10 countries with most economic freedom

april 16, 2025

Images: Shutterstock
Data: worldpopulationreview.com

The index of economic freedom measures factors like the rule of law, government size, regulatory efficiency and open markets to determine the degree of economic freedom.

Here are 10 of the most capitalist countries in the world based on the Index of Economic Freedom.

Source: The Heritage Foundation, The Wall Street Journal 

Economic freedom index: 77.5

7. Norway*

*shares rank with Sweden

Economic freedom index: 77.5

7. Sweden

Economic freedom index: 77.8

6. Estonia*

*shares rank with New Zealand and Denmark

Economic freedom index: 77.8

6. New Zealand

Economic freedom index: 77.8

6. Denmark

Economic freedom index: 79.2

5. Luxembourg

Economic freedom index: 80.2

4. Taiwan

Economic freedom index: 82.6

3. Ireland

Economic freedom index: 83.0

2. Switzerland

Economic freedom index: 83.5

1. Singapore

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