THE INDEX


COUNTRIES BY FINANCIAL FREEDOM - THE ENTIRE INDEX


On this page you will find the entire Financial Freedom Index - a ranking of the world's countries by financial freedom.

The Financial Freedom Index is based on 15 indicators and sub-indicators. For this tabular overview of the entire index the 6 types of tax rates and 3 international taxation indicators have been combined as one "tax score." The other six main indicators are shown as they appear on the "By Indicator" pages.
Due to lack of data for some countries, not all nations have been included in the ranking.

A score of 1.00 is most favorable, i.e., a 1.00 "tax score" translates into low taxes, as a 1.00 "cost of living score" translates into low living costs.



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MAP OF COUNTRIES BY FINANCIAL FREEDOM


FINANCIAL FREEDOM INDEX
RANKING SCORE COUNTRY TAX SCORE STRENGTH OF LEGAL RIGHTS STRENGTH OF INVESTOR PROTECTION CURRENCY CONVERTIBLE FOREIGN OWNERSHIP OF FREEHOLD PROPERTY COST OF LIVING INFLATION SCORE
1 0.856 Bahrain 0.992 0.22 0.49 YES YES 0.78 1.00
2 0.830 United Arab Emirates 0.992 0.33 0.38 YES YES 0.65 1.00
3 0.828 Singapore 0.762 1.00 0.95 YES YES 0.65 0.92
4 0.800 Montenegro 0.656 1.00 0.61 YES YES 0.83 1.00
5 0.796 Saudi Arabia 0.753 0.44 0.69 YES YES 0.84 0.85
6 0.792 Bahamas 1.000 0.89 0.43 PARTIALLY YES 0.47 1.00
7 0.781 Kosovo 0.651 0.78 0.46 YES YES 0.89 1.00
8 0.769 Oman 0.956 0.33 0.46 NO YES 0.83 0.86
9 0.756 Hong Kong 0.819 1.00 0.92 YES NO 0.65 0.81
10 0.749 Malaysia 0.671 1.00 0.89 NO YES 0.85 1.00
11 0.738 Panama 0.684 0.44 0.49 YES YES 0.78 0.78
12 0.737 Kuwait 0.947 0.22 0.61 YES NO 0.70 0.80
13 0.733 Macedonia 0.650 0.89 0.69 NO YES 0.92 1.00
14 0.719 Latvia 0.526 1.00 0.54 YES YES 0.71 1.00
15 0.710 St. Kitts and Nevis 0.789 0.67 0.61 NO YES 0.69 0.92
16 0.709 Bulgaria 0.636 0.89 0.57 NO YES 0.88 0.98
17 0.704 Palau 0.839 0.89 0.20 YES NO 0.62 0.97
18 0.701 Georgia 0.661 0.89 0.69 NO YES 0.81 0.76
19 0.698 Brunei 0.934 0.67 0.43 NO NO 0.77 1.00
20 0.697 Slovakia 0.542 0.78 0.43 YES YES 0.70 0.98
21 0.687 Paraguay 0.788 0.22 0.54 NO YES 0.81 0.69
22 0.685 Albania 0.552 0.89 0.72 NO YES 0.89 0.92
23 0.682 Estonia 0.531 0.67 0.54 YES YES 0.67 0.89
24 0.675 Botswana 0.625 0.56 0.57 PARTIALLY YES 0.83 0.48
