Index of Economic Freedom

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The purpose of the Index of Economic Freedom is to track economic freedom around the world. The Index is created by The Wall Street Journal and The Heritage Foundation.[1]


The index measures economic freedom via ten components, assigning a grade in each using a scale from 0 to 100, where 100 represents the maximum freedom. The ten component scores are then averaged to give an overall economic freedom score for each country. The ten components of economic freedom are:[1]

  • Business Freedom
  • Trade Freedom
  • Fiscal Freedom
  • Government Spending
  • Monetary Freedom
  • Investment Freedom
  • Financial Freedom
  • Property Rights
  • Freedom from Corruption
  • Labor Freedom


  1. 1.0 1.1 The Heritage Foundation. "Index of Economic Freedom", referenced 2011-06-2011.