Fiscal Freedom Index

South America Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1 ↑	Uruguay	75	2022	4	73
1 ↑	Chile	75	2022	6	72
3	Peru	73	2022	3	79
4	Venezuela	71	2021	4	73
5 ↑	Suriname	70	2021	7	71
5 ↑	Brazil	70	2021	8	70
7 ↓	Paraguay	69	2022	1	96
8 ↑	Guyana	67	2022	11	65
9 ↓	Colombia	57	2022	8	70
10 ↓	Argentina	17	2022	8	70
11 ↓	Bolivia	11	2022	2	85

Definition of Fiscal Freedom Index

The Fiscal freedom index measures the tax burden imposed by government. It is composed of three quantitative factors: the top marginal tax rate on individual income, the top marginal tax rate on corporate income, and the total tax burden as a percentage of GDP.