The Freedom and Prosperity Indexes

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The indexes rank 164 countries around the world according to their levels of freedom and prosperity. Use our award-winning site to explore 28 years of data, compare countries and regions, and examine the sub-indexes and indicators that comprise our indexes.

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Annual Report

The Path to Prosperity The 2024 Freedom and Prosperity Indexes

In this “year of election,” freedom continues to decline globally. Political rights, judicial independence, and checks and balances are eroding. Prosperity growth has slowed, particularly in developing countries. The data underscores a strong link between freedom and prosperity, highlighting the need for data-driven policy reforms.

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2024 Atlas: Freedom and Prosperity Around the World

Twenty leading economists and government officials from eighteen countries contributed to this comprehensive volume, which serves as a roadmap for navigating the complexities of contemporary governance. 

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Publications

Report

Mar 15, 2024

Attracting foreign direct investments

By Jérémie Bertrand, Joseph Lemoine, Dan Negrea, and Caroline Perrin

Foreign direct investment (FDI) is a pivotal objective for countries seeking to bolster their economic development and global competitiveness. By delving into the relationship between freedom and FDI using the Freedom and Prosperity Indexes and examining institutional mechanisms to influence investment, we shed light on the dynamics that determine a country’s attractiveness to foreign investors.

Economy & Business Freedom and Prosperity

Freedom and Prosperity Around the World

Feb 26, 2024

Chile struggles with economic stagnation

By Andrés Velasco

Chile grapples with economic slowdown and political polarization. Growth has stalled, and trust in democratic institutions has waned as parties have multiplied. Despite failed attempts to rewrite the constitution, polarization persists, complicating Chile’s political future.

Economy & Business Freedom and Prosperity

Freedom and Prosperity Around the World

Feb 26, 2024

Mexico’s vital institutions face decline

By Vanessa Rubio-Márquez

Mexico’s institutions are vital for freedoms, but face decline. To advance, it needs strong governance, growth, and redistribution. Despite potential growth from favorable conditions, risks persist. Strengthening governance and productivity is crucial for prosperity.

Economy & Business Freedom and Prosperity

Freedom and Prosperity Around the World

Feb 26, 2024

Egypt grapples with political uncertainty under El-Sisi

By Rabah Arezki

Egypt faces economic challenges with heavy debt and political unrest. President Abdel Fattah El-Sisi’s reelection may not prompt reforms, exacerbating inflation and currency devaluation. Gulf aid hinges on reforms, while militarization impedes change. Regional tensions heighten instability risks.

Conflict Elections

Freedom and Prosperity Around the World

Feb 26, 2024

Saudi Arabia’s economic shifts under MBS raise stability concerns

By Rabah Arezki

Saudi Arabia’s economic transformation under MBS maintains political control, risking instability amid regional conflicts. Reliance on public funds for investments may falter as the world shifts from fossil fuels, and demands for political freedom grow.

Economy & Business Freedom and Prosperity

Freedom and Prosperity Around the World

Feb 26, 2024

Rising US public debt threatens economic freedom

By Edward Glaeser

US public debt has surged, posing risks to economic freedom. Despite stability expectations, reforms are needed, like deregulating small businesses and improving urban schools. However, political polarization and the dominance of identity politics hinder progress towards these goals.

Economy & Business Education

Freedom and Prosperity Around the World

Feb 26, 2024

India’s political freedom is at risk

By Pratap Bhanu Mehta

Political freedom in India is declining, with potential for further erosion if the current government remains. Economic prospects are cautiously optimistic, but regional disparities persist, posing challenges to democracy. India’s federal structure may both check centralization and fuel political conflict.

Fiscal and Structural Reform Freedom and Prosperity

Freedom and Prosperity Around the World

Feb 26, 2024

Pakistan faces urgent need for comprehensive reforms to spur long-term growth and stability

By Ali Cheema

Pakistan needs extensive economic and institutional reforms to boost long-term growth and prosperity. These reforms involve improving property rights, increasing public investment in education and health, and addressing political polarization. A new political settlement is necessary to foster stability and enable these reforms.

Freedom and Prosperity Inclusive Growth

Freedom and Prosperity Around the World

Feb 26, 2024

Stabilizing revenue will lead Kenya to greater prosperity

By Robert Mudida

Kenya aims to grow manufacturing and GDP via the African Continental Free Trade Area. Formalizing informal jobs stabilizes revenue. Expanding global value chains, especially in tourism, boosts growth. Institutional reform is key for lasting prosperity.

Africa East Africa

Freedom and Prosperity Around the World

Feb 26, 2024

South Africa needs political change to meet economic demands

By Greg Mills

South Africa’s future hinges on political changes, especially the potential shift to a coalition government in the 2024 election. Economic challenges, including rising debt, demand urgent reforms. Global alliances, notably with BRICS and China, affect trade dynamics, emphasizing the need for diversification.

Africa Elections

Freedom and Prosperity Around the World

Feb 26, 2024

China’s authoritarian trend meets resistance in East Asia and the Pacific

By Kelley E. Currie

China’s influence shapes political and economic dynamics in East Asia and the Pacific. Despite resistance, its practices hinder freedom across the region. Youth movements demand responsive systems. Weak institutions and challenges like inequality persist, requiring diversified economic strategies and strengthened democracies to navigate regional complexities.

China Democratic Transitions

Freedom and Prosperity Around the World

Feb 26, 2024

China must spread its wealth to reach equality

By Johanna Kao

Despite phenomenal growth in GDP, Chinese people have seen only modest gains (if any) across a range of freedom and prosperity indices. The Chinese Communist Party has failed to share the benefits of the country’s upward economic trajectory equally among its citizens.

China Civil Society

Freedom and Prosperity Around the World

Feb 26, 2024

Climate crisis fuels change in MENA region

By Rabah Arezki

The region faces economic and political transitions amid geopolitical risks, climate change, and energy market shifts. Escalating conflicts are exacerbating instability. Climate change poses existential threats, intensifying water crises and domestic tensions. Socioeconomic transformation will be vital to meet youth aspirations and tackle polarization.

Climate Change & Climate Action Economy & Business

Freedom and Prosperity Around the World

Feb 26, 2024

EU’s future prosperity will be marked by war in Ukraine

By Simeon Djankov

The EU’s freedom and prosperity dynamics will be marked by the war in Ukraine. The indexes provoke philosophical reflection: Is Europe’s prosperity dwindling due to an extensive social safety net? Is the strength of European integration declining with new members, while the strength of EU federalism diminishes?

Europe & Eurasia European Union

Freedom and Prosperity Around the World

Feb 26, 2024

Sub-Saharan Africa grapples with development imperatives

By William Easterly

Sub-Saharan Africa confronts urgent development challenges, including the imperative for democratization and institution building, amid critical security concerns. With declining foreign support and China’s Belt and Road Initiative rising, worries arise over debt and politicized financing. Despite potential through regional integration, diverse political interests and institutional weaknesses remain obstacles.

Africa Democratic Transitions
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About the program

The Freedom and Prosperity Center aims to increase the prosperity of the poor and marginalized in developing countries and to explore the nature of the relationship between freedom and prosperity in both developing and developed nations.

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