25 0.671 Lebanon 0.696 0.22 0.46 PARTIALLY YES 0.76 0.78
26 0.665 South Africa 0.436 0.67 0.80 YES YES 0.74 0.64
27 0.664 Mongolia 0.652 0.56 0.66 NO YES 0.88 0.34
28 0.663 Moldova 0.594 0.89 0.49 NO YES 0.84 0.71
29 0.663 Bosnia and Herzegovina 0.649 0.44 0.46 NO YES 0.84 1.00
30 0.662 Guatemala 0.568 0.78 0.26 PARTIALLY YES 0.85 0.73
31 0.662 Cyprus 0.489 0.89 0.61 YES YES 0.55 0.90
32 0.662 Maldives 0.882 0.33 0.49 PARTIALLY NO 0.77 0.53
33 0.661 New Zealand 0.512 1.00 1.00 YES YES 0.28 1.00
34 0.656 El Salvador 0.480 0.44 0.23 YES YES 0.83 0.97
35 0.655 Kenya 0.492 1.00 0.46 YES PARTIALLY 0.88 0.48
36 0.654 Seychelles 0.683 0.33 0.54 NO YES 0.79 0.78
37 0.652 Ukraine 0.560 0.89 0.43 NO YES 0.86 0.76
38 0.651 Qatar 0.962 0.22 0.46 NO NO 0.69 0.82
39 0.650 Vanuatu 0.915 0.89 0.49 NO PARTIALLY 0.36 1.00
40 0.649 Grenada 0.598 0.67 0.61 NO YES 0.74 0.98
41 0.646 Antigua and Barbuda 0.614 0.67 0.61 NO YES 0.72 0.92
42 0.646 Serbia 0.594 0.67 0.49 NO YES 0.87 0.55
43 0.645 Kazakhstan 0.648 0.33 0.80 NO YES 0.78 0.53
44 0.644 Bangladesh 0.509 0.67 0.66 NO YES 0.98 0.50
45 0.642 Namibia 0.566 0.67 0.49 PARTIALLY YES 0.73 0.67
46 0.641 Ecuador 0.499 0.22 0.34 YES YES 0.80 0.81
47 0.641 Nigeria 0.578 0.89 0.54 YES NO 0.83 0.35
48 0.640 Lithuania 0.579 0.67 0.54 NO YES 0.76 0.97
49 0.639 United States 0.437 0.89 0.84 YES YES 0.42 1.00
50 0.639 Kyrgistan 0.642 1.00 0.77 NO NO 0.91 0.45
51 0.637 Hungary 0.613 0.67 0.38 NO YES 0.78 0.78
52 0.636 Cambodia 0.588 0.78 0.49 PARTIALLY NO 0.96 0.85
53 0.631 Jordan 0.636 0.11 0.38 NO YES 0.89 0.87
54 0.629 Pakistan 0.518 0.56 0.61 NO YES 1.00 0.26
55 0.628 Yemen 0.679 0.11 0.34 NO YES 0.93 0.30
56 0.627 Thailand 0.589 0.44 0.77 NO PARTIALLY 0.91 0.97
57 0.626 Peru 0.495 0.67 0.77 NO YES 0.77 1.00
58 0.623 Trinidad and Tobago 0.516 0.89 0.66 NO YES 0.75 0.67
59 0.622 Syria 0.703 0.00 0.43 NO YES 0.76 0.78
60 0.621 Belize 0.556 0.67 0.38 NO YES 0.77 1.00
61 0.621 Ghana 0.508 0.78 0.57 NO YES 0.88 0.41
62 0.619 Micronesia 0.749 0.67 0.20 YES NO 0.50 0.87
63 0.616 Marshall Islands 0.710 0.89 0.26 YES NO 0.45 0.92
64 0.616 Romania 0.559 0.89 0.57 NO PARTIALLY 0.85 0.86
65 0.615 Egypt 0.563 0.22 0.49 NO YES 0.99 0.34
66 0.615 Mauritius 0.619 0.56 0.77 NO PARTIALLY 0.83 0.66
67 0.604 Taiwan 0.588 N/A 0.61 NO YES 0.78 1.00
