 |
+3.8 |
110 |
Senegal |
58.0 |
+1.7 |
|
141 |
Burma |
54.0 |
+0.4 |
111 |
Belize |
57.4 |
+2.0 |
|
142 |
Egypt |
54.0 |
+1.5 |
112 |
Sri Lanka |
57.4 |
+1.0 |
|
143 |
Comoros |
53.7 |
-1.7 |
113 |
Cambodia |
57.3 |
-0.5 |
|
144 |
Brazil |
53.7 |
+1.8 |
114 |
Uzbekistan |
57.2 |
+3.9 |
|
145 |
Cameroon |
53.6 |
+1.2 |
115 |
Nicaragua |
57.2 |
-0.5 |
|
146 |
Ethiopia |
53.6 |
0.0 |
116 |
Nigeria |
57.2 |
-0.1 |
|
147 |
Zambia |
53.5 |
-0.1 |
117 |
Burkina Faso |
56.7 |
-2.7 |
|
148 |
Guinea-Bissau |
53.3 |
-0.7 |
118 |
Gabon |
56.7 |
+0.4 |
|
149 |
Argentina |
53.1 |
+0.9 |
119 |
Maldives |
56.5 |
+3.3 |
|
150 |
Solomon Islands |
52.9 |
-1.7 |
120 |
India |
56.5 |
+1.3 |
|
151 |
Djibouti |
52.9 |
+5.8 |
121 |
Guinea |
56.5 |
+0.8 |
|
152 |
Malawi |
52.8 |
+1.4 |
122 |
Bangladesh |
56.4 |
+0.8 |
|
153 |
Haiti |
52.3 |
-0.4 |
123 |
The Gambia |
56.3 |
+3.9 |
|
154 |
Angola |
52.2 |
+1.6 |
124 |
Guyana |
56.2 |
-0.6 |
|
155 |
Tajikistan |
52.2 |
-3.4 |
125 |
São Tomé and Príncipe |
56.2 |
+2.2 |
|
156 |
Micronesia |
52.0 |
+0.1 |
126 |
Mali |
55.9 |
-2.2 |
|
157 |
Lebanon |
51.7 |
+0.6 |
127 |
Mongolia |
55.9 |
+0.5 |
|
158 |
Ecuador |
51.3 |
+4.4 |
128 |
Tunisia |
55.8 |
+0.4 |
|
159 |
Central African Republic |
50.7 |
+1.6 |
129 |
Laos |
55.5 |
-1.9 |
|
160 |
Mozambique |
50.5 |
+1.9 |
130 |
Mauritania |
55.3 |
-0.4 |
|
161 |
Chad |
50.2 |
+0.3 |
Repressed
Rank |
Country |
Overall |
Change |
|
rank |
Country |
Overall |
Change |
162 |
Democratic Republic of Congo |
49.5 |
-0.8 |
|
172 |
Kiribati |
45.2 |
-2.1 |
163 |
Suriname |
49.5 |
+1.4 |
|
173 |
Sudan |
45.0 |
-2.7 |
164 |
Iran |
49.2 |
-1.9 |
|
174 |
Zimbabwe |
43.1 |
+2.7 |
165 |
Liberia |
49.0 |
-0.7 |
|
175 |
Bolivia |
42.8 |
+0.5 |
166 |
Burundi |
49.0 |
+0.1 |
|
176 |
Republic of Congo |
41.8 |
+2.1 |
167 |
Equatorial Guinea |
48.3 |
+7.3 |
|
177 |
Eritrea |
38.5 |
-0.4 |
168 |
Sierra Leone |
48.0 |
+0.5 |
|
178 |
Cuba |
26.9 |
-0.9 |
169 |
Algeria |
46.9 |
+0.7 |
|
179 |
Venezuela |
25.2 |
-0.7 |
170 |
Turkmenistan |
46.5 |
-1.9 |
|
180 |
North Korea |
4.2 |
-1.7 |
171 |
Timor-Leste |
45.9 |
+1.7 |
|
|
|
|
|
Not Ranked
Rank |
Country |
Overall |
Change |
|
rank |
Country |
Overall |
Change |
N/A |
Iraq |
N/A |
N/A |
|
N/A |
Somalia |
N/A |
N/A |
N/A |
Libya |
N/A |
N/A |
|
N/A |
Syria |
N/A |
N/A |
N/A |
Liechtenstein |
N/A |
N/A |
|
N/A |
Yemen |
N/A |
N/A |
Source:https://www.heritage.org/index/ranking