Index of economic freedom


Singapore is the top country by index of economic freedom in the world. As of 2023, index of economic freedom in Singapore was 83.9 score. The top 5 countries also includes Switzerland, Ireland, Taiwan Province of China, and New Zealand.

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What is index of economic freedom?

Economic freedom is the fundamental right of every human to control his or her own labor and property. In an economically free society, individuals are free to work, produce, consume, and invest in any way they please, with that freedom both protected by the state and unconstrained by the state. In economically free societies, governments allow labor, capital and goods to move freely, and refrain from coercion or constraint of liberty beyond the extent necessary to protect and maintain liberty itself. 100 represents the maximum freedom.