Monetary Freedom Index

Global Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1 ↑	Japan	87.1	2022	12	85.1
2 ↑	Portugal	86.8	2022	13	85
3 ↑	Singapore	86.5	2022	9	85.4
4 ↑	Italy	86.2	2022	22	84.2
5 ↑	Taiwan	86.1	2022	20	84.3
6 ↑	Denmark	85.7	2022	15	84.5
7 ↑	Montenegro	85.6	2022	28	83.4
8 ↑	Spain	85.4	2022	26	83.5
9 ↑	South Korea	85.2	2022	17	84.4
9 ↑	Ireland	85.2	2022	17	84.4
11 ↑	Slovenia	85.1	2022	42	81.9
12 ↑	Dominica	84.9	2022	35	82.4
12 ↓	Switzerland	84.9	2022	9	85.4
12 ↑	Finland	84.9	2022	30	83.3
15 ↑	Israel	84.8	2022	17	84.4
16 ↓	Oman	84.7	2022	7	85.8
17 ↑	Trinidad and Tobago	84.6	2022	28	83.4
18 ↑	Cape Verde	84.4	2022	30	83.3
19 ↑	Micronesia	84.3	2022	38	82.1
19 ↑	Belgium	84.3	2022	39	82
21 ↑	Jordan	84.2	2022	39	82
22 ↑	Bosnia and Herzegovina	84.1	2021	33	82.7
23 ↓	Cyprus	83.9	2022	13	85
24 ↑	Latvia	83.8	2022	62	80.2
25	Malaysia	83.6	2022	25	83.6
25 ↑	Sweden	83.6	2022	46	81.2
27 ↓	Guinea-Bissau	83.4	2022	2	86.7
28 ↑	Guyana	83.3	2022	45	81.3
29 ↓	Australia	83.2	2022	2	86.7
30 ↑	Costa Rica	83.1	2022	52	80.9
31 ↑	United Kingdom	83	2022	49	81
32 ↑	Estonia	82.8	2022	68	79.7
32 ↓	Mali	82.8	2022	23	83.7
34 ↑	Belize	82.5	2022	62	80.2
35 ↑	Lithuania	82.3	2022	64	80.1
35 ↑	Austria	82.3	2022	43	81.7
35 ↑	United States	82.3	2022	48	81.1
38 ↓	Saint Lucia	82.2	2022	26	83.5
39 ↑	Netherlands	82.1	2022	59	80.4
39 ↑	Seychelles	82.1	2022	60	80.3
41 ↓	Albania	82	2022	39	82
42 ↓	Bulgaria	81.9	2022	11	85.2
43 ↓	New Zealand	81.8	2022	1	86.9
44 ↓	Gabon	81.5	2022	15	84.5
44 ↓	Ecuador	81.5	2022	43	81.7
44 ↑	Comoros	81.5	2022	68	79.7
47 ↑	Samoa	81.4	2022	72	79.5
47 ↓	Peru	81.4	2022	6	86.1
49 ↓	Bahrain	81.1	2022	32	82.8
49 ↑	Serbia	81.1	2021	54	80.7
51 ↓	Saint Vincent and the Grenadines	80.8	2020	37	82.2
51 ↓	Afghanistan	80.8	2021	49	81
51 ↑	United Arab Emirates	80.8	2022	56	80.6
54 ↓	Kiribati	80.7	2022	34	82.5
54 ↓	Hong Kong	80.7	2020	5	86.4
56 ↓	Republic of the Congo	80.5	2022	4	86.5
56 ↑	Croatia	80.5	2022	78	78.7
58 ↓	Benin	80.4	2022	23	83.7
59 ↑	Mauritania	80.3	2022	65	80
59 ↑	Indonesia	80.3	2022	74	79
61 ↓	Algeria	80.1	2022	20	84.3
61 ↑	Luxembourg	80.1	2022	101	76.5
63 ↓	Morocco	80	2022	60	80.3
64 ↓	Cameroon	79.9	2022	46	81.2
65 ↑	Germany	79.5	2022	92	77.2
66 ↓	Chile	79.4	2022	8	85.5
67 ↑	Colombia	79.3	2022	82	78.1
67 ↑	Iceland	79.3	2022	73	79.4
67 ↑	Guatemala	79.3	2022	85	77.7
70 ↑	Bahamas	79.2	2022	96	77
71 ↓	Poland	79.1	2022	53	80.8
71 ↑	France	79.1	2022	90	77.3
73 ↓	Solomon Islands	79	2022	56	80.6
73 ↓	Saudi Arabia	79	2022	36	82.3
73 ↓	Czech Republic	79	2022	68	79.7
73 ↑	Namibia	79	2022	92	77.2
77 ↑	Mozambique	78.8	2022	94	77.1
77 ↑	Romania	78.8	2022	85	77.7
79 ↓	Greece	78.6	2022	65	80
79 ↑	Barbados	78.6	2022	90	77.3
81 ↑	Malta	78.5	2022	94	77.1
81 ↓	Hungary	78.5	2022	77	78.8
83 ↑	Brazil	78.4	2022	84	77.8
84 ↓	Macedonia	78.3	2022	78	78.7
85 ↓	Uganda	78.2	2022	76	78.9
85 ↑	Canada	78.2	2022	103	76.1
87 ↓	Panama	78.1	2022	58	80.5
88 ↑	South Africa	78	2022	98	76.8
89 ↓	Swaziland	77.9	2022	81	78.2
90 ↑	Armenia	77.5	2022	97	76.9
91 ↑	Mauritius	77.4	2021	121	73.8
92 ↓	Togo	77.3	2022	68	79.7
93 ↓	Maldives	77.2	2022	87	77.5
