Capitalist Countries

Index of Economic Freedom
Index of Economic Freedomℹ️
1.SingaporeSingapore89.7
2.New ZealandNew Zealand83.9
3.AustraliaAustralia82.4
4.SwitzerlandSwitzerland81.9
5.IrelandIreland81.4
6.TaiwanTaiwan78.6
7.United KingdomUnited Kingdom78.4
8.EstoniaEstonia78.2
9.CanadaCanada77.9
10.DenmarkDenmark77.8
11.IcelandIceland77.4
12.GeorgiaGeorgia77.2
13.MauritiusMauritius77.0
14.United Arab EmiratesUnited Arab Emirates76.9
15.LithuaniaLithuania76.9
16.NetherlandsNetherlands76.8
17.FinlandFinland76.1
18.LuxembourgLuxembourg76.0
19.ChileChile75.2
20.United StatesUnited States74.8
21.SwedenSweden74.7
22.MalaysiaMalaysia74.4
23.JapanJapan74.1
24.South KoreaSouth Korea74.0
25.AustriaAustria73.9
26.Czech RepublicCzech Republic73.8
27.IsraelIsrael73.8
28.NorwayNorway73.4
29.GermanyGermany72.5
30.LatviaLatvia72.3
31.QatarQatar72.0
32.ArmeniaArmenia71.9
33.CyprusCyprus71.4
34.KazakhstanKazakhstan71.1
35.BulgariaBulgaria70.4
36.MaltaMalta70.2
37.BelgiumBelgium70.1
38.AzerbaijanAzerbaijan70.1
39.SpainSpain69.9
40.BahrainBahrain69.9
41.ThailandThailand69.7
42.PolandPoland69.7
43.RomaniaRomania69.5
44.UruguayUruguay69.3
45.JamaicaJamaica69.0
46.North MacedoniaNorth Macedonia68.6
47.RwandaRwanda68.3
48.SloveniaSlovenia68.3
49.ColombiaColombia68.1
50.PeruPeru67.7
51.BotswanaBotswana67.6
52.PortugalPortugal67.5
53.HungaryHungary67.2
54.SerbiaSerbia67.2
55.IndonesiaIndonesia66.9
56.SlovakiaSlovakia66.3
57.SeychellesSeychelles66.3
58.PanamaPanama66.2
59.Saudi ArabiaSaudi Arabia66.0
60.FranceFrance65.7
61.MexicoMexico65.5
62.AlbaniaAlbania65.2
63.BarbadosBarbados65.0
64.ItalyItaly64.9
65.JordanJordan64.6
66.OmanOman64.6
67.BahamasBahamas64.6
68.Costa RicaCosta Rica64.2
69.PhilippinesPhilippines64.1
70.KuwaitKuwait64.1
71.TurkeyTurkey64.0
72.GuatemalaGuatemala64.0
73.KyrgyzstanKyrgyzstan63.7
74.CroatiaCroatia63.6
75.MontenegroMontenegro63.4
76.MoroccoMorocco63.3
77.Bosnia and HerzegovinaBosnia and Herzegovina62.9
78.ParaguayParaguay62.6
79.NamibiaNamibia62.6
80.MoldovaMoldova62.5
81.MongoliaMongolia62.4
82.FijiFiji62.2
83.Dominican RepublicDominican Republic62.1
84.VietnamVietnam61.7
85.Ivory CoastIvory Coast61.7
86.RussiaRussia61.5
87.TanzaniaTanzania61.3
88.BelarusBelarus61.0
89.El SalvadorEl Salvador61.0
90.GreeceGreece60.9
91.HondurasHonduras59.8
92.South AfricaSouth Africa59.7
93.BeninBenin59.6
94.GhanaGhana59.2
95.Trinidad and TobagoTrinidad and Tobago59.0
96.Papua New GuineaPapua New Guinea58.9
97.NigeriaNigeria58.7
98.UgandaUganda58.6
99.ChinaChina58.4
100.BhutanBhutan58.3
101.GabonGabon58.1
102.SenegalSenegal58.0
103.MadagascarMadagascar57.7
104.TogoTogo57.5
105.BelizeBelize57.5
106.GuyanaGuyana57.4
107.CambodiaCambodia57.3
108.TunisiaTunisia56.6
109.IndiaIndia56.5
110.Burkina FasoBurkina Faso56.5
111.GuineaGuinea56.5
112.NicaraguaNicaragua56.3
113.UkraineUkraine56.2
114.MauritaniaMauritania56.1
115.EgyptEgypt55.7
116.Sri LankaSri Lanka55.7
117.MaliMali55.6
118.TajikistanTajikistan55.2
119.EswatiniEswatini55.1
120.KenyaKenya54.9
121.Guinea BissauGuinea Bissau54.9
122.AngolaAngola54.2
123.LaosLaos53.9
124.LesothoLesotho53.5
125.BrazilBrazil53.4
126.CameroonCameroon53.4
127.MalawiMalawi53.0
128.ArgentinaArgentina52.7
129.EcuadorEcuador52.4
130.PakistanPakistan51.7
131.EthiopiaEthiopia51.7
132.Sierra LeoneSierra Leone51.7
133.MozambiqueMozambique51.6
134.LebanonLebanon51.4
135.HaitiHaiti50.8
136.NepalNepal50.7
137.ZambiaZambia50.4
138.ChadChad50.4
139.BurundiBurundi49.9
140.AlgeriaAlgeria49.7
141.LiberiaLiberia49.2
142.DR CongoDR Congo49.0
143.Central African RepublicCentral African Republic48.8
144.IranIran47.2
145.SurinameSuriname46.4
146.Timor LesteTimor Leste44.7
147.BoliviaBolivia42.7
148.ZimbabweZimbabwe39.5
149.SudanSudan39.1
150.VenezuelaVenezuela24.7
Rankings
>
Economy

