Financial Freedom Index: Index assessing the level of financial freedom

The Financial Freedom Index assesses the level of financial freedom in different countries by considering factors such as banking regulations, access to capital, and the efficiency of financial markets. This index provides valuable insights into the strength of the financial sector and its impact on economic growth and stability. Keeping track of this index helps in understanding the financial landscape and opportunities available in various economies.

As of January 2020, Australia, Hong Kong, and Switzerland were tied for first place in the Financial Freedom Index, all scoring 90. These countries demonstrated a high level of financial freedom, indicating well-regulated banking systems, access to capital, and efficient financial markets. On the other hand, Venezuela, Zimbabwe, and North Korea ranked at the bottom of the index with scores of 10 and 0, signifying limited financial freedom and significant barriers in their financial systems.

In January 2021, Australia, Switzerland, and Bahrain maintained their top positions with scores of 90 and 80, respectively. These countries continued to showcase a favorable environment for financial activities. Venezuela, Zimbabwe, and North Korea remained at the bottom of the index, indicating minimal financial freedom.

Moving to January 2022 and January 2023, Australia, Switzerland, and Bahrain continued to dominate the Financial Freedom Index's top positions, with scores remaining consistent. Venezuela, Zimbabwe, and North Korea remained at the bottom of the index, displaying persistently low levels of financial freedom.

Monitoring the Financial Freedom Index allows for an assessment of the financial sector's strength and the level of financial freedom in different countries. It helps policymakers, investors, and analysts in evaluating the attractiveness of financial markets, identifying areas for improvement, and making informed decisions regarding financial activities.

Financial Freedom Index By Country January 2023 (Index, January 2023)

Country Index
1 Australia 90
1 Switzerland 90
2 Liechtenstein 80
2 Luxembourg 80
2 Netherlands 80
2 New Zealand 80
2 Singapore 80
2 Sweden 80
2 United Kingdom 80
2 United States 80
2 Bahrain 80
2 Canada 80
2 Czech Republic 80
2 Finland 80
2 Denmark 80
2 Georgia 80
3 Armenia 70
3 Austria 70
3 Belgium 70
3 Botswana 70
3 Colombia 70
3 Chile 70
3 Estonia 70
3 France 70
3 Germany 70
3 Hungary 70
3 Iceland 70
3 Ireland 70
3 Israel 70
3 Lithuania 70
3 Mauritius 70
3 Morocco 70
3 Panama 70
3 Poland 70
3 Slovakia 70
3 Spain 70
3 Albania 70
4 Latvia 60
4 United Arab Emirates 60
4 Turkey 60
4 Bahamas 60
4 Thailand 60
4 Taiwan 60
4 South Korea 60
4 Qatar 60
4 Portugal 60
4 Philippines 60
4 Peru 60
4 Paraguay 60
4 Oman 60
4 Norway 60
4 North Macedonia 60
4 Argentina 60
4 Azerbaijan 60
4 Barbados 60
4 Bosnia and Herzegovina 60
4 Bulgaria 60
4 Cape Verde 60
4 Croatia 60
4 Cyprus 60
4 El Salvador 60
4 Ghana 60
4 Honduras 60
4 Indonesia 60
4 Japan 60
4 Jordan 60
4 Kuwait 60
4 Mexico 60
5 Romania 50
5 Belize 50
5 Benin 50
5 Brazil 50
5 Brunei 50
5 Cambodia 50
5 Cameroon 50
5 Costa Rica 50
5 Ivory Coast 50
5 Djibouti 50
5 Egypt 50
5 Fiji 50
5 Greece 50
5 Guatemala 50
5 Italy 50
5 Jamaica 50
5 Kazakhstan 50
5 Kenya 50
5 Kyrgyzstan 50
5 Madagascar 50
5 Malawi 50
5 Malaysia 50
5 Malta 50
5 Moldova 50
5 Mongolia 50
5 Montenegro 50
5 Mozambique 50
5 Nicaragua 50
5 Saudi Arabia 50
5 Serbia 50
5 Slovenia 50
5 South Africa 50
5 Tanzania 50
5 Gambia 50
5 Trinidad and Tobago 50
5 Uzbekistan 50
5 Vietnam 50
5 Zambia 50
6 Guinea 40
6 India 40
6 Lesotho 40
6 Mali 40
6 Mauritania 40
6 Namibia 40
6 Niger 40
6 Nigeria 40
6 Pakistan 40
6 Saint Lucia 40
6 Rwanda 40
6 Vanuatu 40
6 Uganda 40
6 Senegal 40
6 Saint Vincent and the Grenadines 40
6 Angola 40
6 Bangladesh 40
6 Bolivia 40
6 Burkina Faso 40
6 Chad 40
6 Dominica 40
6 Dominican Republic 40
6 Ecuador 40
6 Eswatini 40
6 Gabon 40
7 Tajikistan 30
7 Samoa 30
7 Sao Tome and Principe 30
7 Seychelles 30
7 Solomon Islands 30
7 Sri Lanka 30
7 Suriname 30
7 Russia 30
7 Togo 30
7 Tunisia 30
7 Uruguay 30
7 Algeria 30
7 Bhutan 30
7 Burundi 30
7 Central African Republic 30
7 Comoros 30
7 Republic of the Congo 30
7 Equatorial Guinea 30
7 Guinea-Bissau 30
7 Guyana 30
7 Haiti 30
7 Kiribati 30
7 Kosovo 30
7 Lebanon 30
7 Maldives 30
7 Micronesia 30
7 Nepal 30
7 Papua New Guinea 30
8 Belarus 20
8 Laos 20
8 Ethiopia 20
8 Eritrea 20
8 China 20
8 Myanmar 20
8 DR Congo 20
8 Tonga 20
8 Timor-Leste 20
8 Sudan 20
8 Sierra Leone 20
8 Liberia 20
9 Venezuela 10
9 Turkmenistan 10
9 Iran 10
9 Cuba 10
9 Zimbabwe 10
10 North Korea 0

Data from The Heritage Foundation

Statistics on " Society and Human Relations Industry "

The most important statistics

Other statistics that may interest you Human Relations in Society

Freedom

24

Trustworthiness

23

Discover The World Ranking

Further Content: You might find this interesting as well

Statistics

Topics

Freedom Trustworthiness