The economics of capitalism, marked by private ownership and the freedom to trade, provides the structural backbone of the world's most productive economies. The capitalist model, shaped by the principles of voluntary exchange, competitive markets, private property rights, and the profit motive, has the potential to spur economic growth, innovation, and higher living standards – when appropriately balanced with regulation and social safety nets. The "Index of Economic Freedom", published by The Heritage Foundation, categorizes countries based on their degree of economic freedom measured across four broad dimensions: Rule of Law, Government Size, Regulatory Efficiency, and Open Markets. It is a useful barometer to grasp the extent of capitalism in various nations. Key findings from the data include:
The Index of Economic Freedom serves as a crucial barometer for assessing the extent of capitalist principles in practice across various countries. Singapore, renowned for its market-driven economy, leads with a top score of 89.7, embodying the essence of capitalist dynamics. New Zealand follows, reflecting its robust capitalist framework with an impressive score of 83.9. Australia and Switzerland, both with scores of 82.4 and 81.9, are exemplary in their commitment to capitalist principles. Ireland, with a score of 81.4, and Canada, scoring 77.9, further exemplify strong capitalist orientations. The United Kingdom and Estonia, with scores of 78.4 and 78.2, showcase their market-driven economic policies. Taiwan and Germany, rounding off the top list with scores of 78.6 and 72.5, also stand as strong representatives of capitalist economies. Top 10 Nations by Capitalist Orientation Based on Economic Freedom:
Metric
Value
Rank
Index of Economic Freedom
65.2
#62
Metric
Value
Rank
Index of Economic Freedom
49.7
#140
Metric
Value
Rank
Index of Economic Freedom
54.2
#122
Metric
Value
Rank
Index of Economic Freedom
52.7
#128
Metric
Value
Rank
Index of Economic Freedom
71.9
#32
Metric
Value
Rank
Index of Economic Freedom
82.4
#3
Metric
Value
Rank
Index of Economic Freedom
73.9
#25
Metric
Value
Rank
Index of Economic Freedom
70.1
#38
Metric
Value
Rank
Index of Economic Freedom
64.6
#67
Metric
Value
Rank
Index of Economic Freedom
69.9
#40
Metric
Value
Rank
Index of Economic Freedom
65.0
#63
Metric
Value
Rank
Index of Economic Freedom
61.0
#88
Metric
Value
Rank
Index of Economic Freedom
70.1
#37
Metric
Value
Rank
Index of Economic Freedom
57.5
#105
Metric
Value
Rank
Index of Economic Freedom
59.6
#93
Metric
Value
Rank
Index of Economic Freedom
58.3
#100
Metric
Value
Rank
Index of Economic Freedom
42.7
#147
Metric
Value
Rank
Index of Economic Freedom
62.9
#77
Metric
Value
Rank
Index of Economic Freedom
67.6
#51
Metric
Value
Rank
Index of Economic Freedom
53.4
#125
Metric
Value
Rank
Index of Economic Freedom
70.4
#35
Metric
Value
Rank
Index of Economic Freedom
56.5
#110
Metric
Value
Rank
Index of Economic Freedom
49.9
#139
Metric
Value
Rank
Index of Economic Freedom
57.3
#107
Metric
Value
Rank
Index of Economic Freedom
53.4
#126
Metric
Value
Rank
Index of Economic Freedom
77.9
#9