94 ↑	Iraq	77	2021	102	76.44
94 ↑	Sudan	77	2020	172	56.9
96 ↑	Norway	76.9	2022	105	75.4
97 ↓	El Salvador	76.8	2022	49	81
98 ↓	Jamaica	76.2	2022	87	77.5
99 ↓	Senegal	76.1	2022	74	79
100 ↓	Georgia	76	2022	99	76.7
100 ↑	Mongolia	76	2022	128	73.4
100 ↓	Qatar	76	2022	54	80.7
103 ↑	Lesotho	75.9	2022	104	75.8
103 ↑	Madagascar	75.9	2022	123	73.7
105 ↑	Paraguay	75.6	2022	121	73.8
105 ↑	Burkina Faso	75.6	2022	113	74.7
107 ↓	Kenya	75.5	2022	105	75.4
107 ↑	Slovakia	75.5	2022	112	74.8
109 ↑	Botswana	75.4	2022	120	74.1
110 ↑	Central African Republic	75.3	2022	129	73.3
111	Fiji	74.9	2022	111	74.9
112 ↓	Cambodia	74.7	2022	109	75.1
113 ↓	Niger	74.6	2022	107	75.3
113 ↓	Vanuatu	74.6	2020	110	75
115 ↑	Azerbaijan	74.5	2022	130	73.2
116 ↓	Rwanda	74.4	2022	67	79.8
116 ↑	Tunisia	74.4	2022	125	73.6
118	Thailand	74.2	2022	118	74.4
118 ↓	Chad	74.2	2022	99	76.7
120 ↑	Burma (Myanmar)	73.9	2022	132	72.5
121 ↑	Tanzania	73.8	2022	131	72.9
122 ↓	Dominican Republic	73.5	2022	107	75.3
123 ↑	Mexico	73	2022	134	72.1
123 ↓	Equatorial Guinea	73	2022	82	78.1
125 ↑	Bolivia	72.8	2022	143	71
125 ↑	Turkmenistan	72.8	2021	153	68.7
127 ↓	Bhutan	72.7	2022	119	74.3
127 ↑	Honduras	72.7	2022	137	71.8
129 ↑	Moldova	72.4	2022	141	71.5
130 ↓	Brunei	72.3	2022	113	74.7
131 ↑	Nicaragua	72	2022	144	70.7
132 ↑	Tonga	71.9	2022	160	66.4
133 ↓	Laos	71.8	2022	117	74.5
134 ↓	Kuwait	71.7	2022	125	73.6
135 ↑	Sri Lanka	71.6	2022	139	71.6
136 ↓	Papua New Guinea	71.4	2022	134	72.1
136 ↓	Kyrgyzstan	71.4	2022	87	77.5
138 ↓	Ivory Coast	71.3	2022	113	74.7
139 ↑	Ukraine	71.2	2022	161	65.8
140 ↑	Malawi	71.1	2022	145	70.5
141 ↓	Uruguay	70.9	2022	132	72.5
141 ↑	Egypt	70.9	2022	165	64.3
143 ↓	Ghana	70.8	2022	138	71.7
144 ↓	Burundi	70.3	2022	113	74.7
145 ↑	Belarus	70.2	2022	148	70.2
146 ↓	India	70	2022	134	72.1
146 ↓	Nepal	70	2022	139	71.6
146 ↑	Bangladesh	70	2022	149	69.9
146 ↑	China	70	2022	150	69.8
146 ↑	Kazakhstan	70	2021	156	68.1
146 ↓	Macao	70	2020	125	73.6
152 ↑	Libya	69.7	2021	175	53.56
152 ↓	Guinea	69.7	2022	145	70.5
154 ↓	Djibouti	69.5	2022	147	70.4
155 ↓	Philippines	69.4	2022	153	68.7
156 ↓	Vietnam	68.8	2022	152	69
157 ↑	Russia	68	2022	159	67.3
158	Nigeria	67.5	2022	158	68
159 ↓	Tajikistan	67.1	2022	155	68.5
160 ↓	Sao Tome and Principe	67	2021	156	68.1
161 ↓	Zambia	66.4	2022	142	71.2
162 ↓	Pakistan	65.9	2022	151	69.7
163	Sierra Leone	65.1	2022	163	65.1
164 ↑	Gambia	64.1	2022	166	63.3
165 ↓	Turkey	61.9	2022	162	65.4
166 ↓	Cuba	61.8	2022	164	64.6
167 ↑	Liberia	61.7	2022	171	58.5
168	Uzbekistan	61.6	2022	168	59.9
169 ↑	Eritrea	61.5	2022	174	55
170	Syria	60.6	2021	170	58.8
171 ↑	Angola	59.6	2020	173	55.4
172 ↓	Suriname	58.4	2022	123	73.7
173 ↓	Ethiopia	57.7	2022	167	60.6
174 ↓	Haiti	56.2	2022	169	59.7
175 ↑	Yemen	54.6	2021	177	42.57
176	Democratic Republic of the Congo	49.6	2020	176	49.1
177 ↑	Iran	42.3	2022	178	42.1
178 ↓	Lebanon	41.1	2022	80	78.3
179	Argentina	37.9	2022	179	41.9
180	Zimbabwe	0	2022	180	0
180	North Korea	0	2022	180	0
180	Venezuela	0	2022	180	0

Definition of Monetary Freedom Index

The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.