Index of Economic Freedom 2003-2006

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The Index of Economic Freedom 2003-2006 rankings show the historical development of Economic Freedom as gauged annually by the Heritage Foundation and the Wall Street Journal.^[1]

Current ratings are available.

Countries that shared the same rank received a tie score. For example, in 2006 Iceland and the United Kingdom tied for the rank of 5th most economically free country.

• Overall, 99 countries worldwide were freer in 2006 than they were the previous year and 51 are less free. Five countries remained in the same degree of freedom.
• The 10 most-improved countries in 2006 were: Pakistan, Romania, Kyrgyzstan, Suriname, Armenia, Turkmenistan, Georgia, Turkey, Tajikistan and Kazakhstan.
• The 10 worst-improved countries in 2006 were: Iran, Italy, Guinea, Bolivia, United Arab Emirates, Oman, Sri Lanka, Equatorial Guinea, Egypt and Nicaragua.

Yearly worldwide index of economic freedom published by The Wall Street Journal and the Heritage Foundation
Rank Country Index 2006 2006 2005 2004 2003 1  Hong Kong 1.28 1.35 1.34 1.44 2  Singapore 1.56 1.60 1.61 1.61 3  Ireland 1.58 1.70 1.79 1.73 4  Luxembourg 1.60 1.63 1.76 1.68 5  Iceland 1.74 1.81 2.05 1.98 5  United Kingdom 1.74 1.75 1.84 1.88 7  Estonia 1.75 1.65 1.76 1.68 8  Denmark 1.78 1.76 1.85 1.71 9  New Zealand 1.84 1.75 1.70 1.68 9  United States 1.84 1.90 1.85 1.86 9  Australia 1.84 1.84 1.93 1.95 12  Canada 1.85 1.91 1.98 2.00 12  Finland 1.85 1.90 2.00 1.85 14  Chile 1.88 1.86 1.91 2.06 15  Switzerland 1.89 1.85 1.84 1.88 16  Netherlands 1.90 1.95 2.09 2.00 16  Cyprus 1.90 2.13 2.00 2.14 18  Austria 1.95 2.09 2.13 2.08 19  Germany 1.96 2.00 2.08 2.03 19  Sweden 1.96 1.89 1.95 1.88 21  Czech Republic 2.10 2.31 2.39 2.35 22  Belgium 2.11 2.13 2.24 2.10 23  Lithuania 2.14 2.18 2.19 2.21 24  Malta 2.16 2.28 2.46 2.71 25  Bahrain 2.23 2.15 2.13 2.09 26  Barbados 2.25 2.35 2.41 2.24 27  Bahamas 2.26 2.25 2.25 2.15 27  Japan 2.26 2.46 2.53 2.36 27  Armenia 2.26 2.58 2.63 2.59 30  Norway 2.29 2.33 2.35 2.28 30  Botswana 2.29 2.49 2.55 2.54 30  Portugal 2.29 2.44 2.43 2.40 33  Spain 2.33 2.34 2.36 2.31 34  Slovakia 2.35 2.43 2.44 2.71 36  Israel 2.36 2.41 2.41 2.45 37  Republic of China (Taiwan) 2.38 2.34 2.48 2.34 38  El Salvador 2.41 2.64 2.70 2.86 39  Latvia 2.43 2.31 2.41 2.35 40  Hungary 2.44 2.40 2.55 2.50 41  Poland 2.49 2.59 2.81 2.83 42  Trinidad and Tobago 2.50 2.54 2.40 2.54 42  Italy 2.50 2.28 2.31 2.31 44  France 2.51 2.63 2.68 2.74 45  South Korea 2.63 2.64 2.64 2.75 46  Uruguay 2.69 2.60 2.55 2.50 46  Costa Rica 2.69 2.76 2.66 2.76 46  Cape Verde 2.69 2.84 2.86 3.30 49  Panama 2.70 2.74 2.83 2.64 50  Kuwait 2.74 2.81 2.75 2.58 50  South Africa 2.74 2.83 2.79 2.63 52  Albania 2.75 2.93 3.10 3.23 52  Madagascar 2.75 2.73 3.14 2.85 54  Jamaica 2.76 2.76 2.81 2.68 55  Belize 2.78 2.71 2.69 2.69 55  Croatia 2.78 2.95 3.06 3.06 57  Greece 2.80 2.80 2.85 2.79 57  Macedonia 2.80 3.00 3.09 3.18 57  Jordan 2.80 2.79 2.78 2.80 60  Mongolia 2.83 2.75 2.85 2.96 60  Mexico 2.83 2.84 2.90 2.81 62  Saudi Arabia 2.84 2.99 3.05 3.09 63  Peru 2.86 2.83 2.88 2.91 64  Bulgaria 2.88 2.74 2.98 3.26 65  United Arab Emirates 2.93 2.73 2.65 2.25 66  Uganda 2.95 3.00 2.70 2.95 67  Bolivia 2.96 2.75 2.64 2.54 68  Cambodia 2.98 2.89 2.90 2.73 68  Malaysia 2.98 2.91 3.16 3.14 68  Georgia 2.98 3.29 3.14 3.40 71  Kyrgyzstan 2.99 3.34 3.41 3.46 71  Thailand 2.99 3.03 2.81 2.71 73  Lebanon 3.00 