Financial Freedom Index

Africa Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Botswana	70	2022	1	70
1	Mauritius	70	2022	1	70
1	Morocco	70	2022	1	70
4	Ghana	60	2022	4	60
4	Cape Verde	60	2022	4	60
6	Malawi	50	2022	6	50
6	Zambia	50	2022	6	50
6	Djibouti	50	2022	6	50
6	Benin	50	2022	6	50
6	Egypt	50	2022	6	50
6	South Africa	50	2022	6	50
6	Gambia	50	2022	6	50
6	Ivory Coast	50	2022	6	50
6	Cameroon	50	2022	6	50
6	Kenya	50	2022	6	50
6	Tanzania	50	2022	6	50
6	Madagascar	50	2022	6	50
6	Mozambique	50	2022	6	50
19	Guinea	40	2022	19	40
19	Lesotho	40	2022	19	40
19	Senegal	40	2022	19	40
19	Niger	40	2022	19	40
19	Burkina Faso	40	2022	19	40
19	Swaziland	40	2022	19	40
19	Rwanda	40	2022	19	40
19	Mauritania	40	2022	19	40
19	Mali	40	2022	19	40
19	Namibia	40	2022	19	40
19	Chad	40	2022	19	40
19	Uganda	40	2022	19	40
19	Gabon	40	2022	19	40
19	Nigeria	40	2022	19	40
33	Togo	30	2022	33	30
33	Central African Republic	30	2022	33	30
33	Republic of the Congo	30	2022	33	30
33	Comoros	30	2022	33	30
33	Algeria	30	2022	33	30
33	Guinea-Bissau	30	2022	33	30
33	Equatorial Guinea	30	2022	33	30
33	Sao Tome and Principe	30	2022	33	30
33	Seychelles	30	2022	33	30
33	Burundi	30	2022	33	30
33	Tunisia	30	2022	33	30
44	Eritrea	20	2022	44	20
44	Democratic Republic of the Congo	20	2022	44	20
44	Libya	20	2014	44	20
44	Liberia	20	2022	44	20
44	Sierra Leone	20	2022	44	20
44	Ethiopia	20	2022	44	20
44	Sudan	20	2022	44	20
51	Zimbabwe	10	2022	51	10

Definition of Financial Freedom Index

The Financial freedom index evaluates: the extent of government regulation of financial services, the degree of state intervention in banks and other financial firms through direct and indirect ownership, the extent of financial and capital market development, government influence on the allocation of credit and openness to foreign competition. Higher index values denote banking efficiency and independence from government control and interference in the financial sector.