Monetary Freedom Index By Country January 2023

The Monetary Freedom Index assesses the level of monetary freedom and stability in different countries, considering factors such as currency regulations, price stability, and the independence of central banks. This index provides insights into the efficiency of monetary policy, control of inflation, and stability of the financial system. Staying updated with this index helps in understanding the impact of monetary policies on economic stability and business conditions.

As of January 2020, New Zealand ranked first in the Monetary Freedom Index with a score of 87, indicating a high level of monetary freedom and stability. Peru secured the second position with a score of 86.3, followed closely by Australia at 86.2. On the other hand, Yemen, North Korea, and Venezuela scored 42.6, 0, and 0, respectively, indicating lower levels of monetary freedom and stability.

In January 2021, New Zealand maintained its first-place position with a slightly increased score of 86.9, showcasing continued high monetary freedom and stability. Australia ranked second with a score of 86.7, and Guinea-Bissau secured the third position with an identical score. North Korea, Venezuela, and Zimbabwe scored 0, 0, and 0, respectively, maintaining their lower levels of monetary freedom and stability.

Moving to January 2022, Japan claimed the top position in the Monetary Freedom Index with a score of 87.1, signifying a high level of monetary freedom and stability. Portugal secured the second position with a score of 86.8, followed by Singapore at 86.5. Japan's score indicates a relatively high level of monetary freedom and stability. North Korea, Venezuela, and Zimbabwe maintained their scores of 0, 0, and 0, respectively.

As of January 2023, Japan maintained its first-place position with a score of 87.1, indicating a continued high level of monetary freedom and stability. Switzerland secured the second position with a score of 85.1, followed by Comoros at 84.9. Sudan, Venezuela, and Zimbabwe scored 0, 0, and 0, respectively, reflecting lower levels of monetary freedom and stability.

Monitoring the Monetary Freedom Index provides insights into the level of monetary freedom, stability, and the effectiveness of monetary policies in different countries. It helps individuals, businesses, and policymakers assess the regulatory environment, inflation control measures, and the stability of the financial system. This information supports informed decision-making and promotes economic stability and business growth.

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

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Latest Data

January 2023

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Country

Publisher

The Heritage Foundation

Previous Records

Rank	Country	Index
1	Japan	87.1
2	Switzerland	85.1
3	Comoros	84.9
4	Portugal	84.8
5	United Arab Emirates	84.3
6	Solomon Islands	83.8
7	Jordan	83.6
8	Bahrain	83.5
9	Trinidad and Tobago	83
9	Gabon	83
9	Israel	83
10	Saint Vincent and the Grenadines	82.9
10	Oman	82.9
11	Dominica	82.6
11	Italy	82.6
12	Taiwan	82.5
13	Slovenia	82.4
13	Denmark	82.4
14	Cape Verde	82.3
15	Ecuador	82.2
15	Costa Rica	82.2
16	Finland	82.1
17	Bosnia and Herzegovina	81.9
17	Singapore	81.9
18	Republic of the Congo	81.8
18	Montenegro	81.8
19	Micronesia	81.5
19	Cyprus	81.5
19	Indonesia	81.5
19	Ireland	81.5
20	South Korea	81.4
21	Albania	81.3
22	Malaysia	81.1
22	Benin	81.1
23	Sweden	80.9
23	Saint Lucia	80.9
24	United Kingdom	80.8
25	Spain	80.6
26	Australia	80.5
27	Austria	80.4
28	Uganda	80.3
28	Belgium	80.3
28	Cameroon	80.3
29	Netherlands	80.2
29	Bulgaria	80.2
30	Latvia	80.1
31	Samoa	79.9
31	Guinea-Bissau	79.9
31	Maldives	79.9
32	Rwanda	79.7
33	Guyana	79.6
33	Greece	79.6
34	Kiribati	79.5
35	Malta	79.3
36	Mali	79.2
37	Fiji	79
38	Saudi Arabia	78.9
39	Barbados	78.8
40	New Zealand	78.7
41	Serbia	78.6
41	Colombia	78.6
41	Mauritania	78.6
42	Peru	78.5
42	Namibia	78.5
43	Estonia	78.4
44	Morocco	78.3
45	Lithuania	78.1
46	Czech Republic	78
46	United States	78
47	Eswatini	77.9
48	Equatorial Guinea	77.7
49	Iceland	77.4
49	Guatemala	77.4
49	Chile	77.4
50	Panama	77.3
51	South Africa	77
52	France	76.9
53	Chad	76.8
53	Romania	76.8
54	Poland	76.7
55	Hungary	76.5
56	Croatia	76.4
56	Myanmar	76.4
57	Mozambique	76.1
58	Bahamas	75.7
58	Senegal	75.7
59	Qatar	75.6
59	Belize	75.6
60	Madagascar	75.3
60	Germany	75.3
61	Jamaica	75.1
61	Libya	75.1
61	Luxembourg	75.1
61	Algeria	75.1
62	Kosovo	75
62	North Macedonia	75
62	Egypt	75
63	Lesotho	74.9
64	Canada	74.8
64	Slovakia	74.8
64	Tunisia	74.8
65	Kenya	74.7
66	Timor-Leste	74.6
67	Norway	74.4
68	Cambodia	74.3
69	Mongolia	74.1
70	Bolivia	74
71	Vanuatu	73.8
72	Brazil	73.7
73	Burkina Faso	73.5
73	Central African Republic	73.5
74	Mauritius	73.4
74	Thailand	73.4
74	Togo	73.4
75	Seychelles	73.3
76	Niger	73.2
77	Tanzania	73
78	Tonga	72.7
79	Paraguay	72.6
80	China	72.5
81	Laos	72.3
82	Djibouti	72.2
83	Honduras	72
83	Georgia	72
84	Brunei	71.8
84	Nepal	71.8
84	Uruguay	71.8
85	Papua New Guinea	71.5
86	Nicaragua	71.3
87	Moldova	71.2
88	Mexico	70.9
89	Malawi	70.8
90	Botswana	70.6
91	Vietnam	70.5
91	Armenia	70.5
92	Azerbaijan	70.3
92	Ghana	70.3
93	Sri Lanka	70.2
93	El Salvador	70.2
94	Bangladesh	70.1
95	India	70
96	Kuwait	69.3
97	Dominican Republic	68.8
98	Philippines	68.3
98	Ivory Coast	68.3
98	Liberia	68.3
99	Guinea	68.2
100	Burundi	67.8
100	Turkmenistan	67.8
101	Kazakhstan	67.7
102	Sierra Leone	67.6
103	Iraq	67.1
104	Belarus	66.9
105	Sao Tome and Principe	66.5
106	Tajikistan	66.3
107	DR Congo	65.8
107	Pakistan	65.8
108	Bhutan	65.6
109	Kyrgyzstan	65.4
110	Nigeria	65
111	Russia	64.9
112	Eritrea	64.6
113	Uzbekistan	63.4
114	Gambia	63.3
115	Zambia	62.2
116	Angola	58.9
117	Turkey	58.6
118	Haiti	58.3
119	Ethiopia	53.8
120	Suriname	46
121	Iran	40.6
122	Argentina	36.5
123	Lebanon	19.5
124	Cuba	15.3
125	North Korea	0
125	Sudan	0
125	Venezuela	0
125	Zimbabwe	0