Annual ranking of Israel on the Economic Freedom Index 2000-2024

Published by Statista Research Department, Aug 7, 2024

In 2024, Israel was given a score of 70.1 on the Economic Freedom Index published by The Heritage Foundation. This positions the country's economy as the top 26th most liberal in the world, just bellow the United States. The world average economic freedom score in 2021 was 61.6.

Annual overall score of Israel on the Economic Freedom Index ranking from 2000 to 2024

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Release date

October 2023

Region

Israel, MENA

Survey time period

2000 to 2024

Supplementary notes

Data for World Average is missing from 2022.

The Index of Economic Freedom is an annual ranking by The Heritage Foundation and The Wall Street Journal to measure the degree of economic freedom of countries. Since 1995 the authors of the index took an approach aligned to Adam Smith's in The Wealth of Nations. 

The 2018 ranking has main categories with total twelve sub-categories:
Rule of law sub-categories: Property rights, Judicial effectiveness, Government integrity
Government size sub-categories: Tax burden, Government spending, Fiscal health
Regulatory efficiency sub-categories: Business freedom, Labor freedom, Monetary freedom
Market openness sub-categories: Trade freedom, Investment freedom, Financial freedom

Ranking: 100 - Total economic freedom; 80–99 = free; 70.0–79.9 = mostly free; 60.0–69.9 = moderately free; 50.0–59.9= mostly unfree; 0–49.9 = repressed; 0 ; no economic freedom.

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