The HFI presents a broad measure of human freedom with the help of 79 distinct indicators that encompass personal and economic freedom.
The index measures levels of freedom in 162 countries on a scale of zero to 10, with Finland scoring 9.29 in personal freedom and 7.65 in economic freedom, and averaging 8.47 in terms of human freedom.
New Zealand, Switzerland, Hong Kong, Australia and Canada made up the top five, while Syria, Venezuela and Yemen were deemed to have the least amount of human freedom of the countries included.
The report finds that human freedom correlates clearly with higher average per capita income, as well as with democracy, although Hong Kong is a notable exception in this regard. The findings of the report also suggest that freedom is of great significance to the wellbeing of humans.
The Human Freedom Index report is co-published by the Cato Institute, the Fraser Institute and the Liberales Institut at the Friedrich Naumann Foundation for Freedom. This year’s report is based on figures from 2016, the most recent year where sufficient data is available.