Economic Freedom

North America Ranking

overall index (0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Canada	77	2022	1	78
2	United States	72	2022	2	75
3 ↑	Costa Rica	65	2022	5	64
3	Panama	65	2022	3	66
5 ↓	Mexico	64	2022	3	66
6 ↓	Guatemala	63	2022	5	64
7	El Salvador	60	2022	7	61
7 ↑	Honduras	60	2022	8	60
9	Nicaragua	55	2022	9	56
10	Ecuador	54	2022	10	52

Definition of Economic Freedom

The Overall index of economic freedom has ten components grouped into four broad categories: Rule of Law; Limited Government; Regulatory Efficiency and Open Markets. The overall economic freedom is scored on a scale of 0 to 100, where 100 represents the maximum freedom.