Capitalism around the Globe

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:

  • Topping the list, Singapore ranked as the 'most capitalist' country with an impressive score of 89.7, leading on the strength of its regulatory efficiency and open markets.
  • The United States registered a score of 74.8, placing it 20th in the list. The U.S., a trailblazer in the global adoption of capitalism, experiences challenges in areas such as fiscal health and government spending.
  • Countries with advanced economies like New Zealand, Australia, Switzerland, and Ireland closely follow Singapore, scoring high on various dimensions of economic freedom.
  • It's noteworthy that smaller economies such as Estonia, Mauritius, and Georgia also score high, indicating efficient regulatory practices, and policy implementations favourable to economic freedom.
  • Conversely, Venezuela, with a score of 24.7 found its place at the end of the list, submerged under authoritarian regime, violated property rights, and collapsed markets. This data provides valuable insights, indicating that the degree of capitalism varies widely around the globe, shaped by a myriad of political, cultural, and social factors. At the same time, it reminds us that capitalism - when accompanied by robust institutions and regulations - can offer a powerful platform for national prosperity and individual wellbeing.

Most Capitalist Countries

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:

  1. Singapore - 89.7
  2. New Zealand - 83.9
  3. Australia - 82.4
  4. Switzerland - 81.9
  5. Ireland - 81.4
  6. Canada - 77.9
  7. United Kingdom - 78.4
  8. Estonia - 78.2
  9. Taiwan - 78.6
  10. Germany - 72.5

