Capitalist Countries 2019

Capitalism is an ideology where the means of production is controlled by private business. This means that individual citizens run the economy without government interfering in production or pricing. Instead, pricing are set by the free market. This means that value is based on supply and demand and the relationship between producers and consumers.

This ideology is very different from socialism and communism, whereas the government takes control of the economy. The United States is one of the countries that has a capitalist economy, which many citizens see as an important part of democracy and building the “American Dream.” However, despite being one of the most well-known capitalist countries, the United States is not even in the top 10 list of most capitalistic countries, according to reports from The Heritage Foundation and Global Finance Magazine.

There are benefits and drawbacks to a capitalist economy. As far as the positive aspects, capitalism often drives the best products at the best prices. With capitalism, economic growth and innovation are also benefits. As far as drawbacks, capitalism has a few. One of the biggest drawbacks is that it does not provide for anyone that does not have skills. It also does not promote equality of opportunity. In short, some people may not get the opportunities that others receive.

Flag Name Population 2019 Area Growth Rate
United States329,064,9179,372,610 km²0.60%
Mexico127,575,5291,964,375 km²1.10%
Japan126,860,301377,930 km²-0.27%
Germany83,517,045357,114 km²0.47%
United Kingdom67,530,172242,900 km²0.58%
South Korea51,225,308100,210 km²0.10%
Colombia50,339,4431,141,748 km²1.37%
Spain46,736,776505,992 km²0.09%
Poland37,887,768312,679 km²-0.09%
Canada37,411,0479,984,670 km²0.91%
Peru32,510,4531,285,216 km²1.63%
Malaysia31,949,777330,803 km²1.34%
Australia25,203,1987,692,024 km²1.23%
Taiwan23,773,87636,193 km²0.20%
Romania19,364,557238,391 km²-0.73%
Chile18,952,038756,102 km²1.19%
Kazakhstan18,551,4272,724,900 km²1.27%
Netherlands17,097,13041,850 km²0.22%
Rwanda12,626,95026,338 km²2.64%
Belgium11,539,32830,528 km²0.50%
Czech Republic10,689,20978,865 km²0.22%
Jordan10,101,69489,342 km²1.37%
Sweden10,036,379450,295 km²0.65%
United Arab Emirates9,770,52983,600 km²1.45%
Austria8,955,10283,871 km²0.72%
Switzerland8,591,36541,284 km²0.77%
Israel8,519,37720,770 km²1.64%
Hong Kong7,436,1541,104 km²0.87%
Bulgaria7,000,119110,879 km²-0.73%
Singapore5,804,337710 km²0.81%
Denmark5,771,87643,094 km²0.34%
Finland5,532,156338,424 km²0.17%
Slovakia5,457,01349,037 km²0.07%
Norway5,378,857323,802 km²0.77%
Costa Rica5,047,56151,100 km²0.96%
Oman4,974,986309,500 km²3.01%
Ireland4,882,49570,273 km²1.32%
New Zealand4,783,063270,467 km²0.84%
Georgia3,996,76569,700 km²-0.15%
Uruguay3,461,734181,034 km²0.36%
Armenia2,957,73129,743 km²0.20%
Jamaica2,948,27910,991 km²0.46%
Qatar2,832,06711,586 km²1.81%
Lithuania2,759,62765,300 km²-1.49%
Botswana2,303,697582,000 km²2.20%
Macedonia2,083,45925,713 km²0.02%
Latvia1,906,74364,559 km²-1.13%
Bahrain1,641,172765 km²4.57%
Estonia1,325,64845,227 km²0.21%
Mauritius1,269,6682,040 km²0.20%
Cyprus1,198,5759,251 km²0.78%
Macau640,44530 km²1.39%
Luxembourg615,7292,586 km²1.90%
Malta440,372316 km²0.26%
Bahamas389,48213,943 km²1.00%
Iceland339,031103,000 km²0.69%
Vanuatu299,88212,189 km²2.46%
Barbados287,025430 km²0.13%
Saint Lucia182,790616 km²0.50%