<P> The Index of Economic Freedom is an annual index and ranking created in 1995 by The Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom in the world's nations . The creators of the index took an approach similar to Adam Smith's in The Wealth of Nations, that "basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society". </P> <P> Key: █ █ Free (80--100) █ █ Mostly Free (70--79.9) █ █ Moderately Free (60--69.9) █ █ Mostly Unfree (50--59.9) █ █ Repressed (0--49.9) </P> <Table> <Tr> <Th> Country </Th> <Th> Score </Th> <Th> Change </Th> </Tr> <Tr> <Td> Hong Kong </Td> <Td> 90.2 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Singapore </Td> <Td> 88.8 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> New Zealand </Td> <Td> 84.2 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Switzerland </Td> <Td> 81.7 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Australia </Td> <Td> 80.9 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Ireland </Td> <Td> 80.4 </Td> <Td> 3.7 </Td> </Tr> <Tr> <Td> Estonia </Td> <Td> 78.8 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> United Kingdom </Td> <Td> 78.0 </Td> <Td> 1.6 </Td> </Tr> <Tr> <Td> Canada </Td> <Td> 77.7 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> United Arab Emirates </Td> <Td> 77.6 </Td> <Td> 0.7 </Td> </Tr> <Tr> <Td> Iceland </Td> <Td> 77.0 </Td> <Td> 2.6 </Td> </Tr> <Tr> <Td> Denmark </Td> <Td> 76.6 </Td> <Td> 1.5 </Td> </Tr> <Tr> <Td> Taiwan </Td> <Td> 76.6 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Luxembourg </Td> <Td> 76.4 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Sweden </Td> <Td> 76.3 </Td> <Td> 1.4 </Td> </Tr> <Tr> <Td> Georgia </Td> <Td> 76.2 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Netherlands </Td> <Td> 76.2 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> United States </Td> <Td> 75.7 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> Lithuania </Td> <Td> 75.3 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Chile </Td> <Td> 75.2 </Td> <Td> 1.3 </Td> </Tr> <Tr> <Td> Mauritius </Td> <Td> 75.1 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Malaysia </Td> <Td> 74.5 </Td> <Td> 0.7 </Td> </Tr> <Tr> <Td> Norway </Td> <Td> 74.3 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> Czech Republic </Td> <Td> 74.2 </Td> <Td> 0.9 </Td> </Tr> <Tr> <Td> Germany </Td> <Td> 74.2 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Finland </Td> <Td> 74.1 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> South Korea </Td> <Td> 73.8 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Latvia </Td> <Td> 73.6 </Td> <Td> 1.2 </Td> </Tr> <Tr> <Td> Qatar </Td> <Td> 72.6 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Japan </Td> <Td> 72.3 </Td> <Td> 2.7 </Td> </Tr> <Tr> <Td> Israel </Td> <Td> 72.2 </Td> <Td> 2.5 </Td> </Tr> <Tr> <Td> Austria </Td> <Td> 71.8 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Macedonia </Td> <Td> 71.3 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> Macau </Td> <Td> 70.9 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Botswana </Td> <Td> 69.9 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Vanuatu </Td> <Td> 69.5 </Td> <Td> 2.1 </Td> </Tr> <Tr> <Td> Romania </Td> <Td> 69.4 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> Uruguay </Td> <Td> 69.2 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Rwanda </Td> <Td> 69.1 </Td> <Td> 1.5 </Td> </Tr> <Tr> <Td> Jamaica </Td> <Td> 69.1 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Kazakhstan </Td> <Td> 69.1 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Colombia </Td> <Td> 68.9 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Peru </Td> <Td> 68.7 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Armenia </Td> <Td> 68.7 </Td> <Td> 1.6 </Td> </Tr> <Tr> <Td> Poland </Td> <Td> 68.5 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Malta </Td> <Td> 68.5 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Bulgaria </Td> <Td> 68.3 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Cyprus </Td> <Td> 67.8 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Saint Vincent and the Grenadines </Td> <Td> 67.7 </Td> <Td> 2.5 </Td> </Tr> <Tr> <Td> Bahrain </Td> <Td> 67.7 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Saint Lucia </Td> <Td> 67.6 </Td> <Td> 2.6 </Td> </Tr> <Tr> <Td> Belgium </Td> <Td> 67.5 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> Thailand </Td> <Td> 67.1 </Td> <Td> 0.9 </Td> </Tr> <Tr> <Td> Panama </Td> <Td> 67.0 </Td> <Td> 0.7 </Td> </Tr> <Tr> <Td> Hungary </Td> <Td> 66.7 </Td> <Td> 0.9 </Td> </Tr> <Tr> <Td> Kosovo </Td> <Td> 66.6 </Td> <Td> 1.3 </Td> </Tr> <Tr> <Td> Costa Rica </Td> <Td> 65.6 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> Turkey </Td> <Td> 65.4 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Slovakia </Td> <Td> 65.3 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Spain </Td> <Td> 65.1 </Td> <Td> 1.5 </Td> </Tr> <Tr> <Td> Philippines </Td> <Td> 65.0 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> Jordan </Td> <Td> 64.9 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> Mexico </Td> <Td> 64.8 </Td> <Td> 1.2 </Td> </Tr> <Tr> <Td> Slovenia </Td> <Td> 64.8 </Td> <Td> 5.6 </Td> </Tr> <Tr> <Td> Albania </Td> <Td> 64.5 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Dominica </Td> <Td> 64.5 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Azerbaijan </Td> <Td> 64.3 </Td> <Td> 0.7 </Td> </Tr> <Tr> <Td> Montenegro </Td> <Td> 64.3 </Td> <Td> 2.3 </Td> </Tr> <Tr> <Td> Indonesia </Td> <Td> 64.2 </Td> <Td> 2.3 </Td> </Tr> <Tr> <Td> Brunei Darussalam </Td> <Td> 64.2 </Td> <Td> 5.6 </Td> </Tr> <Tr> <Td> France </Td> <Td> 63.9 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> Portugal </Td> <Td> 63.4 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Guatemala </Td> <Td> 63.4 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> The Bahamas </Td> <Td> 63.3 </Td> <Td> 2.2 </Td> </Tr> <Tr> <Td> El Salvador </Td> <Td> 63.2 </Td> <Td> 0.9 </Td> </Tr> <Tr> <Td> Tonga </Td> <Td> 63.1 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> South Africa </Td> <Td> 63.0 </Td> <Td> 0.7 </Td> </Tr> <Tr> <Td> Kyrgyzstan </Td> <Td> 62.8 </Td> <Td> 1.7 </Td> </Tr> <Tr> <Td> Italy </Td> <Td> 62.5 </Td> <Td> 0.0 </Td> </Tr> <Tr> <Td> Serbia </Td> <Td> 62.5 </Td> <Td> 3.6 </Td> </Tr> <Tr> <Td> Kuwait </Td> <Td> 62.2 </Td> <Td> 2.9 </Td> </Tr> <Tr> <Td> Paraguay </Td> <Td> 62.1 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> Uganda </Td> <Td> 62.0 </Td> <Td> 1.1 </Td> </Tr> <Tr> <Td> Fiji </Td> <Td> 62.0 </Td> <Td> 1.4 </Td> </Tr> <Tr> <Td> Ivory Coast </Td> <Td> 62.0 </Td> <Td> 1.0 </Td> </Tr> <Tr> <Td> Morocco </Td> <Td> 61.9 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Bhutan </Td> <Td> 61.8 </Td> <Td> 3.4 </Td> </Tr> <Tr> <Td> Seychelles </Td> <Td> 61.6 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Dominican Republic </Td> <Td> 61.6 </Td> <Td> 1.3 </Td> </Tr> <Tr> <Td> Samoa </Td> <Td> 61.6 </Td> <Td> 3.1 </Td> </Tr> <Tr> <Td> Bosnia and Herzegovina </Td> <Td> 61.4 </Td> <Td> 1.2 </Td> </Tr> <Tr> <Td> Croatia </Td> <Td> 61.0 </Td> <Td> 1.6 </Td> </Tr> <Tr> <Td> Oman </Td> <Td> 61.0 </Td> <Td> 1.1 </Td> </Tr> <Tr> <Td> Honduras </Td> <Td> 60.6 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> Burkina Faso </Td> <Td> 60.0 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Cabo Verde </Td> <Td> 60.0 </Td> <Td> 3.1 </Td> </Tr> <Tr> <Td> Tanzania </Td> <Td> 59.9 </Td> <Td> 1.3 </Td> </Tr> <Tr> <Td> Saudi Arabia </Td> <Td> 59.6 </Td> <Td> 4.8 </Td> </Tr> <Tr> <Td> Tunisia </Td> <Td> 58.9 </Td> <Td> 3.2 </Td> </Tr> <Tr> <Td> Nicaragua </Td> <Td> 58.9 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> Cambodia </Td> <Td> 58.7 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Guyana </Td> <Td> 58.7 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Namibia </Td> <Td> 58.5 </Td> <Td> 4.0 </Td> </Tr> <Tr> <Td> Nigeria </Td> <Td> 58.5 </Td> <Td> 1.4 </Td> </Tr> <Tr> <Td> Moldova </Td> <Td> 58.4 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Tajikistan </Td> <Td> 58.3 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Russia </Td> <Td> 58.2 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Belarus </Td> <Td> 58.1 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Gabon </Td> <Td> 58.0 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> China </Td> <Td> 57.8 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Sri Lanka </Td> <Td> 57.8 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Trinidad and Tobago </Td> <Td> 57.7 </Td> <Td> 3.5 </Td> </Tr> <Tr> <Td> Mali </Td> <Td> 57.6 </Td> <Td> 1.0 </Td> </Tr> <Tr> <Td> Solomon Islands </Td> <Td> 57.5 </Td> <Td> 2.5 </Td> </Tr> <Tr> <Td> Greece </Td> <Td> 57.3 </Td> <Td> 2.3 </Td> </Tr> <Tr> <Td> Belize </Td> <Td> 57.1 </Td> <Td> 1.5 </Td> </Tr> <Tr> <Td> Barbados </Td> <Td> 57.0 </Td> <Td> 2.5 </Td> </Tr> <Tr> <Td> Guinea - Bissau </Td> <Td> 56.9 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Madagascar </Td> <Td> 56.8 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> Benin </Td> <Td> 56.7 </Td> <Td> 2.5 </Td> </Tr> <Tr> <Td> Comoros </Td> <Td> 56.2 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Ghana </Td> <Td> 56.0 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Swaziland </Td> <Td> 55.9 </Td> <Td> 5.2 </Td> </Tr> <Tr> <Td> Haiti </Td> <Td> 55.8 </Td> <Td> 6.2 </Td> </Tr> <Tr> <Td> Mongolia </Td> <Td> 55.7 </Td> <Td> 0.9 </Td> </Tr> <Tr> <Td> Senegal </Td> <Td> 55.7 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Papua New Guinea </Td> <Td> 55.7 </Td> <Td> 4.8 </Td> </Tr> <Tr> <Td> Bangladesh </Td> <Td> 55.1 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Kenya </Td> <Td> 54.7 </Td> <Td> 1.2 </Td> </Tr> <Tr> <Td> India </Td> <Td> 54.5 </Td> <Td> 1.9 </Td> </Tr> <Tr> <Td> Pakistan </Td> <Td> 54.4 </Td> <Td> 1.6 </Td> </Tr> <Tr> <Td> Zambia </Td> <Td> 54.3 </Td> <Td> 1.5 </Td> </Tr> <Tr> <Td> Nepal </Td> <Td> 54.1 </Td> <Td> 1.0 </Td> </Tr> <Tr> <Td> Mauritania </Td> <Td> 