By Region

Albania

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Albania

Metric

Value

Rank

Index of Economic Freedom

65.2

#62

Algeria

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Algeria

Metric

Value

Rank

Index of Economic Freedom

49.7

#140

Angola

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Angola

Metric

Value

Rank

Index of Economic Freedom

54.2

#122

Argentina

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Argentina

Metric

Value

Rank

Index of Economic Freedom

52.7

#128

Armenia

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Armenia

Metric

Value

Rank

Index of Economic Freedom

71.9

#32

Australia

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Australia

Metric

Value

Rank

Index of Economic Freedom

82.4

#3

Austria

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Austria

Metric

Value

Rank

Index of Economic Freedom

73.9

#25

Azerbaijan

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Azerbaijan

Metric

Value

Rank

Index of Economic Freedom

70.1

#38

Bahamas

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Bahamas

Metric

Value

Rank

Index of Economic Freedom

64.6

#67

Bahrain

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Bahrain

Metric

Value

Rank

Index of Economic Freedom

69.9

#40

Barbados

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Barbados

Metric

Value

Rank

Index of Economic Freedom

65.0

#63

Belarus

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Belarus

Metric

Value

Rank

Index of Economic Freedom

61.0

#88

Belgium

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Belgium

Metric

Value

Rank

Index of Economic Freedom

70.1

#37

Belize

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Belize

Metric

Value

Rank

Index of Economic Freedom

57.5

#105

Benin

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Benin

Metric

Value

Rank

Index of Economic Freedom

59.6

#93

Bhutan

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Bhutan

Metric

Value

Rank

Index of Economic Freedom

58.3

#100

Bolivia

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Bolivia

Metric

Value

Rank

Index of Economic Freedom

42.7

#147

Bosnia and Herzegovina

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Bosnia and Herzegovina

Metric

Value

Rank

Index of Economic Freedom

62.9

#77

Botswana

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Botswana

Metric

Value

Rank

Index of Economic Freedom

67.6

#51

Brazil

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Brazil

Metric

Value

Rank

Index of Economic Freedom

53.4

#125

Bulgaria

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Bulgaria

Metric

Value

Rank

Index of Economic Freedom

70.4

#35

Burkina Faso

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Burkina Faso

Metric

Value

Rank

Index of Economic Freedom

56.5

#110

Burundi

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Burundi

Metric

Value

Rank

Index of Economic Freedom

49.9

#139

Cambodia

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Cambodia

Metric

Value

Rank

Index of Economic Freedom

57.3

#107

Cameroon

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Cameroon

Metric

Value

Rank

Index of Economic Freedom

53.4

#126

Canada

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Canada

Metric

Value

Rank

Index of Economic Freedom

77.9

#9

Central African Republic

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Central African Republic

Metric

Value

Rank

Index of Economic Freedom

48.8

#143

Chad

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Chad

Metric

Value

Rank

Index of Economic Freedom

50.4

#138

Chile

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Chile

Metric

Value

Rank

Index of Economic Freedom

75.2

#19

China

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China

Metric

Value

Rank

Index of Economic Freedom

58.4

#99

Colombia

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Colombia

Metric

Value

Rank

Index of Economic Freedom

68.1

#49

Costa Rica

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Costa Rica

Metric

Value

Rank

Index of Economic Freedom

64.2

#68

Croatia

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Croatia

Metric

Value

Rank

Index of Economic Freedom

63.6

#74

Cyprus

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Cyprus

Metric

Value

Rank

Index of Economic Freedom

71.4

#33

Czech Republic

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Czech Republic

Metric

Value

Rank

Index of Economic Freedom

73.8

#26

DR Congo

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DR Congo

Metric

Value

Rank

Index of Economic Freedom

49.0

#142

Denmark

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Denmark

Metric

Value

Rank

Index of Economic Freedom

77.8

#10

Dominican Republic

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Dominican Republic

Metric

Value

Rank

Index of Economic Freedom

