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Stats Gate

The World’s Freest Economies, 2019

Hong Kong has been ranked the freest economy in the world by the Heritage Foundation based in Washington. Hong Kong has been ranked as the world’s freest economy since the Index was first published in 1995.

Globally and in the Asia-Pacific region, Hong Kong, Singapore and New Zealand are ranked first, second and third respectively. Switzerland is ranked 4th, while Australia is ranked 5th among the 180 countries and territories ranked by the index.

Cuba, Venezuela and North Korea are ranked 178th, 179th, and 180th respectively.

Six countries are not ranked in the 2019 index: Iraq, Libya, Liechtenstein, Somalia, Syria, and Yemen.

The World’s Freest Economies, 2019:

RankCountry NameRegionScore
1Hong KongAsia-Pacific90.2
2SingaporeAsia-Pacific89.4
3New ZealandAsia-Pacific84.4
4SwitzerlandEurope81.9
5AustraliaAsia-Pacific80.9
6IrelandEurope80.5
7United KingdomEurope78.9
8CanadaAmericas77.7
9United Arab EmiratesMiddle East and North Africa77.6
10TaiwanAsia-Pacific77.3
11IcelandEurope77.1
12United StatesAmericas76.8
13NetherlandsEurope76.8
14DenmarkEurope76.7
15EstoniaEurope76.6
16GeorgiaEurope75.9
17LuxembourgEurope75.9
18ChileAmericas75.4
19SwedenEurope75.2
20FinlandEurope74.9
21LithuaniaEurope74.2
22MalaysiaAsia-Pacific74.0
23Czech RepublicEurope73.7
24GermanyEurope73.5
25MauritiusSub-Saharan Africa73.0
26NorwayEurope73.0
27IsraelMiddle East and North Africa72.8
28QatarMiddle East and North Africa72.6
29South KoreaAsia-Pacific72.3
30JapanAsia-Pacific72.1
31AustriaEurope72.0
32RwandaSub-Saharan Africa71.1
33MacedoniaEurope71.1
34MacauAsia-Pacific71.0
35LatviaEurope70.4
36BotswanaSub-Saharan Africa69.5
37BulgariaEurope69.0
38Saint LuciaAmericas68.7
39JamaicaAmericas68.6
40UruguayAmericas68.6
41MaltaEurope68.6
42RomaniaEurope68.6
43ThailandAsia-Pacific68.3
44CyprusEurope68.1
45PeruAmericas67.8
46PolandEurope67.8
47ArmeniaEurope67.7
48BelgiumEurope67.3
49ColombiaAmericas67.3
50PanamaAmericas67.2
51KosovoEurope67.0
52AlbaniaEurope66.5
53JordanMiddle East and North Africa66.5
54BahrainMiddle East and North Africa66.4
55Saint Vincent and the GrenadinesAmericas65.8
56IndonesiaAsia-Pacific65.8
57SpainEurope65.7
58SloveniaEurope65.5
59KazakhstanAsia-Pacific65.4
60AzerbaijanAsia-Pacific65.4
61Costa RicaAmericas65.3
62PortugalEurope65.3
63Brunei DarussalamAsia-Pacific65.1
64HungaryEurope65.0
65SlovakiaEurope65.0
66MexicoAmericas64.7
67BarbadosAmericas64.7
68TurkeyEurope64.6
69SerbiaEurope63.9
70PhilippinesAsia-Pacific63.8
71FranceEurope63.8
72DominicaAmericas63.6
73Cabo VerdeSub-Saharan Africa63.1
74BhutanAsia-Pacific62.9
75MoroccoMiddle East and North Africa62.9
76BahamasAmericas62.9
77GuatemalaAmericas62.6
78Ivory CoastSub-Saharan Africa62.4
79Kyrgyz RepublicAsia-Pacific62.3
80ItalyEurope62.2
81FijiAsia-Pacific62.2
82SamoaAsia-Pacific62.2
83Bosnia and HerzegovinaEurope61.9
84El SalvadorAmericas61.8
85ParaguayAmericas61.8
86CroatiaEurope61.4
87SeychellesSub-Saharan Africa61.4
88OmanMiddle East and North Africa61.0
89Dominican RepublicAmericas61.0
90KuwaitMiddle East and North Africa60.8
91Saudi ArabiaMiddle East and North Africa60.7
