Index of Economic Freedom (25 items)
The conservative think tank, The Heritage Foundation, in partnership with the Wall Street Journal, created an index that rates the economic freedom in 186 countries.
The index covers 10 freedoms grouped into four major categories to calculate an overall score for each country. The information considered for each factor in each country was current June 30, 2013.
We compiled the top 25 economically free countries, but if you want to investigate the data and see more countries you can go to their website here:
1 of 25. Japan
According to the Index, although Japan remains in the top 25 economically free countries, it's progress is suffering due to a lack of reforms.
2 of 25. Austria
According to the Index, the backbone of Austria's economy is their vibrant banking sector.
3 of 25. Iceland
According to the Index, Iceland continues to improve while serious economic barriers are slowly removed.
4 of 25. Georgia
According to the Index, Georgia has achieved a "mostly free" status.
5 of 25. Lithuania
According to the Index, Lithuania has reduced government spending to sustain momentum through the economic recovery.