Economic Freedom

Oceania Ranking

overall index (0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	New Zealand	81	2022	1	84
2	Australia	78	2022	2	82
3	Samoa	68	2022	3	62
4 ↑	Vanuatu	63	2022	5	61
5 ↑	Tonga	61	2022	7	58
6 ↑	Solomon Islands	57	2022	8	53
7 ↓	Fiji	56	2022	3	62
8 ↓	Papua New Guinea	55	2022	6	59
9	Micronesia	50	2021	9	52
10	Kiribati	44	2021	10	45

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.