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BRazil is #124
Brazil is #124 in Economic Freedom out of 176 Countries.
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Every year the Heritage Foundation, a leading U.S. nonprofit, produces the Index of Economic Freedom Report and ranks how free and open each country’s economy is.
With a score of 53.2 out of 100, Brazil is classified as:
When it’s about soccer, every Brazilian often desperately want to be #1. We need that passion where it really counts:
Want greater income and a better quality of life?
Improve economic freedom!
Evidence clearly shows that greater economic freedom leads to higher standards of living, increased job creation, improved education and healthcare, greater prosperity, and enhanced environmental stewardship.
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What Does Being “Mostly Unfree” Mean for BRazil?
Brazil is classified as "Mostly Unfree" in the Index of Economic Freedom, meaning that its citizens face significant government interference in their economic activities. This classification reflects burdensome regulations, corruption, and inefficiencies that stifle economic growth, resulting in widespread challenges such as high taxes, limited job opportunities, and reduced access to quality public services.
What categories doES Brazil DO well in?
To do well a country must score 70 or higher. Brazil scores either "Free" or "Mostly Free" in the following 2 out of 12 categories (scores out of 100):
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​Monetary Freedom 71.6
Solutions
Weakest categories:
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Fiscal Health 30.9
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Government Spending 34.9
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Government Integrity 36.9
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The weakest category for Brazil is Fiscal Health, with a score of 30.9 out of 100. Fiscal health measures a government's ability to manage its budget and debt effectively. For the average Brazilian, this poor performance translates into economic instability, inflation risks, and reduced investment in essential services like healthcare and education. To improve this score, Brazil should prioritize fiscal reforms, including reducing public debt through transparent budget planning, increasing efficiency in tax collection, and cutting wasteful expenditures.
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The second weakest category is Government Spending, scoring 34.9 out of 100. This category assesses how government expenditures impact the economy, including whether spending is sustainable and productive. Excessive and inefficient government spending in Brazil leads to higher taxes and a bloated public sector, which limits private sector growth and opportunities for citizens. Brazil can address this by implementing spending caps, privatizing non-essential industries, and reallocating resources to projects that directly benefit the population, such as infrastructure and education.
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The third weakest category is Government Integrity, which scored 36.9 out of 100. This category evaluates the level of transparency, corruption, and ethical standards in government operations. For Brazilians, weak government integrity fosters corruption, reduces public trust, and creates barriers to economic progress. To improve, Brazil should enforce stricter anti-corruption laws, establish independent oversight bodies, and increase transparency in public procurement and political funding.
Brzail's Score Over Time
Since 2003's Brazil's score has mostly been on the decline.