Metric
Value
Rank
Index of Economic Freedom
48.8
#143
Metric
Value
Rank
Index of Economic Freedom
50.4
#138
Metric
Value
Rank
Index of Economic Freedom
75.2
#19
Metric
Value
Rank
Index of Economic Freedom
58.4
#99
Metric
Value
Rank
Index of Economic Freedom
68.1
#49
Metric
Value
Rank
Index of Economic Freedom
64.2
#68
Metric
Value
Rank
Index of Economic Freedom
63.6
#74
Metric
Value
Rank
Index of Economic Freedom
71.4
#33
Metric
Value
Rank
Index of Economic Freedom
73.8
#26
Metric
Value
Rank
Index of Economic Freedom
49.0
#142
Metric
Value
Rank
Index of Economic Freedom
77.8
#10
Metric
Value
Rank
Index of Economic Freedom
62.1
#83
Metric
Value
Rank
Index of Economic Freedom
52.4
#129
Metric
Value
Rank
Index of Economic Freedom
55.7
#115
Metric
Value
Rank
Index of Economic Freedom
61.0
#89
Metric
Value
Rank
Index of Economic Freedom
78.2
#8
Metric
Value
Rank
Index of Economic Freedom
55.1
#119
Metric
Value
Rank
Index of Economic Freedom
51.7
#131
Metric
Value
Rank
Index of Economic Freedom
62.2
#82
Metric
Value
Rank
Index of Economic Freedom
76.1
#17
Metric
Value
Rank
Index of Economic Freedom
65.7
#60
Metric
Value
Rank
Index of Economic Freedom
58.1
#101
Metric
Value
Rank
Index of Economic Freedom
77.2
#12
Metric
Value
Rank
Index of Economic Freedom
72.5
#29
Metric
Value
Rank
Index of Economic Freedom
59.2
#94
Metric
Value
Rank
Index of Economic Freedom
60.9
#90
Metric
Value
Rank
Index of Economic Freedom
64.0
#72
Metric
Value
Rank
Index of Economic Freedom
56.5
#111
Metric
Value
Rank
Index of Economic Freedom
54.9
#121
Metric
Value
Rank
Index of Economic Freedom
57.4
#106
Metric
Value
Rank
Index of Economic Freedom
50.8
#135
Metric
Value
Rank
Index of Economic Freedom
59.8
#91
Metric
Value
Rank
Index of Economic Freedom
67.2
#53
Metric
Value
Rank
Index of Economic Freedom
77.4
#11
Metric
Value
Rank
Index of Economic Freedom
56.5
#109
Metric
Value
Rank
Index of Economic Freedom
66.9
#55
Metric
Value
Rank
Index of Economic Freedom
47.2
#144
Metric
Value
Rank
Index of Economic Freedom
81.4
#5
Metric
Value
Rank
Index of Economic Freedom
73.8
#27
Metric
Value
Rank
Index of Economic Freedom
64.9
#64
Metric
Value
Rank
Index of Economic Freedom
61.7
#85
Metric
Value
Rank
Index of Economic Freedom
69.0
#45
Metric
Value
Rank
Index of Economic Freedom
74.1
#23
Metric
Value
Rank
Index of Economic Freedom
64.6
#65
Metric
Value
Rank
Index of Economic Freedom
71.1
#34
Metric
Value
Rank
Index of Economic Freedom
54.9
#120
Metric
Value
Rank
Index of Economic Freedom
64.1
#70
Metric
Value
Rank
Index of Economic Freedom
63.7
#73
Metric
Value
Rank
Index of Economic Freedom
53.9
#123
Metric
Value
Rank
Index of Economic Freedom
72.3
#30
Metric
Value
Rank
Index of Economic Freedom
51.4
#134
Metric
Value
Rank
Index of Economic Freedom
53.5
#124
Metric
Value
Rank
Index of Economic Freedom
49.2
#141
Metric
Value
Rank
Index of Economic Freedom
76.9
#15
Metric
Value
Rank
Index of Economic Freedom
76.0
#18
Metric
Value
Rank
Index of Economic Freedom
57.7
#103
Metric
Value
Rank
Index of Economic Freedom
53.0
#127
Metric
Value
Rank
Index of Economic Freedom
74.4
#22
Metric
Value
Rank