68 0.602 Nicaragua 0.567 0.22 0.46 NO YES 0.90 0.46
69 0.602 St. Vincent and the Grenadines 0.486 0.67 0.61 NO YES 0.73 1.00
70 0.601 Ireland 0.361 0.89 0.84 YES YES 0.39 1.00
71 0.601 United Kingdom 0.365 1.00 0.80 YES YES 0.35 0.99
72 0.599 India 0.399 0.78 0.57 NO YES 0.99 0.35
73 0.599 Dominica 0.465 0.89 0.61 NO YES 0.68 1.00
74 0.599 Afghanistan 0.652 0.67 0.00 PARTIALLY NO 0.94 0.58
75 0.596 Jamaica 0.543 0.78 0.49 NO YES 0.72 0.47
76 0.595 Colombia 0.491 0.44 0.84 NO YES 0.70 0.93
77 0.594 St. Lucia 0.498 0.67 0.61 NO YES 0.70 0.88
78 0.593 Slovenia 0.358 0.33 0.72 YES YES 0.61 1.00
79 0.593 Madagascar 0.625 0.11 0.54 NO PARTIALLY 0.97 0.57
80 0.592 Sri Lanka 0.564 0.44 0.57 NO PARTIALLY 0.97 0.51
81 0.589 Bolivia 0.591 0.00 0.34 NO YES 0.87 0.67
82 0.588 Canada 0.438 0.67 0.89 YES YES 0.23 1.00
83 0.586 Zambia 0.544 0.89 0.49 PARTIALLY NO 0.84 0.57
84 0.586 Rwanda 0.441 0.78 0.61 PARTIALLY PARTIALLY 0.87 0.62
85 0.583 Chile 0.512 0.56 0.61 NO YES 0.65 0.92
86 0.581 Czech Republic 0.509 0.56 0.46 NO YES 0.68 1.00
87 0.581 Russia 0.593 0.22 0.43 NO YES 0.75 0.57
88 0.580 Mexico 0.460 0.56 0.57 NO YES 0.75 0.88
89 0.579 Malawi 0.542 0.67 0.49 PARTIALLY NO 0.94 0.33
90 0.577 Niger 0.427 0.56 0.26 NO YES 0.88 1.00
91 0.574 Swaziland 0.609 0.56 0.38 PARTIALLY NO 0.82 0.55
92 0.571 Tunisia 0.432 0.22 0.57 NO YES 0.91 0.71
93 0.570 Iraq 0.693 0.22 0.38 NO NO 0.87 0.62
94 0.570 Cameroon 0.398 0.56 0.38 NO YES 0.87 0.97
95 0.569 South Sudan 0.647 0.22 N/A NO YES 0.81 0.26
96 0.568 Sierra Leone 0.505 0.67 0.61 PARTIALLY NO 0.91 0.35
97 0.562 Poland 0.451 0.89 0.57 NO PARTIALLY 0.78 0.97
98 0.562 South Korea 0.439 0.78 0.57 NO YES 0.62 0.92
99 0.562 Nepal 0.504 0.78 0.49 NO NO 0.97 0.43
100 0.560 Costa Rica 0.615 0.22 0.23 NO YES 0.66 0.67
101 0.560 Malta 0.433 0.22 0.54 YES PARTIALLY 0.65 1.00
102 0.559 Morocco 0.398 0.22 0.46 NO YES 0.89 1.00
103 0.557 Dominican Republic 0.474 0.22 0.46 NO YES 0.82 0.70
104 0.556 Portugal 0.315 0.22 0.57 YES YES 0.60 1.00
105 0.556 Azerbaijan 0.477 0.56 0.66 NO PARTIALLY 0.87 0.61
106 0.554 Fiji 0.506 0.67 0.57 NO PARTIALLY 0.76 0.78
107 0.553 Croatia 0.434 0.67 0.34 NO YES 0.70 0.98
108 0.553 Sudan 0.537 0.33 0.26 NO YES 0.86 0.05
109 0.550 Greece 0.354 0.33 0.43 YES YES 0.54 0.90
110 0.550 Mali 0.358 0.56 0.31 NO YES 0.88 0.91
