Economic Freedom Index

Nomadino points from 0 to 100. The raw value combines Heritage economic-freedom data, World Bank governance scores and World Bank Business Ready pillar scores where available; score equals the raw points.
1 Singapore84 points 84 points 84
1 Switzerland84 points 84 points 84
3 Denmark82 points 82 points 82
3 Ireland82 points 82 points 82
3 Liechtenstein82 points 82 points 82
3 Luxembourg82 points 82 points 82
7 Australia81 points 81 points 81
7 Finland81 points 81 points 81
7 Netherlands81 points 81 points 81
7 Norway81 points 81 points 81
11 Estonia79 points 79 points 79
11 New Zealand79 points 79 points 79
11 Sweden79 points 79 points 79
14 Monaco78 points 78 points 78
15 Chinese Taipei77 points 77 points 77
16 Canada76 points 76 points 76
16 Iceland76 points 76 points 76
18 Germany75 points 75 points 75
18 Gibraltar75 points 75 points 75
18 Lithuania75 points 75 points 75
21 Cayman Islands74 points 74 points 74
21 Greenland74 points 74 points 74
23 Andorra73 points 73 points 73
23 Czech Republic73 points 73 points 73
23 Hong Kong73 points 73 points 73
23 Korea Republic73 points 73 points 73
23 United Kingdom73 points 73 points 73
23 United States73 points 73 points 73
29 Austria72 points 72 points 72
29 Belgium72 points 72 points 72
29 British Virgin Islands72 points 72 points 72
29 Chile72 points 72 points 72
29 Faroe Islands72 points 72 points 72
29 Japan72 points 72 points 72
29 Latvia72 points 72 points 72
29 Turks and Caicos Islands72 points 72 points 72
37 Bermuda71 points 71 points 71
37 San Marino71 points 71 points 71
37 United Arab Emirates71 points 71 points 71
40 Cyprus70 points 70 points 70
40 Macau70 points 70 points 70
40 Mauritius70 points 70 points 70
40 Portugal70 points 70 points 70
44 Aruba69 points 69 points 69
44 Israel69 points 69 points 69
44 Qatar69 points 69 points 69
44 Slovenia69 points 69 points 69
48 Barbados68 points 68 points 68
48 Brunei68 points 68 points 68
48 France68 points 68 points 68
48 Georgia68 points 68 points 68
48 Poland68 points 68 points 68
48 Uruguay68 points 68 points 68
54 Bahamas67 points 67 points 67
54 Cape Verde67 points 67 points 67
54 Costa Rica67 points 67 points 67
54 Oman67 points 67 points 67
54 Saint Kitts and Nevis67 points 67 points 67
54 Spain67 points 67 points 67
60 Anguilla66 points 66 points 66
60 Bahrain66 points 66 points 66
60 Croatia66 points 66 points 66
60 Malaysia66 points 66 points 66
60 Malta66 points 66 points 66
60 Slovakia66 points 66 points 66
66 Botswana65 points 65 points 65
66 Bulgaria65 points 65 points 65
66 Italy65 points 65 points 65
66 Sint Maarten65 points 65 points 65
70 Armenia64 points 64 points 64
70 Curacao64 points 64 points 64
70 Grenada64 points 64 points 64
70 Guam64 points 64 points 64
70 Romania64 points 64 points 64
70 Saint Lucia64 points 64 points 64
70 Samoa64 points 64 points 64
70 Saudi Arabia64 points 64 points 64
70 Seychelles64 points 64 points 64
79 Albania63 points 63 points 63
79 American Samoa63 points 63 points 63
79 Greece63 points 63 points 63
79 Hungary63 points 63 points 63
79 Jamaica63 points 63 points 63
84 Antigua and Barbuda62 points 62 points 62
84 French Guiana62 points 62 points 62
84 Montserrat62 points 62 points 62
84 Puerto Rico62 points 62 points 62
84 Saint-Martin62 points 62 points 62
84 U.S. Virgin Islands62 points 62 points 62
90 Cook Islands61 points 61 points 61
90 Indonesia61 points 61 points 61
90 Kazakhstan61 points 61 points 61
90 Micronesia61 points 61 points 61
90 Montenegro61 points 61 points 61
90 New Caledonia61 points 61 points 61
90 North Macedonia61 points 61 points 61
90 Peru61 points 61 points 61
90 Serbia61 points 61 points 61
99 Azerbaijan60 points 60 points 60
99 Dominican Republic60 points 60 points 60
99 Jordan60 points 60 points 60
99 Martinique60 points 60 points 60
99 Northern Mariana Islands60 points 60 points 60
99 Panama60 points 60 points 60
99 Paraguay60 points 60 points 60
99 Réunion60 points 60 points 60
99 Saint Vincent and the Grenadines60 points 60 points 60
99 Vietnam60 points 60 points 60
109 Belize59 points 59 points 59
109 Fiji59 points 59 points 59
109 Kosovo59 points 59 points 59
109 Kuwait59 points 59 points 59
109 Mongolia59 points 59 points 59
109 Morocco59 points 59 points 59
109 Philippines59 points 59 points 59
109 Thailand59 points 59 points 59
117 Bhutan58 points 58 points 58
117 Bosnia and Herzegovina58 points 58 points 58
117 Colombia58 points 58 points 58
117 Guadeloupe58 points 58 points 58
117 Mayotte58 points 58 points 58
117 Namibia58 points 58 points 58
117 Palau58 points 58 points 58
117 Rwanda58 points 58 points 58
117 Saint Pierre and Miquelon58 points 58 points 58
117 Tahiti58 points 58 points 58
127 Benin57 points 57 points 57
127 Dominica57 points 57 points 57
127 Guatemala57 points 57 points 57
127 Moldova57 points 57 points 57
127 Trinidad and Tobago57 points 57 points 57
127 Uzbekistan57 points 57 points 57
127 Vanuatu57 points 57 points 57
134 Argentina56 points 56 points 56
134 Ghana56 points 56 points 56
134 São Tomé and Príncipe56 points 56 points 56
134 South Africa56 points 56 points 56
138 Guyana55 points 55 points 55
138 Ivory Coast55 points 55 points 55
138 Mexico55 points 55 points 55
138 Tanzania55 points 55 points 55
138 Tonga55 points 55 points 55
143 El Salvador54 points 54 points 54
143 Turkey54 points 54 points 54
145 Honduras53 points 53 points 53
145 Senegal53 points 53 points 53
145 Swaziland53 points 53 points 53
148 Cambodia52 points 52 points 52
148 Gambia52 points 52 points 52
148 India52 points 52 points 52
148 Kenya52 points 52 points 52
148 Kiribati52 points 52 points 52
148 Kyrgyzstan52 points 52 points 52
148 Lesotho52 points 52 points 52
148 Marshall Islands52 points 52 points 52
148 Nauru52 points 52 points 52
148 Ukraine52 points 52 points 52
148 Zanzibar52 points 52 points 52
159 Brazil51 points 51 points 51
159 Djibouti51 points 51 points 51
159 Ecuador51 points 51 points 51
159 Gabon51 points 51 points 51
159 Madagascar51 points 51 points 51
159 Solomon Islands51 points 51 points 51
159 Togo51 points 51 points 51
166 Nepal50 points 50 points 50
166 Niue50 points 50 points 50
166 Papua New Guinea50 points 50 points 50
166 Suriname50 points 50 points 50
166 Tuvalu50 points 50 points 50
166 Zambia50 points 50 points 50
172 Angola49 points 49 points 49
172 Bangladesh49 points 49 points 49
172 Malawi49 points 49 points 49
172 Mauritania49 points 49 points 49
172 Nigeria49 points 49 points 49
172 Sri Lanka49 points 49 points 49
178 Burkina Faso48 points 48 points 48
178 China48 points 48 points 48
178 Egypt48 points 48 points 48
178 Guinea48 points 48 points 48
178 Maldives48 points 48 points 48
178 Mali48 points 48 points 48
178 Niger48 points 48 points 48
178 Tajikistan48 points 48 points 48
178 Tunisia48 points 48 points 48
178 Uganda48 points 48 points 48
178 Wallis and Futuna48 points 48 points 48
189 Cameroon47 points 47 points 47
189 Comoros47 points 47 points 47
189 Laos47 points 47 points 47
189 Nicaragua47 points 47 points 47
189 Pakistan47 points 47 points 47
194 Liberia46 points 46 points 46
194 Mozambique46 points 46 points 46
194 Russia46 points 46 points 46
194 Sierra Leone46 points 46 points 46
194 Timor-Leste46 points 46 points 46
199 Belarus45 points 45 points 45
199 Ethiopia45 points 45 points 45
201 Algeria44 points 44 points 44
201 Chad44 points 44 points 44
201 Palestine44 points 44 points 44
204 Congo43 points 43 points 43
205 Congo DR41 points 41 points 41
205 Equatorial Guinea41 points 41 points 41
205 Turkmenistan41 points 41 points 41
208 Haiti40 points 40 points 40
208 Iraq40 points 40 points 40
208 Lebanon40 points 40 points 40
211 Bolivia39 points 39 points 39
211 Central African Republic39 points 39 points 39
211 Guinea-Bissau39 points 39 points 39
214 Burundi38 points 38 points 38
214 Iran38 points 38 points 38
216 Afghanistan37 points 37 points 37
216 Myanmar37 points 37 points 37
218 Eritrea34 points 34 points 34
218 Zimbabwe34 points 34 points 34
220 Libya32 points 32 points 32
221 South Sudan31 points 31 points 31
222 Cuba30 points 30 points 30
222 Western Sahara30 points 30 points 30
224 Sudan29 points 29 points 29
224 Syria29 points 29 points 29
226 Venezuela25 points 25 points 25
226 Yemen25 points 25 points 25
228 Somalia20 points 20 points 20
229 Korea DPR9 points 9 points 9

