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List of countries by economic freedom

From Wikipedia, the free encyclopedia

This article includes a partial List of countries by economic freedom that shows the top 50 highest ranking countries from two reports on economic freedom.

2018 Economic Freedom of the World Index[1] 2017 Index of Economic Freedom[2]
Rank Country[2] Score
1  Hong Kong 90.2
2  Singapore 88.8
3  New Zealand 84.2
4   Switzerland 81.7
5  Australia 80.9
6  Ireland 80.4
7  Estonia 78.8
8  United Kingdom 78.0
9  Canada 77.7
10  United Arab Emirates 77.6
11  Iceland 77.0
12  Denmark 76.6
13  Taiwan 76.6
14  Luxembourg 76.4
15  Sweden 76.3
16  Georgia 76.2
17  Netherlands 76.2
18  United States 75.7
19  Lithuania 75.3
20  Chile 75.2
21  Mauritius 75.1
22  Malaysia 74.5
23  Norway 74.3
24  Czech Republic 74.2
25  Germany 74.2
26  Finland 74.1
27  South Korea 73.8
28  Latvia 73.6
29  Qatar 72.6
30  Japan 72.3
31  Israel 72.2
32  Austria 71.8
33  Macedonia 70.3
34  Macau 70.9
35  Botswana 69.9
36  Vanuatu 69.5
37  Romania 69.4
38  Uruguay 69.2
39  Rwanda 69.1
40  Jamaica 69.1
41  Kazakhstan 69.1
42  Colombia 68.9
43  Peru 68.7
44  Armenia 68.7
45  Poland 68.5
46  Malta 68.5
47  Bulgaria 68.3
48  Cyprus 67.8
49  Saint Vincent 67.7
50  Bahrain 67.7
Rank Country Score
1  Hong Kong 90.1
2  Singapore 89.4
3  Australia 82.0
4  New Zealand 81.4
5   Switzerland 81.0
6  Canada 80.2
7  Chile 78.7
8  Mauritius 76.5
9  Denmark 76.1
10  United States 76.0
11  Ireland 75.7
12  Bahrain 75.5
13  Estonia 75.3
14  United Kingdom 74.8
15  Luxembourg 74.2
16  Finland 74.0
17  Netherlands 73.5
18  Sweden 72.9
19  Germany 72.8
20  Taiwan 72.7
21  Georgia 72.2
22  Lithuania 72.1
23  Iceland 72.1
24  Japan 71.8
25  Austria 71.8
26  Macau 71.7
27  Qatar 71.3
28  United Arab Emirates 71.1
29  Czech Republic 70.9
30  Botswana 70.6
31  Norway 70.5
32  Saint Lucia 70.4
33  Jordan 70.4
34  South Korea 70.3
35  The Bahamas 70.1
36  Uruguay 69.7
37  Colombia 69.6
38  Armenia 69.4
39  Barbados 69.3
40  Belgium 69.2
41  Cyprus 69.0
42  Slovakia 68.7
43  Macedonia 68.2
44  Peru 68.2
45  Oman 68.1
46  Spain 68.0
47  Malta 67.5
48  Hungary 67.3
49  Costa Rica 67.0
50  Mexico 67.0

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Transcription

These are the top 10 most prosperous countries according to the Legatum Institute whose mission is to promote policies that lift people from poverty to prosperity. The study ranked countries across nine key metrics. The 10th most prosperous nation is the United Kingdom. It’s strong business economy allowed it to crack the top 5 in that category. It was top 10 in economic quality, natural environment, and education—helped by its vocational training reform efforts that saw it climb from 14th in the world in 2007. Ninth is Denmark which scores best on Safety and Security as thefts have dropped by 25% over the last decade. Air pollution has fallen by 63% over the same period, improving its Natural Environment ranking by 26 spots. To improve, Denmark should focus on its health system, which isn’t as strong as its Nordic neighbors. Sweden comes in eighth. It’s 3rd-ranked economy is its best asset. Sweden actually ranked first in overall prosperity from 2010 to 2012, but it’s education and governance scores have slipped slightly since then. It’s still very prosperous and is the third least corrupt country in the whole world. Seventh is the Netherlands. The Dutch are wealthy, healthy, educated, and served very well by their government. While its Natural Environment ranking is only 36th — the lowest score across any category for any country in this top ten — that’s actually up 37 spots from where it was in 2007. Australia is sixth. It is the only country in the top 20 to record an absolute decline in prosperity since 2007. Its government has adopted protectionist trade policies that have driven down the quality and diversity of its economy. On the bright side, its Health Care ranking is on the upswing despite rising obesity levels. In the same spot as last year is Canada at number 5. It is second-best on personal freedom, but its healthcare rank is hurt by rising obesity and diabetes rates. Canada is also top-ten in Governance, Social Capital, and Economic Prosperity. Fourth is Switzerland, the country with the best education score. It is one of only two Western European countries to see its Economic Quality score improve over the last decade, as the rest of the continent was hit hard by the 2008 global financial crisis. Finland is the third most prosperous nation. It is top-ranked in governance, second in Natural Environment, and third in Education. Surprisingly its Health score puts it at 21st in that category. The decline of its two main industries, timber and Nokia electronics, has led to a surge in unemployment. Norway is second for the fourth straight year, a consistent performer across the board that doesn’t rank in the top two in any category, but also doesn’t fall below 13th anywhere either. 93% of Norwegians say they’re satisfied with living standards in the country. And the most prosperous nation in the world is New Zealand for the fourth year in a row. It is best in Economic Quality thanks to free and open markets. There is clearly a synergistic effect between its top-ranked Social Capital score, its second-ranked Governance mark, and its high level of Personal Freedom. On the flip side, these are the bottom 10 countries. The prolonged civil war in Syria would likely land it down here, but there hasn’t been enough accurately collected and reported data lately to rank it. The US is ranked 17th. With the top-ranked business environment — but health and environment rankings down in the 30’s — we really need to get our priorities straight. And these are the top ten countries for each category: Economic Quality; Business Environment; Governance; Education; Health; Safety and Security; Personal Freedom; Social Capital; and Natural Environment. I hope this video shed light on the countries we should look to for ideas on creating more prosperity across our own societies. Our recent examination of the top 10 recycling countries led some of you to express concern about President Trump’s lack of respect for the environment, others were surprised that Japan didn’t make the list, while many of you agreed that Germany belonged in the top spot. Until next time, for TDC, I’m Bryce Plank, thanks for watching.

See also

References

External links

This page was last edited on 4 November 2018, at 22:29
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