Financial Freedom Index

Asia Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Hong Kong	90	2020	1	90
2	Singapore	80	2022	2	80
3	Macao	70	2020	3	70
4	Japan	60	2022	4	60
4	Taiwan	60	2022	4	60
4	Azerbaijan	60	2022	4	60
4	Thailand	60	2022	4	60
4	South Korea	60	2022	4	60
4	Philippines	60	2022	4	60
4	Indonesia	60	2022	4	60
11	Malaysia	50	2022	11	50
11	Vietnam	50	2022	11	50
11	Brunei	50	2022	11	50
11	Kazakhstan	50	2022	11	50
11	Kyrgyzstan	50	2022	11	50
11	Cambodia	50	2022	11	50
11	Mongolia	50	2022	11	50
18	India	40	2022	18	40
18	Pakistan	40	2022	18	40
18	Sri Lanka	40	2022	18	40
18 ↑	Bangladesh	40	2022	21	30
18 ↑	Uzbekistan	40	2022	27	20
23 ↓	Tajikistan	30	2022	21	30
23 ↓	Maldives	30	2022	21	30
23 ↓	Nepal	30	2022	21	30
23 ↓	Russia	30	2022	21	30
23 ↓	Bhutan	30	2022	21	30
28 ↓	China	20	2022	27	20
28 ↓	Burma (Myanmar)	20	2022	27	20
28 ↓	Laos	20	2022	27	20
31	Turkmenistan	10	2022	31	10
31	North Korea	10	2006	31	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.