Monetary Freedom Index

Oceania Ranking

(0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1 ↑	Micronesia	84.3	2022	4	82.1
2	Australia	83.2	2022	2	86.7
3 ↓	New Zealand	81.8	2022	1	86.9
4 ↑	Samoa	81.4	2022	6	79.5
5 ↓	Kiribati	80.7	2022	3	82.5
6 ↓	Solomon Islands	79	2022	5	80.6
7 ↑	Fiji	74.9	2022	8	74.9
8 ↓	Vanuatu	74.6	2020	7	75
9 ↑	Tonga	71.9	2022	10	66.4
10 ↓	Papua New Guinea	71.4	2022	9	72.1

Definition of Monetary Freedom Index

The score for the Monetary freedom index is based on two factors: the weighted average inflation rate for the most recent three years and price controls. Higher index values denote price stability without microeconomic intervention.