Last rating: June 17th, 2026

How the Raw Value Is Calculated

The visible raw value is points from 0 to 100. 0 means very restricted economic freedom, while 100 means a very open, reliable and business-friendly economic environment. Higher raw values are better; the score equals the raw value.

Nomadino calculates the raw value as weighted points: 60% from the Heritage Index of Economic Freedom overall score, 25% from World Bank governance scores for regulatory quality, rule of law and control of corruption, 10% from World Bank Business Ready pillars for regulation, public services and practical implementation, and 5% from Heritage trade, investment and financial-freedom sub-scores.

The Heritage overall score is the core because it combines property rights, government integrity, tax burden, government spending, business freedom, labour market, monetary stability, trade, investment and finance on a common 0-to-100 scale. The World Bank governance values check whether that freedom is institutionally credible rather than just formal.

Business Ready is used as a direct numeric component only where countries are covered by the current World Bank dataset. Where one component is unavailable, Nomadino continues with the available components and uses maintained anchors for small territories based on the administering state, local autonomy, financial-centre role and regional comparators.

Fraser Economic Freedom of the World is linked as a public plausibility source, but is not used as a separate numeric component because the dataset page does not expose a stable direct table link for import. This keeps the re-rating reproducible from directly downloadable files.

This indicator measures economic-freedom and business-location conditions, not prosperity or low cost of living. GDP per capita, growth, inflation, public debt, wages, purchasing power, taxes, corruption, rule of law and political stability remain separate or neighbouring indicators.