62.1

#83

Ecuador

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Ecuador

Metric

Value

Rank

Index of Economic Freedom

52.4

#129

Egypt

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Egypt

Metric

Value

Rank

Index of Economic Freedom

55.7

#115

El Salvador

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El Salvador

Metric

Value

Rank

Index of Economic Freedom

61.0

#89

Estonia

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Estonia

Metric

Value

Rank

Index of Economic Freedom

78.2

#8

Eswatini

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Eswatini

Metric

Value

Rank

Index of Economic Freedom

55.1

#119

Ethiopia

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Ethiopia

Metric

Value

Rank

Index of Economic Freedom

51.7

#131

Fiji

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Fiji

Metric

Value

Rank

Index of Economic Freedom

62.2

#82

Finland

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Finland

Metric

Value

Rank

Index of Economic Freedom

76.1

#17

France

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France

Metric

Value

Rank

Index of Economic Freedom

65.7

#60

Gabon

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Gabon

Metric

Value

Rank

Index of Economic Freedom

58.1

#101

Georgia

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Georgia

Metric

Value

Rank

Index of Economic Freedom

77.2

#12

Germany

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Germany

Metric

Value

Rank

Index of Economic Freedom

72.5

#29

Ghana

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Ghana

Metric

Value

Rank

Index of Economic Freedom

59.2

#94

Greece

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Greece

Metric

Value

Rank

Index of Economic Freedom

60.9

#90

Guatemala

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Guatemala

Metric

Value

Rank

Index of Economic Freedom

64.0

#72

Guinea

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Guinea

Metric

Value

Rank

Index of Economic Freedom

56.5

#111

Guinea Bissau

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Guinea Bissau

Metric

Value

Rank

Index of Economic Freedom

54.9

#121

Guyana

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Guyana

Metric

Value

Rank

Index of Economic Freedom

57.4

#106

Haiti

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Haiti

Metric

Value

Rank

Index of Economic Freedom

50.8

#135

Honduras

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Honduras

Metric

Value

Rank

Index of Economic Freedom

59.8

#91

Hungary

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Hungary

Metric

Value

Rank

Index of Economic Freedom

67.2

#53

Iceland

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Iceland

Metric

Value

Rank

Index of Economic Freedom

77.4

#11

India

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India

Metric

Value

Rank

Index of Economic Freedom

56.5

#109

Indonesia

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Indonesia

Metric

Value

Rank

Index of Economic Freedom

66.9

#55

Iran

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Iran

Metric

Value

Rank

Index of Economic Freedom

47.2

#144

Ireland

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Ireland

Metric

Value

Rank

Index of Economic Freedom

81.4

#5

Israel

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Israel

Metric

Value

Rank

Index of Economic Freedom

73.8

#27

Italy

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Italy

Metric

Value

Rank

Index of Economic Freedom

64.9

#64

Ivory Coast

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Ivory Coast

Metric

Value

Rank

Index of Economic Freedom

61.7

#85

Jamaica

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Jamaica

Metric

Value

Rank

Index of Economic Freedom

69.0

#45

Japan

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Japan

Metric

Value

Rank

Index of Economic Freedom

74.1

#23

Jordan

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Jordan

Metric

Value

Rank

Index of Economic Freedom

64.6

#65

Kazakhstan

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Kazakhstan

Metric

Value

Rank

Index of Economic Freedom

71.1

#34

Kenya

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Kenya

Metric

Value

Rank

Index of Economic Freedom

54.9

#120

Kuwait

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Kuwait

Metric

Value

Rank

Index of Economic Freedom

64.1

#70

Kyrgyzstan

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Kyrgyzstan

Metric

Value

Rank

Index of Economic Freedom

63.7

#73

Laos

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Laos

Metric

Value

Rank

Index of Economic Freedom

53.9

#123

Latvia

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Latvia

Metric

Value

Rank

Index of Economic Freedom

72.3

#30

Lebanon

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Lebanon

Metric

Value

Rank

Index of Economic Freedom

