In 2021, Venezuela was the country that had the lowest economic freedom score, scoring 3.01 and ranking 165/165 out of all countries analyzed. Zimbabwe and Syria followed, scoring 3.81 and 3.9 respectively. Out of the lowest scoring 20 countries, Guyana had the highest score at 5.43, ranking at 146 out of 165 countries analyzed.
The Economic Freedom Index scores countries on the economic freedom in a number of areas encompassing legal system & property rights, sound money, freedom to trade internationally and regulation.
The index uses a 0-10 scoring scale in each category with higher values representing greater economic freedom.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Fraser Institute. (September 19, 2023). Worst 20 countries for economic freedom in 2021 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/632379/economic-freedom-index-20-lowest-countries/
Fraser Institute. "Worst 20 countries for economic freedom in 2021." Chart. September 19, 2023. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/632379/economic-freedom-index-20-lowest-countries/
Fraser Institute. (2023). Worst 20 countries for economic freedom in 2021. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/632379/economic-freedom-index-20-lowest-countries/
Fraser Institute. "Worst 20 Countries for Economic Freedom in 2021." Statista, Statista Inc., 19 Sep 2023, https://www-statista-com.ezproxy.canberra.edu.au/statistics/632379/economic-freedom-index-20-lowest-countries/
Fraser Institute, Worst 20 countries for economic freedom in 2021 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/632379/economic-freedom-index-20-lowest-countries/ (last visited November 10, 2024)
Worst 20 countries for economic freedom in 2021 [Graph], Fraser Institute, September 19, 2023. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/632379/economic-freedom-index-20-lowest-countries/