3.10 3.13 3.04 74  Oman 3.01 2.81 2.75 2.70 74  Bosnia and Herzegovina 3.01 3.16 3.30 3.54 74  Guatemala 3.01 3.18 3.16 3.01 77  Mauritius 3.03 2.90 2.99 2.96 78  Swaziland 3.04 3.11 3.18 3.05 78  Qatar 3.04 3.05 2.81 2.78		Rank Country Index 2006 2006 2005 2004 2003 80  Nicaragua 3.05 2.90 2.99 3.14 81  Mauritania 3.08 2.98 2.99 3.15 81  Brazil 3.08 3.20 3.10 3.06 83  Senegal 3.10 3.04 3.05 3.33 83  Maldives 3.10 3.11 3.09 3.13 85  Turkey 3.11 3.41 3.39 3.50 85  Guyana 3.11 3.08 3.08 3.15 85  Namibia 3.11 3.15 2.96 2.70 88  Mali 3.14 3.18 3.29 3.20 88  Côte d'Ivoire 3.14 3.26 3.13 3.16 90  Fiji 3.15 3.28 3.06 3.48 91  Colombia 3.16 3.21 3.13 3.10 92  Sri Lanka 3.19 3.03 3.06 3.05 92  Romania 3.19 3.58 3.71 3.71 94  Tanzania 3.20 3.41 3.24 3.49 94  Djibouti 3.20 3.30 3.23 3.30 94  Kenya 3.20 3.23 3.26 3.21 97  Morocco 3.21 3.18 2.93 2.96 98  Philippines 3.23 3.30 3.10 3.00 99  Lesotho 3.24 3.41 3.50 3.29 99  Tunisia 3.24 3.14 2.94 2.91 99  Ukraine 3.24 3.16 3.49 3.59 102  Honduras 3.28 3.43 3.53 3.24 102  Burkina Faso 3.28 3.28 3.28 3.35 102  Gabon 3.28 3.40 3.43 3.18 105  Ghana 3.29 3.25 3.35 3.54 105  Chad 3.29 3.33 3.54 3.59 107  Ecuador 3.30 3.49 3.60 3.58 107  Argentina 3.30 3.49 3.43 3.09 109  Paraguay 3.31 3.45 3.44 3.40 110  Pakistan 3.33 3.73 3.35 3.44 111  Zambia 3.34 3.45 3.55 3.55 111  People's Republic of China 3.34 3.51 3.59 3.49 113  Kazakhstan 3.35 3.61 3.65 3.50 113  Mozambique 3.35 3.29 3.33 3.40 115  Niger 3.38 3.48 3.48 3.61 116  Dominican Republic 3.39 3.54 3.51 3.29 117  Benin 3.40 3.63 3.49 3.56 118  Central African Republic 3.41 3.51 3.38 3.28 119  Cameroon 3.46 3.60 3.63 3.54 119  Algeria 3.46 3.49 3.26 3.39 121  India 3.49 3.53 3.53 3.58 122  Russia 3.50 3.61 3.51 3.54 123  Azerbaijan 3.51 3.43 3.44 3.50 123  Gambia 3.51 3.45 3.49 3.44 125  Rwanda 3.53 3.54 3.41 3.93 125  Nepal 3.53 3.55 3.53 3.63 127  Guinea 3.55 3.33 3.24 3.26 128  Egypt 3.59 3.43 3.33 3.44 129  Suriname 3.60 3.93 3.96 4.01 130  Malawi 3.63 3.65 3.51 3.63 131  Guinea-Bissau 3.65 3.80 3.85 3.90 132  Burundi 3.69       133  Ethiopia 3.70 3.73 3.33 3.79 134  Indonesia 3.71 3.59 3.76 3.43 134  Togo 3.71 3.68 3.78 3.86 136  Equatorial Guinea 3.74 3.58 3.69 3.73 137  Sierra Leone 3.76 3.78 3.73 3.95 137  Tajikistan 3.76 4.05 4.20 4.15 139  Yemen 3.84 3.75 3.70 3.73 139  Angola 3.84       141  Bangladesh 3.88 3.95 3.70 3.69 142  Vietnam 3.89 3.83 3.93 3.90 143  Republic of the Congo 3.90 3.80 3.90 3.80 144  Uzbekistan 3.91 4.05 4.29 4.29 145  Syria 3.93 3.90 3.88 3.88 146  Nigeria 4.00 3.95 3.90 3.99 147  Haiti 4.03 4.09 3.73 3.86 148  Turkmenistan 4.04 4.36 4.31 4.21 149  Laos 4.08 4.33 4.40 4.68 150  Cuba 4.10 4.24 4.13 4.47 151  Belarus 4.11 4.04 4.04 4.19 152  Venezuela 4.16 4.09 4.23 3.76 152  Libya 4.16 4.40 4.55 4.47 154  Zimbabwe 4.23 4.36 4.54 4.63 155  Myanmar 4.46 4.60 4.40 4.35 156  Iran 4.51 4.21 4.31 4.30 157  North Korea 5.00 5.00 5.00 5.00

Note: Due to economic or political instability, in 2006 the Democratic Republic of the Congo, Iraq, Papua New Guinea, Samoa, Serbia and Montenegro, Somalia and Sudan were not ranked. There was no data for countries with very small populations, including Andorra, Antigua and Barbuda, Bhutan, Dominica, East Timor, Grenada, Liechtenstein, Micronesia, Monaco, San Marino, Saint Lucia, São Tomé and Príncipe, Saint Vincent and the Grenadines, Saint Kitts and Nevis, Vatican City, Tonga, Tuvalu, and Seychelles.

[edit] References

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