51.4

#134

Lesotho

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Lesotho

Metric

Value

Rank

Index of Economic Freedom

53.5

#124

Liberia

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Liberia

Metric

Value

Rank

Index of Economic Freedom

49.2

#141

Lithuania

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Lithuania

Metric

Value

Rank

Index of Economic Freedom

76.9

#15

Luxembourg

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Luxembourg

Metric

Value

Rank

Index of Economic Freedom

76.0

#18

Madagascar

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Madagascar

Metric

Value

Rank

Index of Economic Freedom

57.7

#103

Malawi

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Malawi

Metric

Value

Rank

Index of Economic Freedom

53.0

#127

Malaysia

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Malaysia

Metric

Value

Rank

Index of Economic Freedom

74.4

#22

Mali

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Mali

Metric

Value

Rank

Index of Economic Freedom

55.6

#117

Malta

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Malta

Metric

Value

Rank

Index of Economic Freedom

70.2

#36

Mauritania

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Mauritania

Metric

Value

Rank

Index of Economic Freedom

56.1

#114

Mauritius

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Mauritius

Metric

Value

Rank

Index of Economic Freedom

77.0

#13

Mexico

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Mexico

Metric

Value

Rank

Index of Economic Freedom

65.5

#61

Moldova

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Moldova

Metric

Value

Rank

Index of Economic Freedom

62.5

#80

Mongolia

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Mongolia

Metric

Value

Rank

Index of Economic Freedom

62.4

#81

Montenegro

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Montenegro

Metric

Value

Rank

Index of Economic Freedom

63.4

#75

Morocco

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Morocco

Metric

Value

Rank

Index of Economic Freedom

63.3

#76

Mozambique

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Mozambique

Metric

Value

Rank

Index of Economic Freedom

51.6

#133

Namibia

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Namibia

Metric

Value

Rank

Index of Economic Freedom

62.6

#79

Nepal

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Nepal

Metric

Value

Rank

Index of Economic Freedom

50.7

#136

Netherlands

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Netherlands

Metric

Value

Rank

Index of Economic Freedom

76.8

#16

New Zealand

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New Zealand

Metric

Value

Rank

Index of Economic Freedom

83.9

#2

Nicaragua

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Nicaragua

Metric

Value

Rank

Index of Economic Freedom

56.3

#112

Nigeria

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Nigeria

Metric

Value

Rank

Index of Economic Freedom

58.7

#97

North Macedonia

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North Macedonia

Metric

Value

Rank

Index of Economic Freedom

68.6

#46

Norway

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Norway

Metric

Value

Rank

Index of Economic Freedom

73.4

#28

Oman

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Oman

Metric

Value

Rank

Index of Economic Freedom

64.6

#66

Pakistan

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Pakistan

Metric

Value

Rank

Index of Economic Freedom

51.7

#130

Panama

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Panama

Metric

Value

Rank

Index of Economic Freedom

66.2

#58

Papua New Guinea

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Papua New Guinea

Metric

Value

Rank

Index of Economic Freedom

58.9

#96

Paraguay

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Paraguay

Metric

Value

Rank

Index of Economic Freedom

62.6

#78

Peru

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Peru

Metric

Value

Rank

Index of Economic Freedom

67.7

#50

Philippines

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Philippines

Metric

Value

Rank

Index of Economic Freedom

64.1

#69

Poland

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Poland

Metric

Value

Rank

Index of Economic Freedom

69.7

#42

Portugal

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Portugal

Metric

Value

Rank

Index of Economic Freedom

67.5

#52

Qatar

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Qatar

Metric

Value

Rank

Index of Economic Freedom

72.0

#31

Romania

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Romania

Metric

Value

Rank

Index of Economic Freedom

69.5

#43

Russia

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Russia

Metric

Value

Rank

Index of Economic Freedom

61.5

#86

Rwanda

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Rwanda

Metric

Value

Rank

Index of Economic Freedom

68.3

#47

Saudi Arabia

