Index measures jurisdictions based on trade freedom, tax burden, and judicial effectiveness. Heritage Foundation publishes annual ranking from "free" to "repressed". Singapore ranked first in 2023, US ranked 25th
Global economic freedom score fell to 58.6, lowest since 2001. Only 81 countries (50%) have moderate economic freedom. Singapore remains world's freest economy, Switzerland second. US's score dropped to 70.1, lowest in 30 years