The World’s Freest Economies, 2019

Hong Kong has been ranked the freest economy in the world by the Heritage Foundation based in Washington. Hong Kong has been ranked as the world’s freest economy since the Index was first published in 1995.

Globally and in the Asia-Pacific region, Hong Kong, Singapore and New Zealand are ranked first, second and third respectively. Switzerland is ranked 4th, while Australia is ranked 5th among the 180 countries and territories ranked by the index.

Cuba, Venezuela and North Korea are ranked 178th, 179th, and 180th respectively.

Six countries are not ranked in the 2019 index: Iraq, Libya, Liechtenstein, Somalia, Syria, and Yemen.

The World’s Freest Economies, 2019:

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