111 0.550 Spain 0.300 0.56 0.46 YES YES 0.52 1.00
112 0.550 Guinea 0.442 0.56 0.20 NO YES 0.91 0.29
113 0.549 Barbados 0.479 0.89 0.23 PARTIALLY YES 0.46 0.65
114 0.547 Honduras 0.527 0.78 0.23 NO PARTIALLY 0.81 0.59
115 0.545 Liberia 0.533 0.67 0.31 PARTIALLY NO 0.81 0.57
116 0.544 Germany 0.312 0.67 0.46 YES YES 0.43 1.00
117 0.544 Guinea Bissau 0.519 0.56 0.34 NO NO 0.89 0.92
118 0.543 Cape Verde 0.463 0.22 0.34 NO YES 0.77 0.91
119 0.542 Monaco 0.775 N/A N/A YES YES N/A 0.64
120 0.542 East Timor 0.551 0.11 0.34 YES NO 0.76 0.35
121 0.540 Indonesia 0.510 0.44 0.57 NO NO 0.91 0.64
122 0.540 Tanzania 0.441 0.67 0.46 PARTIALLY NO 0.94 0.41
123 0.539 Gabon 0.421 0.56 0.26 NO YES 0.73 0.92
124 0.538 Armenia 0.479 0.56 0.66 NO NO 0.86 0.78
125 0.537 Austria 0.319 0.67 0.46 YES YES 0.38 1.00
126 0.535 Japan 0.376 0.67 0.69 YES YES 0.17 0.98
127 0.534 Tajikistan 0.571 0.11 0.66 NO NO 0.90 0.45
128 0.533 Turkey 0.422 0.33 0.54 NO YES 0.77 0.57
129 0.533 Tonga 0.667 0.89 0.43 NO NO 0.54 0.67
130 0.532 Benin 0.333 0.56 0.26 NO YES 0.88 0.86
131 0.532 Italy 0.331 0.22 0.57 YES YES 0.45 1.00
132 0.531 Finland 0.311 0.78 0.54 YES YES 0.29 1.00
133 0.531 Netherlands 0.353 0.44 0.43 YES YES 0.38 1.00
134 0.531 Switzerland 0.474 0.78 0.46 YES YES 0.04 0.84
135 0.530 Belgium 0.283 0.56 0.69 YES YES 0.37 1.00
136 0.529 France 0.302 0.67 0.49 YES YES 0.36 1.00
137 0.529 Zimbabwe 0.456 0.67 0.38 PARTIALLY NO 0.81 0.79
138 0.529 Senegal 0.324 0.56 0.23 NO YES 0.86 1.00
139 0.527 Philipines 0.458 0.33 0.38 NO PARTIALLY 0.89 0.87
140 0.527 Laos 0.550 0.33 0.08 NO NO 0.97 0.65
141 0.527 Guyana 0.401 0.33 0.49 NO YES 0.76 0.70
142 0.526 Burundi 0.514 0.22 0.57 NO NO 0.96 0.42
143 0.524 Lesotho 0.452 0.56 0.46 PARTIALLY NO 0.83 0.65
144 0.521 Belarus 0.596 0.22 0.49 NO NO 0.92 0.01
145 0.515 Burkina Faso 0.443 0.56 0.31 NO NO 0.89 1.00
146 0.513 Comoros 0.526 0.56 0.34 NO NO 0.79 0.76
147 0.512 Brazil 0.480 0.22 0.49 NO YES 0.60 0.66
148 0.511 Vietnam 0.457 0.78 0.23 NO NO 0.95 0.33
149 0.510 Sweden 0.293 0.78 0.61 YES YES 0.20 1.00
150 0.507 Mauritania 0.507 0.22 0.31 NO NO 0.93 0.64
151 0.504 Haiti 0.419 0.22 0.23 PARTIALLY PARTIALLY 0.84 0.68
152 0.504 Gambia 0.449 0.44 0.20 NO NO 0.97 0.67
153 0.501 Uganda 0.387 0.67 0.34 PARTIALLY NO 0.90 0.41
154 0.501 Luxembourg 0.346 0.33 0.38 YES YES 0.30 1.00
