Capitalist Countries

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 Area Population 2018 Growth Rate
United States9,372,610 km²326,766,7480.71%
Mexico1,964,375 km²130,759,0741.24%
Japan377,930 km²127,185,332-0.23%
Germany357,114 km²82,293,4570.22%
United Kingdom242,900 km²66,573,5040.59%
South Korea100,210 km²51,164,4350.36%
Colombia1,141,748 km²49,464,6830.81%
Spain505,992 km²46,397,4520.09%
Poland312,679 km²38,104,832-0.17%
Canada9,984,670 km²36,953,7650.90%
Peru1,285,216 km²32,551,8151.20%
Malaysia330,803 km²32,042,4581.32%
Australia7,692,024 km²24,772,2471.32%
Taiwan36,193 km²23,694,0890.29%
Romania238,391 km²19,580,634-0.50%
Kazakhstan2,724,900 km²18,403,8601.10%
Chile756,102 km²18,197,2090.79%
Netherlands41,850 km²17,084,4590.28%
Rwanda26,338 km²12,501,1562.40%
Belgium30,528 km²11,498,5190.61%
Czech Republic78,865 km²10,625,2500.07%
Sweden450,295 km²9,982,7090.73%
Jordan89,342 km²9,903,8022.08%
United Arab Emirates83,600 km²9,541,6151.50%
Austria83,871 km²8,751,8200.19%
Switzerland41,284 km²8,544,0340.80%
Israel20,770 km²8,452,8411.58%
Hong Kong1,104 km²7,428,8870.87%
Bulgaria110,879 km²7,036,848-0.67%
Singapore710 km²5,791,9011.45%
Denmark43,094 km²5,754,3560.36%
Finland338,424 km²5,542,5170.35%
Slovakia49,037 km²5,449,8160.04%
Norway323,802 km²5,353,3630.90%
Costa Rica51,100 km²4,953,1990.97%
Oman309,500 km²4,829,9464.18%
Ireland70,273 km²4,803,7480.88%
New Zealand270,467 km²4,749,5980.93%
Georgia69,700 km²3,907,131-0.13%
Uruguay181,034 km²3,469,5510.37%
Armenia29,743 km²2,934,1520.13%
Jamaica10,991 km²2,898,6770.29%
Lithuania65,300 km²2,876,475-0.48%
Qatar11,586 km²2,694,8492.11%
Botswana582,000 km²2,333,2011.81%
Macedonia25,713 km²2,085,0510.09%
Latvia64,559 km²1,929,938-1.01%
Bahrain765 km²1,566,9934.99%
Estonia45,227 km²1,306,788-0.22%
Mauritius2,040 km²1,268,3150.25%
Cyprus9,251 km²1,189,0850.81%
Macau30 km²632,4181.58%
Luxembourg2,586 km²590,3211.18%
Malta316 km²432,0890.29%
Bahamas13,943 km²399,2850.99%
Iceland103,000 km²337,7800.82%
Barbados430 km²286,3880.23%
Vanuatu12,189 km²282,1172.13%
Saint Lucia616 km²179,6670.46%