54.0 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Myanmar </Td> <Td> 53.9 </Td> <Td> 1.4 </Td> </Tr> <Tr> <Td> Lesotho </Td> <Td> 53.9 </Td> <Td> 0.0 </Td> </Tr> <Tr> <Td> São Tomé and Príncipe </Td> <Td> 53.6 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> Laos </Td> <Td> 53.6 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Egypt </Td> <Td> 53.4 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Lebanon </Td> <Td> 53.2 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Vietnam </Td> <Td> 53.1 </Td> <Td> 0.7 </Td> </Tr> <Tr> <Td> Ethiopia </Td> <Td> 52.8 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Micronesia </Td> <Td> 52.3 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> Argentina </Td> <Td> 52.3 </Td> <Td> 1.9 </Td> </Tr> <Tr> <Td> The Gambia </Td> <Td> 52.3 </Td> <Td> 1.1 </Td> </Tr> <Tr> <Td> Guinea </Td> <Td> 52.2 </Td> <Td> 4.6 </Td> </Tr> <Tr> <Td> Congo - Kinshasa </Td> <Td> 52.2 </Td> <Td> 4.3 </Td> </Tr> <Tr> <Td> Malawi </Td> <Td> 52.1 </Td> <Td> 0.2 </Td> </Tr> <Tr> <Td> Cameroon </Td> <Td> 52.0 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Ukraine </Td> <Td> 51.9 </Td> <Td> 3.8 </Td> </Tr> <Tr> <Td> Sierra Leone </Td> <Td> 51.8 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Uzbekistan </Td> <Td> 51.5 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Brazil </Td> <Td> 51.4 </Td> <Td> 1.5 </Td> </Tr> <Tr> <Td> Afghanistan </Td> <Td> 51.1 </Td> <Td> 2.4 </Td> </Tr> <Tr> <Td> Maldives </Td> <Td> 51.1 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Iran </Td> <Td> 50.0 </Td> <Td> 0.4 </Td> </Tr> <Tr> <Td> Burundi </Td> <Td> 50.9 </Td> <Td> 2.3 </Td> </Tr> <Tr> <Td> Liberia </Td> <Td> 50.9 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> Kiribati </Td> <Td> 50.8 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Niger </Td> <Td> 49.5 </Td> <Td> 1.3 </Td> </Tr> <Tr> <Td> Sudan </Td> <Td> 49.4 </Td> <Td> 0.6 </Td> </Tr> <Tr> <Td> Chad </Td> <Td> 49.3 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> Central African Republic </Td> <Td> 49.2 </Td> <Td> 2.6 </Td> </Tr> <Tr> <Td> Angola </Td> <Td> 48.6 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Ecuador </Td> <Td> 48.5 </Td> <Td> 0.8 </Td> </Tr> <Tr> <Td> Suriname </Td> <Td> 48.1 </Td> <Td> 0.1 </Td> </Tr> <Tr> <Td> Timor - Leste </Td> <Td> 48.1 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> Togo </Td> <Td> 47.8 </Td> <Td> 5.4 </Td> </Tr> <Tr> <Td> Turkmenistan </Td> <Td> 47.1 </Td> <Td> 0.3 </Td> </Tr> <Tr> <Td> Mozambique </Td> <Td> 46.3 </Td> <Td> 3.6 </Td> </Tr> <Tr> <Td> Djibouti </Td> <Td> 45.1 </Td> <Td> 1.6 </Td> </Tr> <Tr> <Td> Algeria </Td> <Td> 44.7 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> Bolivia </Td> <Td> 44.1 </Td> <Td> 3.6 </Td> </Tr> <Tr> <Td> Zimbabwe </Td> <Td> 44.0 </Td> <Td> 0.0 </Td> </Tr> <Tr> <Td> Equatorial Guinea </Td> <Td> 42.0 </Td> <Td> 3.0 </Td> </Tr> <Tr> <Td> Eritrea </Td> <Td> 41.7 </Td> <Td> 0.5 </Td> </Tr> <Tr> <Td> Congo - Brazzaville </Td> <Td> 38.9 </Td> <Td> 1.1 </Td> </Tr> <Tr> <Td> Cuba </Td> <Td> 31.9 </Td> <Td> 2.0 </Td> </Tr> <Tr> <Td> Venezuela </Td> <Td> 25.2 </Td> <Td> 1.8 </Td> </Tr> <Tr> <Td> North Korea </Td> <Td> 5.8 </Td> <Td> 0.9 </Td> </Tr> </Table> <Tr> <Th> Country </Th> <Th> Score </Th> <Th> Change </Th> </Tr>

India's rank in 2018 index of economic freedom