Economic Freedom

South America Ranking

overall index (0-100)Source: IMF

Current Rank	Country	Value	Latest Reading	Previous Rank	Previous Value

1	Chile	74	2022	1	75
2	Uruguay	70	2022	2	69
3	Peru	67	2022	3	68
4 ↓	Colombia	65	2022	3	68
5	Paraguay	63	2022	5	63
6	Guyana	60	2022	6	57
7	Brazil	53	2022	7	53
8 ↓	Argentina	50	2022	7	53
9	Suriname	48	2022	9	46
10	Bolivia	43	2022	10	43
11	Venezuela	25	2022	11	25

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.