92MontenegroEurope60.5
93HondurasAmericas60.2
94TanzaniaSub-Saharan Africa60.2
95UgandaSub-Saharan Africa59.7
96Burkina FasoSub-Saharan Africa59.4
97MoldovaEurope59.1
98RussiaEurope58.9
99NamibiaSub-Saharan Africa58.7
100ChinaAsia-Pacific58.4
101Papua New GuineaAsia-Pacific58.4
102South AfricaSub-Saharan Africa58.3
103MaliSub-Saharan Africa58.1
104BelarusEurope57.9
105CambodiaAsia-Pacific57.8
106GreeceEurope57.7
107NicaraguaAmericas57.7
108TongaAsia-Pacific57.7
109GhanaSub-Saharan Africa57.5
110LaosAsia-Pacific57.4
111NigeriaSub-Saharan Africa57.3
112Trinidad and TobagoAmericas57.0
113GuyanaAmericas56.8
114MadagascarSub-Saharan Africa56.6
115Sri LankaAsia-Pacific56.4
116VanuatuAsia-Pacific56.4
117SenegalSub-Saharan Africa56.3
118GabonSub-Saharan Africa56.3
119Mauritania (Islamic Republic of)Sub-Saharan Africa55.7
120GuineaSub-Saharan Africa55.7
121BangladeshAsia-Pacific55.6
122TajikistanAsia-Pacific55.6
123BelizeAmericas55.4
124ComorosSub-Saharan Africa55.4
125TunisiaMiddle East and North Africa55.4
126MongoliaAsia-Pacific55.4
127BeninSub-Saharan Africa55.3
128VietnamAsia-Pacific55.3
129IndiaAsia-Pacific55.2
130KenyaSub-Saharan Africa55.1
131Pakistan (Islamic Republic of)Asia-Pacific55.0
132EswatiniSub-Saharan Africa54.7
133Solomon IslandsAsia-Pacific54.6
134Sao Tome and PrincipeSub-Saharan Africa54.0
135Guinea-BissauSub-Saharan Africa54.0
136NepalAsia-Pacific53.8
137EthiopiaSub-Saharan Africa53.6
138ZambiaSub-Saharan Africa53.6
139BurmaAsia-Pacific53.6
140UzbekistanAsia-Pacific53.3
141MaldivesAsia-Pacific53.2
142LesothoSub-Saharan Africa53.1
143HaitiAmericas52.7
144EgyptMiddle East and North Africa52.5
145CameroonSub-Saharan Africa52.4
146GambiaSub-Saharan Africa52.4
147UkraineEurope52.3
148ArgentinaAmericas52.2
149MicronesiaAsia-Pacific51.9
150BrazilAmericas51.9
151NigerSub-Saharan Africa51.6
152Afghanistan (Islamic Republic of)Asia-Pacific51.5
153MalawiSub-Saharan Africa51.4
154LebanonMiddle East and North Africa51.1
155Iran (Islamic Republic of)Middle East and North Africa51.1
156AngolaSub-Saharan Africa50.6
157Congo, Democratic Republic of the CongoSub-Saharan Africa50.3
158TogoSub-Saharan Africa50.3
159ChadSub-Saharan Africa49.9
160LiberiaSub-Saharan Africa49.7
161Central African RepublicSub-Saharan Africa49.1
162BurundiSub-Saharan Africa48.9
163MozambiqueSub-Saharan Africa48.6
164TurkmenistanAsia-Pacific48.4
165SurinameAmericas48.1
166SudanSub-Saharan Africa47.7
167Sierra LeoneSub-Saharan Africa47.5
168KiribatiAsia-Pacific47.3
169DjiboutiSub-Saharan Africa47.1
170EcuadorAmericas46.9
171AlgeriaMiddle East and North Africa46.2
172Timor-LesteAsia-Pacific44.2
173BoliviaAmericas42.3
174Equatorial GuineaSub-Saharan Africa41.0
175ZimbabweSub-Saharan Africa40.4
176Congo, Republic ofSub-Saharan Africa39.7
177EritreaSub-Saharan Africa38.9
178CubaAmericas27.8
179VenezuelaAmericas25.9
180Korea, NorthAsia-Pacific5.9

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Alexandra Dimitropoulou
Deputy executive editor at the ​CEOWORLD magazine. Writer, internet person, professional restaurant recommender, and native New Yorker. Passions: health & wellness, coffee, running & dogs.
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