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.

Country Economic Freedom Rank Economic Freedom Score Population 2019
Hong Kong190.27,436,154
Singapore289.45,804,337
New Zealand384.44,783,063
Switzerland481.98,591,365
Australia580.925,203,198
Ireland680.54,882,495
United Kingdom778.967,530,172
Canada877.737,411,047
United Arab Emirates977.69,770,529
Taiwan1077.323,773,876
Iceland1177.1339,031
United States1276.8329,064,917
Netherlands1376.817,097,130
Denmark1476.75,771,876
Estonia1576.61,325,648
Georgia1675.93,996,765
Luxembourg1775.9615,729
Chile1875.418,952,038
Sweden1975.210,036,379
Finland2074.95,532,156
Lithuania2174.22,759,627
Malaysia227431,949,777
Czech Republic2373.710,689,209
Germany2473.583,517,045
Mauritius25731,269,668
Norway26735,378,857
Israel2772.88,519,377
Qatar2872.62,832,067
South Korea2972.351,225,308
Japan3072.1126,860,301
Austria31728,955,102
Rwanda3271.112,626,950
Macedonia3371.12,083,459
Macau3471640,445
Latvia3570.41,906,743
Botswana3669.52,303,697
Bulgaria37697,000,119
Saint Lucia3868.7182,790
Jamaica3968.62,948,279
Uruguay4068.63,461,734
Malta4168.6440,372
Romania4268.619,364,557
Thailand4368.369,625,582
Cyprus4468.11,198,575
Peru4567.832,510,453
Poland4667.837,887,768
Armenia4767.72,957,731
Belgium4867.311,539,328
Colombia4967.350,339,443
Panama5067.24,246,439
Albania5266.52,880,917
Jordan5366.510,101,694
Bahrain5466.41,641,172
Saint Vincent And The Grenadines5565.8110,589
Indonesia5665.8270,625,568
Spain5765.746,736,776
Slovenia5865.52,078,654
Kazakhstan5965.418,551,427
Azerbaijan6065.410,047,718
Costa Rica6165.35,047,561
Portugal6265.310,226,187
Brunei6365.1433,285
Hungary64659,684,679
Slovakia65655,457,013
Mexico6664.7127,575,529
Barbados6764.7287,025
Turkey6864.683,429,615
Serbia6963.98,772,235
Philippines7063.8108,116,615
France7163.865,129,728
Dominica7263.671,808
Cape Verde7363.1549,935
Bhutan7462.9763,092
Morocco7562.936,471,769
Guatemala7762.617,581,472
Ivory Coast7862.425,716,544
Kyrgyzstan7962.36,415,850
Italy8062.260,550,075
Fiji8162.2889,953
Samoa8262.2197,097
Bosnia And Herzegovina8361.93,301,000
El Salvador8461.86,453,553
Paraguay8561.87,044,636
Croatia8661.44,130,304
Seychelles8761.497,739
Oman88614,974,986
Dominican Republic896110,738,958
Kuwait9060.84,207,083
Saudi Arabia9160.734,268,528
Montenegro9260.5627,987
Honduras9360.29,746,117
Tanzania9460.258,005,463
Uganda9559.744,269,594
Burkina Faso9659.420,321,378
Moldova9759.14,043,263
Russia9858.9145,872,256
Namibia9958.72,494,530
China10058.41,433,783,686
Papua New Guinea10158.48,776,109
South Africa10258.358,558,270
Mali10358.119,658,031
Belarus10457.99,452,411
Cambodia10557.816,486,542
Greece10657.710,473,455
Nicaragua10757.76,545,502
Tonga10857.7104,494
Ghana10957.530,417,856
Laos11057.47,169,455
Nigeria11157.3200,963,599
Trinidad And Tobago112571,394,973
Guyana11356.8782,766
Madagascar11456.626,969,307
Sri Lanka11556.421,323,733
Vanuatu11656.4299,882
Senegal11756.316,296,364
Gabon11856.32,172,579
Mauritania11955.74,525,696
Guinea12055.712,771,246
Bangladesh12155.6163,046,161
Tajikistan12255.69,321,018
Belize12355.4390,353
Comoros12455.4850,886
Tunisia12555.411,694,719
Mongolia12655.43,225,167
Benin12755.311,801,151
Vietnam12855.396,462,106
India12955.21,366,417,754
Kenya13055.152,573,973
Pakistan13155216,565,318
Swaziland13254.71,148,130
Solomon Islands13354.6669,823
Sao Tome And Principe13454215,056
Guinea Bissau135541,920,922
Nepal13653.828,608,710
Ethiopia13753.6112,078,730
Zambia13853.617,861,030
Myanmar13953.654,045,420
Uzbekistan14053.332,981,716
Maldives14153.2530,953
Lesotho14253.12,125,268
Haiti14352.711,263,077
Egypt14452.5100,388,073
Cameroon14552.425,876,380
Gambia14652.42,347,706
Ukraine14752.343,993,638
Argentina14852.244,780,677
Micronesia14951.9113,815
Brazil15051.9211,049,527
Niger15151.623,310,715
Afghanistan15251.538,041,754
Malawi15351.418,628,747
Lebanon15451.16,855,713
Iran15551.182,913,906
Angola15650.631,825,295
Dr Congo15750.386,790,567
Togo15850.38,082,366
Chad15949.915,946,876
Liberia16049.74,937,374
Central African Republic16149.14,745,185
Burundi16248.911,530,580
Mozambique16348.630,366,036
Turkmenistan16448.45,942,089
Suriname16548.1581,372
Sudan16647.742,813,238
Sierra Leone16747.57,813,215
Kiribati16847.3117,606
Djibouti16947.1973,560
Ecuador17046.917,373,662
Algeria17146.243,053,054
Timor Leste17244.21,293,119
Bolivia17342.311,513,100
Equatorial Guinea174411,355,986
Zimbabwe17540.414,645,468
Republic Of The Congo17639.75,380,508
Eritrea17738.93,497,117
Cuba17827.811,333,483
Venezuela17925.928,515,829
North Korea1805.925,666,161