Index of Economic Freedom
55.6
#117
Metric
Value
Rank
Index of Economic Freedom
70.2
#36
Metric
Value
Rank
Index of Economic Freedom
56.1
#114
Metric
Value
Rank
Index of Economic Freedom
77.0
#13
Metric
Value
Rank
Index of Economic Freedom
65.5
#61
Metric
Value
Rank
Index of Economic Freedom
62.5
#80
Metric
Value
Rank
Index of Economic Freedom
62.4
#81
Metric
Value
Rank
Index of Economic Freedom
63.4
#75
Metric
Value
Rank
Index of Economic Freedom
63.3
#76
Metric
Value
Rank
Index of Economic Freedom
51.6
#133
Metric
Value
Rank
Index of Economic Freedom
62.6
#79
Metric
Value
Rank
Index of Economic Freedom
50.7
#136
Metric
Value
Rank
Index of Economic Freedom
76.8
#16
Metric
Value
Rank
Index of Economic Freedom
83.9
#2
Metric
Value
Rank
Index of Economic Freedom
56.3
#112
Metric
Value
Rank
Index of Economic Freedom
58.7
#97
Metric
Value
Rank
Index of Economic Freedom
68.6
#46
Metric
Value
Rank
Index of Economic Freedom
73.4
#28
Metric
Value
Rank
Index of Economic Freedom
64.6
#66
Metric
Value
Rank
Index of Economic Freedom
51.7
#130
Metric
Value
Rank
Index of Economic Freedom
66.2
#58
Metric
Value
Rank
Index of Economic Freedom
58.9
#96
Metric
Value
Rank
Index of Economic Freedom
62.6
#78
Metric
Value
Rank
Index of Economic Freedom
67.7
#50
Metric
Value
Rank
Index of Economic Freedom
64.1
#69
Metric
Value
Rank
Index of Economic Freedom
69.7
#42
Metric
Value
Rank
Index of Economic Freedom
67.5
#52
Metric
Value
Rank
Index of Economic Freedom
72.0
#31
Metric
Value
Rank
Index of Economic Freedom
69.5
#43
Metric
Value
Rank
Index of Economic Freedom
61.5
#86
Metric
Value
Rank
Index of Economic Freedom
68.3
#47
Metric
Value
Rank
Index of Economic Freedom
66.0
#59
Metric
Value
Rank
Index of Economic Freedom
58.0
#102
Metric
Value
Rank
Index of Economic Freedom
67.2
#54
Metric
Value
Rank
Index of Economic Freedom
66.3
#57
Metric
Value
Rank
Index of Economic Freedom
51.7
#132
Metric
Value
Rank
Index of Economic Freedom
89.7
#1
Metric
Value
Rank
Index of Economic Freedom
66.3
#56
Metric
Value
Rank
Index of Economic Freedom
68.3
#48
Metric
Value
Rank
Index of Economic Freedom
59.7
#92
Metric
Value
Rank
Index of Economic Freedom
74.0
#24
Metric
Value
Rank
Index of Economic Freedom
69.9
#39
Metric
Value
Rank
Index of Economic Freedom
55.7
#116
Metric
Value
Rank
Index of Economic Freedom
39.1
#149
Metric
Value
Rank
Index of Economic Freedom
46.4
#145
Metric
Value
Rank
Index of Economic Freedom
74.7
#21
Metric
Value
Rank
Index of Economic Freedom
81.9
#4
Metric
Value
Rank
Index of Economic Freedom
78.6
#6
Metric
Value
Rank
Index of Economic Freedom
55.2
#118
Metric
Value
Rank
Index of Economic Freedom
61.3
#87
Metric
Value
Rank
Index of Economic Freedom
69.7
#41
Metric
Value
Rank
Index of Economic Freedom
44.7
#146
Metric
Value
Rank
Index of Economic Freedom
57.5
#104
Metric
Value
Rank
Index of Economic Freedom
59.0
#95
Metric
Value
Rank
Index of Economic Freedom
56.6
#108
Metric
Value
Rank
Index of Economic Freedom
64.0
#71
Metric
Value
Rank
Index of Economic Freedom
58.6
#98
Metric
Value
Rank
Index of Economic Freedom
56.2
#113
Metric
Value
Rank
Index of Economic Freedom
76.9
#14
Metric