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Saudi Arabia

Metric

Value

Rank

Index of Economic Freedom

66.0

#59

Senegal

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Senegal

Metric

Value

Rank

Index of Economic Freedom

58.0

#102

Serbia

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Serbia

Metric

Value

Rank

Index of Economic Freedom

67.2

#54

Seychelles

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Seychelles

Metric

Value

Rank

Index of Economic Freedom

66.3

#57

Sierra Leone

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Sierra Leone

Metric

Value

Rank

Index of Economic Freedom

51.7

#132

Singapore

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Singapore

Metric

Value

Rank

Index of Economic Freedom

89.7

#1

Slovakia

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Slovakia

Metric

Value

Rank

Index of Economic Freedom

66.3

#56

Slovenia

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Slovenia

Metric

Value

Rank

Index of Economic Freedom

68.3

#48

South Africa

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South Africa

Metric

Value

Rank

Index of Economic Freedom

59.7

#92

South Korea

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South Korea

Metric

Value

Rank

Index of Economic Freedom

74.0

#24

Spain

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Spain

Metric

Value

Rank

Index of Economic Freedom

69.9

#39

Sri Lanka

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Sri Lanka

Metric

Value

Rank

Index of Economic Freedom

55.7

#116

Sudan

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Sudan

Metric

Value

Rank

Index of Economic Freedom

39.1

#149

Suriname

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Suriname

Metric

Value

Rank

Index of Economic Freedom

46.4

#145

Sweden

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Sweden

Metric

Value

Rank

Index of Economic Freedom

74.7

#21

Switzerland

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Switzerland

Metric

Value

Rank

Index of Economic Freedom

81.9

#4

Taiwan

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Taiwan

Metric

Value

Rank

Index of Economic Freedom

78.6

#6

Tajikistan

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Tajikistan

Metric

Value

Rank

Index of Economic Freedom

55.2

#118

Tanzania

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Tanzania

Metric

Value

Rank

Index of Economic Freedom

61.3

#87

Thailand

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Thailand

Metric

Value

Rank

Index of Economic Freedom

69.7

#41

Timor Leste

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Timor Leste

Metric

Value

Rank

Index of Economic Freedom

44.7

#146

Togo

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Togo

Metric

Value

Rank

Index of Economic Freedom

57.5

#104

Trinidad and Tobago

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Trinidad and Tobago

Metric

Value

Rank

Index of Economic Freedom

59.0

#95

Tunisia

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Tunisia

Metric

Value

Rank

Index of Economic Freedom

56.6

#108

Turkey

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Turkey

Metric

Value

Rank

Index of Economic Freedom

64.0

#71

Uganda

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Uganda

Metric

Value

Rank

Index of Economic Freedom

58.6

#98

Ukraine

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Ukraine

Metric

Value

Rank

Index of Economic Freedom

56.2

#113

United Arab Emirates

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United Arab Emirates

Metric

Value

Rank

Index of Economic Freedom

76.9

#14

United Kingdom

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United Kingdom

Metric

Value

Rank

Index of Economic Freedom

78.4

#7

United States

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United States

Metric

Value

Rank

Index of Economic Freedom

74.8

#20

Uruguay

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Uruguay

Metric

Value

Rank

Index of Economic Freedom

69.3

#44

Venezuela

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Venezuela

Metric

Value

Rank

Index of Economic Freedom

24.7

#150

Vietnam

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Vietnam

Metric

Value

Rank

Index of Economic Freedom

61.7

#84

Zambia

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Zambia

Metric

Value

Rank

Index of Economic Freedom

50.4

#137

Zimbabwe

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Zimbabwe

Metric

Value

Rank

Index of Economic Freedom

39.5

#148

Additional Economy Datasets

Countries By National Debt

Countries By National Debt

World
| Regions 189
View Ranking
Countries That Use Pounds

Countries That Use Pounds

World
| Regions 6
View Ranking
Countries That Use the US Dollar

Countries That Use the US Dollar

World
| Regions 10
View Ranking
Debt To GDP Ratio By Country

Debt To GDP Ratio By Country

World
| Regions 189
View Ranking