155 0.500 Uzbekistan 0.547 0.11 0.34 NO NO 0.94 0.25
156 0.498 Uruguay 0.463 0.33 0.46 NO YES 0.58 0.49
157 0.497 Israel 0.325 0.89 0.84 NO YES 0.39 1.00
158 0.495 Argentina 0.474 0.33 0.43 NO YES 0.60 0.30
159 0.494 China 0.461 0.44 0.46 NO NO 0.78 0.92
160 0.490 Denmark 0.236 0.89 0.61 YES YES 0.17 1.00
161 0.484 Australia 0.421 1.00 0.54 YES PARTIALLY 0.00 1.00
162 0.484 Algeria 0.432 0.22 0.49 NO NO 0.90 0.67
163 0.482 Samoa 0.463 0.67 0.61 NO NO 0.65 0.78
164 0.482 Bhutan 0.446 0.22 0.31 NO NO 0.98 0.40
165 0.480 Myanmar 0.456 0.33 N/A NO NO 0.96 0.65
166 0.476 Equatorial Guinea 0.493 0.56 0.31 NO NO 0.72 0.67
167 0.475 Angola 0.600 0.22 0.54 NO NO 0.64 0.36
168 0.472 Norway 0.319 0.56 0.66 YES YES 0.02 1.00
169 0.469 Democratic Republic of Congo 0.495 0.56 0.26 NO NO 0.77 0.35
170 0.467 Liechtenstein 0.622 0.78 0.23 YES NO 0.04 0.70
171 0.467 Kiribati 0.349 0.44 0.57 YES NO 0.45 1.00
172 0.464 Ethiopia 0.423 0.33 0.38 NO NO 0.93 0.15
173 0.462 Togo 0.331 0.56 0.31 NO NO 0.88 0.91
174 0.459 Iceland 0.363 0.67 0.57 NO YES 0.36 0.84
175 0.459 Mozambique 0.443 0.22 0.57 NO NO 0.77 0.59
176 0.457 Iran 0.481 0.33 0.31 NO NO 0.86 0.04
177 0.455 Eritrea 0.455 0.11 0.43 NO NO 0.89 0.20
178 0.452 Ivory Coast 0.312 0.56 0.26 NO NO 0.87 0.97
179 0.448 Sao Tome and Principe 0.463 0.11 0.26 NO NO 0.84 0.52
180 0.447 Solomon Islands 0.455 0.89 0.57 NO NO 0.49 0.66
181 0.434 Congo 0.328 0.56 0.26 NO NO 0.79 0.90
182 0.429 Djibouti 0.407 0.11 0.15 NO NO 0.80 0.92
183 0.426 Cuba 0.249 N/A N/A NO NO 0.97 0.57
184 0.426 Venezuela 0.397 0.11 0.15 NO YES 0.66 0.03
185 0.426 Central African Republic 0.251 0.56 0.34 NO NO 0.83 1.00
186 0.421 Papua New Guinea 0.480 0.44 0.57 NO NO 0.50 0.54
187 0.398 Chad 0.213 0.56 0.26 NO NO 0.82 0.92
188 0.260 Cook Islands 0.526 N/A N/A NO NO N/A 1.00
N/A 0.621 Macau 0.856 N/A N/A NO PARTIALLY 0.74 0.61
N/A 0.535 Turkmenistan 0.641 N/A N/A NO NO 0.80 0.67
N/A 0.514 Andorra 0.917 N/A N/A YES NO N/A 0.94
N/A 0.483 Nauru 0.959 N/A N/A YES NO N/A N/A
N/A 0.474 Tuvalu 0.602 N/A N/A YES NO 0.31 1.00
N/A 0.41 Libya 0.83 0 N/A NO PARTIALLY N/A 0.57
N/A 0.377 Suriname 0.324 0.33 0.11 NO NO 0.74 0.57
N/A 0.205 North Korea 0.512 N/A N/A NO NO N/A N/A
N/A 0.158 San Marino 0 0.11 N/A YES NO N/A 1.00
N/A 0.116 Somalia 0.289 N/A N/A NO NO N/A N/A