Value
Rank
Index of Economic Freedom
78.4
#7
Metric
Value
Rank
Index of Economic Freedom
74.8
#20
Metric
Value
Rank
Index of Economic Freedom
69.3
#44
Metric
Value
Rank
Index of Economic Freedom
24.7
#150
Metric
Value
Rank
Index of Economic Freedom
61.7
#84
Metric
Value
Rank
Index of Economic Freedom
50.4
#137
Metric
Value
Rank
Index of Economic Freedom
39.5
#148
Region ↕ | Index of Economic Freedom ↕ |
---|---|
Albania | 65.2 |
Algeria | 49.7 |
Angola | 54.2 |
Argentina | 52.7 |
Armenia | 71.9 |
Australia | 82.4 |
Austria | 73.9 |
Azerbaijan | 70.1 |
Bahamas | 64.6 |
Bahrain | 69.9 |
Barbados | 65.0 |
Belarus | 61.0 |
Belgium | 70.1 |
Belize | 57.5 |
Benin | 59.6 |
Bhutan | 58.3 |
Bolivia | 42.7 |
Bosnia and Herzegovina | 62.9 |
Botswana | 67.6 |
Brazil | 53.4 |
Bulgaria | 70.4 |
Burkina Faso | 56.5 |
Burundi | 49.9 |
Cambodia | 57.3 |
Cameroon | 53.4 |
Canada | 77.9 |
Central African Republic | 48.8 |
Chad | 50.4 |
Chile | 75.2 |
China | 58.4 |
Colombia | 68.1 |
Costa Rica | 64.2 |
Croatia | 63.6 |
Cyprus | 71.4 |
Czech Republic | 73.8 |
DR Congo | 49.0 |
Denmark | 77.8 |
Dominican Republic | 62.1 |
Ecuador | 52.4 |
Egypt | 55.7 |
El Salvador | 61.0 |
Estonia | 78.2 |
Eswatini | 55.1 |
Ethiopia | 51.7 |
Fiji | 62.2 |
Finland | 76.1 |
France | 65.7 |
Gabon | 58.1 |
Georgia | 77.2 |
Germany | 72.5 |
Ghana | 59.2 |
Greece | 60.9 |
Guatemala | 64.0 |
Guinea | 56.5 |
Guinea Bissau | 54.9 |
Guyana | 57.4 |
Haiti | 50.8 |
Honduras | 59.8 |
Hungary | 67.2 |
Iceland | 77.4 |
India | 56.5 |
Indonesia | 66.9 |
Iran | 47.2 |
Ireland | 81.4 |
Israel | 73.8 |
Italy | 64.9 |
Ivory Coast | 61.7 |
Jamaica | 69.0 |
Japan | 74.1 |
Jordan | 64.6 |
Kazakhstan | 71.1 |
Kenya | 54.9 |
Kuwait | 64.1 |
Kyrgyzstan | 63.7 |
Laos | 53.9 |
Latvia | 72.3 |
Lebanon | 51.4 |
Lesotho | 53.5 |
Liberia | 49.2 |
Lithuania | 76.9 |
Luxembourg | 76.0 |
Madagascar | 57.7 |
Malawi | 53.0 |
Malaysia | 74.4 |
Mali | 55.6 |
Malta | 70.2 |
Mauritania | 56.1 |
Mauritius | 77.0 |
Mexico | 65.5 |
Moldova | 62.5 |
Mongolia | 62.4 |
Montenegro | 63.4 |
Morocco | 63.3 |
Mozambique | 51.6 |
Namibia | 62.6 |
Nepal | 50.7 |
Netherlands | 76.8 |
New Zealand | 83.9 |
Nicaragua | 56.3 |
Nigeria | 58.7 |
North Macedonia | 68.6 |
Norway | 73.4 |
Oman | 64.6 |
Pakistan | 51.7 |
Panama | 66.2 |
Papua New Guinea | 58.9 |
Paraguay | 62.6 |
Peru | 67.7 |
Philippines | 64.1 |
Poland | 69.7 |
Portugal | 67.5 |
Qatar | 72.0 |
Romania | 69.5 |
Russia | 61.5 |
Rwanda | 68.3 |
Saudi Arabia | 66.0 |
Senegal | 58.0 |
Serbia | 67.2 |
Seychelles | 66.3 |
Sierra Leone | 51.7 |
Singapore | 89.7 |
Slovakia | 66.3 |
Slovenia | 68.3 |
South Africa | 59.7 |
South Korea | 74.0 |
Spain | 69.9 |
Sri Lanka | 55.7 |
Sudan | 39.1 |
Suriname | 46.4 |
Sweden | 74.7 |
Switzerland | 81.9 |
Taiwan | 78.6 |
Tajikistan | 55.2 |
Tanzania | 61.3 |
Thailand | 69.7 |
Timor Leste | 44.7 |
Togo | 57.5 |
Trinidad and Tobago | 59.0 |
Tunisia | 56.6 |
Turkey | 64.0 |
Uganda | 58.6 |
Ukraine | 56.2 |
United Arab Emirates | 76.9 |
United Kingdom | 78.4 |
United States | 74.8 |
Uruguay | 69.3 |
Venezuela | 24.7 |
Vietnam | 61.7 |
Zambia | 50.4 |
Zimbabwe | 39.5 |