Financial freedom - Country rankings
* indicates monthly or quarterly data series
Financial freedom index (0-100), 2026:
The average for 2026 based on 41 countries was 64 points. The highest value was in Denmark: 80 points and the lowest value was in Belarus: 20 points. The indicator is available from 1995 to 2026. Below is a chart for all countries where data are available.Measure: points; Source: The Heritage Foundation
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* indicates monthly or quarterly data series
| Countries | Financial freedom, 2026 | Global rank | Available data |
|---|---|---|---|
| Denmark | 80 | 1 | 1996 - 2026 |
| Finland | 80 | 2 | 1996 - 2026 |
| Liechtenstein | 80 | 3 | 2013 - 2026 |
| Luxembourg | 80 | 4 | 1996 - 2026 |
| Netherlands | 80 | 5 | 1996 - 2026 |
| Poland | 80 | 6 | 1995 - 2026 |
| Sweden | 80 | 7 | 1995 - 2026 |
| Switzerland | 80 | 8 | 1996 - 2026 |
| UK | 80 | 9 | 1995 - 2026 |
| Austria | 70 | 10 | 1995 - 2026 |
| Belgium | 70 | 11 | 1996 - 2026 |
| Czechia | 70 | 12 | 1995 - 2026 |
| Estonia | 70 | 13 | 1995 - 2026 |
| France | 70 | 14 | 1995 - 2026 |
| Germany | 70 | 15 | 1995 - 2026 |
| Hungary | 70 | 16 | 1995 - 2026 |
| Iceland | 70 | 17 | 1997 - 2026 |
| Ireland | 70 | 18 | 1995 - 2026 |
| Lithuania | 70 | 19 | 1996 - 2026 |
| Slovakia | 70 | 20 | 1995 - 2026 |
| Albania | 60 | 21 | 1995 - 2026 |
| Bosnia & Herz. | 60 | 22 | 1998 - 2026 |
| Croatia | 60 | 23 | 1996 - 2026 |
| Cyprus | 60 | 24 | 1996 - 2026 |
| Italy | 60 | 25 | 1995 - 2026 |
| Latvia | 60 | 26 | 1996 - 2026 |
| North Macedonia | 60 | 27 | 2002 - 2026 |
| Norway | 60 | 28 | 1996 - 2026 |
| Portugal | 60 | 29 | 1995 - 2026 |
| Romania | 60 | 30 | 1995 - 2026 |
| Spain | 60 | 31 | 1995 - 2026 |
| Turkey | 60 | 32 | 1995 - 2026 |
| Bulgaria | 50 | 33 | 1995 - 2026 |
| Greece | 50 | 34 | 1995 - 2026 |
| Malta | 50 | 35 | 1995 - 2026 |
| Moldova | 50 | 36 | 1995 - 2026 |
| Montenegro | 50 | 37 | 2002 - 2026 |
| Serbia | 50 | 38 | 2002 - 2026 |
| Slovenia | 50 | 39 | 1996 - 2026 |
| Russia | 30 | 40 | 1995 - 2026 |
| Belarus | 20 | 41 | 1995 - 2026 |
Definition: 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.
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Financial freedom around the world Financial freedom in Asia Financial freedom in Africa Financial freedom in North America Financial freedom in South America Financial freedom in Australia/Oceania Financial freedom in the European union Financial freedom in Sub Sahara Africa Financial freedom in MENA Financial freedom in South East Asia Financial freedom in Latin America