Market Economy Countries 2025

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Market Economy

Yes

No

Market Economy

26
139
Country
Market Economy
Economic Freedom Score 2023
United StatesYes8.14
JapanYes7.79
GermanyYes7.73
United KingdomYes8.01
SpainYes7.52
CanadaYes7.98
AustraliaYes8.05
TaiwanYes7.97
RomaniaYes7.7
Czech RepublicYes7.81
SwitzerlandYes8.47
Hong KongYes8.55
DenmarkYes8.1
SingaporeYes8.56
FinlandYes7.81
IrelandYes8.11
New ZealandYes8.43
GeorgiaYes7.71
ArmeniaYes7.58
LithuaniaYes7.95
LatviaYes7.71
CyprusYes7.57
EstoniaYes7.95
MauritiusYes7.82
MaltaYes7.73
IcelandYes7.93
IndiaNo6.62
ChinaNo6.18
IndonesiaNo6.93
PakistanNo5.98
NigeriaNo6.67
BrazilNo6.58
BangladeshNo5.81
RussiaNo6.28
EthiopiaNo5.44
MexicoNo7.02
EgyptNo5.47
PhilippinesNo7.01
DR CongoNo5.33
VietnamNo6.26
IranNo4.53
TurkeyNo6.32
ThailandNo7.07
TanzaniaNo6.27
FranceNo7.4
South AfricaNo6.53
ItalyNo7.25
KenyaNo6.82
MyanmarNo5.33
ColombiaNo6.6
South KoreaNo7.47
SudanNo3.98
UgandaNo6.64
AlgeriaNo4.82
IraqNo5.49
ArgentinaNo4.77
YemenNo4.18
AngolaNo5.38
UkraineNo6.17
MoroccoNo6.42
PolandNo7.12
MalaysiaNo7.19
MozambiqueNo6.03
GhanaNo6.41
PeruNo7.52
Saudi ArabiaNo6.64
MadagascarNo5.92
Ivory CoastNo6.04
CameroonNo5.72
NepalNo6.3
VenezuelaNo3.01
NigerNo5.8
SyriaNo3.9
MaliNo5.8
Burkina FasoNo6.14
Sri LankaNo6.13
MalawiNo5.87
ZambiaNo5.84
ChadNo5.31
KazakhstanNo7.13
ChileNo7.66
SomaliaNo5.66
SenegalNo6.2
GuatemalaNo7.5
NetherlandsNo7.76
EcuadorNo6.46
CambodiaNo6.82
ZimbabweNo3.81
GuineaNo5.62
BeninNo6.41
RwandaNo6.77
BurundiNo5.4
BoliviaNo6.08
TunisiaNo6.02
HaitiNo6.15
BelgiumNo7.43
JordanNo7.3
Dominican RepublicNo7.3
United Arab EmiratesNo7.35
HondurasNo6.97
TajikistanNo6.38
Papua New GuineaNo6.05
SwedenNo7.81
PortugalNo7.54
AzerbaijanNo5.99
GreeceNo6.94
TogoNo6.24
HungaryNo7.36
IsraelNo7.57
AustriaNo7.69
BelarusNo6.23
Sierra LeoneNo5.91
LaosNo6.24
LibyaNo4.65
KyrgyzstanNo6.88
ParaguayNo7.02
NicaraguaNo6.52
BulgariaNo7.46
SerbiaNo6.85
Republic of the CongoNo4.85
El SalvadorNo7.11
LebanonNo5.15
LiberiaNo5.82
NorwayNo7.67
Central African RepublicNo5.01
OmanNo6.58
SlovakiaNo7.49
MauritaniaNo5.78
Costa RicaNo7.76
KuwaitNo6.63
PanamaNo7.51
CroatiaNo7.25
MongoliaNo7.04
UruguayNo7.06
Bosnia and HerzegovinaNo6.66
QatarNo6.58
NamibiaNo6.16
MoldovaNo7.18
JamaicaNo7.46
GambiaNo7.11
AlbaniaNo7.6
GabonNo5.41
BotswanaNo6.84
LesothoNo5.95
Guinea-BissauNo5.53
SloveniaNo7.23
North MacedoniaNo7.06
BahrainNo7.44
Trinidad and TobagoNo6.63
Timor-LesteNo5.82
EswatiniNo5.33
DjiboutiNo5.79
FijiNo6.32
ComorosNo5.63
GuyanaNo5.43
BhutanNo6.62
LuxembourgNo7.91
SurinameNo5.52
MontenegroNo7.59
Cape VerdeNo7.38
BruneiNo7.12
BelizeNo5.91
BahamasNo6.55
BarbadosNo6.94
SeychellesNo7.12
  • Sources occasionally differ on the matter of what constitutes a market economy country. One of the simplest measures is the country’s economic score on the Cato Institute’s annual Human Freedom Index, in which countries with an economic freedom score of 8.0 or higher almost always have a market economy and countries from 7.50-7.99 may or may not have a market economy, depending upon which of the six main characteristics (see body text) they possess.