I’ve talked about the Index of Economic Freedom several times before at this blog. It’s a ranking of every country in the world based on how free they are. Factors include personal freedom, business freedom, government spending, taxation, property rights and so on.
The top five freest countries in the world based on this criteria are:
- Hong Kong
- New Zealand
There is also the Human Freedom Index which also ranks countries on how free they are, but this index uses personal freedom aspects as well as economic ones, such as free speech, freedom of religion, rule of law, freedom of movement, a free press, access to sound money, and so on.